Can I retire at age 50 with 2,960,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$244,434$242,257$240,132$238,059$236,035$232,220
2 years$121,007$118,753$116,569$114,451$112,397$108,565
3 years$79,870$77,607$75,428$73,330$71,310$67,578
4 years$59,306$57,049$54,892$52,830$50,859$47,257
5 years$46,970$44,727$42,599$40,579$38,662$35,201
6 years$38,749$36,523$34,426$32,451$30,592$27,275
7 years$32,879$30,672$28,608$26,680$24,879$21,708
8 years$28,479$26,292$24,262$22,381$20,640$17,613
9 years$25,058$22,892$20,897$19,064$17,382$14,498
10 years$22,323$20,178$18,218$16,433$14,810$12,068
11 years$20,087$17,963$16,039$14,302$12,737$10,133
12 years$18,225$16,123$14,234$12,545$11,038$8,568
13 years$16,650$14,570$12,717$11,075$9,625$7,286
14 years$15,302$13,244$11,427$9,831$8,437$6,226
15 years$14,135$12,099$10,317$8,768$7,429$5,340
16 years$13,114$11,100$9,354$7,850$6,566$4,596
17 years$12,214$10,223$8,511$7,054$5,822$3,966
18 years$11,416$9,446$7,770$6,357$5,176$3,430
19 years$10,702$8,755$7,113$5,744$4,614$2,973
20 years$10,060$8,135$6,528$5,202$4,121$2,581
21 years$9,480$7,578$6,004$4,721$3,688$2,244
22 years$8,954$7,074$5,534$4,293$3,306$1,954
23 years$8,474$6,616$5,110$3,909$2,967$1,703
24 years$8,035$6,199$4,726$3,566$2,667$1,486
25 years$7,631$5,817$4,377$3,256$2,400$1,297
26 years$7,260$5,467$4,059$2,977$2,162$1,133
27 years$6,916$5,145$3,769$2,725$1,949$991
28 years$6,597$4,848$3,504$2,497$1,759$866
29 years$6,301$4,574$3,261$2,290$1,588$758
30 years$6,025$4,319$3,037$2,101$1,435$664
31 years$5,768$4,083$2,832$1,930$1,297$581
32 years$5,527$3,864$2,642$1,774$1,173$509
33 years$5,301$3,659$2,467$1,631$1,062$446
34 years$5,089$3,468$2,305$1,501$962$391
35 years$4,889$3,289$2,155$1,382$871$343
36 years$4,701$3,122$2,016$1,272$789$301
37 years$4,524$2,965$1,887$1,172$715$264
38 years$4,356$2,818$1,767$1,081$648$231
39 years$4,197$2,680$1,655$996$588$203
40 years$4,047$2,549$1,552$919$533$178
41 years$3,904$2,427$1,455$848$484$156
42 years$3,769$2,311$1,365$782$439$137
43 years$3,640$2,202$1,281$722$398$120
44 years$3,517$2,099$1,202$667$362$106
45 years$3,400$2,002$1,129$616$328$93
46 years$3,288$1,909$1,060$569$298$81
47 years$3,182$1,822$996$526$271$71
48 years$3,080$1,740$936$486$246$63
49 years$2,983$1,661$880$449$223$55
50 years$2,890$1,587$827$415$203$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,960,000, adding $2,168 every year, while hoping to spend $46,873 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/34/26 Blend
49$2,960,000$2,960,000$2,960,000$2,960,000
50$3,264,156$3,107,276$3,061,396$3,369,561
51$3,547,228$3,209,660$3,114,081$3,548,460
52$3,857,601$3,315,490$3,166,959$3,737,331
53$4,198,013$3,424,885$3,219,988$3,940,758
54$4,571,475$3,537,969$3,273,122$4,160,101
55$4,981,305$3,654,870$3,326,312$4,396,855
56$5,431,160$3,775,720$3,379,505$4,652,664
57$5,925,066$3,900,658$3,432,646$4,929,339
58$6,467,458$4,029,826$3,485,675$5,228,869
59$7,063,222$4,163,370$3,538,528$5,553,443
60$7,717,740$4,301,445$3,591,139$5,905,471
61$8,436,943$4,444,209$3,643,435$6,287,603
62$9,227,362$4,591,826$3,695,341$6,702,759
63$10,096,194$4,744,467$3,746,776$7,154,148
64$11,051,368$4,902,307$3,797,654$7,645,306
65$12,101,618$5,065,531$3,847,887$8,180,125
66$13,256,568$5,234,327$3,897,376$8,762,889
67$14,526,822$5,408,893$3,946,022$9,398,315
68$15,924,062$5,589,433$3,993,718$10,091,596
69$17,461,158$5,776,157$4,040,349$10,848,452
70$19,152,292$5,969,285$4,085,797$11,675,179
71$21,013,091$6,169,045$4,129,936$12,578,713
72$23,060,769$6,375,671$4,172,632$13,566,692
73$25,314,298$6,589,409$4,213,746$14,647,526
74$27,794,579$6,810,512$4,253,128$15,830,480
75$30,524,642$7,039,244$4,290,624$17,125,759
76$33,529,864$7,275,876$4,326,069$18,544,602
77$36,838,208$7,520,692$4,359,290$20,099,388
78$40,480,485$7,773,985$4,390,106$21,803,757
79$44,490,644$8,036,060$4,418,324$23,672,729
80$48,906,096$8,307,233$4,443,744$25,722,855
81$53,768,062$8,587,832$4,466,154$27,972,366
82$59,121,966$8,878,196$4,485,331$30,441,344
83$65,017,858$9,178,680$4,501,042$33,151,918
84$71,510,894$9,489,649$4,513,041$36,128,463
85$78,661,847$9,811,484$4,521,070$39,397,836
86$86,537,688$10,144,580$4,524,858$42,989,625
87$95,212,213$10,489,345$4,524,122$46,936,429
88$104,766,742$10,846,206$4,518,564$51,274,168
89$115,290,884$11,215,605$4,507,869$56,042,413
90$126,883,383$11,597,998$4,491,712$61,284,767
91$139,653,051$11,993,863$4,469,747$67,049,272
92$153,719,794$12,403,693$4,441,615$73,388,862
93$169,215,741$12,828,003$4,406,937$80,361,863
94$186,286,495$13,267,324$4,365,319$88,032,538
95$205,092,506$13,722,210$4,316,345$96,471,702
96$225,810,580$14,193,237$4,259,581$105,757,379
97$248,635,554$14,681,001$4,194,572$115,975,545
98$273,782,133$15,186,123$4,120,843$127,220,936
99$301,486,915$15,709,247$4,037,895$139,597,938
100$332,010,623$16,251,043$3,945,207$153,221,580