Can I retire at age 50 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$652,375$646,564$640,894$635,360$629,957$614,728
2 years$322,958$316,943$311,114$305,462$299,980$284,728
3 years$213,166$207,126$201,311$195,712$190,319$175,522
4 years$158,282$152,259$146,503$141,000$135,737$121,508
5 years$125,359$119,373$113,692$108,301$103,185$89,564
6 years$103,418$97,477$91,880$86,609$81,647$68,647
7 years$87,752$81,861$76,353$71,206$66,401$54,025
8 years$76,008$70,170$64,753$59,733$55,086$43,328
9 years$66,878$61,096$55,772$50,879$46,390$35,241
10 years$59,579$53,853$48,623$43,859$39,527$28,973
11 years$53,611$47,942$42,807$38,170$33,994$24,021
12 years$48,641$43,030$37,990$33,480$29,459$20,050
13 years$44,439$38,887$33,942$29,558$25,689$16,826
14 years$40,840$35,347$30,497$26,238$22,519$14,183
15 years$37,724$32,290$27,535$23,400$19,827$11,998
16 years$35,000$29,626$24,964$20,952$17,523$10,181
17 years$32,599$27,284$22,716$18,825$15,537$8,660
18 years$30,467$25,212$20,737$16,965$13,815$7,382
19 years$28,562$23,366$18,984$15,330$12,314$6,304
20 years$26,850$21,713$17,422$13,884$10,999$5,392
21 years$25,302$20,225$16,025$12,601$9,843$4,617
22 years$23,897$18,879$14,770$11,457$8,823$3,958
23 years$22,617$17,657$13,637$10,434$7,920$3,396
24 years$21,444$16,544$12,612$9,516$7,118$2,916
25 years$20,367$15,525$11,681$8,691$6,405$2,506
26 years$19,375$14,591$10,834$7,947$5,770$2,155
27 years$18,458$13,732$10,060$7,274$5,202$1,853
28 years$17,607$12,940$9,352$6,664$4,694$1,595
29 years$16,817$12,207$8,703$6,111$4,238$1,373
30 years$16,081$11,528$8,107$5,609$3,830$1,182
31 years$15,394$10,898$7,558$5,151$3,462$1,019
32 years$14,751$10,312$7,051$4,734$3,132$878
33 years$14,148$9,765$6,584$4,353$2,834$756
34 years$13,582$9,255$6,152$4,005$2,566$652
35 years$13,049$8,779$5,751$3,687$2,324$562
36 years$12,547$8,332$5,380$3,396$2,106$484
37 years$12,073$7,914$5,036$3,129$1,909$418
38 years$11,626$7,521$4,716$2,884$1,730$360
39 years$11,202$7,152$4,418$2,659$1,569$311
40 years$10,801$6,804$4,141$2,453$1,423$268
41 years$10,420$6,477$3,883$2,263$1,291$231
42 years$10,058$6,168$3,642$2,088$1,172$199
43 years$9,714$5,877$3,418$1,928$1,063$172
44 years$9,386$5,602$3,208$1,780$965$148
45 years$9,074$5,342$3,013$1,644$876$128
46 years$8,777$5,096$2,829$1,518$796$110
47 years$8,493$4,863$2,658$1,403$722$95
48 years$8,221$4,643$2,498$1,296$656$82
49 years$7,962$4,434$2,348$1,198$596$71
50 years$7,713$4,235$2,207$1,107$541$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,900,000, adding $2,642 every year, while hoping to spend $20,316 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: 36/47/17 Blend
49$7,900,000$7,900,000$7,900,000$7,900,000
50$8,708,525$8,289,825$8,167,375$8,976,767
51$9,575,179$8,674,411$8,419,366$9,556,065
52$10,529,550$9,077,160$8,679,118$10,178,932
53$11,580,565$9,498,941$8,946,869$10,850,930
54$12,738,059$9,940,666$9,222,865$11,576,453
55$14,012,869$10,403,287$9,507,360$12,360,315
56$15,416,940$10,887,806$9,800,615$13,207,795
57$16,963,431$11,395,272$10,102,899$14,124,676
58$18,666,844$11,926,783$10,414,488$15,117,303
59$20,543,159$12,483,492$10,735,670$16,192,634
60$22,609,985$13,066,607$11,066,740$17,358,303
61$24,886,727$13,677,395$11,407,999$18,622,686
62$27,394,769$14,317,183$11,759,763$19,994,975
63$30,157,673$14,987,362$12,122,353$21,485,260
64$33,201,406$15,689,393$12,496,101$23,104,623
65$36,554,580$16,424,804$12,881,351$24,865,227
66$40,248,726$17,195,199$13,278,456$26,780,435
67$44,318,592$18,002,259$13,687,780$28,864,924
68$48,802,465$18,847,747$14,109,698$31,134,819
69$53,742,540$19,733,510$14,544,596$33,607,838
70$59,185,313$20,661,485$14,992,873$36,303,452
71$65,182,021$21,633,704$15,454,941$39,243,063
72$71,789,127$22,652,295$15,931,221$42,450,193
73$79,068,852$23,719,492$16,422,151$45,950,704
74$87,089,761$24,837,634$16,928,180$49,773,032
75$95,927,414$26,009,175$17,449,771$53,948,442
76$105,665,074$27,236,688$17,987,402$58,511,321
77$116,394,497$28,522,871$18,541,565$63,499,485
78$128,216,796$29,870,552$19,112,768$68,954,532
79$141,243,396$31,282,696$19,701,533$74,922,220
80$155,597,087$32,762,413$20,308,399$81,452,891
81$171,413,181$34,312,962$20,933,921$88,601,929
82$188,840,790$35,937,762$21,578,672$96,430,277
83$208,044,234$37,640,395$22,243,240$105,004,995
84$229,204,592$39,424,621$22,928,235$114,399,880
85$252,521,412$41,294,379$23,634,283$124,696,148
86$278,214,593$43,253,801$24,362,029$135,983,190
87$306,526,462$45,307,218$25,112,137$148,359,394
88$337,724,063$47,459,173$25,885,295$161,933,060
89$372,101,674$49,714,429$26,682,209$176,823,409
90$409,983,588$52,077,980$27,503,607$193,161,683
91$451,727,175$54,555,062$28,350,239$211,092,374
92$497,726,254$57,151,167$29,222,879$230,774,558
93$548,414,810$59,872,052$30,122,324$252,383,388
94$604,271,095$62,723,757$31,049,395$276,111,714
95$665,822,136$65,712,610$32,004,940$302,171,891
96$733,648,719$68,845,253$32,989,830$330,797,755
97$808,390,863$72,128,646$34,004,964$362,246,803
98$890,753,871$75,570,089$35,051,270$396,802,607
99$981,514,980$79,177,238$36,129,702$434,777,453
100$1,081,530,705$82,958,120$37,241,245$476,515,270