Can I retire at age 50 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$801,017$793,882$786,921$780,126$773,492$752,656
2 years$396,543$389,158$382,000$375,061$368,329$347,487
3 years$261,736$254,319$247,180$240,305$233,683$213,486
4 years$194,346$186,951$179,883$173,126$166,665$147,268
5 years$153,922$146,572$139,597$132,978$126,696$108,153
6 years$126,982$119,687$112,815$106,343$100,250$82,579
7 years$107,746$100,513$93,750$87,431$81,530$64,731
8 years$93,326$86,158$79,507$73,343$67,637$51,702
9 years$82,117$75,016$68,480$62,472$56,960$41,874
10 years$73,154$66,123$59,702$53,852$48,533$34,277
11 years$65,826$58,866$52,561$46,867$41,740$28,292
12 years$59,723$52,835$46,646$41,109$36,171$23,507
13 years$54,564$47,747$41,675$36,293$31,542$19,634
14 years$50,145$43,401$37,446$32,217$27,649$16,470
15 years$46,319$39,647$33,808$28,732$24,345$13,865
16 years$42,975$36,376$30,652$25,726$21,516$11,706
17 years$40,027$33,501$27,892$23,115$19,078$9,908
18 years$37,409$30,956$25,462$20,831$16,963$8,402
19 years$35,070$28,690$23,309$18,823$15,119$7,138
20 years$32,967$26,660$21,392$17,047$13,505$6,072
21 years$31,067$24,833$19,677$15,472$12,085$5,172
22 years$29,342$23,180$18,135$14,067$10,833$4,410
23 years$27,770$21,680$16,744$12,811$9,724$3,763
24 years$26,330$20,313$15,486$11,685$8,740$3,213
25 years$25,008$19,063$14,343$10,671$7,865$2,746
26 years$23,790$17,916$13,302$9,757$7,084$2,348
27 years$22,663$16,861$12,352$8,931$6,387$2,008
28 years$21,619$15,888$11,483$8,183$5,763$1,718
29 years$20,649$14,988$10,686$7,504$5,204$1,471
30 years$19,745$14,155$9,954$6,887$4,702$1,259
31 years$18,901$13,381$9,280$6,325$4,251$1,078
32 years$18,111$12,661$8,658$5,813$3,846$924
33 years$17,371$11,990$8,084$5,345$3,480$791
34 years$16,676$11,364$7,553$4,918$3,151$678
35 years$16,022$10,779$7,062$4,527$2,854$581
36 years$15,406$10,231$6,606$4,170$2,586$498
37 years$14,824$9,717$6,183$3,842$2,344$427
38 years$14,275$9,234$5,790$3,541$2,125$366
39 years$13,754$8,781$5,425$3,265$1,927$314
40 years$13,261$8,354$5,085$3,011$1,748$269
41 years$12,794$7,953$4,768$2,778$1,586$231
42 years$12,350$7,574$4,472$2,564$1,439$198
43 years$11,927$7,216$4,197$2,367$1,306$170
44 years$11,525$6,879$3,939$2,186$1,185$145
45 years$11,142$6,559$3,699$2,018$1,076$125
46 years$10,776$6,257$3,474$1,864$977$107
47 years$10,428$5,971$3,264$1,723$887$92
48 years$10,094$5,701$3,067$1,592$806$79
49 years$9,776$5,444$2,883$1,471$732$67
50 years$9,471$5,200$2,710$1,360$665$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $9,700,000, adding $6,997 every year, while hoping to spend $42,048 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: 58/31/11 Blend
49$9,700,000$9,700,000$9,700,000$9,700,000
50$10,696,617$10,182,517$10,032,167$11,288,047
51$11,742,934$10,636,722$10,323,506$12,141,688
52$12,894,565$11,111,773$10,623,196$13,066,427
53$14,162,209$11,608,649$10,931,471$14,073,393
54$15,557,653$12,128,371$11,248,574$15,170,480
55$17,093,886$12,672,014$11,574,754$16,366,368
56$18,785,219$13,240,699$11,910,265$17,670,599
57$20,647,422$13,835,604$12,255,370$19,093,664
58$22,697,873$14,457,963$12,610,338$20,647,101
59$24,955,719$15,109,065$12,975,447$22,343,602
60$27,442,058$15,790,266$13,350,981$24,197,124
61$30,180,142$16,502,983$13,737,232$26,223,022
62$33,195,588$17,248,701$14,134,502$28,438,189
63$36,516,628$18,028,977$14,543,097$30,861,208
64$40,174,369$18,845,441$14,963,336$33,512,530
65$44,203,090$19,699,804$15,395,543$36,414,658
66$48,640,566$20,593,854$15,840,054$39,592,355
67$53,528,419$21,529,469$16,297,212$43,072,876
68$58,912,520$22,508,615$16,767,370$46,886,216
69$64,843,411$23,533,351$17,250,891$51,065,393
70$71,376,789$24,605,836$17,748,147$55,646,752
71$78,574,032$25,728,332$18,259,520$60,670,300
72$86,502,774$26,903,211$18,785,404$66,180,083
73$95,237,544$28,132,955$19,326,202$72,224,590
74$104,860,472$29,420,169$19,882,329$78,857,211
75$115,462,063$30,767,580$20,454,210$86,136,727
76$127,142,050$32,178,048$21,042,282$94,127,864
77$140,010,335$33,654,568$21,646,995$102,901,893
78$154,188,029$35,200,282$22,268,809$112,537,296
79$169,808,592$36,818,480$22,908,198$123,120,499
80$187,019,094$38,512,611$23,565,648$134,746,683
81$205,981,603$40,286,290$24,241,659$147,520,665
82$226,874,715$42,143,307$24,936,743$161,557,889
83$249,895,238$44,087,631$25,651,426$176,985,498
84$275,260,052$46,123,425$26,386,249$193,943,528
85$303,208,156$48,255,051$27,141,767$212,586,218
86$334,002,921$50,487,082$27,918,549$233,083,459
87$367,934,580$52,824,310$28,717,181$255,622,379
88$405,322,963$55,271,757$29,538,263$280,409,104
89$446,520,522$57,834,690$30,382,411$307,670,689
90$491,915,653$60,518,627$31,250,259$337,657,249
91$541,936,363$63,329,353$32,142,456$370,644,304
92$597,054,312$66,272,932$33,059,669$406,935,369
93$657,789,267$69,355,720$34,002,582$446,864,801
94$724,714,002$72,584,380$34,971,899$490,800,944
95$798,459,712$75,965,897$35,968,340$539,149,586
96$879,721,969$79,507,592$36,992,645$592,357,772
97$969,267,286$83,217,141$38,045,575$650,918,012
98$1,067,940,356$87,102,587$39,127,909$715,372,903
99$1,176,672,025$91,172,367$40,240,447$786,320,239
100$1,296,488,080$95,435,321$41,384,010$864,418,632