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%17.1%
1 years$652,375$646,564$640,894$635,360$629,957$611,753
2 years$322,958$316,943$311,114$305,462$299,980$281,784
3 years$213,166$207,126$201,311$195,712$190,319$172,702
4 years$158,282$152,259$146,503$141,000$135,737$118,834
5 years$125,359$119,373$113,692$108,301$103,185$87,042
6 years$103,418$97,477$91,880$86,609$81,647$66,278
7 years$87,752$81,861$76,353$71,206$66,401$51,806
8 years$76,008$70,170$64,753$59,733$55,086$41,257
9 years$66,878$61,096$55,772$50,879$46,390$33,314
10 years$59,579$53,853$48,623$43,859$39,527$27,185
11 years$53,611$47,942$42,807$38,170$33,994$22,366
12 years$48,641$43,030$37,990$33,480$29,459$18,522
13 years$44,439$38,887$33,942$29,558$25,689$15,419
14 years$40,840$35,347$30,497$26,238$22,519$12,890
15 years$37,724$32,290$27,535$23,400$19,827$10,813
16 years$35,000$29,626$24,964$20,952$17,523$9,096
17 years$32,599$27,284$22,716$18,825$15,537$7,671
18 years$30,467$25,212$20,737$16,965$13,815$6,481
19 years$28,562$23,366$18,984$15,330$12,314$5,485
20 years$26,850$21,713$17,422$13,884$10,999$4,649
21 years$25,302$20,225$16,025$12,601$9,843$3,944
22 years$23,897$18,879$14,770$11,457$8,823$3,350
23 years$22,617$17,657$13,637$10,434$7,920$2,847
24 years$21,444$16,544$12,612$9,516$7,118$2,422
25 years$20,367$15,525$11,681$8,691$6,405$2,061
26 years$19,375$14,591$10,834$7,947$5,770$1,755
27 years$18,458$13,732$10,060$7,274$5,202$1,495
28 years$17,607$12,940$9,352$6,664$4,694$1,274
29 years$16,817$12,207$8,703$6,111$4,238$1,086
30 years$16,081$11,528$8,107$5,609$3,830$926
31 years$15,394$10,898$7,558$5,151$3,462$790
32 years$14,751$10,312$7,051$4,734$3,132$674
33 years$14,148$9,765$6,584$4,353$2,834$575
34 years$13,582$9,255$6,152$4,005$2,566$491
35 years$13,049$8,779$5,751$3,687$2,324$419
36 years$12,547$8,332$5,380$3,396$2,106$357
37 years$12,073$7,914$5,036$3,129$1,909$305
38 years$11,626$7,521$4,716$2,884$1,730$260
39 years$11,202$7,152$4,418$2,659$1,569$222
40 years$10,801$6,804$4,141$2,453$1,423$190
41 years$10,420$6,477$3,883$2,263$1,291$162
42 years$10,058$6,168$3,642$2,088$1,172$138
43 years$9,714$5,877$3,418$1,928$1,063$118
44 years$9,386$5,602$3,208$1,780$965$101
45 years$9,074$5,342$3,013$1,644$876$86
46 years$8,777$5,096$2,829$1,518$796$73
47 years$8,493$4,863$2,658$1,403$722$63
48 years$8,221$4,643$2,498$1,296$656$54
49 years$7,962$4,434$2,348$1,198$596$46
50 years$7,713$4,235$2,207$1,107$541$39

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 $5,707 every year, while hoping to spend $36,007 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: 59/19/22 Blend
49$7,900,000$7,900,000$7,900,000$7,900,000
50$8,711,687$8,292,987$8,170,537$9,174,322
51$9,561,968$8,661,032$8,405,939$9,857,433
52$10,497,770$9,045,905$8,648,020$10,597,717
53$11,527,780$9,448,391$8,896,965$11,404,327
54$12,661,567$9,869,315$9,152,967$12,283,693
55$13,909,675$10,309,541$9,416,220$13,242,887
56$15,283,725$10,769,971$9,686,926$14,289,690
57$16,796,518$11,251,552$9,965,291$15,432,662
58$18,462,163$11,755,278$10,251,528$16,681,222
59$20,296,203$12,282,187$10,545,855$18,045,733
60$22,315,770$12,833,368$10,848,494$19,537,601
61$24,539,737$13,409,961$11,159,677$21,169,376
62$26,988,902$14,013,162$11,479,639$22,954,875
63$29,686,186$14,644,222$11,808,622$24,909,303
64$32,656,841$15,304,453$12,146,875$27,049,397
65$35,928,697$15,995,229$12,494,654$29,393,584
66$39,532,419$16,717,991$12,852,220$31,962,149
67$43,501,799$17,474,246$13,219,843$34,777,424
68$47,874,074$18,265,575$13,597,799$37,863,998
69$52,690,277$19,093,635$13,986,372$41,248,944
70$57,995,622$19,960,161$14,385,853$44,962,073
71$63,839,938$20,866,972$14,796,541$49,036,212
72$70,278,130$21,815,971$15,218,744$53,507,510
73$77,370,703$22,809,158$15,652,775$58,415,774
74$85,184,331$23,848,622$16,098,959$63,804,847
75$93,792,486$24,936,558$16,557,628$69,723,010
76$103,276,132$26,075,262$17,029,121$76,223,441
77$113,724,490$27,267,143$17,513,789$83,364,709
78$125,235,878$28,514,722$18,011,991$91,211,321
79$137,918,639$29,820,645$18,524,094$99,834,334
80$151,892,165$31,187,682$19,050,476$109,312,010
81$167,288,025$32,618,738$19,591,526$119,730,561
82$184,251,203$34,116,855$20,147,642$131,184,948
83$202,941,469$35,685,223$20,719,230$143,779,781
84$223,534,885$37,327,186$21,306,712$157,630,295
85$246,225,472$39,046,247$21,910,515$172,863,431
86$271,227,035$40,846,078$22,531,082$189,619,036
87$298,775,184$42,730,527$23,168,865$208,051,169
88$329,129,559$44,703,629$23,824,327$228,329,550
89$362,576,277$46,769,610$24,497,946$250,641,162
90$399,430,640$48,932,903$25,190,209$275,191,998
91$440,040,102$51,198,153$25,901,618$302,209,009
92$484,787,557$53,570,226$26,632,687$331,942,231
93$534,094,948$56,054,228$27,383,942$364,667,141
94$588,427,253$58,655,506$28,155,925$400,687,247
95$648,296,874$61,379,667$28,949,190$440,336,946
96$714,268,473$64,232,588$29,764,305$483,984,672
97$786,964,303$67,220,430$30,601,855$532,036,361
98$867,070,081$70,349,650$31,462,436$584,939,278
99$955,341,464$73,627,018$32,346,663$643,186,223
100$1,052,611,180$77,059,629$33,255,163$707,320,177