Can I retire at age 50 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$586,311$581,089$575,993$571,020$566,164$562,125
2 years$290,253$284,847$279,608$274,529$269,602$265,529
3 years$191,580$186,151$180,925$175,893$171,047$167,066
4 years$142,253$136,841$131,667$126,721$121,992$118,134
5 years$112,665$107,285$102,179$97,334$92,736$89,013
6 years$92,945$87,606$82,576$77,839$73,379$69,795
7 years$78,866$73,571$68,621$63,996$59,677$56,233
8 years$68,311$63,064$58,196$53,684$49,508$46,205
9 years$60,106$54,909$50,124$45,727$41,693$38,530
10 years$53,546$48,399$43,699$39,417$35,524$32,500
11 years$48,182$43,087$38,472$34,305$30,552$27,664
12 years$43,715$38,673$34,143$30,090$26,476$23,721
13 years$39,939$34,949$30,505$26,565$23,087$20,463
14 years$36,704$31,768$27,409$23,581$20,238$17,742
15 years$33,904$29,020$24,746$21,030$17,819$15,447
16 years$31,456$26,625$22,436$18,830$15,749$13,497
17 years$29,298$24,521$20,416$16,919$13,964$11,829
18 years$27,382$22,659$18,637$15,247$12,416$10,394
19 years$25,670$21,000$17,061$13,777$11,067$9,154
20 years$24,131$19,514$15,658$12,478$9,885$8,077
21 years$22,740$18,177$14,402$11,325$8,846$7,139
22 years$21,477$16,967$13,274$10,297$7,929$6,320
23 years$20,326$15,869$12,256$9,377$7,118$5,601
24 years$19,273$14,868$11,335$8,553$6,398$4,970
25 years$18,305$13,953$10,498$7,811$5,757$4,415
26 years$17,413$13,114$9,737$7,142$5,186$3,925
27 years$16,589$12,341$9,041$6,537$4,675$3,492
28 years$15,824$11,629$8,405$5,989$4,218$3,109
29 years$15,114$10,971$7,822$5,492$3,809$2,769
30 years$14,453$10,361$7,286$5,041$3,442$2,468
31 years$13,835$9,794$6,792$4,629$3,112$2,201
32 years$13,257$9,268$6,337$4,255$2,815$1,964
33 years$12,715$8,777$5,917$3,912$2,547$1,753
34 years$12,206$8,318$5,529$3,600$2,306$1,565
35 years$11,728$7,890$5,169$3,314$2,089$1,397
36 years$11,276$7,488$4,835$3,052$1,893$1,248
37 years$10,851$7,112$4,526$2,812$1,715$1,115
38 years$10,448$6,759$4,238$2,592$1,555$997
39 years$10,068$6,427$3,971$2,390$1,410$891
40 years$9,707$6,115$3,722$2,204$1,279$796
41 years$9,364$5,821$3,490$2,034$1,161$712
42 years$9,039$5,544$3,274$1,877$1,053$637
43 years$8,730$5,282$3,072$1,733$956$569
44 years$8,436$5,035$2,883$1,600$867$509
45 years$8,155$4,801$2,707$1,477$788$456
46 years$7,888$4,580$2,543$1,365$715$408
47 years$7,633$4,371$2,389$1,261$649$365
48 years$7,389$4,173$2,245$1,165$590$326
49 years$7,155$3,985$2,110$1,077$536$292
50 years$6,932$3,806$1,984$995$486$261

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,100,000, adding $2,706 every year, while hoping to spend $49,286 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: 78/14/8 Blend
49$7,100,000$7,100,000$7,100,000$7,100,000
50$7,826,991$7,450,691$7,340,641$8,428,653
51$8,572,904$7,763,335$7,534,113$9,136,642
52$9,393,249$8,089,647$7,732,414$9,906,242
53$10,295,565$8,430,244$7,935,654$10,748,812
54$11,288,159$8,785,773$8,143,945$11,671,598
55$12,380,185$9,156,909$8,357,401$12,682,575
56$13,581,728$9,544,362$8,576,138$13,790,526
57$14,903,899$9,948,870$8,800,273$15,005,121
58$16,358,942$10,371,210$9,029,928$16,337,007
59$17,960,346$10,812,192$9,265,223$17,797,911
60$19,722,978$11,272,665$9,506,284$19,400,743
61$21,663,213$11,753,518$9,753,236$21,159,722
62$23,799,101$12,255,680$10,006,209$23,090,510
63$26,150,525$12,780,124$10,265,333$25,210,351
64$28,739,398$13,327,870$10,530,742$27,538,242
65$31,589,864$13,899,983$10,802,569$30,095,104
66$34,728,527$14,497,579$11,080,952$32,903,981
67$38,184,704$15,121,827$11,366,031$35,990,254
68$41,990,698$15,773,951$11,657,947$39,381,882
69$46,182,104$16,455,230$11,956,843$43,109,662
70$50,798,147$17,167,004$12,262,866$47,207,518
71$55,882,048$17,910,678$12,576,162$51,712,821
72$61,481,436$18,687,720$12,896,883$56,666,738
73$67,648,793$19,499,669$13,225,179$62,114,620
74$74,441,953$20,348,135$13,561,205$68,106,428
75$81,924,644$21,234,806$13,905,117$74,697,201
76$90,167,092$22,161,445$14,257,073$81,947,575
77$99,246,683$23,129,904$14,617,232$89,924,354
78$109,248,692$24,142,117$14,985,757$98,701,134
79$120,267,090$25,200,112$15,362,812$108,359,000
80$132,405,428$26,306,013$15,748,561$118,987,287
81$145,777,816$27,462,042$16,143,172$130,684,420
82$160,510,000$28,670,528$16,546,814$143,558,840
83$176,740,546$29,933,909$16,959,658$157,730,027
84$194,622,151$31,254,740$17,381,876$173,329,623
85$214,323,082$32,635,695$17,813,641$190,502,671
86$236,028,768$34,079,575$18,255,129$209,408,982
87$259,943,542$35,589,314$18,706,516$230,224,642
88$286,292,578$37,167,985$19,167,979$253,143,667
89$315,324,012$38,818,807$19,639,697$278,379,831
90$347,311,284$40,545,152$20,121,850$306,168,684
91$382,555,721$42,350,550$20,614,618$336,769,769
92$421,389,379$44,238,702$21,118,182$370,469,066
93$464,178,179$46,213,482$21,632,725$407,581,690
94$511,325,360$48,278,949$22,158,428$448,454,862
95$563,275,284$50,439,355$22,695,473$493,471,178
96$620,517,636$52,699,156$23,244,044$543,052,219
97$683,592,038$55,063,018$23,804,322$597,662,527
98$753,093,149$57,535,829$24,376,491$657,813,979
99$829,676,277$60,122,712$24,960,730$724,070,620
100$914,063,565$62,829,032$25,557,222$797,053,977