Can I retire at age 50 with 2,890,000?

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 $2,890,000?

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$238,653$236,528$234,454$232,429$230,453$227,009
2 years$118,145$115,945$113,812$111,745$109,739$106,278
3 years$77,981$75,771$73,644$71,596$69,623$66,251
4 years$57,903$55,700$53,594$51,581$49,656$46,399
5 years$45,859$43,669$41,591$39,619$37,748$34,616
6 years$37,833$35,659$33,612$31,684$29,868$26,866
7 years$32,102$29,947$27,932$26,049$24,291$21,418
8 years$27,805$25,670$23,688$21,852$20,152$17,408
9 years$24,466$22,350$20,403$18,613$16,971$14,355
10 years$21,795$19,701$17,788$16,044$14,460$11,970
11 years$19,612$17,538$15,660$13,964$12,436$10,070
12 years$17,794$15,741$13,898$12,248$10,777$8,531
13 years$16,257$14,226$12,417$10,813$9,398$7,269
14 years$14,940$12,931$11,156$9,599$8,238$6,224
15 years$13,800$11,812$10,073$8,560$7,253$5,349
16 years$12,804$10,838$9,132$7,665$6,410$4,613
17 years$11,925$9,981$8,310$6,887$5,684$3,990
18 years$11,146$9,223$7,586$6,206$5,054$3,458
19 years$10,449$8,548$6,945$5,608$4,505$3,004
20 years$9,822$7,943$6,374$5,079$4,024$2,614
21 years$9,256$7,399$5,862$4,610$3,601$2,278
22 years$8,742$6,906$5,403$4,191$3,228$1,988
23 years$8,274$6,459$4,989$3,817$2,897$1,736
24 years$7,845$6,052$4,614$3,481$2,604$1,518
25 years$7,451$5,679$4,273$3,179$2,343$1,329
26 years$7,088$5,338$3,963$2,907$2,111$1,164
27 years$6,752$5,024$3,680$2,661$1,903$1,020
28 years$6,441$4,734$3,421$2,438$1,717$894
29 years$6,152$4,466$3,184$2,236$1,551$784
30 years$5,883$4,217$2,966$2,052$1,401$688
31 years$5,631$3,987$2,765$1,884$1,267$604
32 years$5,396$3,772$2,580$1,732$1,146$531
33 years$5,176$3,572$2,409$1,593$1,037$466
34 years$4,968$3,386$2,250$1,465$939$410
35 years$4,774$3,211$2,104$1,349$850$360
36 years$4,590$3,048$1,968$1,242$770$317
37 years$4,417$2,895$1,842$1,145$698$278
38 years$4,253$2,751$1,725$1,055$633$245
39 years$4,098$2,616$1,616$973$574$215
40 years$3,951$2,489$1,515$897$521$189
41 years$3,812$2,369$1,421$828$472$166
42 years$3,679$2,257$1,332$764$429$146
43 years$3,554$2,150$1,250$705$389$129
44 years$3,434$2,049$1,174$651$353$113
45 years$3,320$1,954$1,102$601$321$100
46 years$3,211$1,864$1,035$555$291$88
47 years$3,107$1,779$972$513$264$77
48 years$3,007$1,698$914$474$240$68
49 years$2,913$1,622$859$438$218$60
50 years$2,822$1,549$808$405$198$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,890,000, adding $6,909 every year, while hoping to spend $30,557 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: 48/30/22 Blend
49$2,890,000$2,890,000$2,890,000$2,890,000
50$3,191,907$3,038,737$2,993,942$3,324,908
51$3,484,969$3,155,122$3,061,726$3,534,780
52$3,806,899$3,276,187$3,130,758$3,758,936
53$4,160,610$3,402,127$3,201,045$4,001,724
54$4,549,309$3,533,149$3,272,597$4,264,909
55$4,976,532$3,669,466$3,345,423$4,550,431
56$5,446,172$3,811,304$3,419,528$4,860,420
57$5,962,520$3,958,896$3,494,921$5,197,221
58$6,530,301$4,112,486$3,571,605$5,563,413
59$7,154,724$4,272,330$3,649,586$5,961,831
60$7,841,525$4,438,694$3,728,866$6,395,595
61$8,597,027$4,611,855$3,809,449$6,868,137
62$9,428,192$4,792,105$3,891,334$7,383,233
63$10,342,696$4,979,747$3,974,522$7,945,037
64$11,348,994$5,175,097$4,059,011$8,558,120
65$12,456,401$5,378,486$4,144,798$9,227,515
66$13,675,183$5,590,261$4,231,878$9,958,759
67$15,016,650$5,810,782$4,320,244$10,757,947
68$16,493,264$6,040,426$4,409,888$11,631,788
69$18,118,758$6,279,588$4,500,800$12,587,667
70$19,908,262$6,528,679$4,592,968$13,633,715
71$21,878,449$6,788,129$4,686,377$14,778,884
72$24,047,692$7,058,387$4,781,011$16,033,029
73$26,436,232$7,339,924$4,876,851$17,407,002
74$29,066,378$7,633,231$4,973,875$18,912,752
75$31,962,708$7,938,819$5,072,060$20,563,436
76$35,152,309$8,257,225$5,171,378$22,373,545
77$38,665,024$8,589,009$5,271,799$24,359,034
78$42,533,743$8,934,757$5,373,291$26,537,477
79$46,794,705$9,295,081$5,475,817$28,928,229
80$51,487,845$9,670,619$5,579,336$31,552,605
81$56,657,168$10,062,042$5,683,806$34,434,083
82$62,351,164$10,470,047$5,789,179$37,598,521
83$68,623,270$10,895,367$5,895,404$41,074,405
84$75,532,367$11,338,763$6,002,423$44,893,107
85$83,143,343$11,801,037$6,110,179$49,089,189
86$91,527,698$12,283,022$6,218,604$53,700,720
87$100,764,225$12,785,592$6,327,629$58,769,636
88$110,939,749$13,309,659$6,437,178$64,342,136
89$122,149,951$13,856,180$6,547,171$70,469,113
90$134,500,266$14,426,152$6,657,521$77,206,632
91$148,106,879$15,020,620$6,768,134$84,616,459
92$163,097,826$15,640,676$6,878,912$92,766,642
93$179,614,198$16,287,462$6,989,748$101,732,145
94$197,811,471$16,962,173$7,100,530$111,595,563
95$217,860,980$17,666,059$7,211,137$122,447,888
96$239,951,530$18,400,426$7,321,440$134,389,375
97$264,291,182$19,166,642$7,431,304$147,530,479
98$291,109,212$19,966,137$7,540,583$161,992,895
99$320,658,282$20,800,409$7,649,123$177,910,708
100$353,216,819$21,671,021$7,756,760$195,431,649