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%15.1%
1 years$578,053$572,904$567,881$562,978$558,190$546,473
2 years$286,165$280,836$275,670$270,662$265,805$254,055
3 years$188,882$183,529$178,377$173,416$168,637$157,222
4 years$140,249$134,913$129,813$124,936$120,274$109,280
5 years$111,078$105,774$100,740$95,963$91,430$80,890
6 years$91,636$86,372$81,413$76,743$72,346$62,270
7 years$77,755$72,535$67,655$63,094$58,836$49,227
8 years$67,349$62,176$57,376$52,928$48,810$39,665
9 years$59,259$54,135$49,418$45,083$41,105$32,417
10 years$52,792$47,718$43,084$38,862$35,024$26,784
11 years$47,503$42,480$37,930$33,822$30,122$22,320
12 years$43,099$38,128$33,662$29,666$26,103$18,727
13 years$39,376$34,457$30,075$26,191$22,762$15,800
14 years$36,187$31,320$27,023$23,249$19,953$13,391
15 years$33,426$28,611$24,398$20,734$17,568$11,391
16 years$31,013$26,250$22,120$18,565$15,527$9,721
17 years$28,885$24,176$20,128$16,681$13,767$8,317
18 years$26,996$22,339$18,375$15,033$12,241$7,132
19 years$25,308$20,704$16,821$13,583$10,911$6,127
20 years$23,791$19,239$15,438$12,302$9,746$5,271
21 years$22,420$17,921$14,200$11,165$8,721$4,542
22 years$21,175$16,728$13,087$10,152$7,817$3,918
23 years$20,040$15,645$12,084$9,245$7,017$3,383
24 years$19,001$14,659$11,175$8,432$6,307$2,923
25 years$18,047$13,757$10,351$7,701$5,676$2,528
26 years$17,168$12,929$9,600$7,041$5,112$2,188
27 years$16,355$12,168$8,914$6,445$4,609$1,894
28 years$15,601$11,466$8,287$5,905$4,159$1,641
29 years$14,901$10,816$7,712$5,415$3,756$1,422
30 years$14,249$10,215$7,183$4,970$3,393$1,232
31 years$13,640$9,657$6,697$4,564$3,068$1,069
32 years$13,070$9,137$6,248$4,195$2,775$927
33 years$12,536$8,653$5,834$3,857$2,512$804
34 years$12,034$8,201$5,451$3,549$2,274$698
35 years$11,562$7,779$5,096$3,267$2,060$605
36 years$11,118$7,383$4,767$3,009$1,866$526
37 years$10,698$7,012$4,462$2,772$1,691$456
38 years$10,301$6,664$4,179$2,555$1,533$396
39 years$9,926$6,337$3,915$2,356$1,390$344
40 years$9,570$6,029$3,669$2,173$1,261$299
41 years$9,233$5,739$3,441$2,005$1,144$259
42 years$8,912$5,466$3,228$1,850$1,038$225
43 years$8,607$5,208$3,029$1,708$942$196
44 years$8,317$4,964$2,843$1,577$855$170
45 years$8,041$4,734$2,669$1,457$776$148
46 years$7,777$4,516$2,507$1,345$705$128
47 years$7,525$4,309$2,355$1,243$640$111
48 years$7,285$4,114$2,213$1,149$581$97
49 years$7,055$3,928$2,080$1,062$528$84
50 years$6,834$3,753$1,956$981$480$73

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 $6,910 every year, while hoping to spend $48,094 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: 63/7/30 Blend
49$7,000,000$7,000,000$7,000,000$7,000,000
50$7,721,128$7,350,128$7,241,628$8,144,903
51$8,457,511$7,659,112$7,433,051$8,742,716
52$9,267,394$7,981,625$7,629,274$9,389,631
53$10,158,222$8,318,279$7,830,409$10,095,309
54$11,138,199$8,669,713$8,036,566$10,865,526
55$12,216,365$9,036,599$8,247,861$11,706,644
56$13,402,679$9,419,637$8,464,409$12,625,663
57$14,708,115$9,819,561$8,686,329$13,630,294
58$16,144,763$10,237,141$8,913,742$14,729,025
59$17,725,947$10,673,179$9,146,771$15,931,202
60$19,466,346$11,128,517$9,385,540$17,247,118
61$21,382,135$11,604,036$9,630,177$18,688,106
62$23,491,136$12,100,657$9,880,811$20,266,649
63$25,812,988$12,619,346$10,137,575$21,996,491
64$28,369,331$13,161,111$10,400,601$23,892,772
65$31,184,008$13,727,011$10,670,026$25,972,166
66$34,283,293$14,318,151$10,945,989$28,253,039
67$37,696,139$14,935,691$11,228,630$30,755,620
68$41,454,448$15,580,842$11,518,091$33,502,191
69$45,593,373$16,254,875$11,814,519$36,517,295
70$50,151,652$16,959,118$12,118,060$39,827,970
71$55,171,970$17,694,964$12,428,864$43,463,999
72$60,701,362$18,463,869$12,747,082$47,458,192
73$66,791,661$19,267,358$13,072,870$51,846,694
74$73,499,981$20,107,030$13,406,382$56,669,323
75$80,889,261$20,984,556$13,747,777$61,969,946
76$89,028,853$21,901,687$14,097,215$67,796,892
77$97,995,185$22,860,258$14,454,860$74,203,405
78$107,872,471$23,862,188$14,820,876$81,248,146
79$118,753,517$24,909,490$15,195,429$88,995,744
80$130,740,589$26,004,267$15,578,689$97,517,406
81$143,946,379$27,148,727$15,970,825$106,891,585
82$158,495,073$28,345,177$16,372,011$117,204,722
83$174,523,518$29,596,038$16,782,421$128,552,056
84$192,182,515$30,903,843$17,202,230$141,038,524
85$211,638,245$32,271,244$17,631,618$154,779,747
86$233,073,832$33,701,021$18,070,763$169,903,123
87$256,691,076$35,196,085$18,519,847$186,549,023
88$282,712,356$36,759,483$18,979,053$204,872,117
89$311,382,729$38,394,410$19,448,563$225,042,829
90$342,972,241$40,104,211$19,928,564$247,248,946
91$377,778,481$41,892,388$20,419,242$271,697,387
92$416,129,384$43,762,613$20,920,785$298,616,152
93$458,386,330$45,718,730$21,433,380$328,256,474
94$504,947,555$47,764,767$21,957,218$360,895,187
95$556,251,908$49,904,943$22,492,487$396,837,336
96$612,782,996$52,143,678$23,039,378$436,419,054
97$675,073,746$54,485,604$23,598,083$480,010,730
98$743,711,440$56,935,570$24,168,790$528,020,506
99$819,343,254$59,498,660$24,751,692$580,898,124
100$902,682,371$62,180,199$25,346,978$639,139,168