Can I retire at age 50 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$280,769$278,268$275,828$273,446$271,121$260,879
2 years$138,994$136,406$133,897$131,465$129,105$118,906
3 years$91,743$89,143$86,640$84,231$81,910$72,073
4 years$68,121$65,529$63,052$60,683$58,419$49,020
5 years$53,952$51,376$48,931$46,611$44,409$35,473
6 years$44,509$41,952$39,543$37,275$35,139$26,672
7 years$37,767$35,231$32,861$30,646$28,578$20,576
8 years$32,712$30,200$27,869$25,708$23,708$16,165
9 years$28,783$26,294$24,003$21,897$19,965$12,871
10 years$25,642$23,177$20,926$18,876$17,012$10,352
11 years$23,073$20,633$18,423$16,428$14,631$8,391
12 years$20,934$18,519$16,350$14,409$12,679$6,843
13 years$19,126$16,736$14,608$12,721$11,056$5,608
14 years$17,577$15,213$13,125$11,292$9,692$4,614
15 years$16,236$13,897$11,850$10,071$8,533$3,808
16 years$15,063$12,750$10,744$9,017$7,542$3,151
17 years$14,030$11,742$9,777$8,102$6,687$2,612
18 years$13,112$10,851$8,925$7,302$5,946$2,170
19 years$12,293$10,056$8,170$6,598$5,300$1,805
20 years$11,556$9,345$7,498$5,975$4,734$1,503
21 years$10,890$8,704$6,897$5,423$4,236$1,252
22 years$10,285$8,125$6,357$4,931$3,797$1,045
23 years$9,734$7,599$5,869$4,491$3,408$872
24 years$9,229$7,120$5,428$4,096$3,064$728
25 years$8,766$6,682$5,027$3,740$2,757$609
26 years$8,339$6,280$4,663$3,420$2,483$509
27 years$7,944$5,910$4,330$3,130$2,239$425
28 years$7,578$5,569$4,025$2,868$2,020$356
29 years$7,238$5,254$3,746$2,630$1,824$298
30 years$6,921$4,962$3,489$2,414$1,648$249
31 years$6,625$4,690$3,253$2,217$1,490$208
32 years$6,348$4,438$3,035$2,037$1,348$174
33 years$6,089$4,203$2,834$1,874$1,220$146
34 years$5,845$3,983$2,648$1,724$1,104$122
35 years$5,616$3,778$2,475$1,587$1,000$102
36 years$5,400$3,586$2,316$1,461$906$86
37 years$5,196$3,406$2,167$1,347$821$72
38 years$5,003$3,237$2,030$1,241$745$60
39 years$4,821$3,078$1,901$1,144$675$50
40 years$4,648$2,928$1,782$1,056$613$42
41 years$4,484$2,788$1,671$974$556$35
42 years$4,329$2,655$1,568$899$504$30
43 years$4,181$2,529$1,471$830$458$25
44 years$4,040$2,411$1,381$766$415$21
45 years$3,905$2,299$1,297$707$377$17
46 years$3,777$2,193$1,218$654$342$15
47 years$3,655$2,093$1,144$604$311$12
48 years$3,538$1,998$1,075$558$282$10
49 years$3,426$1,908$1,011$516$256$9
50 years$3,320$1,823$950$477$233$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,400,000, adding $5,271 every year, while hoping to spend $30,035 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: 41/36/23 Blend
49$3,400,000$3,400,000$3,400,000$3,400,000
50$3,752,237$3,572,037$3,519,337$3,880,479
51$4,103,008$3,715,110$3,605,278$4,115,934
52$4,488,551$3,864,187$3,693,091$4,367,369
53$4,912,382$4,019,530$3,782,808$4,638,923
54$5,378,371$4,181,414$3,874,458$4,932,459
55$5,890,787$4,350,125$3,968,075$5,250,018
56$6,454,330$4,525,964$4,063,688$5,593,846
57$7,074,179$4,709,243$4,161,329$5,966,408
58$7,756,040$4,900,290$4,261,028$6,370,414
59$8,506,200$5,099,448$4,362,816$6,808,841
60$9,331,586$5,307,075$4,466,724$7,284,961
61$10,239,830$5,523,544$4,572,782$7,802,371
62$11,239,343$5,749,248$4,681,020$8,365,027
63$12,339,391$5,984,596$4,791,469$8,977,276
64$13,550,182$6,230,015$4,904,157$9,643,901
65$14,882,968$6,485,953$5,019,113$10,370,160
66$16,350,144$6,752,878$5,136,367$11,161,837
67$17,965,369$7,031,279$5,255,945$12,025,295
68$19,743,693$7,321,669$5,377,877$12,967,535
69$21,701,702$7,624,582$5,502,187$13,996,258
70$23,857,667$7,940,578$5,628,902$15,119,939
71$26,231,727$8,270,244$5,758,048$16,347,902
72$28,846,069$8,614,192$5,889,648$17,690,410
73$31,725,143$8,973,062$6,023,726$19,158,758
74$34,895,891$9,347,526$6,160,305$20,765,376
75$38,388,001$9,738,284$6,299,404$22,523,950
76$42,234,187$10,146,069$6,441,044$24,449,541
77$46,470,498$10,571,651$6,585,243$26,558,731
78$51,136,658$11,015,832$6,732,018$28,869,777
79$56,276,441$11,479,451$6,881,385$31,402,776
80$61,938,083$11,963,389$7,033,356$34,179,859
81$68,174,738$12,468,566$7,187,944$37,225,392
82$75,044,980$12,995,944$7,345,158$40,566,206
83$82,613,353$13,546,530$7,505,006$44,231,845
84$90,950,984$14,121,380$7,667,494$48,254,846
85$100,136,253$14,721,595$7,832,623$52,671,040
86$110,255,529$15,348,332$8,000,394$57,519,886
87$121,403,991$16,002,799$8,170,806$62,844,845
88$133,686,522$16,686,259$8,343,851$68,693,781
89$147,218,700$17,400,038$8,519,523$75,119,411
90$162,127,888$18,145,521$8,697,808$82,179,804
91$178,554,440$18,924,159$8,878,691$89,938,917
92$196,653,019$19,737,469$9,062,153$98,467,199
93$216,594,063$20,587,041$9,248,172$107,842,252
94$238,565,390$21,474,539$9,436,718$118,149,559
95$262,773,973$22,401,704$9,627,761$129,483,284
96$289,447,891$23,370,360$9,821,264$141,947,159
97$318,838,484$24,382,416$10,017,185$155,655,454
98$351,222,725$25,439,871$10,215,476$170,734,055
99$386,905,835$26,544,816$10,416,086$187,321,646
100$426,224,161$27,699,443$10,618,956$205,571,008