Can I retire at age 50 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$272,511$270,084$267,715$265,404$263,147$257,413
2 years$134,906$132,394$129,959$127,598$125,308$119,560
3 years$89,044$86,521$84,092$81,753$79,500$73,918
4 years$66,118$63,602$61,197$58,899$56,700$51,326
5 years$52,365$49,865$47,492$45,240$43,103$37,952
6 years$43,200$40,718$38,380$36,179$34,106$29,184
7 years$36,656$34,195$31,894$29,744$27,737$23,045
8 years$31,750$29,312$27,049$24,952$23,011$18,547
9 years$27,937$25,521$23,297$21,253$19,378$15,140
10 years$24,887$22,496$20,311$18,321$16,511$12,494
11 years$22,394$20,026$17,881$15,944$14,200$10,398
12 years$20,318$17,975$15,869$13,985$12,306$8,713
13 years$18,563$16,244$14,178$12,347$10,731$7,341
14 years$17,060$14,765$12,739$10,960$9,406$6,213
15 years$15,758$13,488$11,502$9,775$8,282$5,278
16 years$14,620$12,375$10,428$8,752$7,320$4,498
17 years$13,617$11,397$9,489$7,864$6,490$3,843
18 years$12,727$10,531$8,662$7,087$5,771$3,290
19 years$11,931$9,760$7,930$6,404$5,144$2,822
20 years$11,216$9,070$7,278$5,800$4,594$2,425
21 years$10,569$8,448$6,694$5,264$4,112$2,086
22 years$9,982$7,886$6,170$4,786$3,685$1,797
23 years$9,447$7,376$5,697$4,359$3,308$1,549
24 years$8,958$6,911$5,268$3,975$2,973$1,336
25 years$8,508$6,485$4,880$3,630$2,676$1,154
26 years$8,093$6,095$4,526$3,319$2,410$997
27 years$7,710$5,736$4,202$3,038$2,173$862
28 years$7,355$5,405$3,907$2,784$1,961$745
29 years$7,025$5,099$3,635$2,553$1,770$645
30 years$6,717$4,816$3,386$2,343$1,600$558
31 years$6,430$4,552$3,157$2,152$1,446$483
32 years$6,162$4,307$2,945$1,977$1,308$418
33 years$5,910$4,079$2,750$1,818$1,184$362
34 years$5,673$3,866$2,570$1,673$1,072$314
35 years$5,451$3,667$2,402$1,540$971$272
36 years$5,241$3,481$2,247$1,418$880$236
37 years$5,043$3,306$2,104$1,307$797$204
38 years$4,856$3,142$1,970$1,205$723$177
39 years$4,679$2,987$1,846$1,111$655$153
40 years$4,512$2,842$1,730$1,025$595$133
41 years$4,353$2,706$1,622$945$539$115
42 years$4,201$2,577$1,522$872$489$100
43 years$4,058$2,455$1,428$805$444$87
44 years$3,921$2,340$1,340$744$403$75
45 years$3,791$2,232$1,258$687$366$65
46 years$3,666$2,129$1,182$634$332$56
47 years$3,548$2,032$1,110$586$302$49
48 years$3,434$1,939$1,043$541$274$42
49 years$3,326$1,852$981$500$249$37
50 years$3,222$1,769$922$463$226$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,300,000, adding $5,391 every year, while hoping to spend $20,694 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: 56/36/8 Blend
49$3,300,000$3,300,000$3,300,000$3,300,000
50$3,642,161$3,467,261$3,416,111$3,839,040
51$3,991,643$3,615,138$3,508,532$4,120,334
52$4,376,079$3,769,568$3,603,356$4,423,790
53$4,799,011$3,930,850$3,700,641$4,753,795
54$5,264,345$4,099,296$3,800,448$5,112,883
55$5,776,382$4,275,235$3,902,836$5,503,838
56$6,339,862$4,459,010$4,007,870$5,929,718
57$6,960,006$4,650,980$4,115,612$6,393,888
58$7,642,570$4,851,521$4,226,128$6,900,046
59$8,393,893$5,061,027$4,339,485$7,452,260
60$9,220,963$5,279,910$4,455,750$8,055,001
61$10,131,476$5,508,601$4,574,993$8,713,190
62$11,133,917$5,747,552$4,697,285$9,432,238
63$12,237,630$5,997,237$4,822,698$10,218,098
64$13,452,917$6,258,149$4,951,306$11,077,317
65$14,791,124$6,530,808$5,083,185$12,017,103
66$16,264,758$6,815,757$5,218,411$13,045,383
67$17,887,598$7,113,564$5,357,063$14,170,884
68$19,674,829$7,424,824$5,499,220$15,403,205
69$21,643,182$7,750,161$5,644,964$16,752,917
70$23,811,095$8,090,228$5,794,379$18,231,649
71$26,198,885$8,445,707$5,947,549$19,852,206
72$28,828,939$8,817,315$6,104,560$21,628,681
73$31,725,929$9,205,802$6,265,501$23,576,590
74$34,917,040$9,611,952$6,430,461$25,713,012
75$38,432,229$10,036,588$6,599,532$28,056,753
76$42,304,507$10,480,572$6,772,807$30,628,518
77$46,570,251$10,944,804$6,950,381$33,451,106
78$51,269,548$11,430,231$7,132,350$36,549,618
79$56,446,570$11,937,841$7,318,812$39,951,696
80$62,149,996$12,468,671$7,509,868$43,687,782
81$68,433,467$13,023,807$7,705,620$47,791,396
82$75,356,093$13,604,386$7,906,171$52,299,454
83$82,983,013$14,211,599$8,111,626$57,252,614
84$91,386,007$14,846,695$8,322,092$62,695,654
85$100,644,177$15,510,980$8,537,680$68,677,891
86$110,844,689$16,205,824$8,758,498$75,253,643
87$122,083,600$16,932,662$8,984,660$82,482,741
88$134,466,762$17,692,997$9,216,281$90,431,085
89$148,110,821$18,488,403$9,453,476$99,171,265
90$163,144,320$19,320,530$9,696,362$108,783,239
91$179,708,912$20,191,107$9,945,061$119,355,086
92$197,960,693$21,101,944$10,199,693$130,983,833
93$218,071,683$22,054,938$10,460,382$143,776,361
94$240,231,442$23,052,077$10,727,252$157,850,413
95$264,648,864$24,095,444$11,000,431$173,335,701
96$291,554,149$25,187,222$11,280,046$190,375,118
97$321,200,973$26,329,696$11,566,228$209,126,088
98$353,868,884$27,525,263$11,859,108$229,762,042
99$389,865,942$28,776,433$12,158,821$252,474,049
100$429,531,627$30,085,837$12,465,500$277,472,615