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%13.6%
1 years$602,827$597,458$592,219$587,105$582,112$573,413
2 years$298,429$292,871$287,485$282,262$277,196$268,452
3 years$196,977$191,395$186,022$180,848$175,865$167,347
4 years$146,260$140,695$135,376$130,291$125,428$117,203
5 years$115,838$110,307$105,057$100,076$95,349$87,439
6 years$95,564$90,074$84,902$80,031$75,446$67,862
7 years$81,087$75,644$70,554$65,798$61,358$54,101
8 years$70,235$64,841$59,835$55,197$50,902$43,972
9 years$61,799$56,456$51,536$47,015$42,867$36,260
10 years$55,054$49,763$44,930$40,528$36,525$30,236
11 years$49,539$44,301$39,556$35,271$31,413$25,436
12 years$44,947$39,762$35,105$30,938$27,221$21,549
13 years$41,064$35,933$31,364$27,313$23,738$18,362
14 years$37,738$32,662$28,181$24,246$20,808$15,720
15 years$34,859$29,838$25,443$21,623$18,321$13,512
16 years$32,342$27,376$23,068$19,361$16,192$11,653
17 years$30,123$25,212$20,991$17,396$14,357$10,078
18 years$28,153$23,297$19,162$15,677$12,766$8,736
19 years$26,393$21,591$17,542$14,165$11,378$7,588
20 years$24,810$20,064$16,099$12,830$10,163$6,603
21 years$23,381$18,689$14,808$11,644$9,095$5,754
22 years$22,082$17,445$13,648$10,587$8,153$5,021
23 years$20,899$16,316$12,602$9,642$7,318$4,386
24 years$19,816$15,287$11,654$8,794$6,578$3,835
25 years$18,821$14,346$10,794$8,031$5,919$3,356
26 years$17,904$13,483$10,011$7,343$5,332$2,939
27 years$17,056$12,689$9,296$6,721$4,807$2,576
28 years$16,270$11,957$8,642$6,158$4,337$2,258
29 years$15,540$11,280$8,042$5,647$3,916$1,981
30 years$14,860$10,653$7,491$5,183$3,539$1,739
31 years$14,225$10,070$6,984$4,760$3,199$1,527
32 years$13,630$9,529$6,516$4,374$2,894$1,341
33 years$13,073$9,024$6,084$4,023$2,619$1,178
34 years$12,550$8,552$5,684$3,701$2,371$1,035
35 years$12,058$8,112$5,314$3,407$2,148$909
36 years$11,594$7,699$4,972$3,138$1,946$799
37 years$11,156$7,313$4,653$2,891$1,764$703
38 years$10,743$6,950$4,358$2,665$1,599$618
39 years$10,351$6,608$4,083$2,457$1,450$544
40 years$9,980$6,287$3,827$2,266$1,315$478
41 years$9,628$5,985$3,588$2,091$1,193$421
42 years$9,294$5,700$3,366$1,930$1,083$370
43 years$8,976$5,431$3,158$1,781$983$325
44 years$8,673$5,177$2,965$1,645$892$286
45 years$8,385$4,936$2,784$1,519$810$252
46 years$8,110$4,709$2,615$1,403$735$222
47 years$7,848$4,494$2,456$1,296$668$195
48 years$7,597$4,290$2,308$1,198$606$172
49 years$7,357$4,097$2,170$1,107$551$151
50 years$7,127$3,913$2,040$1,023$500$133

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 $3,622 every year, while hoping to spend $45,237 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: 67/13/20 Blend
49$7,300,000$7,300,000$7,300,000$7,300,000
50$8,048,336$7,661,436$7,548,286$8,547,125
51$8,821,135$7,988,715$7,753,022$9,208,886
52$9,671,242$8,330,514$7,963,100$9,926,712
53$10,606,497$8,687,497$8,178,652$10,710,612
54$11,635,535$9,060,359$8,399,812$11,567,084
55$12,767,870$9,449,828$8,626,717$12,503,281
56$14,013,988$9,856,664$8,859,506$13,527,076
57$15,385,438$10,281,665$9,098,324$14,647,139
58$16,894,951$10,725,664$9,343,315$15,873,009
59$18,556,550$11,189,536$9,594,630$17,215,192
60$20,385,689$11,674,194$9,852,422$18,685,255
61$22,399,396$12,180,596$10,116,844$20,295,933
62$24,616,434$12,709,744$10,388,058$22,061,249
63$27,057,477$13,262,688$10,666,224$23,996,644
64$29,745,306$13,840,527$10,951,510$26,119,123
65$32,705,025$14,444,411$11,244,083$28,447,413
66$35,964,295$15,075,544$11,544,117$31,002,138
67$39,553,596$15,735,189$11,851,788$33,806,010
68$43,506,516$16,424,666$12,167,276$36,884,047
69$47,860,064$17,145,359$12,490,764$40,263,801
70$52,655,025$17,898,715$12,822,439$43,975,621
71$57,936,339$18,686,254$13,162,492$48,052,934
72$63,753,528$19,509,562$13,511,117$52,532,562
73$70,161,162$20,370,305$13,868,514$57,455,065
74$77,219,374$21,270,224$14,234,883$62,865,120
75$84,994,431$22,211,146$14,610,432$68,811,947
76$93,559,352$23,194,980$14,995,370$75,349,762
77$102,994,602$24,223,731$15,389,912$82,538,296
78$113,388,852$25,299,495$15,794,275$90,443,347
79$124,839,813$26,424,468$16,208,681$99,137,405
80$137,455,159$27,600,952$16,633,357$108,700,331
81$151,353,544$28,831,357$17,068,532$119,220,109
82$166,665,719$30,118,207$17,514,442$130,793,670
83$183,535,770$31,464,147$17,971,324$143,527,810
84$202,122,477$32,871,948$18,439,421$157,540,190
85$222,600,808$34,344,513$18,918,981$172,960,443
86$245,163,577$35,884,880$19,410,253$189,931,398
87$270,023,260$37,496,237$19,913,494$208,610,422
88$297,413,999$39,181,920$20,428,963$229,170,902
89$327,593,818$40,945,424$20,956,924$251,803,876
90$360,847,051$42,790,414$21,497,644$276,719,838
91$397,487,032$44,720,725$22,051,397$304,150,712
92$437,859,048$46,740,380$22,618,458$334,352,045
93$482,343,603$48,853,591$23,199,109$367,605,411
94$531,360,005$51,064,771$23,793,633$404,221,062
95$585,370,327$53,378,546$24,402,321$444,540,857
96$644,883,766$55,799,761$25,025,465$488,941,478
97$710,461,455$58,333,495$25,663,363$537,837,986
98$782,721,755$60,985,067$26,316,316$591,687,729
99$862,346,091$63,760,052$26,984,630$650,994,658
100$950,085,391$66,664,294$27,668,615$716,314,070