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%13.4%
1 years$586,311$581,089$575,993$571,020$566,164$558,164
2 years$290,253$284,847$279,608$274,529$269,602$261,558
3 years$191,580$186,151$180,925$175,893$171,047$163,208
4 years$142,253$136,841$131,667$126,721$121,992$114,419
5 years$112,665$107,285$102,179$97,334$92,736$85,452
6 years$92,945$87,606$82,576$77,839$73,379$66,391
7 years$78,866$73,571$68,621$63,996$59,677$52,988
8 years$68,311$63,064$58,196$53,684$49,508$43,117
9 years$60,106$54,909$50,124$45,727$41,693$35,597
10 years$53,546$48,399$43,699$39,417$35,524$29,720
11 years$48,182$43,087$38,472$34,305$30,552$25,032
12 years$43,715$38,673$34,143$30,090$26,476$21,235
13 years$39,939$34,949$30,505$26,565$23,087$18,118
14 years$36,704$31,768$27,409$23,581$20,238$15,532
15 years$33,904$29,020$24,746$21,030$17,819$13,369
16 years$31,456$26,625$22,436$18,830$15,749$11,545
17 years$29,298$24,521$20,416$16,919$13,964$9,999
18 years$27,382$22,659$18,637$15,247$12,416$8,680
19 years$25,670$21,000$17,061$13,777$11,067$7,551
20 years$24,131$19,514$15,658$12,478$9,885$6,580
21 years$22,740$18,177$14,402$11,325$8,846$5,743
22 years$21,477$16,967$13,274$10,297$7,929$5,019
23 years$20,326$15,869$12,256$9,377$7,118$4,391
24 years$19,273$14,868$11,335$8,553$6,398$3,845
25 years$18,305$13,953$10,498$7,811$5,757$3,370
26 years$17,413$13,114$9,737$7,142$5,186$2,956
27 years$16,589$12,341$9,041$6,537$4,675$2,595
28 years$15,824$11,629$8,405$5,989$4,218$2,279
29 years$15,114$10,971$7,822$5,492$3,809$2,002
30 years$14,453$10,361$7,286$5,041$3,442$1,760
31 years$13,835$9,794$6,792$4,629$3,112$1,548
32 years$13,257$9,268$6,337$4,255$2,815$1,362
33 years$12,715$8,777$5,917$3,912$2,547$1,198
34 years$12,206$8,318$5,529$3,600$2,306$1,055
35 years$11,728$7,890$5,169$3,314$2,089$928
36 years$11,276$7,488$4,835$3,052$1,893$818
37 years$10,851$7,112$4,526$2,812$1,715$720
38 years$10,448$6,759$4,238$2,592$1,555$634
39 years$10,068$6,427$3,971$2,390$1,410$559
40 years$9,707$6,115$3,722$2,204$1,279$492
41 years$9,364$5,821$3,490$2,034$1,161$434
42 years$9,039$5,544$3,274$1,877$1,053$382
43 years$8,730$5,282$3,072$1,733$956$337
44 years$8,436$5,035$2,883$1,600$867$297
45 years$8,155$4,801$2,707$1,477$788$262
46 years$7,888$4,580$2,543$1,365$715$231
47 years$7,633$4,371$2,389$1,261$649$203
48 years$7,389$4,173$2,245$1,165$590$179
49 years$7,155$3,985$2,110$1,077$536$158
50 years$6,932$3,806$1,984$995$486$139

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 $2,925 every year, while hoping to spend $28,523 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: 31/48/21 Blend
49$7,100,000$7,100,000$7,100,000$7,100,000
50$7,827,217$7,450,917$7,340,867$8,018,657
51$8,595,245$7,785,664$7,556,438$8,498,443
52$9,440,656$8,135,857$7,778,274$9,011,788
53$10,371,312$8,502,224$8,006,556$9,563,798
54$11,395,879$8,885,525$8,241,468$10,157,858
55$12,523,902$9,286,559$8,483,201$10,797,671
56$13,765,901$9,706,162$8,731,949$11,487,296
57$15,133,468$10,145,209$8,987,915$12,231,176
58$16,639,375$10,604,617$9,251,303$13,034,181
59$18,297,696$11,085,349$9,522,327$13,901,651
60$20,123,942$11,588,412$9,801,206$14,839,437
61$22,135,201$12,114,860$10,088,163$15,853,959
62$24,350,304$12,665,802$10,383,429$16,952,257
63$26,790,003$13,242,394$10,687,242$18,142,055
64$29,477,165$13,845,853$10,999,846$19,431,829
65$32,436,987$14,477,451$11,321,492$20,830,882
66$35,697,234$15,138,521$11,652,437$22,349,428
67$39,288,505$15,830,461$11,992,946$23,998,681
68$43,244,515$16,554,736$12,343,292$25,790,955
69$47,602,419$17,312,881$12,703,756$27,739,777
70$52,403,157$18,106,504$13,074,624$29,860,006
71$57,691,848$18,937,292$13,456,192$32,167,968
72$63,518,208$19,807,011$13,848,766$34,681,602
73$69,937,023$20,717,512$14,252,658$37,420,626
74$77,008,666$21,670,736$14,668,188$40,406,711
75$84,799,666$22,668,718$15,095,688$43,663,679
76$93,383,335$23,713,588$15,535,497$47,217,724
77$102,840,462$24,807,582$15,987,963$51,097,646
78$113,260,076$25,953,039$16,453,446$55,335,114
79$124,740,281$27,152,416$16,932,315$59,964,961
80$137,389,189$28,408,284$17,424,947$65,025,496
81$151,325,936$29,723,339$17,931,732$70,558,860
82$166,681,808$31,100,409$18,453,071$76,611,414
83$183,601,477$32,542,454$18,989,374$83,234,163
84$202,244,374$34,052,581$19,541,064$90,483,225
85$222,786,187$35,634,043$20,108,576$98,420,352
86$245,420,520$37,290,254$20,692,355$107,113,499
87$270,360,724$39,024,787$21,292,861$116,637,451
88$297,841,910$40,841,394$21,910,563$127,074,515
89$328,123,165$42,744,002$22,545,947$138,515,287
90$361,490,001$44,736,732$23,199,510$151,059,484
91$398,257,050$46,823,901$23,871,763$164,816,876
92$438,771,033$49,010,036$24,563,231$179,908,304
93$483,414,033$51,299,882$25,274,454$196,466,801
94$532,607,102$53,698,414$26,005,985$214,638,833
95$586,814,237$56,210,846$26,758,396$234,585,659
96$646,546,757$58,842,646$27,532,270$256,484,837
97$712,368,135$61,599,544$28,328,210$280,531,876
98$784,899,311$64,487,549$29,146,832$306,942,062
99$864,824,561$67,512,959$29,988,771$335,952,466
100$952,897,951$70,682,378$30,854,679$367,824,159