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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$247,737$245,530$243,378$241,276$239,224$235,747
2 years$122,642$120,358$118,144$115,998$113,916$110,420
3 years$80,949$78,655$76,447$74,321$72,273$68,867
4 years$60,107$57,820$55,634$53,544$51,546$48,256
5 years$47,605$45,332$43,174$41,127$39,184$36,020
6 years$39,273$37,017$34,891$32,890$31,005$27,970
7 years$33,324$31,087$28,995$27,040$25,216$22,311
8 years$28,864$26,647$24,590$22,684$20,919$18,144
9 years$25,397$23,201$21,179$19,321$17,617$14,971
10 years$22,625$20,450$18,465$16,655$15,010$12,492
11 years$20,359$18,206$16,256$14,495$12,909$10,515
12 years$18,471$16,341$14,427$12,714$11,187$8,914
13 years$16,875$14,767$12,889$11,225$9,755$7,600
14 years$15,509$13,423$11,581$9,964$8,551$6,511
15 years$14,326$12,262$10,456$8,886$7,529$5,601
16 years$13,291$11,250$9,480$7,957$6,654$4,833
17 years$12,379$10,361$8,626$7,149$5,900$4,183
18 years$11,570$9,574$7,875$6,443$5,246$3,629
19 years$10,846$8,873$7,209$5,821$4,676$3,154
20 years$10,196$8,245$6,616$5,272$4,177$2,747
21 years$9,608$7,680$6,086$4,785$3,738$2,395
22 years$9,075$7,169$5,609$4,351$3,350$2,092
23 years$8,589$6,705$5,179$3,962$3,007$1,829
24 years$8,143$6,282$4,789$3,614$2,703$1,600
25 years$7,734$5,896$4,436$3,300$2,432$1,402
26 years$7,358$5,541$4,114$3,018$2,191$1,228
27 years$7,009$5,215$3,820$2,762$1,975$1,077
28 years$6,686$4,914$3,551$2,531$1,782$945
29 years$6,386$4,636$3,305$2,321$1,610$830
30 years$6,107$4,378$3,078$2,130$1,454$729
31 years$5,846$4,139$2,870$1,956$1,315$641
32 years$5,601$3,916$2,678$1,798$1,189$563
33 years$5,373$3,708$2,500$1,653$1,076$495
34 years$5,158$3,515$2,336$1,521$975$435
35 years$4,955$3,334$2,184$1,400$883$383
36 years$4,765$3,164$2,043$1,290$800$337
37 years$4,585$3,005$1,912$1,188$725$296
38 years$4,415$2,856$1,791$1,095$657$261
39 years$4,254$2,716$1,678$1,010$596$230
40 years$4,101$2,584$1,573$931$541$202
41 years$3,957$2,460$1,475$859$490$178
42 years$3,819$2,342$1,383$793$445$157
43 years$3,689$2,232$1,298$732$404$138
44 years$3,564$2,127$1,218$676$367$122
45 years$3,446$2,029$1,144$624$333$107
46 years$3,333$1,935$1,074$577$302$94
47 years$3,225$1,847$1,009$533$274$83
48 years$3,122$1,763$949$492$249$73
49 years$3,023$1,684$892$455$226$64
50 years$2,929$1,608$838$421$206$57

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 $2,943 every year, while hoping to spend $32,617 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: 42/49/9 Blend
49$3,000,000$3,000,000$3,000,000$3,000,000
50$3,309,036$3,150,036$3,103,536$3,439,167
51$3,611,853$3,269,683$3,172,800$3,649,903
52$3,944,465$3,394,100$3,243,291$3,874,433
53$4,309,875$3,523,486$3,315,017$4,116,816
54$4,711,394$3,658,049$3,387,981$4,378,689
55$5,152,668$3,798,005$3,462,191$4,661,854
56$5,637,715$3,943,582$3,537,649$4,968,286
57$6,170,960$4,095,015$3,614,358$5,300,156
58$6,757,279$4,252,552$3,692,320$5,659,847
59$7,402,044$4,416,450$3,771,536$6,049,979
60$8,111,175$4,586,978$3,852,004$6,473,428
61$8,891,191$4,764,417$3,933,723$6,933,358
62$9,749,279$4,949,059$4,016,689$7,433,245
63$10,693,354$5,141,212$4,100,896$7,976,909
64$11,732,138$5,341,193$4,186,338$8,568,551
65$12,875,242$5,549,338$4,273,007$9,212,789
66$14,133,256$5,765,994$4,360,891$9,914,704
67$15,517,846$5,991,526$4,449,979$10,679,881
68$17,041,869$6,226,313$4,540,256$11,514,466
69$18,719,490$6,470,753$4,631,705$12,425,216
70$20,566,317$6,725,260$4,724,307$13,419,567
71$22,599,551$6,990,267$4,818,040$14,505,702
72$24,838,142$7,266,226$4,912,881$15,692,621
73$27,302,972$7,553,611$5,008,802$16,990,230
74$30,017,052$7,852,915$5,105,774$18,409,431
75$33,005,737$8,164,654$5,203,764$19,962,221
76$36,296,967$8,489,366$5,302,734$21,661,806
77$39,921,529$8,827,617$5,402,647$23,522,721
78$43,913,348$9,179,992$5,503,458$25,560,967
79$48,309,806$9,547,109$5,605,121$27,794,159
80$53,152,098$9,929,609$5,707,585$30,241,687
81$58,485,617$10,328,165$5,810,794$32,924,902
82$64,360,383$10,743,478$5,914,688$35,867,311
83$70,831,515$11,176,282$6,019,204$39,094,797
84$77,959,754$11,627,344$6,124,272$42,635,860
85$85,812,032$12,097,466$6,229,817$46,521,886
86$94,462,103$12,587,487$6,335,760$50,787,434
87$103,991,245$13,098,281$6,442,016$55,470,565
88$114,489,021$13,630,766$6,548,492$60,613,195
89$126,054,126$14,185,898$6,655,092$66,261,488
90$138,795,320$14,764,679$6,761,710$72,466,286
91$152,832,450$15,368,157$6,868,235$79,283,590
92$168,297,589$15,997,425$6,974,549$86,775,077
93$185,336,272$16,653,628$7,080,526$95,008,687
94$204,108,880$17,337,964$7,186,032$104,059,250
95$224,792,145$18,051,684$7,290,924$114,009,199
96$247,580,825$18,796,097$7,395,050$124,949,331
97$272,689,536$19,572,573$7,498,251$136,979,671
98$300,354,783$20,382,543$7,600,357$150,210,402
99$330,837,189$21,227,506$7,701,187$164,762,905
100$364,423,956$22,109,027$7,800,550$180,770,896