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%14.2%
1 years$280,769$278,268$275,828$273,446$271,121$266,410
2 years$138,994$136,406$133,897$131,465$129,105$124,374
3 years$91,743$89,143$86,640$84,231$81,910$77,306
4 years$68,121$65,529$63,052$60,683$58,419$53,978
5 years$53,952$51,376$48,931$46,611$44,409$40,144
6 years$44,509$41,952$39,543$37,275$35,139$31,055
7 years$37,767$35,231$32,861$30,646$28,578$24,675
8 years$32,712$30,200$27,869$25,708$23,708$19,986
9 years$28,783$26,294$24,003$21,897$19,965$16,422
10 years$25,642$23,177$20,926$18,876$17,012$13,643
11 years$23,073$20,633$18,423$16,428$14,631$11,434
12 years$20,934$18,519$16,350$14,409$12,679$9,650
13 years$19,126$16,736$14,608$12,721$11,056$8,190
14 years$17,577$15,213$13,125$11,292$9,692$6,984
15 years$16,236$13,897$11,850$10,071$8,533$5,978
16 years$15,063$12,750$10,744$9,017$7,542$5,134
17 years$14,030$11,742$9,777$8,102$6,687$4,421
18 years$13,112$10,851$8,925$7,302$5,946$3,816
19 years$12,293$10,056$8,170$6,598$5,300$3,300
20 years$11,556$9,345$7,498$5,975$4,734$2,859
21 years$10,890$8,704$6,897$5,423$4,236$2,480
22 years$10,285$8,125$6,357$4,931$3,797$2,154
23 years$9,734$7,599$5,869$4,491$3,408$1,873
24 years$9,229$7,120$5,428$4,096$3,064$1,630
25 years$8,766$6,682$5,027$3,740$2,757$1,420
26 years$8,339$6,280$4,663$3,420$2,483$1,237
27 years$7,944$5,910$4,330$3,130$2,239$1,079
28 years$7,578$5,569$4,025$2,868$2,020$942
29 years$7,238$5,254$3,746$2,630$1,824$822
30 years$6,921$4,962$3,489$2,414$1,648$718
31 years$6,625$4,690$3,253$2,217$1,490$627
32 years$6,348$4,438$3,035$2,037$1,348$548
33 years$6,089$4,203$2,834$1,874$1,220$479
34 years$5,845$3,983$2,648$1,724$1,104$419
35 years$5,616$3,778$2,475$1,587$1,000$366
36 years$5,400$3,586$2,316$1,461$906$320
37 years$5,196$3,406$2,167$1,347$821$280
38 years$5,003$3,237$2,030$1,241$745$245
39 years$4,821$3,078$1,901$1,144$675$214
40 years$4,648$2,928$1,782$1,056$613$188
41 years$4,484$2,788$1,671$974$556$164
42 years$4,329$2,655$1,568$899$504$144
43 years$4,181$2,529$1,471$830$458$126
44 years$4,040$2,411$1,381$766$415$110
45 years$3,905$2,299$1,297$707$377$96
46 years$3,777$2,193$1,218$654$342$84
47 years$3,655$2,093$1,144$604$311$74
48 years$3,538$1,998$1,075$558$282$65
49 years$3,426$1,908$1,011$516$256$57
50 years$3,320$1,823$950$477$233$50

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 $4,825 every year, while hoping to spend $54,252 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: 62/9/29 Blend
49$3,400,000$3,400,000$3,400,000$3,400,000
50$3,751,777$3,571,577$3,518,877$3,954,832
51$4,076,735$3,688,861$3,579,036$4,210,810
52$4,433,019$3,810,073$3,639,391$4,483,912
53$4,823,770$3,935,349$3,699,893$4,780,994
54$5,252,442$4,064,829$3,760,488$5,104,415
55$5,722,843$4,198,657$3,821,116$5,456,772
56$6,239,167$4,336,985$3,881,717$5,840,927
57$6,806,033$4,479,968$3,942,225$6,260,031
58$7,428,528$4,627,767$4,002,570$6,717,554
59$8,112,259$4,780,548$4,062,677$7,217,320
60$8,863,400$4,938,486$4,122,467$7,763,541
61$9,688,754$5,101,759$4,181,857$8,360,856
62$10,595,815$5,270,552$4,240,757$9,014,377
63$11,592,838$5,445,059$4,299,072$9,729,734
64$12,688,919$5,625,479$4,356,703$10,513,131
65$13,894,079$5,812,018$4,413,543$11,371,402
66$15,219,359$6,004,891$4,469,480$12,312,078
67$16,676,922$6,204,319$4,524,396$13,343,454
68$18,280,170$6,410,532$4,578,165$14,474,672
69$20,043,868$6,623,769$4,630,655$15,715,804
70$21,984,286$6,844,277$4,681,725$17,077,945
71$24,119,349$7,072,312$4,731,229$18,573,325
72$26,468,807$7,308,140$4,779,009$20,215,416
73$29,054,422$7,552,036$4,824,903$22,019,062
74$31,900,173$7,804,286$4,868,737$24,000,624
75$35,032,480$8,065,185$4,910,329$26,178,125
76$38,480,454$8,335,040$4,949,486$28,571,429
77$42,276,173$8,614,170$4,986,007$31,202,420
78$46,454,984$8,902,905$5,019,679$34,095,217
79$51,055,832$9,201,587$5,050,278$37,276,395
80$56,121,633$9,510,572$5,077,569$40,775,239
81$61,699,677$9,830,227$5,101,305$44,624,020
82$67,842,071$10,160,935$5,121,225$48,858,298
83$74,606,233$10,503,091$5,137,057$53,517,260
84$82,055,434$10,857,108$5,148,514$58,644,089
85$90,259,394$11,223,412$5,155,295$64,286,369
86$99,294,938$11,602,445$5,157,083$70,496,538
87$109,246,724$11,994,668$5,153,548$77,332,383
88$120,208,039$12,400,555$5,144,341$84,857,582
89$132,281,680$12,820,603$5,129,097$93,142,307
90$145,580,923$13,255,325$5,107,433$102,263,889
91$160,230,594$13,705,252$5,078,949$112,307,542
92$176,368,245$14,170,940$5,043,224$123,367,175
93$194,145,451$14,652,961$4,999,818$135,546,273
94$213,729,243$15,151,913$4,948,268$148,958,876
95$235,303,682$15,668,412$4,888,091$163,730,657
96$259,071,597$16,203,104$4,818,781$180,000,104
97$285,256,497$16,756,653$4,739,807$197,919,835
98$314,104,684$17,329,754$4,650,616$217,658,031
99$345,887,576$17,923,126$4,550,625$239,400,029
100$380,904,265$18,537,515$4,439,227$263,350,072