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%19.2%
1 years$246,911$244,712$242,566$240,472$238,427$229,602
2 years$122,233$119,957$117,751$115,611$113,537$104,745
3 years$80,679$78,393$76,192$74,073$72,032$63,551
4 years$59,907$57,627$55,449$53,366$51,374$43,268
5 years$47,446$45,180$43,030$40,990$39,054$31,343
6 years$39,142$36,893$34,775$32,780$30,902$23,593
7 years$33,213$30,983$28,898$26,950$25,131$18,222
8 years$28,768$26,558$24,508$22,608$20,849$14,333
9 years$25,312$23,124$21,109$19,257$17,558$11,426
10 years$22,550$20,382$18,403$16,600$14,960$9,201
11 years$20,291$18,145$16,202$14,447$12,866$7,468
12 years$18,410$16,286$14,379$12,672$11,150$6,099
13 years$16,819$14,718$12,846$11,187$9,723$5,005
14 years$15,457$13,378$11,542$9,931$8,523$4,123
15 years$14,278$12,221$10,421$8,856$7,504$3,408
16 years$13,247$11,213$9,448$7,930$6,632$2,824
17 years$12,338$10,326$8,598$7,125$5,881$2,345
18 years$11,531$9,542$7,849$6,421$5,229$1,950
19 years$10,810$8,844$7,185$5,802$4,660$1,625
20 years$10,162$8,218$6,594$5,255$4,163$1,355
21 years$9,576$7,655$6,065$4,769$3,725$1,131
22 years$9,045$7,145$5,590$4,336$3,339$945
23 years$8,560$6,683$5,161$3,949$2,997$790
24 years$8,116$6,261$4,773$3,602$2,694$661
25 years$7,709$5,876$4,421$3,289$2,424$553
26 years$7,333$5,523$4,100$3,008$2,184$463
27 years$6,986$5,197$3,808$2,753$1,969$388
28 years$6,664$4,897$3,540$2,522$1,777$325
29 years$6,365$4,620$3,294$2,313$1,604$272
30 years$6,086$4,363$3,068$2,123$1,449$228
31 years$5,826$4,125$2,860$1,950$1,310$191
32 years$5,583$3,903$2,669$1,792$1,185$160
33 years$5,355$3,696$2,492$1,648$1,073$134
34 years$5,140$3,503$2,328$1,516$971$113
35 years$4,939$3,323$2,177$1,396$880$95
36 years$4,749$3,154$2,036$1,285$797$79
37 years$4,570$2,995$1,906$1,184$722$66
38 years$4,400$2,846$1,785$1,091$655$56
39 years$4,240$2,707$1,672$1,006$594$47
40 years$4,088$2,575$1,567$928$539$39
41 years$3,944$2,451$1,470$856$489$33
42 years$3,807$2,335$1,379$790$443$28
43 years$3,676$2,224$1,294$730$402$23
44 years$3,553$2,120$1,214$674$365$19
45 years$3,434$2,022$1,140$622$332$16
46 years$3,322$1,929$1,071$575$301$14
47 years$3,214$1,841$1,006$531$273$11
48 years$3,112$1,757$945$491$248$10
49 years$3,013$1,678$889$453$226$8
50 years$2,919$1,603$835$419$205$7

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 $4,213 every year, while hoping to spend $55,834 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: 34/36/30 Blend
49$2,990,000$2,990,000$2,990,000$2,990,000
50$3,299,326$3,140,856$3,094,511$3,381,486
51$3,576,450$3,235,351$3,138,770$3,538,703
52$3,879,970$3,332,605$3,182,640$3,702,871
53$4,212,518$3,432,694$3,226,050$3,878,848
54$4,576,995$3,535,696$3,268,923$4,067,725
55$4,976,595$3,641,692$3,311,179$4,270,705
56$5,414,836$3,750,763$3,352,732$4,489,110
57$5,895,592$3,862,993$3,393,491$4,724,396
58$6,423,132$3,978,469$3,433,362$4,978,165
59$7,002,155$4,097,278$3,472,243$5,252,181
60$7,637,840$4,219,510$3,510,029$5,548,384
61$8,335,892$4,345,257$3,546,607$5,868,913
62$9,102,593$4,474,615$3,581,858$6,216,120
63$9,944,865$4,607,679$3,615,658$6,592,596
64$10,870,334$4,744,548$3,647,875$7,001,197
65$11,887,400$4,885,323$3,678,371$7,445,063
66$13,005,318$5,030,107$3,707,000$7,927,658
67$14,234,284$5,179,006$3,733,608$8,452,792
68$15,585,531$5,332,127$3,758,034$9,024,667
69$17,071,435$5,489,581$3,780,107$9,647,908
70$18,705,630$5,651,479$3,799,650$10,327,611
71$20,503,140$5,817,937$3,816,474$11,069,390
72$22,480,517$5,989,072$3,830,382$11,879,430
73$24,655,996$6,165,004$3,841,167$12,764,545
74$27,049,672$6,345,854$3,848,610$13,732,243
75$29,683,685$6,531,746$3,852,485$14,790,794
76$32,582,427$6,722,808$3,852,549$15,949,313
77$35,772,778$6,919,169$3,848,553$17,217,842
78$39,284,353$7,120,960$3,840,231$18,607,444
79$43,149,785$7,328,315$3,827,307$20,130,313
80$47,405,033$7,541,372$3,809,491$21,799,882
81$52,089,715$7,760,268$3,786,478$23,630,955
82$57,247,490$7,985,146$3,757,949$25,639,843
83$62,926,464$8,216,148$3,723,571$27,844,523
84$69,179,645$8,453,420$3,682,992$30,264,801
85$76,065,442$8,697,112$3,635,846$32,922,507
86$83,648,219$8,947,372$3,581,749$35,841,692
87$91,998,899$9,204,355$3,520,299$39,048,865
88$101,195,633$9,468,214$3,451,075$42,573,235
89$111,324,539$9,739,108$3,373,637$46,446,991
90$122,480,511$10,017,194$3,287,523$50,705,607
91$134,768,120$10,302,633$3,192,252$55,388,175
92$148,302,596$10,595,589$3,087,320$60,537,773
93$163,210,913$10,896,226$2,972,198$66,201,877
94$179,632,995$11,204,710$2,846,335$72,432,804
95$197,723,028$11,521,208$2,709,155$79,288,210
96$217,650,920$11,845,890$2,560,055$86,831,634
97$239,603,901$12,178,926$2,398,404$95,133,096
98$263,788,293$12,520,488$2,223,544$104,269,762
99$290,431,454$12,870,746$2,034,788$114,326,670
100$319,783,925$13,229,876$1,831,416$125,397,537