Can I retire at age 50 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$578,053$572,904$567,881$562,978$558,190$536,679
2 years$286,165$280,836$275,670$270,662$265,805$244,389
3 years$188,882$183,529$178,377$173,416$168,637$147,992
4 years$140,249$134,913$129,813$124,936$120,274$100,555
5 years$111,078$105,774$100,740$95,963$91,430$72,688
6 years$91,636$86,372$81,413$76,743$72,346$54,594
7 years$77,755$72,535$67,655$63,094$58,836$42,069
8 years$67,349$62,176$57,376$52,928$48,810$33,011
9 years$59,259$54,135$49,418$45,083$41,105$26,251
10 years$52,792$47,718$43,084$38,862$35,024$21,087
11 years$47,503$42,480$37,930$33,822$30,122$17,070
12 years$43,099$38,128$33,662$29,666$26,103$13,903
13 years$39,376$34,457$30,075$26,191$22,762$11,378
14 years$36,187$31,320$27,023$23,249$19,953$9,348
15 years$33,426$28,611$24,398$20,734$17,568$7,704
16 years$31,013$26,250$22,120$18,565$15,527$6,365
17 years$28,885$24,176$20,128$16,681$13,767$5,269
18 years$26,996$22,339$18,375$15,033$12,241$4,370
19 years$25,308$20,704$16,821$13,583$10,911$3,629
20 years$23,791$19,239$15,438$12,302$9,746$3,017
21 years$22,420$17,921$14,200$11,165$8,721$2,511
22 years$21,175$16,728$13,087$10,152$7,817$2,091
23 years$20,040$15,645$12,084$9,245$7,017$1,743
24 years$19,001$14,659$11,175$8,432$6,307$1,453
25 years$18,047$13,757$10,351$7,701$5,676$1,212
26 years$17,168$12,929$9,600$7,041$5,112$1,012
27 years$16,355$12,168$8,914$6,445$4,609$845
28 years$15,601$11,466$8,287$5,905$4,159$705
29 years$14,901$10,816$7,712$5,415$3,756$589
30 years$14,249$10,215$7,183$4,970$3,393$492
31 years$13,640$9,657$6,697$4,564$3,068$411
32 years$13,070$9,137$6,248$4,195$2,775$344
33 years$12,536$8,653$5,834$3,857$2,512$287
34 years$12,034$8,201$5,451$3,549$2,274$240
35 years$11,562$7,779$5,096$3,267$2,060$201
36 years$11,118$7,383$4,767$3,009$1,866$168
37 years$10,698$7,012$4,462$2,772$1,691$140
38 years$10,301$6,664$4,179$2,555$1,533$117
39 years$9,926$6,337$3,915$2,356$1,390$98
40 years$9,570$6,029$3,669$2,173$1,261$82
41 years$9,233$5,739$3,441$2,005$1,144$68
42 years$8,912$5,466$3,228$1,850$1,038$57
43 years$8,607$5,208$3,029$1,708$942$48
44 years$8,317$4,964$2,843$1,577$855$40
45 years$8,041$4,734$2,669$1,457$776$33
46 years$7,777$4,516$2,507$1,345$705$28
47 years$7,525$4,309$2,355$1,243$640$23
48 years$7,285$4,114$2,213$1,149$581$20
49 years$7,055$3,928$2,080$1,062$528$16
50 years$6,834$3,753$1,956$981$480$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,000,000, adding $2,134 every year, while hoping to spend $25,225 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: 55/30/15 Blend
49$7,000,000$7,000,000$7,000,000$7,000,000
50$7,716,201$7,345,201$7,236,701$8,110,027
51$8,476,415$7,678,277$7,452,292$8,711,235
52$9,313,324$8,026,828$7,674,259$9,362,650
53$10,234,727$8,391,586$7,902,790$10,071,395
54$11,249,212$8,773,317$8,138,077$10,842,949
55$12,366,248$9,172,826$8,380,318$11,683,334
56$13,596,264$9,590,953$8,629,718$12,599,167
57$14,950,755$10,028,581$8,886,485$13,597,725
58$16,442,385$10,486,635$9,150,835$14,687,010
59$18,085,111$10,966,083$9,422,991$15,875,819
60$19,894,311$11,467,940$9,703,180$17,173,829
61$21,886,933$11,993,270$9,991,639$18,591,681
62$24,081,648$12,543,190$10,288,607$20,141,083
63$26,499,036$13,118,865$10,594,335$21,834,912
64$29,161,771$13,721,523$10,909,078$23,687,338
65$32,094,839$14,352,445$11,233,100$25,713,949
66$35,325,775$15,012,978$11,566,672$27,931,900
67$38,884,921$15,704,530$11,910,072$30,360,068
68$42,805,711$16,428,579$12,263,587$33,019,226
69$47,124,988$17,186,675$12,627,512$35,932,239
70$51,883,355$17,980,440$13,002,152$39,124,273
71$57,125,551$18,811,576$13,387,818$42,623,030
72$62,900,879$19,681,865$13,784,831$46,459,002
73$69,263,669$20,593,176$14,193,523$50,665,760
74$76,273,791$21,547,469$14,614,234$55,280,258
75$83,997,220$22,546,798$15,047,313$60,343,186
76$92,506,659$23,593,313$15,493,121$65,899,341
77$101,882,225$24,689,272$15,952,027$71,998,051
78$112,212,205$25,837,040$16,424,413$78,693,630
79$123,593,890$27,039,095$16,910,671$86,045,886
80$136,134,492$28,298,036$17,411,204$94,120,682
81$149,952,157$29,616,587$17,926,426$102,990,547
82$165,177,080$30,997,603$18,456,765$112,735,357
83$181,952,735$32,444,078$19,002,659$123,443,081
84$200,437,225$33,959,149$19,564,559$135,210,606
85$220,804,781$35,546,106$20,142,931$148,144,637
86$243,247,401$37,208,397$20,738,251$162,362,705
87$267,976,664$38,949,637$21,351,011$177,994,263
88$295,225,730$40,773,616$21,981,716$195,181,899
89$325,251,538$42,684,306$22,630,887$214,082,675
90$358,337,231$44,685,873$23,299,057$234,869,598
91$394,794,830$46,782,683$23,986,778$257,733,244
92$434,968,182$48,979,313$24,694,614$282,883,545
93$479,236,200$51,280,563$25,423,147$310,551,764
94$528,016,446$53,691,464$26,172,976$340,992,659
95$581,769,068$56,217,291$26,944,715$374,486,884
96$641,001,149$58,863,574$27,738,999$411,343,618
97$706,271,489$61,636,112$28,556,478$451,903,477
98$778,195,882$64,540,983$29,397,822$496,541,711
99$857,452,932$67,584,561$30,263,719$545,671,734
100$944,790,454$70,773,528$31,154,877$599,749,010