Can I retire at age 50 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$244,434$242,257$240,132$238,059$236,035$232,124
2 years$121,007$118,753$116,569$114,451$112,397$108,469
3 years$79,870$77,607$75,428$73,330$71,310$67,486
4 years$59,306$57,049$54,892$52,830$50,859$47,169
5 years$46,970$44,727$42,599$40,579$38,662$35,117
6 years$38,749$36,523$34,426$32,451$30,592$27,195
7 years$32,879$30,672$28,608$26,680$24,879$21,632
8 years$28,479$26,292$24,262$22,381$20,640$17,542
9 years$25,058$22,892$20,897$19,064$17,382$14,431
10 years$22,323$20,178$18,218$16,433$14,810$12,004
11 years$20,087$17,963$16,039$14,302$12,737$10,073
12 years$18,225$16,123$14,234$12,545$11,038$8,512
13 years$16,650$14,570$12,717$11,075$9,625$7,234
14 years$15,302$13,244$11,427$9,831$8,437$6,177
15 years$14,135$12,099$10,317$8,768$7,429$5,295
16 years$13,114$11,100$9,354$7,850$6,566$4,553
17 years$12,214$10,223$8,511$7,054$5,822$3,926
18 years$11,416$9,446$7,770$6,357$5,176$3,394
19 years$10,702$8,755$7,113$5,744$4,614$2,939
20 years$10,060$8,135$6,528$5,202$4,121$2,550
21 years$9,480$7,578$6,004$4,721$3,688$2,216
22 years$8,954$7,074$5,534$4,293$3,306$1,927
23 years$8,474$6,616$5,110$3,909$2,967$1,678
24 years$8,035$6,199$4,726$3,566$2,667$1,463
25 years$7,631$5,817$4,377$3,256$2,400$1,276
26 years$7,260$5,467$4,059$2,977$2,162$1,114
27 years$6,916$5,145$3,769$2,725$1,949$973
28 years$6,597$4,848$3,504$2,497$1,759$851
29 years$6,301$4,574$3,261$2,290$1,588$744
30 years$6,025$4,319$3,037$2,101$1,435$651
31 years$5,768$4,083$2,832$1,930$1,297$569
32 years$5,527$3,864$2,642$1,774$1,173$498
33 years$5,301$3,659$2,467$1,631$1,062$436
34 years$5,089$3,468$2,305$1,501$962$382
35 years$4,889$3,289$2,155$1,382$871$335
36 years$4,701$3,122$2,016$1,272$789$293
37 years$4,524$2,965$1,887$1,172$715$257
38 years$4,356$2,818$1,767$1,081$648$225
39 years$4,197$2,680$1,655$996$588$197
40 years$4,047$2,549$1,552$919$533$173
41 years$3,904$2,427$1,455$848$484$152
42 years$3,769$2,311$1,365$782$439$133
43 years$3,640$2,202$1,281$722$398$117
44 years$3,517$2,099$1,202$667$362$102
45 years$3,400$2,002$1,129$616$328$90
46 years$3,288$1,909$1,060$569$298$79
47 years$3,182$1,822$996$526$271$69
48 years$3,080$1,740$936$486$246$60
49 years$2,983$1,661$880$449$223$53
50 years$2,890$1,587$827$415$203$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,960,000, adding $2,432 every year, while hoping to spend $54,190 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: 45/38/17 Blend
49$2,960,000$2,960,000$2,960,000$2,960,000
50$3,264,429$3,107,549$3,061,669$3,395,305
51$3,539,743$3,202,161$3,106,577$3,581,662
52$3,841,322$3,299,593$3,151,173$3,778,017
53$4,171,790$3,399,925$3,195,390$3,989,790
54$4,534,033$3,503,242$3,239,156$4,218,436
55$4,931,231$3,609,628$3,282,394$4,465,550
56$5,366,887$3,719,170$3,325,025$4,732,893
57$5,844,859$3,831,959$3,366,964$5,022,396
58$6,369,397$3,948,087$3,408,119$5,336,190
59$6,945,181$4,067,649$3,448,397$5,676,616
60$7,577,368$4,190,742$3,487,696$6,046,253
61$8,271,636$4,317,465$3,525,911$6,447,938
62$9,034,244$4,447,922$3,562,929$6,884,795
63$9,872,082$4,582,215$3,598,633$7,360,264
64$10,792,745$4,720,454$3,632,897$7,878,131
65$11,804,597$4,862,749$3,665,592$8,442,565
66$12,916,855$5,009,213$3,696,578$9,058,158
67$14,139,671$5,159,961$3,725,710$9,729,965
68$15,484,231$5,315,112$3,752,835$10,463,553
69$16,962,859$5,474,789$3,777,791$11,265,056
70$18,589,133$5,639,116$3,800,409$12,141,226
71$20,378,013$5,808,221$3,820,511$13,099,502
72$22,345,981$5,982,235$3,837,910$14,148,077
73$24,511,199$6,161,292$3,852,407$15,295,976
74$26,893,675$6,345,530$3,863,797$16,553,140
75$29,515,458$6,535,088$3,871,862$17,930,521
76$32,400,839$6,730,112$3,876,374$19,440,184
77$35,576,586$6,930,749$3,877,094$21,095,417
78$39,072,190$7,137,149$3,873,769$22,910,864
79$42,920,151$7,349,466$3,866,138$24,902,656
80$47,156,275$7,567,858$3,853,922$27,088,563
81$51,820,019$7,792,488$3,836,833$29,488,167
82$56,954,860$8,023,519$3,814,566$32,123,039
83$62,608,705$8,261,120$3,786,803$35,016,949
84$68,834,342$8,505,464$3,753,210$38,196,085
85$75,689,940$8,756,727$3,713,437$41,689,301
86$83,239,595$9,015,088$3,667,119$45,528,391
87$91,553,938$9,280,731$3,613,871$49,748,386
88$100,710,796$9,553,844$3,553,292$54,387,887
89$110,795,932$9,834,617$3,484,963$59,489,424
90$121,903,850$10,123,246$3,408,442$65,099,864
91$134,138,688$10,419,930$3,323,270$71,270,848
92$147,615,200$10,724,872$3,228,965$78,059,278
93$162,459,838$11,038,279$3,125,023$85,527,857
94$178,811,948$11,360,361$3,010,918$93,745,678
95$196,825,081$11,691,333$2,886,098$102,788,876
96$216,668,444$12,031,414$2,749,987$112,741,348
97$238,528,498$12,380,825$2,601,984$123,695,543
98$262,610,713$12,739,794$2,441,459$135,753,333
99$289,141,512$13,108,550$2,267,754$149,026,978
100$318,370,404$13,487,327$2,080,181$163,640,184