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%13.9%
1 years$602,827$597,458$592,219$587,105$582,112$572,704
2 years$298,429$292,871$287,485$282,262$277,196$267,744
3 years$196,977$191,395$186,022$180,848$175,865$166,662
4 years$146,260$140,695$135,376$130,291$125,428$116,546
5 years$115,838$110,307$105,057$100,076$95,349$86,813
6 years$95,564$90,074$84,902$80,031$75,446$67,266
7 years$81,087$75,644$70,554$65,798$61,358$53,537
8 years$70,235$64,841$59,835$55,197$50,902$43,438
9 years$61,799$56,456$51,536$47,015$42,867$35,756
10 years$55,054$49,763$44,930$40,528$36,525$29,761
11 years$49,539$44,301$39,556$35,271$31,413$24,989
12 years$44,947$39,762$35,105$30,938$27,221$21,130
13 years$41,064$35,933$31,364$27,313$23,738$17,969
14 years$37,738$32,662$28,181$24,246$20,808$15,353
15 years$34,859$29,838$25,443$21,623$18,321$13,170
16 years$32,342$27,376$23,068$19,361$16,192$11,334
17 years$30,123$25,212$20,991$17,396$14,357$9,781
18 years$28,153$23,297$19,162$15,677$12,766$8,460
19 years$26,393$21,591$17,542$14,165$11,378$7,333
20 years$24,810$20,064$16,099$12,830$10,163$6,366
21 years$23,381$18,689$14,808$11,644$9,095$5,535
22 years$22,082$17,445$13,648$10,587$8,153$4,819
23 years$20,899$16,316$12,602$9,642$7,318$4,200
24 years$19,816$15,287$11,654$8,794$6,578$3,664
25 years$18,821$14,346$10,794$8,031$5,919$3,199
26 years$17,904$13,483$10,011$7,343$5,332$2,795
27 years$17,056$12,689$9,296$6,721$4,807$2,443
28 years$16,270$11,957$8,642$6,158$4,337$2,137
29 years$15,540$11,280$8,042$5,647$3,916$1,870
30 years$14,860$10,653$7,491$5,183$3,539$1,637
31 years$14,225$10,070$6,984$4,760$3,199$1,434
32 years$13,630$9,529$6,516$4,374$2,894$1,256
33 years$13,073$9,024$6,084$4,023$2,619$1,101
34 years$12,550$8,552$5,684$3,701$2,371$965
35 years$12,058$8,112$5,314$3,407$2,148$846
36 years$11,594$7,699$4,972$3,138$1,946$742
37 years$11,156$7,313$4,653$2,891$1,764$650
38 years$10,743$6,950$4,358$2,665$1,599$570
39 years$10,351$6,608$4,083$2,457$1,450$500
40 years$9,980$6,287$3,827$2,266$1,315$439
41 years$9,628$5,985$3,588$2,091$1,193$385
42 years$9,294$5,700$3,366$1,930$1,083$338
43 years$8,976$5,431$3,158$1,781$983$297
44 years$8,673$5,177$2,965$1,645$892$260
45 years$8,385$4,936$2,784$1,519$810$228
46 years$8,110$4,709$2,615$1,403$735$200
47 years$7,848$4,494$2,456$1,296$668$176
48 years$7,597$4,290$2,308$1,198$606$154
49 years$7,357$4,097$2,170$1,107$551$136
50 years$7,127$3,913$2,040$1,023$500$119

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 $3,910 every year, while hoping to spend $49,359 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: 72/5/23 Blend
49$7,300,000$7,300,000$7,300,000$7,300,000
50$8,048,633$7,661,733$7,548,583$8,581,964
51$8,817,076$7,984,640$7,748,943$9,260,968
52$9,662,246$8,321,716$7,954,361$9,998,206
53$10,591,917$8,673,602$8,164,954$10,804,502
54$11,614,654$9,040,970$8,380,841$11,686,716
55$12,739,894$9,424,523$8,602,145$12,652,401
56$13,978,037$9,824,998$8,828,990$13,709,876
57$15,340,538$10,243,164$9,061,503$14,868,303
58$16,840,021$10,679,828$9,299,812$16,137,770
59$18,490,397$11,135,833$9,544,048$17,529,389
60$20,306,990$11,612,062$9,794,347$19,055,400
61$22,306,689$12,109,439$10,050,844$20,729,282
62$24,508,102$12,628,931$10,313,678$22,565,884
63$26,931,732$13,171,552$10,582,989$24,581,560
64$29,600,172$13,738,362$10,858,922$26,794,328
65$32,538,317$14,330,469$11,141,624$29,224,032
66$35,773,599$14,949,035$11,431,242$31,892,535
67$39,336,245$15,595,278$11,727,928$34,823,921
68$43,259,564$16,270,468$12,031,836$38,044,720
69$47,580,259$16,975,941$12,343,121$41,584,163
70$52,338,774$17,713,090$12,661,944$45,474,450
71$57,579,675$18,483,378$12,988,466$49,751,057
72$63,352,072$19,288,333$13,322,849$54,453,069
73$69,710,080$20,129,559$13,665,262$59,623,548
74$76,713,332$21,008,731$14,015,872$65,309,937
75$84,427,540$21,927,607$14,374,852$71,564,506
76$92,925,115$22,888,025$14,742,375$78,444,849
77$102,285,851$23,891,912$15,118,618$86,014,420
78$112,597,676$24,941,284$15,503,760$94,343,134
79$123,957,485$26,038,254$15,897,983$103,508,025
80$136,472,053$27,185,032$16,301,469$113,593,973
81$150,259,039$28,383,936$16,714,406$124,694,499
82$165,448,104$29,637,392$17,136,981$136,912,654
83$182,182,127$30,947,940$17,569,386$150,361,982
84$200,618,557$32,318,243$18,011,814$165,167,595
85$220,930,900$33,751,086$18,464,459$181,467,354
86$243,310,352$35,249,390$18,927,519$199,413,161
87$267,967,611$36,816,213$19,401,194$219,172,401
88$295,134,857$38,454,757$19,885,684$240,929,511
89$325,067,951$40,168,379$20,381,193$264,887,725
90$358,048,845$41,960,592$20,887,926$291,270,989
91$394,388,245$43,835,079$21,406,089$320,326,072
92$434,428,543$45,795,695$21,935,890$352,324,896
93$478,547,052$47,846,482$22,477,540$387,567,095
94$527,159,563$49,991,671$23,031,249$426,382,850
95$580,724,273$52,235,697$23,597,230$469,135,993
96$639,746,107$54,583,205$24,175,696$516,227,450
97$704,781,490$57,039,061$24,766,862$568,099,015
98$776,443,591$59,608,365$25,370,941$625,237,521
99$855,408,121$62,296,458$25,988,151$688,179,436
100$942,419,702$65,108,937$26,618,706$757,515,918