Can I retire at age 50 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$246,911$244,712$242,566$240,472$238,427$230,518
2 years$122,233$119,957$117,751$115,611$113,537$105,645
3 years$80,679$78,393$76,192$74,073$72,032$64,406
4 years$59,907$57,627$55,449$53,366$51,374$44,072
5 years$47,446$45,180$43,030$40,990$39,054$32,094
6 years$39,142$36,893$34,775$32,780$30,902$24,291
7 years$33,213$30,983$28,898$26,950$25,131$18,869
8 years$28,768$26,558$24,508$22,608$20,849$14,930
9 years$25,312$23,124$21,109$19,257$17,558$11,975
10 years$22,550$20,382$18,403$16,600$14,960$9,704
11 years$20,291$18,145$16,202$14,447$12,866$7,928
12 years$18,410$16,286$14,379$12,672$11,150$6,517
13 years$16,819$14,718$12,846$11,187$9,723$5,385
14 years$15,457$13,378$11,542$9,931$8,523$4,468
15 years$14,278$12,221$10,421$8,856$7,504$3,719
16 years$13,247$11,213$9,448$7,930$6,632$3,104
17 years$12,338$10,326$8,598$7,125$5,881$2,596
18 years$11,531$9,542$7,849$6,421$5,229$2,176
19 years$10,810$8,844$7,185$5,802$4,660$1,826
20 years$10,162$8,218$6,594$5,255$4,163$1,535
21 years$9,576$7,655$6,065$4,769$3,725$1,291
22 years$9,045$7,145$5,590$4,336$3,339$1,087
23 years$8,560$6,683$5,161$3,949$2,997$916
24 years$8,116$6,261$4,773$3,602$2,694$772
25 years$7,709$5,876$4,421$3,289$2,424$652
26 years$7,333$5,523$4,100$3,008$2,184$550
27 years$6,986$5,197$3,808$2,753$1,969$464
28 years$6,664$4,897$3,540$2,522$1,777$392
29 years$6,365$4,620$3,294$2,313$1,604$331
30 years$6,086$4,363$3,068$2,123$1,449$280
31 years$5,826$4,125$2,860$1,950$1,310$237
32 years$5,583$3,903$2,669$1,792$1,185$200
33 years$5,355$3,696$2,492$1,648$1,073$169
34 years$5,140$3,503$2,328$1,516$971$143
35 years$4,939$3,323$2,177$1,396$880$121
36 years$4,749$3,154$2,036$1,285$797$102
37 years$4,570$2,995$1,906$1,184$722$86
38 years$4,400$2,846$1,785$1,091$655$73
39 years$4,240$2,707$1,672$1,006$594$62
40 years$4,088$2,575$1,567$928$539$52
41 years$3,944$2,451$1,470$856$489$44
42 years$3,807$2,335$1,379$790$443$37
43 years$3,676$2,224$1,294$730$402$32
44 years$3,553$2,120$1,214$674$365$27
45 years$3,434$2,022$1,140$622$332$23
46 years$3,322$1,929$1,071$575$301$19
47 years$3,214$1,841$1,006$531$273$16
48 years$3,112$1,757$945$491$248$14
49 years$3,013$1,678$889$453$226$12
50 years$2,919$1,603$835$419$205$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,990,000, adding $4,095 every year, while hoping to spend $54,258 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: 63/9/28 Blend
49$2,990,000$2,990,000$2,990,000$2,990,000
50$3,299,204$3,140,734$3,094,389$3,482,147
51$3,577,993$3,236,900$3,140,321$3,702,905
52$3,883,399$3,335,959$3,185,973$3,937,641
53$4,218,082$3,437,997$3,231,279$4,192,888
54$4,584,967$3,543,100$3,276,167$4,470,666
55$4,987,278$3,651,356$3,320,564$4,773,198
56$5,428,567$3,762,859$3,364,389$5,102,937
57$5,912,744$3,877,702$3,407,559$5,462,582
58$6,444,116$3,995,982$3,449,984$5,855,107
59$7,027,428$4,117,798$3,491,572$6,283,790
60$7,667,908$4,243,252$3,532,222$6,752,238
61$8,371,313$4,372,450$3,571,829$7,264,431
62$9,143,986$4,505,498$3,610,284$7,824,750
63$9,992,913$4,642,508$3,647,470$8,438,021
64$10,925,793$4,783,594$3,683,262$9,109,566
65$11,951,104$4,928,870$3,717,532$9,845,243
66$13,078,190$5,078,459$3,750,143$10,651,513
67$14,317,344$5,232,481$3,780,950$11,535,490
68$15,679,904$5,391,063$3,809,803$12,505,015
69$17,178,364$5,554,335$3,836,542$13,568,728
70$18,826,489$5,722,430$3,860,998$14,736,151
71$20,639,444$5,895,483$3,882,995$16,017,772
72$22,633,940$6,073,634$3,902,347$17,425,154
73$24,828,386$6,257,026$3,918,860$18,971,036
74$27,243,068$6,445,807$3,932,329$20,669,454
75$29,900,337$6,640,127$3,942,537$22,535,879
76$32,824,818$6,840,141$3,949,260$24,587,357
77$36,043,649$7,046,006$3,952,259$26,842,674
78$39,586,727$7,257,887$3,951,286$29,322,531
79$43,486,998$7,475,948$3,946,078$32,049,741
80$47,780,762$7,700,360$3,936,363$35,049,444
81$52,508,021$7,931,299$3,921,852$38,349,343
82$57,712,849$8,168,942$3,902,244$41,979,969
83$63,443,813$8,413,474$3,877,223$45,974,965
84$69,754,430$8,665,082$3,846,457$50,371,408
85$76,703,669$8,923,958$3,809,601$55,210,156
86$84,356,511$9,190,299$3,766,290$60,536,237
87$92,784,558$9,464,307$3,716,143$66,399,271
88$102,066,711$9,746,187$3,658,763$72,853,940
89$112,289,916$10,036,150$3,593,731$79,960,506
90$123,549,978$10,334,411$3,520,612$87,785,377
91$135,952,470$10,641,193$3,438,947$96,401,739
92$149,613,730$10,956,718$3,348,259$105,890,241
93$164,661,952$11,281,219$3,248,048$116,339,763
94$181,238,403$11,614,931$3,137,789$127,848,251
95$199,498,751$11,958,094$3,016,937$140,523,644
96$219,614,537$12,310,954$2,884,917$154,484,895
97$241,774,790$12,673,761$2,741,133$169,863,090
98$266,187,817$13,046,773$2,584,958$186,802,691
99$293,083,159$13,430,250$2,415,740$205,462,897
100$322,713,769$13,824,460$2,232,794$226,019,149