Can I retire at age 50 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,247,553
2 years$654,092$641,910$630,104$618,657$607,554$579,180
3 years$431,730$419,495$407,719$396,379$385,457$357,904
4 years$320,570$308,373$296,715$285,569$274,911$248,392
5 years$253,892$241,768$230,263$219,344$208,983$183,572
6 years$209,455$197,422$186,087$175,411$165,361$141,085
7 years$177,726$165,795$154,639$144,215$134,483$111,346
8 years$153,940$142,117$131,146$120,979$111,567$89,560
9 years$135,450$123,738$112,956$103,047$93,955$73,063
10 years$120,667$109,069$98,478$88,828$80,054$60,255
11 years$108,579$97,098$86,698$77,307$68,850$50,117
12 years$98,513$87,150$76,942$67,808$59,664$41,968
13 years$90,002$78,758$68,743$59,865$52,028$35,337
14 years$82,714$71,589$61,766$53,141$45,607$29,888
15 years$76,403$65,398$55,766$47,392$40,156$25,373
16 years$70,886$60,001$50,560$42,435$35,490$21,606
17 years$66,023$55,259$46,008$38,127$31,468$18,446
18 years$61,706$51,062$41,999$34,360$27,980$15,782
19 years$57,847$47,323$38,448$31,048$24,939$13,528
20 years$54,379$43,975$35,286$28,120$22,276$11,613
21 years$51,245$40,961$32,456$25,520$19,935$9,983
22 years$48,400$38,236$29,913$23,204$17,869$8,591
23 years$45,806$35,761$27,620$21,132$16,040$7,400
24 years$43,431$33,506$25,544$19,274$14,417$6,380
25 years$41,250$31,444$23,659$17,602$12,973$5,504
26 years$39,241$29,552$21,942$16,094$11,686$4,752
27 years$37,383$27,812$20,375$14,731$10,536$4,104
28 years$35,661$26,207$18,941$13,497$9,506$3,546
29 years$34,060$24,723$17,627$12,377$8,584$3,065
30 years$32,569$23,348$16,418$11,359$7,756$2,651
31 years$31,177$22,072$15,306$10,433$7,012$2,293
32 years$29,875$20,885$14,281$9,588$6,343$1,984
33 years$28,654$19,778$13,334$8,817$5,741$1,717
34 years$27,507$18,745$12,459$8,112$5,197$1,486
35 years$26,428$17,779$11,648$7,468$4,708$1,286
36 years$25,412$16,875$10,897$6,878$4,265$1,113
37 years$24,452$16,028$10,199$6,337$3,866$964
38 years$23,546$15,232$9,551$5,841$3,505$835
39 years$22,688$14,484$8,948$5,385$3,178$723
40 years$21,875$13,780$8,387$4,967$2,883$626
41 years$21,103$13,118$7,864$4,583$2,615$542
42 years$20,370$12,493$7,377$4,230$2,373$470
43 years$19,674$11,903$6,922$3,904$2,154$407
44 years$19,010$11,346$6,498$3,605$1,955$353
45 years$18,378$10,820$6,101$3,329$1,775$305
46 years$17,776$10,322$5,731$3,075$1,611$265
47 years$17,200$9,850$5,384$2,841$1,463$229
48 years$16,650$9,403$5,059$2,625$1,329$199
49 years$16,125$8,979$4,755$2,426$1,207$172
50 years$15,622$8,577$4,471$2,243$1,096$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,000,000, adding $3,401 every year, while hoping to spend $37,324 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: 54/20/26 Blend
49$16,000,000$16,000,000$16,000,000$16,000,000
50$17,635,508$16,787,508$16,539,508$18,460,630
51$19,394,618$17,570,384$17,053,869$19,813,083
52$21,331,905$18,390,369$17,584,210$21,280,557
53$23,465,506$19,249,243$18,131,028$22,877,442
54$25,815,403$20,148,872$18,694,832$24,616,159
55$28,403,616$21,091,209$19,276,152$26,510,363
56$31,254,411$22,078,304$19,875,529$28,575,069
57$34,394,526$23,112,306$20,493,525$30,826,792
58$37,853,427$24,195,468$21,130,716$33,283,692
59$41,663,581$25,330,150$21,787,700$35,965,747
60$45,860,767$26,518,829$22,465,089$38,894,933
61$50,484,413$27,764,099$23,163,517$42,095,426
62$55,577,964$29,068,681$23,883,636$45,593,827
63$61,189,299$30,435,429$24,626,120$49,419,406
64$67,371,174$31,867,332$25,391,662$53,604,372
65$74,181,729$33,367,526$26,180,978$58,184,172
66$81,685,029$34,939,299$26,994,805$63,197,820
67$89,951,674$36,586,096$27,833,902$68,688,253
68$99,059,462$38,311,532$28,699,055$74,702,739
69$109,094,125$40,119,395$29,591,072$81,293,305
70$120,150,138$42,013,657$30,510,784$88,517,230
71$132,331,609$43,998,483$31,459,052$96,437,571
72$145,753,263$46,078,240$32,436,761$105,123,754
73$160,541,527$48,257,505$33,444,824$114,652,217
74$176,835,720$50,541,079$34,484,182$125,107,127
75$194,789,366$52,933,995$35,555,805$136,581,161
76$214,571,652$55,441,531$36,660,695$149,176,373
77$236,369,014$58,069,220$37,799,882$163,005,147
78$260,386,906$60,822,864$38,974,430$178,191,248
79$286,851,732$63,708,546$40,185,436$194,870,975
80$316,012,990$66,732,646$41,434,029$213,194,441
81$348,145,621$69,901,852$42,721,375$233,326,975
82$383,552,609$73,223,177$44,048,675$255,450,672
83$422,567,837$76,703,975$45,417,168$279,766,094
84$465,559,244$80,351,957$46,828,131$306,494,155
85$512,932,293$84,175,209$48,282,880$335,878,189
86$565,133,803$88,182,210$49,782,772$368,186,233
87$622,656,162$92,381,850$51,329,206$403,713,538
88$686,041,982$96,783,452$52,923,626$442,785,345
89$755,889,214$101,396,791$54,567,517$485,759,935
90$832,856,799$106,232,119$56,262,414$533,031,992
91$917,670,885$111,300,185$58,009,897$585,036,313
92$1,011,131,682$116,612,260$59,811,595$642,251,890
93$1,114,121,019$122,180,166$61,669,189$705,206,414
94$1,227,610,666$128,016,298$63,584,410$774,481,231
95$1,352,671,510$134,133,653$65,559,044$850,716,813
96$1,490,483,664$140,545,862$67,594,932$934,618,774
97$1,642,347,607$147,267,218$69,693,972$1,026,964,515
98$1,809,696,462$154,312,711$71,858,119$1,128,610,527
99$1,994,109,527$161,698,060$74,089,392$1,240,500,461
100$2,197,327,181$169,439,747$76,389,869$1,363,673,997