Can I retire at age 50 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$388,122$384,664$381,291$377,999$374,785$360,199
2 years$192,139$188,561$185,093$181,730$178,469$163,950
3 years$126,821$123,227$119,767$116,436$113,228$99,234
4 years$94,168$90,585$87,160$83,886$80,755$67,391
5 years$74,581$71,019$67,640$64,432$61,389$48,690
6 years$61,527$57,993$54,663$51,527$48,575$36,549
7 years$52,207$48,702$45,425$42,363$39,504$28,148
8 years$45,220$41,747$38,524$35,538$32,773$22,074
9 years$39,788$36,348$33,181$30,270$27,599$17,543
10 years$35,446$32,039$28,928$26,093$23,516$14,083
11 years$31,895$28,522$25,468$22,709$20,225$11,393
12 years$28,938$25,600$22,602$19,919$17,526$9,273
13 years$26,438$23,135$20,193$17,585$15,283$7,584
14 years$24,297$21,029$18,144$15,610$13,397$6,226
15 years$22,443$19,211$16,381$13,922$11,796$5,127
16 years$20,823$17,625$14,852$12,465$10,425$4,233
17 years$19,394$16,232$13,515$11,200$9,244$3,502
18 years$18,126$14,999$12,337$10,093$8,219$2,902
19 years$16,993$13,901$11,294$9,120$7,326$2,408
20 years$15,974$12,918$10,365$8,260$6,544$2,001
21 years$15,053$12,032$9,534$7,497$5,856$1,664
22 years$14,217$11,232$8,787$6,816$5,249$1,385
23 years$13,455$10,505$8,113$6,208$4,712$1,153
24 years$12,758$9,842$7,503$5,662$4,235$961
25 years$12,117$9,237$6,950$5,171$3,811$801
26 years$11,527$8,681$6,445$4,728$3,433$668
27 years$10,981$8,170$5,985$4,327$3,095$557
28 years$10,475$7,698$5,564$3,965$2,793$465
29 years$10,005$7,262$5,178$3,636$2,522$388
30 years$9,567$6,859$4,823$3,337$2,278$324
31 years$9,158$6,484$4,496$3,065$2,060$270
32 years$8,776$6,135$4,195$2,816$1,863$226
33 years$8,417$5,810$3,917$2,590$1,686$188
34 years$8,080$5,506$3,660$2,383$1,527$157
35 years$7,763$5,223$3,422$2,194$1,383$131
36 years$7,465$4,957$3,201$2,020$1,253$110
37 years$7,183$4,708$2,996$1,861$1,136$92
38 years$6,917$4,474$2,806$1,716$1,030$77
39 years$6,664$4,255$2,629$1,582$934$64
40 years$6,426$4,048$2,464$1,459$847$53
41 years$6,199$3,853$2,310$1,346$768$45
42 years$5,984$3,670$2,167$1,242$697$37
43 years$5,779$3,497$2,033$1,147$633$31
44 years$5,584$3,333$1,909$1,059$574$26
45 years$5,399$3,178$1,792$978$521$22
46 years$5,222$3,032$1,683$903$473$18
47 years$5,053$2,893$1,581$835$430$15
48 years$4,891$2,762$1,486$771$390$13
49 years$4,737$2,638$1,397$713$355$11
50 years$4,589$2,520$1,313$659$322$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $4,700,000, adding $6,662 every year, while hoping to spend $22,553 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: 47/23/30 Blend
49$4,700,000$4,700,000$4,700,000$4,700,000
50$5,186,272$4,937,172$4,864,322$5,385,076
51$5,691,275$5,155,097$5,003,280$5,744,439
52$6,247,033$5,382,945$5,146,138$6,131,606
53$6,858,699$5,621,177$5,293,002$6,551,480
54$7,531,950$5,870,279$5,443,982$7,007,151
55$8,273,044$6,130,757$5,599,189$7,502,018
56$9,088,873$6,403,143$5,758,741$8,039,815
57$9,987,034$6,687,993$5,922,755$8,624,648
58$10,975,897$6,985,890$6,091,352$9,261,030
59$12,064,684$7,297,445$6,264,659$9,953,925
60$13,263,560$7,623,297$6,442,803$10,708,789
61$14,583,721$7,964,117$6,625,915$11,531,626
62$16,037,508$8,320,606$6,814,131$12,429,039
63$17,638,519$8,693,501$7,007,589$13,408,289
64$19,401,735$9,083,570$7,206,431$14,477,369
65$21,343,669$9,491,621$7,410,802$15,645,068
66$23,482,513$9,918,500$7,620,854$16,921,061
67$25,838,315$10,365,093$7,836,739$18,315,993
68$28,433,168$10,832,327$8,058,614$19,841,579
69$31,291,414$11,321,175$8,286,641$21,510,713
70$34,439,882$11,832,655$8,520,986$23,337,585
71$37,908,130$12,367,835$8,761,820$25,337,817
72$41,728,734$12,927,834$9,009,315$27,528,605
73$45,937,589$13,513,823$9,263,652$29,928,879
74$50,574,253$14,127,029$9,525,014$32,559,479
75$55,682,314$14,768,741$9,793,589$35,443,352
76$61,309,805$15,440,305$10,069,570$38,605,762
77$67,509,660$16,143,134$10,353,155$42,074,525
78$74,340,206$16,878,709$10,644,547$45,880,274
79$81,865,723$17,648,581$10,943,954$50,056,739
80$90,157,040$18,454,375$11,251,591$54,641,066
81$99,292,214$19,297,795$11,567,675$59,674,160
82$109,357,259$20,180,626$11,892,431$65,201,073
83$120,446,961$21,104,739$12,226,090$71,271,422
84$132,665,774$22,072,094$12,568,887$77,939,854
85$146,128,803$23,084,746$12,921,064$85,266,555
86$160,962,890$24,144,849$13,282,869$93,317,822
87$177,307,817$25,254,658$13,654,557$102,166,673
88$195,317,617$26,416,539$14,036,387$111,893,543
89$215,162,036$27,632,971$14,428,628$122,587,029
90$237,028,129$28,906,552$14,831,553$134,344,727
91$261,122,030$30,240,005$15,245,441$147,274,146
92$287,670,895$31,636,184$15,670,582$161,493,717
93$316,925,049$33,098,079$16,107,269$177,133,906
94$349,160,345$34,628,827$16,555,804$194,338,440
95$384,680,774$36,231,712$17,016,497$213,265,655
96$423,821,328$37,910,181$17,489,664$234,089,988
97$466,951,166$39,667,842$17,975,630$257,003,613
98$514,477,099$41,508,481$18,474,729$282,218,249
99$566,847,431$43,436,065$18,987,300$309,967,154
100$624,556,187$45,454,750$19,513,692$340,507,316