Can I retire at age 50 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,264,644
2 years$654,092$641,910$630,104$618,657$607,554$596,249
3 years$431,730$419,495$407,719$396,379$385,457$374,416
4 years$320,570$308,373$296,715$285,569$274,911$264,220
5 years$253,892$241,768$230,263$219,344$208,983$198,672
6 years$209,455$197,422$186,087$175,411$165,361$155,444
7 years$177,726$165,795$154,639$144,215$134,483$124,963
8 years$153,940$142,117$131,146$120,979$111,567$102,445
9 years$135,450$123,738$112,956$103,047$93,955$85,228
10 years$120,667$109,069$98,478$88,828$80,054$71,717
11 years$108,579$97,098$86,698$77,307$68,850$60,895
12 years$98,513$87,150$76,942$67,808$59,664$52,085
13 years$90,002$78,758$68,743$59,865$52,028$44,816
14 years$82,714$71,589$61,766$53,141$45,607$38,754
15 years$76,403$65,398$55,766$47,392$40,156$33,651
16 years$70,886$60,001$50,560$42,435$35,490$29,323
17 years$66,023$55,259$46,008$38,127$31,468$25,628
18 years$61,706$51,062$41,999$34,360$27,980$22,455
19 years$57,847$47,323$38,448$31,048$24,939$19,719
20 years$54,379$43,975$35,286$28,120$22,276$17,349
21 years$51,245$40,961$32,456$25,520$19,935$15,290
22 years$48,400$38,236$29,913$23,204$17,869$13,494
23 years$45,806$35,761$27,620$21,132$16,040$11,924
24 years$43,431$33,506$25,544$19,274$14,417$10,548
25 years$41,250$31,444$23,659$17,602$12,973$9,340
26 years$39,241$29,552$21,942$16,094$11,686$8,277
27 years$37,383$27,812$20,375$14,731$10,536$7,341
28 years$35,661$26,207$18,941$13,497$9,506$6,515
29 years$34,060$24,723$17,627$12,377$8,584$5,785
30 years$32,569$23,348$16,418$11,359$7,756$5,140
31 years$31,177$22,072$15,306$10,433$7,012$4,568
32 years$29,875$20,885$14,281$9,588$6,343$4,062
33 years$28,654$19,778$13,334$8,817$5,741$3,613
34 years$27,507$18,745$12,459$8,112$5,197$3,215
35 years$26,428$17,779$11,648$7,468$4,708$2,862
36 years$25,412$16,875$10,897$6,878$4,265$2,548
37 years$24,452$16,028$10,199$6,337$3,866$2,268
38 years$23,546$15,232$9,551$5,841$3,505$2,020
39 years$22,688$14,484$8,948$5,385$3,178$1,800
40 years$21,875$13,780$8,387$4,967$2,883$1,603
41 years$21,103$13,118$7,864$4,583$2,615$1,429
42 years$20,370$12,493$7,377$4,230$2,373$1,273
43 years$19,674$11,903$6,922$3,904$2,154$1,135
44 years$19,010$11,346$6,498$3,605$1,955$1,012
45 years$18,378$10,820$6,101$3,329$1,775$902
46 years$17,776$10,322$5,731$3,075$1,611$804
47 years$17,200$9,850$5,384$2,841$1,463$717
48 years$16,650$9,403$5,059$2,625$1,329$639
49 years$16,125$8,979$4,755$2,426$1,207$570
50 years$15,622$8,577$4,471$2,243$1,096$508

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,000,000, adding $5,784 every year, while hoping to spend $23,436 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: 48/45/7 Blend
49$16,000,000$16,000,000$16,000,000$16,000,000
50$17,637,966$16,789,966$16,541,966$18,451,773
51$19,412,103$17,587,739$17,071,186$19,807,362
52$21,366,416$18,423,817$17,617,350$21,275,356
53$23,519,259$19,300,052$18,181,000$22,868,588
54$25,890,857$20,218,388$18,762,696$24,598,712
55$28,503,495$21,180,860$19,363,017$26,478,522
56$31,381,733$22,189,603$19,982,560$28,522,058
57$34,552,634$23,246,858$20,621,940$30,744,738
58$38,046,021$24,354,972$21,281,793$33,163,492
59$41,894,757$25,516,408$21,962,775$35,796,913
60$46,135,058$26,733,748$22,665,564$38,665,424
61$50,806,831$28,009,699$23,390,858$41,791,466
62$55,954,054$29,347,100$24,139,377$45,199,691
63$61,625,189$30,748,930$24,911,868$48,917,195
64$67,873,640$32,218,309$25,709,097$52,973,755
65$74,758,257$33,758,512$26,531,858$57,402,104
66$82,343,893$35,372,973$27,380,969$62,238,226
67$90,702,013$37,065,291$28,257,274$67,521,685
68$99,911,371$38,839,243$29,161,646$73,295,982
69$110,058,753$40,698,788$30,094,983$79,608,959
70$121,239,795$42,648,078$31,058,214$86,513,231
71$133,559,888$44,691,467$32,052,297$94,066,670
72$147,135,169$46,833,522$33,078,222$102,332,935
73$162,093,622$49,079,030$34,137,008$111,382,059
74$178,576,284$51,433,015$35,229,710$121,291,092
75$196,738,574$53,900,742$36,357,415$132,144,809
76$216,751,764$56,487,734$37,521,244$144,036,494
77$238,804,594$59,199,783$38,722,356$157,068,801
78$263,105,054$62,042,963$39,961,946$171,354,703
79$289,882,345$65,023,645$41,241,247$187,018,534
80$319,389,049$68,148,507$42,561,533$204,197,145
81$351,903,505$71,424,558$43,924,118$223,041,169
82$387,732,445$74,859,143$45,330,358$243,716,421
83$427,213,882$78,459,969$46,781,652$266,405,436
84$470,720,306$82,235,116$48,279,446$291,309,166
85$518,662,200$86,193,059$49,825,230$318,648,847
86$571,491,912$90,342,687$51,420,543$348,668,062
87$629,707,929$94,693,320$53,066,974$381,635,005
88$693,859,581$99,254,736$54,766,161$417,844,983
89$764,552,227$104,037,187$56,519,796$457,623,169
90$842,452,971$109,051,426$58,329,625$501,327,637
91$928,296,957$114,308,729$60,197,451$549,352,703
92$1,022,894,314$119,820,924$62,125,133$602,132,610
93$1,127,137,800$125,600,415$64,114,591$660,145,586
94$1,242,011,233$131,660,212$66,167,806$723,918,316
95$1,368,598,774$138,013,959$68,286,824$794,030,867
96$1,508,095,170$144,675,964$70,473,754$871,122,119
97$1,661,817,028$151,661,236$72,730,774$955,895,747
98$1,831,215,243$158,985,515$75,060,134$1,049,126,811
99$2,017,888,703$166,665,310$77,464,153$1,151,669,017
100$2,223,599,374$174,717,934$79,945,226$1,264,462,724