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%11.2%
1 years$244,434$242,257$240,132$238,059$236,035$234,842
2 years$121,007$118,753$116,569$114,451$112,397$111,194
3 years$79,870$77,607$75,428$73,330$71,310$70,133
4 years$59,306$57,049$54,892$52,830$50,859$49,717
5 years$46,970$44,727$42,599$40,579$38,662$37,559
6 years$38,749$36,523$34,426$32,451$30,592$29,529
7 years$32,879$30,672$28,608$26,680$24,879$23,857
8 years$28,479$26,292$24,262$22,381$20,640$19,658
9 years$25,058$22,892$20,897$19,064$17,382$16,441
10 years$22,323$20,178$18,218$16,433$14,810$13,909
11 years$20,087$17,963$16,039$14,302$12,737$11,876
12 years$18,225$16,123$14,234$12,545$11,038$10,215
13 years$16,650$14,570$12,717$11,075$9,625$8,840
14 years$15,302$13,244$11,427$9,831$8,437$7,690
15 years$14,135$12,099$10,317$8,768$7,429$6,717
16 years$13,114$11,100$9,354$7,850$6,566$5,889
17 years$12,214$10,223$8,511$7,054$5,822$5,179
18 years$11,416$9,446$7,770$6,357$5,176$4,567
19 years$10,702$8,755$7,113$5,744$4,614$4,037
20 years$10,060$8,135$6,528$5,202$4,121$3,575
21 years$9,480$7,578$6,004$4,721$3,688$3,171
22 years$8,954$7,074$5,534$4,293$3,306$2,818
23 years$8,474$6,616$5,110$3,909$2,967$2,507
24 years$8,035$6,199$4,726$3,566$2,667$2,233
25 years$7,631$5,817$4,377$3,256$2,400$1,991
26 years$7,260$5,467$4,059$2,977$2,162$1,777
27 years$6,916$5,145$3,769$2,725$1,949$1,587
28 years$6,597$4,848$3,504$2,497$1,759$1,419
29 years$6,301$4,574$3,261$2,290$1,588$1,269
30 years$6,025$4,319$3,037$2,101$1,435$1,136
31 years$5,768$4,083$2,832$1,930$1,297$1,017
32 years$5,527$3,864$2,642$1,774$1,173$911
33 years$5,301$3,659$2,467$1,631$1,062$816
34 years$5,089$3,468$2,305$1,501$962$732
35 years$4,889$3,289$2,155$1,382$871$656
36 years$4,701$3,122$2,016$1,272$789$589
37 years$4,524$2,965$1,887$1,172$715$528
38 years$4,356$2,818$1,767$1,081$648$474
39 years$4,197$2,680$1,655$996$588$425
40 years$4,047$2,549$1,552$919$533$382
41 years$3,904$2,427$1,455$848$484$343
42 years$3,769$2,311$1,365$782$439$308
43 years$3,640$2,202$1,281$722$398$277
44 years$3,517$2,099$1,202$667$362$249
45 years$3,400$2,002$1,129$616$328$223
46 years$3,288$1,909$1,060$569$298$201
47 years$3,182$1,822$996$526$271$180
48 years$3,080$1,740$936$486$246$162
49 years$2,983$1,661$880$449$223$146
50 years$2,890$1,587$827$415$203$131

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 $3,488 every year, while hoping to spend $27,845 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: 56/36/8 Blend
49$2,960,000$2,960,000$2,960,000$2,960,000
50$3,265,518$3,108,638$3,062,758$3,442,113
51$3,568,974$3,231,334$3,135,733$3,684,323
52$3,902,449$3,359,110$3,210,220$3,944,601
53$4,268,976$3,492,183$3,286,240$4,227,406
54$4,671,896$3,630,784$3,363,813$4,534,888
55$5,114,889$3,775,153$3,442,961$4,869,411
56$5,602,012$3,925,539$3,523,704$5,233,573
57$6,137,731$4,082,204$3,606,062$5,630,233
58$6,726,969$4,245,422$3,690,054$6,062,532
59$7,375,150$4,415,477$3,775,701$6,533,929
60$8,088,249$4,592,670$3,863,021$7,048,224
61$8,872,851$4,777,311$3,952,033$7,609,600
62$9,736,209$4,969,727$4,042,754$8,222,659
63$10,686,317$5,170,259$4,135,201$8,892,464
64$11,731,983$5,379,262$4,229,391$9,624,585
65$12,882,909$5,597,110$4,325,340$10,425,155
66$14,149,790$5,824,193$4,423,063$11,300,918
67$15,544,406$6,060,916$4,522,573$12,259,303
68$17,079,740$6,307,705$4,623,884$13,308,481
69$18,770,097$6,565,006$4,727,007$14,457,450
70$20,631,240$6,833,284$4,831,955$15,716,114
71$22,680,537$7,113,026$4,938,736$17,095,376
72$24,937,126$7,404,739$5,047,358$18,607,241
73$27,422,098$7,708,956$5,157,830$20,264,924
74$30,158,691$8,026,233$5,270,156$22,082,977
75$33,172,511$8,357,153$5,384,340$24,077,422
76$36,491,777$8,702,323$5,500,385$26,265,904
77$40,147,581$9,062,380$5,618,291$28,667,852
78$44,174,188$9,437,990$5,738,057$31,304,660
79$48,609,352$9,829,848$5,859,678$34,199,893
80$53,494,678$10,238,683$5,983,150$37,379,499
81$58,876,014$10,665,258$6,108,465$40,872,059
82$64,803,880$11,110,368$6,235,611$44,709,051
83$71,333,947$11,574,847$6,364,575$48,925,144
84$78,527,564$12,059,569$6,495,343$53,558,525
85$86,452,332$12,565,444$6,627,893$58,651,258
86$95,182,748$13,093,429$6,762,206$64,249,672
87$104,800,903$13,644,522$6,898,254$70,404,805
88$115,397,260$14,219,768$7,036,010$77,172,875
89$127,071,505$14,820,261$7,175,441$84,615,811
90$139,933,490$15,447,145$7,316,510$92,801,834
91$154,104,269$16,101,619$7,459,176$101,806,099
92$169,717,241$16,784,935$7,603,395$111,711,398
93$186,919,408$17,498,405$7,749,117$122,608,940
94$205,872,763$18,243,402$7,896,288$134,599,209
95$226,755,818$19,021,362$8,044,847$147,792,906
96$249,765,292$19,833,789$8,194,730$162,311,993
97$275,117,965$20,682,258$8,345,867$178,290,838
98$303,052,723$21,568,414$8,498,179$195,877,478
99$333,832,818$22,493,984$8,651,585$215,235,016
100$367,748,347$23,460,770$8,805,995$236,543,152