Can I retire at age 50 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,013,292
2 years$527,361$517,540$508,021$498,792$489,840$474,388
3 years$348,082$338,218$328,723$319,581$310,775$295,722
4 years$258,460$248,626$239,226$230,240$221,647$207,111
5 years$204,701$194,926$185,649$176,846$168,493$154,515
6 years$168,873$159,172$150,032$141,425$133,322$119,920
7 years$143,292$133,672$124,678$116,274$108,427$95,603
8 years$124,114$114,582$105,736$97,539$89,951$77,704
9 years$109,207$99,764$91,071$83,082$75,751$64,076
10 years$97,287$87,937$79,398$71,617$64,544$53,431
11 years$87,542$78,285$69,900$62,328$55,510$44,948
12 years$79,426$70,265$62,035$54,670$48,104$38,080
13 years$72,564$63,499$55,424$48,266$41,947$32,448
14 years$66,688$57,718$49,799$42,845$36,771$27,780
15 years$61,600$52,727$44,962$38,210$32,376$23,878
16 years$57,152$48,376$40,764$34,213$28,614$20,592
17 years$53,231$44,552$37,094$30,740$25,371$17,808
18 years$49,750$41,168$33,862$27,703$22,559$15,437
19 years$46,639$38,154$30,999$25,032$20,107$13,410
20 years$43,843$35,455$28,449$22,671$17,960$11,668
21 years$41,316$33,025$26,168$20,576$16,072$10,168
22 years$39,022$30,828$24,118$18,708$14,407$8,873
23 years$36,931$28,832$22,268$17,038$12,932$7,751
24 years$35,017$27,014$20,595$15,539$11,624$6,777
25 years$33,258$25,351$19,075$14,192$10,460$5,931
26 years$31,638$23,826$17,691$12,976$9,422$5,194
27 years$30,140$22,423$16,427$11,877$8,494$4,552
28 years$28,751$21,129$15,271$10,882$7,665$3,991
29 years$27,461$19,933$14,211$9,979$6,921$3,501
30 years$26,259$18,825$13,237$9,158$6,254$3,073
31 years$25,136$17,796$12,341$8,411$5,654$2,698
32 years$24,086$16,838$11,514$7,730$5,114$2,369
33 years$23,102$15,946$10,751$7,108$4,628$2,081
34 years$22,178$15,113$10,045$6,540$4,190$1,829
35 years$21,308$14,335$9,391$6,021$3,795$1,607
36 years$20,488$13,606$8,785$5,545$3,439$1,413
37 years$19,715$12,922$8,223$5,109$3,117$1,242
38 years$18,984$12,281$7,700$4,709$2,826$1,092
39 years$18,292$11,678$7,214$4,342$2,562$961
40 years$17,636$11,111$6,762$4,005$2,324$845
41 years$17,014$10,576$6,341$3,695$2,109$743
42 years$16,424$10,072$5,948$3,410$1,913$654
43 years$15,862$9,597$5,581$3,148$1,736$575
44 years$15,327$9,148$5,239$2,907$1,576$506
45 years$14,817$8,723$4,919$2,684$1,431$445
46 years$14,332$8,322$4,620$2,479$1,299$392
47 years$13,868$7,941$4,341$2,291$1,180$345
48 years$13,424$7,581$4,079$2,117$1,071$303
49 years$13,001$7,240$3,834$1,956$973$267
50 years$12,595$6,916$3,605$1,808$884$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $12,900,000, adding $6,126 every year, while hoping to spend $31,168 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: 45/26/29 Blend
49$12,900,000$12,900,000$12,900,000$12,900,000
50$14,222,119$13,538,419$13,338,469$14,742,524
51$15,639,613$14,168,639$13,752,145$15,744,029
52$17,200,646$14,828,695$14,178,635$16,826,066
53$18,919,827$15,520,017$14,618,335$17,999,018
54$20,813,253$16,244,101$15,071,653$19,271,397
55$22,898,663$17,002,520$15,539,010$20,652,555
56$25,195,601$17,796,918$16,020,842$22,152,764
57$27,725,607$18,629,022$16,517,595$23,783,310
58$30,512,416$19,500,641$17,029,731$25,556,594
59$33,582,181$20,413,671$17,557,726$27,486,247
60$36,963,724$21,370,101$18,102,070$29,587,250
61$40,688,803$22,372,015$18,663,268$31,876,073
62$44,792,415$23,421,598$19,241,842$34,370,822
63$49,313,127$24,521,142$19,838,329$37,091,409
64$54,293,435$25,673,047$20,453,283$40,059,730
65$59,780,172$26,879,833$21,087,274$43,299,865
66$65,824,943$28,144,138$21,740,892$46,838,302
67$72,484,618$29,468,731$22,414,742$50,704,181
68$79,821,863$30,856,514$23,109,450$54,929,557
69$87,905,738$32,310,527$23,825,661$59,549,698
70$96,812,342$33,833,962$24,564,040$64,603,413
71$106,625,537$35,430,162$25,325,271$70,133,405
72$117,437,735$37,102,634$26,110,062$76,186,670
73$129,350,774$38,855,053$26,919,139$82,814,930
74$142,476,876$40,691,274$27,753,253$90,075,113
75$156,939,709$42,615,337$28,613,178$98,029,879
76$172,875,552$44,631,481$29,499,712$106,748,205
77$190,434,582$46,744,148$30,413,677$116,306,020
78$209,782,294$48,957,996$31,355,919$126,786,920
79$231,101,059$51,277,909$32,327,314$138,282,935
80$254,591,849$53,709,008$33,328,760$150,895,394
81$280,476,131$56,256,663$34,361,188$164,735,867
82$308,997,962$58,926,505$35,425,553$179,927,203
83$340,426,287$61,724,437$36,522,842$196,604,678
84$375,057,483$64,656,649$37,654,072$214,917,259
85$413,218,154$67,729,632$38,820,291$235,028,993
86$455,268,215$70,950,194$40,022,580$257,120,543
87$501,604,289$74,325,469$41,262,053$281,390,875
88$552,663,453$77,862,943$42,539,857$308,059,120
89$608,927,360$81,570,462$43,857,177$337,366,626
90$670,926,791$85,456,255$45,215,233$369,579,217
91$739,246,662$89,528,951$46,615,282$404,989,683
92$814,531,549$93,797,596$48,058,621$443,920,525
93$897,491,768$98,271,680$49,546,586$486,726,980
94$988,910,087$102,961,150$51,080,555$533,800,347
95$1,089,649,110$107,876,441$52,661,948$585,571,663
96$1,200,659,424$113,028,492$54,292,229$642,515,747
97$1,322,988,573$118,428,776$55,972,906$705,155,658
98$1,457,790,945$124,089,323$57,705,536$774,067,604
99$1,606,338,671$130,022,750$59,491,721$849,886,358
100$1,770,033,636$136,242,285$61,333,114$933,311,217