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%12.8%
1 years$611,085$605,642$600,331$595,148$590,086$583,196
2 years$302,517$296,883$291,423$286,129$280,994$274,058
3 years$199,675$194,016$188,570$183,325$178,274$171,509
4 years$148,264$142,623$137,231$132,076$127,146$120,604
5 years$117,425$111,818$106,497$101,447$96,655$90,354
6 years$96,873$91,308$86,065$81,128$76,480$70,428
7 years$82,198$76,680$71,520$66,700$62,198$56,398
8 years$71,197$65,729$60,655$55,953$51,600$46,050
9 years$62,646$57,229$52,242$47,659$43,454$38,154
10 years$55,808$50,444$45,546$41,083$37,025$31,970
11 years$50,218$44,908$40,098$35,754$31,843$27,029
12 years$45,562$40,307$35,586$31,361$27,594$23,016
13 years$41,626$36,426$31,794$27,687$24,063$19,715
14 years$38,255$33,110$28,567$24,578$21,093$16,969
15 years$35,336$30,246$25,792$21,919$18,572$14,665
16 years$32,785$27,751$23,384$19,626$16,414$12,717
17 years$30,536$25,557$21,279$17,634$14,554$11,061
18 years$28,539$23,616$19,425$15,892$12,941$9,643
19 years$26,754$21,887$17,782$14,360$11,534$8,425
20 years$25,150$20,339$16,320$13,005$10,303$7,375
21 years$23,701$18,945$15,011$11,803$9,220$6,466
22 years$22,385$17,684$13,835$10,732$8,264$5,676
23 years$21,185$16,540$12,774$9,774$7,418$4,989
24 years$20,087$15,496$11,814$8,914$6,668$4,390
25 years$19,078$14,543$10,942$8,141$6,000$3,866
26 years$18,149$13,668$10,148$7,444$5,405$3,407
27 years$17,289$12,863$9,423$6,813$4,873$3,005
28 years$16,493$12,121$8,760$6,242$4,397$2,652
29 years$15,753$11,434$8,152$5,724$3,970$2,341
30 years$15,063$10,799$7,594$5,254$3,587$2,068
31 years$14,419$10,208$7,079$4,825$3,243$1,828
32 years$13,817$9,659$6,605$4,434$2,934$1,616
33 years$13,252$9,147$6,167$4,078$2,655$1,429
34 years$12,722$8,670$5,762$3,752$2,404$1,264
35 years$12,223$8,223$5,387$3,454$2,177$1,119
36 years$11,753$7,805$5,040$3,181$1,973$990
37 years$11,309$7,413$4,717$2,931$1,788$876
38 years$10,890$7,045$4,417$2,701$1,621$776
39 years$10,493$6,699$4,139$2,491$1,470$687
40 years$10,117$6,373$3,879$2,297$1,333$608
41 years$9,760$6,067$3,637$2,120$1,210$539
42 years$9,421$5,778$3,412$1,956$1,098$477
43 years$9,099$5,505$3,202$1,806$996$423
44 years$8,792$5,248$3,005$1,667$904$375
45 years$8,500$5,004$2,822$1,540$821$332
46 years$8,221$4,774$2,650$1,422$745$294
47 years$7,955$4,556$2,490$1,314$677$261
48 years$7,701$4,349$2,340$1,214$615$231
49 years$7,458$4,153$2,199$1,122$558$205
50 years$7,225$3,967$2,068$1,037$507$181

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 $6,550 every year, while hoping to spend $49,230 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: 34/42/24 Blend
49$7,400,000$7,400,000$7,400,000$7,400,000
50$8,161,556$7,769,356$7,654,656$8,379,228
51$8,941,655$8,097,674$7,858,707$8,870,522
52$9,799,673$8,440,430$8,067,943$9,395,019
53$10,743,508$8,798,279$8,282,487$9,959,639
54$11,781,858$9,171,907$8,502,463$10,567,975
55$12,924,308$9,562,032$8,727,996$11,223,966
56$14,181,421$9,969,404$8,959,218$11,931,931
57$15,564,833$10,394,812$9,196,258$12,696,611
58$17,087,365$10,839,077$9,439,252$13,523,206
59$18,763,145$11,303,061$9,688,336$14,417,422
60$20,607,741$11,787,665$9,943,650$15,385,524
61$22,638,303$12,293,834$10,205,335$16,434,390
62$24,873,734$12,822,555$10,473,537$17,571,572
63$27,334,857$13,374,863$10,748,404$18,805,366
64$30,044,621$13,951,840$11,030,084$20,144,884
65$33,028,312$14,554,620$11,318,731$21,600,139
66$36,313,792$15,184,388$11,614,500$23,182,130
67$39,931,763$15,842,388$11,917,551$24,902,948
68$43,916,058$16,529,920$12,228,044$26,775,882
69$48,303,955$17,248,345$12,546,142$28,815,541
70$53,136,534$17,999,090$12,872,014$31,037,987
71$58,459,062$18,783,646$13,205,828$33,460,879
72$64,321,419$19,603,578$13,547,756$36,103,639
73$70,778,573$20,460,522$13,897,975$38,987,626
74$77,891,091$21,356,192$14,256,661$42,136,334
75$85,725,720$22,292,382$14,623,996$45,575,606
76$94,356,007$23,270,973$15,000,164$49,333,874
77$103,863,001$24,293,932$15,385,350$53,442,418
78$114,336,012$25,363,320$15,779,745$57,935,657
79$125,873,459$26,481,296$16,183,540$62,851,464
80$138,583,793$27,650,121$16,596,930$68,231,519
81$152,586,526$28,872,162$17,020,113$74,121,693
82$168,013,353$30,149,900$17,453,288$80,572,472
83$185,009,402$31,485,932$17,896,660$87,639,427
84$203,734,596$32,882,977$18,350,433$95,383,729
85$224,365,168$34,343,887$18,814,816$103,872,715
86$247,095,322$35,871,645$19,290,020$113,180,518
87$272,139,067$37,469,377$19,776,257$123,388,753
88$299,732,234$39,140,359$20,273,744$134,587,278
89$330,134,707$40,888,021$20,782,699$146,875,032
90$363,632,870$42,715,957$21,303,342$160,360,955
91$400,542,314$44,627,931$21,835,896$175,165,008
92$441,210,818$46,627,886$22,380,586$191,419,289
93$486,021,623$48,719,955$22,937,638$209,269,269
94$535,397,062$50,908,466$23,507,282$228,875,151
95$589,802,533$53,197,952$24,089,747$250,413,366
96$649,750,905$55,593,164$24,685,266$274,078,226
97$715,807,348$58,099,081$25,294,074$300,083,741
98$788,594,677$60,720,915$25,916,405$328,665,623
99$868,799,225$63,464,131$26,552,496$360,083,494
100$957,177,326$66,334,453$27,202,584$394,623,318