Can I retire at age 50 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$280,769$278,268$275,828$273,446$271,121$265,430
2 years$138,994$136,406$133,897$131,465$129,105$123,398
3 years$91,743$89,143$86,640$84,231$81,910$76,365
4 years$68,121$65,529$63,052$60,683$58,419$53,079
5 years$53,952$51,376$48,931$46,611$44,409$39,289
6 years$44,509$41,952$39,543$37,275$35,139$30,245
7 years$37,767$35,231$32,861$30,646$28,578$23,910
8 years$32,712$30,200$27,869$25,708$23,708$19,266
9 years$28,783$26,294$24,003$21,897$19,965$15,745
10 years$25,642$23,177$20,926$18,876$17,012$13,009
11 years$23,073$20,633$18,423$16,428$14,631$10,841
12 years$20,934$18,519$16,350$14,409$12,679$9,096
13 years$19,126$16,736$14,608$12,721$11,056$7,674
14 years$17,577$15,213$13,125$11,292$9,692$6,504
15 years$16,236$13,897$11,850$10,071$8,533$5,533
16 years$15,063$12,750$10,744$9,017$7,542$4,722
17 years$14,030$11,742$9,777$8,102$6,687$4,040
18 years$13,112$10,851$8,925$7,302$5,946$3,464
19 years$12,293$10,056$8,170$6,598$5,300$2,976
20 years$11,556$9,345$7,498$5,975$4,734$2,560
21 years$10,890$8,704$6,897$5,423$4,236$2,206
22 years$10,285$8,125$6,357$4,931$3,797$1,903
23 years$9,734$7,599$5,869$4,491$3,408$1,643
24 years$9,229$7,120$5,428$4,096$3,064$1,420
25 years$8,766$6,682$5,027$3,740$2,757$1,228
26 years$8,339$6,280$4,663$3,420$2,483$1,063
27 years$7,944$5,910$4,330$3,130$2,239$920
28 years$7,578$5,569$4,025$2,868$2,020$797
29 years$7,238$5,254$3,746$2,630$1,824$690
30 years$6,921$4,962$3,489$2,414$1,648$599
31 years$6,625$4,690$3,253$2,217$1,490$519
32 years$6,348$4,438$3,035$2,037$1,348$450
33 years$6,089$4,203$2,834$1,874$1,220$391
34 years$5,845$3,983$2,648$1,724$1,104$339
35 years$5,616$3,778$2,475$1,587$1,000$294
36 years$5,400$3,586$2,316$1,461$906$255
37 years$5,196$3,406$2,167$1,347$821$222
38 years$5,003$3,237$2,030$1,241$745$192
39 years$4,821$3,078$1,901$1,144$675$167
40 years$4,648$2,928$1,782$1,056$613$145
41 years$4,484$2,788$1,671$974$556$126
42 years$4,329$2,655$1,568$899$504$109
43 years$4,181$2,529$1,471$830$458$95
44 years$4,040$2,411$1,381$766$415$83
45 years$3,905$2,299$1,297$707$377$72
46 years$3,777$2,193$1,218$654$342$62
47 years$3,655$2,093$1,144$604$311$54
48 years$3,538$1,998$1,075$558$282$47
49 years$3,426$1,908$1,011$516$256$41
50 years$3,320$1,823$950$477$233$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,400,000, adding $3,000 every year, while hoping to spend $56,844 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: 64/21/15 Blend
49$3,400,000$3,400,000$3,400,000$3,400,000
50$3,749,895$3,569,695$3,516,995$3,976,066
51$4,071,902$3,684,128$3,574,332$4,242,393
52$4,424,849$3,802,263$3,631,686$4,526,389
53$4,811,832$3,924,222$3,688,995$4,835,229
54$5,236,260$4,050,130$3,746,197$5,171,337
55$5,701,889$4,180,117$3,803,225$5,537,379
56$6,212,854$4,314,316$3,860,006$5,936,292
57$6,773,714$4,452,866$3,916,465$6,371,308
58$7,389,487$4,595,910$3,972,520$6,845,987
59$8,065,701$4,743,596$4,028,086$7,364,246
60$8,808,447$4,896,077$4,083,072$7,930,401
61$9,624,435$5,053,511$4,137,381$8,549,204
62$10,521,056$5,216,062$4,190,912$9,225,889
63$11,506,452$5,383,897$4,243,556$9,966,219
64$12,589,595$5,557,193$4,295,200$10,776,542
65$13,780,367$5,736,128$4,345,722$11,663,849
66$15,089,656$5,920,891$4,394,996$12,635,842
67$16,529,460$6,111,673$4,442,887$13,701,003
68$18,112,994$6,308,674$4,489,253$14,868,675
69$19,854,821$6,512,101$4,533,944$16,149,152
70$21,770,984$6,722,165$4,576,803$17,553,772
71$23,879,162$6,939,089$4,617,664$19,095,025
72$26,198,832$7,163,099$4,656,350$20,786,671
73$28,751,453$7,394,432$4,692,679$22,643,871
74$31,560,673$7,633,331$4,726,455$24,683,324
75$34,652,545$7,880,047$4,757,475$26,923,431
76$38,055,778$8,134,843$4,785,523$29,384,464
77$41,802,003$8,397,986$4,810,375$32,088,755
78$45,926,077$8,669,757$4,831,791$35,060,914
79$50,466,404$8,950,442$4,849,524$38,328,052
80$55,465,305$9,240,341$4,863,310$41,920,042
81$60,969,410$9,539,762$4,872,876$45,869,797
82$67,030,104$9,849,024$4,877,931$50,213,583
83$73,704,005$10,168,457$4,878,172$54,991,359
84$81,053,504$10,498,402$4,873,281$60,247,154
85$89,147,351$10,839,213$4,862,925$66,029,481
86$98,061,301$11,191,255$4,846,754$72,391,797
87$107,878,833$11,554,906$4,824,399$79,393,004
88$118,691,935$11,930,557$4,795,477$87,098,005
89$130,601,971$12,318,613$4,759,585$95,578,320
90$143,720,639$12,719,492$4,716,298$104,912,753
91$158,171,026$13,133,629$4,665,176$115,188,141
92$174,088,765$13,561,471$4,605,753$126,500,172
93$191,623,319$14,003,483$4,537,546$138,954,287
94$210,939,388$14,460,144$4,460,044$152,666,672
95$232,218,467$14,931,953$4,372,717$167,765,360
96$255,660,554$15,419,422$4,275,007$184,391,434
97$281,486,043$15,923,086$4,166,332$202,700,359
98$309,937,796$16,443,494$4,046,081$222,863,451
99$341,283,444$16,981,219$3,913,618$245,069,489
100$375,817,907$17,536,849$3,768,275$269,526,503