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%15.1%
1 years$594,569$589,273$584,106$579,063$574,138$562,086
2 years$294,341$288,859$283,547$278,396$273,399$261,314
3 years$194,278$188,773$183,473$178,371$173,456$161,714
4 years$144,257$138,768$133,522$128,506$123,710$112,403
5 years$114,251$108,796$103,618$98,705$94,042$83,201
6 years$94,255$88,840$83,739$78,935$74,413$64,049
7 years$79,977$74,608$69,587$64,897$60,517$50,634
8 years$69,273$63,953$59,016$54,440$50,205$40,798
9 years$60,953$55,682$50,830$46,371$42,280$33,343
10 years$54,300$49,081$44,315$39,972$36,025$27,549
11 years$48,860$43,694$39,014$34,788$30,982$22,957
12 years$44,331$39,217$34,624$30,514$26,849$19,262
13 years$40,501$35,441$30,934$26,939$23,413$16,251
14 years$37,221$32,215$27,795$23,913$20,523$13,773
15 years$34,381$29,429$25,095$21,327$18,070$11,717
16 years$31,899$27,000$22,752$19,096$15,971$9,999
17 years$29,711$24,866$20,704$17,157$14,161$8,555
18 years$27,768$22,978$18,900$15,462$12,591$7,335
19 years$26,031$21,296$17,302$13,971$11,223$6,302
20 years$24,471$19,789$15,879$12,654$10,024$5,422
21 years$23,060$18,433$14,605$11,484$8,971$4,672
22 years$21,780$17,206$13,461$10,442$8,041$4,030
23 years$20,613$16,092$12,429$9,509$7,218$3,479
24 years$19,544$15,078$11,495$8,673$6,488$3,007
25 years$18,563$14,150$10,646$7,921$5,838$2,600
26 years$17,658$13,298$9,874$7,242$5,259$2,250
27 years$16,822$12,515$9,169$6,629$4,741$1,948
28 years$16,047$11,793$8,524$6,074$4,278$1,687
29 years$15,327$11,125$7,932$5,570$3,863$1,462
30 years$14,656$10,507$7,388$5,112$3,490$1,268
31 years$14,030$9,932$6,888$4,695$3,156$1,099
32 years$13,444$9,398$6,427$4,314$2,854$953
33 years$12,894$8,900$6,000$3,968$2,583$827
34 years$12,378$8,435$5,606$3,650$2,339$718
35 years$11,893$8,001$5,242$3,360$2,118$623
36 years$11,435$7,594$4,903$3,095$1,919$541
37 years$11,004$7,212$4,590$2,852$1,740$469
38 years$10,596$6,854$4,298$2,628$1,577$407
39 years$10,209$6,518$4,027$2,423$1,430$354
40 years$9,844$6,201$3,774$2,235$1,297$307
41 years$9,496$5,903$3,539$2,062$1,177$267
42 years$9,167$5,622$3,320$1,903$1,068$232
43 years$8,853$5,356$3,115$1,757$969$201
44 years$8,555$5,106$2,924$1,622$880$175
45 years$8,270$4,869$2,746$1,498$799$152
46 years$7,999$4,645$2,579$1,384$725$132
47 years$7,740$4,432$2,423$1,279$658$115
48 years$7,493$4,231$2,277$1,181$598$99
49 years$7,256$4,041$2,140$1,092$543$86
50 years$7,030$3,860$2,012$1,009$493$75

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 $3,829 every year, while hoping to spend $50,291 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: 51/39/10 Blend
49$7,200,000$7,200,000$7,200,000$7,200,000
50$7,938,350$7,556,750$7,445,150$8,322,215
51$8,694,552$7,873,521$7,641,053$8,901,337
52$9,526,202$8,204,129$7,841,833$9,524,871
53$10,440,941$8,549,198$8,047,601$10,201,540
54$11,447,190$8,909,382$8,258,469$10,936,354
55$12,554,227$9,285,365$8,474,551$11,734,819
56$13,772,273$9,677,863$8,695,964$12,602,985
57$15,112,591$10,087,625$8,922,825$13,547,501
58$16,587,592$10,515,435$9,155,257$14,575,676
59$18,210,949$10,962,114$9,393,380$15,695,541
60$19,997,728$11,428,519$9,637,321$16,915,930
61$21,964,530$11,915,551$9,887,205$18,246,553
62$24,129,648$12,424,148$10,143,162$19,698,089
63$26,513,237$12,955,296$10,405,322$21,282,283
64$29,137,506$13,510,025$10,673,820$23,012,051
65$32,026,928$14,089,413$10,948,789$24,901,603
66$35,208,469$14,694,588$11,230,368$26,966,572
67$38,711,844$15,326,734$11,518,696$29,224,154
68$42,569,794$15,987,086$11,813,914$31,693,272
69$46,818,399$16,676,939$12,116,167$34,394,750
70$51,497,417$17,397,650$12,425,599$37,351,501
71$56,650,655$18,150,637$12,742,359$40,588,742
72$62,326,390$18,937,386$13,066,596$44,134,229
73$68,577,817$19,759,453$13,398,462$48,018,511
74$75,463,555$20,618,467$13,738,111$52,275,215
75$83,048,198$21,516,133$14,085,698$56,941,360
76$91,402,927$22,454,236$14,441,382$62,057,696
77$100,606,178$23,434,646$14,805,321$67,669,088
78$110,744,385$24,459,321$15,177,676$73,824,932
79$121,912,796$25,530,311$15,558,612$80,579,615
80$134,216,367$26,649,762$15,948,292$87,993,020
81$147,770,760$27,819,924$16,346,882$96,131,087
82$162,703,427$29,043,149$16,754,552$105,066,429
83$179,154,817$30,321,905$17,171,471$114,879,008
84$197,279,702$31,658,772$17,597,809$125,656,882
85$217,248,635$33,056,454$18,033,738$137,497,031
86$239,249,560$34,517,785$18,479,433$150,506,259
87$263,489,590$36,045,731$18,935,068$164,802,199
88$290,196,954$37,643,398$19,400,819$180,514,413
89$319,623,159$39,314,040$19,876,863$197,785,600
90$352,045,360$41,061,067$20,363,376$216,772,940
91$387,768,976$42,888,048$20,860,538$237,649,565
92$427,130,572$44,798,723$21,368,527$260,606,181
93$470,501,040$46,797,010$21,887,522$285,852,856
94$518,289,095$48,887,013$22,417,703$313,620,996
95$570,945,135$51,073,029$22,959,249$344,165,510
96$628,965,494$53,359,562$23,512,338$377,767,209
97$692,897,124$55,751,330$24,077,151$414,735,440
98$763,342,760$58,253,275$24,653,866$455,410,993
99$840,966,611$60,870,575$25,242,659$500,169,304
100$926,500,625$63,608,653$25,843,708$549,423,981