Can I retire at age 50 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,284,422
2 years$678,620$665,981$653,733$641,856$630,337$591,082
3 years$447,919$435,226$423,008$411,244$399,912$361,918
4 years$332,592$319,937$307,842$296,278$285,220$248,780
5 years$263,413$250,835$238,898$227,570$216,820$182,031
6 years$217,309$204,825$193,065$181,989$171,562$138,456
7 years$184,391$172,012$160,438$149,624$139,526$108,101
8 years$159,713$147,446$136,064$125,515$115,750$85,988
9 years$140,529$128,378$117,192$106,911$97,479$69,348
10 years$125,192$113,159$102,171$92,159$83,057$56,519
11 years$112,651$100,739$89,949$80,206$71,431$46,441
12 years$102,207$90,418$79,828$70,351$61,901$38,408
13 years$93,377$81,711$71,321$62,109$53,979$31,929
14 years$85,816$74,273$64,082$55,134$47,318$26,655
15 years$79,268$67,850$57,857$49,170$41,662$22,329
16 years$73,544$62,251$52,456$44,026$36,821$18,758
17 years$68,499$57,331$47,733$39,557$32,648$15,795
18 years$64,020$52,976$43,574$35,649$29,029$13,325
19 years$60,017$49,098$39,890$32,212$25,874$11,261
20 years$56,418$45,624$36,609$29,174$23,111$9,529
21 years$53,167$42,497$33,673$26,477$20,682$8,072
22 years$50,215$39,670$31,035$24,074$18,539$6,845
23 years$47,523$37,102$28,656$21,925$16,641$5,809
24 years$45,060$34,762$26,501$19,996$14,958$4,933
25 years$42,797$32,623$24,546$18,262$13,460$4,192
26 years$40,712$30,660$22,765$16,698$12,124$3,564
27 years$38,785$28,855$21,139$15,284$10,931$3,031
28 years$36,998$27,190$19,652$14,003$9,863$2,579
29 years$35,337$25,650$18,288$12,841$8,906$2,195
30 years$33,790$24,224$17,034$11,785$8,047$1,868
31 years$32,346$22,900$15,880$10,824$7,275$1,591
32 years$30,995$21,668$14,817$9,947$6,581$1,355
33 years$29,728$20,520$13,834$9,147$5,956$1,154
34 years$28,538$19,448$12,926$8,416$5,392$983
35 years$27,419$18,446$12,085$7,748$4,884$837
36 years$26,365$17,508$11,305$7,135$4,425$714
37 years$25,369$16,629$10,582$6,574$4,011$608
38 years$24,429$15,803$9,909$6,060$3,636$518
39 years$23,538$15,027$9,284$5,587$3,297$442
40 years$22,695$14,297$8,702$5,154$2,991$376
41 years$21,894$13,610$8,159$4,755$2,713$321
42 years$21,134$12,961$7,654$4,388$2,462$273
43 years$20,411$12,350$7,182$4,051$2,234$233
44 years$19,723$11,772$6,742$3,740$2,028$199
45 years$19,067$11,225$6,330$3,454$1,841$169
46 years$18,442$10,709$5,945$3,191$1,672$144
47 years$17,845$10,219$5,586$2,948$1,518$123
48 years$17,275$9,756$5,249$2,724$1,379$105
49 years$16,729$9,316$4,934$2,517$1,252$89
50 years$16,207$8,899$4,638$2,327$1,137$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,600,000, adding $5,738 every year, while hoping to spend $58,489 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: 60/16/24 Blend
49$16,600,000$16,600,000$16,600,000$16,600,000
50$18,299,119$17,419,319$17,162,019$19,279,447
51$20,103,397$18,210,634$17,674,715$20,737,672
52$22,089,751$19,038,762$18,202,625$22,321,137
53$24,276,692$19,905,448$18,746,199$24,047,590
54$26,684,614$20,812,515$19,305,897$25,930,939
55$29,335,994$21,761,876$19,882,193$27,986,482
56$32,255,594$22,755,538$20,475,576$30,231,052
57$35,470,705$23,795,599$21,086,548$32,683,169
58$39,011,396$24,884,263$21,715,626$35,363,214
59$42,910,802$26,023,835$22,363,343$38,293,614
60$47,205,435$27,216,734$23,030,246$41,499,054
61$51,935,529$28,465,494$23,716,899$45,006,701
62$57,145,420$29,772,769$24,423,882$48,846,460
63$62,883,962$31,141,344$25,151,791$53,051,248
64$69,204,991$32,574,135$25,901,241$57,657,305
65$76,167,831$34,074,199$26,672,864$62,704,526
66$83,837,855$35,644,740$27,467,310$68,236,833
67$92,287,100$37,289,116$28,285,248$74,302,587
68$101,594,948$39,010,846$29,127,368$80,955,039
69$111,848,875$40,813,620$29,994,378$88,252,823
70$123,145,277$42,701,305$30,887,006$96,260,504
71$135,590,378$44,677,951$31,806,004$105,049,186
72$149,301,235$46,747,809$32,752,143$114,697,171
73$164,406,839$48,915,330$33,726,217$125,290,692
74$181,049,336$51,185,180$34,729,045$136,924,723
75$199,385,367$53,562,253$35,761,467$149,703,865
76$219,587,547$56,051,676$36,824,349$163,743,327
77$241,846,093$58,658,824$37,918,581$179,170,002
78$266,370,620$61,389,332$39,045,079$196,123,663
79$293,392,120$64,249,106$40,204,786$214,758,266
80$323,165,141$67,244,337$41,398,671$235,243,399
81$355,970,192$70,381,516$42,627,733$257,765,870
82$392,116,387$73,667,446$43,892,998$282,531,464
83$431,944,368$77,109,260$45,195,522$309,766,872
84$475,829,513$80,714,434$46,536,392$339,721,820
85$524,185,489$84,490,806$47,916,726$372,671,416
86$577,468,146$88,446,594$49,337,674$408,918,734
87$636,179,831$92,590,411$50,800,420$448,797,665
88$700,874,120$96,931,287$52,306,181$492,676,053
89$772,161,052$101,478,691$53,856,209$540,959,153
90$850,712,880$106,242,548$55,451,793$594,093,447
91$937,270,423$111,233,263$57,094,258$652,570,840
92$1,032,650,059$116,461,745$58,784,967$716,933,289
93$1,137,751,425$121,939,431$60,525,324$787,777,904
94$1,253,565,920$127,678,312$62,316,772$865,762,569
95$1,381,186,054$133,690,960$64,160,794$951,612,129
96$1,521,815,769$139,990,554$66,058,918$1,046,125,222
97$1,676,781,799$146,590,913$68,012,714$1,150,181,796
98$1,847,546,201$153,506,527$70,023,798$1,264,751,393
99$2,035,720,151$160,752,583$72,093,833$1,390,902,287
100$2,243,079,157$168,345,011$74,224,527$1,529,811,542