Can I retire at age 50 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$404,637$401,033$397,517$394,084$390,733$381,287
2 years$200,316$196,585$192,969$189,464$186,063$176,604
3 years$132,217$128,470$124,864$121,391$118,046$108,868
4 years$98,175$94,439$90,869$87,456$84,192$75,366
5 years$77,754$74,042$70,518$67,174$64,001$55,552
6 years$64,145$60,461$56,989$53,720$50,642$42,579
7 years$54,429$50,775$47,358$44,166$41,185$33,509
8 years$47,144$43,523$40,163$37,050$34,167$26,874
9 years$41,482$37,895$34,593$31,558$28,774$21,858
10 years$36,954$33,402$30,159$27,203$24,517$17,971
11 years$33,252$29,736$26,551$23,675$21,085$14,899
12 years$30,170$26,690$23,564$20,766$18,272$12,436
13 years$27,563$24,120$21,053$18,334$15,934$10,436
14 years$25,331$21,924$18,916$16,274$13,967$8,797
15 years$23,398$20,028$17,078$14,514$12,298$7,442
16 years$21,709$18,375$15,484$12,996$10,869$6,315
17 years$20,220$16,923$14,090$11,676$9,637$5,372
18 years$18,897$15,638$12,862$10,523$8,569$4,579
19 years$17,716$14,493$11,775$9,508$7,638$3,910
20 years$16,654$13,467$10,806$8,612$6,822$3,344
21 years$15,694$12,544$9,940$7,816$6,105$2,864
22 years$14,822$11,710$9,161$7,106$5,472$2,455
23 years$14,028$10,952$8,459$6,472$4,912$2,107
24 years$13,301$10,261$7,823$5,903$4,415$1,809
25 years$12,633$9,630$7,245$5,391$3,973$1,554
26 years$12,017$9,050$6,720$4,929$3,579$1,336
27 years$11,448$8,517$6,240$4,512$3,227$1,150
28 years$10,921$8,026$5,801$4,134$2,911$989
29 years$10,431$7,571$5,398$3,791$2,629$852
30 years$9,974$7,150$5,028$3,479$2,375$733
31 years$9,548$6,760$4,688$3,195$2,148$632
32 years$9,149$6,396$4,374$2,936$1,943$544
33 years$8,775$6,057$4,084$2,700$1,758$469
34 years$8,424$5,741$3,816$2,484$1,592$404
35 years$8,094$5,445$3,567$2,287$1,442$349
36 years$7,782$5,168$3,337$2,106$1,306$300
37 years$7,489$4,908$3,123$1,941$1,184$259
38 years$7,211$4,665$2,925$1,789$1,073$223
39 years$6,948$4,436$2,740$1,649$973$193
40 years$6,699$4,220$2,569$1,521$883$166
41 years$6,463$4,017$2,408$1,404$801$143
42 years$6,238$3,826$2,259$1,295$727$124
43 years$6,025$3,645$2,120$1,196$660$107
44 years$5,822$3,475$1,990$1,104$599$92
45 years$5,628$3,314$1,869$1,020$544$79
46 years$5,444$3,161$1,755$942$493$68
47 years$5,268$3,017$1,649$870$448$59
48 years$5,099$2,880$1,549$804$407$51
49 years$4,938$2,750$1,456$743$370$44
50 years$4,784$2,627$1,369$687$336$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $4,900,000, adding $5,171 every year, while hoping to spend $29,490 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: 29/45/26 Blend
49$4,900,000$4,900,000$4,900,000$4,900,000
50$5,405,134$5,145,434$5,069,484$5,518,174
51$5,925,080$5,366,183$5,207,934$5,827,961
52$6,497,073$5,596,760$5,350,035$6,157,846
53$7,126,390$5,837,617$5,495,876$6,511,910
54$7,818,845$6,089,223$5,645,551$6,892,258
55$8,580,845$6,352,074$5,799,156$7,301,197
56$9,419,451$6,626,685$5,956,787$7,741,254
57$10,342,441$6,913,598$6,118,545$8,215,196
58$11,358,385$7,213,379$6,284,531$8,726,057
59$12,476,727$7,526,622$6,454,850$9,277,163
60$13,707,873$7,853,947$6,629,608$9,872,162
61$15,063,290$8,196,004$6,808,913$10,515,054
62$16,555,611$8,553,474$6,992,877$11,210,229
63$18,198,759$8,927,070$7,181,614$11,962,501
64$20,008,074$9,317,538$7,375,240$12,777,158
65$22,000,460$9,725,659$7,573,873$13,660,003
66$24,194,544$10,152,253$7,777,634$14,617,406
67$26,610,850$10,598,176$7,986,648$15,656,367
68$29,271,996$11,064,326$8,201,040$16,784,569
69$32,202,905$11,551,643$8,420,940$18,010,457
70$35,431,039$12,061,111$8,646,479$19,343,307
71$38,986,660$12,593,761$8,877,792$20,793,314
72$42,903,118$13,150,674$9,115,015$22,371,681
73$47,217,158$13,732,979$9,358,291$24,090,724
74$51,969,275$14,341,862$9,607,760$25,963,982
75$57,204,090$14,978,563$9,863,570$28,006,339
76$62,970,777$15,644,381$10,125,869$30,234,164
77$69,323,519$16,340,679$10,394,808$32,665,457
78$76,322,027$17,068,881$10,670,543$35,320,015
79$84,032,100$17,830,482$10,953,232$38,219,613
80$92,526,244$18,627,047$11,243,036$41,388,205
81$101,884,362$19,460,213$11,540,119$44,852,144
82$112,194,502$20,331,698$11,844,647$48,640,424
83$123,553,690$21,243,301$12,156,793$52,784,948
84$136,068,850$22,196,906$12,476,729$57,320,823
85$149,857,805$23,194,487$12,804,632$62,286,682
86$165,050,397$24,238,112$13,140,682$67,725,045
87$181,789,707$25,329,949$13,485,064$73,682,711
88$200,233,407$26,472,267$13,837,964$80,211,190
89$220,555,251$27,667,444$14,199,573$87,367,184
90$242,946,712$28,917,974$14,570,083$95,213,113
91$267,618,788$30,226,466$14,949,693$103,817,694
92$294,803,999$31,595,658$15,338,602$113,256,580
93$324,758,576$33,028,414$15,737,015$123,613,067
94$357,764,885$34,527,740$16,145,138$134,978,866
95$394,134,085$36,096,782$16,563,183$147,454,961
96$434,209,076$37,738,838$16,991,363$161,152,549
97$478,367,725$39,457,365$17,429,897$176,194,079
98$527,026,440$41,255,982$17,879,006$192,714,397
99$580,644,098$43,138,487$18,338,914$210,862,003
100$639,726,378$45,108,854$18,809,849$230,800,439