Can I retire at age 50 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$578,053$572,904$567,881$562,978$558,190$540,322
2 years$286,165$280,836$275,670$270,662$265,805$247,968
3 years$188,882$183,529$178,377$173,416$168,637$151,391
4 years$140,249$134,913$129,813$124,936$120,274$103,750
5 years$111,078$105,774$100,740$95,963$91,430$75,674
6 years$91,636$86,372$81,413$76,743$72,346$57,370
7 years$77,755$72,535$67,655$63,094$58,836$44,640
8 years$67,349$62,176$57,376$52,928$48,810$35,383
9 years$59,259$54,135$49,418$45,083$41,105$28,432
10 years$52,792$47,718$43,084$38,862$35,024$23,085
11 years$47,503$42,480$37,930$33,822$30,122$18,895
12 years$43,099$38,128$33,662$29,666$26,103$15,565
13 years$39,376$34,457$30,075$26,191$22,762$12,887
14 years$36,187$31,320$27,023$23,249$19,953$10,714
15 years$33,426$28,611$24,398$20,734$17,568$8,937
16 years$31,013$26,250$22,120$18,565$15,527$7,475
17 years$28,885$24,176$20,128$16,681$13,767$6,267
18 years$26,996$22,339$18,375$15,033$12,241$5,263
19 years$25,308$20,704$16,821$13,583$10,911$4,428
20 years$23,791$19,239$15,438$12,302$9,746$3,730
21 years$22,420$17,921$14,200$11,165$8,721$3,145
22 years$21,175$16,728$13,087$10,152$7,817$2,654
23 years$20,040$15,645$12,084$9,245$7,017$2,242
24 years$19,001$14,659$11,175$8,432$6,307$1,895
25 years$18,047$13,757$10,351$7,701$5,676$1,602
26 years$17,168$12,929$9,600$7,041$5,112$1,356
27 years$16,355$12,168$8,914$6,445$4,609$1,148
28 years$15,601$11,466$8,287$5,905$4,159$972
29 years$14,901$10,816$7,712$5,415$3,756$823
30 years$14,249$10,215$7,183$4,970$3,393$697
31 years$13,640$9,657$6,697$4,564$3,068$591
32 years$13,070$9,137$6,248$4,195$2,775$500
33 years$12,536$8,653$5,834$3,857$2,512$424
34 years$12,034$8,201$5,451$3,549$2,274$359
35 years$11,562$7,779$5,096$3,267$2,060$305
36 years$11,118$7,383$4,767$3,009$1,866$258
37 years$10,698$7,012$4,462$2,772$1,691$219
38 years$10,301$6,664$4,179$2,555$1,533$186
39 years$9,926$6,337$3,915$2,356$1,390$157
40 years$9,570$6,029$3,669$2,173$1,261$134
41 years$9,233$5,739$3,441$2,005$1,144$113
42 years$8,912$5,466$3,228$1,850$1,038$96
43 years$8,607$5,208$3,029$1,708$942$81
44 years$8,317$4,964$2,843$1,577$855$69
45 years$8,041$4,734$2,669$1,457$776$59
46 years$7,777$4,516$2,507$1,345$705$50
47 years$7,525$4,309$2,355$1,243$640$42
48 years$7,285$4,114$2,213$1,149$581$36
49 years$7,055$3,928$2,080$1,062$528$30
50 years$6,834$3,753$1,956$981$480$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,000,000, adding $3,486 every year, while hoping to spend $24,598 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: 46/47/7 Blend
49$7,000,000$7,000,000$7,000,000$7,000,000
50$7,717,596$7,346,596$7,238,096$8,057,676
51$8,478,619$7,680,407$7,454,400$8,625,833
52$9,316,441$8,029,750$7,677,126$9,238,952
53$10,238,871$8,395,361$7,906,463$9,903,460
54$11,254,512$8,778,010$8,142,605$10,624,113
55$12,372,843$9,178,503$8,385,753$11,406,129
56$13,604,311$9,597,688$8,636,114$12,255,235
57$14,960,426$10,036,450$8,893,899$13,177,718
58$16,453,872$10,495,718$9,159,327$14,180,483
59$18,098,624$10,976,466$9,432,622$15,271,109
60$19,910,085$11,479,714$9,714,016$16,457,925
61$21,905,225$12,006,531$10,003,747$17,750,078
62$24,102,745$12,558,038$10,302,059$19,157,617
63$26,523,253$13,135,410$10,609,206$20,691,586
64$29,189,456$13,739,876$10,925,446$22,364,123
65$32,126,378$14,372,728$11,251,046$24,188,567
66$35,361,593$15,035,316$11,586,281$26,179,583
67$38,925,488$15,729,059$11,931,433$28,353,293
68$42,851,546$16,455,441$12,286,794$30,727,425
69$47,176,664$17,216,018$12,652,663$33,321,472
70$51,941,505$18,012,424$13,029,348$36,156,872
71$57,190,872$18,846,367$13,417,165$39,257,204
72$62,974,143$19,719,640$13,816,441$42,648,406
73$69,345,725$20,634,123$14,227,512$46,359,009
74$76,365,578$21,591,784$14,650,723$50,420,404
75$84,099,774$22,594,688$15,086,429$54,867,127
76$92,621,122$23,644,998$15,534,995$59,737,180
77$102,009,858$24,744,984$15,996,799$65,072,383
78$112,354,398$25,897,023$16,472,226$70,918,755
79$123,752,176$27,103,607$16,961,675$77,326,946
80$136,310,563$28,367,349$17,465,557$84,352,702
81$150,147,879$29,690,988$17,984,291$92,057,382
82$165,394,511$31,077,394$18,518,313$100,508,529
83$182,194,143$32,529,579$19,068,069$109,780,497
84$200,705,114$34,050,696$19,634,017$119,955,139
85$221,101,909$35,644,054$20,216,630$131,122,571
86$243,576,811$37,313,120$20,816,395$143,382,009
87$268,341,712$39,061,529$21,433,810$156,842,694
88$295,630,115$40,893,092$22,069,391$171,624,910
89$325,699,337$42,811,804$22,723,667$187,861,104
90$358,832,942$44,821,855$23,397,181$205,697,125
91$395,343,411$46,927,634$24,090,495$225,293,582
92$435,575,096$49,133,746$24,804,185$246,827,346
93$479,907,474$51,445,018$25,538,843$270,493,202
94$528,758,721$53,866,509$26,295,079$296,505,673
95$582,589,667$56,403,524$27,073,521$325,101,024
96$641,908,143$59,061,626$27,874,813$356,539,472
97$707,273,774$61,846,647$28,699,620$391,107,628
98$779,303,267$64,764,700$29,548,625$429,121,176
99$858,676,226$67,822,196$30,422,530$470,927,832
100$946,141,574$71,025,856$31,322,057$516,910,607