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%18.3%
1 years$801,017$793,882$786,921$780,126$773,492$747,535
2 years$396,543$389,158$382,000$375,061$368,329$342,435
3 years$261,736$254,319$247,180$240,305$233,683$208,664
4 years$194,346$186,951$179,883$173,126$166,665$142,712
5 years$153,922$146,572$139,597$132,978$126,696$103,873
6 years$126,982$119,687$112,815$106,343$100,250$78,575
7 years$107,746$100,513$93,750$87,431$81,530$61,000
8 years$93,326$86,158$79,507$73,343$67,637$48,237
9 years$82,117$75,016$68,480$62,472$56,960$38,666
10 years$73,154$66,123$59,702$53,852$48,533$31,315
11 years$65,826$58,866$52,561$46,867$41,740$25,566
12 years$59,723$52,835$46,646$41,109$36,171$21,004
13 years$54,564$47,747$41,675$36,293$31,542$17,343
14 years$50,145$43,401$37,446$32,217$27,649$14,378
15 years$46,319$39,647$33,808$28,732$24,345$11,959
16 years$42,975$36,376$30,652$25,726$21,516$9,975
17 years$40,027$33,501$27,892$23,115$19,078$8,338
18 years$37,409$30,956$25,462$20,831$16,963$6,982
19 years$35,070$28,690$23,309$18,823$15,119$5,856
20 years$32,967$26,660$21,392$17,047$13,505$4,917
21 years$31,067$24,833$19,677$15,472$12,085$4,134
22 years$29,342$23,180$18,135$14,067$10,833$3,478
23 years$27,770$21,680$16,744$12,811$9,724$2,928
24 years$26,330$20,313$15,486$11,685$8,740$2,467
25 years$25,008$19,063$14,343$10,671$7,865$2,080
26 years$23,790$17,916$13,302$9,757$7,084$1,754
27 years$22,663$16,861$12,352$8,931$6,387$1,480
28 years$21,619$15,888$11,483$8,183$5,763$1,249
29 years$20,649$14,988$10,686$7,504$5,204$1,054
30 years$19,745$14,155$9,954$6,887$4,702$890
31 years$18,901$13,381$9,280$6,325$4,251$752
32 years$18,111$12,661$8,658$5,813$3,846$635
33 years$17,371$11,990$8,084$5,345$3,480$536
34 years$16,676$11,364$7,553$4,918$3,151$453
35 years$16,022$10,779$7,062$4,527$2,854$383
36 years$15,406$10,231$6,606$4,170$2,586$323
37 years$14,824$9,717$6,183$3,842$2,344$273
38 years$14,275$9,234$5,790$3,541$2,125$231
39 years$13,754$8,781$5,425$3,265$1,927$195
40 years$13,261$8,354$5,085$3,011$1,748$165
41 years$12,794$7,953$4,768$2,778$1,586$139
42 years$12,350$7,574$4,472$2,564$1,439$118
43 years$11,927$7,216$4,197$2,367$1,306$100
44 years$11,525$6,879$3,939$2,186$1,185$84
45 years$11,142$6,559$3,699$2,018$1,076$71
46 years$10,776$6,257$3,474$1,864$977$60
47 years$10,428$5,971$3,264$1,723$887$51
48 years$10,094$5,701$3,067$1,592$806$43
49 years$9,776$5,444$2,883$1,471$732$36
50 years$9,471$5,200$2,710$1,360$665$31

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 $5,030 every year, while hoping to spend $27,469 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: 48/40/12 Blend
49$9,700,000$9,700,000$9,700,000$9,700,000
50$10,694,588$10,180,488$10,030,138$11,172,304
51$11,756,210$10,650,106$10,336,921$11,971,455
52$12,925,196$11,141,813$10,653,061$12,835,397
53$14,212,468$11,656,665$10,978,841$13,772,817
54$15,630,064$12,195,765$11,314,556$14,790,581
55$17,191,243$12,760,270$11,660,506$15,896,227
56$18,910,620$13,351,394$12,017,004$17,098,033
57$20,804,299$13,970,408$12,384,369$18,405,090
58$22,890,025$14,618,645$12,762,932$19,827,385
59$25,187,350$15,297,501$13,153,033$21,375,890
60$27,717,823$16,008,442$13,555,023$23,062,660
61$30,505,186$16,753,001$13,969,262$24,900,943
62$33,575,606$17,532,789$14,396,123$26,905,301
63$36,957,913$18,349,491$14,835,988$29,091,741
64$40,683,880$19,204,876$15,289,253$31,477,859
65$44,788,518$20,100,797$15,756,325$34,083,003
66$49,310,407$21,039,196$16,237,623$36,928,448
67$54,292,063$22,022,112$16,733,578$40,037,590
68$59,780,336$23,051,678$17,244,635$43,436,164
69$65,826,853$24,130,133$17,771,254$47,152,474
70$72,488,506$25,259,823$18,313,904$51,217,656
71$79,827,988$26,443,209$18,873,074$55,665,966
72$87,914,385$27,682,868$19,449,265$60,535,091
73$96,823,829$28,981,505$20,042,992$65,866,501
74$106,640,214$30,341,954$20,654,787$71,705,827
75$117,455,993$31,767,186$21,285,198$78,103,289
76$129,373,042$33,260,316$21,934,791$85,114,152
77$142,503,632$34,824,611$22,604,145$92,799,245
78$156,971,479$36,463,494$23,293,861$101,225,521
79$172,912,920$38,180,556$24,004,556$110,466,680
80$190,478,194$39,979,559$24,736,865$120,603,849
81$209,832,863$41,864,451$25,491,443$131,726,342
82$231,159,374$43,839,367$26,268,965$143,932,486
83$254,658,781$45,908,647$27,070,126$157,330,537
84$280,552,644$48,076,838$27,895,643$172,039,689
85$309,085,119$50,348,708$28,746,252$188,191,182
86$340,525,264$52,729,258$29,622,714$205,929,530
87$375,169,577$55,223,728$30,525,811$225,413,866
88$413,344,799$57,837,615$31,456,351$246,819,427
89$455,410,993$60,576,683$32,415,163$270,339,197
90$501,764,946$63,446,973$33,403,104$296,185,699
91$552,843,918$66,454,821$34,421,054$324,592,995
92$609,129,761$69,606,871$35,469,923$355,818,867
93$671,153,476$72,910,088$36,550,645$390,147,230
94$739,500,224$76,371,775$37,664,185$427,890,797
95$814,814,847$79,999,592$38,811,535$469,394,000
96$897,807,957$83,801,568$39,993,718$515,036,220
97$989,262,647$87,786,123$41,211,786$565,235,347
98$1,090,041,882$91,962,088$42,466,825$620,451,695
99$1,201,096,644$96,338,720$43,759,954$681,192,317
100$1,323,474,911$100,925,727$45,092,322$748,015,770