Can I retire at age 50 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$978,467
2 years$506,921$497,480$488,330$479,459$470,854$460,455
3 years$334,590$325,109$315,982$307,194$298,729$288,580
4 years$248,442$238,989$229,954$221,316$213,056$203,235
5 years$196,766$187,371$178,454$169,992$161,962$152,498
6 years$162,327$153,002$144,217$135,944$128,155$119,060
7 years$137,738$128,491$119,845$111,767$104,224$95,501
8 years$119,304$110,140$101,638$93,759$86,464$78,113
9 years$104,974$95,897$87,541$79,861$72,815$64,833
10 years$93,517$84,529$76,320$68,841$62,042$54,424
11 years$84,149$75,251$67,191$59,913$53,358$46,098
12 years$76,348$67,541$59,630$52,551$46,239$39,329
13 years$69,752$61,037$53,276$46,395$40,322$33,753
14 years$64,103$55,481$47,869$41,184$35,346$29,110
15 years$59,212$50,683$43,219$36,729$31,121$25,209
16 years$54,937$46,501$39,184$32,887$27,505$21,906
17 years$51,168$42,826$35,656$29,549$24,388$19,092
18 years$47,822$39,573$32,549$26,629$21,684$16,682
19 years$44,832$36,676$29,797$24,062$19,328$14,607
20 years$42,144$34,081$27,347$21,793$17,264$12,814
21 years$39,715$31,745$25,154$19,778$15,449$11,259
22 years$37,510$29,633$23,183$17,983$13,848$9,907
23 years$35,499$27,715$21,405$16,377$12,431$8,727
24 years$33,659$25,967$19,796$14,937$11,173$7,697
25 years$31,969$24,369$18,335$13,641$10,054$6,794
26 years$30,411$22,903$17,005$12,473$9,056$6,002
27 years$28,972$21,554$15,791$11,417$8,165$5,306
28 years$27,637$20,310$14,680$10,460$7,368$4,694
29 years$26,397$19,160$13,661$9,592$6,653$4,155
30 years$25,241$18,095$12,724$8,803$6,011$3,679
31 years$24,162$17,106$11,863$8,085$5,435$3,259
32 years$23,153$16,186$11,068$7,431$4,916$2,889
33 years$22,207$15,328$10,334$6,833$4,449$2,561
34 years$21,318$14,527$9,656$6,287$4,028$2,271
35 years$20,482$13,779$9,027$5,787$3,648$2,015
36 years$19,694$13,078$8,445$5,330$3,306$1,788
37 years$18,951$12,421$7,904$4,911$2,996$1,586
38 years$18,248$11,805$7,402$4,527$2,716$1,408
39 years$17,583$11,225$6,935$4,174$2,463$1,250
40 years$16,953$10,680$6,500$3,850$2,234$1,110
41 years$16,355$10,166$6,095$3,552$2,027$986
42 years$15,787$9,682$5,717$3,278$1,839$875
43 years$15,247$9,225$5,365$3,026$1,669$777
44 years$14,733$8,793$5,036$2,794$1,515$691
45 years$14,243$8,385$4,729$2,580$1,375$613
46 years$13,776$7,999$4,441$2,383$1,249$545
47 years$13,330$7,634$4,172$2,202$1,134$484
48 years$12,904$7,287$3,921$2,035$1,030$430
49 years$12,497$6,959$3,685$1,880$935$382
50 years$12,107$6,648$3,465$1,738$850$340

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $12,400,000, adding $6,963 every year, while hoping to spend $22,173 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: 44/41/15 Blend
49$12,400,000$12,400,000$12,400,000$12,400,000
50$13,671,982$13,014,782$12,822,582$14,214,117
51$15,042,933$13,628,915$13,228,547$15,208,084
52$16,552,977$14,272,397$13,647,368$16,282,009
53$18,216,279$14,946,642$14,079,453$17,445,535
54$20,048,447$15,653,136$14,525,223$18,706,933
55$22,066,681$16,393,431$14,985,110$20,075,279
56$24,289,933$17,169,160$15,459,562$21,560,534
57$26,739,089$17,982,032$15,949,040$23,173,631
58$29,437,164$18,833,839$16,454,021$24,926,574
59$32,409,519$19,726,462$16,974,995$26,832,547
60$35,684,102$20,661,871$17,512,470$28,906,025
61$39,291,710$21,642,132$18,066,967$31,162,912
62$43,266,281$22,669,413$18,639,027$33,620,680
63$47,645,213$23,745,985$19,229,205$36,298,525
64$52,469,717$24,874,231$19,838,076$39,217,544
65$57,785,209$26,056,649$20,466,233$42,400,923
66$63,641,734$27,295,859$21,114,285$45,874,151
67$70,094,441$28,594,606$21,782,863$49,665,247
68$77,204,103$29,955,771$22,472,619$53,805,019
69$85,037,692$31,382,374$23,184,222$58,327,341
70$93,669,008$32,877,582$23,918,365$63,269,469
71$103,179,379$34,444,716$24,675,762$68,672,376
72$113,658,426$36,087,257$25,457,151$74,581,128
73$125,204,910$37,808,857$26,263,290$81,045,302
74$137,927,666$39,613,346$27,094,965$88,119,437
75$151,946,626$41,504,738$27,952,984$95,863,540
76$167,393,955$43,487,244$28,838,183$104,343,634
77$184,415,298$45,565,279$29,751,422$113,632,373
78$203,171,154$47,743,473$30,693,590$123,809,708
79$223,838,391$50,026,682$31,665,604$134,963,630
80$246,611,914$52,419,997$32,668,409$147,190,981
81$271,706,510$54,928,757$33,702,982$160,598,354
82$299,358,871$57,558,563$34,770,328$175,303,081
83$329,829,829$60,315,286$35,871,487$191,434,321
84$363,406,819$63,205,083$37,007,530$209,134,260
85$400,406,595$66,234,412$38,179,562$228,559,435
86$441,178,215$69,410,045$39,388,724$249,882,185
87$486,106,339$72,739,084$40,636,193$273,292,263
88$535,614,862$76,228,975$41,923,182$298,998,598
89$590,170,914$79,887,531$43,250,945$327,231,245
90$650,289,268$83,722,940$44,620,772$358,243,530
91$716,537,203$87,743,794$46,033,997$392,314,417
92$789,539,858$91,959,100$47,491,997$429,751,112
93$869,986,133$96,378,306$48,996,188$470,891,931
94$958,635,194$101,011,319$50,548,036$516,109,467
95$1,056,323,640$105,868,529$52,149,052$565,814,073
96$1,163,973,398$110,960,834$53,800,792$620,457,702
97$1,282,600,432$116,299,662$55,504,865$680,538,138
98$1,413,324,327$121,896,997$57,262,930$746,603,659
99$1,557,378,868$127,765,409$59,076,697$819,258,172
100$1,716,123,678$133,918,080$60,947,932$899,166,877