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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$1,007,465$998,491$989,735$981,190$972,845$948,173
2 years$498,745$489,456$480,454$471,726$463,260$438,563
3 years$329,194$319,865$310,886$302,239$293,911$269,962
4 years$244,435$235,135$226,245$217,746$209,620$186,603
5 years$193,593$184,348$175,575$167,250$159,350$137,329
6 years$159,709$150,534$141,891$133,751$126,088$105,085
7 years$135,516$126,419$117,912$109,964$102,543$82,560
8 years$117,379$108,364$99,999$92,246$85,069$66,097
9 years$103,281$94,350$86,129$78,573$71,641$53,663
10 years$92,008$83,165$75,089$67,731$61,042$44,037
11 years$82,791$74,037$66,107$58,946$52,498$36,441
12 years$75,116$66,452$58,669$51,704$45,493$30,356
13 years$68,627$60,053$52,416$45,647$39,671$25,424
14 years$63,069$54,586$47,096$40,520$34,776$21,386
15 years$58,257$49,866$42,522$36,137$30,619$18,054
16 years$54,051$45,751$38,552$32,357$27,061$15,286
17 years$50,343$42,135$35,081$29,072$23,994$12,975
18 years$47,051$38,934$32,024$26,200$21,335$11,036
19 years$44,109$36,084$29,317$23,674$19,016$9,404
20 years$41,464$33,531$26,906$21,441$16,986$8,024
21 years$39,074$31,233$24,748$19,459$15,200$6,855
22 years$36,905$29,155$22,809$17,693$13,625$5,863
23 years$34,927$27,268$21,060$16,113$12,230$5,019
24 years$33,116$25,548$19,477$14,696$10,993$4,300
25 years$31,453$23,976$18,040$13,421$9,892$3,686
26 years$29,921$22,533$16,731$12,272$8,910$3,161
27 years$28,504$21,206$15,536$11,233$8,033$2,713
28 years$27,191$19,983$14,443$10,292$7,249$2,329
29 years$25,971$18,851$13,440$9,438$6,545$2,000
30 years$24,834$17,803$12,519$8,661$5,914$1,718
31 years$23,772$16,830$11,671$7,955$5,347$1,476
32 years$22,779$15,925$10,889$7,311$4,837$1,269
33 years$21,848$15,081$10,167$6,723$4,377$1,091
34 years$20,974$14,293$9,500$6,186$3,963$938
35 years$20,152$13,557$8,882$5,694$3,590$806
36 years$19,376$12,867$8,309$5,244$3,252$693
37 years$18,645$12,221$7,777$4,832$2,948$596
38 years$17,954$11,614$7,283$4,454$2,672$513
39 years$17,299$11,044$6,823$4,106$2,423$441
40 years$16,679$10,508$6,395$3,788$2,198$380
41 years$16,091$10,002$5,997$3,495$1,994$326
42 years$15,532$9,526$5,625$3,225$1,809$281
43 years$15,001$9,076$5,278$2,977$1,642$242
44 years$14,495$8,651$4,955$2,749$1,491$208
45 years$14,013$8,250$4,652$2,539$1,353$179
46 years$13,554$7,870$4,370$2,345$1,229$154
47 years$13,115$7,511$4,105$2,166$1,116$132
48 years$12,696$7,170$3,858$2,002$1,013$114
49 years$12,295$6,847$3,626$1,850$920$98
50 years$11,911$6,540$3,409$1,710$836$84

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 $4,309 every year, while hoping to spend $58,409 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: 68/16/16 Blend
49$12,200,000$12,200,000$12,200,000$12,200,000
50$13,448,845$12,802,245$12,613,145$14,312,098
51$14,758,480$13,367,408$12,973,538$15,453,436
52$16,199,741$13,958,307$13,344,048$16,694,064
53$17,785,991$14,576,140$13,724,950$18,049,586
54$19,531,955$15,222,164$14,116,529$19,531,294
55$21,453,860$15,897,695$14,519,077$21,151,617
56$23,569,582$16,604,111$14,932,895$22,924,231
57$25,898,822$17,342,856$15,358,290$24,864,193
58$28,463,287$18,115,440$15,795,578$26,988,076
59$31,286,895$18,923,449$16,245,082$29,314,122
60$34,396,002$19,768,542$16,707,136$31,862,415
61$37,819,649$20,652,456$17,182,081$34,655,066
62$41,589,840$21,577,013$17,670,267$37,716,420
63$45,741,836$22,544,119$18,172,053$41,073,282
64$50,314,496$23,555,773$18,687,809$44,755,167
65$55,350,637$24,614,069$19,217,914$48,794,574
66$60,897,443$25,721,199$19,762,755$53,227,293
67$67,006,906$26,879,461$20,322,730$58,092,738
68$73,736,318$28,091,263$20,898,250$63,434,312
69$81,148,814$29,359,126$21,489,732$69,299,820
70$89,313,963$30,685,693$22,097,609$75,741,908
71$98,308,429$32,073,734$22,722,320$82,818,563
72$108,216,690$33,526,148$23,364,319$90,593,652
73$119,131,838$35,045,975$24,024,070$99,137,522
74$131,156,459$36,636,402$24,702,049$108,527,660
75$144,403,596$38,300,763$25,398,746$118,849,416
76$158,997,820$40,042,558$26,114,662$130,196,811
77$175,076,405$41,865,450$26,850,310$142,673,411
78$192,790,620$43,773,280$27,606,217$156,393,304
79$212,307,163$45,770,070$28,382,925$171,482,172
80$233,809,728$47,860,037$29,180,987$188,078,467
81$257,500,742$50,047,601$30,000,972$206,334,716
82$283,603,276$52,337,392$30,843,463$226,418,954
83$312,363,149$54,734,263$31,709,058$248,516,300
84$344,051,247$57,243,299$32,598,368$272,830,702
85$378,966,084$59,869,830$33,512,023$299,586,853
86$417,436,614$62,619,441$34,450,666$329,032,302
87$459,825,343$65,497,988$35,414,957$361,439,789
88$506,531,742$68,511,604$36,405,572$397,109,804
89$557,996,028$71,666,720$37,423,207$436,373,420
90$614,703,309$74,970,075$38,468,570$479,595,410
91$677,188,170$78,428,733$39,542,392$527,177,676
92$746,039,719$82,050,097$40,645,417$579,563,037
93$821,907,144$85,841,925$41,778,413$637,239,400
94$905,505,845$89,812,352$42,942,161$700,744,351
95$997,624,185$93,969,901$44,137,467$770,670,222
96$1,099,130,933$98,323,507$45,365,153$847,669,671
97$1,210,983,465$102,882,535$46,626,063$932,461,828
98$1,334,236,802$107,656,804$47,921,060$1,025,839,076
99$1,470,053,570$112,656,601$49,251,030$1,128,674,514
100$1,619,714,974$117,892,715$50,616,879$1,241,930,185