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

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$280,769$278,268$275,828$273,446$271,121$268,849
2 years$138,994$136,406$133,897$131,465$129,105$126,816
3 years$91,743$89,143$86,640$84,231$81,910$79,673
4 years$68,121$65,529$63,052$60,683$58,419$56,252
5 years$53,952$51,376$48,931$46,611$44,409$42,319
6 years$44,509$41,952$39,543$37,275$35,139$33,129
7 years$37,767$35,231$32,861$30,646$28,578$26,648
8 years$32,712$30,200$27,869$25,708$23,708$21,858
9 years$28,783$26,294$24,003$21,897$19,965$18,195
10 years$25,642$23,177$20,926$18,876$17,012$15,320
11 years$23,073$20,633$18,423$16,428$14,631$13,016
12 years$20,934$18,519$16,350$14,409$12,679$11,140
13 years$19,126$16,736$14,608$12,721$11,056$9,592
14 years$17,577$15,213$13,125$11,292$9,692$8,300
15 years$16,236$13,897$11,850$10,071$8,533$7,212
16 years$15,063$12,750$10,744$9,017$7,542$6,288
17 years$14,030$11,742$9,777$8,102$6,687$5,500
18 years$13,112$10,851$8,925$7,302$5,946$4,822
19 years$12,293$10,056$8,170$6,598$5,300$4,238
20 years$11,556$9,345$7,498$5,975$4,734$3,731
21 years$10,890$8,704$6,897$5,423$4,236$3,291
22 years$10,285$8,125$6,357$4,931$3,797$2,906
23 years$9,734$7,599$5,869$4,491$3,408$2,570
24 years$9,229$7,120$5,428$4,096$3,064$2,275
25 years$8,766$6,682$5,027$3,740$2,757$2,016
26 years$8,339$6,280$4,663$3,420$2,483$1,788
27 years$7,944$5,910$4,330$3,130$2,239$1,587
28 years$7,578$5,569$4,025$2,868$2,020$1,410
29 years$7,238$5,254$3,746$2,630$1,824$1,253
30 years$6,921$4,962$3,489$2,414$1,648$1,114
31 years$6,625$4,690$3,253$2,217$1,490$991
32 years$6,348$4,438$3,035$2,037$1,348$882
33 years$6,089$4,203$2,834$1,874$1,220$785
34 years$5,845$3,983$2,648$1,724$1,104$699
35 years$5,616$3,778$2,475$1,587$1,000$623
36 years$5,400$3,586$2,316$1,461$906$555
37 years$5,196$3,406$2,167$1,347$821$495
38 years$5,003$3,237$2,030$1,241$745$441
39 years$4,821$3,078$1,901$1,144$675$393
40 years$4,648$2,928$1,782$1,056$613$350
41 years$4,484$2,788$1,671$974$556$313
42 years$4,329$2,655$1,568$899$504$279
43 years$4,181$2,529$1,471$830$458$249
44 years$4,040$2,411$1,381$766$415$222
45 years$3,905$2,299$1,297$707$377$198
46 years$3,777$2,193$1,218$654$342$177
47 years$3,655$2,093$1,144$604$311$158
48 years$3,538$1,998$1,075$558$282$141
49 years$3,426$1,908$1,011$516$256$126
50 years$3,320$1,823$950$477$233$112

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 $6,941 every year, while hoping to spend $46,490 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: 51/34/15 Blend
49$3,400,000$3,400,000$3,400,000$3,400,000
50$3,753,960$3,573,760$3,521,060$3,929,742
51$4,087,399$3,699,409$3,589,550$4,176,747
52$4,453,290$3,829,657$3,658,777$4,439,686
53$4,854,895$3,964,680$3,728,716$4,724,514
54$5,295,806$4,104,661$3,799,339$5,033,311
55$5,779,980$4,249,791$3,870,619$5,368,365
56$6,311,776$4,400,268$3,942,522$5,732,191
57$6,895,995$4,556,300$4,015,015$6,127,556
58$7,537,928$4,718,100$4,088,059$6,557,505
59$8,243,402$4,885,892$4,161,615$7,025,386
60$9,018,838$5,059,909$4,235,638$7,534,884
61$9,871,308$5,240,393$4,310,080$8,090,053
62$10,808,606$5,427,597$4,384,892$8,695,355
63$11,839,316$5,621,781$4,460,018$9,355,701
64$12,972,898$5,823,220$4,535,400$10,076,494
65$14,219,773$6,032,198$4,610,976$10,863,685
66$15,591,424$6,249,010$4,686,678$11,723,822
67$17,100,503$6,473,965$4,762,435$12,664,114
68$18,760,948$6,707,383$4,838,171$13,692,498
69$20,588,119$6,949,599$4,913,804$14,817,712
70$22,598,938$7,200,960$4,989,247$16,049,380
71$24,812,052$7,461,830$5,064,409$17,398,095
72$27,248,006$7,732,584$5,139,192$18,875,524
73$29,929,439$8,013,617$5,213,491$20,494,515
74$32,881,296$8,305,338$5,287,197$22,269,216
75$36,131,062$8,608,174$5,360,192$24,215,209
76$39,709,024$8,922,568$5,432,352$26,349,656
77$43,648,555$9,248,985$5,503,547$28,691,457
78$47,986,429$9,587,906$5,573,636$31,261,431
79$52,763,165$9,939,834$5,642,474$34,082,508
80$58,023,416$10,305,294$5,709,905$37,179,946
81$63,816,382$10,684,831$5,775,764$40,581,567
82$70,196,280$11,079,014$5,839,879$44,318,017
83$77,222,852$11,488,438$5,902,066$48,423,057
84$84,961,931$11,913,719$5,962,134$52,933,877
85$93,486,060$12,355,503$6,019,877$57,891,446
86$102,875,177$12,814,462$6,075,082$63,340,898
87$113,217,371$13,291,296$6,127,523$69,331,955
88$124,609,710$13,786,737$6,176,962$75,919,396
89$137,159,158$14,301,545$6,223,149$83,163,570
90$150,983,587$14,836,516$6,265,819$91,130,967
91$166,212,885$15,392,477$6,304,696$99,894,838
92$182,990,184$15,970,293$6,339,488$109,535,890
93$201,473,211$16,570,865$6,369,888$120,143,043
94$221,835,773$17,195,133$6,395,575$131,814,266
95$244,269,405$17,844,077$6,416,209$144,657,503
96$268,985,168$18,518,720$6,431,436$158,791,684
97$296,215,648$19,220,130$6,440,882$174,347,851
98$326,217,147$19,949,420$6,444,155$191,470,388
99$359,272,106$20,707,751$6,440,844$210,318,383
100$395,691,766$21,496,336$6,430,517$231,067,125