Can I retire at age 50 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$954,765
2 years$498,745$489,456$480,454$471,726$463,260$445,112
3 years$329,194$319,865$310,886$302,239$293,911$276,261
4 years$244,435$235,135$226,245$217,746$209,620$192,604
5 years$193,593$184,348$175,575$167,250$159,350$143,016
6 years$159,709$150,534$141,891$133,751$126,088$110,455
7 years$135,516$126,419$117,912$109,964$102,543$87,615
8 years$117,379$108,364$99,999$92,246$85,069$70,842
9 years$103,281$94,350$86,129$78,573$71,641$58,105
10 years$92,008$83,165$75,089$67,731$61,042$48,186
11 years$82,791$74,037$66,107$58,946$52,498$40,307
12 years$75,116$66,452$58,669$51,704$45,493$33,951
13 years$68,627$60,053$52,416$45,647$39,671$28,758
14 years$63,069$54,586$47,096$40,520$34,776$24,473
15 years$58,257$49,866$42,522$36,137$30,619$20,905
16 years$54,051$45,751$38,552$32,357$27,061$17,915
17 years$50,343$42,135$35,081$29,072$23,994$15,394
18 years$47,051$38,934$32,024$26,200$21,335$13,258
19 years$44,109$36,084$29,317$23,674$19,016$11,440
20 years$41,464$33,531$26,906$21,441$16,986$9,888
21 years$39,074$31,233$24,748$19,459$15,200$8,559
22 years$36,905$29,155$22,809$17,693$13,625$7,417
23 years$34,927$27,268$21,060$16,113$12,230$6,434
24 years$33,116$25,548$19,477$14,696$10,993$5,586
25 years$31,453$23,976$18,040$13,421$9,892$4,854
26 years$29,921$22,533$16,731$12,272$8,910$4,221
27 years$28,504$21,206$15,536$11,233$8,033$3,672
28 years$27,191$19,983$14,443$10,292$7,249$3,196
29 years$25,971$18,851$13,440$9,438$6,545$2,783
30 years$24,834$17,803$12,519$8,661$5,914$2,425
31 years$23,772$16,830$11,671$7,955$5,347$2,113
32 years$22,779$15,925$10,889$7,311$4,837$1,842
33 years$21,848$15,081$10,167$6,723$4,377$1,606
34 years$20,974$14,293$9,500$6,186$3,963$1,400
35 years$20,152$13,557$8,882$5,694$3,590$1,221
36 years$19,376$12,867$8,309$5,244$3,252$1,066
37 years$18,645$12,221$7,777$4,832$2,948$930
38 years$17,954$11,614$7,283$4,454$2,672$811
39 years$17,299$11,044$6,823$4,106$2,423$708
40 years$16,679$10,508$6,395$3,788$2,198$618
41 years$16,091$10,002$5,997$3,495$1,994$539
42 years$15,532$9,526$5,625$3,225$1,809$471
43 years$15,001$9,076$5,278$2,977$1,642$411
44 years$14,495$8,651$4,955$2,749$1,491$359
45 years$14,013$8,250$4,652$2,539$1,353$313
46 years$13,554$7,870$4,370$2,345$1,229$274
47 years$13,115$7,511$4,105$2,166$1,116$239
48 years$12,696$7,170$3,858$2,002$1,013$209
49 years$12,295$6,847$3,626$1,850$920$182
50 years$11,911$6,540$3,409$1,710$836$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $12,200,000, adding $5,122 every year, while hoping to spend $20,457 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: 51/22/27 Blend
49$12,200,000$12,200,000$12,200,000$12,200,000
50$13,449,683$12,803,083$12,613,983$14,033,176
51$14,799,785$13,408,668$13,014,786$15,045,502
52$16,286,911$14,043,241$13,428,329$16,143,190
53$17,925,017$14,708,201$13,855,019$17,336,415
54$19,729,481$15,405,015$14,295,274$18,634,273
55$21,717,247$16,135,219$14,749,525$20,046,764
56$23,906,989$16,900,428$15,218,217$21,584,880
57$26,319,284$17,702,331$15,701,809$23,260,703
58$28,976,807$18,542,702$16,200,776$25,087,518
59$31,904,546$19,423,399$16,715,607$27,079,935
60$35,130,035$20,346,371$17,246,805$29,254,020
61$38,683,618$21,313,663$17,794,893$31,627,443
62$42,598,732$22,327,417$18,360,406$34,219,640
63$46,912,223$23,389,880$18,943,900$37,051,993
64$51,664,695$24,503,409$19,545,946$40,148,027
65$56,900,893$25,670,476$20,167,134$43,533,624
66$62,670,125$26,893,670$20,808,074$47,237,264
67$69,026,726$28,175,709$21,469,393$51,290,286
68$76,030,575$29,519,441$22,151,741$55,727,182
69$83,747,655$30,927,855$22,855,785$60,585,913
70$92,250,679$32,404,083$23,582,217$65,908,260
71$101,619,775$33,951,410$24,331,748$71,740,213
72$111,943,244$35,573,281$25,105,114$78,132,400
73$123,318,392$37,273,309$25,903,073$85,140,554
74$135,852,449$39,055,282$26,726,406$92,826,033
75$149,663,580$40,923,172$27,575,922$101,256,390
76$164,882,003$42,881,146$28,452,454$110,506,005
77$181,651,217$44,933,571$29,356,860$120,656,774
78$200,129,355$47,085,030$30,290,029$131,798,877
79$220,490,679$49,340,326$31,252,874$144,031,617
80$242,927,224$51,704,498$32,246,341$157,464,347
81$267,650,611$54,182,828$33,271,404$172,217,494
82$294,894,045$56,780,859$34,329,068$188,423,683
83$324,914,517$59,504,400$35,420,371$206,228,978
84$357,995,226$62,359,544$36,546,382$225,794,250
85$394,448,260$65,352,683$37,708,207$247,296,679
86$434,617,536$68,490,517$38,906,984$270,931,419
87$478,882,047$71,780,075$40,143,891$296,913,422
88$527,659,445$75,228,728$41,420,140$325,479,456
89$581,409,977$78,844,204$42,736,984$356,890,324
90$640,640,835$82,634,611$44,095,713$391,433,308
91$705,910,943$86,608,449$45,497,662$429,424,868
92$777,836,231$90,774,635$46,944,206$471,213,612
93$857,095,453$95,142,519$48,436,764$517,183,567
94$944,436,594$99,721,907$49,976,799$567,757,786
95$1,040,683,929$104,523,083$51,565,825$623,402,325
96$1,146,745,808$109,556,832$53,205,399$684,630,619
97$1,263,623,231$114,834,468$54,897,130$752,008,309
98$1,392,419,296$120,367,852$56,642,679$826,158,560
99$1,534,349,614$126,169,426$58,443,759$907,767,918
100$1,690,753,786$132,252,240$60,302,136$997,592,772