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

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$652,375$646,564$640,894$635,360$629,957$614,479
2 years$322,958$316,943$311,114$305,462$299,980$284,481
3 years$213,166$207,126$201,311$195,712$190,319$175,285
4 years$158,282$152,259$146,503$141,000$135,737$121,283
5 years$125,359$119,373$113,692$108,301$103,185$89,351
6 years$103,418$97,477$91,880$86,609$81,647$68,447
7 years$87,752$81,861$76,353$71,206$66,401$53,836
8 years$76,008$70,170$64,753$59,733$55,086$43,151
9 years$66,878$61,096$55,772$50,879$46,390$35,076
10 years$59,579$53,853$48,623$43,859$39,527$28,820
11 years$53,611$47,942$42,807$38,170$33,994$23,879
12 years$48,641$43,030$37,990$33,480$29,459$19,918
13 years$44,439$38,887$33,942$29,558$25,689$16,704
14 years$40,840$35,347$30,497$26,238$22,519$14,070
15 years$37,724$32,290$27,535$23,400$19,827$11,895
16 years$35,000$29,626$24,964$20,952$17,523$10,086
17 years$32,599$27,284$22,716$18,825$15,537$8,573
18 years$30,467$25,212$20,737$16,965$13,815$7,303
19 years$28,562$23,366$18,984$15,330$12,314$6,232
20 years$26,850$21,713$17,422$13,884$10,999$5,326
21 years$25,302$20,225$16,025$12,601$9,843$4,557
22 years$23,897$18,879$14,770$11,457$8,823$3,904
23 years$22,617$17,657$13,637$10,434$7,920$3,347
24 years$21,444$16,544$12,612$9,516$7,118$2,872
25 years$20,367$15,525$11,681$8,691$6,405$2,466
26 years$19,375$14,591$10,834$7,947$5,770$2,118
27 years$18,458$13,732$10,060$7,274$5,202$1,821
28 years$17,607$12,940$9,352$6,664$4,694$1,566
29 years$16,817$12,207$8,703$6,111$4,238$1,347
30 years$16,081$11,528$8,107$5,609$3,830$1,159
31 years$15,394$10,898$7,558$5,151$3,462$997
32 years$14,751$10,312$7,051$4,734$3,132$859
33 years$14,148$9,765$6,584$4,353$2,834$739
34 years$13,582$9,255$6,152$4,005$2,566$637
35 years$13,049$8,779$5,751$3,687$2,324$548
36 years$12,547$8,332$5,380$3,396$2,106$472
37 years$12,073$7,914$5,036$3,129$1,909$407
38 years$11,626$7,521$4,716$2,884$1,730$351
39 years$11,202$7,152$4,418$2,659$1,569$302
40 years$10,801$6,804$4,141$2,453$1,423$260
41 years$10,420$6,477$3,883$2,263$1,291$224
42 years$10,058$6,168$3,642$2,088$1,172$193
43 years$9,714$5,877$3,418$1,928$1,063$167
44 years$9,386$5,602$3,208$1,780$965$144
45 years$9,074$5,342$3,013$1,644$876$124
46 years$8,777$5,096$2,829$1,518$796$107
47 years$8,493$4,863$2,658$1,403$722$92
48 years$8,221$4,643$2,498$1,296$656$79
49 years$7,962$4,434$2,348$1,198$596$68
50 years$7,713$4,235$2,207$1,107$541$59

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 $3,539 every year, while hoping to spend $43,676 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: 63/9/28 Blend
49$7,900,000$7,900,000$7,900,000$7,900,000
50$8,709,450$8,290,750$8,168,300$9,192,811
51$9,551,344$8,650,526$8,395,468$9,880,919
52$10,477,646$9,026,467$8,628,781$10,627,137
53$11,496,921$9,419,320$8,868,400$11,441,327
54$12,618,605$9,829,864$9,114,490$12,330,162
55$13,853,094$10,258,919$9,367,216$13,300,984
56$15,211,843$10,707,340$9,626,752$14,361,879
57$16,707,476$11,176,024$9,893,273$15,521,745
58$18,353,900$11,665,911$10,166,959$16,790,378
59$20,166,440$12,177,983$10,447,995$18,178,565
60$22,161,984$12,713,271$10,736,569$19,698,182
61$24,359,138$13,272,852$11,032,876$21,362,304
62$26,778,405$13,857,857$11,337,113$23,185,331
63$29,442,379$14,469,469$11,649,482$25,183,118
64$32,375,954$15,108,925$11,970,192$27,373,126
65$35,606,563$15,777,524$12,299,456$29,774,584
66$39,164,434$16,476,625$12,637,489$32,408,671
67$43,082,878$17,207,651$12,984,516$35,298,710
68$47,398,598$17,972,093$13,340,764$38,470,391
69$52,152,042$18,771,512$13,706,467$41,952,011
70$57,387,778$19,607,544$14,081,862$45,774,735
71$63,154,921$20,481,903$14,467,194$49,972,893
72$69,507,591$21,396,384$14,862,712$54,584,301
73$76,505,425$22,352,867$15,268,673$59,650,615
74$84,214,142$23,353,322$15,685,338$65,217,723
75$92,706,162$24,399,811$16,112,973$71,336,173
76$102,061,285$25,494,497$16,551,853$78,061,654
77$112,367,453$26,639,644$17,002,256$85,455,513
78$123,721,571$27,837,624$17,464,470$93,585,336
79$136,230,427$29,090,924$17,938,786$102,525,580
80$150,011,699$30,402,147$18,425,503$112,358,276
81$165,195,061$31,774,022$18,924,927$123,173,801
82$181,923,415$33,209,406$19,437,369$135,071,723
83$200,354,233$34,711,296$19,963,150$148,161,745
84$220,661,044$36,282,830$20,502,596$162,564,733
85$243,035,077$37,927,295$21,056,039$178,413,856
86$267,687,059$39,648,137$21,623,821$195,855,839
87$294,849,210$41,448,965$22,206,289$215,052,343
88$324,777,428$43,333,564$22,803,799$236,181,489
89$357,753,714$45,305,897$23,416,714$259,439,538
90$394,088,823$47,370,116$24,045,405$285,042,736
91$434,125,208$49,530,576$24,690,250$313,229,354
92$478,240,242$51,791,837$25,351,636$344,261,930
93$526,849,788$54,158,679$26,029,958$378,429,748
94$580,412,124$56,636,112$26,725,619$416,051,560
95$639,432,263$59,229,383$27,439,029$457,478,592
96$704,466,726$61,943,996$28,170,609$503,097,857
97$776,128,794$64,785,713$28,920,786$553,335,799
98$855,094,297$67,760,579$29,689,998$608,662,316
99$942,107,992$70,874,925$30,478,691$669,595,192
100$1,037,990,598$74,135,386$31,287,317$736,704,977