Can I retire at age 50 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$611,085$605,642$600,331$595,148$590,086$579,595
2 years$302,517$296,883$291,423$286,129$280,994$270,460
3 years$199,675$194,016$188,570$183,325$178,274$168,026
4 years$148,264$142,623$137,231$132,076$127,146$117,262
5 years$117,425$111,818$106,497$101,447$96,655$87,163
6 years$96,873$91,308$86,065$81,128$76,480$67,392
7 years$82,198$76,680$71,520$66,700$62,198$53,516
8 years$71,197$65,729$60,655$55,953$51,600$43,321
9 years$62,646$57,229$52,242$47,659$43,454$35,575
10 years$55,808$50,444$45,546$41,083$37,025$29,538
11 years$50,218$44,908$40,098$35,754$31,843$24,740
12 years$45,562$40,307$35,586$31,361$27,594$20,865
13 years$41,626$36,426$31,794$27,687$24,063$17,697
14 years$38,255$33,110$28,567$24,578$21,093$15,080
15 years$35,336$30,246$25,792$21,919$18,572$12,900
16 years$32,785$27,751$23,384$19,626$16,414$11,071
17 years$30,536$25,557$21,279$17,634$14,554$9,526
18 years$28,539$23,616$19,425$15,892$12,941$8,216
19 years$26,754$21,887$17,782$14,360$11,534$7,100
20 years$25,150$20,339$16,320$13,005$10,303$6,146
21 years$23,701$18,945$15,011$11,803$9,220$5,328
22 years$22,385$17,684$13,835$10,732$8,264$4,624
23 years$21,185$16,540$12,774$9,774$7,418$4,017
24 years$20,087$15,496$11,814$8,914$6,668$3,494
25 years$19,078$14,543$10,942$8,141$6,000$3,041
26 years$18,149$13,668$10,148$7,444$5,405$2,648
27 years$17,289$12,863$9,423$6,813$4,873$2,307
28 years$16,493$12,121$8,760$6,242$4,397$2,012
29 years$15,753$11,434$8,152$5,724$3,970$1,755
30 years$15,063$10,799$7,594$5,254$3,587$1,531
31 years$14,419$10,208$7,079$4,825$3,243$1,337
32 years$13,817$9,659$6,605$4,434$2,934$1,167
33 years$13,252$9,147$6,167$4,078$2,655$1,019
34 years$12,722$8,670$5,762$3,752$2,404$890
35 years$12,223$8,223$5,387$3,454$2,177$778
36 years$11,753$7,805$5,040$3,181$1,973$680
37 years$11,309$7,413$4,717$2,931$1,788$594
38 years$10,890$7,045$4,417$2,701$1,621$519
39 years$10,493$6,699$4,139$2,491$1,470$454
40 years$10,117$6,373$3,879$2,297$1,333$397
41 years$9,760$6,067$3,637$2,120$1,210$347
42 years$9,421$5,778$3,412$1,956$1,098$303
43 years$9,099$5,505$3,202$1,806$996$265
44 years$8,792$5,248$3,005$1,667$904$232
45 years$8,500$5,004$2,822$1,540$821$203
46 years$8,221$4,774$2,650$1,422$745$178
47 years$7,955$4,556$2,490$1,314$677$155
48 years$7,701$4,349$2,340$1,214$615$136
49 years$7,458$4,153$2,199$1,122$558$119
50 years$7,225$3,967$2,068$1,037$507$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,400,000, adding $5,249 every year, while hoping to spend $41,099 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: 42/36/22 Blend
49$7,400,000$7,400,000$7,400,000$7,400,000
50$8,160,214$7,768,014$7,653,314$8,450,153
51$8,948,827$8,104,918$7,865,971$8,994,069
52$9,816,501$8,456,953$8,084,375$9,578,358
53$10,771,257$8,824,816$8,308,674$10,210,272
54$11,821,932$9,209,239$8,539,022$10,894,214
55$12,978,264$9,610,987$8,775,574$11,635,014
56$14,250,983$10,030,861$9,018,492$12,437,979
57$15,651,911$10,469,701$9,267,939$13,308,933
58$17,194,074$10,928,384$9,524,083$14,254,277
59$18,891,826$11,407,832$9,787,096$15,281,041
60$20,760,984$11,909,007$10,057,155$16,396,949
61$22,818,975$12,432,919$10,334,441$17,610,489
62$25,085,002$12,980,624$10,619,136$18,930,991
63$27,580,227$13,553,229$10,911,432$20,368,711
64$30,327,966$14,151,893$11,211,521$21,934,921
65$33,353,913$14,777,830$11,519,601$23,642,017
66$36,686,380$15,432,312$11,835,876$25,503,630
67$40,356,566$16,116,670$12,160,553$27,534,750
68$44,398,848$16,832,299$12,493,843$29,751,864
69$48,851,109$17,580,660$12,835,966$32,173,106
70$53,755,093$18,363,284$13,187,142$34,818,427
71$59,156,801$19,181,773$13,547,599$37,709,773
72$65,106,921$20,037,806$13,917,570$40,871,293
73$71,661,312$20,933,143$14,297,294$44,329,559
74$78,881,525$21,869,627$14,687,012$48,113,812
75$86,835,389$22,849,187$15,086,976$52,256,230
76$95,597,647$23,873,846$15,497,438$56,792,229
77$105,250,665$24,945,722$15,918,660$61,760,791
78$115,885,206$26,067,035$16,350,908$67,204,824
79$127,601,287$27,240,110$16,794,454$73,171,560
80$140,509,126$28,467,383$17,249,575$79,712,996
81$154,730,178$29,751,407$17,716,558$86,886,374
82$170,398,285$31,094,855$18,195,692$94,754,718
83$187,660,937$32,500,529$18,687,274$103,387,418
84$206,680,663$33,971,365$19,191,607$112,860,877
85$227,636,567$35,510,439$19,709,003$123,259,224
86$250,726,020$37,120,973$20,239,778$134,675,099
87$276,166,518$38,806,345$20,784,255$147,210,517
88$304,197,741$40,570,094$21,342,765$160,977,824
89$335,083,808$42,415,926$21,915,645$176,100,742
90$369,115,778$44,347,728$22,503,241$192,715,530
91$406,614,392$46,369,571$23,105,904$210,972,258
92$447,933,102$48,485,722$23,723,993$231,036,211
93$493,461,407$50,700,651$24,357,876$253,089,437
94$543,628,532$53,019,045$25,007,927$277,332,453
95$598,907,477$55,445,813$25,674,527$303,986,124
96$659,819,483$57,986,101$26,358,067$333,293,733
97$726,938,951$60,645,301$27,058,943$365,523,264
98$800,898,869$63,429,065$27,777,562$400,969,915
99$882,396,781$66,343,317$28,514,338$439,958,869
100$972,201,376$69,394,262$29,269,692$482,848,345