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%12.5%
1 years$611,085$605,642$600,331$595,148$590,086$583,924
2 years$302,517$296,883$291,423$286,129$280,994$274,788
3 years$199,675$194,016$188,570$183,325$178,274$172,217
4 years$148,264$142,623$137,231$132,076$127,146$121,286
5 years$117,425$111,818$106,497$101,447$96,655$91,007
6 years$96,873$91,308$86,065$81,128$76,480$71,052
7 years$82,198$76,680$71,520$66,700$62,198$56,993
8 years$71,197$65,729$60,655$55,953$51,600$46,616
9 years$62,646$57,229$52,242$47,659$43,454$38,691
10 years$55,808$50,444$45,546$41,083$37,025$32,479
11 years$50,218$44,908$40,098$35,754$31,843$27,510
12 years$45,562$40,307$35,586$31,361$27,594$23,470
13 years$41,626$36,426$31,794$27,687$24,063$20,143
14 years$38,255$33,110$28,567$24,578$21,093$17,372
15 years$35,336$30,246$25,792$21,919$18,572$15,044
16 years$32,785$27,751$23,384$19,626$16,414$13,073
17 years$30,536$25,557$21,279$17,634$14,554$11,394
18 years$28,539$23,616$19,425$15,892$12,941$9,955
19 years$26,754$21,887$17,782$14,360$11,534$8,717
20 years$25,150$20,339$16,320$13,005$10,303$7,647
21 years$23,701$18,945$15,011$11,803$9,220$6,719
22 years$22,385$17,684$13,835$10,732$8,264$5,912
23 years$21,185$16,540$12,774$9,774$7,418$5,208
24 years$20,087$15,496$11,814$8,914$6,668$4,593
25 years$19,078$14,543$10,942$8,141$6,000$4,054
26 years$18,149$13,668$10,148$7,444$5,405$3,582
27 years$17,289$12,863$9,423$6,813$4,873$3,167
28 years$16,493$12,121$8,760$6,242$4,397$2,801
29 years$15,753$11,434$8,152$5,724$3,970$2,479
30 years$15,063$10,799$7,594$5,254$3,587$2,196
31 years$14,419$10,208$7,079$4,825$3,243$1,945
32 years$13,817$9,659$6,605$4,434$2,934$1,724
33 years$13,252$9,147$6,167$4,078$2,655$1,528
34 years$12,722$8,670$5,762$3,752$2,404$1,355
35 years$12,223$8,223$5,387$3,454$2,177$1,202
36 years$11,753$7,805$5,040$3,181$1,973$1,067
37 years$11,309$7,413$4,717$2,931$1,788$947
38 years$10,890$7,045$4,417$2,701$1,621$840
39 years$10,493$6,699$4,139$2,491$1,470$746
40 years$10,117$6,373$3,879$2,297$1,333$662
41 years$9,760$6,067$3,637$2,120$1,210$588
42 years$9,421$5,778$3,412$1,956$1,098$522
43 years$9,099$5,505$3,202$1,806$996$464
44 years$8,792$5,248$3,005$1,667$904$412
45 years$8,500$5,004$2,822$1,540$821$366
46 years$8,221$4,774$2,650$1,422$745$325
47 years$7,955$4,556$2,490$1,314$677$289
48 years$7,701$4,349$2,340$1,214$615$257
49 years$7,458$4,153$2,199$1,122$558$228
50 years$7,225$3,967$2,068$1,037$507$203

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 $5,691 every year, while hoping to spend $44,649 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: 48/30/22 Blend
49$7,400,000$7,400,000$7,400,000$7,400,000
50$8,160,670$7,768,470$7,653,770$8,501,227
51$8,945,552$8,101,619$7,862,665$9,072,528
52$9,808,996$8,449,596$8,077,062$9,687,617
53$10,758,968$8,813,080$8,297,097$10,354,641
54$11,804,244$9,192,782$8,522,912$11,078,499
55$12,954,496$9,589,448$8,754,648$11,864,574
56$14,220,380$10,003,856$8,992,454$12,718,780
57$15,613,636$10,436,822$9,236,479$13,647,620
58$17,147,202$10,889,202$9,486,876$14,658,239
59$18,835,332$11,361,889$9,743,803$15,758,497
60$20,693,734$11,855,819$10,007,418$16,957,032
61$22,739,715$12,371,974$10,277,886$18,263,344
62$24,992,345$12,911,380$10,555,375$19,687,884
63$27,472,639$13,475,112$10,840,054$21,242,144
64$30,203,751$14,064,296$11,132,099$22,938,765
65$33,211,197$14,680,110$11,431,688$24,791,658
66$36,523,093$15,323,789$11,739,003$26,816,122
67$40,170,419$15,996,625$12,054,230$29,028,996
68$44,187,315$16,699,972$12,377,560$31,448,806
69$48,611,398$17,435,249$12,709,185$34,095,942
70$53,484,123$18,203,938$13,049,305$36,992,844
71$58,851,168$19,007,595$13,398,122$40,164,210
72$64,762,869$19,847,850$13,755,841$43,637,223
73$71,274,694$20,726,406$14,122,673$47,441,810
74$78,447,764$21,645,051$14,498,834$51,610,913
75$86,349,433$22,605,656$14,884,542$56,180,797
76$95,053,922$23,610,180$15,280,022$61,191,392
77$104,643,020$24,660,677$15,685,500$66,686,657
78$115,206,854$25,759,296$16,101,211$72,714,996
79$126,844,742$26,908,291$16,527,390$79,329,708
80$139,666,129$28,110,020$16,964,281$86,589,482
81$153,791,619$29,366,955$17,412,128$94,558,947
82$169,354,114$30,681,686$17,871,185$103,309,275
83$186,500,069$32,056,925$18,341,706$112,918,848
84$205,390,875$33,495,513$18,823,952$123,473,988
85$226,204,379$35,000,428$19,318,189$135,069,766
86$249,136,565$36,574,788$19,824,687$147,810,893
87$274,403,403$38,221,861$20,343,722$161,812,702
88$302,242,888$39,945,070$20,875,575$177,202,222
89$332,917,286$41,748,002$21,420,530$194,119,375
90$366,715,610$43,634,415$21,978,879$212,718,288
91$403,956,347$45,608,246$22,550,916$233,168,733
92$444,990,465$47,673,620$23,136,942$255,657,726
93$490,204,726$49,834,861$23,737,263$280,391,278
94$540,025,337$52,096,498$24,352,190$307,596,332
95$594,921,971$54,463,276$24,982,038$337,522,893
96$655,412,204$56,940,169$25,627,129$370,446,375
97$722,066,400$59,532,388$26,287,788$406,670,193
98$795,513,091$62,245,393$26,964,348$446,528,609
99$876,444,916$65,084,907$27,657,143$490,389,880
100$965,625,156$68,056,927$28,366,516$538,659,715