Can I retire at age 50 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,305,680
2 years$686,796$674,005$661,609$649,590$637,931$603,922
3 years$453,316$440,470$428,105$416,198$404,730$371,751
4 years$336,599$323,792$311,551$299,847$288,657$256,962
5 years$266,587$253,857$241,776$230,312$219,432$189,109
6 years$219,927$207,293$195,391$184,182$173,629$144,707
7 years$186,612$174,085$162,371$151,426$141,207$113,690
8 years$161,637$149,223$137,703$127,028$117,145$91,019
9 years$142,223$129,925$118,604$108,199$98,653$73,897
10 years$126,700$114,523$103,402$93,269$84,057$60,641
11 years$114,008$101,953$91,033$81,172$72,292$50,181
12 years$103,439$91,507$80,790$71,199$62,647$41,802
13 years$94,503$82,696$72,180$62,858$54,629$35,010
14 years$86,849$75,168$64,854$55,798$47,888$29,449
15 years$80,223$68,668$58,555$49,762$42,164$24,861
16 years$74,430$63,001$53,088$44,557$37,265$21,050
17 years$69,325$58,022$48,308$40,034$33,041$17,868
18 years$64,791$53,615$44,099$36,078$29,379$15,198
19 years$60,740$49,690$40,371$32,600$26,186$12,949
20 years$57,098$46,174$37,050$29,526$23,390$11,050
21 years$53,807$43,009$34,079$26,796$20,931$9,440
22 years$50,820$40,148$31,409$24,364$18,762$8,074
23 years$48,096$37,549$29,001$22,189$16,842$6,912
24 years$45,603$35,181$26,821$20,237$15,138$5,921
25 years$43,313$33,016$24,841$18,482$13,622$5,076
26 years$41,203$31,029$23,039$16,899$12,270$4,354
27 years$39,252$29,202$21,394$15,468$11,062$3,736
28 years$37,444$27,517$19,888$14,172$9,982$3,207
29 years$35,763$25,959$18,508$12,996$9,013$2,754
30 years$34,198$24,516$17,239$11,927$8,144$2,366
31 years$32,736$23,176$16,072$10,954$7,363$2,033
32 years$31,368$21,929$14,995$10,067$6,660$1,747
33 years$30,086$20,767$14,001$9,258$6,028$1,502
34 years$28,882$19,682$13,082$8,518$5,457$1,291
35 years$27,750$18,668$12,231$7,841$4,943$1,110
36 years$26,682$17,719$11,441$7,221$4,479$955
37 years$25,675$16,829$10,709$6,654$4,059$821
38 years$24,723$15,994$10,028$6,133$3,680$706
39 years$23,822$15,208$9,396$5,655$3,337$608
40 years$22,968$14,469$8,807$5,216$3,027$523
41 years$22,158$13,774$8,258$4,812$2,746$450
42 years$21,389$13,117$7,746$4,441$2,492$387
43 years$20,657$12,498$7,269$4,100$2,261$333
44 years$19,961$11,913$6,823$3,785$2,053$286
45 years$19,297$11,361$6,406$3,496$1,863$246
46 years$18,664$10,838$6,017$3,229$1,692$212
47 years$18,060$10,342$5,653$2,983$1,536$182
48 years$17,483$9,873$5,312$2,757$1,395$157
49 years$16,931$9,428$4,993$2,548$1,267$135
50 years$16,403$9,006$4,694$2,355$1,151$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,800,000, adding $2,380 every year, while hoping to spend $55,700 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: 68/8/24 Blend
49$16,800,000$16,800,000$16,800,000$16,800,000
50$18,516,055$17,625,655$17,365,255$19,661,414
51$20,345,428$18,430,048$17,887,727$21,234,391
52$22,359,531$19,271,989$18,425,834$22,947,958
53$24,577,146$20,153,259$18,980,043$24,821,329
54$27,018,972$21,075,726$19,550,831$26,870,289
55$29,707,815$22,041,345$20,138,692$29,112,215
56$32,668,807$23,052,165$20,744,133$31,566,237
57$35,929,640$24,110,336$21,367,676$34,253,418
58$39,520,829$25,218,108$22,009,859$37,196,945
59$43,476,000$26,377,842$22,671,236$40,422,354
60$47,832,206$27,592,011$23,352,376$43,957,758
61$52,630,277$28,863,205$24,053,867$47,834,118
62$57,915,206$30,194,143$24,776,312$52,085,526
63$63,736,571$31,587,670$25,520,333$56,749,530
64$70,149,008$33,046,772$26,286,571$61,867,479
65$77,212,719$34,574,576$27,075,683$67,484,914
66$84,994,047$36,174,361$27,888,349$73,651,991
67$93,566,097$37,849,562$28,725,266$80,423,957
68$103,009,431$39,603,783$29,587,154$87,861,659
69$113,412,821$41,440,796$30,474,752$96,032,123
70$124,874,095$43,364,562$31,388,823$105,009,177
71$137,501,053$45,379,226$32,330,149$114,874,146
72$151,412,490$47,489,138$33,299,539$125,716,613
73$166,739,313$49,698,854$34,297,822$137,635,266
74$183,625,779$52,013,154$35,325,855$150,738,818
75$202,230,854$54,437,044$36,384,517$165,147,030
76$222,729,717$56,975,775$37,474,714$180,991,841
77$245,315,411$59,634,851$38,597,379$198,418,601
78$270,200,664$62,420,040$39,753,473$217,587,445
79$297,619,900$65,337,390$40,943,982$238,674,792
80$327,831,449$68,393,241$42,169,925$261,875,011
81$361,119,988$71,594,241$43,432,348$287,402,242
82$397,799,224$74,947,356$44,732,329$315,492,420
83$438,214,859$78,459,891$46,070,977$346,405,488
84$482,747,853$82,139,503$47,449,432$380,427,847
85$531,818,017$85,994,222$48,868,871$417,875,053
86$585,887,979$90,032,463$50,330,503$459,094,788
87$645,467,549$94,263,051$51,835,572$504,470,132
88$711,118,535$98,695,236$53,385,359$554,423,177
89$783,460,039$103,338,716$54,981,182$609,418,994
90$863,174,311$108,203,661$56,624,400$669,970,023
91$951,013,181$113,300,731$58,316,407$736,640,899
92$1,047,805,161$118,641,102$60,058,642$810,053,770
93$1,154,463,265$124,236,493$61,852,584$890,894,163
94$1,271,993,627$130,099,191$63,699,755$979,917,444
95$1,401,505,003$136,242,077$65,601,723$1,077,955,940
96$1,544,219,232$142,678,658$67,560,099$1,185,926,782
97$1,701,482,775$149,423,093$69,576,544$1,304,840,555
98$1,874,779,424$156,490,231$71,652,764$1,435,810,825
99$2,065,744,312$163,895,639$73,790,518$1,580,064,636
100$2,276,179,346$171,655,639$75,991,615$1,738,954,085