Can I retire at age 50 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$289,027$286,452$283,940$281,489$279,095$269,192
2 years$143,083$140,418$137,835$135,331$132,902$123,031
3 years$94,441$91,765$89,188$86,708$84,319$74,789
4 years$70,125$67,457$64,906$62,468$60,137$51,022
5 years$55,539$52,887$50,370$47,982$45,715$37,038
6 years$45,818$43,186$40,706$38,371$36,173$27,941
7 years$38,878$36,268$33,827$31,547$29,418$21,630
8 years$33,674$31,088$28,688$26,464$24,405$17,053
9 years$29,630$27,068$24,709$22,542$20,553$13,628
10 years$26,396$23,859$21,542$19,431$17,512$11,003
11 years$23,752$21,240$18,965$16,911$15,061$8,953
12 years$21,550$19,064$16,831$14,833$13,051$7,331
13 years$19,688$17,228$15,038$13,095$11,381$6,033
14 years$18,094$15,660$13,511$11,625$9,977$4,984
15 years$16,713$14,306$12,199$10,367$8,784$4,131
16 years$15,506$13,125$11,060$9,283$7,763$3,433
17 years$14,443$12,088$10,064$8,340$6,884$2,859
18 years$13,498$11,170$9,187$7,516$6,121$2,385
19 years$12,654$10,352$8,411$6,792$5,455$1,993
20 years$11,895$9,620$7,719$6,151$4,873$1,667
21 years$11,210$8,960$7,100$5,583$4,361$1,396
22 years$10,587$8,364$6,544$5,076$3,909$1,170
23 years$10,020$7,823$6,042$4,623$3,509$981
24 years$9,501$7,329$5,588$4,216$3,154$823
25 years$9,024$6,878$5,175$3,850$2,838$691
26 years$8,584$6,464$4,800$3,521$2,556$581
27 years$8,177$6,084$4,457$3,223$2,305$488
28 years$7,801$5,733$4,143$2,953$2,080$410
29 years$7,451$5,408$3,856$2,708$1,878$345
30 years$7,124$5,107$3,592$2,485$1,697$290
31 years$6,820$4,828$3,348$2,282$1,534$244
32 years$6,535$4,569$3,124$2,097$1,388$205
33 years$6,268$4,326$2,917$1,929$1,256$172
34 years$6,017$4,100$2,725$1,775$1,137$145
35 years$5,781$3,889$2,548$1,634$1,030$122
36 years$5,559$3,691$2,384$1,504$933$103
37 years$5,349$3,506$2,231$1,386$846$86
38 years$5,151$3,332$2,089$1,278$767$73
39 years$4,963$3,168$1,957$1,178$695$61
40 years$4,785$3,014$1,835$1,087$631$52
41 years$4,616$2,869$1,720$1,003$572$43
42 years$4,456$2,733$1,614$925$519$36
43 years$4,304$2,604$1,514$854$471$31
44 years$4,158$2,482$1,421$789$428$26
45 years$4,020$2,367$1,335$728$388$22
46 years$3,888$2,258$1,254$673$352$18
47 years$3,763$2,155$1,178$622$320$15
48 years$3,642$2,057$1,107$574$291$13
49 years$3,527$1,964$1,040$531$264$11
50 years$3,417$1,876$978$491$240$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $3,500,000, adding $5,167 every year, while hoping to spend $57,732 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: 26/49/25 Blend
49$3,500,000$3,500,000$3,500,000$3,500,000
50$3,862,330$3,676,830$3,622,580$3,932,232
51$4,194,861$3,795,568$3,682,510$4,107,958
52$4,559,375$3,918,190$3,742,513$4,291,045
53$4,959,075$4,044,824$3,802,529$4,486,282
54$5,397,484$4,175,604$3,862,498$4,694,734
55$5,878,488$4,310,669$3,922,352$4,917,565
56$6,406,364$4,450,162$3,982,021$5,156,059
57$6,985,823$4,594,230$4,041,429$5,411,621
58$7,622,057$4,743,027$4,100,497$5,685,797
59$8,320,783$4,896,711$4,159,139$5,980,284
60$9,088,298$5,055,446$4,217,266$6,296,948
61$9,931,543$5,219,401$4,274,783$6,637,841
62$10,858,159$5,388,751$4,331,587$7,005,215
63$11,876,569$5,563,677$4,387,573$7,401,549
64$12,996,050$5,744,368$4,442,627$7,829,570
65$14,226,822$5,931,017$4,496,630$8,292,273
66$15,580,145$6,123,824$4,549,455$8,792,957
67$17,068,427$6,322,998$4,600,968$9,335,248
68$18,705,335$6,528,753$4,651,029$9,923,137
69$20,505,929$6,741,313$4,699,489$10,561,015
70$22,486,802$6,960,906$4,746,190$11,253,713
71$24,666,237$7,187,771$4,790,968$12,006,551
72$27,064,376$7,422,154$4,833,649$12,825,380
73$29,703,413$7,664,311$4,874,047$13,716,645
74$32,607,805$7,914,506$4,911,971$14,687,438
75$35,804,496$8,173,011$4,947,217$15,745,567
76$39,323,176$8,440,110$4,979,570$16,899,630
77$43,196,560$8,716,096$5,008,806$18,159,093
78$47,460,695$9,001,271$5,034,687$19,534,378
79$52,155,302$9,295,949$5,056,965$21,036,964
80$57,324,148$9,600,455$5,075,378$22,679,490
81$63,015,459$9,915,126$5,089,652$24,475,877
82$69,282,379$10,240,310$5,099,498$26,441,455
83$76,183,463$10,576,367$5,104,613$28,593,110
84$83,783,238$10,923,670$5,104,679$30,949,439
85$92,152,805$11,282,607$5,099,362$33,530,928
86$101,370,514$11,653,577$5,088,314$36,360,142
87$111,522,700$12,036,996$5,071,166$39,461,934
88$122,704,499$12,433,293$5,047,534$42,863,686
89$135,020,747$12,842,913$5,017,015$46,595,559
90$148,586,963$13,266,316$4,979,186$50,690,782
91$163,530,448$13,703,981$4,933,603$55,185,957
92$179,991,479$14,156,400$4,879,803$60,121,414
93$198,124,633$14,624,088$4,817,301$65,541,578
94$218,100,251$15,107,573$4,745,586$71,495,399
95$240,106,040$15,607,408$4,664,126$78,036,803
96$264,348,845$16,124,160$4,572,363$85,225,204
97$291,056,605$16,658,420$4,469,714$93,126,065
98$320,480,497$17,210,802$4,355,568$101,811,510
99$352,897,314$17,781,937$4,229,286$111,361,007
100$388,612,072$18,372,484$4,090,199$121,862,115