Can I retire at age 50 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$586,311$581,089$575,993$571,020$566,164$554,960
2 years$290,253$284,847$279,608$274,529$269,602$258,361
3 years$191,580$186,151$180,925$175,893$171,047$160,120
4 years$142,253$136,841$131,667$126,721$121,992$111,463
5 years$112,665$107,285$102,179$97,334$92,736$82,636
6 years$92,945$87,606$82,576$77,839$73,379$63,718
7 years$78,866$73,571$68,621$63,996$59,677$50,457
8 years$68,311$63,064$58,196$53,684$49,508$40,727
9 years$60,106$54,909$50,124$45,727$41,693$33,345
10 years$53,546$48,399$43,699$39,417$35,524$27,601
11 years$48,182$43,087$38,472$34,305$30,552$23,044
12 years$43,715$38,673$34,143$30,090$26,476$19,373
13 years$39,939$34,949$30,505$26,565$23,087$16,377
14 years$36,704$31,768$27,409$23,581$20,238$13,908
15 years$33,904$29,020$24,746$21,030$17,819$11,856
16 years$31,456$26,625$22,436$18,830$15,749$10,139
17 years$29,298$24,521$20,416$16,919$13,964$8,694
18 years$27,382$22,659$18,637$15,247$12,416$7,471
19 years$25,670$21,000$17,061$13,777$11,067$6,432
20 years$24,131$19,514$15,658$12,478$9,885$5,547
21 years$22,740$18,177$14,402$11,325$8,846$4,790
22 years$21,477$16,967$13,274$10,297$7,929$4,142
23 years$20,326$15,869$12,256$9,377$7,118$3,584
24 years$19,273$14,868$11,335$8,553$6,398$3,105
25 years$18,305$13,953$10,498$7,811$5,757$2,691
26 years$17,413$13,114$9,737$7,142$5,186$2,335
27 years$16,589$12,341$9,041$6,537$4,675$2,026
28 years$15,824$11,629$8,405$5,989$4,218$1,759
29 years$15,114$10,971$7,822$5,492$3,809$1,528
30 years$14,453$10,361$7,286$5,041$3,442$1,328
31 years$13,835$9,794$6,792$4,629$3,112$1,154
32 years$13,257$9,268$6,337$4,255$2,815$1,004
33 years$12,715$8,777$5,917$3,912$2,547$873
34 years$12,206$8,318$5,529$3,600$2,306$759
35 years$11,728$7,890$5,169$3,314$2,089$661
36 years$11,276$7,488$4,835$3,052$1,893$575
37 years$10,851$7,112$4,526$2,812$1,715$500
38 years$10,448$6,759$4,238$2,592$1,555$436
39 years$10,068$6,427$3,971$2,390$1,410$379
40 years$9,707$6,115$3,722$2,204$1,279$330
41 years$9,364$5,821$3,490$2,034$1,161$287
42 years$9,039$5,544$3,274$1,877$1,053$250
43 years$8,730$5,282$3,072$1,733$956$218
44 years$8,436$5,035$2,883$1,600$867$190
45 years$8,155$4,801$2,707$1,477$788$165
46 years$7,888$4,580$2,543$1,365$715$144
47 years$7,633$4,371$2,389$1,261$649$125
48 years$7,389$4,173$2,245$1,165$590$109
49 years$7,155$3,985$2,110$1,077$536$95
50 years$6,932$3,806$1,984$995$486$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,100,000, adding $4,845 every year, while hoping to spend $24,657 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: 54/35/11 Blend
49$7,100,000$7,100,000$7,100,000$7,100,000
50$7,829,198$7,452,898$7,342,848$8,229,723
51$8,601,541$7,791,855$7,562,598$8,841,130
52$9,451,837$8,146,594$7,788,884$9,503,155
53$10,388,011$8,517,864$8,021,898$10,223,120
54$11,418,795$8,906,446$8,261,838$11,006,531
55$12,553,812$9,313,162$8,508,910$11,859,440
56$13,803,665$9,738,872$8,763,323$12,788,496
57$15,180,038$10,184,476$9,025,294$13,801,007
58$16,695,806$10,650,919$9,295,045$14,905,007
59$18,365,156$11,139,191$9,572,807$16,109,328
60$20,203,720$11,650,330$9,858,814$17,423,680
61$22,228,725$12,185,422$10,153,310$18,858,742
62$24,459,154$12,745,606$10,456,545$20,426,256
63$26,915,924$13,332,078$10,768,775$22,139,138
64$29,622,086$13,946,087$11,090,267$24,011,594
65$32,603,039$14,588,946$11,421,291$26,059,252
66$35,886,774$15,262,029$11,762,129$28,299,304
67$39,504,134$15,966,777$12,113,070$30,750,668
68$43,489,107$16,704,701$12,474,409$33,434,157
69$47,879,148$17,477,383$12,846,453$36,372,674
70$52,715,528$18,286,482$13,229,517$39,591,426
71$58,043,730$19,133,737$13,623,923$43,118,153
72$63,913,871$20,020,971$14,030,006$46,983,387
73$70,381,182$20,950,095$14,448,107$51,220,734
74$77,506,523$21,923,110$14,878,579$55,867,187
75$85,356,963$22,942,117$15,321,786$60,963,470
76$94,006,408$24,009,316$15,778,101$66,554,411
77$103,536,302$25,127,013$16,247,908$72,689,369
78$114,036,394$26,297,626$16,731,602$79,422,684
79$125,605,587$27,523,690$17,229,591$86,814,187
80$138,352,867$28,807,861$17,742,293$94,929,759
81$152,398,339$30,152,926$18,270,139$103,841,941
82$167,874,354$31,561,803$18,813,573$113,630,617
83$184,926,761$33,037,555$19,373,050$124,383,753
84$203,716,284$34,583,388$19,949,041$136,198,226
85$224,420,038$36,202,667$20,542,027$149,180,723
86$247,233,203$37,898,919$21,152,506$163,448,743
87$272,370,864$39,675,841$21,780,990$179,131,694
88$300,070,043$41,537,308$22,428,003$196,372,106
89$330,591,935$43,487,383$23,094,089$215,326,964
90$364,224,373$45,530,326$23,779,802$236,169,182
91$401,284,551$47,670,603$24,485,717$259,089,218
92$442,122,009$49,912,897$25,212,423$284,296,863
93$487,121,941$52,262,116$25,960,526$312,023,210
94$536,708,826$54,723,406$26,730,650$342,522,818
95$591,350,437$57,302,164$27,523,438$376,076,105
96$651,562,258$60,004,046$28,339,549$412,991,977
97$717,912,347$62,834,984$29,179,663$453,610,728
98$791,026,704$65,801,196$30,044,480$498,307,243
99$871,595,176$68,909,202$30,934,717$547,494,509
100$960,377,970$72,165,839$31,851,116$601,627,507