Can I retire at age 50 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$264,253$261,899$259,603$257,361$255,172$250,020
2 years$130,818$128,382$126,021$123,731$121,511$116,343
3 years$86,346$83,899$81,544$79,276$77,091$72,069
4 years$64,114$61,675$59,343$57,114$54,982$50,143
5 years$50,778$48,354$46,053$43,869$41,797$37,155
6 years$41,891$39,484$37,217$35,082$33,072$28,634
7 years$35,545$33,159$30,928$28,843$26,897$22,662
8 years$30,788$28,423$26,229$24,196$22,313$18,281
9 years$27,090$24,748$22,591$20,609$18,791$14,958
10 years$24,133$21,814$19,696$17,766$16,011$12,374
11 years$21,716$19,420$17,340$15,461$13,770$10,325
12 years$19,703$17,430$15,388$13,562$11,933$8,674
13 years$18,000$15,752$13,749$11,973$10,406$7,328
14 years$16,543$14,318$12,353$10,628$9,121$6,219
15 years$15,281$13,080$11,153$9,478$8,031$5,298
16 years$14,177$12,000$10,112$8,487$7,098$4,527
17 years$13,205$11,052$9,202$7,625$6,294$3,879
18 years$12,341$10,212$8,400$6,872$5,596$3,331
19 years$11,569$9,465$7,690$6,210$4,988$2,866
20 years$10,876$8,795$7,057$5,624$4,455$2,470
21 years$10,249$8,192$6,491$5,104$3,987$2,131
22 years$9,680$7,647$5,983$4,641$3,574$1,841
23 years$9,161$7,152$5,524$4,226$3,208$1,592
24 years$8,686$6,701$5,109$3,855$2,883$1,378
25 years$8,250$6,289$4,732$3,520$2,595$1,194
26 years$7,848$5,910$4,388$3,219$2,337$1,035
27 years$7,477$5,562$4,075$2,946$2,107$897
28 years$7,132$5,241$3,788$2,699$1,901$778
29 years$6,812$4,945$3,525$2,475$1,717$676
30 years$6,514$4,670$3,284$2,272$1,551$587
31 years$6,235$4,414$3,061$2,087$1,402$509
32 years$5,975$4,177$2,856$1,918$1,269$443
33 years$5,731$3,956$2,667$1,763$1,148$385
34 years$5,501$3,749$2,492$1,622$1,039$334
35 years$5,286$3,556$2,330$1,494$942$291
36 years$5,082$3,375$2,179$1,376$853$253
37 years$4,890$3,206$2,040$1,267$773$220
38 years$4,709$3,046$1,910$1,168$701$191
39 years$4,538$2,897$1,790$1,077$636$166
40 years$4,375$2,756$1,677$993$577$145
41 years$4,221$2,624$1,573$917$523$126
42 years$4,074$2,499$1,475$846$475$109
43 years$3,935$2,381$1,384$781$431$95
44 years$3,802$2,269$1,300$721$391$83
45 years$3,676$2,164$1,220$666$355$72
46 years$3,555$2,064$1,146$615$322$63
47 years$3,440$1,970$1,077$568$293$55
48 years$3,330$1,881$1,012$525$266$47
49 years$3,225$1,796$951$485$241$41
50 years$3,124$1,715$894$449$219$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,200,000, adding $5,618 every year, while hoping to spend $41,111 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: 68/22/10 Blend
49$3,200,000$3,200,000$3,200,000$3,200,000
50$3,532,195$3,362,595$3,312,995$3,764,819
51$3,848,737$3,483,620$3,380,239$4,041,039
52$4,196,189$3,609,198$3,448,357$4,337,541
53$4,577,659$3,739,508$3,517,336$4,660,720
54$4,996,573$3,874,737$3,587,160$5,013,185
55$5,456,704$4,015,080$3,657,810$5,397,805
56$5,962,209$4,160,740$3,729,268$5,817,741
57$6,517,667$4,311,928$3,801,510$6,276,470
58$7,128,121$4,468,865$3,874,513$6,777,822
59$7,799,130$4,631,779$3,948,250$7,326,010
60$8,536,815$4,800,911$4,022,691$7,925,675
61$9,347,923$4,976,509$4,097,804$8,581,926
62$10,239,886$5,158,832$4,173,554$9,300,390
63$11,220,890$5,348,150$4,249,904$10,087,259
64$12,299,958$5,544,747$4,326,813$10,949,355
65$13,487,028$5,748,914$4,404,236$11,894,189
66$14,793,053$5,960,959$4,482,126$12,930,035
67$16,230,098$6,181,199$4,560,431$14,066,002
68$17,811,459$6,409,969$4,639,096$15,312,125
69$19,551,783$6,647,613$4,718,062$16,679,455
70$21,467,214$6,894,494$4,797,265$18,180,163
71$23,575,534$7,150,989$4,876,638$19,827,658
72$25,896,340$7,417,490$4,956,107$21,636,708
73$28,451,226$7,694,406$5,035,596$23,623,580
74$31,263,985$7,982,165$5,115,022$25,806,194
75$34,360,833$8,281,213$5,194,297$28,204,290
76$37,770,659$8,592,014$5,273,327$30,839,614
77$41,525,295$8,915,051$5,352,013$33,736,121
78$45,659,819$9,250,832$5,430,248$36,920,202
79$50,212,880$9,599,883$5,507,921$40,420,931
80$55,227,070$9,962,753$5,584,913$44,270,339
81$60,749,321$10,340,017$5,661,097$48,503,714
82$66,831,347$10,732,274$5,736,339$53,159,935
83$73,530,136$11,140,147$5,810,498$58,281,833
84$80,908,485$11,564,289$5,883,425$63,916,603
85$89,035,590$12,005,379$5,954,960$70,116,239
86$97,987,706$12,464,128$6,024,936$76,938,029
87$107,848,857$12,941,276$6,093,177$84,445,091
88$118,711,638$13,437,596$6,159,495$92,706,970
89$130,678,081$13,953,894$6,223,695$101,800,293
90$143,860,624$14,491,014$6,285,567$111,809,488
91$158,383,168$15,049,834$6,344,894$122,827,583
92$174,382,248$15,631,272$6,401,445$134,957,080
93$192,008,319$16,236,286$6,454,975$148,310,921
94$211,427,181$16,865,878$6,505,230$163,013,553
95$232,821,538$17,521,090$6,551,940$179,202,102
96$256,392,726$18,203,015$6,594,821$197,027,665
97$282,362,612$18,912,791$6,633,576$216,656,730
98$310,975,688$19,651,607$6,667,890$238,272,755
99$342,501,379$20,420,707$6,697,435$262,077,887
100$377,236,585$21,221,386$6,721,864$288,294,876