Can I retire at age 50 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$792,759$785,698$778,808$772,084$765,517$760,374
2 years$392,455$385,146$378,062$371,194$364,532$359,345
3 years$259,038$251,697$244,631$237,828$231,274$226,204
4 years$192,342$185,024$178,029$171,341$164,947$160,032
5 years$152,335$145,061$138,158$131,607$125,390$120,646
6 years$125,673$118,453$111,652$105,247$99,217$94,649
7 years$106,636$99,477$92,783$86,529$80,690$76,300
8 years$92,364$85,270$78,688$72,587$66,940$62,729
9 years$81,270$74,243$67,774$61,828$56,373$52,340
10 years$72,400$65,441$59,087$53,297$48,033$44,175
11 years$65,147$58,259$52,019$46,384$41,310$37,625
12 years$59,108$52,290$46,165$40,685$35,798$32,282
13 years$54,001$47,255$41,246$35,919$31,217$27,867
14 years$49,628$42,953$37,060$31,885$27,364$24,176
15 years$45,842$39,239$33,460$28,435$24,094$21,063
16 years$42,532$36,001$30,336$25,461$21,294$18,417
17 years$39,614$33,155$27,605$22,876$18,881$16,152
18 years$37,024$30,637$25,200$20,616$16,788$14,203
19 years$34,708$28,394$23,069$18,629$14,963$12,517
20 years$32,627$26,385$21,172$16,872$13,366$11,053
21 years$30,747$24,577$19,474$15,312$11,961$9,777
22 years$29,040$22,941$17,948$13,922$10,721$8,661
23 years$27,483$21,457$16,572$12,679$9,624$7,682
24 years$26,059$20,104$15,326$11,564$8,650$6,822
25 years$24,750$18,866$14,195$10,561$7,784$6,064
26 years$23,544$17,731$13,165$9,657$7,011$5,395
27 years$22,430$16,687$12,225$8,839$6,321$4,804
28 years$21,396$15,724$11,365$8,098$5,704$4,280
29 years$20,436$14,834$10,576$7,426$5,150$3,816
30 years$19,541$14,009$9,851$6,816$4,654$3,404
31 years$18,706$13,243$9,184$6,260$4,207$3,038
32 years$17,925$12,531$8,569$5,753$3,806$2,713
33 years$17,192$11,867$8,001$5,290$3,444$2,423
34 years$16,504$11,247$7,475$4,867$3,118$2,165
35 years$15,857$10,668$6,989$4,481$2,825$1,935
36 years$15,247$10,125$6,538$4,127$2,559$1,730
37 years$14,671$9,617$6,119$3,802$2,319$1,547
38 years$14,127$9,139$5,731$3,504$2,103$1,384
39 years$13,613$8,690$5,369$3,231$1,907$1,238
40 years$13,125$8,268$5,032$2,980$1,730$1,107
41 years$12,662$7,871$4,719$2,750$1,569$991
42 years$12,222$7,496$4,426$2,538$1,424$887
43 years$11,804$7,142$4,153$2,343$1,292$794
44 years$11,406$6,808$3,899$2,163$1,173$711
45 years$11,027$6,492$3,661$1,998$1,065$636
46 years$10,665$6,193$3,438$1,845$967$570
47 years$10,320$5,910$3,230$1,705$878$510
48 years$9,990$5,642$3,036$1,575$797$457
49 years$9,675$5,388$2,853$1,456$724$409
50 years$9,373$5,146$2,682$1,346$658$367

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $9,600,000, adding $5,000 every year, while hoping to spend $21,225 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: 54/27/19 Blend
49$9,600,000$9,600,000$9,600,000$9,600,000
50$10,584,358$10,075,558$9,926,758$11,101,122
51$11,641,379$10,546,677$10,236,721$11,926,507
52$12,805,505$11,040,169$10,556,356$12,821,845
53$14,087,638$11,557,109$10,885,966$13,796,008
54$15,499,792$12,098,622$11,225,860$14,856,526
55$17,055,204$12,665,889$11,576,361$16,011,672
56$18,768,464$13,260,146$11,937,797$17,270,543
57$20,655,645$13,882,691$12,310,511$18,643,141
58$22,734,462$14,534,884$12,694,855$20,140,459
59$25,024,434$15,218,150$13,091,190$21,774,590
60$27,547,072$15,933,985$13,499,890$23,558,830
61$30,326,079$16,683,956$13,921,341$25,507,803
62$33,387,574$17,469,705$14,355,941$27,637,598
63$36,760,341$18,292,955$14,804,100$29,965,911
64$40,476,098$19,155,512$15,266,240$32,512,211
65$44,569,798$20,059,270$15,742,796$35,297,920
66$49,079,957$21,006,213$16,234,220$38,346,608
67$54,049,019$21,998,425$16,740,973$41,684,215
68$59,523,757$23,038,086$17,263,534$45,339,286
69$65,555,714$24,127,485$17,802,395$49,343,236
70$72,201,687$25,269,022$18,358,066$53,730,646
71$79,524,266$26,465,212$18,931,068$58,539,577
72$87,592,426$27,718,692$19,521,944$63,811,927
73$96,482,174$29,032,228$20,131,250$69,593,819
74$106,277,269$30,408,720$20,759,559$75,936,031
75$117,070,012$31,851,209$21,407,466$82,894,467
76$128,962,117$33,362,882$22,075,580$90,530,678
77$142,065,672$34,947,082$22,764,531$98,912,436
78$156,504,196$36,607,315$23,474,969$108,114,365
79$172,413,806$38,347,256$24,207,562$118,218,638
80$189,944,502$40,170,758$24,963,003$129,315,743
81$209,261,579$42,081,864$25,742,002$141,505,331
82$230,547,195$44,084,810$26,545,294$154,897,143
83$254,002,083$46,184,040$27,373,635$169,612,039
84$279,847,450$48,384,213$28,227,807$185,783,128
85$308,327,066$50,690,215$29,108,614$203,557,013
86$339,709,560$53,107,169$30,016,886$223,095,167
87$374,290,962$55,640,447$30,953,478$244,575,440
88$412,397,495$58,295,683$31,919,274$268,193,729
89$454,388,652$61,078,785$32,915,183$294,165,814
90$500,660,597$63,995,947$33,942,144$322,729,382
91$551,649,895$67,053,666$35,001,123$354,146,255
92$607,837,641$70,258,753$36,093,118$388,704,850
93$669,754,001$73,618,352$37,219,158$426,722,881
94$737,983,213$77,139,955$38,380,303$468,550,348
95$813,169,105$80,831,417$39,577,647$514,572,819
96$896,021,173$84,700,976$40,812,318$565,215,057
97$987,321,280$88,757,271$42,085,478$620,945,008
98$1,087,931,035$93,009,362$43,398,326$682,278,199
99$1,198,799,930$97,466,750$44,752,099$749,782,589
100$1,320,974,299$102,139,397$46,148,071$824,083,902