Can I retire at age 50 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$233,699$231,617$229,586$227,604$225,668$218,619
2 years$115,692$113,538$111,450$109,425$107,461$100,422
3 years$76,362$74,198$72,115$70,110$68,178$61,370
4 years$56,701$54,544$52,481$50,510$48,625$42,100
5 years$44,907$42,763$40,728$38,797$36,964$30,740
6 years$37,047$34,919$32,914$31,026$29,248$23,330
7 years$31,435$29,325$27,352$25,508$23,787$18,174
8 years$27,228$25,137$23,196$21,398$19,733$14,422
9 years$23,958$21,886$19,979$18,226$16,618$11,603
10 years$21,343$19,292$17,418$15,711$14,160$9,433
11 years$19,205$17,174$15,335$13,674$12,178$7,731
12 years$17,424$15,415$13,609$11,994$10,553$6,377
13 years$15,919$13,930$12,159$10,589$9,202$5,287
14 years$14,630$12,662$10,925$9,399$8,067$4,401
15 years$13,514$11,567$9,864$8,383$7,103$3,676
16 years$12,538$10,613$8,943$7,506$6,277$3,080
17 years$11,678$9,774$8,138$6,744$5,566$2,586
18 years$10,914$9,032$7,429$6,077$4,949$2,175
19 years$10,232$8,370$6,801$5,492$4,411$1,832
20 years$9,618$7,778$6,241$4,974$3,940$1,546
21 years$9,064$7,245$5,741$4,514$3,526$1,305
22 years$8,561$6,763$5,291$4,104$3,160$1,104
23 years$8,102$6,325$4,885$3,738$2,837$934
24 years$7,682$5,926$4,518$3,409$2,550$790
25 years$7,296$5,562$4,185$3,113$2,295$669
26 years$6,941$5,227$3,881$2,847$2,067$567
27 years$6,612$4,919$3,604$2,606$1,863$481
28 years$6,307$4,635$3,350$2,387$1,681$408
29 years$6,024$4,373$3,118$2,189$1,518$346
30 years$5,761$4,130$2,904$2,009$1,372$294
31 years$5,514$3,904$2,707$1,845$1,240$249
32 years$5,284$3,694$2,526$1,696$1,122$211
33 years$5,068$3,498$2,359$1,559$1,015$179
34 years$4,865$3,316$2,204$1,435$919$152
35 years$4,674$3,145$2,060$1,321$833$129
36 years$4,495$2,985$1,927$1,216$754$110
37 years$4,325$2,835$1,804$1,121$684$93
38 years$4,165$2,694$1,689$1,033$620$79
39 years$4,013$2,562$1,583$953$562$67
40 years$3,869$2,437$1,483$879$510$57
41 years$3,733$2,320$1,391$811$463$49
42 years$3,603$2,210$1,305$748$420$41
43 years$3,480$2,105$1,224$691$381$35
44 years$3,362$2,007$1,149$638$346$30
45 years$3,251$1,914$1,079$589$314$25
46 years$3,144$1,826$1,014$544$285$21
47 years$3,042$1,742$952$503$259$18
48 years$2,945$1,663$895$464$235$16
49 years$2,852$1,588$841$429$213$13
50 years$2,763$1,517$791$397$194$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,830,000, adding $5,841 every year, while hoping to spend $36,213 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: 67/9/24 Blend
49$2,830,000$2,830,000$2,830,000$2,830,000
50$3,124,685$2,974,695$2,930,830$3,314,397
51$3,404,873$3,081,925$2,990,482$3,549,790
52$3,712,425$3,193,195$3,050,920$3,802,463
53$4,050,097$3,308,666$3,112,129$4,077,964
54$4,420,919$3,428,503$3,174,098$4,378,546
55$4,828,234$3,552,880$3,236,811$4,706,688
56$5,275,720$3,681,978$3,300,251$5,065,120
57$5,767,433$3,815,984$3,364,399$5,456,848
58$6,307,838$3,955,094$3,429,233$5,885,184
59$6,901,857$4,099,513$3,494,732$6,353,775
60$7,554,910$4,249,453$3,560,869$6,866,637
61$8,272,971$4,405,136$3,627,618$7,428,193
62$9,062,618$4,566,792$3,694,947$8,043,317
63$9,931,102$4,734,662$3,762,825$8,717,377
64$10,886,411$4,908,997$3,831,216$9,456,285
65$11,937,345$5,090,057$3,900,082$10,266,553
66$13,093,600$5,278,116$3,969,381$11,155,358
67$14,365,861$5,473,457$4,039,068$12,130,602
68$15,765,899$5,676,377$4,109,097$13,200,995
69$17,306,684$5,887,183$4,179,416$14,376,128
70$19,002,508$6,106,198$4,249,969$15,666,572
71$20,869,119$6,333,756$4,320,698$17,083,969
72$22,923,867$6,570,208$4,391,539$18,641,149
73$25,185,871$6,815,918$4,462,425$20,352,246
74$27,676,199$7,071,267$4,533,285$22,232,832
75$30,418,063$7,336,651$4,604,042$24,300,065
76$33,437,043$7,612,484$4,674,615$26,572,851
77$36,761,322$7,899,197$4,744,916$29,072,019
78$40,421,960$8,197,241$4,814,853$31,820,520
79$44,453,180$8,507,085$4,884,330$34,843,642
80$48,892,691$8,829,219$4,953,242$38,169,250
81$53,782,048$9,164,154$5,021,479$41,828,046
82$59,167,043$9,512,423$5,088,924$45,853,861
83$65,098,133$9,874,583$5,155,455$50,283,972
84$71,630,920$10,251,215$5,220,939$55,159,455
85$78,826,673$10,642,924$5,285,241$60,525,571
86$86,752,909$11,050,343$5,348,212$66,432,193
87$95,484,028$11,474,132$5,409,699$72,934,279
88$105,102,014$11,914,979$5,469,539$80,092,385
89$115,697,211$12,373,605$5,527,560$87,973,242
90$127,369,174$12,850,759$5,583,581$96,650,382
91$140,227,609$13,347,225$5,637,410$106,204,830
92$154,393,408$13,863,822$5,688,846$116,725,875
93$169,999,789$14,401,403$5,737,676$128,311,906
94$187,193,557$14,960,861$5,783,677$141,071,341
95$206,136,483$15,543,126$5,826,614$155,123,655
96$227,006,837$16,149,172$5,866,238$170,600,501
97$250,001,066$16,780,014$5,902,289$187,646,956
98$275,335,653$17,436,712$5,934,493$206,422,890
99$303,249,153$18,120,375$5,962,563$227,104,472
100$334,004,452$18,832,158$5,986,194$249,885,835