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%17%
1 years$990,949$982,122$973,510$965,105$956,897$929,620
2 years$490,569$481,432$472,578$463,993$455,665$428,396
3 years$323,797$314,621$305,789$297,285$289,093$262,686
4 years$240,428$231,280$222,536$214,177$206,183$180,842
5 years$190,419$181,326$172,697$164,508$156,737$132,530
6 years$157,091$148,067$139,565$131,559$124,021$100,970
7 years$133,294$124,346$115,979$108,162$100,862$78,969
8 years$115,455$106,588$98,360$90,734$83,675$62,926
9 years$101,588$92,804$84,717$77,285$70,466$50,841
10 years$90,500$81,802$73,858$66,621$60,041$41,514
11 years$81,434$72,823$65,024$57,980$51,637$34,177
12 years$73,885$65,362$57,707$50,856$44,748$28,321
13 years$67,502$59,068$51,557$44,898$39,021$23,592
14 years$62,035$53,692$46,324$39,856$34,205$19,736
15 years$57,302$49,048$41,825$35,544$30,117$16,568
16 years$53,165$45,001$37,920$31,826$26,618$13,948
17 years$49,518$41,444$34,506$28,595$23,601$11,770
18 years$46,279$38,296$31,499$25,770$20,985$9,953
19 years$43,385$35,493$28,836$23,286$18,704$8,429
20 years$40,784$32,981$26,464$21,090$16,707$7,149
21 years$38,434$30,721$24,342$19,140$14,951$6,070
22 years$36,300$28,677$22,435$17,403$13,401$5,160
23 years$34,354$26,821$20,715$15,849$12,030$4,389
24 years$32,574$25,129$19,158$14,455$10,813$3,736
25 years$30,938$23,583$17,744$13,201$9,730$3,182
26 years$29,430$22,164$16,457$12,071$8,764$2,712
27 years$28,037$20,859$15,281$11,049$7,902$2,312
28 years$26,745$19,655$14,206$10,123$7,130$1,972
29 years$25,545$18,542$13,220$9,283$6,438$1,683
30 years$24,427$17,511$12,314$8,519$5,817$1,436
31 years$23,383$16,554$11,480$7,824$5,259$1,226
32 years$22,406$15,663$10,711$7,191$4,757$1,046
33 years$21,490$14,834$10,001$6,613$4,305$893
34 years$20,630$14,059$9,344$6,084$3,898$763
35 years$19,821$13,335$8,736$5,601$3,531$652
36 years$19,059$12,656$8,172$5,158$3,199$557
37 years$18,339$12,021$7,649$4,753$2,899$476
38 years$17,659$11,424$7,163$4,381$2,629$406
39 years$17,016$10,863$6,711$4,039$2,384$347
40 years$16,406$10,335$6,290$3,725$2,162$297
41 years$15,827$9,838$5,898$3,437$1,961$253
42 years$15,278$9,370$5,533$3,172$1,780$217
43 years$14,755$8,927$5,192$2,928$1,615$185
44 years$14,258$8,510$4,873$2,704$1,466$158
45 years$13,784$8,115$4,576$2,497$1,331$135
46 years$13,332$7,741$4,298$2,307$1,209$115
47 years$12,900$7,387$4,038$2,131$1,097$99
48 years$12,488$7,052$3,794$1,969$997$84
49 years$12,094$6,735$3,567$1,820$905$72
50 years$11,716$6,433$3,353$1,682$822$62

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 $4,359 every year, while hoping to spend $51,097 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: 24/49/27 Blend
49$12,000,000$12,000,000$12,000,000$12,000,000
50$13,228,496$12,592,496$12,406,496$13,433,054
51$14,523,436$13,155,162$12,767,747$14,168,947
52$15,948,747$13,743,685$13,139,387$14,952,223
53$17,517,674$14,359,280$13,521,711$15,790,382
54$19,244,808$15,003,217$13,915,020$16,688,020
55$21,146,231$15,676,827$14,319,626$17,650,162
56$23,239,660$16,381,505$14,735,847$18,682,300
57$25,544,620$17,118,713$15,164,012$19,790,440
58$28,082,622$17,889,981$15,604,457$20,981,153
59$30,877,373$18,696,913$16,057,530$22,261,630
60$33,954,993$19,541,190$16,523,585$23,639,743
61$37,344,267$20,424,573$17,002,990$25,124,111
62$41,076,911$21,348,906$17,496,120$26,724,177
63$45,187,877$22,316,123$18,003,360$28,450,286
64$49,715,676$23,328,249$18,525,108$30,313,775
65$54,702,748$24,387,406$19,061,772$32,327,074
66$60,195,857$25,495,818$19,613,770$34,503,811
67$66,246,536$26,655,815$20,181,534$36,858,933
68$72,911,572$27,869,839$20,765,504$39,408,838
69$80,253,540$29,140,449$21,366,136$42,171,518
70$88,341,396$30,470,325$21,983,897$45,166,720
71$97,251,126$31,862,279$22,619,265$48,416,117
72$107,066,464$33,319,254$23,272,733$51,943,508
73$117,879,682$34,844,336$23,944,808$55,775,023
74$129,792,460$36,440,759$24,636,010$59,939,363
75$142,916,846$38,111,911$25,346,871$64,468,053
76$157,376,315$39,861,345$26,077,942$69,395,729
77$173,306,931$41,692,783$26,829,785$74,760,447
78$190,858,634$43,610,125$27,602,979$80,604,032
79$210,196,654$45,617,461$28,398,118$86,972,449
80$231,503,071$47,719,075$29,215,813$93,916,230
81$254,978,533$49,919,458$30,056,692$101,490,924
82$280,844,150$52,223,318$30,921,398$109,757,611
83$309,343,580$54,635,588$31,810,592$118,783,454
84$340,745,332$57,161,439$32,724,954$128,642,316
85$375,345,298$59,806,291$33,665,181$139,415,435
86$413,469,544$62,575,825$34,631,990$151,192,170
87$455,477,392$65,475,995$35,626,116$164,070,820
88$501,764,810$68,513,043$36,648,316$178,159,530
89$552,768,150$71,693,511$37,699,364$193,577,286
90$608,968,265$75,024,257$38,780,056$210,455,011
91$670,895,052$78,512,470$39,891,212$228,936,776
92$739,132,450$82,165,683$41,033,670$249,181,130
93$814,323,955$85,991,796$42,208,293$271,362,563
94$897,178,692$89,999,089$43,415,965$295,673,130
95$988,478,115$94,196,240$44,657,595$322,324,224
96$1,089,083,375$98,592,348$45,934,117$351,548,539
97$1,199,943,457$103,196,951$47,246,488$383,602,234
98$1,322,104,136$108,020,048$48,595,692$418,767,309
99$1,456,717,846$113,072,119$49,982,736$457,354,229
100$1,605,054,567$118,364,153$51,408,658$499,704,816