Can I retire at age 50 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$236,176$234,072$232,020$230,017$228,060$226,813
2 years$116,919$114,741$112,631$110,585$108,600$107,342
3 years$77,172$74,985$72,880$70,853$68,900$67,670
4 years$57,302$55,122$53,038$51,045$49,140$47,947
5 years$45,383$43,216$41,159$39,208$37,356$36,203
6 years$37,440$35,289$33,263$31,355$29,558$28,448
7 years$31,769$29,636$27,642$25,779$24,039$22,971
8 years$27,517$25,403$23,442$21,625$19,943$18,917
9 years$24,212$22,118$20,191$18,420$16,794$15,812
10 years$21,569$19,496$17,603$15,878$14,310$13,369
11 years$19,408$17,356$15,497$13,819$12,307$11,408
12 years$17,609$15,578$13,753$12,121$10,665$9,806
13 years$16,088$14,078$12,288$10,701$9,300$8,481
14 years$14,785$12,796$11,041$9,499$8,152$7,372
15 years$13,657$11,690$9,968$8,471$7,178$6,436
16 years$12,671$10,725$9,038$7,585$6,344$5,639
17 years$11,802$9,878$8,224$6,815$5,625$4,956
18 years$11,030$9,127$7,507$6,142$5,001$4,367
19 years$10,340$8,459$6,873$5,550$4,458$3,857
20 years$9,720$7,861$6,307$5,026$3,982$3,413
21 years$9,160$7,322$5,802$4,562$3,563$3,026
22 years$8,651$6,835$5,347$4,148$3,194$2,686
23 years$8,188$6,392$4,937$3,777$2,867$2,388
24 years$7,763$5,989$4,566$3,445$2,577$2,126
25 years$7,374$5,621$4,229$3,146$2,319$1,894
26 years$7,014$5,282$3,922$2,877$2,089$1,689
27 years$6,682$4,971$3,642$2,633$1,883$1,507
28 years$6,374$4,684$3,386$2,413$1,699$1,346
29 years$6,088$4,419$3,151$2,212$1,534$1,203
30 years$5,822$4,174$2,935$2,030$1,386$1,076
31 years$5,573$3,945$2,736$1,865$1,253$963
32 years$5,340$3,733$2,553$1,714$1,134$862
33 years$5,122$3,535$2,384$1,576$1,026$771
34 years$4,917$3,351$2,227$1,450$929$691
35 years$4,724$3,178$2,082$1,335$841$619
36 years$4,542$3,016$1,948$1,229$762$555
37 years$4,371$2,865$1,823$1,133$691$497
38 years$4,209$2,723$1,707$1,044$626$446
39 years$4,055$2,589$1,599$963$568$400
40 years$3,910$2,463$1,499$888$515$359
41 years$3,772$2,345$1,406$819$467$322
42 years$3,641$2,233$1,319$756$424$289
43 years$3,517$2,128$1,237$698$385$259
44 years$3,398$2,028$1,162$644$349$233
45 years$3,285$1,934$1,091$595$317$209
46 years$3,177$1,845$1,024$550$288$188
47 years$3,075$1,761$962$508$262$168
48 years$2,976$1,681$904$469$238$151
49 years$2,882$1,605$850$434$216$136
50 years$2,792$1,533$799$401$196$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,860,000, adding $5,156 every year, while hoping to spend $59,863 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: 70/16/14 Blend
49$2,860,000$2,860,000$2,860,000$2,860,000
50$3,157,038$3,005,458$2,961,128$3,367,775
51$3,415,363$3,089,032$2,996,632$3,592,002
52$3,698,029$3,174,695$3,031,320$3,829,616
53$4,007,459$3,262,485$3,065,099$4,088,106
54$4,346,315$3,352,442$3,097,875$4,369,520
55$4,717,533$3,444,606$3,129,548$4,676,114
56$5,124,343$3,539,013$3,160,010$5,010,371
57$5,570,306$3,635,704$3,189,150$5,375,028
58$6,059,340$3,734,717$3,216,849$5,773,097
59$6,595,762$3,836,088$3,242,983$6,207,898
60$7,184,328$3,939,854$3,267,421$6,683,086
61$7,830,276$4,046,053$3,290,026$7,202,688
62$8,539,374$4,154,720$3,310,652$7,771,139
63$9,317,979$4,265,889$3,329,147$8,393,326
64$10,173,090$4,379,595$3,345,351$9,074,632
65$11,112,419$4,495,870$3,359,095$9,820,987
66$12,144,463$4,614,745$3,370,201$10,638,924
67$13,278,581$4,736,250$3,378,486$11,535,643
68$14,525,083$4,860,413$3,383,752$12,519,073
69$15,895,329$4,987,261$3,385,795$13,597,952
70$17,401,834$5,116,818$3,384,401$14,781,907
71$19,058,386$5,249,107$3,379,343$16,081,546
72$20,880,175$5,384,147$3,370,385$17,508,557
73$22,883,939$5,521,956$3,357,278$19,075,816
74$25,088,116$5,662,548$3,339,763$20,797,515
75$27,513,026$5,805,934$3,317,567$22,689,288
76$30,181,053$5,952,123$3,290,404$24,768,365
77$33,116,862$6,101,119$3,257,974$27,053,729
78$36,347,630$6,252,922$3,219,964$29,566,299
79$39,903,301$6,407,527$3,176,045$32,329,127
80$43,816,869$6,564,928$3,125,874$35,367,614
81$48,124,689$6,725,109$3,069,091$38,709,749
82$52,866,820$6,888,051$3,005,317$42,386,376
83$58,087,400$7,053,730$2,934,160$46,431,484
84$63,835,067$7,222,115$2,855,207$50,882,526
85$70,163,412$7,393,167$2,768,025$55,780,776
86$77,131,489$7,566,842$2,672,163$61,171,713
87$84,804,370$7,743,086$2,567,149$67,105,458
88$93,253,757$7,921,838$2,452,490$73,637,241
89$102,558,660$8,103,028$2,327,668$80,827,925
90$112,806,144$8,286,577$2,192,146$88,744,579
91$124,092,146$8,472,395$2,045,358$97,461,114
92$136,522,383$8,660,380$1,886,715$107,058,979
93$150,213,349$8,850,421$1,715,603$117,627,929
94$165,293,412$9,042,394$1,531,377$129,266,874
95$181,904,028$9,236,159$1,333,366$142,084,813
96$200,201,073$9,431,565$1,120,868$156,201,864
97$220,356,317$9,628,446$893,151$171,750,395
98$242,559,039$9,826,618$649,450$188,876,276
99$267,017,820$10,025,881$388,966$207,740,258
100$293,962,506$10,226,018$110,865$228,519,488