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%16.5%
1 years$280,769$278,268$275,828$273,446$271,121$263,924
2 years$138,994$136,406$133,897$131,465$129,105$121,905
3 years$91,743$89,143$86,640$84,231$81,910$74,931
4 years$68,121$65,529$63,052$60,683$58,419$51,715
5 years$53,952$51,376$48,931$46,611$44,409$38,000
6 years$44,509$41,952$39,543$37,275$35,139$29,030
7 years$37,767$35,231$32,861$30,646$28,578$22,769
8 years$32,712$30,200$27,869$25,708$23,708$18,196
9 years$28,783$26,294$24,003$21,897$19,965$14,747
10 years$25,642$23,177$20,926$18,876$17,012$12,079
11 years$23,073$20,633$18,423$16,428$14,631$9,976
12 years$20,934$18,519$16,350$14,409$12,679$8,294
13 years$19,126$16,736$14,608$12,721$11,056$6,932
14 years$17,577$15,213$13,125$11,292$9,692$5,819
15 years$16,236$13,897$11,850$10,071$8,533$4,902
16 years$15,063$12,750$10,744$9,017$7,542$4,142
17 years$14,030$11,742$9,777$8,102$6,687$3,508
18 years$13,112$10,851$8,925$7,302$5,946$2,977
19 years$12,293$10,056$8,170$6,598$5,300$2,531
20 years$11,556$9,345$7,498$5,975$4,734$2,155
21 years$10,890$8,704$6,897$5,423$4,236$1,837
22 years$10,285$8,125$6,357$4,931$3,797$1,567
23 years$9,734$7,599$5,869$4,491$3,408$1,338
24 years$9,229$7,120$5,428$4,096$3,064$1,144
25 years$8,766$6,682$5,027$3,740$2,757$978
26 years$8,339$6,280$4,663$3,420$2,483$837
27 years$7,944$5,910$4,330$3,130$2,239$717
28 years$7,578$5,569$4,025$2,868$2,020$614
29 years$7,238$5,254$3,746$2,630$1,824$526
30 years$6,921$4,962$3,489$2,414$1,648$450
31 years$6,625$4,690$3,253$2,217$1,490$386
32 years$6,348$4,438$3,035$2,037$1,348$331
33 years$6,089$4,203$2,834$1,874$1,220$284
34 years$5,845$3,983$2,648$1,724$1,104$243
35 years$5,616$3,778$2,475$1,587$1,000$209
36 years$5,400$3,586$2,316$1,461$906$179
37 years$5,196$3,406$2,167$1,347$821$154
38 years$5,003$3,237$2,030$1,241$745$132
39 years$4,821$3,078$1,901$1,144$675$113
40 years$4,648$2,928$1,782$1,056$613$97
41 years$4,484$2,788$1,671$974$556$83
42 years$4,329$2,655$1,568$899$504$71
43 years$4,181$2,529$1,471$830$458$61
44 years$4,040$2,411$1,381$766$415$53
45 years$3,905$2,299$1,297$707$377$45
46 years$3,777$2,193$1,218$654$342$39
47 years$3,655$2,093$1,144$604$311$33
48 years$3,538$1,998$1,075$558$282$29
49 years$3,426$1,908$1,011$516$256$25
50 years$3,320$1,823$950$477$233$21

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 $5,725 every year, while hoping to spend $33,660 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: 37/38/25 Blend
49$3,400,000$3,400,000$3,400,000$3,400,000
50$3,752,705$3,572,505$3,519,805$3,863,248
51$4,099,667$3,711,744$3,601,905$4,084,134
52$4,480,891$3,856,677$3,685,627$4,319,053
53$4,899,836$4,007,549$3,770,989$4,572,145
54$5,360,314$4,164,613$3,858,011$4,845,070
55$5,866,521$4,328,134$3,946,710$5,139,652
56$6,423,085$4,498,392$4,037,104$5,457,891
57$7,035,101$4,675,674$4,129,208$5,801,986
58$7,708,184$4,860,284$4,223,039$6,174,349
59$8,448,519$5,052,539$4,318,611$6,577,635
60$9,262,923$5,252,768$4,415,939$7,014,756
61$10,158,904$5,461,317$4,515,037$7,488,916
62$11,144,738$5,678,547$4,615,916$8,003,636
63$12,229,539$5,904,834$4,718,587$8,562,786
64$13,423,354$6,140,572$4,823,061$9,170,621
65$14,737,249$6,386,174$4,929,347$9,831,821
66$16,183,420$6,642,068$5,037,452$10,551,532
67$17,775,304$6,908,704$5,147,382$11,335,413
68$19,527,707$7,186,553$5,259,141$12,189,690
69$21,456,944$7,476,105$5,372,733$13,121,211
70$23,580,992$7,777,873$5,488,159$14,137,512
71$25,919,659$8,092,395$5,605,418$15,246,883
72$28,494,772$8,420,230$5,724,508$16,458,447
73$31,330,382$8,761,966$5,845,423$17,782,243
74$34,452,994$9,118,214$5,968,157$19,229,320
75$37,891,809$9,489,617$6,092,700$20,811,839
76$41,679,009$9,876,843$6,219,041$22,543,185
77$45,850,053$10,280,594$6,347,164$24,438,092
78$50,444,017$10,701,602$6,477,053$26,512,781
79$55,503,959$11,140,633$6,608,686$28,785,108
80$61,077,327$11,598,488$6,742,041$31,274,733
81$67,216,406$12,076,004$6,877,091$34,003,301
82$73,978,809$12,574,059$7,013,804$36,994,646
83$81,428,028$13,093,568$7,152,146$40,275,012
84$89,634,023$13,635,489$7,292,079$43,873,298
85$98,673,890$14,200,824$7,433,560$47,821,326
86$108,632,585$14,790,623$7,576,543$52,154,143
87$119,603,727$15,405,982$7,720,976$56,910,344
88$131,690,480$16,048,048$7,866,801$62,132,438
89$145,006,528$16,718,021$8,013,958$67,867,239
90$159,677,146$17,417,157$8,162,378$74,166,312
91$175,840,386$18,146,768$8,311,989$81,086,450
92$193,648,376$18,908,231$8,462,711$88,690,209
93$213,268,757$19,702,981$8,614,459$97,046,495
94$234,886,268$20,532,524$8,767,140$106,231,209
95$258,704,483$21,398,433$8,920,655$116,327,958
96$284,947,740$22,302,357$9,074,897$127,428,844
97$313,863,255$23,246,017$9,229,751$139,635,323
98$345,723,454$24,231,219$9,385,095$153,059,163
99$380,828,546$25,259,849$9,540,796$167,823,489
100$419,509,359$26,333,883$9,696,714$184,063,944