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

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,270,686
2 years$678,620$665,981$653,733$641,856$630,337$577,585
3 years$447,919$435,226$423,008$411,244$399,912$349,090
4 years$332,592$319,937$307,842$296,278$285,220$236,715
5 years$263,413$250,835$238,898$227,570$216,820$170,754
6 years$217,309$204,825$193,065$181,989$171,562$127,965
7 years$184,391$172,012$160,438$149,624$139,526$98,382
8 years$159,713$147,446$136,064$125,515$115,750$77,016
9 years$140,529$128,378$117,192$106,911$97,479$61,094
10 years$125,192$113,159$102,171$92,159$83,057$48,950
11 years$112,651$100,739$89,949$80,206$71,431$39,523
12 years$102,207$90,418$79,828$70,351$61,901$32,104
13 years$93,377$81,711$71,321$62,109$53,979$26,202
14 years$85,816$74,273$64,082$55,134$47,318$21,466
15 years$79,268$67,850$57,857$49,170$41,662$17,640
16 years$73,544$62,251$52,456$44,026$36,821$14,532
17 years$68,499$57,331$47,733$39,557$32,648$11,995
18 years$64,020$52,976$43,574$35,649$29,029$9,918
19 years$60,017$49,098$39,890$32,212$25,874$8,212
20 years$56,418$45,624$36,609$29,174$23,111$6,806
21 years$53,167$42,497$33,673$26,477$20,682$5,647
22 years$50,215$39,670$31,035$24,074$18,539$4,688
23 years$47,523$37,102$28,656$21,925$16,641$3,895
24 years$45,060$34,762$26,501$19,996$14,958$3,238
25 years$42,797$32,623$24,546$18,262$13,460$2,692
26 years$40,712$30,660$22,765$16,698$12,124$2,240
27 years$38,785$28,855$21,139$15,284$10,931$1,864
28 years$36,998$27,190$19,652$14,003$9,863$1,551
29 years$35,337$25,650$18,288$12,841$8,906$1,291
30 years$33,790$24,224$17,034$11,785$8,047$1,075
31 years$32,346$22,900$15,880$10,824$7,275$895
32 years$30,995$21,668$14,817$9,947$6,581$746
33 years$29,728$20,520$13,834$9,147$5,956$621
34 years$28,538$19,448$12,926$8,416$5,392$517
35 years$27,419$18,446$12,085$7,748$4,884$431
36 years$26,365$17,508$11,305$7,135$4,425$359
37 years$25,369$16,629$10,582$6,574$4,011$299
38 years$24,429$15,803$9,909$6,060$3,636$249
39 years$23,538$15,027$9,284$5,587$3,297$208
40 years$22,695$14,297$8,702$5,154$2,991$173
41 years$21,894$13,610$8,159$4,755$2,713$144
42 years$21,134$12,961$7,654$4,388$2,462$120
43 years$20,411$12,350$7,182$4,051$2,234$100
44 years$19,723$11,772$6,742$3,740$2,028$83
45 years$19,067$11,225$6,330$3,454$1,841$70
46 years$18,442$10,709$5,945$3,191$1,672$58
47 years$17,845$10,219$5,586$2,948$1,518$48
48 years$17,275$9,756$5,249$2,724$1,379$40
49 years$16,729$9,316$4,934$2,517$1,252$34
50 years$16,207$8,899$4,638$2,327$1,137$28

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 $5,443 every year, while hoping to spend $59,397 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: 72/16/12 Blend
49$16,600,000$16,600,000$16,600,000$16,600,000
50$18,298,814$17,419,014$17,161,714$19,570,536
51$20,102,096$18,209,348$17,673,434$21,203,314
52$22,087,321$19,036,418$18,200,305$22,982,798
53$24,272,985$19,901,960$18,742,773$24,929,717
54$26,679,469$20,807,796$19,301,296$27,060,602
55$29,329,230$21,755,833$19,876,344$29,393,650
56$32,247,013$22,748,070$20,468,403$31,948,892
57$35,460,085$23,786,602$21,077,971$34,748,376
58$38,998,492$24,873,624$21,705,562$37,816,374
59$42,895,344$26,011,437$22,351,703$41,179,608
60$47,187,123$27,202,451$23,016,939$44,867,497
61$51,914,031$28,449,193$23,701,829$48,912,433
62$57,120,370$29,754,311$24,406,948$53,350,082
63$62,854,955$31,120,580$25,132,888$58,219,716
64$69,171,580$32,550,908$25,880,259$63,564,580
65$76,129,521$34,048,342$26,649,688$69,432,297
66$83,794,099$35,616,078$27,441,819$75,875,311
67$92,237,294$37,257,462$28,257,317$82,951,378
68$101,538,425$38,976,005$29,096,864$90,724,107
69$111,784,899$40,775,383$29,961,163$99,263,555
70$123,073,033$42,659,452$30,850,937$108,646,881
71$135,508,969$44,632,252$31,766,930$118,959,072
72$149,209,669$46,698,017$32,709,907$130,293,737
73$164,304,022$48,861,187$33,680,656$142,753,985
74$180,934,060$51,126,413$34,679,986$156,453,391
75$199,256,300$53,498,572$35,708,731$171,517,063
76$219,443,217$55,982,777$36,767,748$188,082,817
77$241,684,877$58,584,386$37,857,920$206,302,466
78$266,190,728$61,309,014$38,980,154$226,343,250
79$293,191,577$64,162,550$40,135,383$248,389,404
80$322,941,768$67,151,165$41,324,569$272,643,892
81$355,721,585$70,281,329$42,548,698$299,330,311
82$391,839,896$73,559,823$43,808,789$328,694,993
83$431,637,068$76,993,757$45,105,886$361,009,322
84$475,488,180$80,590,582$46,441,064$396,572,287
85$523,806,566$84,358,113$47,815,432$435,713,292
86$577,047,713$88,304,538$49,230,126$478,795,253
87$635,713,563$92,438,443$50,686,319$526,218,020
88$700,357,250$96,768,830$52,185,213$578,422,130
89$771,588,321$101,305,134$53,728,050$635,892,962
90$850,078,492$106,057,248$55,316,102$699,165,300
91$936,567,988$111,035,543$56,950,680$768,828,372
92$1,031,872,529$116,250,891$58,633,135$845,531,396
93$1,136,891,033$121,714,691$60,364,851$929,989,696
94$1,252,614,102$127,438,894$62,147,257$1,022,991,436
95$1,380,133,369$133,436,028$63,981,819$1,125,405,049
96$1,520,651,809$139,719,230$65,870,046$1,238,187,416
97$1,675,495,093$146,302,272$67,813,492$1,362,392,880
98$1,846,124,100$153,199,591$69,813,752$1,499,183,185
99$2,034,148,714$160,426,327$71,872,468$1,649,838,422
100$2,241,343,018$167,998,352$73,991,331$1,815,769,093