Can I retire at age 50 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$246,911$244,712$242,566$240,472$238,427$233,042
2 years$122,233$119,957$117,751$115,611$113,537$108,140
3 years$80,679$78,393$76,192$74,073$72,032$66,793
4 years$59,907$57,627$55,449$53,366$51,374$46,332
5 years$47,446$45,180$43,030$40,990$39,054$34,223
6 years$39,142$36,893$34,775$32,780$30,902$26,288
7 years$33,213$30,983$28,898$26,950$25,131$20,735
8 years$28,768$26,558$24,508$22,608$20,849$16,668
9 years$25,312$23,124$21,109$19,257$17,558$13,590
10 years$22,550$20,382$18,403$16,600$14,960$11,201
11 years$20,291$18,145$16,202$14,447$12,866$9,310
12 years$18,410$16,286$14,379$12,672$11,150$7,791
13 years$16,819$14,718$12,846$11,187$9,723$6,556
14 years$15,457$13,378$11,542$9,931$8,523$5,541
15 years$14,278$12,221$10,421$8,856$7,504$4,701
16 years$13,247$11,213$9,448$7,930$6,632$4,000
17 years$12,338$10,326$8,598$7,125$5,881$3,413
18 years$11,531$9,542$7,849$6,421$5,229$2,918
19 years$10,810$8,844$7,185$5,802$4,660$2,499
20 years$10,162$8,218$6,594$5,255$4,163$2,144
21 years$9,576$7,655$6,065$4,769$3,725$1,841
22 years$9,045$7,145$5,590$4,336$3,339$1,583
23 years$8,560$6,683$5,161$3,949$2,997$1,363
24 years$8,116$6,261$4,773$3,602$2,694$1,174
25 years$7,709$5,876$4,421$3,289$2,424$1,012
26 years$7,333$5,523$4,100$3,008$2,184$873
27 years$6,986$5,197$3,808$2,753$1,969$753
28 years$6,664$4,897$3,540$2,522$1,777$650
29 years$6,365$4,620$3,294$2,313$1,604$562
30 years$6,086$4,363$3,068$2,123$1,449$485
31 years$5,826$4,125$2,860$1,950$1,310$420
32 years$5,583$3,903$2,669$1,792$1,185$363
33 years$5,355$3,696$2,492$1,648$1,073$314
34 years$5,140$3,503$2,328$1,516$971$271
35 years$4,939$3,323$2,177$1,396$880$235
36 years$4,749$3,154$2,036$1,285$797$203
37 years$4,570$2,995$1,906$1,184$722$176
38 years$4,400$2,846$1,785$1,091$655$152
39 years$4,240$2,707$1,672$1,006$594$131
40 years$4,088$2,575$1,567$928$539$114
41 years$3,944$2,451$1,470$856$489$98
42 years$3,807$2,335$1,379$790$443$85
43 years$3,676$2,224$1,294$730$402$74
44 years$3,553$2,120$1,214$674$365$64
45 years$3,434$2,022$1,140$622$332$55
46 years$3,322$1,929$1,071$575$301$48
47 years$3,214$1,841$1,006$531$273$41
48 years$3,112$1,757$945$491$248$36
49 years$3,013$1,678$889$453$226$31
50 years$2,919$1,603$835$419$205$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,990,000, adding $6,571 every year, while hoping to spend $43,521 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: 76/19/5 Blend
49$2,990,000$2,990,000$2,990,000$2,990,000
50$3,301,758$3,143,288$3,096,943$3,551,212
51$3,592,231$3,251,003$3,154,385$3,823,624
52$3,910,874$3,362,538$3,212,292$4,115,845
53$4,260,514$3,478,033$3,270,634$4,434,843
54$4,644,265$3,597,635$3,329,379$4,783,253
55$5,065,558$3,721,497$3,388,492$5,163,978
56$5,528,172$3,849,777$3,447,933$5,580,211
57$6,036,269$3,982,640$3,507,662$6,035,471
58$6,594,435$4,120,255$3,567,635$6,533,628
59$7,207,721$4,262,802$3,627,804$7,078,949
60$7,881,693$4,410,464$3,688,121$7,676,127
61$8,622,482$4,563,433$3,748,529$8,330,333
62$9,436,843$4,721,908$3,808,972$9,047,261
63$10,332,216$4,886,097$3,869,388$9,833,183
64$11,316,802$5,056,216$3,929,712$10,695,003
65$12,399,632$5,232,486$3,989,874$11,640,330
66$13,590,659$5,415,143$4,049,799$12,677,540
67$14,900,848$5,604,427$4,109,409$13,815,862
68$16,342,281$5,800,590$4,168,621$15,065,460
69$17,928,268$6,003,894$4,227,344$16,437,530
70$19,673,477$6,214,610$4,285,486$17,944,405
71$21,594,068$6,433,022$4,342,946$19,599,672
72$23,707,847$6,659,425$4,399,619$21,418,297
73$26,034,434$6,894,123$4,455,392$23,416,767
74$28,595,447$7,137,435$4,510,149$25,613,246
75$31,414,706$7,389,693$4,563,762$28,027,744
76$34,518,459$7,651,241$4,616,102$30,682,305
77$37,935,628$7,922,438$4,667,027$33,601,216
78$41,698,081$8,203,657$4,716,391$36,811,236
79$45,840,935$8,495,285$4,764,040$40,341,843
80$50,402,883$8,797,727$4,809,808$44,225,519
81$55,426,565$9,111,403$4,853,524$48,498,048
82$60,958,963$9,436,751$4,895,006$53,198,858
83$67,051,852$9,774,226$4,934,063$58,371,392
84$73,762,279$10,124,302$4,970,493$64,063,514
85$81,153,112$10,487,472$5,004,084$70,327,962
86$89,293,622$10,864,251$5,034,614$77,222,846
87$98,260,145$11,255,173$5,061,847$84,812,193
88$108,136,799$11,660,795$5,085,538$93,166,551
89$119,016,276$12,081,698$5,105,427$102,363,655
90$131,000,720$12,518,485$5,121,243$112,489,159
91$144,202,687$12,971,785$5,132,699$123,637,443
92$158,746,212$13,442,254$5,139,495$135,912,503
93$174,767,975$13,930,573$5,141,317$149,428,931
94$192,418,591$14,437,454$5,137,834$164,312,997
95$211,864,035$14,963,637$5,128,699$180,703,836
96$233,287,205$15,509,893$5,113,549$198,754,766
97$256,889,649$16,077,027$5,092,001$218,634,728
98$282,893,467$16,665,875$5,063,658$240,529,883
99$311,543,409$17,277,311$5,028,098$264,645,364
100$343,109,181$17,912,244$4,984,884$291,207,217