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%11.6%
1 years$289,027$286,452$283,940$281,489$279,095$277,220
2 years$143,083$140,418$137,835$135,331$132,902$131,011
3 years$94,441$91,765$89,188$86,708$84,319$82,470
4 years$70,125$67,457$64,906$62,468$60,137$58,345
5 years$55,539$52,887$50,370$47,982$45,715$43,985
6 years$45,818$43,186$40,706$38,371$36,173$34,507
7 years$38,878$36,268$33,827$31,547$29,418$27,818
8 years$33,674$31,088$28,688$26,464$24,405$22,870
9 years$29,630$27,068$24,709$22,542$20,553$19,082
10 years$26,396$23,859$21,542$19,431$17,512$16,105
11 years$23,752$21,240$18,965$16,911$15,061$13,717
12 years$21,550$19,064$16,831$14,833$13,051$11,770
13 years$19,688$17,228$15,038$13,095$11,381$10,160
14 years$18,094$15,660$13,511$11,625$9,977$8,814
15 years$16,713$14,306$12,199$10,367$8,784$7,679
16 years$15,506$13,125$11,060$9,283$7,763$6,714
17 years$14,443$12,088$10,064$8,340$6,884$5,889
18 years$13,498$11,170$9,187$7,516$6,121$5,178
19 years$12,654$10,352$8,411$6,792$5,455$4,563
20 years$11,895$9,620$7,719$6,151$4,873$4,030
21 years$11,210$8,960$7,100$5,583$4,361$3,564
22 years$10,587$8,364$6,544$5,076$3,909$3,158
23 years$10,020$7,823$6,042$4,623$3,509$2,801
24 years$9,501$7,329$5,588$4,216$3,154$2,487
25 years$9,024$6,878$5,175$3,850$2,838$2,211
26 years$8,584$6,464$4,800$3,521$2,556$1,967
27 years$8,177$6,084$4,457$3,223$2,305$1,751
28 years$7,801$5,733$4,143$2,953$2,080$1,561
29 years$7,451$5,408$3,856$2,708$1,878$1,391
30 years$7,124$5,107$3,592$2,485$1,697$1,241
31 years$6,820$4,828$3,348$2,282$1,534$1,108
32 years$6,535$4,569$3,124$2,097$1,388$989
33 years$6,268$4,326$2,917$1,929$1,256$883
34 years$6,017$4,100$2,725$1,775$1,137$789
35 years$5,781$3,889$2,548$1,634$1,030$705
36 years$5,559$3,691$2,384$1,504$933$631
37 years$5,349$3,506$2,231$1,386$846$564
38 years$5,151$3,332$2,089$1,278$767$504
39 years$4,963$3,168$1,957$1,178$695$451
40 years$4,785$3,014$1,835$1,087$631$404
41 years$4,616$2,869$1,720$1,003$572$361
42 years$4,456$2,733$1,614$925$519$323
43 years$4,304$2,604$1,514$854$471$289
44 years$4,158$2,482$1,421$789$428$259
45 years$4,020$2,367$1,335$728$388$232
46 years$3,888$2,258$1,254$673$352$208
47 years$3,763$2,155$1,178$622$320$186
48 years$3,642$2,057$1,107$574$291$167
49 years$3,527$1,964$1,040$531$264$149
50 years$3,417$1,876$978$491$240$134

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 $6,153 every year, while hoping to spend $45,187 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: 48/24/28 Blend
49$3,500,000$3,500,000$3,500,000$3,500,000
50$3,863,347$3,677,847$3,623,597$4,017,642
51$4,209,330$3,809,983$3,696,909$4,258,950
52$4,589,088$3,947,079$3,771,162$4,515,936
53$5,006,020$4,089,330$3,846,341$4,794,154
54$5,463,867$4,236,941$3,922,426$5,095,630
55$5,966,753$4,390,122$3,999,399$5,422,592
56$6,519,218$4,549,095$4,077,235$5,777,492
57$7,126,267$4,714,089$4,155,911$6,163,026
58$7,793,410$4,885,343$4,235,398$6,582,163
59$8,526,720$5,063,107$4,315,666$7,038,168
60$9,332,887$5,247,640$4,396,682$7,534,637
61$10,219,280$5,439,214$4,478,410$8,075,525
62$11,194,021$5,638,110$4,560,811$8,665,188
63$12,266,055$5,844,621$4,643,842$9,308,419
64$13,445,239$6,059,054$4,727,457$10,010,496
65$14,742,433$6,281,727$4,811,607$10,777,231
66$16,169,603$6,512,974$4,896,238$11,615,020
67$17,739,933$6,753,140$4,981,292$12,530,908
68$19,467,949$7,002,587$5,066,708$13,532,652
69$21,369,657$7,261,691$5,152,420$14,628,794
70$23,462,693$7,530,844$5,238,356$15,828,742
71$25,766,487$7,810,455$5,324,442$17,142,855
72$28,302,453$8,100,952$5,410,594$18,582,543
73$31,094,183$8,402,778$5,496,729$20,160,373
74$34,167,672$8,716,397$5,582,752$21,890,187
75$37,551,567$9,042,292$5,668,567$23,787,229
76$41,277,431$9,380,969$5,754,068$25,868,293
77$45,380,045$9,732,952$5,839,145$28,151,877
78$49,897,734$10,098,791$5,923,680$30,658,358
79$54,872,727$10,479,056$6,007,548$33,410,181
80$60,351,561$10,874,346$6,090,617$36,432,074
81$66,385,513$11,285,281$6,172,745$39,751,278
82$73,031,088$11,712,513$6,253,785$43,397,802
83$80,350,551$12,156,718$6,333,579$47,404,706
84$88,412,513$12,618,603$6,411,959$51,808,414
85$97,292,581$13,098,906$6,488,752$56,649,054
86$107,074,069$13,598,397$6,563,769$61,970,834
87$117,848,784$14,117,878$6,636,815$67,822,465
88$129,717,894$14,658,189$6,707,683$74,257,610
89$142,792,883$15,220,204$6,776,154$81,335,397
90$157,196,599$15,804,836$6,841,997$89,120,973
91$173,064,417$16,413,038$6,904,969$97,686,114
92$190,545,517$17,045,806$6,964,815$107,109,907
93$209,804,288$17,704,178$7,021,264$117,479,492
94$231,021,881$18,389,239$7,074,033$128,890,882
95$254,397,922$19,102,121$7,122,822$141,449,869
96$280,152,392$19,844,006$7,167,318$155,273,022
97$308,527,702$20,616,129$7,207,189$170,488,783
98$339,790,987$21,419,779$7,242,089$187,238,678
99$374,236,621$22,256,301$7,271,653$205,678,655
100$412,188,998$23,127,102$7,295,495$225,980,547