Can I retire at age 50 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,280,362
2 years$682,708$669,993$657,671$645,723$634,134$583,043
3 years$450,618$437,848$425,556$413,721$402,321$353,066
4 years$334,595$321,865$309,696$298,063$286,938$239,894
5 years$265,000$252,346$240,337$228,941$218,126$173,414
6 years$218,618$206,059$194,228$183,086$172,596$130,245
7 years$185,501$173,048$161,404$150,525$140,367$100,364
8 years$160,675$148,334$136,884$126,272$116,448$78,755
9 years$141,376$129,152$117,898$107,555$98,066$62,628
10 years$125,946$113,841$102,786$92,714$83,557$50,307
11 years$113,329$101,346$90,491$80,689$71,862$40,725
12 years$102,823$90,963$80,309$70,775$62,274$33,169
13 years$93,940$82,204$71,750$62,484$54,304$27,145
14 years$86,333$74,721$64,468$55,466$47,603$22,301
15 years$79,745$68,259$58,206$49,466$41,913$18,379
16 years$73,987$62,626$52,772$44,291$37,043$15,185
17 years$68,912$57,676$48,021$39,795$32,845$12,572
18 years$64,405$53,296$43,837$35,864$29,204$10,426
19 years$60,378$49,394$40,130$32,406$26,030$8,658
20 years$56,758$45,899$36,830$29,350$23,251$7,199
21 years$53,487$42,753$33,876$26,637$20,807$5,991
22 years$50,517$39,909$31,222$24,219$18,650$4,989
23 years$47,810$37,326$28,828$22,057$16,742$4,158
24 years$45,332$34,972$26,661$20,117$15,048$3,467
25 years$43,055$32,819$24,694$18,372$13,541$2,893
26 years$40,957$30,845$22,902$16,798$12,197$2,414
27 years$39,018$29,029$21,267$15,376$10,997$2,015
28 years$37,221$27,353$19,770$14,088$9,922$1,683
29 years$35,550$25,805$18,398$12,919$8,960$1,405
30 years$33,994$24,370$17,137$11,856$8,096$1,174
31 years$32,541$23,038$15,976$10,889$7,319$981
32 years$31,182$21,798$14,906$10,007$6,621$820
33 years$29,907$20,643$13,918$9,202$5,992$685
34 years$28,710$19,565$13,004$8,467$5,425$572
35 years$27,584$18,557$12,158$7,794$4,914$478
36 years$26,523$17,614$11,373$7,178$4,452$400
37 years$25,522$16,729$10,645$6,614$4,035$334
38 years$24,576$15,898$9,969$6,096$3,658$279
39 years$23,680$15,118$9,340$5,621$3,317$234
40 years$22,832$14,383$8,754$5,185$3,009$195
41 years$22,026$13,692$8,209$4,783$2,730$163
42 years$21,262$13,039$7,700$4,415$2,477$136
43 years$20,534$12,424$7,225$4,075$2,248$114
44 years$19,842$11,843$6,782$3,763$2,040$95
45 years$19,182$11,293$6,368$3,475$1,852$80
46 years$18,553$10,773$5,981$3,210$1,682$67
47 years$17,953$10,281$5,619$2,966$1,527$56
48 years$17,379$9,814$5,281$2,740$1,387$47
49 years$16,830$9,372$4,963$2,533$1,260$39
50 years$16,305$8,953$4,666$2,341$1,144$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $16,700,000, adding $5,020 every year, while hoping to spend $40,895 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: 56/28/16 Blend
49$16,700,000$16,700,000$16,700,000$16,700,000
50$18,408,578$17,523,478$17,264,628$19,361,782
51$20,242,741$18,338,617$17,799,481$20,825,257
52$22,262,618$19,192,326$18,350,881$22,413,799
53$24,487,109$20,086,454$18,919,339$24,143,308
54$26,937,039$21,022,935$19,505,383$26,027,291
55$29,635,358$22,003,800$20,109,554$28,080,598
56$32,607,354$23,031,176$20,732,413$30,319,551
57$35,880,893$24,107,292$21,374,538$32,762,098
58$39,486,682$25,234,487$22,036,523$35,427,974
59$43,458,558$26,415,212$22,718,981$38,338,882
60$47,833,810$27,652,036$23,422,545$41,518,692
61$52,653,525$28,947,652$24,147,867$44,993,660
62$57,962,981$30,304,884$24,895,618$48,792,669
63$63,812,075$31,726,693$25,666,490$52,947,493
64$70,255,787$33,216,182$26,461,199$57,493,094
65$77,354,707$34,776,604$27,280,479$62,467,939
66$85,175,601$36,411,372$28,125,088$67,914,359
67$93,792,044$38,124,060$28,995,810$73,878,938
68$103,285,112$39,918,419$29,893,450$80,412,945
69$113,744,151$41,798,379$30,818,838$87,572,808
70$125,267,617$43,768,062$31,772,831$95,420,640
71$137,964,006$45,831,789$32,756,313$104,024,809
72$151,952,878$47,994,090$33,770,192$113,460,582
73$167,365,985$50,259,714$34,815,408$123,810,816
74$184,348,518$52,633,643$35,892,927$135,166,732
75$203,060,472$55,121,096$37,003,745$147,628,766
76$223,678,161$57,727,550$38,148,891$161,307,502
77$246,395,877$60,458,744$39,329,422$176,324,705
78$271,427,730$63,320,697$40,546,432$192,814,454
79$299,009,666$66,319,718$41,801,045$210,924,395
80$329,401,694$69,462,426$43,094,421$230,817,121
81$362,890,338$72,755,757$44,427,756$252,671,687
82$399,791,350$76,206,985$45,802,283$276,685,291
83$440,452,679$79,823,740$47,219,271$303,075,110
84$485,257,767$83,614,017$48,680,031$332,080,339
85$534,629,159$87,586,204$50,185,912$363,964,426
86$589,032,499$91,749,093$51,738,306$399,017,543
87$648,980,921$96,111,906$53,338,646$437,559,300
88$715,039,896$100,684,311$54,988,412$479,941,746
89$787,832,569$105,476,445$56,689,127$526,552,665
90$868,045,640$110,498,940$58,442,362$577,819,217
91$956,435,850$115,762,943$60,249,736$634,211,944
92$1,053,837,122$121,280,144$62,112,918$696,249,186
93$1,161,168,437$127,062,798$64,033,629$764,501,949
94$1,279,442,502$133,123,761$66,013,641$839,599,265
95$1,409,775,322$139,476,509$68,054,782$922,234,104
96$1,553,396,724$146,135,177$70,158,936$1,013,169,879
97$1,711,661,975$153,114,586$72,328,046$1,113,247,629
98$1,886,064,574$160,430,278$74,564,113$1,223,393,916
99$2,078,250,349$168,098,551$76,869,199$1,344,629,545
100$2,290,033,000$176,136,495$79,245,433$1,478,079,156