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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$412,895$409,217$405,629$402,127$398,707$387,654
2 years$204,404$200,597$196,907$193,330$189,860$178,807
3 years$134,915$131,092$127,412$123,869$120,455$109,748
4 years$100,178$96,367$92,723$89,240$85,910$75,630
5 years$79,341$75,553$71,957$68,545$65,307$55,484
6 years$65,455$61,694$58,152$54,816$51,675$42,318
7 years$55,539$51,811$48,325$45,067$42,026$33,134
8 years$48,106$44,411$40,983$37,806$34,865$26,434
9 years$42,328$38,668$35,299$32,202$29,361$21,383
10 years$37,708$34,084$30,774$27,759$25,017$17,482
11 years$33,931$30,343$27,093$24,158$21,515$14,411
12 years$30,785$27,234$24,044$21,190$18,645$11,958
13 years$28,126$24,612$21,482$18,708$16,259$9,974
14 years$25,848$22,371$19,302$16,607$14,252$8,356
15 years$23,876$20,437$17,427$14,810$12,549$7,024
16 years$22,152$18,750$15,800$13,261$11,091$5,922
17 years$20,632$17,268$14,377$11,915$9,834$5,005
18 years$19,283$15,957$13,125$10,738$8,744$4,238
19 years$18,077$14,789$12,015$9,702$7,793$3,595
20 years$16,993$13,742$11,027$8,787$6,961$3,053
21 years$16,014$12,800$10,143$7,975$6,230$2,597
22 years$15,125$11,949$9,348$7,251$5,584$2,211
23 years$14,314$11,175$8,631$6,604$5,012$1,883
24 years$13,572$10,471$7,982$6,023$4,505$1,606
25 years$12,891$9,826$7,393$5,501$4,054$1,370
26 years$12,263$9,235$6,857$5,029$3,652$1,169
27 years$11,682$8,691$6,367$4,604$3,292$999
28 years$11,144$8,190$5,919$4,218$2,971$853
29 years$10,644$7,726$5,508$3,868$2,683$729
30 years$10,178$7,296$5,131$3,550$2,424$623
31 years$9,743$6,898$4,783$3,260$2,191$533
32 years$9,336$6,526$4,463$2,996$1,982$456
33 years$8,954$6,181$4,167$2,755$1,794$390
34 years$8,596$5,858$3,893$2,535$1,624$333
35 years$8,259$5,556$3,640$2,334$1,471$285
36 years$7,941$5,274$3,405$2,149$1,333$244
37 years$7,641$5,009$3,187$1,980$1,208$209
38 years$7,358$4,760$2,985$1,825$1,095$179
39 years$7,090$4,526$2,796$1,683$993$153
40 years$6,836$4,306$2,621$1,552$901$131
41 years$6,595$4,099$2,458$1,432$817$112
42 years$6,366$3,904$2,305$1,322$742$96
43 years$6,148$3,720$2,163$1,220$673$82
44 years$5,941$3,546$2,031$1,127$611$70
45 years$5,743$3,381$1,907$1,040$555$60
46 years$5,555$3,225$1,791$961$504$51
47 years$5,375$3,078$1,682$888$457$44
48 years$5,203$2,938$1,581$820$415$38
49 years$5,039$2,806$1,486$758$377$32
50 years$4,882$2,680$1,397$701$343$28

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 $4,033 every year, while hoping to spend $28,753 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: 53/32/15 Blend
49$5,000,000$5,000,000$5,000,000$5,000,000
50$5,514,160$5,249,160$5,171,660$5,784,064
51$6,046,011$5,475,776$5,314,318$6,195,481
52$6,631,148$5,712,532$5,460,791$6,639,489
53$7,274,974$5,959,896$5,611,176$7,121,946
54$7,983,446$6,218,355$5,765,575$7,646,507
55$8,763,123$6,488,420$5,924,088$8,217,194
56$9,621,237$6,770,628$6,086,820$8,838,425
57$10,565,754$7,065,539$6,253,879$9,515,057
58$11,605,450$7,373,740$6,425,373$10,252,431
59$12,749,998$7,695,845$6,601,415$11,056,421
60$14,010,054$8,032,498$6,782,119$11,933,483
61$15,397,363$8,384,373$6,967,603$12,890,722
62$16,924,863$8,752,177$7,157,987$13,935,950
63$18,606,812$9,136,647$7,353,393$15,077,762
64$20,458,922$9,538,557$7,553,946$16,325,614
65$22,498,505$9,958,720$7,759,776$17,689,910
66$24,744,638$10,397,982$7,971,014$19,182,096
67$27,218,341$10,857,234$8,187,794$20,814,770
68$29,942,780$11,337,407$8,410,253$22,601,795
69$32,943,479$11,839,475$8,638,532$24,558,429
70$36,248,565$12,364,460$8,872,774$26,701,464
71$39,889,032$12,913,432$9,113,125$29,049,385
72$43,899,036$13,487,513$9,359,737$31,622,539
73$48,316,211$14,087,874$9,612,762$34,443,327
74$53,182,031$14,715,747$9,872,356$37,536,409
75$58,542,199$15,372,419$10,138,681$40,928,934
76$64,447,075$16,059,240$10,411,898$44,650,795
77$70,952,156$16,777,622$10,692,176$48,734,906
78$78,118,597$17,529,046$10,979,685$53,217,508
79$86,013,788$18,315,064$11,274,599$58,138,509
80$94,711,993$19,137,300$11,577,096$63,541,857
81$104,295,045$19,997,457$11,887,358$69,475,948
82$114,853,125$20,897,318$12,205,570$75,994,079
83$126,485,609$21,838,752$12,531,922$83,154,949
84$139,302,007$22,823,716$12,866,607$91,023,206
85$153,422,995$23,854,262$13,209,822$99,670,051
86$168,981,558$24,932,538$13,561,768$109,173,909
87$186,124,241$26,060,796$13,922,651$119,621,157
88$205,012,534$27,241,396$14,292,681$131,106,941
89$225,824,398$28,476,809$14,672,071$143,736,064
90$248,755,940$29,769,626$15,061,039$157,623,967
91$274,023,269$31,122,561$15,459,806$172,897,816
92$301,864,533$32,538,458$15,868,601$189,697,696
93$332,542,170$34,020,296$16,287,653$208,177,921
94$366,345,380$35,571,200$16,717,199$228,508,486
95$403,592,861$37,194,441$17,157,477$250,876,667
96$444,635,813$38,893,448$17,608,732$275,488,774
97$489,861,255$40,671,816$18,071,214$302,572,096
98$539,695,678$42,533,311$18,545,176$332,377,032
99$594,609,073$44,481,879$19,030,875$365,179,449
100$655,119,365$46,521,657$19,528,575$401,283,278