Can I retire at age 50 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$388,122$384,664$381,291$377,999$374,785$360,913
2 years$192,139$188,561$185,093$181,730$178,469$164,650
3 years$126,821$123,227$119,767$116,436$113,228$99,897
4 years$94,168$90,585$87,160$83,886$80,755$68,013
5 years$74,581$71,019$67,640$64,432$61,389$49,269
6 years$61,527$57,993$54,663$51,527$48,575$37,086
7 years$52,207$48,702$45,425$42,363$39,504$28,643
8 years$45,220$41,747$38,524$35,538$32,773$22,529
9 years$39,788$36,348$33,181$30,270$27,599$17,960
10 years$35,446$32,039$28,928$26,093$23,516$14,463
11 years$31,895$28,522$25,468$22,709$20,225$11,739
12 years$28,938$25,600$22,602$19,919$17,526$9,587
13 years$26,438$23,135$20,193$17,585$15,283$7,867
14 years$24,297$21,029$18,144$15,610$13,397$6,481
15 years$22,443$19,211$16,381$13,922$11,796$5,357
16 years$20,823$17,625$14,852$12,465$10,425$4,439
17 years$19,394$16,232$13,515$11,200$9,244$3,686
18 years$18,126$14,999$12,337$10,093$8,219$3,066
19 years$16,993$13,901$11,294$9,120$7,326$2,554
20 years$15,974$12,918$10,365$8,260$6,544$2,130
21 years$15,053$12,032$9,534$7,497$5,856$1,778
22 years$14,217$11,232$8,787$6,816$5,249$1,485
23 years$13,455$10,505$8,113$6,208$4,712$1,242
24 years$12,758$9,842$7,503$5,662$4,235$1,039
25 years$12,117$9,237$6,950$5,171$3,811$869
26 years$11,527$8,681$6,445$4,728$3,433$728
27 years$10,981$8,170$5,985$4,327$3,095$610
28 years$10,475$7,698$5,564$3,965$2,793$511
29 years$10,005$7,262$5,178$3,636$2,522$428
30 years$9,567$6,859$4,823$3,337$2,278$359
31 years$9,158$6,484$4,496$3,065$2,060$301
32 years$8,776$6,135$4,195$2,816$1,863$252
33 years$8,417$5,810$3,917$2,590$1,686$211
34 years$8,080$5,506$3,660$2,383$1,527$177
35 years$7,763$5,223$3,422$2,194$1,383$149
36 years$7,465$4,957$3,201$2,020$1,253$125
37 years$7,183$4,708$2,996$1,861$1,136$105
38 years$6,917$4,474$2,806$1,716$1,030$88
39 years$6,664$4,255$2,629$1,582$934$74
40 years$6,426$4,048$2,464$1,459$847$62
41 years$6,199$3,853$2,310$1,346$768$52
42 years$5,984$3,670$2,167$1,242$697$43
43 years$5,779$3,497$2,033$1,147$633$36
44 years$5,584$3,333$1,909$1,059$574$31
45 years$5,399$3,178$1,792$978$521$26
46 years$5,222$3,032$1,683$903$473$21
47 years$5,053$2,893$1,581$835$430$18
48 years$4,891$2,762$1,486$771$390$15
49 years$4,737$2,638$1,397$713$355$13
50 years$4,589$2,520$1,313$659$322$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $4,700,000, adding $4,898 every year, while hoping to spend $42,985 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: 38/41/21 Blend
49$4,700,000$4,700,000$4,700,000$4,700,000
50$5,184,452$4,935,352$4,862,502$5,348,687
51$5,667,531$5,131,449$4,979,660$5,664,094
52$6,198,442$5,335,713$5,099,303$6,000,332
53$6,782,021$5,548,501$5,221,467$6,362,841
54$7,423,592$5,770,182$5,346,191$6,754,019
55$8,129,022$6,001,145$5,473,512$7,176,496
56$8,904,775$6,241,793$5,603,467$7,633,164
57$9,757,972$6,492,551$5,736,093$8,127,192
58$10,696,460$6,753,861$5,871,427$8,662,067
59$11,728,884$7,026,186$6,009,505$9,241,614
60$12,864,769$7,310,007$6,150,362$9,870,039
61$14,114,609$7,605,832$6,294,033$10,551,960
62$15,489,969$7,914,187$6,440,553$11,292,456
63$17,003,589$8,235,625$6,589,954$12,097,105
64$18,669,508$8,570,724$6,742,271$12,972,044
65$20,503,194$8,920,086$6,897,534$13,924,015
66$22,521,693$9,284,343$7,055,774$14,960,435
67$24,743,784$9,664,154$7,217,021$16,089,459
68$27,190,162$10,060,210$7,381,303$17,320,055
69$29,883,630$10,473,232$7,548,648$18,662,088
70$32,849,314$10,903,974$7,719,082$20,126,412
71$36,114,901$11,353,226$7,892,628$21,724,964
72$39,710,899$11,821,811$8,069,309$23,470,881
73$43,670,925$12,310,595$8,249,145$25,378,615
74$48,032,024$12,820,478$8,432,156$27,464,072
75$52,835,015$13,352,406$8,618,357$29,744,755
76$58,124,878$13,907,365$8,807,764$32,239,929
77$63,951,179$14,486,390$9,000,387$34,970,795
78$70,368,535$15,090,559$9,196,237$37,960,693
79$77,437,134$15,721,005$9,395,319$41,235,315
80$85,223,297$16,378,909$9,597,637$44,822,943
81$93,800,107$17,065,509$9,803,192$48,754,714
82$103,248,098$17,782,100$10,011,979$53,064,908
83$113,656,017$18,530,035$10,223,993$57,791,270
84$125,121,656$19,310,733$10,439,223$62,975,360
85$137,752,782$20,125,676$10,657,653$68,662,940
86$151,668,147$20,976,415$10,879,266$74,904,403
87$166,998,614$21,864,575$11,104,037$81,755,242
88$183,888,388$22,791,855$11,331,938$89,276,570
89$202,496,381$23,760,032$11,562,935$97,535,690
90$222,997,707$24,770,969$11,796,988$106,606,726
91$245,585,339$25,826,613$12,034,054$116,571,314
92$270,471,929$26,929,002$12,274,080$127,519,371
93$297,891,812$28,080,270$12,517,008$139,549,933
94$328,103,224$29,282,650$12,762,775$152,772,084
95$361,390,733$30,538,480$13,011,308$167,305,982
96$398,067,928$31,850,206$13,262,527$183,283,980
97$438,480,381$33,220,391$13,516,346$200,851,872
98$483,008,904$34,651,714$13,772,668$220,170,260
99$532,073,147$36,146,983$14,031,387$241,416,062
100$586,135,559$37,709,136$14,292,390$264,784,171