Can I retire at age 50 with 7,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$619,343$613,826$608,444$603,190$598,061$592,308
2 years$306,605$300,895$295,361$289,995$284,791$278,996
3 years$202,373$196,638$191,118$185,803$180,683$175,025
4 years$150,267$144,550$139,085$133,860$128,865$123,388
5 years$119,012$113,329$107,936$102,818$97,961$92,681
6 years$98,182$92,542$87,228$82,224$77,513$72,437
7 years$83,309$77,716$72,487$67,601$63,039$58,168
8 years$72,160$66,617$61,475$56,709$52,297$47,632
9 years$63,492$58,002$52,948$48,303$44,041$39,581
10 years$56,562$51,126$46,161$41,638$37,526$33,266
11 years$50,896$45,515$40,640$36,237$32,273$28,211
12 years$46,178$40,851$36,067$31,785$27,967$24,099
13 years$42,189$36,918$32,223$28,062$24,388$20,709
14 years$38,772$33,557$28,953$24,910$21,378$17,884
15 years$35,814$30,655$26,140$22,215$18,823$15,509
16 years$33,228$28,126$23,700$19,891$16,636$13,495
17 years$30,948$25,903$21,566$17,872$14,751$11,778
18 years$28,925$23,935$19,687$16,106$13,116$10,306
19 years$27,116$22,183$18,023$14,554$11,690$9,037
20 years$25,490$20,613$16,540$13,181$10,442$7,939
21 years$24,021$19,201$15,214$11,963$9,344$6,986
22 years$22,687$17,923$14,022$10,877$8,376$6,156
23 years$21,471$16,763$12,947$9,906$7,519$5,432
24 years$20,358$15,706$11,974$9,035$6,758$4,798
25 years$19,336$14,739$11,090$8,251$6,081$4,242
26 years$18,394$13,852$10,285$7,544$5,478$3,753
27 years$17,523$13,037$9,551$6,905$4,939$3,323
28 years$16,716$12,284$8,879$6,327$4,456$2,945
29 years$15,966$11,589$8,262$5,802$4,024$2,611
30 years$15,267$10,945$7,696$5,325$3,636$2,316
31 years$14,614$10,346$7,175$4,890$3,287$2,055
32 years$14,004$9,790$6,694$4,494$2,973$1,824
33 years$13,431$9,271$6,251$4,133$2,691$1,620
34 years$12,894$8,787$5,840$3,803$2,436$1,439
35 years$12,388$8,334$5,460$3,500$2,207$1,279
36 years$11,912$7,910$5,108$3,224$1,999$1,136
37 years$11,462$7,513$4,781$2,970$1,812$1,010
38 years$11,037$7,140$4,477$2,738$1,643$898
39 years$10,635$6,789$4,194$2,524$1,490$799
40 years$10,254$6,460$3,931$2,328$1,351$710
41 years$9,892$6,149$3,686$2,148$1,226$632
42 years$9,549$5,856$3,458$1,983$1,112$562
43 years$9,222$5,580$3,245$1,830$1,010$500
44 years$8,911$5,319$3,046$1,690$916$445
45 years$8,615$5,072$2,860$1,561$832$396
46 years$8,332$4,838$2,686$1,442$755$352
47 years$8,063$4,617$2,524$1,332$686$314
48 years$7,805$4,408$2,372$1,231$623$279
49 years$7,558$4,209$2,229$1,137$566$248
50 years$7,323$4,021$2,096$1,051$514$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,500,000, adding $6,821 every year, while hoping to spend $39,702 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: 70/16/14 Blend
49$7,500,000$7,500,000$7,500,000$7,500,000
50$8,272,036$7,874,536$7,758,286$8,824,666
51$9,073,541$8,218,145$7,975,946$9,536,248
52$9,955,469$8,577,261$8,199,567$10,309,309
53$10,925,981$8,952,601$8,429,306$11,154,315
54$11,994,069$9,344,917$8,665,327$12,078,353
55$13,169,642$9,754,996$8,907,793$13,089,223
56$14,463,617$10,183,663$9,156,876$14,195,509
57$15,888,024$10,631,780$9,412,749$15,406,661
58$17,456,118$11,100,252$9,675,591$16,733,082
59$19,182,503$11,590,026$9,945,585$18,186,223
60$21,083,275$12,102,094$10,222,918$19,778,695
61$23,176,166$12,637,493$10,507,783$21,524,377
62$25,480,718$13,197,313$10,800,377$23,438,556
63$28,018,462$13,782,693$11,100,900$25,538,062
64$30,813,126$14,394,825$11,409,561$27,841,428
65$33,890,854$15,034,961$11,726,571$30,369,063
66$37,280,456$15,704,409$12,052,146$33,143,442
67$41,013,679$16,404,541$12,386,509$36,189,317
68$45,125,504$17,136,794$12,729,887$39,533,948
69$49,654,482$17,902,673$13,082,515$43,207,357
70$54,643,090$18,703,755$13,444,629$47,242,612
71$60,138,137$19,541,691$13,816,476$51,676,135
72$66,191,204$20,418,211$14,198,306$56,548,041
73$72,859,133$21,335,129$14,590,375$61,902,519
74$80,204,557$22,294,343$14,992,945$67,788,243
75$88,296,499$23,297,843$15,406,286$74,258,828
76$97,211,019$24,347,714$15,830,673$81,373,338
77$107,031,929$25,446,139$16,266,388$89,196,835
78$117,851,593$26,595,406$16,713,718$97,800,991
79$129,771,788$27,797,914$17,172,960$107,264,764
80$142,904,672$29,056,173$17,644,416$117,675,138
81$157,373,839$30,372,816$18,128,394$129,127,940
82$173,315,487$31,750,601$18,625,212$141,728,742
83$190,879,703$33,192,416$19,135,193$155,593,854
84$210,231,879$34,701,291$19,658,669$170,851,415
85$231,554,274$36,280,398$20,195,978$187,642,602
86$255,047,734$37,933,062$20,747,467$206,122,956
87$280,933,587$39,662,766$21,313,491$226,463,845
88$309,455,733$41,473,162$21,894,413$248,854,080
89$340,882,946$43,368,075$22,490,604$273,501,689
90$375,511,411$45,351,514$23,102,443$300,635,877
91$413,667,518$47,427,682$23,730,319$330,509,184
92$455,710,948$49,600,982$24,374,628$363,399,864
93$502,038,062$51,876,027$25,035,775$399,614,503
94$553,085,647$54,257,654$25,714,176$439,490,911
95$609,335,035$56,750,932$26,410,253$483,401,300
96$671,316,653$59,361,172$27,124,441$531,755,796
97$739,615,024$62,093,941$27,857,182$585,006,298
98$814,874,286$64,955,074$28,608,927$643,650,741
99$897,804,277$67,950,687$29,380,140$708,237,786
100$989,187,231$71,087,188$30,171,292$779,371,993