Can I retire at age 50 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$396,380$392,849$389,404$386,042$382,759$379,869
2 years$196,227$192,573$189,031$185,597$182,266$179,353
3 years$129,519$125,849$122,316$118,914$115,637$112,790
4 years$96,171$92,512$89,014$85,671$82,473$79,715
5 years$76,168$72,531$69,079$65,803$62,695$60,033
6 years$62,836$59,227$55,826$52,623$49,608$47,047
7 years$53,318$49,738$46,392$43,265$40,345$37,884
8 years$46,182$42,635$39,344$36,294$33,470$31,111
9 years$40,635$37,121$33,887$30,914$28,187$25,928
10 years$36,200$32,721$29,543$26,648$24,016$21,857
11 years$32,574$29,129$26,009$23,192$20,655$18,593
12 years$29,554$26,145$23,083$20,342$17,899$15,933
13 years$27,001$23,627$20,623$17,959$15,608$13,736
14 years$24,814$21,477$18,530$15,942$13,682$11,901
15 years$22,921$19,619$16,730$14,218$12,047$10,355
16 years$21,266$18,000$15,168$12,730$10,647$9,042
17 years$19,807$16,578$13,802$11,438$9,440$7,919
18 years$18,512$15,318$12,600$10,308$8,394$6,953
19 years$17,354$14,197$11,534$9,314$7,482$6,119
20 years$16,314$13,193$10,586$8,436$6,683$5,396
21 years$15,373$12,288$9,737$7,656$5,980$4,766
22 years$14,520$11,471$8,974$6,961$5,361$4,215
23 years$13,742$10,728$8,286$6,340$4,812$3,733
24 years$13,029$10,052$7,663$5,782$4,325$3,310
25 years$12,375$9,433$7,098$5,281$3,892$2,938
26 years$11,772$8,866$6,583$4,828$3,506$2,610
27 years$11,215$8,344$6,113$4,419$3,161$2,320
28 years$10,698$7,862$5,682$4,049$2,852$2,064
29 years$10,218$7,417$5,288$3,713$2,575$1,837
30 years$9,771$7,005$4,926$3,408$2,327$1,636
31 years$9,353$6,622$4,592$3,130$2,104$1,458
32 years$8,962$6,265$4,284$2,876$1,903$1,300
33 years$8,596$5,933$4,000$2,645$1,722$1,159
34 years$8,252$5,624$3,738$2,434$1,559$1,034
35 years$7,928$5,334$3,494$2,240$1,412$922
36 years$7,624$5,063$3,269$2,063$1,280$823
37 years$7,336$4,808$3,060$1,901$1,160$735
38 years$7,064$4,570$2,865$1,752$1,051$656
39 years$6,806$4,345$2,684$1,616$953$586
40 years$6,562$4,134$2,516$1,490$865$523
41 years$6,331$3,935$2,359$1,375$785$468
42 years$6,111$3,748$2,213$1,269$712$418
43 years$5,902$3,571$2,077$1,171$646$373
44 years$5,703$3,404$1,949$1,082$586$334
45 years$5,513$3,246$1,830$999$532$298
46 years$5,333$3,096$1,719$923$483$267
47 years$5,160$2,955$1,615$852$439$238
48 years$4,995$2,821$1,518$788$399$213
49 years$4,837$2,694$1,427$728$362$190
50 years$4,686$2,573$1,341$673$329$170

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $4,800,000, adding $3,484 every year, while hoping to spend $45,262 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: 46/30/24 Blend
49$4,800,000$4,800,000$4,800,000$4,800,000
50$5,293,194$5,038,794$4,964,394$5,500,052
51$5,784,941$5,237,536$5,082,543$5,844,784
52$6,325,330$5,444,500$5,203,132$6,213,866
53$6,919,273$5,660,040$5,326,197$6,613,412
54$7,572,185$5,884,528$5,451,770$7,046,292
55$8,290,028$6,118,351$5,579,886$7,515,659
56$9,079,375$6,361,914$5,710,575$8,024,979
57$9,947,463$6,615,639$5,843,872$8,578,064
58$10,902,269$6,879,970$5,979,806$9,179,104
59$11,952,581$7,155,369$6,118,409$9,832,706
60$13,108,080$7,442,318$6,259,712$10,543,939
61$14,379,434$7,741,322$6,403,743$11,318,376
62$15,778,398$8,052,908$6,550,530$12,162,148
63$17,317,923$8,377,629$6,700,101$13,082,001
64$19,012,278$8,716,060$6,852,481$14,085,358
65$20,877,187$9,068,803$7,007,696$15,180,384
66$22,929,975$9,436,490$7,165,769$16,376,065
67$25,189,732$9,819,777$7,326,721$17,682,293
68$27,677,492$10,219,354$7,490,574$19,109,951
69$30,416,434$10,635,940$7,657,346$20,671,020
70$33,432,097$11,070,287$7,827,054$22,378,688
71$36,752,622$11,523,183$7,999,712$24,247,471
72$40,409,021$11,995,450$8,175,333$26,293,353
73$44,435,462$12,487,949$8,353,928$28,533,927
74$48,869,600$13,001,578$8,535,505$30,988,567
75$53,752,923$13,537,280$8,720,069$33,678,601
76$59,131,152$14,096,038$8,907,622$36,627,518
77$65,054,667$14,678,881$9,098,164$39,861,178
78$71,578,982$15,286,885$9,291,692$43,408,062
79$78,765,273$15,921,177$9,488,198$47,299,534
80$86,680,951$16,582,934$9,687,673$51,570,134
81$95,400,298$17,273,389$9,890,100$56,257,901
82$105,005,173$17,993,829$10,095,463$61,404,733
83$115,585,777$18,745,603$10,303,737$67,056,773
84$127,241,510$19,530,122$10,514,896$73,264,846
85$140,081,906$20,348,860$10,728,908$80,084,934
86$154,227,669$21,203,362$10,945,734$87,578,701
87$169,811,807$22,095,243$11,165,333$95,814,069
88$186,980,895$23,026,193$11,387,654$104,865,861
89$205,896,450$23,997,981$11,612,645$114,816,495
90$226,736,462$25,012,456$11,840,243$125,756,766
91$249,697,071$26,071,556$12,070,381$137,786,694
92$274,994,417$27,177,307$12,302,983$151,016,465
93$302,866,681$28,331,829$12,537,967$165,567,463
94$333,576,336$29,537,342$12,775,242$181,573,419
95$367,412,620$30,796,169$13,014,710$199,181,659
96$404,694,266$32,110,740$13,256,262$218,554,495
97$445,772,515$33,483,601$13,499,781$239,870,750
98$491,034,428$34,917,413$13,745,140$263,327,438
99$540,906,539$36,414,966$13,992,201$289,141,624
100$595,858,884$37,979,177$14,240,818$317,552,459