Can I retire at age 50 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$255,995$253,715$251,490$249,319$247,198$238,998
2 years$126,730$124,370$122,083$119,865$117,714$109,532
3 years$83,648$81,277$78,996$76,799$74,682$66,776
4 years$62,110$59,747$57,489$55,329$53,264$45,693
5 years$49,192$46,843$44,613$42,498$40,490$33,275
6 years$40,582$38,251$36,054$33,986$32,039$25,185
7 years$34,434$32,123$29,961$27,942$26,056$19,563
8 years$29,826$27,535$25,410$23,440$21,616$15,479
9 years$26,243$23,974$21,885$19,965$18,204$12,415
10 years$23,379$21,132$19,080$17,210$15,511$10,061
11 years$21,037$18,813$16,798$14,978$13,340$8,219
12 years$19,087$16,885$14,908$13,138$11,560$6,757
13 years$17,438$15,259$13,319$11,599$10,080$5,583
14 years$16,026$13,870$11,967$10,296$8,836$4,632
15 years$14,803$12,671$10,805$9,182$7,780$3,856
16 years$13,734$11,625$9,796$8,222$6,876$3,218
17 years$12,792$10,706$8,914$7,387$6,097$2,692
18 years$11,956$9,893$8,137$6,657$5,421$2,256
19 years$11,208$9,169$7,449$6,015$4,832$1,893
20 years$10,536$8,520$6,837$5,448$4,316$1,591
21 years$9,929$7,936$6,288$4,945$3,862$1,339
22 years$9,377$7,408$5,796$4,496$3,462$1,127
23 years$8,875$6,929$5,351$4,094$3,108$950
24 years$8,415$6,492$4,949$3,734$2,793$801
25 years$7,992$6,092$4,584$3,410$2,514$676
26 years$7,603$5,726$4,251$3,118$2,264$570
27 years$7,243$5,389$3,948$2,854$2,041$481
28 years$6,909$5,078$3,670$2,615$1,842$407
29 years$6,599$4,790$3,415$2,398$1,663$344
30 years$6,310$4,524$3,181$2,201$1,503$290
31 years$6,041$4,276$2,966$2,021$1,359$245
32 years$5,788$4,046$2,767$1,858$1,229$207
33 years$5,552$3,832$2,584$1,708$1,112$175
34 years$5,329$3,632$2,414$1,572$1,007$148
35 years$5,120$3,445$2,257$1,447$912$125
36 years$4,924$3,270$2,111$1,333$826$106
37 years$4,738$3,105$1,976$1,228$749$90
38 years$4,562$2,951$1,850$1,132$679$76
39 years$4,396$2,806$1,734$1,043$616$64
40 years$4,238$2,670$1,625$962$559$54
41 years$4,089$2,542$1,524$888$507$46
42 years$3,947$2,420$1,429$819$460$39
43 years$3,812$2,306$1,341$756$417$33
44 years$3,683$2,198$1,259$698$379$28
45 years$3,561$2,096$1,182$645$344$23
46 years$3,444$2,000$1,110$596$312$20
47 years$3,333$1,908$1,043$550$283$17
48 years$3,226$1,822$980$509$257$14
49 years$3,124$1,740$921$470$234$12
50 years$3,027$1,662$866$435$212$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,100,000, adding $6,217 every year, while hoping to spend $52,912 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: 71/14/15 Blend
49$3,100,000$3,100,000$3,100,000$3,100,000
50$3,422,613$3,258,313$3,210,263$3,653,567
51$3,715,421$3,361,672$3,261,509$3,911,077
52$4,036,323$3,468,323$3,312,698$4,185,904
53$4,388,127$3,578,370$3,363,773$4,485,397
54$4,773,929$3,691,923$3,414,672$4,811,982
55$5,197,136$3,809,093$3,465,329$5,168,332
56$5,661,502$3,929,997$3,515,676$5,557,392
57$6,171,163$4,054,755$3,565,639$5,982,403
58$6,730,674$4,183,490$3,615,140$6,446,935
59$7,345,051$4,316,329$3,664,096$6,954,920
60$8,019,821$4,453,405$3,712,418$7,510,688
61$8,761,074$4,594,853$3,760,015$8,119,008
62$9,575,517$4,740,813$3,806,789$8,785,135
63$10,470,538$4,891,432$3,852,635$9,514,855
64$11,454,279$5,046,857$3,897,444$10,314,543
65$12,535,707$5,207,245$3,941,100$11,191,219
66$13,724,703$5,372,754$3,983,480$12,152,621
67$15,032,153$5,543,549$4,024,457$13,207,270
68$16,470,049$5,719,800$4,063,894$14,364,552
69$18,051,607$5,901,683$4,101,647$15,634,812
70$19,791,385$6,089,379$4,137,566$17,029,443
71$21,705,423$6,283,076$4,171,491$18,561,000
72$23,811,395$6,482,965$4,203,255$20,243,313
73$26,128,775$6,689,249$4,232,682$22,091,621
74$28,679,019$6,902,131$4,259,586$24,122,714
75$31,485,770$7,121,826$4,283,772$26,355,090
76$34,575,075$7,348,552$4,305,036$28,809,133
77$37,975,640$7,582,538$4,323,161$31,507,300
78$41,719,089$7,824,017$4,337,922$34,474,336
79$45,840,274$8,073,231$4,349,079$37,737,508
80$50,377,593$8,330,431$4,356,385$41,326,859
81$55,373,360$8,595,874$4,359,576$45,275,492
82$60,874,198$8,869,827$4,358,377$49,619,884
83$66,931,484$9,152,566$4,352,500$54,400,228
84$73,601,828$9,444,375$4,341,642$59,660,814
85$80,947,613$9,745,548$4,325,485$65,450,445
86$89,037,577$10,056,387$4,303,697$71,822,896
87$97,947,467$10,377,207$4,275,927$78,837,425
88$107,760,749$10,708,331$4,241,811$86,559,330
89$118,569,399$11,050,093$4,200,966$95,060,564
90$130,474,769$11,402,838$4,152,989$104,420,415
91$143,588,542$11,766,924$4,097,461$114,726,256
92$158,033,788$12,142,718$4,033,941$126,074,365
93$173,946,125$12,530,602$3,961,968$138,570,835
94$191,474,996$12,930,967$3,881,061$152,332,580
95$210,785,082$13,344,222$3,790,713$167,488,429
96$232,057,856$13,770,784$3,690,397$184,180,352
97$255,493,293$14,211,088$3,579,561$202,564,790
98$281,311,758$14,665,581$3,457,626$222,814,141
99$309,756,089$15,134,726$3,323,988$245,118,378
100$341,093,883$15,619,001$3,178,015$269,686,848