Can I retire at age 50 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$247,737$245,530$243,378$241,276$239,224$231,197
2 years$122,642$120,358$118,144$115,998$113,916$105,908
3 years$80,949$78,655$76,447$74,321$72,273$64,535
4 years$60,107$57,820$55,634$53,544$51,546$44,138
5 years$47,605$45,332$43,174$41,127$39,184$32,126
6 years$39,273$37,017$34,891$32,890$31,005$24,302
7 years$33,324$31,087$28,995$27,040$25,216$18,866
8 years$28,864$26,647$24,590$22,684$20,919$14,919
9 years$25,397$23,201$21,179$19,321$17,617$11,959
10 years$22,625$20,450$18,465$16,655$15,010$9,685
11 years$20,359$18,206$16,256$14,495$12,909$7,907
12 years$18,471$16,341$14,427$12,714$11,187$6,496
13 years$16,875$14,767$12,889$11,225$9,755$5,364
14 years$15,509$13,423$11,581$9,964$8,551$4,447
15 years$14,326$12,262$10,456$8,886$7,529$3,699
16 years$13,291$11,250$9,480$7,957$6,654$3,085
17 years$12,379$10,361$8,626$7,149$5,900$2,579
18 years$11,570$9,574$7,875$6,443$5,246$2,159
19 years$10,846$8,873$7,209$5,821$4,676$1,811
20 years$10,196$8,245$6,616$5,272$4,177$1,521
21 years$9,608$7,680$6,086$4,785$3,738$1,278
22 years$9,075$7,169$5,609$4,351$3,350$1,076
23 years$8,589$6,705$5,179$3,962$3,007$906
24 years$8,143$6,282$4,789$3,614$2,703$763
25 years$7,734$5,896$4,436$3,300$2,432$643
26 years$7,358$5,541$4,114$3,018$2,191$542
27 years$7,009$5,215$3,820$2,762$1,975$458
28 years$6,686$4,914$3,551$2,531$1,782$386
29 years$6,386$4,636$3,305$2,321$1,610$326
30 years$6,107$4,378$3,078$2,130$1,454$275
31 years$5,846$4,139$2,870$1,956$1,315$232
32 years$5,601$3,916$2,678$1,798$1,189$196
33 years$5,373$3,708$2,500$1,653$1,076$166
34 years$5,158$3,515$2,336$1,521$975$140
35 years$4,955$3,334$2,184$1,400$883$118
36 years$4,765$3,164$2,043$1,290$800$100
37 years$4,585$3,005$1,912$1,188$725$85
38 years$4,415$2,856$1,791$1,095$657$71
39 years$4,254$2,716$1,678$1,010$596$60
40 years$4,101$2,584$1,573$931$541$51
41 years$3,957$2,460$1,475$859$490$43
42 years$3,819$2,342$1,383$793$445$36
43 years$3,689$2,232$1,298$732$404$31
44 years$3,564$2,127$1,218$676$367$26
45 years$3,446$2,029$1,144$624$333$22
46 years$3,333$1,935$1,074$577$302$19
47 years$3,225$1,847$1,009$533$274$16
48 years$3,122$1,763$949$492$249$13
49 years$3,023$1,684$892$455$226$11
50 years$2,929$1,608$838$421$206$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,000,000, adding $5,407 every year, while hoping to spend $40,140 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: 54/18/28 Blend
49$3,000,000$3,000,000$3,000,000$3,000,000
50$3,311,577$3,152,577$3,106,077$3,464,351
51$3,606,650$3,264,345$3,167,422$3,682,337
52$3,930,474$3,380,244$3,229,477$3,914,978
53$4,285,941$3,500,434$3,292,223$4,167,463
54$4,676,233$3,625,082$3,355,639$4,441,711
55$5,104,860$3,754,362$3,419,703$4,739,835
56$5,575,683$3,888,453$3,484,391$5,064,163
57$6,092,959$4,027,544$3,549,674$5,417,253
58$6,661,376$4,171,829$3,615,524$5,801,926
59$7,286,101$4,321,513$3,681,909$6,221,283
60$7,972,824$4,476,808$3,748,793$6,678,742
61$8,727,814$4,637,933$3,816,139$7,178,064
62$9,557,978$4,805,119$3,883,907$7,723,391
63$10,470,927$4,978,605$3,952,053$8,319,285
64$11,475,044$5,158,639$4,020,530$8,970,768
65$12,579,568$5,345,482$4,089,288$9,683,373
66$13,794,677$5,539,404$4,158,272$10,463,191
67$15,131,585$5,740,685$4,227,424$11,316,932
68$16,602,648$5,949,620$4,296,684$12,251,988
69$18,221,479$6,166,513$4,365,985$13,276,497
70$20,003,081$6,391,683$4,435,256$14,399,427
71$21,963,980$6,625,461$4,504,422$15,630,654
72$24,122,390$6,868,192$4,573,404$16,981,058
73$26,498,377$7,120,237$4,642,117$18,462,625
74$29,114,054$7,381,970$4,710,469$20,088,557
75$31,993,784$7,653,783$4,778,366$21,873,400
76$35,164,414$7,936,083$4,845,706$23,833,177
77$38,655,527$8,229,294$4,912,380$25,985,541
78$42,499,721$8,533,859$4,978,275$28,349,941
79$46,732,915$8,850,240$5,043,269$30,947,805
80$51,394,688$9,178,918$5,107,235$33,802,739
81$56,528,655$9,520,394$5,170,036$36,940,753
82$62,182,875$9,875,191$5,231,530$40,390,505
83$68,410,308$10,243,855$5,291,565$44,183,567
84$75,269,309$10,626,953$5,349,982$48,354,729
85$82,824,184$11,025,080$5,406,612$52,942,320
86$91,145,795$11,438,853$5,461,278$57,988,575
87$100,312,227$11,868,917$5,513,792$63,540,028
88$110,409,526$12,315,946$5,563,956$69,647,955
89$121,532,511$12,780,641$5,611,562$76,368,851
90$133,785,669$13,263,734$5,656,391$83,764,971
91$147,284,140$13,765,990$5,698,213$91,904,910
92$162,154,803$14,288,204$5,736,784$100,864,251
93$178,537,476$14,831,209$5,771,849$110,726,281
94$196,586,232$15,395,872$5,803,139$121,582,772
95$216,470,856$15,983,098$5,830,373$133,534,849
96$238,378,446$16,593,833$5,853,253$146,693,944
97$262,515,179$17,229,061$5,871,468$161,182,844
98$289,108,255$17,889,814$5,884,690$177,136,851
99$318,408,045$18,577,163$5,892,576$194,705,062
100$350,690,453$19,292,231$5,894,765$214,051,766