Can I retire at age 50 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$594,569$589,273$584,106$579,063$574,138$553,547
2 years$294,341$288,859$283,547$278,396$273,399$252,877
3 years$194,278$188,773$183,473$178,371$173,456$153,647
4 years$144,257$138,768$133,522$128,506$123,710$104,766
5 years$114,251$108,796$103,618$98,705$94,042$76,013
6 years$94,255$88,840$83,739$78,935$74,413$57,311
7 years$79,977$74,608$69,587$64,897$60,517$44,340
8 years$69,273$63,953$59,016$54,440$50,205$34,938
9 years$60,953$55,682$50,830$46,371$42,280$27,903
10 years$54,300$49,081$44,315$39,972$36,025$22,513
11 years$48,860$43,694$39,014$34,788$30,982$18,309
12 years$44,331$39,217$34,624$30,514$26,849$14,982
13 years$40,501$35,441$30,934$26,939$23,413$12,320
14 years$37,221$32,215$27,795$23,913$20,523$10,171
15 years$34,381$29,429$25,095$21,327$18,070$8,424
16 years$31,899$27,000$22,752$19,096$15,971$6,995
17 years$29,711$24,866$20,704$17,157$14,161$5,822
18 years$27,768$22,978$18,900$15,462$12,591$4,853
19 years$26,031$21,296$17,302$13,971$11,223$4,052
20 years$24,471$19,789$15,879$12,654$10,024$3,387
21 years$23,060$18,433$14,605$11,484$8,971$2,834
22 years$21,780$17,206$13,461$10,442$8,041$2,373
23 years$20,613$16,092$12,429$9,509$7,218$1,989
24 years$19,544$15,078$11,495$8,673$6,488$1,668
25 years$18,563$14,150$10,646$7,921$5,838$1,399
26 years$17,658$13,298$9,874$7,242$5,259$1,174
27 years$16,822$12,515$9,169$6,629$4,741$986
28 years$16,047$11,793$8,524$6,074$4,278$828
29 years$15,327$11,125$7,932$5,570$3,863$695
30 years$14,656$10,507$7,388$5,112$3,490$584
31 years$14,030$9,932$6,888$4,695$3,156$491
32 years$13,444$9,398$6,427$4,314$2,854$413
33 years$12,894$8,900$6,000$3,968$2,583$347
34 years$12,378$8,435$5,606$3,650$2,339$292
35 years$11,893$8,001$5,242$3,360$2,118$245
36 years$11,435$7,594$4,903$3,095$1,919$206
37 years$11,004$7,212$4,590$2,852$1,740$173
38 years$10,596$6,854$4,298$2,628$1,577$146
39 years$10,209$6,518$4,027$2,423$1,430$122
40 years$9,844$6,201$3,774$2,235$1,297$103
41 years$9,496$5,903$3,539$2,062$1,177$87
42 years$9,167$5,622$3,320$1,903$1,068$73
43 years$8,853$5,356$3,115$1,757$969$61
44 years$8,555$5,106$2,924$1,622$880$52
45 years$8,270$4,869$2,746$1,498$799$43
46 years$7,999$4,645$2,579$1,384$725$36
47 years$7,740$4,432$2,423$1,279$658$31
48 years$7,493$4,231$2,277$1,181$598$26
49 years$7,256$4,041$2,140$1,092$543$22
50 years$7,030$3,860$2,012$1,009$493$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,200,000, adding $6,339 every year, while hoping to spend $53,235 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: 54/32/14 Blend
49$7,200,000$7,200,000$7,200,000$7,200,000
50$7,940,939$7,559,339$7,447,739$8,340,133
51$8,694,273$7,873,105$7,640,596$8,926,423
52$9,522,663$8,200,461$7,838,130$9,557,984
53$10,433,708$8,542,017$8,040,442$10,244,194
54$11,435,782$8,898,411$8,247,632$10,990,264
55$12,538,109$9,270,311$8,459,805$11,801,923
56$13,750,853$9,658,413$8,677,065$12,685,469
57$15,085,214$10,063,449$8,899,521$13,647,827
58$16,553,530$10,486,183$9,127,279$14,696,613
59$18,169,398$10,927,414$9,360,451$15,840,201
60$19,947,798$11,387,978$9,599,147$17,087,803
61$21,905,236$11,868,752$9,843,481$18,449,551
62$24,059,900$12,370,650$10,093,568$19,936,594
63$26,431,829$12,894,632$10,349,522$21,561,196
64$29,043,107$13,441,700$10,611,462$23,336,851
65$31,918,065$14,012,905$10,879,507$25,278,407
66$35,083,515$14,609,344$11,153,778$27,402,208
67$38,568,999$15,232,167$11,434,395$29,726,236
68$42,407,072$15,882,578$11,721,482$32,270,286
69$46,633,605$16,561,837$12,015,164$35,056,146
70$51,288,127$17,271,261$12,315,566$38,107,799
71$56,414,193$18,012,230$12,622,815$41,451,645
72$62,059,801$18,786,190$12,937,039$45,116,752
73$68,277,839$19,594,651$13,258,368$49,135,117
74$75,126,586$20,439,197$13,586,931$53,541,973
75$82,670,265$21,321,484$13,922,860$58,376,112
76$90,979,643$22,243,248$14,266,287$63,680,248
77$100,132,703$23,206,304$14,617,344$69,501,416
78$110,215,379$24,212,553$14,976,166$75,891,413
79$121,322,367$25,263,987$15,342,886$82,907,276
80$133,558,015$26,362,689$15,717,639$90,611,821
81$147,037,313$27,510,841$16,100,561$99,074,230
82$161,886,976$28,710,729$16,491,786$108,370,693
83$178,246,637$29,964,745$16,891,452$118,585,128
84$196,270,171$31,275,394$17,299,692$129,809,963
85$216,127,140$32,645,300$17,716,643$142,147,001
86$238,004,398$34,077,210$18,142,441$155,708,379
87$262,107,854$35,574,001$18,577,220$170,617,613
88$288,664,413$37,138,684$19,021,114$187,010,761
89$317,924,120$38,774,417$19,474,259$205,037,700
90$350,162,520$40,484,502$19,936,785$224,863,528
91$385,683,255$42,272,401$20,408,826$246,670,120
92$424,820,936$44,141,738$20,890,511$270,657,831
93$467,944,298$46,096,310$21,381,969$297,047,381
94$515,459,678$48,140,091$21,883,327$326,081,927
95$567,814,857$50,277,247$22,394,711$358,029,350
96$625,503,281$52,512,140$22,916,241$393,184,773
97$689,068,719$54,849,339$23,448,039$431,873,335
98$759,110,402$57,293,630$23,990,222$474,453,248
99$836,288,672$59,850,027$24,542,903$521,319,170
100$921,331,219$62,523,780$25,106,193$572,905,913