Can I retire at age 50 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$239,479$237,346$235,265$233,234$231,250$228,930
2 years$118,554$116,346$114,206$112,132$110,119$107,783
3 years$78,251$76,033$73,899$71,844$69,864$67,583
4 years$58,103$55,893$53,780$51,759$49,828$47,620
5 years$46,018$43,821$41,735$39,756$37,878$35,751
6 years$37,964$35,783$33,728$31,793$29,972$27,927
7 years$32,213$30,050$28,028$26,139$24,375$22,413
8 years$27,902$25,759$23,770$21,927$20,221$18,343
9 years$24,550$22,428$20,473$18,677$17,029$15,233
10 years$21,871$19,769$17,849$16,100$14,510$12,795
11 years$19,680$17,599$15,714$14,012$12,479$10,844
12 years$17,855$15,796$13,946$12,290$10,814$9,258
13 years$16,313$14,275$12,460$10,850$9,430$7,951
14 years$14,992$12,975$11,195$9,632$8,266$6,861
15 years$13,848$11,853$10,108$8,590$7,278$5,946
16 years$12,848$10,875$9,164$7,691$6,433$5,171
17 years$11,967$10,016$8,339$6,911$5,704$4,509
18 years$11,184$9,255$7,612$6,228$5,071$3,943
19 years$10,485$8,577$6,969$5,627$4,520$3,455
20 years$9,856$7,970$6,396$5,097$4,038$3,033
21 years$9,288$7,424$5,883$4,626$3,613$2,667
22 years$8,772$6,930$5,422$4,206$3,239$2,348
23 years$8,302$6,482$5,006$3,830$2,907$2,070
24 years$7,872$6,073$4,630$3,493$2,613$1,827
25 years$7,477$5,699$4,288$3,190$2,351$1,614
26 years$7,112$5,356$3,977$2,917$2,118$1,427
27 years$6,776$5,041$3,693$2,670$1,910$1,263
28 years$6,463$4,750$3,433$2,446$1,723$1,118
29 years$6,173$4,481$3,195$2,243$1,556$990
30 years$5,903$4,232$2,976$2,059$1,406$878
31 years$5,651$4,001$2,774$1,891$1,271$778
32 years$5,415$3,785$2,588$1,738$1,150$690
33 years$5,193$3,585$2,417$1,598$1,040$613
34 years$4,986$3,398$2,258$1,470$942$544
35 years$4,790$3,223$2,111$1,354$853$483
36 years$4,606$3,059$1,975$1,247$773$429
37 years$4,432$2,905$1,849$1,149$701$381
38 years$4,268$2,761$1,731$1,059$635$338
39 years$4,112$2,625$1,622$976$576$300
40 years$3,965$2,498$1,520$900$522$267
41 years$3,825$2,378$1,425$831$474$237
42 years$3,692$2,264$1,337$767$430$211
43 years$3,566$2,157$1,255$708$390$188
44 years$3,446$2,056$1,178$653$354$167
45 years$3,331$1,961$1,106$603$322$148
46 years$3,222$1,871$1,039$557$292$132
47 years$3,118$1,785$976$515$265$117
48 years$3,018$1,704$917$476$241$104
49 years$2,923$1,628$862$440$219$93
50 years$2,831$1,555$810$406$199$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,900,000, adding $2,198 every year, while hoping to spend $58,310 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: 47/24/29 Blend
49$2,900,000$2,900,000$2,900,000$2,900,000
50$3,198,067$3,044,367$2,999,417$3,321,670
51$3,462,229$3,131,500$3,037,856$3,496,411
52$3,751,380$3,220,948$3,075,629$3,680,150
53$4,068,010$3,312,763$3,112,651$3,878,496
54$4,414,856$3,406,997$3,148,834$4,092,855
55$4,794,935$3,503,704$3,184,084$4,324,774
56$5,211,570$3,602,937$3,218,302$4,575,959
57$5,668,420$3,704,751$3,251,385$4,848,286
58$6,169,515$3,809,199$3,283,222$5,143,824
59$6,719,293$3,916,338$3,313,698$5,464,852
60$7,322,643$4,026,221$3,342,690$5,813,879
61$7,984,952$4,138,905$3,370,069$6,193,670
62$8,712,152$4,254,446$3,395,701$6,607,271
63$9,510,777$4,372,899$3,419,442$7,058,039
64$10,388,026$4,494,322$3,441,144$7,549,672
65$11,351,830$4,618,769$3,460,647$8,086,244
66$12,410,925$4,746,297$3,477,787$8,672,245
67$13,574,936$4,876,962$3,492,390$9,312,621
68$14,854,466$5,010,819$3,504,271$10,012,825
69$16,261,197$5,147,925$3,513,240$10,778,863
70$17,807,999$5,288,333$3,519,093$11,617,354
71$19,509,052$5,432,099$3,521,620$12,535,594
72$21,379,979$5,579,275$3,520,597$13,541,620
73$23,437,991$5,729,914$3,515,792$14,644,292
74$25,702,055$5,884,068$3,506,960$15,853,372
75$28,193,065$6,041,787$3,493,843$17,179,619
76$30,934,043$6,203,121$3,476,173$18,634,888
77$33,950,358$6,368,117$3,453,667$20,232,247
78$37,269,960$6,536,820$3,426,030$21,986,095
79$40,923,647$6,709,274$3,392,953$23,912,302
80$44,945,352$6,885,522$3,354,110$26,028,358
81$49,372,467$7,065,602$3,309,162$28,353,537
82$54,246,193$7,249,550$3,257,753$30,909,081
83$59,611,927$7,437,401$3,199,510$33,718,401
84$65,519,693$7,629,184$3,134,044$36,807,298
85$72,024,614$7,824,925$3,060,946$40,204,205
86$79,187,426$8,024,649$2,979,789$43,940,460
87$87,075,059$8,228,372$2,890,128$48,050,599
88$95,761,262$8,436,109$2,791,494$52,572,683
89$105,327,301$8,647,868$2,683,399$57,548,659
90$115,862,724$8,863,653$2,565,332$63,024,757
91$127,466,211$9,083,460$2,436,759$69,051,925
92$140,246,495$9,307,281$2,297,121$75,686,312
93$154,323,399$9,535,099$2,145,836$82,989,800
94$169,828,958$9,766,890$1,982,294$91,030,588
95$186,908,667$10,002,624$1,805,856$99,883,835
96$205,722,858$10,242,259$1,615,859$109,632,373
97$226,448,205$10,485,745$1,411,606$120,367,489
98$249,279,398$10,733,023$1,192,371$132,189,790
99$274,430,978$10,984,022$957,396$145,210,148
100$302,139,359$11,238,660$705,890$159,550,755