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

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 $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%13%
1 years$792,759$785,698$778,808$772,084$765,517$755,952
2 years$392,455$385,146$378,062$371,194$364,532$354,907
3 years$259,038$251,697$244,631$237,828$231,274$221,888
4 years$192,342$185,024$178,029$171,341$164,947$155,873
5 years$152,335$145,061$138,158$131,607$125,390$116,654
6 years$125,673$118,453$111,652$105,247$99,217$90,830
7 years$106,636$99,477$92,783$86,529$80,690$72,655
8 years$92,364$85,270$78,688$72,587$66,940$59,257
9 years$81,270$74,243$67,774$61,828$56,373$49,038
10 years$72,400$65,441$59,087$53,297$48,033$41,040
11 years$65,147$58,259$52,019$46,384$41,310$34,654
12 years$59,108$52,290$46,165$40,685$35,798$29,472
13 years$54,001$47,255$41,246$35,919$31,217$25,211
14 years$49,628$42,953$37,060$31,885$27,364$21,671
15 years$45,842$39,239$33,460$28,435$24,094$18,704
16 years$42,532$36,001$30,336$25,461$21,294$16,197
17 years$39,614$33,155$27,605$22,876$18,881$14,067
18 years$37,024$30,637$25,200$20,616$16,788$12,247
19 years$34,708$28,394$23,069$18,629$14,963$10,685
20 years$32,627$26,385$21,172$16,872$13,366$9,339
21 years$30,747$24,577$19,474$15,312$11,961$8,175
22 years$29,040$22,941$17,948$13,922$10,721$7,166
23 years$27,483$21,457$16,572$12,679$9,624$6,289
24 years$26,059$20,104$15,326$11,564$8,650$5,525
25 years$24,750$18,866$14,195$10,561$7,784$4,858
26 years$23,544$17,731$13,165$9,657$7,011$4,275
27 years$22,430$16,687$12,225$8,839$6,321$3,764
28 years$21,396$15,724$11,365$8,098$5,704$3,316
29 years$20,436$14,834$10,576$7,426$5,150$2,923
30 years$19,541$14,009$9,851$6,816$4,654$2,578
31 years$18,706$13,243$9,184$6,260$4,207$2,275
32 years$17,925$12,531$8,569$5,753$3,806$2,008
33 years$17,192$11,867$8,001$5,290$3,444$1,773
34 years$16,504$11,247$7,475$4,867$3,118$1,565
35 years$15,857$10,668$6,989$4,481$2,825$1,383
36 years$15,247$10,125$6,538$4,127$2,559$1,222
37 years$14,671$9,617$6,119$3,802$2,319$1,080
38 years$14,127$9,139$5,731$3,504$2,103$954
39 years$13,613$8,690$5,369$3,231$1,907$844
40 years$13,125$8,268$5,032$2,980$1,730$746
41 years$12,662$7,871$4,719$2,750$1,569$659
42 years$12,222$7,496$4,426$2,538$1,424$583
43 years$11,804$7,142$4,153$2,343$1,292$516
44 years$11,406$6,808$3,899$2,163$1,173$456
45 years$11,027$6,492$3,661$1,998$1,065$403
46 years$10,665$6,193$3,438$1,845$967$357
47 years$10,320$5,910$3,230$1,705$878$316
48 years$9,990$5,642$3,036$1,575$797$279
49 years$9,675$5,388$2,853$1,456$724$247
50 years$9,373$5,146$2,682$1,346$658$219

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 $4,336 every year, while hoping to spend $56,809 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: 40/41/19 Blend
49$9,600,000$9,600,000$9,600,000$9,600,000
50$10,583,673$10,074,873$9,926,073$10,947,217
51$11,602,763$10,508,097$10,198,152$11,640,551
52$12,723,896$10,960,645$10,477,441$12,384,354
53$13,957,421$11,433,405$10,764,123$13,187,847
54$15,314,740$11,927,303$11,058,383$14,056,492
55$16,808,416$12,443,314$11,360,411$14,996,284
56$18,452,291$12,982,453$11,670,402$16,013,799
57$20,261,618$13,545,786$11,988,554$17,116,257
58$22,253,203$14,134,430$12,315,070$18,311,588
59$24,445,564$14,749,551$12,650,159$19,608,498
60$26,859,106$15,392,373$12,994,034$21,016,547
61$29,516,312$16,064,176$13,346,911$22,546,241
62$32,441,956$16,766,302$13,709,013$24,209,122
63$35,663,339$17,500,153$14,080,568$26,017,869
64$39,210,539$18,267,201$14,461,807$27,986,423
65$43,116,705$19,068,985$14,852,969$30,130,102
66$47,418,361$19,907,116$15,254,294$32,465,748
67$52,155,753$20,783,285$15,666,033$35,011,876
68$57,373,232$21,699,258$16,088,437$37,788,848
69$63,119,668$22,656,888$16,521,767$40,819,052
70$69,448,913$23,658,115$16,966,285$44,127,112
71$76,420,309$24,704,969$17,422,262$47,740,114
72$84,099,247$25,799,579$17,889,974$51,687,851
73$92,557,785$26,944,173$18,369,703$56,003,100
74$101,875,326$28,141,085$18,861,735$60,721,924
75$112,139,372$29,392,760$19,366,365$65,884,001
76$123,446,341$30,701,759$19,883,892$71,532,994
77$135,902,488$32,070,764$20,414,622$77,716,954
78$149,624,897$33,502,587$20,958,867$84,488,762
79$164,742,593$35,000,170$21,516,946$91,906,621
80$181,397,756$36,566,598$22,089,183$100,034,594
81$199,747,066$38,205,100$22,675,909$108,943,200
82$219,963,177$39,919,060$23,277,463$118,710,069
83$242,236,353$41,712,025$23,894,189$129,420,659
84$266,776,255$43,587,709$24,526,439$141,169,058
85$293,813,929$45,550,003$25,174,570$154,058,854
86$323,603,981$47,602,984$25,838,949$168,204,104
87$356,426,980$49,750,923$26,519,947$183,730,392
88$392,592,109$51,998,296$27,217,943$200,776,007
89$432,440,084$54,349,792$27,933,324$219,493,229
90$476,346,365$56,810,325$28,666,483$240,049,751
91$524,724,705$59,385,041$29,417,820$262,630,248
92$578,031,052$62,079,335$30,187,744$287,438,104
93$636,767,856$64,898,859$30,976,670$314,697,310
94$701,488,809$67,849,535$31,785,021$344,654,565
95$772,804,075$70,937,569$32,613,226$377,581,584
96$851,386,045$74,169,465$33,461,723$413,777,638
97$937,975,688$77,552,035$34,330,958$453,572,367
98$1,033,389,546$81,092,422$35,221,382$497,328,862
99$1,138,527,437$84,798,109$36,133,457$545,447,073
100$1,254,380,957$88,676,937$37,067,648$598,367,560