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%14.3%
1 years$247,737$245,530$243,378$241,276$239,224$234,971
2 years$122,642$120,358$118,144$115,998$113,916$109,646
3 years$80,949$78,655$76,447$74,321$72,273$68,118
4 years$60,107$57,820$55,634$53,544$51,546$47,539
5 years$47,605$45,332$43,174$41,127$39,184$35,337
6 years$39,273$37,017$34,891$32,890$31,005$27,321
7 years$33,324$31,087$28,995$27,040$25,216$21,696
8 years$28,864$26,647$24,590$22,684$20,919$17,563
9 years$25,397$23,201$21,179$19,321$17,617$14,422
10 years$22,625$20,450$18,465$16,655$15,010$11,975
11 years$20,359$18,206$16,256$14,495$12,909$10,030
12 years$18,471$16,341$14,427$12,714$11,187$8,459
13 years$16,875$14,767$12,889$11,225$9,755$7,175
14 years$15,509$13,423$11,581$9,964$8,551$6,114
15 years$14,326$12,262$10,456$8,886$7,529$5,230
16 years$13,291$11,250$9,480$7,957$6,654$4,488
17 years$12,379$10,361$8,626$7,149$5,900$3,862
18 years$11,570$9,574$7,875$6,443$5,246$3,331
19 years$10,846$8,873$7,209$5,821$4,676$2,879
20 years$10,196$8,245$6,616$5,272$4,177$2,492
21 years$9,608$7,680$6,086$4,785$3,738$2,160
22 years$9,075$7,169$5,609$4,351$3,350$1,875
23 years$8,589$6,705$5,179$3,962$3,007$1,629
24 years$8,143$6,282$4,789$3,614$2,703$1,416
25 years$7,734$5,896$4,436$3,300$2,432$1,233
26 years$7,358$5,541$4,114$3,018$2,191$1,074
27 years$7,009$5,215$3,820$2,762$1,975$935
28 years$6,686$4,914$3,551$2,531$1,782$816
29 years$6,386$4,636$3,305$2,321$1,610$711
30 years$6,107$4,378$3,078$2,130$1,454$621
31 years$5,846$4,139$2,870$1,956$1,315$542
32 years$5,601$3,916$2,678$1,798$1,189$473
33 years$5,373$3,708$2,500$1,653$1,076$413
34 years$5,158$3,515$2,336$1,521$975$361
35 years$4,955$3,334$2,184$1,400$883$315
36 years$4,765$3,164$2,043$1,290$800$276
37 years$4,585$3,005$1,912$1,188$725$241
38 years$4,415$2,856$1,791$1,095$657$211
39 years$4,254$2,716$1,678$1,010$596$184
40 years$4,101$2,584$1,573$931$541$161
41 years$3,957$2,460$1,475$859$490$141
42 years$3,819$2,342$1,383$793$445$123
43 years$3,689$2,232$1,298$732$404$108
44 years$3,564$2,127$1,218$676$367$94
45 years$3,446$2,029$1,144$624$333$82
46 years$3,333$1,935$1,074$577$302$72
47 years$3,225$1,847$1,009$533$274$63
48 years$3,122$1,763$949$492$249$55
49 years$3,023$1,684$892$455$226$48
50 years$2,929$1,608$838$421$206$42

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 $3,717 every year, while hoping to spend $37,332 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: 64/7/29 Blend
49$3,000,000$3,000,000$3,000,000$3,000,000
50$3,309,834$3,150,834$3,104,334$3,495,840
51$3,607,716$3,265,504$3,168,608$3,737,031
52$3,934,731$3,384,542$3,233,785$3,996,041
53$4,293,811$3,508,121$3,299,854$4,278,270
54$4,688,186$3,636,425$3,366,805$4,586,007
55$5,121,413$3,769,643$3,434,625$4,921,770
56$5,597,414$3,907,971$3,503,301$5,288,336
57$6,120,505$4,051,617$3,572,817$5,688,759
58$6,695,444$4,200,794$3,643,155$6,126,406
59$7,327,473$4,355,727$3,714,294$6,604,983
60$8,022,365$4,516,647$3,786,212$7,128,574
61$8,786,482$4,683,799$3,858,886$7,701,676
62$9,626,833$4,857,435$3,932,289$8,329,242
63$10,551,140$5,037,819$4,006,390$9,016,730
64$11,567,911$5,225,226$4,081,159$9,770,151
65$12,686,520$5,419,944$4,156,559$10,596,127
66$13,917,295$5,622,272$4,232,554$11,501,954
67$15,271,617$5,832,521$4,309,103$12,495,667
68$16,762,025$6,051,018$4,386,161$13,586,123
69$18,402,334$6,278,100$4,463,680$14,783,075
70$20,207,769$6,514,124$4,541,610$16,097,271
71$22,195,102$6,759,457$4,619,895$17,540,552
72$24,382,817$7,014,484$4,698,475$19,125,965
73$26,791,278$7,279,608$4,777,289$20,867,883
74$29,442,928$7,555,248$4,856,267$22,782,143
75$32,362,492$7,841,841$4,935,337$24,886,197
76$35,577,218$8,139,843$5,014,423$27,199,271
77$39,117,129$8,449,730$5,093,441$29,742,550
78$43,015,308$8,771,999$5,172,304$32,539,378
79$47,308,212$9,107,169$5,250,918$35,615,477
80$52,036,009$9,455,780$5,329,183$38,999,188
81$57,242,967$9,818,398$5,406,995$42,721,741
82$62,977,861$10,195,611$5,484,242$46,817,547
83$69,294,442$10,588,036$5,560,803$51,324,524
84$76,251,939$10,996,313$5,636,554$56,284,456
85$83,915,619$11,421,115$5,711,360$61,743,383
86$92,357,403$11,863,140$5,785,081$67,752,039
87$101,656,543$12,323,119$5,857,567$74,366,328
88$111,900,375$12,801,816$5,928,660$81,647,856
89$123,185,136$13,300,028$5,998,193$89,664,505
90$135,616,876$13,818,586$6,065,989$98,491,079
91$149,312,460$14,358,359$6,131,862$108,210,008
92$164,400,668$14,920,255$6,195,616$118,912,126
93$181,023,410$15,505,221$6,257,043$130,697,528
94$199,337,069$16,114,248$6,315,925$143,676,515
95$219,513,973$16,748,369$6,372,031$157,970,634
96$241,744,023$17,408,665$6,425,120$173,713,825
97$266,236,488$18,096,264$6,474,935$191,053,687
98$293,221,972$18,812,343$6,521,208$210,152,869
99$322,954,601$19,558,136$6,563,656$231,190,605
100$355,714,414$20,334,928$6,601,982$254,364,407