Can I retire at age 50 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$602,827$597,458$592,219$587,105$582,112$568,040
2 years$298,429$292,871$287,485$282,262$277,196$263,103
3 years$196,977$191,395$186,022$180,848$175,865$162,191
4 years$146,260$140,695$135,376$130,291$125,428$112,280
5 years$115,838$110,307$105,057$100,076$95,349$82,762
6 years$95,564$90,074$84,902$80,031$75,446$63,434
7 years$81,087$75,644$70,554$65,798$61,358$49,921
8 years$70,235$64,841$59,835$55,197$50,902$40,037
9 years$61,799$56,456$51,536$47,015$42,867$32,564
10 years$55,054$49,763$44,930$40,528$36,525$26,772
11 years$49,539$44,301$39,556$35,271$31,413$22,197
12 years$44,947$39,762$35,105$30,938$27,221$18,527
13 years$41,064$35,933$31,364$27,313$23,738$15,548
14 years$37,738$32,662$28,181$24,246$20,808$13,105
15 years$34,859$29,838$25,443$21,623$18,321$11,087
16 years$32,342$27,376$23,068$19,361$16,192$9,407
17 years$30,123$25,212$20,991$17,396$14,357$8,003
18 years$28,153$23,297$19,162$15,677$12,766$6,822
19 years$26,393$21,591$17,542$14,165$11,378$5,826
20 years$24,810$20,064$16,099$12,830$10,163$4,982
21 years$23,381$18,689$14,808$11,644$9,095$4,266
22 years$22,082$17,445$13,648$10,587$8,153$3,657
23 years$20,899$16,316$12,602$9,642$7,318$3,138
24 years$19,816$15,287$11,654$8,794$6,578$2,695
25 years$18,821$14,346$10,794$8,031$5,919$2,316
26 years$17,904$13,483$10,011$7,343$5,332$1,991
27 years$17,056$12,689$9,296$6,721$4,807$1,713
28 years$16,270$11,957$8,642$6,158$4,337$1,474
29 years$15,540$11,280$8,042$5,647$3,916$1,269
30 years$14,860$10,653$7,491$5,183$3,539$1,093
31 years$14,225$10,070$6,984$4,760$3,199$941
32 years$13,630$9,529$6,516$4,374$2,894$811
33 years$13,073$9,024$6,084$4,023$2,619$699
34 years$12,550$8,552$5,684$3,701$2,371$602
35 years$12,058$8,112$5,314$3,407$2,148$519
36 years$11,594$7,699$4,972$3,138$1,946$448
37 years$11,156$7,313$4,653$2,891$1,764$386
38 years$10,743$6,950$4,358$2,665$1,599$333
39 years$10,351$6,608$4,083$2,457$1,450$287
40 years$9,980$6,287$3,827$2,266$1,315$248
41 years$9,628$5,985$3,588$2,091$1,193$213
42 years$9,294$5,700$3,366$1,930$1,083$184
43 years$8,976$5,431$3,158$1,781$983$159
44 years$8,673$5,177$2,965$1,645$892$137
45 years$8,385$4,936$2,784$1,519$810$118
46 years$8,110$4,709$2,615$1,403$735$102
47 years$7,848$4,494$2,456$1,296$668$88
48 years$7,597$4,290$2,308$1,198$606$76
49 years$7,357$4,097$2,170$1,107$551$65
50 years$7,127$3,913$2,040$1,023$500$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,300,000, adding $5,373 every year, while hoping to spend $25,061 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: 41/37/22 Blend
49$7,300,000$7,300,000$7,300,000$7,300,000
50$8,050,142$7,663,242$7,550,092$8,327,841
51$8,844,592$8,012,076$7,776,356$8,875,796
52$9,719,236$8,377,164$8,009,359$9,465,713
53$10,682,227$8,759,273$8,249,301$10,103,734
54$11,742,549$9,159,213$8,496,388$10,794,278
55$12,910,103$9,577,828$8,750,831$11,542,193
56$14,195,796$10,016,004$9,012,846$12,352,803
57$15,611,649$10,474,670$9,282,658$13,231,949
58$17,170,907$10,954,799$9,560,497$14,186,046
59$18,888,166$11,457,410$9,846,600$15,222,138
60$20,779,508$11,983,573$10,141,211$16,347,962
61$22,862,658$12,534,408$10,444,581$17,572,018
62$25,157,143$13,111,088$10,756,969$18,903,644
63$27,684,484$13,714,844$11,078,640$20,353,101
64$30,468,396$14,346,966$11,409,869$21,931,667
65$33,535,009$15,008,804$11,750,937$23,651,737
66$36,913,121$15,701,776$12,102,133$25,526,937
67$40,634,462$16,427,366$12,463,758$27,572,249
68$44,734,001$17,187,131$12,836,117$29,804,146
69$49,250,269$17,982,700$13,219,527$32,240,743
70$54,225,729$18,815,785$13,614,314$34,901,962
71$59,707,172$19,688,177$14,020,812$37,809,716
72$65,746,160$20,601,754$14,439,365$40,988,110
73$72,399,513$21,558,485$14,870,330$44,463,661
74$79,729,847$22,560,435$15,314,069$48,265,544
75$87,806,161$23,609,766$15,770,960$52,425,860
76$96,704,491$24,708,746$16,241,389$56,979,931
77$106,508,627$25,859,752$16,725,753$61,966,628
78$117,310,903$27,065,276$17,224,462$67,428,731
79$129,213,071$28,327,930$17,737,937$73,413,322
80$142,327,259$29,650,453$18,266,613$79,972,225
81$156,777,029$31,035,715$18,810,934$87,162,483
82$172,698,546$32,486,725$19,371,360$95,046,890
83$190,241,860$34,006,637$19,948,363$103,694,576
84$209,572,327$35,598,759$20,542,430$113,181,643
85$230,872,164$37,266,558$21,154,061$123,591,882
86$254,342,173$39,013,668$21,783,771$135,017,547
87$280,203,637$40,843,900$22,432,089$147,560,216
88$308,700,404$42,761,247$23,099,560$161,331,741
89$340,101,195$44,769,898$23,786,746$176,455,288
90$374,702,138$46,874,244$24,494,222$193,066,489
91$412,829,561$49,078,887$25,222,584$211,314,706
92$454,843,077$51,388,654$25,972,442$231,364,434
93$501,138,977$53,808,603$26,744,424$253,396,829
94$552,153,968$56,344,040$27,539,178$277,611,413
95$608,369,301$59,000,527$28,357,369$304,227,933
96$670,315,310$61,783,893$29,199,681$333,488,425
97$738,576,421$64,700,253$30,066,819$365,659,476
98$813,796,667$67,756,016$30,959,509$401,034,728
99$896,685,770$70,957,904$31,878,495$439,937,624
100$988,025,840$74,312,962$32,824,546$482,724,447