Can I retire at age 50 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$412,895$409,217$405,629$402,127$398,707$387,342
2 years$204,404$200,597$196,907$193,330$189,860$178,498
3 years$134,915$131,092$127,412$123,869$120,455$109,453
4 years$100,178$96,367$92,723$89,240$85,910$75,351
5 years$79,341$75,553$71,957$68,545$65,307$55,221
6 years$65,455$61,694$58,152$54,816$51,675$42,071
7 years$55,539$51,811$48,325$45,067$42,026$32,904
8 years$48,106$44,411$40,983$37,806$34,865$26,219
9 years$42,328$38,668$35,299$32,202$29,361$21,184
10 years$37,708$34,084$30,774$27,759$25,017$17,297
11 years$33,931$30,343$27,093$24,158$21,515$14,241
12 years$30,785$27,234$24,044$21,190$18,645$11,801
13 years$28,126$24,612$21,482$18,708$16,259$9,830
14 years$25,848$22,371$19,302$16,607$14,252$8,223
15 years$23,876$20,437$17,427$14,810$12,549$6,903
16 years$22,152$18,750$15,800$13,261$11,091$5,812
17 years$20,632$17,268$14,377$11,915$9,834$4,904
18 years$19,283$15,957$13,125$10,738$8,744$4,147
19 years$18,077$14,789$12,015$9,702$7,793$3,512
20 years$16,993$13,742$11,027$8,787$6,961$2,979
21 years$16,014$12,800$10,143$7,975$6,230$2,529
22 years$15,125$11,949$9,348$7,251$5,584$2,150
23 years$14,314$11,175$8,631$6,604$5,012$1,829
24 years$13,572$10,471$7,982$6,023$4,505$1,557
25 years$12,891$9,826$7,393$5,501$4,054$1,326
26 years$12,263$9,235$6,857$5,029$3,652$1,130
27 years$11,682$8,691$6,367$4,604$3,292$963
28 years$11,144$8,190$5,919$4,218$2,971$822
29 years$10,644$7,726$5,508$3,868$2,683$701
30 years$10,178$7,296$5,131$3,550$2,424$598
31 years$9,743$6,898$4,783$3,260$2,191$511
32 years$9,336$6,526$4,463$2,996$1,982$436
33 years$8,954$6,181$4,167$2,755$1,794$372
34 years$8,596$5,858$3,893$2,535$1,624$318
35 years$8,259$5,556$3,640$2,334$1,471$272
36 years$7,941$5,274$3,405$2,149$1,333$232
37 years$7,641$5,009$3,187$1,980$1,208$198
38 years$7,358$4,760$2,985$1,825$1,095$169
39 years$7,090$4,526$2,796$1,683$993$145
40 years$6,836$4,306$2,621$1,552$901$124
41 years$6,595$4,099$2,458$1,432$817$106
42 years$6,366$3,904$2,305$1,322$742$90
43 years$6,148$3,720$2,163$1,220$673$77
44 years$5,941$3,546$2,031$1,127$611$66
45 years$5,743$3,381$1,907$1,040$555$56
46 years$5,555$3,225$1,791$961$504$48
47 years$5,375$3,078$1,682$888$457$41
48 years$5,203$2,938$1,581$820$415$35
49 years$5,039$2,806$1,486$758$377$30
50 years$4,882$2,680$1,397$701$343$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,000,000, adding $4,716 every year, while hoping to spend $29,588 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: 65/27/8 Blend
49$5,000,000$5,000,000$5,000,000$5,000,000
50$5,514,865$5,249,865$5,172,365$5,864,468
51$6,045,899$5,475,627$5,314,157$6,323,502
52$6,630,108$5,711,459$5,459,709$6,820,881
53$7,272,883$5,957,825$5,609,113$7,363,516
54$7,980,166$6,215,207$5,762,467$7,955,807
55$8,758,504$6,484,113$5,919,870$8,602,596
56$9,615,109$6,765,072$6,081,424$9,309,208
57$10,557,930$7,058,641$6,247,231$10,081,502
58$11,595,724$7,365,399$6,417,399$10,925,925
59$12,738,141$7,685,957$6,592,035$11,849,571
60$13,995,814$8,020,952$6,771,251$12,860,244
61$15,380,458$8,371,050$6,955,159$13,966,536
62$16,904,984$8,736,950$7,143,876$15,177,903
63$18,583,617$9,119,385$7,337,520$16,504,750
64$20,432,032$9,519,121$7,536,213$17,958,532
65$22,467,500$9,936,959$7,740,077$19,551,860
66$24,709,056$10,373,740$7,949,241$21,298,616
67$27,177,671$10,830,345$8,163,832$23,214,081
68$29,896,456$11,307,695$8,383,983$25,315,083
69$32,890,877$11,806,754$8,609,829$27,620,146
70$36,188,996$12,328,535$8,841,507$30,149,670
71$39,821,736$12,874,095$9,079,160$32,926,117
72$43,823,171$13,444,544$9,322,930$35,974,219
73$48,230,850$14,041,042$9,572,964$39,321,215
74$53,086,151$14,664,807$9,829,412$42,997,101
75$58,434,669$15,317,113$10,092,427$47,034,909
76$64,326,647$15,999,294$10,362,166$51,471,021
77$70,817,455$16,712,749$10,638,789$56,345,507
78$77,968,104$17,458,942$10,922,456$61,702,497
79$85,845,828$18,239,408$11,213,336$67,590,600
80$94,524,716$19,055,753$11,511,597$74,063,356
81$104,086,414$19,909,661$11,817,412$81,179,737
82$114,620,890$20,802,896$12,130,957$89,004,704
83$126,227,289$21,737,307$12,452,412$97,609,812
84$139,014,865$22,714,828$12,781,961$107,073,884
85$153,104,015$23,737,488$13,119,790$117,483,748
86$168,627,412$24,807,411$13,466,090$128,935,057
87$185,731,258$25,926,825$13,821,055$141,533,184
88$204,576,668$27,098,062$14,184,882$155,394,211
89$225,341,186$28,323,564$14,557,773$170,646,022
90$248,220,463$29,605,894$14,939,934$187,429,504
91$273,430,101$30,947,735$15,331,573$205,899,871
92$301,207,694$32,351,896$15,732,903$226,228,126
93$331,815,065$33,821,325$16,144,141$248,602,663
94$365,540,739$35,359,107$16,565,508$273,231,048
95$402,702,669$36,968,478$16,997,227$300,341,965
96$443,651,234$38,652,827$17,439,527$330,187,369
97$488,772,549$40,415,704$17,892,640$363,044,859
98$538,492,108$42,260,833$18,356,803$399,220,291
99$593,278,802$44,192,113$18,832,255$439,050,657
100$653,649,345$46,213,631$19,319,240$482,907,257