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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$969,622
2 years$506,921$497,480$488,330$479,459$470,854$451,617
3 years$334,590$325,109$315,982$307,194$298,729$280,026
4 years$248,442$238,989$229,954$221,316$213,056$195,032
5 years$196,766$187,371$178,454$169,992$161,962$144,667
6 years$162,327$153,002$144,217$135,944$128,155$111,609
7 years$137,738$128,491$119,845$111,767$104,224$88,431
8 years$119,304$110,140$101,638$93,759$86,464$71,419
9 years$104,974$95,897$87,541$79,861$72,815$58,508
10 years$93,517$84,529$76,320$68,841$62,042$48,460
11 years$84,149$75,251$67,191$59,913$53,358$40,486
12 years$76,348$67,541$59,630$52,551$46,239$34,057
13 years$69,752$61,037$53,276$46,395$40,322$28,810
14 years$64,103$55,481$47,869$41,184$35,346$24,484
15 years$59,212$50,683$43,219$36,729$31,121$20,886
16 years$54,937$46,501$39,184$32,887$27,505$17,874
17 years$51,168$42,826$35,656$29,549$24,388$15,336
18 years$47,822$39,573$32,549$26,629$21,684$13,189
19 years$44,832$36,676$29,797$24,062$19,328$11,364
20 years$42,144$34,081$27,347$21,793$17,264$9,807
21 years$39,715$31,745$25,154$19,778$15,449$8,476
22 years$37,510$29,633$23,183$17,983$13,848$7,334
23 years$35,499$27,715$21,405$16,377$12,431$6,352
24 years$33,659$25,967$19,796$14,937$11,173$5,506
25 years$31,969$24,369$18,335$13,641$10,054$4,777
26 years$30,411$22,903$17,005$12,473$9,056$4,147
27 years$28,972$21,554$15,791$11,417$8,165$3,602
28 years$27,637$20,310$14,680$10,460$7,368$3,130
29 years$26,397$19,160$13,661$9,592$6,653$2,721
30 years$25,241$18,095$12,724$8,803$6,011$2,367
31 years$24,162$17,106$11,863$8,085$5,435$2,059
32 years$23,153$16,186$11,068$7,431$4,916$1,792
33 years$22,207$15,328$10,334$6,833$4,449$1,560
34 years$21,318$14,527$9,656$6,287$4,028$1,358
35 years$20,482$13,779$9,027$5,787$3,648$1,182
36 years$19,694$13,078$8,445$5,330$3,306$1,030
37 years$18,951$12,421$7,904$4,911$2,996$897
38 years$18,248$11,805$7,402$4,527$2,716$781
39 years$17,583$11,225$6,935$4,174$2,463$681
40 years$16,953$10,680$6,500$3,850$2,234$593
41 years$16,355$10,166$6,095$3,552$2,027$517
42 years$15,787$9,682$5,717$3,278$1,839$450
43 years$15,247$9,225$5,365$3,026$1,669$393
44 years$14,733$8,793$5,036$2,794$1,515$342
45 years$14,243$8,385$4,729$2,580$1,375$298
46 years$13,776$7,999$4,441$2,383$1,249$260
47 years$13,330$7,634$4,172$2,202$1,134$227
48 years$12,904$7,287$3,921$2,035$1,030$197
49 years$12,497$6,959$3,685$1,880$935$172
50 years$12,107$6,648$3,465$1,738$850$150

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 $5,813 every year, while hoping to spend $56,005 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: 54/19/27 Blend
49$12,400,000$12,400,000$12,400,000$12,400,000
50$13,670,796$13,013,596$12,821,396$14,306,263
51$15,005,628$13,591,673$13,191,324$15,323,855
52$16,474,737$14,196,199$13,571,767$16,424,878
53$18,091,758$14,828,411$13,963,020$17,622,460
54$19,871,718$15,489,604$14,365,381$18,925,885
55$21,831,173$16,181,135$14,779,162$20,345,362
56$23,988,369$16,904,427$15,204,680$21,892,120
57$26,363,406$17,660,967$15,642,260$23,578,509
58$28,978,436$18,452,317$16,092,239$25,418,115
59$31,857,868$19,280,112$16,554,960$27,425,886
60$35,028,595$20,146,062$17,030,776$29,618,266
61$38,520,255$21,051,963$17,520,050$32,013,350
62$42,365,505$21,999,693$18,023,156$34,631,050
63$46,600,331$22,991,222$18,540,476$37,493,281
64$51,264,385$24,028,612$19,072,402$40,624,160
65$56,401,364$25,114,025$19,619,339$44,050,233
66$62,059,416$26,249,726$20,181,700$47,800,721
67$68,291,602$27,438,088$20,759,912$51,907,789
68$75,156,387$28,681,595$21,354,411$56,406,847
69$82,718,199$29,982,855$21,965,645$61,336,880
70$91,048,037$31,344,596$22,594,075$66,740,809
71$100,224,134$32,769,679$23,240,174$72,665,894
72$110,332,703$34,261,100$23,904,427$79,164,169
73$121,468,746$35,822,001$24,587,332$86,292,934
74$133,736,951$37,455,672$25,289,401$94,115,286
75$147,252,682$39,165,563$26,011,159$102,700,710
76$162,143,067$40,955,287$26,753,144$112,125,727
77$178,548,196$42,828,632$27,515,910$122,474,613
78$196,622,443$44,789,566$28,300,024$133,840,182
79$216,535,928$46,842,250$29,106,070$146,324,660
80$238,476,114$48,991,042$29,934,645$160,040,640
81$262,649,585$51,240,510$30,786,364$175,112,138
82$289,283,992$53,595,444$31,661,855$191,675,753
83$318,630,198$56,060,860$32,561,766$209,881,951
84$350,964,653$58,642,017$33,486,760$229,896,476
85$386,591,999$61,344,427$34,437,519$251,901,903
86$425,847,946$64,173,868$35,414,739$276,099,352
87$469,102,443$67,136,393$36,419,138$302,710,379
88$516,763,165$70,238,349$37,451,452$331,979,056
89$569,279,367$73,486,388$38,512,436$364,174,260
90$627,146,122$76,887,481$39,602,862$399,592,207
91$690,908,995$80,448,935$40,723,526$438,559,228
92$761,169,191$84,178,411$41,875,242$481,434,845
93$838,589,232$88,083,937$43,058,847$528,615,143
94$923,899,211$92,173,928$44,275,196$580,536,506
95$1,017,903,687$96,457,206$45,525,171$637,679,711
96$1,121,489,271$100,943,017$46,809,672$700,574,461
97$1,235,633,006$105,641,055$48,129,626$769,804,364
98$1,361,411,585$110,561,479$49,485,981$846,012,428
99$1,500,011,515$115,714,940$50,879,709$929,907,116
100$1,652,740,321$121,112,603$52,311,811$1,022,269,014