Can I retire at age 50 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$396,380$392,849$389,404$386,042$382,759$378,447
2 years$196,227$192,573$189,031$185,597$182,266$177,925
3 years$129,519$125,849$122,316$118,914$115,637$111,402
4 years$96,171$92,512$89,014$85,671$82,473$78,377
5 years$76,168$72,531$69,079$65,803$62,695$58,749
6 years$62,836$59,227$55,826$52,623$49,608$45,817
7 years$53,318$49,738$46,392$43,265$40,345$36,711
8 years$46,182$42,635$39,344$36,294$33,470$29,992
9 years$40,635$37,121$33,887$30,914$28,187$24,864
10 years$36,200$32,721$29,543$26,648$24,016$20,847
11 years$32,574$29,129$26,009$23,192$20,655$17,636
12 years$29,554$26,145$23,083$20,342$17,899$15,027
13 years$27,001$23,627$20,623$17,959$15,608$12,880
14 years$24,814$21,477$18,530$15,942$13,682$11,093
15 years$22,921$19,619$16,730$14,218$12,047$9,594
16 years$21,266$18,000$15,168$12,730$10,647$8,325
17 years$19,807$16,578$13,802$11,438$9,440$7,246
18 years$18,512$15,318$12,600$10,308$8,394$6,322
19 years$17,354$14,197$11,534$9,314$7,482$5,528
20 years$16,314$13,193$10,586$8,436$6,683$4,842
21 years$15,373$12,288$9,737$7,656$5,980$4,248
22 years$14,520$11,471$8,974$6,961$5,361$3,732
23 years$13,742$10,728$8,286$6,340$4,812$3,283
24 years$13,029$10,052$7,663$5,782$4,325$2,891
25 years$12,375$9,433$7,098$5,281$3,892$2,548
26 years$11,772$8,866$6,583$4,828$3,506$2,247
27 years$11,215$8,344$6,113$4,419$3,161$1,983
28 years$10,698$7,862$5,682$4,049$2,852$1,752
29 years$10,218$7,417$5,288$3,713$2,575$1,548
30 years$9,771$7,005$4,926$3,408$2,327$1,369
31 years$9,353$6,622$4,592$3,130$2,104$1,211
32 years$8,962$6,265$4,284$2,876$1,903$1,071
33 years$8,596$5,933$4,000$2,645$1,722$948
34 years$8,252$5,624$3,738$2,434$1,559$839
35 years$7,928$5,334$3,494$2,240$1,412$743
36 years$7,624$5,063$3,269$2,063$1,280$658
37 years$7,336$4,808$3,060$1,901$1,160$583
38 years$7,064$4,570$2,865$1,752$1,051$517
39 years$6,806$4,345$2,684$1,616$953$458
40 years$6,562$4,134$2,516$1,490$865$406
41 years$6,331$3,935$2,359$1,375$785$360
42 years$6,111$3,748$2,213$1,269$712$319
43 years$5,902$3,571$2,077$1,171$646$283
44 years$5,703$3,404$1,949$1,082$586$251
45 years$5,513$3,246$1,830$999$532$222
46 years$5,333$3,096$1,719$923$483$197
47 years$5,160$2,955$1,615$852$439$175
48 years$4,995$2,821$1,518$788$399$155
49 years$4,837$2,694$1,427$728$362$138
50 years$4,686$2,573$1,341$673$329$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $4,800,000, adding $4,954 every year, while hoping to spend $46,364 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: 47/42/11 Blend
49$4,800,000$4,800,000$4,800,000$4,800,000
50$5,294,710$5,040,310$4,965,910$5,527,182
51$5,785,440$5,237,954$5,082,937$5,885,664
52$6,324,670$5,443,729$5,202,331$6,269,299
53$6,917,298$5,657,984$5,324,121$6,684,603
54$7,568,721$5,881,084$5,448,338$7,134,535
55$8,284,884$6,113,411$5,575,011$7,622,347
56$9,072,337$6,355,362$5,704,168$8,151,609
57$9,938,295$6,607,355$5,835,837$8,726,246
58$10,890,709$6,869,823$5,970,046$9,350,571
59$11,938,339$7,143,222$6,106,820$10,029,323
60$13,090,835$7,428,025$6,246,184$10,767,713
61$14,358,832$7,724,730$6,388,162$11,571,470
62$15,754,045$8,033,854$6,532,778$12,446,895
63$17,289,384$8,355,940$6,680,053$13,400,914
64$18,979,074$8,691,554$6,830,007$14,441,146
65$20,838,786$9,041,286$6,982,659$15,575,973
66$22,885,790$9,405,757$7,138,026$16,814,613
67$25,139,114$9,785,613$7,296,124$18,167,209
68$27,619,725$10,181,529$7,456,965$19,644,918
69$30,350,726$10,594,213$7,620,562$21,260,021
70$33,357,572$11,024,402$7,786,923$23,026,029
71$36,668,316$11,472,869$7,956,057$24,957,812
72$40,313,867$11,940,422$8,127,967$27,071,735
73$44,328,283$12,427,904$8,302,655$29,385,811
74$48,749,095$12,936,199$8,480,122$31,919,868
75$53,617,659$13,466,228$8,660,362$34,695,732
76$58,979,545$14,018,959$8,843,369$37,737,431
77$64,884,969$14,595,398$9,029,133$41,071,417
78$71,389,267$15,196,604$9,217,639$44,726,813
79$78,553,413$15,823,678$9,408,871$48,735,686
80$86,444,598$16,477,775$9,602,805$53,133,344
81$95,136,864$17,160,104$9,799,417$57,958,664
82$104,711,802$17,871,926$9,998,675$63,254,459
83$115,259,319$18,614,564$10,200,543$69,067,875
84$126,878,491$19,389,398$10,404,983$75,450,829
85$139,678,494$20,197,876$10,611,946$82,460,503
86$153,779,636$21,041,508$10,821,383$90,159,868
87$169,314,494$21,921,877$11,033,234$98,618,282
88$186,429,162$22,840,638$11,247,437$107,912,135
89$205,284,630$23,799,523$11,463,920$118,125,566
90$226,058,307$24,800,344$11,682,605$129,351,252
91$248,945,690$25,844,997$11,903,408$141,691,274
92$274,162,213$26,935,464$12,126,235$155,258,078
93$301,945,279$28,073,823$12,350,985$170,175,528
94$332,556,502$29,262,244$12,577,547$186,580,069
95$366,284,172$30,503,001$12,805,802$204,622,006
96$403,445,983$31,798,473$13,035,621$224,466,920
97$444,392,024$33,151,150$13,266,866$246,297,217
98$489,508,090$34,563,635$13,499,385$270,313,846
99$539,219,319$36,038,657$13,733,018$296,738,188
100$593,994,208$37,579,069$13,967,592$325,814,133