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

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 $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%15.3%
1 years$586,311$581,089$575,993$571,020$566,164$553,827
2 years$290,253$284,847$279,608$274,529$269,602$257,235
3 years$191,580$186,151$180,925$175,893$171,047$159,036
4 years$142,253$136,841$131,667$126,721$121,992$110,429
5 years$112,665$107,285$102,179$97,334$92,736$81,655
6 years$92,945$87,606$82,576$77,839$73,379$62,790
7 years$78,866$73,571$68,621$63,996$59,677$49,583
8 years$68,311$63,064$58,196$53,684$49,508$39,905
9 years$60,106$54,909$50,124$45,727$41,693$32,574
10 years$53,546$48,399$43,699$39,417$35,524$26,880
11 years$48,182$43,087$38,472$34,305$30,552$22,372
12 years$43,715$38,673$34,143$30,090$26,476$18,746
13 years$39,939$34,949$30,505$26,565$23,087$15,795
14 years$36,704$31,768$27,409$23,581$20,238$13,368
15 years$33,904$29,020$24,746$21,030$17,819$11,357
16 years$31,456$26,625$22,436$18,830$15,749$9,678
17 years$29,298$24,521$20,416$16,919$13,964$8,268
18 years$27,382$22,659$18,637$15,247$12,416$7,079
19 years$25,670$21,000$17,061$13,777$11,067$6,073
20 years$24,131$19,514$15,658$12,478$9,885$5,217
21 years$22,740$18,177$14,402$11,325$8,846$4,488
22 years$21,477$16,967$13,274$10,297$7,929$3,865
23 years$20,326$15,869$12,256$9,377$7,118$3,332
24 years$19,273$14,868$11,335$8,553$6,398$2,875
25 years$18,305$13,953$10,498$7,811$5,757$2,482
26 years$17,413$13,114$9,737$7,142$5,186$2,145
27 years$16,589$12,341$9,041$6,537$4,675$1,854
28 years$15,824$11,629$8,405$5,989$4,218$1,603
29 years$15,114$10,971$7,822$5,492$3,809$1,387
30 years$14,453$10,361$7,286$5,041$3,442$1,200
31 years$13,835$9,794$6,792$4,629$3,112$1,039
32 years$13,257$9,268$6,337$4,255$2,815$900
33 years$12,715$8,777$5,917$3,912$2,547$779
34 years$12,206$8,318$5,529$3,600$2,306$675
35 years$11,728$7,890$5,169$3,314$2,089$585
36 years$11,276$7,488$4,835$3,052$1,893$507
37 years$10,851$7,112$4,526$2,812$1,715$439
38 years$10,448$6,759$4,238$2,592$1,555$381
39 years$10,068$6,427$3,971$2,390$1,410$330
40 years$9,707$6,115$3,722$2,204$1,279$286
41 years$9,364$5,821$3,490$2,034$1,161$248
42 years$9,039$5,544$3,274$1,877$1,053$215
43 years$8,730$5,282$3,072$1,733$956$186
44 years$8,436$5,035$2,883$1,600$867$162
45 years$8,155$4,801$2,707$1,477$788$140
46 years$7,888$4,580$2,543$1,365$715$121
47 years$7,633$4,371$2,389$1,261$649$105
48 years$7,389$4,173$2,245$1,165$590$91
49 years$7,155$3,985$2,110$1,077$536$79
50 years$6,932$3,806$1,984$995$486$69

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 $5,959 every year, while hoping to spend $39,786 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: 74/6/20 Blend
49$7,100,000$7,100,000$7,100,000$7,100,000
50$7,830,347$7,454,047$7,343,997$8,372,130
51$8,586,710$7,776,963$7,547,689$9,055,483
52$9,418,889$8,114,369$7,756,871$9,798,696
53$10,334,575$8,466,932$7,971,685$10,612,129
54$11,342,242$8,835,352$8,192,277$11,502,767
55$12,451,227$9,220,361$8,418,795$12,478,300
56$13,671,820$9,622,726$8,651,392$13,547,200
57$15,015,355$10,043,249$8,890,223$14,718,794
58$16,494,326$10,482,773$9,135,450$16,003,353
59$18,122,494$10,942,176$9,387,234$17,412,191
60$19,915,026$11,422,380$9,645,745$18,957,769
61$21,888,634$11,924,352$9,911,153$20,653,811
62$24,061,732$12,449,103$10,183,634$22,515,433
63$26,454,610$12,997,690$10,463,367$24,559,286
64$29,089,627$13,571,224$10,750,536$26,803,711
65$31,991,421$14,170,865$11,045,330$29,268,910
66$35,187,138$14,797,830$11,347,942$31,977,140
67$38,706,696$15,453,393$11,658,567$34,952,917
68$42,583,058$16,138,888$11,977,408$38,223,249
69$46,852,549$16,855,714$12,304,671$41,817,888
70$51,555,199$17,605,333$12,640,567$45,769,614
71$56,735,115$18,389,280$12,985,312$50,114,537
72$62,440,903$19,209,161$13,339,126$54,892,441
73$68,726,124$20,066,659$13,702,235$60,147,156
74$75,649,799$20,963,536$14,074,871$65,926,972
75$83,276,967$21,901,638$14,457,268$72,285,093
76$91,679,300$22,882,901$14,849,669$79,280,136
77$100,935,776$23,909,350$15,252,320$86,976,686
78$111,133,425$24,983,108$15,665,473$95,445,900
79$122,368,154$26,106,400$16,089,385$104,766,182
80$134,745,647$27,281,555$16,524,322$115,023,916
81$148,382,367$28,511,015$16,970,550$126,314,285
82$163,406,652$29,797,338$17,428,346$138,742,164
83$179,959,925$31,143,202$17,897,991$152,423,109
84$198,198,035$32,551,417$18,379,772$167,484,446
85$218,292,722$34,024,924$18,873,981$184,066,473
86$240,433,239$35,566,804$19,380,919$202,323,777
87$264,828,141$37,180,289$19,900,891$222,426,699
88$291,707,250$38,868,762$20,434,209$244,562,931
89$321,323,827$40,635,768$20,981,193$268,939,291
90$353,956,961$42,485,026$21,542,167$295,783,675
91$389,914,206$44,420,427$22,117,465$325,347,197
92$429,534,480$46,446,052$22,707,424$357,906,567
93$473,191,265$48,566,177$23,312,391$393,766,695
94$521,296,137$50,785,282$23,932,719$433,263,566
95$574,302,646$53,108,064$24,568,768$476,767,412
96$632,710,599$55,539,443$25,220,905$524,686,201
97$697,070,780$58,084,575$25,889,505$577,469,490
98$767,990,145$60,748,865$26,574,950$635,612,659
99$846,137,558$63,537,977$27,277,628$699,661,589
100$932,250,098$66,457,847$27,997,938$770,217,810