Can I retire at age 50 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$412,895$409,217$405,629$402,127$398,707$383,190
2 years$204,404$200,597$196,907$193,330$189,860$174,415
3 years$134,915$131,092$127,412$123,869$120,455$105,568
4 years$100,178$96,367$92,723$89,240$85,910$71,693
5 years$79,341$75,553$71,957$68,545$65,307$51,798
6 years$65,455$61,694$58,152$54,816$51,675$38,882
7 years$55,539$51,811$48,325$45,067$42,026$29,945
8 years$48,106$44,411$40,983$37,806$34,865$23,483
9 years$42,328$38,668$35,299$32,202$29,361$18,663
10 years$37,708$34,084$30,774$27,759$25,017$14,982
11 years$33,931$30,343$27,093$24,158$21,515$12,120
12 years$30,785$27,234$24,044$21,190$18,645$9,865
13 years$28,126$24,612$21,482$18,708$16,259$8,068
14 years$25,848$22,371$19,302$16,607$14,252$6,624
15 years$23,876$20,437$17,427$14,810$12,549$5,455
16 years$22,152$18,750$15,800$13,261$11,091$4,503
17 years$20,632$17,268$14,377$11,915$9,834$3,726
18 years$19,283$15,957$13,125$10,738$8,744$3,087
19 years$18,077$14,789$12,015$9,702$7,793$2,562
20 years$16,993$13,742$11,027$8,787$6,961$2,129
21 years$16,014$12,800$10,143$7,975$6,230$1,770
22 years$15,125$11,949$9,348$7,251$5,584$1,473
23 years$14,314$11,175$8,631$6,604$5,012$1,227
24 years$13,572$10,471$7,982$6,023$4,505$1,022
25 years$12,891$9,826$7,393$5,501$4,054$852
26 years$12,263$9,235$6,857$5,029$3,652$710
27 years$11,682$8,691$6,367$4,604$3,292$593
28 years$11,144$8,190$5,919$4,218$2,971$494
29 years$10,644$7,726$5,508$3,868$2,683$413
30 years$10,178$7,296$5,131$3,550$2,424$344
31 years$9,743$6,898$4,783$3,260$2,191$287
32 years$9,336$6,526$4,463$2,996$1,982$240
33 years$8,954$6,181$4,167$2,755$1,794$200
34 years$8,596$5,858$3,893$2,535$1,624$167
35 years$8,259$5,556$3,640$2,334$1,471$140
36 years$7,941$5,274$3,405$2,149$1,333$117
37 years$7,641$5,009$3,187$1,980$1,208$97
38 years$7,358$4,760$2,985$1,825$1,095$81
39 years$7,090$4,526$2,796$1,683$993$68
40 years$6,836$4,306$2,621$1,552$901$57
41 years$6,595$4,099$2,458$1,432$817$47
42 years$6,366$3,904$2,305$1,322$742$40
43 years$6,148$3,720$2,163$1,220$673$33
44 years$5,941$3,546$2,031$1,127$611$28
45 years$5,743$3,381$1,907$1,040$555$23
46 years$5,555$3,225$1,791$961$504$19
47 years$5,375$3,078$1,682$888$457$16
48 years$5,203$2,938$1,581$820$415$13
49 years$5,039$2,806$1,486$758$377$11
50 years$4,882$2,680$1,397$701$343$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,000,000, adding $3,427 every year, while hoping to spend $43,569 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: 84/9/7 Blend
49$5,000,000$5,000,000$5,000,000$5,000,000
50$5,513,535$5,248,535$5,171,035$5,973,055
51$6,029,558$5,459,356$5,297,908$6,484,422
52$6,596,756$5,679,047$5,427,570$7,039,722
53$7,220,302$5,907,997$5,560,070$7,648,265
54$7,905,895$6,146,612$5,695,455$8,315,371
55$8,659,817$6,395,316$5,833,773$9,046,896
56$9,488,985$6,654,553$5,975,071$9,849,290
57$10,401,023$6,924,788$6,119,398$10,729,657
58$11,404,330$7,206,505$6,266,801$11,695,822
59$12,508,161$7,500,213$6,417,327$12,756,402
60$13,722,710$7,806,440$6,571,025$13,920,890
61$15,059,213$8,125,743$6,727,941$15,199,740
62$16,530,048$8,458,700$6,888,122$16,604,469
63$18,148,855$8,805,917$7,051,616$18,147,765
64$19,930,661$9,168,030$7,218,468$19,843,601
65$21,892,026$9,545,701$7,388,724$21,707,372
66$24,051,196$9,939,624$7,562,430$23,756,038
67$26,428,276$10,350,524$7,739,629$26,008,281
68$29,045,420$10,779,159$7,920,367$28,484,683
69$31,927,038$11,226,323$8,104,685$31,207,920
70$35,100,030$11,692,847$8,292,625$34,202,972
71$38,594,034$12,179,597$8,484,229$37,497,361
72$42,441,712$12,687,484$8,679,537$41,121,409
73$46,679,051$13,217,456$8,878,587$45,108,523
74$51,345,711$13,770,507$9,081,416$49,495,511
75$56,485,390$14,347,678$9,288,059$54,322,925
76$62,146,242$14,950,057$9,498,552$59,635,445
77$68,381,330$15,578,781$9,712,925$65,482,301
78$75,249,127$16,235,043$9,931,209$71,917,735
79$82,814,065$16,920,087$10,153,432$79,001,511
80$91,147,147$17,635,219$10,379,619$86,799,479
81$100,326,614$18,381,803$10,609,794$95,384,197
82$110,438,684$19,161,266$10,843,978$104,835,611
83$121,578,366$19,975,105$11,082,187$115,241,813
84$133,850,356$20,824,882$11,324,437$126,699,866
85$147,370,026$21,712,234$11,570,739$139,316,723
86$162,264,510$22,638,875$11,821,101$153,210,233
87$178,673,908$23,606,598$12,075,525$168,510,253
88$196,752,605$24,617,279$12,334,013$185,359,872
89$216,670,728$25,672,883$12,596,561$203,916,759
90$238,615,755$26,775,467$12,863,158$224,354,652
91$262,794,280$27,927,183$13,133,791$246,864,994
92$289,433,965$29,130,284$13,408,442$271,658,739
93$318,785,690$30,387,129$13,687,086$298,968,343
94$351,125,920$31,700,187$13,969,692$329,049,954
95$386,759,311$33,072,044$14,256,225$362,185,830
96$426,021,593$34,505,406$14,546,641$398,687,001
97$469,282,732$36,003,107$14,840,889$438,896,203
98$516,950,425$37,568,114$15,138,914$483,191,108
99$569,473,950$39,203,533$15,440,649$531,987,893
100$627,348,404$40,912,618$15,746,022$585,745,163