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%14.1%
1 years$801,017$793,882$786,921$780,126$773,492$760,365
2 years$396,543$389,158$382,000$375,061$368,329$355,145
3 years$261,736$254,319$247,180$240,305$233,683$220,851
4 years$194,346$186,951$179,883$173,126$166,665$154,285
5 years$153,922$146,572$139,597$132,978$126,696$114,803
6 years$126,982$119,687$112,815$106,343$100,250$88,858
7 years$107,746$100,513$93,750$87,431$81,530$70,642
8 years$93,326$86,158$79,507$73,343$67,637$57,251
9 years$82,117$75,016$68,480$62,472$56,960$47,070
10 years$73,154$66,123$59,702$53,852$48,533$39,130
11 years$65,826$58,866$52,561$46,867$41,740$32,815
12 years$59,723$52,835$46,646$41,109$36,171$27,711
13 years$54,564$47,747$41,675$36,293$31,542$23,535
14 years$50,145$43,401$37,446$32,217$27,649$20,082
15 years$46,319$39,647$33,808$28,732$24,345$17,202
16 years$42,975$36,376$30,652$25,726$21,516$14,783
17 years$40,027$33,501$27,892$23,115$19,078$12,739
18 years$37,409$30,956$25,462$20,831$16,963$11,003
19 years$35,070$28,690$23,309$18,823$15,119$9,523
20 years$32,967$26,660$21,392$17,047$13,505$8,256
21 years$31,067$24,833$19,677$15,472$12,085$7,167
22 years$29,342$23,180$18,135$14,067$10,833$6,230
23 years$27,770$21,680$16,744$12,811$9,724$5,421
24 years$26,330$20,313$15,486$11,685$8,740$4,722
25 years$25,008$19,063$14,343$10,671$7,865$4,116
26 years$23,790$17,916$13,302$9,757$7,084$3,590
27 years$22,663$16,861$12,352$8,931$6,387$3,134
28 years$21,619$15,888$11,483$8,183$5,763$2,736
29 years$20,649$14,988$10,686$7,504$5,204$2,391
30 years$19,745$14,155$9,954$6,887$4,702$2,090
31 years$18,901$13,381$9,280$6,325$4,251$1,827
32 years$18,111$12,661$8,658$5,813$3,846$1,598
33 years$17,371$11,990$8,084$5,345$3,480$1,398
34 years$16,676$11,364$7,553$4,918$3,151$1,223
35 years$16,022$10,779$7,062$4,527$2,854$1,070
36 years$15,406$10,231$6,606$4,170$2,586$937
37 years$14,824$9,717$6,183$3,842$2,344$820
38 years$14,275$9,234$5,790$3,541$2,125$718
39 years$13,754$8,781$5,425$3,265$1,927$629
40 years$13,261$8,354$5,085$3,011$1,748$551
41 years$12,794$7,953$4,768$2,778$1,586$482
42 years$12,350$7,574$4,472$2,564$1,439$423
43 years$11,927$7,216$4,197$2,367$1,306$370
44 years$11,525$6,879$3,939$2,186$1,185$324
45 years$11,142$6,559$3,699$2,018$1,076$284
46 years$10,776$6,257$3,474$1,864$977$249
47 years$10,428$5,971$3,264$1,723$887$218
48 years$10,094$5,701$3,067$1,592$806$191
49 years$9,776$5,444$2,883$1,471$732$167
50 years$9,471$5,200$2,710$1,360$665$147

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 $4,119 every year, while hoping to spend $31,447 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: 63/14/23 Blend
49$9,700,000$9,700,000$9,700,000$9,700,000
50$10,693,649$10,179,549$10,029,199$11,302,797
51$11,750,942$10,644,887$10,331,718$12,180,055
52$12,915,024$11,131,973$10,643,317$13,133,916
53$14,196,756$11,641,840$10,964,267$14,175,028
54$15,608,103$12,175,568$11,294,848$15,311,922
55$17,162,251$12,734,292$11,635,347$16,553,989
56$18,873,729$13,319,200$11,986,059$17,911,559
57$20,758,547$13,931,539$12,347,290$19,396,004
58$22,834,347$14,572,612$12,719,352$21,019,838
59$25,120,568$15,243,788$13,102,569$22,796,835
60$27,638,634$15,946,501$13,497,272$24,742,157
61$30,412,149$16,682,254$13,903,805$26,872,495
62$33,467,125$17,452,622$14,322,520$29,206,222
63$36,832,226$18,259,255$14,753,778$31,763,569
64$40,539,039$19,103,884$15,197,955$34,566,806
65$44,622,369$19,988,322$15,655,435$37,640,457
66$49,120,571$20,914,471$16,126,613$41,011,523
67$54,075,912$21,884,323$16,611,897$44,709,737
68$59,534,967$22,899,966$17,111,707$48,767,842
69$65,549,059$23,963,590$17,626,475$53,221,893
70$72,174,747$25,077,490$18,156,646$58,111,600
71$79,474,355$26,244,071$18,702,678$63,480,694
72$87,516,564$27,465,855$19,265,042$69,377,340
73$96,377,056$28,745,484$19,844,223$75,854,586
74$106,139,233$30,085,730$20,440,722$82,970,858
75$116,895,001$31,489,497$21,055,053$90,790,514
76$128,745,639$32,959,831$21,687,745$99,384,440
77$141,802,754$34,499,922$22,339,344$108,830,719
78$156,189,333$36,113,116$23,010,410$119,215,362
79$172,040,909$37,802,923$23,701,523$130,633,114
80$189,506,834$39,573,018$24,413,276$143,188,349
81$208,751,692$41,427,257$25,146,282$156,996,041
82$229,956,853$43,369,681$25,901,171$172,182,852
83$253,322,184$45,404,528$26,678,592$188,888,319
84$279,067,936$47,536,239$27,479,214$207,266,163
85$307,436,821$49,769,470$28,303,723$227,485,739
86$338,696,307$52,109,104$29,152,828$249,733,623
87$373,141,140$54,560,260$30,027,258$274,215,372
88$411,096,127$57,128,303$30,927,761$301,157,452
89$452,919,202$59,818,860$31,855,112$330,809,373
90$499,004,806$62,637,830$32,810,103$363,446,034
91$549,787,608$65,591,396$33,793,554$399,370,313
92$605,746,612$68,686,042$34,806,306$438,915,915
93$667,409,676$71,928,568$35,849,227$482,450,514
94$735,358,495$75,326,099$36,923,208$530,379,219
95$810,234,094$78,886,111$38,029,167$583,148,383
96$892,742,878$82,616,437$39,168,051$641,249,811
97$983,663,303$86,525,294$40,340,833$705,225,391
98$1,083,853,222$90,621,295$41,548,513$775,672,201
99$1,194,257,985$94,913,473$42,792,122$853,248,130
100$1,315,919,364$99,411,297$44,072,722$938,678,082