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%13.3%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$975,225
2 years$506,921$497,480$488,330$479,459$470,854$457,208
3 years$334,590$325,109$315,982$307,194$298,729$285,430
4 years$248,442$238,989$229,954$221,316$213,056$200,206
5 years$196,766$187,371$178,454$169,992$161,962$149,598
6 years$162,327$153,002$144,217$135,944$128,155$116,292
7 years$137,738$128,491$119,845$111,767$104,224$92,867
8 years$119,304$110,140$101,638$93,759$86,464$75,611
9 years$104,974$95,897$87,541$79,861$72,815$62,461
10 years$93,517$84,529$76,320$68,841$62,042$52,179
11 years$84,149$75,251$67,191$59,913$53,358$43,977
12 years$76,348$67,541$59,630$52,551$46,239$37,329
13 years$69,752$61,037$53,276$46,395$40,322$31,870
14 years$64,103$55,481$47,869$41,184$35,346$27,341
15 years$59,212$50,683$43,219$36,729$31,121$23,548
16 years$54,937$46,501$39,184$32,887$27,505$20,350
17 years$51,168$42,826$35,656$29,549$24,388$17,637
18 years$47,822$39,573$32,549$26,629$21,684$15,322
19 years$44,832$36,676$29,797$24,062$19,328$13,338
20 years$42,144$34,081$27,347$21,793$17,264$11,632
21 years$39,715$31,745$25,154$19,778$15,449$10,160
22 years$37,510$29,633$23,183$17,983$13,848$8,885
23 years$35,499$27,715$21,405$16,377$12,431$7,780
24 years$33,659$25,967$19,796$14,937$11,173$6,819
25 years$31,969$24,369$18,335$13,641$10,054$5,981
26 years$30,411$22,903$17,005$12,473$9,056$5,251
27 years$28,972$21,554$15,791$11,417$8,165$4,612
28 years$27,637$20,310$14,680$10,460$7,368$4,054
29 years$26,397$19,160$13,661$9,592$6,653$3,565
30 years$25,241$18,095$12,724$8,803$6,011$3,136
31 years$24,162$17,106$11,863$8,085$5,435$2,760
32 years$23,153$16,186$11,068$7,431$4,916$2,430
33 years$22,207$15,328$10,334$6,833$4,449$2,140
34 years$21,318$14,527$9,656$6,287$4,028$1,885
35 years$20,482$13,779$9,027$5,787$3,648$1,661
36 years$19,694$13,078$8,445$5,330$3,306$1,464
37 years$18,951$12,421$7,904$4,911$2,996$1,290
38 years$18,248$11,805$7,402$4,527$2,716$1,138
39 years$17,583$11,225$6,935$4,174$2,463$1,003
40 years$16,953$10,680$6,500$3,850$2,234$885
41 years$16,355$10,166$6,095$3,552$2,027$780
42 years$15,787$9,682$5,717$3,278$1,839$688
43 years$15,247$9,225$5,365$3,026$1,669$607
44 years$14,733$8,793$5,036$2,794$1,515$535
45 years$14,243$8,385$4,729$2,580$1,375$472
46 years$13,776$7,999$4,441$2,383$1,249$417
47 years$13,330$7,634$4,172$2,202$1,134$368
48 years$12,904$7,287$3,921$2,035$1,030$324
49 years$12,497$6,959$3,685$1,880$935$286
50 years$12,107$6,648$3,465$1,738$850$253

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 $3,598 every year, while hoping to spend $32,775 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: 28/50/22 Blend
49$12,400,000$12,400,000$12,400,000$12,400,000
50$13,668,511$13,011,311$12,819,111$13,956,446
51$15,027,827$13,613,993$13,213,679$14,784,027
52$16,524,695$14,245,108$13,620,367$15,669,455
53$18,173,110$14,906,014$14,039,545$16,620,113
54$19,988,494$15,598,137$14,471,597$17,641,592
55$21,987,842$16,322,967$14,916,917$18,740,010
56$24,189,880$17,082,070$15,375,912$19,922,057
57$26,615,244$17,877,087$15,849,001$21,195,058
58$29,286,671$18,709,737$16,336,615$22,567,026
59$32,229,219$19,581,821$16,839,199$24,046,742
60$35,470,499$20,495,230$17,357,211$25,643,820
61$39,040,937$21,451,944$17,891,125$27,368,795
62$42,974,062$22,454,039$18,441,428$29,233,212
63$47,306,821$23,503,691$19,008,620$31,249,726
64$52,079,927$24,603,183$19,593,220$33,432,216
65$57,338,247$25,754,906$20,195,759$35,795,900
66$63,131,219$26,961,367$20,816,788$38,357,475
67$69,513,325$28,225,196$21,456,872$41,135,257
68$76,544,602$29,549,148$22,116,595$44,149,351
69$84,291,208$30,936,113$22,796,558$47,421,822
70$92,826,048$32,389,119$23,497,379$50,976,896
71$102,229,461$33,911,343$24,219,698$54,841,173
72$112,589,980$35,506,113$24,964,172$59,043,866
73$124,005,165$37,176,919$25,731,479$63,617,063
74$136,582,526$38,927,422$26,522,317$68,596,017
75$150,440,536$40,761,458$27,337,407$74,019,459
76$165,709,750$42,683,049$28,177,490$79,929,951
77$182,534,039$44,696,413$29,043,330$86,374,274
78$201,071,945$46,805,972$29,935,716$93,403,844
79$221,498,180$49,016,361$30,855,459$101,075,187
80$244,005,273$51,332,441$31,803,396$109,450,451
81$268,805,390$53,759,309$32,780,388$118,597,969
82$296,132,333$56,302,308$33,787,324$128,592,889
83$326,243,751$58,967,042$34,825,119$139,517,858
84$359,423,570$61,759,383$35,894,718$151,463,780
85$395,984,674$64,685,493$36,997,090$164,530,649
86$436,271,857$67,751,829$38,133,239$178,828,473
87$480,665,081$70,965,162$39,304,197$194,478,276
88$529,583,058$74,332,595$40,511,027$211,613,225
89$583,487,209$77,861,570$41,754,825$230,379,849
90$642,886,013$81,559,896$43,036,720$250,939,397
91$708,339,813$85,435,758$44,357,878$273,469,325
92$780,466,103$89,497,739$45,719,495$298,164,942
93$859,945,356$93,754,839$47,122,809$325,241,218
94$947,527,453$98,216,496$48,569,094$354,934,775
95$1,044,038,755$102,892,606$50,059,660$387,506,084
96$1,150,389,910$107,793,546$51,595,861$423,241,885
97$1,267,584,447$112,930,197$53,179,089$462,457,851
98$1,396,728,253$118,313,968$54,810,780$505,501,526
99$1,539,040,008$123,956,826$56,492,414$552,755,558
100$1,695,862,694$129,871,316$58,225,516$604,641,266