Can I retire at age 50 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,510,368
2 years$805,350$790,351$775,815$761,721$748,050$687,781
3 years$531,567$516,503$502,004$488,042$474,594$416,490
4 years$394,702$379,685$365,330$351,607$338,484$282,989
5 years$312,605$297,677$283,511$270,068$257,310$204,566
6 years$257,891$243,076$229,119$215,975$203,601$153,642
7 years$218,825$204,135$190,399$177,565$165,582$118,394
8 years$189,539$174,981$161,474$148,955$137,366$92,902
9 years$166,773$152,353$139,077$126,877$115,682$73,878
10 years$148,571$134,291$121,251$109,369$98,567$59,344
11 years$133,688$119,552$106,747$95,184$84,771$48,040
12 years$121,294$107,303$94,735$83,489$73,461$39,127
13 years$110,815$96,971$84,640$73,708$64,059$32,021
14 years$101,841$88,144$76,049$65,430$56,154$26,307
15 years$94,071$80,521$68,662$58,352$49,442$21,680
16 years$87,278$73,876$62,253$52,248$43,697$17,912
17 years$81,291$68,037$56,647$46,944$38,745$14,830
18 years$75,975$62,870$51,712$42,306$34,450$12,299
19 years$71,225$58,267$47,339$38,227$30,706$10,214
20 years$66,954$54,144$43,446$34,622$27,427$8,492
21 years$63,095$50,433$39,962$31,422$24,544$7,067
22 years$59,592$47,078$36,831$28,570$22,001$5,886
23 years$56,398$44,031$34,007$26,019$19,749$4,905
24 years$53,475$41,254$31,451$23,731$17,751$4,090
25 years$50,790$38,715$29,130$21,672$15,973$3,412
26 years$48,315$36,386$27,016$19,816$14,388$2,848
27 years$46,027$34,243$25,087$18,138$12,972$2,377
28 years$43,907$32,267$23,322$16,618$11,705$1,985
29 years$41,936$30,440$21,703$15,239$10,569$1,658
30 years$40,101$28,748$20,215$13,986$9,550$1,385
31 years$38,387$27,176$18,846$12,845$8,634$1,157
32 years$36,783$25,714$17,584$11,805$7,810$967
33 years$35,280$24,352$16,418$10,856$7,068$808
34 years$33,868$23,080$15,340$9,988$6,399$675
35 years$32,540$21,891$14,342$9,195$5,796$564
36 years$31,288$20,778$13,416$8,468$5,252$472
37 years$30,107$19,734$12,558$7,802$4,760$394
38 years$28,991$18,754$11,760$7,191$4,315$330
39 years$27,934$17,834$11,017$6,631$3,913$276
40 years$26,933$16,967$10,327$6,116$3,549$230
41 years$25,983$16,151$9,683$5,643$3,220$193
42 years$25,081$15,382$9,083$5,208$2,922$161
43 years$24,223$14,656$8,523$4,807$2,652$135
44 years$23,406$13,970$8,001$4,439$2,407$113
45 years$22,628$13,322$7,512$4,099$2,185$94
46 years$21,886$12,708$7,056$3,787$1,984$79
47 years$21,178$12,128$6,629$3,498$1,802$66
48 years$20,501$11,577$6,229$3,233$1,636$55
49 years$19,854$11,056$5,855$2,987$1,486$46
50 years$19,234$10,561$5,505$2,761$1,350$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $19,700,000, adding $4,912 every year, while hoping to spend $28,302 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: 74/8/18 Blend
49$19,700,000$19,700,000$19,700,000$19,700,000
50$21,714,467$20,670,367$20,365,017$23,230,442
51$23,899,229$21,653,102$21,017,132$25,218,861
52$26,305,889$22,683,042$21,690,144$27,393,158
53$28,957,049$23,762,471$22,384,724$29,775,009
54$31,877,619$24,893,783$23,101,562$32,385,054
55$35,095,046$26,079,487$23,841,374$35,246,022
56$38,639,576$27,322,218$24,604,896$38,382,935
57$42,544,541$28,624,735$25,392,888$41,823,348
58$46,846,670$29,989,932$26,206,135$45,597,601
59$51,586,437$31,420,846$27,045,448$49,739,107
60$56,808,445$32,920,659$27,911,662$54,284,660
61$62,561,843$34,492,708$28,805,640$59,274,781
62$68,900,795$36,140,495$29,728,272$64,754,100
63$75,884,986$37,867,688$30,680,479$70,771,767
64$83,580,188$39,678,138$31,663,208$77,381,918
65$92,058,881$41,575,881$32,677,440$84,644,179
66$101,400,936$43,565,148$33,724,183$92,624,229
67$111,694,370$45,650,380$34,804,482$101,394,408
68$123,036,177$47,836,229$35,919,413$111,034,405
69$135,533,241$50,127,578$37,070,088$121,631,998
70$149,303,348$52,529,546$38,257,652$133,283,882
71$164,476,295$55,047,500$39,483,289$146,096,575
72$181,195,120$57,687,069$40,748,222$160,187,421
73$199,617,445$60,454,159$42,053,710$175,685,688
74$219,916,971$63,354,959$43,401,056$192,733,788
75$242,285,112$66,395,962$44,791,601$211,488,609
76$266,932,807$69,583,978$46,226,734$232,122,998
77$294,092,508$72,926,147$47,707,884$254,827,380
78$324,020,373$76,429,958$49,236,527$279,811,551
79$356,998,689$80,103,264$50,814,189$307,306,651
80$393,338,533$83,954,302$52,442,442$337,567,343
81$433,382,709$87,991,708$54,122,909$370,874,204
82$477,508,986$92,224,543$55,857,268$407,536,368
83$526,133,663$96,662,305$57,647,246$447,894,438
84$579,715,497$101,314,959$59,494,629$492,323,690
85$638,760,039$106,192,953$61,401,261$541,237,610
86$703,824,401$111,307,246$63,369,041$595,091,787
87$775,522,520$116,669,330$65,399,933$654,388,201
88$854,530,949$122,291,260$67,495,964$719,679,960
89$941,595,250$128,185,676$69,659,223$791,576,502
90$1,037,537,028$134,365,836$71,891,869$870,749,344
91$1,143,261,687$140,845,644$74,196,128$957,938,407
92$1,259,766,981$147,639,683$76,574,301$1,053,958,992
93$1,388,152,433$154,763,247$79,028,760$1,159,709,462
94$1,529,629,711$162,232,376$81,561,953$1,276,179,710
95$1,685,534,072$170,063,893$84,176,409$1,404,460,494
96$1,857,336,965$178,275,441$86,874,736$1,545,753,717
97$2,046,659,923$186,885,526$89,659,627$1,701,383,762
98$2,255,289,872$195,913,554$92,533,862$1,872,809,976
99$2,485,196,001$205,379,880$95,500,309$2,061,640,437
100$2,738,548,352$215,305,853$98,561,928$2,269,647,112