Can I retire at age 50 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,306,397
2 years$682,708$669,993$657,671$645,723$634,134$608,759
3 years$450,618$437,848$425,556$413,721$402,321$377,646
4 years$334,595$321,865$309,696$298,063$286,938$263,154
5 years$265,000$252,346$240,337$228,941$218,126$195,300
6 years$218,618$206,059$194,228$183,086$172,596$150,753
7 years$185,501$173,048$161,404$150,525$140,367$119,513
8 years$160,675$148,334$136,884$126,272$116,448$96,578
9 years$141,376$129,152$117,898$107,555$98,066$79,167
10 years$125,946$113,841$102,786$92,714$83,557$65,611
11 years$113,329$101,346$90,491$80,689$71,862$54,849
12 years$102,823$90,963$80,309$70,775$62,274$46,170
13 years$93,940$82,204$71,750$62,484$54,304$39,082
14 years$86,333$74,721$64,468$55,466$47,603$33,236
15 years$79,745$68,259$58,206$49,466$41,913$28,372
16 years$73,987$62,626$52,772$44,291$37,043$24,297
17 years$68,912$57,676$48,021$39,795$32,845$20,863
18 years$64,405$53,296$43,837$35,864$29,204$17,955
19 years$60,378$49,394$40,130$32,406$26,030$15,482
20 years$56,758$45,899$36,830$29,350$23,251$13,371
21 years$53,487$42,753$33,876$26,637$20,807$11,564
22 years$50,517$39,909$31,222$24,219$18,650$10,014
23 years$47,810$37,326$28,828$22,057$16,742$8,680
24 years$45,332$34,972$26,661$20,117$15,048$7,530
25 years$43,055$32,819$24,694$18,372$13,541$6,538
26 years$40,957$30,845$22,902$16,798$12,197$5,680
27 years$39,018$29,029$21,267$15,376$10,997$4,938
28 years$37,221$27,353$19,770$14,088$9,922$4,295
29 years$35,550$25,805$18,398$12,919$8,960$3,737
30 years$33,994$24,370$17,137$11,856$8,096$3,253
31 years$32,541$23,038$15,976$10,889$7,319$2,832
32 years$31,182$21,798$14,906$10,007$6,621$2,467
33 years$29,907$20,643$13,918$9,202$5,992$2,149
34 years$28,710$19,565$13,004$8,467$5,425$1,872
35 years$27,584$18,557$12,158$7,794$4,914$1,632
36 years$26,523$17,614$11,373$7,178$4,452$1,422
37 years$25,522$16,729$10,645$6,614$4,035$1,240
38 years$24,576$15,898$9,969$6,096$3,658$1,081
39 years$23,680$15,118$9,340$5,621$3,317$943
40 years$22,832$14,383$8,754$5,185$3,009$822
41 years$22,026$13,692$8,209$4,783$2,730$717
42 years$21,262$13,039$7,700$4,415$2,477$625
43 years$20,534$12,424$7,225$4,075$2,248$545
44 years$19,842$11,843$6,782$3,763$2,040$476
45 years$19,182$11,293$6,368$3,475$1,852$415
46 years$18,553$10,773$5,981$3,210$1,682$362
47 years$17,953$10,281$5,619$2,966$1,527$316
48 years$17,379$9,814$5,281$2,740$1,387$276
49 years$16,830$9,372$4,963$2,533$1,260$240
50 years$16,305$8,953$4,666$2,341$1,144$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,700,000, adding $5,394 every year, while hoping to spend $42,527 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: 70/21/9 Blend
49$16,700,000$16,700,000$16,700,000$16,700,000
50$18,408,964$17,523,864$17,265,014$19,666,441
51$20,241,430$18,337,285$17,798,143$21,313,087
52$22,259,382$19,189,138$18,347,708$23,108,628
53$24,481,695$20,081,262$18,914,212$25,072,264
54$26,929,167$21,015,583$19,498,177$27,220,512
55$29,624,718$21,994,122$20,100,142$29,571,546
56$32,593,600$23,018,996$20,720,658$32,145,366
57$35,863,645$24,092,424$21,360,297$34,963,980
58$39,465,517$25,216,733$22,019,648$38,051,614
59$43,433,009$26,394,362$22,699,315$41,434,926
60$47,803,359$27,627,869$23,399,925$45,143,265
61$52,617,600$28,919,933$24,122,121$49,208,934
62$57,920,950$30,273,364$24,866,567$53,667,495
63$63,763,237$31,691,109$25,633,947$58,558,098
64$70,199,370$33,176,256$26,424,967$63,923,846
65$77,289,855$34,732,041$27,240,352$69,812,193
66$85,101,368$36,361,860$28,080,852$76,275,393
67$93,707,387$38,069,271$28,947,240$83,370,981
68$103,188,879$39,858,003$29,840,311$91,162,311
69$113,635,067$41,731,968$30,760,884$99,719,148
70$125,144,276$43,695,267$31,709,806$109,118,322
71$137,824,856$45,752,198$32,687,947$119,444,441
72$151,796,203$47,907,268$33,696,206$130,790,687
73$167,189,895$50,165,203$34,735,508$143,259,683
74$184,150,923$52,530,956$35,806,806$156,964,458
75$202,839,067$55,009,723$36,911,084$172,029,501
76$223,430,401$57,606,949$38,049,355$188,591,930
77$246,118,957$60,328,345$39,222,663$206,802,775
78$271,118,553$63,179,896$40,432,085$226,828,396
79$298,664,815$66,167,880$41,678,729$248,852,042
80$329,017,399$69,298,879$42,963,740$273,075,566
81$362,462,443$72,579,794$44,288,294$299,721,325
82$399,315,267$76,017,859$45,653,607$329,034,266
83$439,923,352$79,620,661$47,060,930$361,284,222
84$484,669,616$83,396,155$48,511,553$396,768,449
85$533,976,032$87,352,682$50,006,806$435,814,418
86$588,307,612$91,498,988$51,548,058$478,782,895
87$648,176,792$95,844,242$53,136,722$526,071,324
88$714,148,275$100,398,061$54,774,253$578,117,570
89$786,844,360$105,170,527$56,462,151$635,404,037
90$866,950,814$110,172,211$58,201,962$698,462,197
91$955,223,348$115,414,201$59,995,278$767,877,597
92$1,052,494,752$120,908,119$61,843,743$844,295,367
93$1,159,682,756$126,666,157$63,749,048$928,426,284
94$1,277,798,694$132,701,095$65,712,937$1,021,053,469
95$1,407,957,048$139,026,336$67,737,208$1,123,039,757
96$1,551,385,975$145,655,934$69,823,713$1,235,335,814
97$1,709,438,898$152,604,629$71,974,361$1,358,989,097
98$1,883,607,283$159,887,873$74,191,120$1,495,153,710
99$2,075,534,720$167,521,873$76,476,017$1,645,101,277
100$2,287,032,440$175,523,624$78,831,142$1,810,232,921