Can I retire at age 50 with 3,100,000?

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 $3,100,000?

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$255,995$253,715$251,490$249,319$247,198$238,903
2 years$126,730$124,370$122,083$119,865$117,714$109,438
3 years$83,648$81,277$78,996$76,799$74,682$66,686
4 years$62,110$59,747$57,489$55,329$53,264$45,609
5 years$49,192$46,843$44,613$42,498$40,490$33,196
6 years$40,582$38,251$36,054$33,986$32,039$25,112
7 years$34,434$32,123$29,961$27,942$26,056$19,495
8 years$29,826$27,535$25,410$23,440$21,616$15,416
9 years$26,243$23,974$21,885$19,965$18,204$12,357
10 years$23,379$21,132$19,080$17,210$15,511$10,008
11 years$21,037$18,813$16,798$14,978$13,340$8,171
12 years$19,087$16,885$14,908$13,138$11,560$6,713
13 years$17,438$15,259$13,319$11,599$10,080$5,543
14 years$16,026$13,870$11,967$10,296$8,836$4,595
15 years$14,803$12,671$10,805$9,182$7,780$3,822
16 years$13,734$11,625$9,796$8,222$6,876$3,188
17 years$12,792$10,706$8,914$7,387$6,097$2,665
18 years$11,956$9,893$8,137$6,657$5,421$2,231
19 years$11,208$9,169$7,449$6,015$4,832$1,871
20 years$10,536$8,520$6,837$5,448$4,316$1,572
21 years$9,929$7,936$6,288$4,945$3,862$1,321
22 years$9,377$7,408$5,796$4,496$3,462$1,112
23 years$8,875$6,929$5,351$4,094$3,108$936
24 years$8,415$6,492$4,949$3,734$2,793$789
25 years$7,992$6,092$4,584$3,410$2,514$665
26 years$7,603$5,726$4,251$3,118$2,264$561
27 years$7,243$5,389$3,948$2,854$2,041$473
28 years$6,909$5,078$3,670$2,615$1,842$399
29 years$6,599$4,790$3,415$2,398$1,663$337
30 years$6,310$4,524$3,181$2,201$1,503$284
31 years$6,041$4,276$2,966$2,021$1,359$240
32 years$5,788$4,046$2,767$1,858$1,229$203
33 years$5,552$3,832$2,584$1,708$1,112$171
34 years$5,329$3,632$2,414$1,572$1,007$145
35 years$5,120$3,445$2,257$1,447$912$122
36 years$4,924$3,270$2,111$1,333$826$103
37 years$4,738$3,105$1,976$1,228$749$87
38 years$4,562$2,951$1,850$1,132$679$74
39 years$4,396$2,806$1,734$1,043$616$62
40 years$4,238$2,670$1,625$962$559$53
41 years$4,089$2,542$1,524$888$507$45
42 years$3,947$2,420$1,429$819$460$38
43 years$3,812$2,306$1,341$756$417$32
44 years$3,683$2,198$1,259$698$379$27
45 years$3,561$2,096$1,182$645$344$23
46 years$3,444$2,000$1,110$596$312$19
47 years$3,333$1,908$1,043$550$283$16
48 years$3,226$1,822$980$509$257$14
49 years$3,124$1,740$921$470$234$12
50 years$3,027$1,662$866$435$212$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,100,000, adding $3,382 every year, while hoping to spend $39,079 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: 89/5/6 Blend
49$3,100,000$3,100,000$3,100,000$3,100,000
50$3,419,689$3,255,389$3,207,339$3,723,262
51$3,726,917$3,373,323$3,273,205$4,039,148
52$4,064,173$3,495,726$3,339,967$4,380,607
53$4,434,478$3,622,776$3,407,616$4,754,782
54$4,841,161$3,754,658$3,476,137$5,164,947
55$5,287,888$3,891,565$3,545,516$5,614,708
56$5,778,698$4,033,697$3,615,736$6,108,035
57$6,318,041$4,181,264$3,686,780$6,649,303
58$6,910,820$4,334,485$3,758,625$7,243,330
59$7,562,435$4,493,586$3,831,250$7,895,424
60$8,278,836$4,658,804$3,904,630$8,611,432
61$9,066,578$4,830,387$3,978,736$9,397,794
62$9,932,884$5,008,591$4,053,539$10,261,605
63$10,885,711$5,193,685$4,129,006$11,210,682
64$11,933,826$5,385,948$4,205,100$12,253,636
65$13,086,889$5,585,672$4,281,783$13,399,954
66$14,355,542$5,793,160$4,359,013$14,660,088
67$15,751,513$6,008,730$4,436,745$16,045,553
68$17,287,720$6,232,711$4,514,930$17,569,036
69$18,978,402$6,465,449$4,593,514$19,244,515
70$20,839,245$6,707,301$4,672,443$21,087,390
71$22,887,533$6,958,643$4,751,654$23,114,629
72$25,142,310$7,219,866$4,831,083$25,344,928
73$27,624,562$7,491,376$4,910,662$27,798,886
74$30,357,413$7,773,599$4,990,314$30,499,200
75$33,366,342$8,066,978$5,069,963$33,470,879
76$36,679,425$8,371,976$5,149,522$36,741,477
77$40,327,598$8,689,074$5,228,903$40,341,357
78$44,344,951$9,018,777$5,308,009$44,303,974
79$48,769,048$9,361,609$5,386,739$48,666,192
80$53,641,282$9,718,119$5,464,986$53,468,630
81$59,007,264$10,088,878$5,542,634$58,756,046
82$64,917,255$10,474,484$5,619,563$64,577,759
83$71,426,640$10,875,558$5,695,643$70,988,113
84$78,596,448$11,292,751$5,770,738$78,046,993
85$86,493,932$11,726,743$5,844,704$85,820,384
86$95,193,200$12,178,240$5,917,388$94,380,998
87$104,775,915$12,647,982$5,988,629$103,808,958
88$115,332,067$13,136,742$6,058,257$114,192,555
89$126,960,820$13,645,324$6,126,091$125,629,078
90$139,771,449$14,174,571$6,191,941$138,225,735
91$153,884,373$14,725,360$6,255,606$152,100,663
92$169,432,286$15,298,610$6,316,876$167,384,042
93$186,561,415$15,895,278$6,375,527$184,219,327
94$205,432,897$16,516,364$6,431,325$202,764,593
95$226,224,299$17,162,913$6,484,022$223,194,038
96$249,131,299$17,836,017$6,533,357$245,699,616
97$274,369,523$18,536,814$6,579,057$270,492,857
98$302,176,593$19,266,495$6,620,833$297,806,856
99$332,814,356$20,026,305$6,658,382$327,898,478
100$366,571,368$20,817,541$6,691,385$361,050,779