Can I retire at age 50 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$990,949$982,122$973,510$965,105$956,897$938,729
2 years$490,569$481,432$472,578$463,993$455,665$437,432
3 years$323,797$314,621$305,789$297,285$289,093$271,362
4 years$240,428$231,280$222,536$214,177$206,183$189,093
5 years$190,419$181,326$172,697$164,508$156,737$140,335
6 years$157,091$148,067$139,565$131,559$124,021$108,326
7 years$133,294$124,346$115,979$108,162$100,862$85,878
8 years$115,455$106,588$98,360$90,734$83,675$69,397
9 years$101,588$92,804$84,717$77,285$70,466$56,886
10 years$90,500$81,802$73,858$66,621$60,041$47,146
11 years$81,434$72,823$65,024$57,980$51,637$39,412
12 years$73,885$65,362$57,707$50,856$44,748$33,176
13 years$67,502$59,068$51,557$44,898$39,021$28,083
14 years$62,035$53,692$46,324$39,856$34,205$23,882
15 years$57,302$49,048$41,825$35,544$30,117$20,387
16 years$53,165$45,001$37,920$31,826$26,618$17,459
17 years$49,518$41,444$34,506$28,595$23,601$14,991
18 years$46,279$38,296$31,499$25,770$20,985$12,902
19 years$43,385$35,493$28,836$23,286$18,704$11,124
20 years$40,784$32,981$26,464$21,090$16,707$9,608
21 years$38,434$30,721$24,342$19,140$14,951$8,310
22 years$36,300$28,677$22,435$17,403$13,401$7,195
23 years$34,354$26,821$20,715$15,849$12,030$6,237
24 years$32,574$25,129$19,158$14,455$10,813$5,411
25 years$30,938$23,583$17,744$13,201$9,730$4,698
26 years$29,430$22,164$16,457$12,071$8,764$4,082
27 years$28,037$20,859$15,281$11,049$7,902$3,548
28 years$26,745$19,655$14,206$10,123$7,130$3,086
29 years$25,545$18,542$13,220$9,283$6,438$2,685
30 years$24,427$17,511$12,314$8,519$5,817$2,337
31 years$23,383$16,554$11,480$7,824$5,259$2,035
32 years$22,406$15,663$10,711$7,191$4,757$1,772
33 years$21,490$14,834$10,001$6,613$4,305$1,544
34 years$20,630$14,059$9,344$6,084$3,898$1,345
35 years$19,821$13,335$8,736$5,601$3,531$1,173
36 years$19,059$12,656$8,172$5,158$3,199$1,022
37 years$18,339$12,021$7,649$4,753$2,899$891
38 years$17,659$11,424$7,163$4,381$2,629$777
39 years$17,016$10,863$6,711$4,039$2,384$677
40 years$16,406$10,335$6,290$3,725$2,162$591
41 years$15,827$9,838$5,898$3,437$1,961$515
42 years$15,278$9,370$5,533$3,172$1,780$449
43 years$14,755$8,927$5,192$2,928$1,615$392
44 years$14,258$8,510$4,873$2,704$1,466$342
45 years$13,784$8,115$4,576$2,497$1,331$298
46 years$13,332$7,741$4,298$2,307$1,209$260
47 years$12,900$7,387$4,038$2,131$1,097$227
48 years$12,488$7,052$3,794$1,969$997$198
49 years$12,094$6,735$3,567$1,820$905$173
50 years$11,716$6,433$3,353$1,682$822$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $12,000,000, adding $3,475 every year, while hoping to spend $38,731 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: 50/27/23 Blend
49$12,000,000$12,000,000$12,000,000$12,000,000
50$13,227,584$12,591,584$12,405,584$13,803,325
51$14,535,589$13,167,363$12,779,962$14,779,327
52$15,975,711$13,770,056$13,165,583$15,835,292
53$17,561,387$14,400,942$13,562,784$16,982,199
54$19,307,421$15,061,360$13,971,909$18,228,664
55$21,230,125$15,752,715$14,393,316$19,584,159
56$23,347,476$16,476,476$14,827,370$21,059,093
57$25,679,281$17,234,185$15,274,449$22,664,906
58$28,247,366$18,027,459$15,734,942$24,414,173
59$31,075,783$18,857,990$16,209,248$26,320,724
60$34,191,035$19,727,554$16,697,780$28,399,760
61$37,622,327$20,638,010$17,200,961$30,668,002
62$41,401,840$21,591,308$17,719,230$33,143,839
63$45,565,038$22,589,493$18,253,034$35,847,496
64$50,150,998$23,634,704$18,802,837$38,801,222
65$55,202,784$24,729,189$19,369,116$42,029,494
66$60,767,848$25,875,299$19,952,362$45,559,242
67$66,898,482$27,075,502$20,553,079$49,420,097
68$73,652,308$28,332,382$21,171,788$53,644,665
69$81,092,825$29,648,651$21,809,025$58,268,829
70$89,290,006$31,027,148$22,465,340$63,332,080
71$98,320,960$32,470,851$23,141,302$68,877,883
72$108,270,657$33,982,882$23,837,495$74,954,081
73$119,232,733$35,566,513$24,554,520$81,613,337
74$131,310,373$37,225,173$25,292,998$88,913,623
75$144,617,284$38,962,459$26,053,565$96,918,763
76$159,278,766$40,782,139$26,836,879$105,699,023
77$175,432,901$42,688,164$27,643,616$115,331,763
78$193,231,851$44,684,678$28,474,471$125,902,164
79$212,843,294$46,776,022$29,330,160$137,504,018
80$234,452,011$48,966,748$30,211,421$150,240,603
81$258,261,626$51,261,629$31,119,014$164,225,649
82$284,496,531$53,665,667$32,053,720$179,584,398
83$313,404,001$56,184,109$33,016,343$196,454,777
84$345,256,531$58,822,451$34,007,712$214,988,684
85$380,354,406$61,586,461$35,028,679$235,353,412
86$419,028,538$64,482,180$36,080,123$257,733,215
87$461,643,589$67,515,947$37,162,947$282,331,031
88$508,601,409$70,694,403$38,278,080$309,370,382
89$560,344,839$74,024,514$39,426,481$339,097,474
90$617,361,879$77,513,582$40,609,136$371,783,499
91$680,190,307$81,169,264$41,827,058$407,727,180
92$749,422,746$84,999,585$43,081,292$447,257,576
93$825,712,264$89,012,963$44,372,913$490,737,168
94$909,778,537$93,218,220$45,703,028$538,565,258
95$1,002,414,645$97,624,610$47,072,776$591,181,725
96$1,104,494,554$102,241,831$48,483,330$649,071,152
97$1,216,981,373$107,080,056$49,935,896$712,767,379
98$1,340,936,441$112,149,947$51,431,716$782,858,519
99$1,477,529,350$117,462,686$52,972,071$859,992,490
100$1,628,048,983$123,029,997$54,558,275$944,883,100