Can I retire at age 50 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,257,860
2 years$670,444$657,958$645,856$634,123$622,742$573,057
3 years$442,523$429,982$417,912$406,289$395,093$347,185
4 years$328,585$316,083$304,133$292,708$281,784$236,018
5 years$260,239$247,813$236,019$224,828$214,208$170,701
6 years$214,691$202,358$190,739$179,797$169,495$128,279
7 years$182,169$169,940$158,505$147,821$137,845$98,906
8 years$157,789$145,670$134,425$124,003$114,356$77,656
9 years$138,836$126,832$115,780$105,623$96,304$61,792
10 years$123,683$111,796$100,940$91,048$82,056$49,667
11 years$111,293$99,525$88,866$79,239$70,571$40,233
12 years$100,976$89,329$78,866$69,503$61,155$32,790
13 years$92,252$80,727$70,462$61,361$53,328$26,854
14 years$84,782$73,379$63,310$54,470$46,747$22,077
15 years$78,313$67,033$57,160$48,577$41,160$18,207
16 years$72,658$61,501$51,824$43,496$36,377$15,054
17 years$67,674$56,640$47,158$39,081$32,255$12,472
18 years$63,249$52,338$43,049$35,219$28,679$10,351
19 years$59,294$48,506$39,409$31,824$25,563$8,603
20 years$55,738$45,075$36,168$28,823$22,833$7,158
21 years$52,526$41,985$33,268$26,158$20,433$5,962
22 years$49,610$39,192$30,661$23,784$18,315$4,969
23 years$46,951$36,655$28,310$21,660$16,441$4,145
24 years$44,517$34,343$26,182$19,756$14,777$3,459
25 years$42,282$32,230$24,250$18,042$13,297$2,888
26 years$40,222$30,291$22,491$16,497$11,978$2,412
27 years$38,317$28,507$20,885$15,100$10,799$2,015
28 years$36,552$26,862$19,415$13,835$9,744$1,684
29 years$34,912$25,341$18,067$12,687$8,799$1,408
30 years$33,383$23,932$16,829$11,643$7,950$1,177
31 years$31,956$22,624$15,689$10,693$7,188$984
32 years$30,621$21,407$14,638$9,827$6,502$823
33 years$29,370$20,273$13,668$9,037$5,884$688
34 years$28,195$19,214$12,770$8,315$5,327$576
35 years$27,089$18,224$11,939$7,654$4,825$482
36 years$26,047$17,297$11,169$7,049$4,372$403
37 years$25,064$16,428$10,454$6,495$3,962$337
38 years$24,134$15,613$9,790$5,987$3,592$282
39 years$23,255$14,846$9,172$5,520$3,258$236
40 years$22,421$14,125$8,597$5,091$2,955$197
41 years$21,631$13,446$8,061$4,698$2,681$165
42 years$20,880$12,805$7,562$4,335$2,432$138
43 years$20,165$12,201$7,096$4,002$2,208$116
44 years$19,486$11,630$6,660$3,695$2,004$97
45 years$18,838$11,090$6,254$3,413$1,819$81
46 years$18,220$10,580$5,874$3,152$1,652$68
47 years$17,630$10,096$5,518$2,912$1,500$57
48 years$17,067$9,638$5,186$2,691$1,362$47
49 years$16,528$9,204$4,874$2,487$1,237$40
50 years$16,012$8,792$4,582$2,299$1,124$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,400,000, adding $6,991 every year, while hoping to spend $41,224 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: 36/45/19 Blend
49$16,400,000$16,400,000$16,400,000$16,400,000
50$18,080,011$17,210,811$16,956,611$18,626,281
51$19,880,310$18,010,279$17,480,796$19,824,142
52$21,862,858$18,847,539$18,021,159$21,112,086
53$24,046,201$19,724,400$18,578,199$22,501,659
54$26,450,775$20,642,756$19,152,429$24,001,967
55$29,099,098$21,604,596$19,744,380$25,622,983
56$32,015,987$22,612,002$20,354,598$27,375,645
57$35,228,785$23,667,157$20,983,644$29,271,939
58$38,767,624$24,772,351$21,632,099$31,325,017
59$42,665,708$25,929,982$22,300,561$33,549,299
60$46,959,625$27,142,567$22,989,645$35,960,610
61$51,689,696$28,412,741$23,699,987$38,576,315
62$56,900,350$29,743,271$24,432,242$41,415,473
63$62,640,547$31,137,053$25,187,083$44,499,010
64$68,964,240$32,597,125$25,965,207$47,849,900
65$75,930,882$34,126,673$26,767,331$51,493,373
66$83,605,988$35,729,037$27,594,193$55,457,142
67$92,061,755$37,407,716$28,446,555$59,771,652
68$101,377,741$39,166,381$29,325,201$64,470,351
69$111,641,617$41,008,879$30,230,941$69,589,995
70$122,949,993$42,939,246$31,164,609$75,170,981
71$135,409,333$44,961,710$32,127,065$81,257,709
72$149,136,957$47,080,705$33,119,193$87,898,990
73$164,262,148$49,300,881$34,141,907$95,148,488
74$180,927,375$51,627,113$35,196,149$103,065,209
75$199,289,636$54,064,510$36,282,889$111,714,040
76$219,521,939$56,618,430$37,403,126$121,166,342
77$241,814,936$59,294,494$38,557,890$131,500,606
78$266,378,725$62,098,589$39,748,245$142,803,171
79$293,444,828$65,036,893$40,975,284$155,169,018
80$323,268,382$68,115,882$42,240,137$168,702,642
81$356,130,541$71,342,344$43,543,966$183,519,017
82$392,341,137$74,723,400$44,887,970$199,744,656
83$432,241,601$78,266,515$46,273,385$217,518,777
84$476,208,184$81,979,514$47,701,483$236,994,593
85$524,655,514$85,870,605$49,173,578$258,340,725
86$578,040,506$89,948,394$50,691,022$281,742,771
87$636,866,676$94,221,903$52,255,209$307,405,017
88$701,688,895$98,700,595$53,867,577$335,552,342
89$773,118,628$103,394,390$55,529,607$366,432,299
90$851,829,704$108,313,691$57,242,825$400,317,422
91$938,564,678$113,469,406$59,008,804$437,507,754
92$1,034,141,843$118,872,975$60,829,166$478,333,648
93$1,139,462,951$124,536,390$62,705,583$523,158,837
94$1,255,521,729$130,472,230$64,639,777$572,383,828
95$1,383,413,259$136,693,684$66,633,524$626,449,636
96$1,524,344,317$143,214,580$68,688,653$685,841,902
97$1,679,644,765$150,049,422$70,807,050$751,095,426
98$1,850,780,104$157,213,417$72,990,659$822,799,161
99$2,039,365,313$164,722,512$75,241,484$901,601,723
100$2,247,180,090$172,593,431$77,561,589$988,217,454