Can I retire at age 50 with 2,950,000?

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$243,608$241,438$239,321$237,255$235,237$233,657
2 years$120,598$118,352$116,175$114,065$112,018$110,424
3 years$79,600$77,344$75,173$73,082$71,069$69,511
4 years$59,105$56,856$54,707$52,652$50,687$49,177
5 years$46,811$44,576$42,455$40,442$38,531$37,073
6 years$38,618$36,400$34,310$32,341$30,488$29,085
7 years$32,768$30,568$28,512$26,590$24,795$23,446
8 years$28,383$26,203$24,180$22,305$20,570$19,276
9 years$24,974$22,814$20,826$18,999$17,323$16,084
10 years$22,248$20,110$18,157$16,378$14,760$13,575
11 years$20,019$17,902$15,985$14,253$12,694$11,562
12 years$18,163$16,068$14,186$12,502$11,000$9,920
13 years$16,594$14,521$12,674$11,038$9,593$8,563
14 years$15,250$13,199$11,388$9,798$8,409$7,429
15 years$14,087$12,058$10,282$8,738$7,404$6,473
16 years$13,070$11,063$9,322$7,824$6,544$5,659
17 years$12,173$10,188$8,483$7,030$5,802$4,963
18 years$11,377$9,414$7,744$6,335$5,159$4,364
19 years$10,666$8,725$7,089$5,724$4,598$3,846
20 years$10,026$8,108$6,506$5,185$4,107$3,396
21 years$9,448$7,552$5,984$4,705$3,675$3,004
22 years$8,924$7,050$5,515$4,278$3,295$2,661
23 years$8,445$6,593$5,092$3,896$2,957$2,361
24 years$8,008$6,178$4,710$3,554$2,658$2,096
25 years$7,606$5,797$4,362$3,245$2,392$1,863
26 years$7,235$5,449$4,046$2,967$2,155$1,658
27 years$6,892$5,128$3,757$2,716$1,943$1,476
28 years$6,575$4,832$3,492$2,489$1,753$1,315
29 years$6,280$4,558$3,250$2,282$1,583$1,173
30 years$6,005$4,305$3,027$2,094$1,430$1,046
31 years$5,748$4,070$2,822$1,923$1,293$934
32 years$5,508$3,851$2,633$1,768$1,170$834
33 years$5,283$3,647$2,459$1,626$1,058$745
34 years$5,072$3,456$2,297$1,496$958$665
35 years$4,873$3,278$2,148$1,377$868$595
36 years$4,685$3,111$2,009$1,268$786$532
37 years$4,508$2,955$1,880$1,168$713$475
38 years$4,341$2,808$1,761$1,077$646$425
39 years$4,183$2,671$1,650$993$586$380
40 years$4,033$2,541$1,546$916$531$340
41 years$3,891$2,419$1,450$845$482$305
42 years$3,756$2,303$1,360$780$438$273
43 years$3,627$2,195$1,276$720$397$244
44 years$3,505$2,092$1,198$665$360$218
45 years$3,388$1,995$1,125$614$327$196
46 years$3,277$1,903$1,057$567$297$175
47 years$3,171$1,816$993$524$270$157
48 years$3,070$1,734$933$484$245$140
49 years$2,973$1,656$877$447$223$126
50 years$2,880$1,581$824$414$202$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,950,000, adding $5,651 every year, while hoping to spend $34,227 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: 27/45/28 Blend
49$2,950,000$2,950,000$2,950,000$2,950,000
50$3,256,729$3,100,379$3,054,654$3,316,153
51$3,552,498$3,215,880$3,120,568$3,480,244
52$3,877,289$3,335,894$3,187,542$3,652,983
53$4,234,024$3,460,605$3,255,577$3,837,754
54$4,625,926$3,590,207$3,324,671$4,035,605
55$5,056,544$3,724,899$3,394,820$4,247,687
56$5,529,785$3,864,894$3,466,021$4,475,260
57$6,049,958$4,010,408$3,538,267$4,719,708
58$6,621,806$4,161,671$3,611,552$4,982,548
59$7,250,558$4,318,920$3,685,866$5,265,446
60$7,941,972$4,482,404$3,761,200$5,570,229
61$8,702,394$4,652,383$3,837,541$5,898,904
62$9,538,815$4,829,126$3,914,875$6,253,675
63$10,458,937$5,012,917$3,993,186$6,636,964
64$11,471,248$5,204,048$4,072,457$7,051,427
65$12,585,097$5,402,828$4,152,666$7,499,988
66$13,810,788$5,609,578$4,233,791$7,985,857
67$15,159,672$5,824,632$4,315,808$8,512,562
68$16,644,259$6,048,339$4,398,687$9,083,982
69$18,278,330$6,281,064$4,482,400$9,704,380
70$20,077,071$6,523,188$4,566,912$10,378,447
71$22,057,217$6,775,108$4,652,188$11,111,337
72$24,237,203$7,037,239$4,738,187$11,908,722
73$26,637,349$7,310,014$4,824,866$12,776,838
74$29,280,039$7,593,886$4,912,181$13,722,546
75$32,189,943$7,889,327$5,000,079$14,753,396
76$35,394,243$8,196,829$5,088,506$15,877,691
77$38,922,890$8,516,908$5,177,406$17,104,571
78$42,808,890$8,850,101$5,266,714$18,444,090
79$47,088,611$9,196,971$5,356,364$19,907,318
80$51,802,131$9,558,104$5,446,283$21,506,433
81$56,993,609$9,934,112$5,536,394$23,254,843
82$62,711,710$10,325,636$5,626,616$25,167,305
83$69,010,057$10,733,344$5,716,860$27,260,066
84$75,947,740$11,157,935$5,807,032$29,551,009
85$83,589,874$11,600,139$5,897,033$32,059,825
86$92,008,214$12,060,719$5,986,756$34,808,192
87$101,281,827$12,540,469$6,076,088$37,819,981
88$111,497,846$13,040,225$6,164,909$41,121,474
89$122,752,284$13,560,854$6,253,092$44,741,614
90$135,150,948$14,103,266$6,340,501$48,712,272
91$148,810,430$14,668,411$6,426,993$53,068,547
92$163,859,213$15,257,282$6,512,416$57,849,092
93$180,438,880$15,870,917$6,596,609$63,096,478
94$198,705,453$16,510,399$6,679,403$68,857,590
95$218,830,864$17,176,864$6,760,618$75,184,067
96$241,004,576$17,871,494$6,840,063$82,132,789
97$265,435,376$18,595,530$6,917,538$89,766,403
98$292,353,339$19,350,266$6,992,830$98,153,917
99$322,012,007$20,137,056$7,065,717$107,371,344
100$354,690,776$20,957,316$7,135,963$117,502,415