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%18.5%
1 years$244,434$242,257$240,132$238,059$236,035$227,932
2 years$121,007$118,753$116,569$114,451$112,397$104,317
3 years$79,870$77,607$75,428$73,330$71,310$63,505
4 years$59,306$57,049$54,892$52,830$50,859$43,389
5 years$46,970$44,727$42,599$40,579$38,662$31,547
6 years$38,749$36,523$34,426$32,451$30,592$23,838
7 years$32,879$30,672$28,608$26,680$24,879$18,485
8 years$28,479$26,292$24,262$22,381$20,640$14,600
9 years$25,058$22,892$20,897$19,064$17,382$11,689
10 years$22,323$20,178$18,218$16,433$14,810$9,455
11 years$20,087$17,963$16,039$14,302$12,737$7,709
12 years$18,225$16,123$14,234$12,545$11,038$6,325
13 years$16,650$14,570$12,717$11,075$9,625$5,215
14 years$15,302$13,244$11,427$9,831$8,437$4,318
15 years$14,135$12,099$10,317$8,768$7,429$3,586
16 years$13,114$11,100$9,354$7,850$6,566$2,987
17 years$12,214$10,223$8,511$7,054$5,822$2,493
18 years$11,416$9,446$7,770$6,357$5,176$2,084
19 years$10,702$8,755$7,113$5,744$4,614$1,746
20 years$10,060$8,135$6,528$5,202$4,121$1,464
21 years$9,480$7,578$6,004$4,721$3,688$1,228
22 years$8,954$7,074$5,534$4,293$3,306$1,032
23 years$8,474$6,616$5,110$3,909$2,967$868
24 years$8,035$6,199$4,726$3,566$2,667$730
25 years$7,631$5,817$4,377$3,256$2,400$614
26 years$7,260$5,467$4,059$2,977$2,162$517
27 years$6,916$5,145$3,769$2,725$1,949$436
28 years$6,597$4,848$3,504$2,497$1,759$367
29 years$6,301$4,574$3,261$2,290$1,588$309
30 years$6,025$4,319$3,037$2,101$1,435$261
31 years$5,768$4,083$2,832$1,930$1,297$220
32 years$5,527$3,864$2,642$1,774$1,173$185
33 years$5,301$3,659$2,467$1,631$1,062$156
34 years$5,089$3,468$2,305$1,501$962$132
35 years$4,889$3,289$2,155$1,382$871$111
36 years$4,701$3,122$2,016$1,272$789$94
37 years$4,524$2,965$1,887$1,172$715$79
38 years$4,356$2,818$1,767$1,081$648$67
39 years$4,197$2,680$1,655$996$588$56
40 years$4,047$2,549$1,552$919$533$48
41 years$3,904$2,427$1,455$848$484$40
42 years$3,769$2,311$1,365$782$439$34
43 years$3,640$2,202$1,281$722$398$29
44 years$3,517$2,099$1,202$667$362$24
45 years$3,400$2,002$1,129$616$328$20
46 years$3,288$1,909$1,060$569$298$17
47 years$3,182$1,822$996$526$271$14
48 years$3,080$1,740$936$486$246$12
49 years$2,983$1,661$880$449$223$10
50 years$2,890$1,587$827$415$203$9

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 $4,683 every year, while hoping to spend $38,053 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: 80/15/5 Blend
49$2,960,000$2,960,000$2,960,000$2,960,000
50$3,266,751$3,109,871$3,063,991$3,527,199
51$3,559,471$3,221,766$3,126,146$3,810,187
52$3,880,774$3,337,869$3,189,109$4,115,086
53$4,233,533$3,458,346$3,252,865$4,448,450
54$4,620,918$3,583,369$3,317,400$4,813,098
55$5,046,416$3,713,118$3,382,697$5,212,134
56$5,513,871$3,847,781$3,448,738$5,648,975
57$6,027,516$3,987,554$3,515,501$6,127,383
58$6,592,018$4,132,639$3,582,966$6,651,502
59$7,212,514$4,283,248$3,651,105$7,225,895
60$7,894,666$4,439,603$3,719,893$7,855,585
61$8,644,712$4,601,933$3,789,299$8,546,108
62$9,469,523$4,770,479$3,859,291$9,303,557
63$10,376,671$4,945,489$3,929,834$10,134,644
64$11,374,498$5,127,224$4,000,890$11,046,764
65$12,472,195$5,315,956$4,072,417$12,048,059
66$13,679,887$5,511,966$4,144,372$13,147,500
67$15,008,734$5,715,551$4,216,707$14,354,967
68$16,471,028$5,927,016$4,289,369$15,681,344
69$18,080,315$6,146,682$4,362,306$17,138,621
70$19,851,520$6,374,883$4,435,456$18,740,005
71$21,801,090$6,611,966$4,508,758$20,500,047
72$23,947,144$6,858,296$4,582,145$22,434,775
73$26,309,649$7,114,249$4,655,543$24,561,848
74$28,910,607$7,380,221$4,728,877$26,900,722
75$31,774,260$7,656,622$4,802,066$29,472,827
76$34,927,320$7,943,882$4,875,021$32,301,779
77$38,399,223$8,242,449$4,947,651$35,413,593
78$42,222,404$8,552,790$5,019,857$38,836,931
79$46,432,603$8,875,390$5,091,536$42,603,375
80$51,069,203$9,210,758$5,162,577$46,747,718
81$56,175,601$9,559,425$5,232,862$51,308,297
82$61,799,618$9,921,942$5,302,269$56,327,352
83$67,993,949$10,298,887$5,370,664$61,851,423
84$74,816,660$10,690,862$5,437,911$67,931,790
85$82,331,740$11,098,494$5,503,861$74,624,954
86$90,609,696$11,522,439$5,568,359$81,993,173
87$99,728,228$11,963,381$5,631,242$90,105,045
88$109,772,955$12,422,034$5,692,336$99,036,155
89$120,838,226$12,899,143$5,751,459$108,869,790
90$133,028,010$13,395,487$5,808,418$119,697,722
91$146,456,877$13,911,876$5,863,010$131,621,074
92$161,251,079$14,449,158$5,915,021$144,751,271
93$177,549,741$15,008,218$5,964,226$159,211,094
94$195,506,174$15,589,981$6,010,388$175,135,837
95$215,289,324$16,195,411$6,053,256$192,674,580
96$237,085,363$16,825,514$6,092,568$211,991,599
97$261,099,449$17,481,343$6,128,048$233,267,912
98$287,557,661$18,163,996$6,159,405$256,702,988
99$316,709,130$18,874,620$6,186,333$282,516,629
100$348,828,399$19,614,413$6,208,512$310,951,040