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%19.9%
1 years$247,737$245,530$243,378$241,276$239,224$229,733
2 years$122,642$120,358$118,144$115,998$113,916$104,471
3 years$80,949$78,655$76,447$74,321$72,273$63,172
4 years$60,107$57,820$55,634$53,544$51,546$42,858
5 years$47,605$45,332$43,174$41,127$39,184$30,932
6 years$39,273$37,017$34,891$32,890$31,005$23,194
7 years$33,324$31,087$28,995$27,040$25,216$17,842
8 years$28,864$26,647$24,590$22,684$20,919$13,975
9 years$25,397$23,201$21,179$19,321$17,617$11,093
10 years$22,625$20,450$18,465$16,655$15,010$8,894
11 years$20,359$18,206$16,256$14,495$12,909$7,186
12 years$18,471$16,341$14,427$12,714$11,187$5,841
13 years$16,875$14,767$12,889$11,225$9,755$4,770
14 years$15,509$13,423$11,581$9,964$8,551$3,911
15 years$14,326$12,262$10,456$8,886$7,529$3,216
16 years$13,291$11,250$9,480$7,957$6,654$2,651
17 years$12,379$10,361$8,626$7,149$5,900$2,190
18 years$11,570$9,574$7,875$6,443$5,246$1,812
19 years$10,846$8,873$7,209$5,821$4,676$1,502
20 years$10,196$8,245$6,616$5,272$4,177$1,246
21 years$9,608$7,680$6,086$4,785$3,738$1,034
22 years$9,075$7,169$5,609$4,351$3,350$859
23 years$8,589$6,705$5,179$3,962$3,007$714
24 years$8,143$6,282$4,789$3,614$2,703$594
25 years$7,734$5,896$4,436$3,300$2,432$495
26 years$7,358$5,541$4,114$3,018$2,191$412
27 years$7,009$5,215$3,820$2,762$1,975$343
28 years$6,686$4,914$3,551$2,531$1,782$286
29 years$6,386$4,636$3,305$2,321$1,610$238
30 years$6,107$4,378$3,078$2,130$1,454$198
31 years$5,846$4,139$2,870$1,956$1,315$165
32 years$5,601$3,916$2,678$1,798$1,189$138
33 years$5,373$3,708$2,500$1,653$1,076$115
34 years$5,158$3,515$2,336$1,521$975$96
35 years$4,955$3,334$2,184$1,400$883$80
36 years$4,765$3,164$2,043$1,290$800$67
37 years$4,585$3,005$1,912$1,188$725$56
38 years$4,415$2,856$1,791$1,095$657$46
39 years$4,254$2,716$1,678$1,010$596$39
40 years$4,101$2,584$1,573$931$541$32
41 years$3,957$2,460$1,475$859$490$27
42 years$3,819$2,342$1,383$793$445$22
43 years$3,689$2,232$1,298$732$404$19
44 years$3,564$2,127$1,218$676$367$16
45 years$3,446$2,029$1,144$624$333$13
46 years$3,333$1,935$1,074$577$302$11
47 years$3,225$1,847$1,009$533$274$9
48 years$3,122$1,763$949$492$249$8
49 years$3,023$1,684$892$455$226$6
50 years$2,929$1,608$838$421$206$5

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 $2,246 every year, while hoping to spend $24,333 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: 48/30/22 Blend
49$3,000,000$3,000,000$3,000,000$3,000,000
50$3,308,317$3,149,317$3,102,817$3,446,380
51$3,619,875$3,277,743$3,180,871$3,671,348
52$3,962,397$3,411,647$3,260,725$3,912,882
53$4,339,014$3,551,271$3,342,412$4,174,671
54$4,753,179$3,696,868$3,425,968$4,458,627
55$5,208,693$3,848,705$3,511,428$4,766,853
56$5,709,747$4,007,059$3,598,828$5,101,662
57$6,260,956$4,172,219$3,688,204$5,465,595
58$6,867,406$4,344,491$3,779,591$5,861,445
59$7,534,701$4,524,190$3,873,026$6,292,285
60$8,269,014$4,711,649$3,968,547$6,761,493
61$9,077,149$4,907,216$4,066,189$7,272,787
62$9,966,602$5,111,253$4,165,990$7,830,253
63$10,945,632$5,324,141$4,267,987$8,438,389
64$12,023,340$5,546,277$4,372,218$9,102,143
65$13,209,754$5,778,077$4,478,720$9,826,958
66$14,515,922$6,019,977$4,587,531$10,618,824
67$15,954,022$6,272,431$4,698,689$11,484,335
68$17,537,468$6,535,916$4,812,230$12,430,744
69$19,281,043$6,810,930$4,928,194$13,466,038
70$21,201,038$7,097,994$5,046,617$14,599,005
71$23,315,403$7,397,655$5,167,538$15,839,320
72$25,643,916$7,710,482$5,290,992$17,197,635
73$28,208,374$8,037,073$5,417,018$18,685,674
74$31,032,792$8,378,054$5,545,653$20,316,347
75$34,143,637$8,734,079$5,676,932$22,103,868
76$37,570,071$9,105,832$5,810,893$24,063,886
77$41,344,231$9,494,031$5,947,570$26,213,634
78$45,501,529$9,899,424$6,087,000$28,572,087
79$50,080,986$10,322,798$6,229,216$31,160,142
80$55,125,605$10,764,973$6,374,253$34,000,812
81$60,682,770$11,226,810$6,522,144$37,119,438
82$66,804,699$11,709,210$6,672,922$40,543,934
83$73,548,931$12,213,114$6,826,618$44,305,039
84$80,978,874$12,739,509$6,983,262$48,436,610
85$89,164,402$13,289,428$7,142,884$52,975,941
86$98,182,513$13,863,952$7,305,513$57,964,107
87$108,118,057$14,464,213$7,471,175$63,446,353
88$119,064,536$15,091,396$7,639,896$69,472,515
89$131,124,985$15,746,741$7,811,699$76,097,494
90$144,412,951$16,431,549$7,986,608$83,381,762
91$159,053,555$17,147,178$8,164,643$91,391,939
92$175,184,682$17,895,054$8,345,822$100,201,411
93$192,958,274$18,676,666$8,530,162$109,891,024
94$212,541,773$19,493,578$8,717,678$120,549,842
95$234,119,694$20,347,423$8,908,380$132,275,984
96$257,895,371$21,239,915$9,102,279$145,177,547
97$284,092,874$22,172,846$9,299,380$159,373,620
98$312,959,126$23,148,094$9,499,688$174,995,408
99$344,766,232$24,167,626$9,703,203$192,187,464
100$379,814,049$25,233,501$9,909,922$211,109,046