Can I retire at age 50 with 14,700,000?

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 $14,700,000?

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$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,152,305
2 years$600,947$589,755$578,908$568,391$558,190$538,209
3 years$396,652$385,411$374,592$364,174$354,139$334,692
4 years$294,524$283,318$272,607$262,367$252,575$233,813
5 years$233,263$222,125$211,554$201,523$192,003$173,980
6 years$192,436$181,382$170,967$161,159$151,926$134,661
7 years$163,286$152,324$142,074$132,498$123,556$107,055
8 years$141,433$130,570$120,490$111,149$102,502$86,761
9 years$124,445$113,684$103,778$94,674$86,321$71,333
10 years$110,862$100,207$90,476$81,610$73,550$59,300
11 years$99,757$89,209$79,654$71,025$63,256$49,729
12 years$90,509$80,069$70,691$62,299$54,816$41,996
13 years$82,690$72,359$63,158$55,001$47,801$35,667
14 years$75,993$65,772$56,747$48,823$41,902$30,434
15 years$70,195$60,084$51,235$43,542$36,894$26,069
16 years$65,127$55,126$46,452$38,987$32,607$22,404
17 years$60,659$50,769$42,270$35,029$28,911$19,306
18 years$56,692$46,913$38,587$31,569$25,707$16,675
19 years$53,147$43,478$35,324$28,525$22,913$14,432
20 years$49,961$40,402$32,419$25,835$20,466$12,511
21 years$47,081$37,633$29,819$23,447$18,315$10,862
22 years$44,467$35,129$27,483$21,318$16,417$9,441
23 years$42,084$32,856$25,376$19,415$14,737$8,216
24 years$39,903$30,784$23,468$17,708$13,246$7,156
25 years$37,899$28,889$21,736$16,172$11,919$6,237
26 years$36,052$27,151$20,159$14,787$10,736$5,441
27 years$34,345$25,552$18,720$13,535$9,680$4,749
28 years$32,763$24,078$17,402$12,401$8,734$4,147
29 years$31,293$22,714$16,194$11,372$7,887$3,623
30 years$29,923$21,451$15,084$10,436$7,126$3,167
31 years$28,644$20,279$14,063$9,585$6,443$2,769
32 years$27,447$19,188$13,121$8,809$5,828$2,421
33 years$26,326$18,171$12,251$8,100$5,274$2,118
34 years$25,272$17,222$11,447$7,453$4,775$1,854
35 years$24,281$16,335$10,702$6,861$4,325$1,622
36 years$23,347$15,504$10,011$6,319$3,919$1,420
37 years$22,466$14,725$9,370$5,822$3,552$1,243
38 years$21,633$13,994$8,775$5,366$3,220$1,089
39 years$20,844$13,307$8,221$4,948$2,920$953
40 years$20,097$12,661$7,706$4,564$2,648$835
41 years$19,388$12,052$7,225$4,211$2,403$731
42 years$18,715$11,478$6,778$3,886$2,180$640
43 years$18,075$10,936$6,360$3,587$1,979$561
44 years$17,466$10,424$5,970$3,312$1,796$492
45 years$16,885$9,941$5,606$3,059$1,631$431
46 years$16,331$9,483$5,265$2,825$1,480$377
47 years$15,803$9,050$4,946$2,610$1,344$331
48 years$15,298$8,639$4,648$2,412$1,221$290
49 years$14,815$8,250$4,369$2,229$1,109$254
50 years$14,352$7,881$4,107$2,060$1,007$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $14,700,000, adding $2,535 every year, while hoping to spend $43,579 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: 54/31/15 Blend
49$14,700,000$14,700,000$14,700,000$14,700,000
50$16,202,015$15,422,915$15,195,065$17,012,291
51$17,808,253$16,132,270$15,657,732$18,274,219
52$19,576,866$16,874,923$16,134,438$19,642,200
53$21,524,372$17,652,459$16,625,606$21,130,226
54$23,668,969$18,466,541$17,131,675$22,749,734
55$26,030,711$19,318,909$17,653,094$24,513,295
56$28,631,698$20,211,390$18,190,328$26,434,726
57$31,496,281$21,145,898$18,743,852$28,529,212
58$34,651,291$22,124,436$19,314,161$30,813,451
59$38,126,298$23,149,109$19,901,761$33,305,801
60$41,953,883$24,222,118$20,507,173$36,026,447
61$46,169,951$25,345,774$21,130,935$38,997,591
62$50,814,067$26,522,497$21,773,602$42,243,649
63$55,929,828$27,754,826$22,435,744$45,791,480
64$61,565,277$29,045,419$23,117,948$49,670,630
65$67,773,357$30,397,066$23,820,821$53,913,603
66$74,612,405$31,812,689$24,544,984$58,556,164
67$82,146,711$33,295,351$25,291,082$63,637,665
68$90,447,118$34,848,265$26,059,775$69,201,410
69$99,591,691$36,474,797$26,851,744$75,295,055
70$109,666,457$38,178,476$27,667,692$81,971,052
71$120,766,218$39,963,003$28,508,341$89,287,127
72$132,995,437$41,832,256$29,374,436$97,306,824
73$146,469,236$43,790,300$30,266,744$106,100,090
74$161,314,473$45,841,400$31,186,055$115,743,924
75$177,670,943$47,990,022$32,133,181$126,323,096
76$195,692,698$50,240,852$33,108,962$137,930,931
77$215,549,501$52,598,802$34,114,260$150,670,184
78$237,428,427$55,069,020$35,149,964$164,653,992
79$261,535,629$57,656,904$36,216,990$180,006,929
80$288,098,284$60,368,113$37,316,281$196,866,172
81$317,366,740$63,208,582$38,448,807$215,382,777
82$349,616,875$66,184,530$39,615,570$235,723,092
83$385,152,704$69,302,480$40,817,599$258,070,312
84$424,309,247$72,569,268$42,055,956$282,626,187
85$467,455,693$75,992,065$43,331,733$309,612,917
86$514,998,883$79,578,386$44,646,056$339,275,223
87$567,387,155$83,336,113$46,000,084$371,882,644
88$625,114,569$87,273,507$47,395,011$407,732,060
89$688,725,578$91,399,232$48,832,067$447,150,470
90$758,820,164$95,722,371$50,312,518$490,498,062
91$836,059,502$100,252,448$51,837,669$538,171,588
92$921,172,202$104,999,449$53,408,862$590,608,085
93$1,014,961,188$109,973,844$55,027,480$648,288,977
94$1,118,311,278$115,186,610$56,694,950$711,744,592
95$1,232,197,535$120,649,261$58,412,736$781,559,142
96$1,357,694,472$126,373,863$60,182,352$858,376,208
97$1,495,986,200$132,373,075$62,005,353$942,904,788
98$1,648,377,602$138,660,164$63,883,341$1,035,925,955
99$1,816,306,652$145,249,047$65,817,968$1,138,300,201
100$2,001,357,992$152,154,313$67,810,932$1,250,975,523