Can I retire at age 50 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$237,828$235,709$233,642$231,625$229,655$226,223
2 years$117,736$115,544$113,419$111,358$109,360$105,910
3 years$77,711$75,509$73,389$71,348$69,382$66,022
4 years$57,703$55,507$53,409$51,402$49,484$46,239
5 years$45,701$43,518$41,447$39,482$37,617$34,496
6 years$37,702$35,536$33,496$31,574$29,765$26,773
7 years$31,991$29,843$27,835$25,959$24,207$21,344
8 years$27,709$25,581$23,606$21,776$20,082$17,348
9 years$24,381$22,273$20,332$18,548$16,912$14,305
10 years$21,720$19,632$17,726$15,989$14,410$11,929
11 years$19,544$17,478$15,606$13,915$12,393$10,035
12 years$17,732$15,687$13,850$12,205$10,739$8,502
13 years$16,200$14,176$12,374$10,776$9,365$7,244
14 years$14,888$12,886$11,118$9,565$8,209$6,202
15 years$13,752$11,772$10,038$8,531$7,228$5,331
16 years$12,759$10,800$9,101$7,638$6,388$4,597
17 years$11,884$9,947$8,281$6,863$5,664$3,976
18 years$11,107$9,191$7,560$6,185$5,036$3,447
19 years$10,413$8,518$6,921$5,589$4,489$2,994
20 years$9,788$7,916$6,351$5,062$4,010$2,605
21 years$9,224$7,373$5,842$4,594$3,588$2,270
22 years$8,712$6,882$5,384$4,177$3,216$1,981
23 years$8,245$6,437$4,972$3,804$2,887$1,730
24 years$7,818$6,031$4,598$3,469$2,595$1,513
25 years$7,425$5,660$4,259$3,168$2,335$1,324
26 years$7,063$5,319$3,950$2,897$2,103$1,160
27 years$6,729$5,006$3,668$2,652$1,896$1,016
28 years$6,419$4,717$3,409$2,429$1,711$891
29 years$6,131$4,450$3,173$2,228$1,545$782
30 years$5,862$4,203$2,955$2,045$1,396$686
31 years$5,612$3,973$2,755$1,878$1,262$602
32 years$5,377$3,759$2,571$1,726$1,142$529
33 years$5,158$3,560$2,400$1,587$1,033$465
34 years$4,951$3,374$2,243$1,460$936$408
35 years$4,757$3,200$2,097$1,344$847$359
36 years$4,574$3,038$1,961$1,238$768$315
37 years$4,401$2,885$1,836$1,141$696$277
38 years$4,238$2,742$1,719$1,051$631$244
39 years$4,084$2,607$1,611$969$572$214
40 years$3,937$2,480$1,510$894$519$189
41 years$3,799$2,361$1,416$825$471$166
42 years$3,667$2,249$1,328$761$427$146
43 years$3,541$2,143$1,246$703$388$128
44 years$3,422$2,042$1,170$649$352$113
45 years$3,308$1,948$1,098$599$319$99
46 years$3,200$1,858$1,031$554$290$87
47 years$3,096$1,773$969$511$263$77
48 years$2,997$1,693$911$473$239$68
49 years$2,902$1,616$856$437$217$60
50 years$2,812$1,544$805$404$197$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,880,000, adding $5,989 every year, while hoping to spend $32,950 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: 34/37/29 Blend
49$2,880,000$2,880,000$2,880,000$2,880,000
50$3,179,938$3,027,298$2,982,658$3,260,005
51$3,469,233$3,140,577$3,047,518$3,434,383
52$3,786,932$3,258,302$3,113,447$3,618,940
53$4,135,897$3,380,657$3,180,446$3,817,332
54$4,519,281$3,507,832$3,248,513$4,030,813
55$4,940,559$3,640,027$3,317,650$4,260,763
56$5,403,556$3,777,449$3,387,852$4,508,695
57$5,912,490$3,920,315$3,459,116$4,776,273
58$6,472,005$4,068,851$3,531,437$5,065,322
59$7,087,219$4,223,294$3,604,809$5,377,851
60$7,763,768$4,383,889$3,679,224$5,716,064
61$8,507,866$4,550,893$3,754,671$6,082,386
62$9,326,356$4,724,574$3,831,140$6,479,482
63$10,226,779$4,905,213$3,908,618$6,910,282
64$11,217,443$5,093,100$3,987,089$7,378,007
65$12,307,501$5,288,541$4,066,536$7,886,202
66$13,507,041$5,491,855$4,146,939$8,438,762
67$14,827,175$5,703,371$4,228,277$9,039,974
68$16,280,149$5,923,439$4,310,527$9,694,554
69$17,879,455$6,152,418$4,393,661$10,407,689
70$19,639,961$6,390,688$4,477,649$11,185,088
71$21,578,047$6,638,642$4,562,461$12,033,033
72$23,711,765$6,896,692$4,648,060$12,958,435
73$26,061,003$7,165,269$4,734,409$13,968,903
74$28,647,680$7,444,821$4,821,466$15,072,810
75$31,495,943$7,735,818$4,909,185$16,279,374
76$34,632,405$8,038,748$4,997,518$17,598,740
77$38,086,388$8,354,124$5,086,413$19,042,078
78$41,890,203$8,682,480$5,175,811$20,621,685
79$46,079,457$9,024,375$5,265,654$22,351,101
80$50,693,382$9,380,390$5,355,874$24,245,231
81$55,775,213$9,751,135$5,446,402$26,320,492
82$61,372,591$10,137,247$5,537,163$28,594,956
83$67,538,013$10,539,390$5,628,076$31,088,529
84$74,329,329$10,958,259$5,719,055$33,823,129
85$81,810,286$11,394,579$5,810,008$36,822,895
86$90,051,131$11,849,108$5,900,839$40,114,412
87$99,129,271$12,322,640$5,991,443$43,726,962
88$109,130,010$12,816,002$6,081,708$47,692,792
89$120,147,344$13,330,060$6,171,519$52,047,423
90$132,284,858$13,865,717$6,260,750$56,829,980
91$145,656,697$14,423,921$6,349,268$62,083,558
92$160,388,645$15,005,658$6,436,933$67,855,627
93$176,619,313$15,611,961$6,523,597$74,198,478
94$194,501,446$16,243,911$6,609,101$81,169,716
95$214,203,366$16,902,635$6,693,278$88,832,793
96$235,910,560$17,589,314$6,775,953$97,257,614
97$259,827,428$18,305,182$6,856,939$106,521,188
98$286,179,218$19,051,528$6,936,039$116,708,351
99$315,214,146$19,829,701$7,013,044$127,912,566
100$347,205,744$20,641,111$7,087,735$140,236,802