Can I retire at age 50 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$635,859$630,195$624,669$619,275$614,009$610,139
2 years$314,782$308,919$303,237$297,729$292,385$288,482
3 years$207,770$201,882$196,215$190,758$185,501$181,685
4 years$154,274$148,405$142,794$137,430$132,301$128,601
5 years$122,186$116,351$110,814$105,559$100,573$97,001
6 years$100,800$95,009$89,554$84,417$79,580$76,140
7 years$85,531$79,789$74,420$69,404$64,720$61,414
8 years$74,084$68,394$63,114$58,221$53,691$50,519
9 years$65,185$59,549$54,360$49,591$45,216$42,176
10 years$58,071$52,490$47,392$42,748$38,526$35,618
11 years$52,254$46,728$41,723$37,204$33,134$30,355
12 years$47,409$41,941$37,029$32,633$28,713$26,062
13 years$43,314$37,902$33,083$28,810$25,038$22,511
14 years$39,806$34,452$29,725$25,574$21,948$19,543
15 years$36,769$31,473$26,838$22,808$19,325$17,038
16 years$34,114$28,876$24,332$20,422$17,080$14,907
17 years$31,774$26,593$22,141$18,349$15,144$13,083
18 years$29,696$24,573$20,212$16,536$13,465$11,512
19 years$27,839$22,774$18,503$14,942$12,002$10,153
20 years$26,170$21,163$16,981$13,533$10,720$8,972
21 years$24,662$19,713$15,620$12,282$9,594$7,942
22 years$23,292$18,401$14,396$11,167$8,599$7,041
23 years$22,044$17,210$13,292$10,170$7,719$6,250
24 years$20,901$16,125$12,293$9,275$6,938$5,554
25 years$19,852$15,132$11,386$8,471$6,243$4,941
26 years$18,885$14,222$10,560$7,745$5,624$4,399
27 years$17,990$13,384$9,806$7,090$5,070$3,920
28 years$17,162$12,612$9,116$6,496$4,575$3,496
29 years$16,391$11,898$8,483$5,957$4,131$3,119
30 years$15,674$11,236$7,901$5,467$3,733$2,785
31 years$15,004$10,622$7,366$5,021$3,375$2,487
32 years$14,377$10,051$6,873$4,614$3,053$2,223
33 years$13,790$9,518$6,417$4,243$2,763$1,987
34 years$13,238$9,021$5,996$3,904$2,501$1,777
35 years$12,719$8,556$5,606$3,594$2,266$1,589
36 years$12,229$8,121$5,244$3,310$2,053$1,422
37 years$11,768$7,713$4,908$3,050$1,860$1,273
38 years$11,331$7,330$4,596$2,811$1,687$1,139
39 years$10,918$6,970$4,306$2,592$1,529$1,020
40 years$10,527$6,632$4,036$2,391$1,387$914
41 years$10,156$6,313$3,785$2,206$1,259$818
42 years$9,803$6,012$3,550$2,035$1,142$733
43 years$9,468$5,728$3,331$1,879$1,036$657
44 years$9,149$5,460$3,127$1,735$941$588
45 years$8,845$5,207$2,936$1,602$854$527
46 years$8,554$4,967$2,758$1,480$775$472
47 years$8,278$4,740$2,591$1,367$704$423
48 years$8,013$4,525$2,435$1,263$639$380
49 years$7,760$4,321$2,289$1,168$581$340
50 years$7,518$4,128$2,152$1,079$528$305

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,700,000, adding $5,901 every year, while hoping to spend $59,493 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: 86/8/6 Blend
49$7,700,000$7,700,000$7,700,000$7,700,000
50$8,491,487$8,083,387$7,964,037$9,219,190
51$9,294,318$8,416,173$8,167,532$10,027,093
52$10,177,045$8,763,271$8,375,850$10,905,904
53$11,147,753$9,125,321$8,589,090$11,869,662
54$12,215,351$9,502,989$8,807,353$12,926,873
55$13,389,656$9,896,975$9,030,738$14,086,906
56$14,681,483$10,308,008$9,259,350$15,360,078
57$16,102,748$10,736,854$9,493,292$16,757,752
58$17,666,580$11,184,312$9,732,669$18,292,447
59$19,387,445$11,651,218$9,977,587$19,977,948
60$21,281,284$12,138,446$10,228,156$21,829,441
61$23,365,658$12,646,913$10,484,482$23,863,656
62$25,659,919$13,177,576$10,746,676$26,099,020
63$28,185,390$13,731,436$11,014,849$28,555,831
64$30,965,566$14,309,543$11,289,112$31,256,452
65$34,026,336$14,912,993$11,569,580$34,225,518
66$37,396,226$15,542,934$11,856,365$37,490,167
67$41,106,670$16,200,566$12,149,582$41,080,297
68$45,192,304$16,887,148$12,449,347$45,028,848
69$49,691,295$17,603,994$12,755,776$49,372,107
70$54,645,698$18,352,481$13,068,986$54,150,055
71$60,101,856$19,134,049$13,389,093$59,406,741
72$66,110,834$19,950,206$13,716,217$65,190,694
73$72,728,904$20,802,531$14,050,475$71,555,383
74$80,018,072$21,692,674$14,391,985$78,559,721
75$88,046,665$22,622,366$14,740,867$86,268,615
76$96,889,978$23,593,415$15,097,239$94,753,581
77$106,630,980$24,607,716$15,461,220$104,093,419
78$117,361,097$25,667,251$15,832,928$114,374,950
79$129,181,080$26,774,097$16,212,482$125,693,838
80$142,201,949$27,930,427$16,600,000$138,155,491
81$156,546,045$29,138,516$16,995,597$151,876,050
82$172,348,184$30,400,745$17,399,392$166,983,492
83$189,756,925$31,719,608$17,811,498$183,618,827
84$208,935,979$33,097,717$18,232,031$201,937,432
85$230,065,748$34,537,803$18,661,102$222,110,514
86$253,345,029$36,042,731$19,098,824$244,326,727
87$278,992,893$37,615,496$19,545,306$268,793,947
88$307,250,750$39,259,236$20,000,655$295,741,232
89$338,384,626$40,977,238$20,464,977$325,420,984
90$372,687,677$42,772,943$20,938,373$358,111,330
91$410,482,957$44,649,954$21,420,945$394,118,741
92$452,126,461$46,612,043$21,912,789$433,780,926
93$498,010,490$48,663,164$22,413,998$477,470,015
94$548,567,356$50,807,455$22,924,663$525,596,070
95$604,273,455$53,049,249$23,444,868$578,610,952
96$665,653,772$55,393,086$23,974,695$637,012,586
97$733,286,830$57,843,721$24,514,221$701,349,655
98$807,810,156$60,406,133$25,063,516$772,226,779
99$889,926,295$63,085,537$25,622,648$850,310,216
100$980,409,445$65,887,396$26,191,674$936,334,151