Can I retire at age 50 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$247,737$245,530$243,378$241,276$239,224$232,780
2 years$122,642$120,358$118,144$115,998$113,916$107,470
3 years$80,949$78,655$76,447$74,321$72,273$66,027
4 years$60,107$57,820$55,634$53,544$51,546$45,547
5 years$47,605$45,332$43,174$41,127$39,184$33,449
6 years$39,273$37,017$34,891$32,890$31,005$25,540
7 years$33,324$31,087$28,995$27,040$25,216$20,020
8 years$28,864$26,647$24,590$22,684$20,919$15,990
9 years$25,397$23,201$21,179$19,321$17,617$12,951
10 years$22,625$20,450$18,465$16,655$15,010$10,601
11 years$20,359$18,206$16,256$14,495$12,909$8,750
12 years$18,471$16,341$14,427$12,714$11,187$7,270
13 years$16,875$14,767$12,889$11,225$9,755$6,072
14 years$15,509$13,423$11,581$9,964$8,551$5,094
15 years$14,326$12,262$10,456$8,886$7,529$4,288
16 years$13,291$11,250$9,480$7,957$6,654$3,621
17 years$12,379$10,361$8,626$7,149$5,900$3,064
18 years$11,570$9,574$7,875$6,443$5,246$2,599
19 years$10,846$8,873$7,209$5,821$4,676$2,208
20 years$10,196$8,245$6,616$5,272$4,177$1,878
21 years$9,608$7,680$6,086$4,785$3,738$1,600
22 years$9,075$7,169$5,609$4,351$3,350$1,364
23 years$8,589$6,705$5,179$3,962$3,007$1,164
24 years$8,143$6,282$4,789$3,614$2,703$994
25 years$7,734$5,896$4,436$3,300$2,432$849
26 years$7,358$5,541$4,114$3,018$2,191$726
27 years$7,009$5,215$3,820$2,762$1,975$621
28 years$6,686$4,914$3,551$2,531$1,782$531
29 years$6,386$4,636$3,305$2,321$1,610$455
30 years$6,107$4,378$3,078$2,130$1,454$389
31 years$5,846$4,139$2,870$1,956$1,315$334
32 years$5,601$3,916$2,678$1,798$1,189$286
33 years$5,373$3,708$2,500$1,653$1,076$245
34 years$5,158$3,515$2,336$1,521$975$210
35 years$4,955$3,334$2,184$1,400$883$180
36 years$4,765$3,164$2,043$1,290$800$154
37 years$4,585$3,005$1,912$1,188$725$132
38 years$4,415$2,856$1,791$1,095$657$113
39 years$4,254$2,716$1,678$1,010$596$97
40 years$4,101$2,584$1,573$931$541$83
41 years$3,957$2,460$1,475$859$490$71
42 years$3,819$2,342$1,383$793$445$61
43 years$3,689$2,232$1,298$732$404$52
44 years$3,564$2,127$1,218$676$367$45
45 years$3,446$2,029$1,144$624$333$39
46 years$3,333$1,935$1,074$577$302$33
47 years$3,225$1,847$1,009$533$274$28
48 years$3,122$1,763$949$492$249$24
49 years$3,023$1,684$892$455$226$21
50 years$2,929$1,608$838$421$206$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,000,000, adding $6,906 every year, while hoping to spend $59,307 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: 35/35/30 Blend
49$3,000,000$3,000,000$3,000,000$3,000,000
50$3,313,124$3,154,124$3,107,624$3,398,979
51$3,587,960$3,245,573$3,148,627$3,555,689
52$3,888,842$3,339,517$3,189,016$3,718,878
53$4,218,364$3,436,013$3,228,708$3,893,839
54$4,579,382$3,535,122$3,267,614$4,081,667
55$4,975,042$3,636,906$3,305,643$4,283,572
56$5,408,809$3,741,428$3,342,695$4,500,880
57$5,884,499$3,848,750$3,378,667$4,735,056
58$6,406,316$3,958,936$3,413,450$4,987,711
59$6,978,888$4,072,052$3,446,928$5,260,618
60$7,607,315$4,188,163$3,478,981$5,555,731
61$8,297,214$4,307,336$3,509,480$5,875,200
62$9,054,773$4,429,638$3,538,290$6,221,397
63$9,886,806$4,555,136$3,565,269$6,596,930
64$10,800,823$4,683,901$3,590,268$7,004,674
65$11,805,094$4,815,999$3,613,129$7,447,797
66$12,908,733$4,951,503$3,633,688$7,929,788
67$14,121,778$5,090,480$3,651,771$8,454,491
68$15,455,289$5,233,003$3,667,195$9,026,140
69$16,921,450$5,379,142$3,679,767$9,649,403
70$18,533,685$5,528,968$3,689,287$10,329,421
71$20,306,786$5,682,552$3,695,543$11,071,860
72$22,257,046$5,839,965$3,698,312$11,882,961
73$24,402,421$6,001,279$3,697,362$12,769,603
74$26,762,691$6,166,566$3,692,447$13,739,368
75$29,359,653$6,335,894$3,683,311$14,800,607
76$32,217,320$6,509,336$3,669,684$15,962,527
77$35,362,154$6,686,960$3,651,286$17,235,271
78$38,823,308$6,868,836$3,627,818$18,630,018
79$42,632,908$7,055,031$3,598,973$20,159,088
80$46,826,350$7,245,613$3,564,424$21,836,057
81$51,442,637$7,440,648$3,523,832$23,675,887
82$56,524,746$7,640,199$3,476,839$25,695,069
83$62,120,031$7,844,330$3,423,074$27,911,774
84$68,280,672$8,053,100$3,362,145$30,346,029
85$75,064,167$8,266,568$3,293,644$33,019,907
86$82,533,873$8,484,791$3,217,142$35,957,733
87$90,759,604$8,707,822$3,132,192$39,186,314
88$99,818,288$8,935,710$3,038,325$42,735,196
89$109,794,696$9,168,502$2,935,052$46,636,941
90$120,782,239$9,406,242$2,821,859$50,927,433
91$132,883,848$9,648,969$2,698,212$55,646,223
92$146,212,948$9,896,716$2,563,550$60,836,898
93$160,894,528$10,149,514$2,417,288$66,547,495
94$177,066,316$10,407,386$2,258,813$72,830,957
95$194,880,084$10,670,352$2,087,487$79,745,629
96$214,503,075$10,938,422$1,902,641$87,355,817
97$236,119,587$11,211,603$1,703,577$95,732,389
98$259,932,704$11,489,891$1,489,567$104,953,449
99$286,166,220$11,773,276$1,259,848$115,105,073
100$315,066,747$12,061,739$1,013,625$126,282,128