Can I retire at age 50 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$241,957$239,801$237,699$235,646$233,642$226,708
2 years$119,781$117,550$115,388$113,292$111,258$104,330
3 years$79,060$76,820$74,664$72,587$70,587$63,881
4 years$58,704$56,471$54,336$52,295$50,343$43,911
5 years$46,494$44,274$42,167$40,167$38,270$32,130
6 years$38,356$36,153$34,077$32,122$30,282$24,438
7 years$32,546$30,361$28,318$26,409$24,627$19,081
8 years$28,190$26,025$24,016$22,154$20,431$15,177
9 years$24,804$22,660$20,685$18,870$17,206$12,240
10 years$22,097$19,973$18,034$16,267$14,660$9,976
11 years$19,884$17,781$15,877$14,157$12,608$8,197
12 years$18,040$15,959$14,090$12,417$10,926$6,779
13 years$16,482$14,423$12,589$10,963$9,528$5,636
14 years$15,147$13,110$11,311$9,731$8,352$4,705
15 years$13,991$11,976$10,212$8,679$7,354$3,941
16 years$12,981$10,988$9,259$7,771$6,499$3,311
17 years$12,091$10,119$8,425$6,982$5,763$2,788
18 years$11,300$9,351$7,691$6,292$5,124$2,352
19 years$10,593$8,666$7,041$5,686$4,567$1,988
20 years$9,958$8,053$6,462$5,149$4,079$1,682
21 years$9,384$7,501$5,944$4,673$3,651$1,425
22 years$8,863$7,002$5,478$4,249$3,272$1,208
23 years$8,388$6,549$5,058$3,870$2,937$1,025
24 years$7,953$6,136$4,678$3,530$2,640$871
25 years$7,554$5,758$4,332$3,223$2,376$740
26 years$7,186$5,412$4,018$2,947$2,140$629
27 years$6,846$5,093$3,731$2,698$1,929$535
28 years$6,530$4,799$3,469$2,472$1,741$455
29 years$6,237$4,527$3,228$2,267$1,572$387
30 years$5,964$4,276$3,007$2,080$1,420$330
31 years$5,709$4,042$2,803$1,910$1,284$281
32 years$5,471$3,824$2,615$1,756$1,162$239
33 years$5,247$3,622$2,442$1,615$1,051$204
34 years$5,037$3,433$2,282$1,486$952$173
35 years$4,840$3,256$2,133$1,368$862$148
36 years$4,654$3,090$1,995$1,259$781$126
37 years$4,478$2,935$1,868$1,160$708$107
38 years$4,312$2,789$1,749$1,070$642$91
39 years$4,155$2,652$1,639$986$582$78
40 years$4,006$2,524$1,536$910$528$66
41 years$3,865$2,402$1,440$839$479$57
42 years$3,730$2,288$1,351$775$435$48
43 years$3,603$2,180$1,268$715$394$41
44 years$3,481$2,078$1,190$660$358$35
45 years$3,366$1,981$1,117$610$325$30
46 years$3,255$1,890$1,049$563$295$25
47 years$3,150$1,804$986$520$268$22
48 years$3,049$1,722$926$481$243$19
49 years$2,953$1,644$871$444$221$16
50 years$2,861$1,571$819$411$201$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,930,000, adding $3,109 every year, while hoping to spend $22,225 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: 81/8/11 Blend
49$2,930,000$2,930,000$2,930,000$2,930,000
50$3,232,067$3,076,777$3,031,362$3,487,542
51$3,538,091$3,203,892$3,109,265$3,782,651
52$3,874,584$3,336,490$3,189,034$4,103,275
53$4,244,631$3,474,818$3,270,706$4,454,549
54$4,651,630$3,619,131$3,354,321$4,839,533
55$5,099,326$3,769,698$3,439,921$5,261,596
56$5,591,843$3,926,799$3,527,544$5,724,448
57$6,133,728$4,090,729$3,617,233$6,232,177
58$6,729,987$4,261,794$3,709,030$6,789,282
59$7,386,139$4,440,315$3,802,976$7,400,722
60$8,108,264$4,626,629$3,899,114$8,071,957
61$8,903,061$4,821,089$3,997,489$8,809,000
62$9,777,912$5,024,060$4,098,143$9,618,478
63$10,740,950$5,235,930$4,201,122$10,507,686
64$11,801,137$5,457,101$4,306,470$11,484,665
65$12,968,348$5,687,994$4,414,232$12,558,269
66$14,253,465$5,929,051$4,524,454$13,738,254
67$15,668,478$6,180,734$4,637,182$15,035,366
68$17,226,598$6,443,525$4,752,463$16,461,445
69$18,942,385$6,717,932$4,870,345$18,029,534
70$20,831,880$7,004,482$4,990,873$19,754,002
71$22,912,761$7,303,731$5,114,096$21,650,681
72$25,204,507$7,616,258$5,240,063$23,737,012
73$27,728,582$7,942,670$5,368,820$26,032,211
74$30,508,639$8,283,603$5,500,417$28,557,450
75$33,570,741$8,639,721$5,634,903$31,336,056
76$36,943,610$9,011,720$5,772,326$34,393,729
77$40,658,895$9,400,331$5,912,735$37,758,786
78$44,751,470$9,806,315$6,056,179$41,462,429
79$49,259,766$10,230,471$6,202,708$45,539,033
80$54,226,134$10,673,636$6,352,370$50,026,477
81$59,697,241$11,136,684$6,505,215$54,966,497
82$65,724,511$11,620,534$6,661,292$60,405,077
83$72,364,615$12,126,144$6,820,648$66,392,890
84$79,680,000$12,654,519$6,983,334$72,985,766
85$87,739,481$13,206,711$7,149,397$80,245,226
86$96,618,891$13,783,823$7,318,885$88,239,057
87$106,401,795$14,387,008$7,491,845$97,041,955
88$117,180,281$15,017,474$7,668,324$106,736,224
89$129,055,825$15,676,486$7,848,369$117,412,557
90$142,140,255$16,365,369$8,032,025$129,170,888
91$156,556,799$17,085,510$8,219,336$142,121,338
92$172,441,255$17,838,363$8,410,347$156,385,248
93$189,943,270$18,625,449$8,605,099$172,096,329
94$209,227,749$19,448,362$8,803,636$189,401,918
95$230,476,419$20,308,771$9,005,997$208,464,371
96$253,889,537$21,208,425$9,212,222$229,462,596
97$279,687,786$22,149,154$9,422,348$252,593,734
98$308,114,354$23,132,876$9,636,410$278,075,027
99$339,437,232$24,161,601$9,854,444$306,145,861
100$373,951,743$25,237,433$10,076,481$337,070,027