Can I retire at age 50 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$241,131$238,983$236,887$234,842$232,845$231,087
2 years$119,372$117,149$114,994$112,905$110,879$109,106
3 years$78,791$76,558$74,409$72,339$70,346$68,614
4 years$58,504$56,278$54,150$52,116$50,171$48,493
5 years$46,335$44,123$42,023$40,030$38,139$36,520
6 years$38,225$36,030$33,961$32,013$30,178$28,620
7 years$32,435$30,258$28,222$26,319$24,543$23,046
8 years$28,094$25,936$23,934$22,079$20,361$18,926
9 years$24,720$22,582$20,614$18,806$17,147$15,773
10 years$22,022$19,905$17,972$16,211$14,610$13,296
11 years$19,816$17,720$15,822$14,108$12,565$11,311
12 years$17,979$15,905$14,042$12,375$10,889$9,693
13 years$16,425$14,373$12,546$10,925$9,495$8,356
14 years$15,095$13,065$11,272$9,698$8,323$7,240
15 years$13,944$11,935$10,177$8,649$7,329$6,299
16 years$12,937$10,950$9,227$7,744$6,477$5,500
17 years$12,049$10,085$8,396$6,958$5,743$4,817
18 years$11,261$9,319$7,665$6,271$5,106$4,230
19 years$10,557$8,637$7,017$5,666$4,551$3,723
20 years$9,924$8,025$6,440$5,132$4,065$3,282
21 years$9,352$7,475$5,923$4,657$3,638$2,899
22 years$8,833$6,978$5,459$4,235$3,261$2,564
23 years$8,360$6,526$5,041$3,857$2,927$2,271
24 years$7,926$6,115$4,662$3,517$2,631$2,014
25 years$7,528$5,738$4,318$3,212$2,368$1,787
26 years$7,161$5,393$4,004$2,937$2,133$1,588
27 years$6,822$5,076$3,718$2,688$1,923$1,411
28 years$6,508$4,783$3,457$2,463$1,735$1,256
29 years$6,216$4,512$3,217$2,259$1,567$1,118
30 years$5,944$4,261$2,996$2,073$1,416$995
31 years$5,690$4,028$2,793$1,904$1,280$887
32 years$5,452$3,811$2,606$1,750$1,158$791
33 years$5,229$3,609$2,434$1,609$1,048$705
34 years$5,020$3,421$2,274$1,480$949$629
35 years$4,823$3,245$2,126$1,363$859$561
36 years$4,638$3,080$1,989$1,255$778$501
37 years$4,463$2,925$1,861$1,156$706$447
38 years$4,297$2,780$1,743$1,066$640$399
39 years$4,140$2,643$1,633$983$580$357
40 years$3,992$2,515$1,531$907$526$318
41 years$3,851$2,394$1,435$836$477$284
42 years$3,718$2,280$1,346$772$433$254
43 years$3,590$2,172$1,263$713$393$227
44 years$3,469$2,071$1,186$658$357$203
45 years$3,354$1,975$1,113$608$324$181
46 years$3,244$1,884$1,046$561$294$162
47 years$3,139$1,798$983$519$267$145
48 years$3,039$1,716$923$479$243$130
49 years$2,943$1,639$868$443$220$116
50 years$2,851$1,565$816$409$200$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,920,000, adding $2,853 every year, while hoping to spend $52,847 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: 75/6/19 Blend
49$2,920,000$2,920,000$2,920,000$2,920,000
50$3,220,783$3,066,023$3,020,763$3,447,872
51$3,493,074$3,160,029$3,065,730$3,692,745
52$3,791,367$3,256,871$3,110,432$3,954,309
53$4,118,260$3,356,630$3,154,804$4,239,635
54$4,476,611$3,459,394$3,198,778$4,551,076
55$4,869,570$3,565,248$3,242,282$4,891,229
56$5,300,605$3,674,285$3,285,238$5,262,949
57$5,773,538$3,786,596$3,327,564$5,669,386
58$6,292,577$3,902,277$3,369,175$6,114,006
59$6,862,356$4,021,425$3,409,980$6,600,630
60$7,487,984$4,144,142$3,449,881$7,133,465
61$8,175,083$4,270,531$3,488,777$7,717,146
62$8,929,852$4,400,697$3,526,562$8,356,782
63$9,759,116$4,534,750$3,563,120$9,057,999
64$10,670,395$4,672,802$3,598,334$9,826,995
65$11,671,973$4,814,967$3,632,077$10,670,601
66$12,772,979$4,961,365$3,664,215$11,596,342
67$13,983,466$5,112,115$3,694,610$12,612,508
68$15,314,514$5,267,343$3,723,114$13,728,236
69$16,778,328$5,427,177$3,749,572$14,953,591
70$18,388,356$5,591,747$3,773,821$16,299,665
71$20,159,414$5,761,188$3,795,689$17,778,677
72$22,107,826$5,935,638$3,814,997$19,404,093
73$24,251,579$6,115,239$3,831,554$21,190,751
74$26,610,490$6,300,136$3,845,161$23,155,002
75$29,206,396$6,490,478$3,855,610$25,314,860
76$32,063,356$6,686,419$3,862,680$27,690,178
77$35,207,879$6,888,115$3,866,141$30,302,831
78$38,669,177$7,095,727$3,865,751$33,176,925
79$42,479,436$7,309,420$3,861,256$36,339,022
80$46,674,120$7,529,363$3,852,390$39,818,392
81$51,292,307$7,755,729$3,838,872$43,647,291
82$56,377,059$7,988,696$3,820,411$47,861,262
83$61,975,823$8,228,446$3,796,699$52,499,471
84$68,140,883$8,475,166$3,767,414$57,605,081
85$74,929,849$8,729,045$3,732,219$63,225,653
86$82,406,206$8,990,281$3,690,760$69,413,600
87$90,639,907$9,259,073$3,642,669$76,226,678
88$99,708,037$9,535,626$3,587,557$83,728,535
89$109,695,535$9,820,150$3,525,018$91,989,308
90$120,696,002$10,112,860$3,454,629$101,086,290
91$132,812,580$10,413,976$3,375,945$111,104,652
92$146,158,925$10,723,723$3,288,501$122,138,256
93$160,860,280$11,042,330$3,191,811$134,290,535
94$177,054,657$11,370,033$3,085,365$147,675,470
95$194,894,140$11,707,072$2,968,632$162,418,670
96$214,546,317$12,053,693$2,841,056$178,658,554
97$236,195,865$12,410,147$2,702,055$196,547,659
98$260,046,290$12,776,691$2,551,021$216,254,081
99$286,321,849$13,153,587$2,387,318$237,963,060
100$315,269,667$13,541,102$2,210,282$261,878,732