Can I retire at age 50 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$289,027$286,452$283,940$281,489$279,095$275,038
2 years$143,083$140,418$137,835$135,331$132,902$128,823
3 years$94,441$91,765$89,188$86,708$84,319$80,345
4 years$70,125$67,457$64,906$62,468$60,137$56,298
5 years$55,539$52,887$50,370$47,982$45,715$42,023
6 years$45,818$43,186$40,706$38,371$36,173$32,632
7 years$38,878$36,268$33,827$31,547$29,418$26,030
8 years$33,674$31,088$28,688$26,464$24,405$21,169
9 years$29,630$27,068$24,709$22,542$20,553$17,466
10 years$26,396$23,859$21,542$19,431$17,512$14,573
11 years$23,752$21,240$18,965$16,911$15,061$12,267
12 years$21,550$19,064$16,831$14,833$13,051$10,400
13 years$19,688$17,228$15,038$13,095$11,381$8,867
14 years$18,094$15,660$13,511$11,625$9,977$7,597
15 years$16,713$14,306$12,199$10,367$8,784$6,534
16 years$15,506$13,125$11,060$9,283$7,763$5,639
17 years$14,443$12,088$10,064$8,340$6,884$4,880
18 years$13,498$11,170$9,187$7,516$6,121$4,233
19 years$12,654$10,352$8,411$6,792$5,455$3,680
20 years$11,895$9,620$7,719$6,151$4,873$3,205
21 years$11,210$8,960$7,100$5,583$4,361$2,795
22 years$10,587$8,364$6,544$5,076$3,909$2,440
23 years$10,020$7,823$6,042$4,623$3,509$2,133
24 years$9,501$7,329$5,588$4,216$3,154$1,867
25 years$9,024$6,878$5,175$3,850$2,838$1,635
26 years$8,584$6,464$4,800$3,521$2,556$1,433
27 years$8,177$6,084$4,457$3,223$2,305$1,257
28 years$7,801$5,733$4,143$2,953$2,080$1,103
29 years$7,451$5,408$3,856$2,708$1,878$968
30 years$7,124$5,107$3,592$2,485$1,697$851
31 years$6,820$4,828$3,348$2,282$1,534$747
32 years$6,535$4,569$3,124$2,097$1,388$657
33 years$6,268$4,326$2,917$1,929$1,256$578
34 years$6,017$4,100$2,725$1,775$1,137$508
35 years$5,781$3,889$2,548$1,634$1,030$447
36 years$5,559$3,691$2,384$1,504$933$393
37 years$5,349$3,506$2,231$1,386$846$346
38 years$5,151$3,332$2,089$1,278$767$304
39 years$4,963$3,168$1,957$1,178$695$268
40 years$4,785$3,014$1,835$1,087$631$236
41 years$4,616$2,869$1,720$1,003$572$208
42 years$4,456$2,733$1,614$925$519$183
43 years$4,304$2,604$1,514$854$471$161
44 years$4,158$2,482$1,421$789$428$142
45 years$4,020$2,367$1,335$728$388$125
46 years$3,888$2,258$1,254$673$352$110
47 years$3,763$2,155$1,178$622$320$97
48 years$3,642$2,057$1,107$574$291$85
49 years$3,527$1,964$1,040$531$264$75
50 years$3,417$1,876$978$491$240$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,500,000, adding $4,665 every year, while hoping to spend $40,810 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: 58/29/13 Blend
49$3,500,000$3,500,000$3,500,000$3,500,000
50$3,861,812$3,676,312$3,622,062$4,072,955
51$4,212,295$3,813,030$3,699,979$4,352,778
52$4,597,160$3,955,079$3,779,140$4,652,723
53$5,019,870$4,102,678$3,859,541$4,978,715
54$5,484,242$4,256,053$3,941,180$5,333,263
55$5,994,478$4,415,443$4,024,053$5,719,125
56$6,555,209$4,581,095$4,108,153$6,139,334
57$7,171,538$4,753,266$4,193,474$6,597,231
58$7,849,085$4,932,227$4,280,006$7,096,487
59$8,594,043$5,118,257$4,367,737$7,641,146
60$9,413,233$5,311,649$4,456,654$8,235,654
61$10,314,173$5,512,709$4,546,741$8,884,907
62$11,305,143$5,721,757$4,637,982$9,594,294
63$12,395,268$5,939,124$4,730,355$10,369,744
64$13,594,602$6,165,157$4,823,838$11,217,785
65$14,914,220$6,400,219$4,918,406$12,145,606
66$16,366,328$6,644,687$5,014,030$13,161,117
67$17,964,374$6,898,957$5,110,680$14,273,029
68$19,723,173$7,163,439$5,208,321$15,490,935
69$21,659,052$7,438,563$5,306,915$16,825,394
70$23,790,001$7,724,778$5,406,422$18,288,036
71$26,135,841$8,022,552$5,506,797$19,891,666
72$28,718,413$8,332,373$5,607,992$21,650,387
73$31,561,784$8,654,753$5,709,952$23,579,730
74$34,692,474$8,990,223$5,812,623$25,696,799
75$38,139,702$9,339,339$5,915,941$28,020,433
76$41,935,668$9,702,683$6,019,842$30,571,379
77$46,115,852$10,080,861$6,124,253$33,372,490
78$50,719,352$10,474,507$6,229,099$36,448,938
79$55,789,249$10,884,281$6,334,297$39,828,451
80$61,373,016$11,310,874$6,439,759$43,541,568
81$67,522,965$11,755,008$6,545,392$47,621,933
82$74,296,741$12,217,437$6,651,096$52,106,606
83$81,757,864$12,698,947$6,756,764$57,036,413
84$89,976,332$13,200,361$6,862,281$62,456,328
85$99,029,278$13,722,538$6,967,527$68,415,896
86$109,001,697$14,266,376$7,072,373$74,969,701
87$119,987,254$14,832,812$7,176,681$82,177,874
88$132,089,160$15,422,826$7,280,306$90,106,663
89$145,421,151$16,037,442$7,383,093$98,829,056
90$160,108,561$16,677,729$7,484,879$108,425,463
91$176,289,502$17,344,805$7,585,490$118,984,479
92$194,116,170$18,039,839$7,684,742$130,603,711
93$213,756,279$18,764,051$7,782,442$143,390,701
94$235,394,648$19,518,718$7,878,382$157,463,940
95$259,234,941$20,305,174$7,972,346$172,953,976
96$285,501,589$21,124,812$8,064,104$190,004,654
97$314,441,913$21,979,090$8,153,413$208,774,460
98$346,328,454$22,869,531$8,240,018$229,438,020
99$381,461,546$23,797,727$8,323,649$252,187,747
100$420,172,152$24,765,345$8,404,020$277,235,647