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%18.9%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,230,104
2 years$654,092$641,910$630,104$618,657$607,554$561,948
3 years$431,730$419,495$407,719$396,379$385,457$341,438
4 years$320,570$308,373$296,715$285,569$274,911$232,814
5 years$253,892$241,768$230,263$219,344$208,983$168,918
6 years$209,455$197,422$186,087$175,411$165,361$127,359
7 years$177,726$165,795$154,639$144,215$134,483$98,534
8 years$153,940$142,117$131,146$120,979$111,567$77,641
9 years$135,450$123,738$112,956$103,047$93,955$62,008
10 years$120,667$109,069$98,478$88,828$80,054$50,030
11 years$108,579$97,098$86,698$77,307$68,850$40,686
12 years$98,513$87,150$76,942$67,808$59,664$33,292
13 years$90,002$78,758$68,743$59,865$52,028$27,377
14 years$82,714$71,589$61,766$53,141$45,607$22,602
15 years$76,403$65,398$55,766$47,392$40,156$18,720
16 years$70,886$60,001$50,560$42,435$35,490$15,545
17 years$66,023$55,259$46,008$38,127$31,468$12,937
18 years$61,706$51,062$41,999$34,360$27,980$10,785
19 years$57,847$47,323$38,448$31,048$24,939$9,004
20 years$54,379$43,975$35,286$28,120$22,276$7,527
21 years$51,245$40,961$32,456$25,520$19,935$6,298
22 years$48,400$38,236$29,913$23,204$17,869$5,274
23 years$45,806$35,761$27,620$21,132$16,040$4,420
24 years$43,431$33,506$25,544$19,274$14,417$3,706
25 years$41,250$31,444$23,659$17,602$12,973$3,109
26 years$39,241$29,552$21,942$16,094$11,686$2,609
27 years$37,383$27,812$20,375$14,731$10,536$2,191
28 years$35,661$26,207$18,941$13,497$9,506$1,840
29 years$34,060$24,723$17,627$12,377$8,584$1,545
30 years$32,569$23,348$16,418$11,359$7,756$1,298
31 years$31,177$22,072$15,306$10,433$7,012$1,091
32 years$29,875$20,885$14,281$9,588$6,343$917
33 years$28,654$19,778$13,334$8,817$5,741$771
34 years$27,507$18,745$12,459$8,112$5,197$648
35 years$26,428$17,779$11,648$7,468$4,708$545
36 years$25,412$16,875$10,897$6,878$4,265$458
37 years$24,452$16,028$10,199$6,337$3,866$385
38 years$23,546$15,232$9,551$5,841$3,505$324
39 years$22,688$14,484$8,948$5,385$3,178$272
40 years$21,875$13,780$8,387$4,967$2,883$229
41 years$21,103$13,118$7,864$4,583$2,615$192
42 years$20,370$12,493$7,377$4,230$2,373$162
43 years$19,674$11,903$6,922$3,904$2,154$136
44 years$19,010$11,346$6,498$3,605$1,955$114
45 years$18,378$10,820$6,101$3,329$1,775$96
46 years$17,776$10,322$5,731$3,075$1,611$81
47 years$17,200$9,850$5,384$2,841$1,463$68
48 years$16,650$9,403$5,059$2,625$1,329$57
49 years$16,125$8,979$4,755$2,426$1,207$48
50 years$15,622$8,577$4,471$2,243$1,096$40

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 $3,853 every year, while hoping to spend $39,835 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: 74/18/8 Blend
49$16,000,000$16,000,000$16,000,000$16,000,000
50$17,635,974$16,787,974$16,539,974$18,918,869
51$19,392,460$17,568,201$17,051,679$20,544,910
52$21,326,771$18,385,324$17,579,191$22,320,322
53$23,457,006$19,241,108$18,122,998$24,264,157
54$25,803,103$20,137,405$18,683,601$26,393,066
55$28,387,038$21,076,156$19,261,520$28,725,377
56$31,233,022$22,059,394$19,857,287$31,281,265
57$34,367,737$23,089,252$20,471,454$34,082,935
58$37,820,586$24,167,964$21,104,586$37,154,834
59$41,623,966$25,297,875$21,757,270$40,523,872
60$45,813,579$26,481,440$22,430,108$44,219,678
61$50,428,769$27,721,235$23,123,721$48,274,872
62$55,512,887$29,019,959$23,838,749$52,725,371
63$61,113,707$30,380,443$24,575,853$57,610,721
64$67,283,874$31,805,653$25,335,713$62,974,471
65$74,081,400$33,298,701$26,119,030$68,864,573
66$81,570,212$34,862,847$26,926,527$75,333,835
67$89,820,758$36,501,510$27,758,950$82,440,412
68$98,910,666$38,218,275$28,617,065$90,248,349
69$108,925,482$40,016,899$29,501,666$98,828,184
70$119,959,477$41,901,323$30,413,567$108,257,602
71$132,116,533$43,875,676$31,353,611$118,622,167
72$145,511,125$45,944,291$32,322,663$130,016,122
73$160,269,405$48,111,706$33,321,617$142,543,272
74$176,530,389$50,382,684$34,351,396$156,317,957
75$194,447,268$52,762,215$35,412,947$171,466,122
76$214,188,858$55,255,533$36,507,250$188,126,504
77$235,941,192$57,868,124$37,635,313$206,451,927
78$259,909,273$60,605,742$38,798,175$226,610,740
79$286,319,014$63,474,418$39,996,909$248,788,399
80$315,419,367$66,480,478$41,232,619$273,189,205
81$347,484,674$69,630,553$42,506,444$300,038,224
82$382,817,258$72,931,597$43,819,556$329,583,404
83$421,750,273$76,390,900$45,173,166$362,097,905
84$464,650,853$80,016,107$46,568,520$397,882,663
85$511,923,578$83,815,233$48,006,903$437,269,224
86$564,014,287$87,796,685$49,489,639$480,622,860
87$621,414,297$91,969,274$51,018,094$528,346,004
88$684,665,029$96,342,243$52,593,674$580,882,039
89$754,363,131$100,925,281$54,217,830$638,719,467
90$831,166,099$105,728,549$55,892,057$702,396,508
91$915,798,496$110,762,703$57,617,896$772,506,165
92$1,009,058,781$116,038,914$59,396,934$849,701,809
93$1,111,826,853$121,568,897$61,230,808$934,703,327
94$1,225,072,358$127,364,938$63,121,205$1,028,303,904
95$1,349,863,837$133,439,919$65,069,864$1,131,377,494
96$1,487,378,821$139,807,348$67,078,577$1,244,887,046
97$1,638,914,943$146,481,390$69,149,192$1,369,893,583
98$1,805,902,190$153,476,900$71,283,612$1,507,566,192
99$1,989,916,400$160,809,455$73,483,800$1,659,193,043
100$2,192,694,143$168,495,389$75,751,777$1,826,193,527