Can I retire at age 50 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$602,827$597,458$592,219$587,105$582,112$559,016
2 years$298,429$292,871$287,485$282,262$277,196$254,214
3 years$196,977$191,395$186,022$180,848$175,865$153,719
4 years$146,260$140,695$135,376$130,291$125,428$104,289
5 years$115,838$110,307$105,057$100,076$95,349$75,268
6 years$95,564$90,074$84,902$80,031$75,446$56,438
7 years$81,087$75,644$70,554$65,798$61,358$43,415
8 years$70,235$64,841$59,835$55,197$50,902$34,007
9 years$61,799$56,456$51,536$47,015$42,867$26,993
10 years$55,054$49,763$44,930$40,528$36,525$21,641
11 years$49,539$44,301$39,556$35,271$31,413$17,485
12 years$44,947$39,762$35,105$30,938$27,221$14,212
13 years$41,064$35,933$31,364$27,313$23,738$11,607
14 years$37,738$32,662$28,181$24,246$20,808$9,516
15 years$34,859$29,838$25,443$21,623$18,321$7,826
16 years$32,342$27,376$23,068$19,361$16,192$6,451
17 years$30,123$25,212$20,991$17,396$14,357$5,329
18 years$28,153$23,297$19,162$15,677$12,766$4,410
19 years$26,393$21,591$17,542$14,165$11,378$3,654
20 years$24,810$20,064$16,099$12,830$10,163$3,031
21 years$23,381$18,689$14,808$11,644$9,095$2,516
22 years$22,082$17,445$13,648$10,587$8,153$2,091
23 years$20,899$16,316$12,602$9,642$7,318$1,738
24 years$19,816$15,287$11,654$8,794$6,578$1,446
25 years$18,821$14,346$10,794$8,031$5,919$1,204
26 years$17,904$13,483$10,011$7,343$5,332$1,002
27 years$17,056$12,689$9,296$6,721$4,807$834
28 years$16,270$11,957$8,642$6,158$4,337$695
29 years$15,540$11,280$8,042$5,647$3,916$579
30 years$14,860$10,653$7,491$5,183$3,539$483
31 years$14,225$10,070$6,984$4,760$3,199$402
32 years$13,630$9,529$6,516$4,374$2,894$335
33 years$13,073$9,024$6,084$4,023$2,619$279
34 years$12,550$8,552$5,684$3,701$2,371$233
35 years$12,058$8,112$5,314$3,407$2,148$194
36 years$11,594$7,699$4,972$3,138$1,946$162
37 years$11,156$7,313$4,653$2,891$1,764$135
38 years$10,743$6,950$4,358$2,665$1,599$113
39 years$10,351$6,608$4,083$2,457$1,450$94
40 years$9,980$6,287$3,827$2,266$1,315$78
41 years$9,628$5,985$3,588$2,091$1,193$65
42 years$9,294$5,700$3,366$1,930$1,083$54
43 years$8,976$5,431$3,158$1,781$983$45
44 years$8,673$5,177$2,965$1,645$892$38
45 years$8,385$4,936$2,784$1,519$810$32
46 years$8,110$4,709$2,615$1,403$735$26
47 years$7,848$4,494$2,456$1,296$668$22
48 years$7,597$4,290$2,308$1,198$606$18
49 years$7,357$4,097$2,170$1,107$551$15
50 years$7,127$3,913$2,040$1,023$500$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,300,000, adding $2,205 every year, while hoping to spend $25,652 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: 55/40/5 Blend
49$7,300,000$7,300,000$7,300,000$7,300,000
50$8,046,874$7,659,974$7,546,824$8,481,142
51$8,840,362$8,008,020$7,772,350$9,122,057
52$9,713,926$8,372,259$8,004,570$9,816,425
53$10,675,706$8,753,460$8,243,683$10,571,737
54$11,734,673$9,152,425$8,489,891$11,393,776
55$12,900,711$9,569,995$8,743,404$12,288,897
56$14,184,712$10,007,053$9,004,437$13,264,084
57$15,598,677$10,464,523$9,273,210$14,327,009
58$17,155,831$10,943,373$9,549,951$15,486,106
59$18,870,746$11,444,619$9,834,895$16,750,646
60$20,759,481$11,969,324$10,128,282$18,130,821
61$22,839,730$12,518,603$10,430,362$19,637,835
62$25,130,992$13,093,624$10,741,389$21,284,011
63$27,654,754$13,695,612$11,061,626$23,082,899
64$30,434,692$14,325,850$11,391,343$25,049,402
65$33,496,897$14,985,683$11,730,820$27,199,912
66$36,870,120$15,676,521$12,080,341$29,552,462
67$40,586,042$16,399,841$12,440,203$32,126,889
68$44,679,576$17,157,191$12,810,708$34,945,020
69$49,189,195$17,950,195$13,192,168$38,030,868
70$54,157,291$18,780,553$13,584,904$41,410,861
71$59,630,584$19,650,049$13,989,247$45,114,079
72$65,660,554$20,560,552$14,405,538$49,172,526
73$72,303,932$21,514,020$14,834,124$53,621,427
74$79,623,233$22,512,508$15,275,368$58,499,554
75$87,687,349$23,558,166$15,729,639$63,849,583
76$96,572,195$24,653,253$16,197,318$69,718,494
77$106,361,428$25,800,131$16,678,797$76,158,003
78$117,147,237$27,001,281$17,174,480$83,225,048
79$129,031,212$28,259,301$17,684,783$90,982,315
80$142,125,305$29,576,916$18,210,132$99,498,821
81$156,552,881$30,956,980$18,750,966$108,850,561
82$172,449,890$32,402,487$19,307,739$119,121,212
83$189,966,145$33,916,575$19,880,914$130,402,919
84$209,266,739$35,502,535$20,470,972$142,797,148
85$230,533,601$37,163,813$21,078,404$156,415,640
86$253,967,215$38,904,027$21,703,718$171,381,451
87$279,788,512$40,726,965$22,347,433$187,830,105
88$308,240,955$42,636,602$23,010,087$205,910,861
89$339,592,840$44,637,102$23,692,232$225,788,107
90$374,139,822$46,732,833$24,394,435$247,642,904
91$412,207,715$48,928,373$25,117,279$271,674,679
92$454,155,560$51,228,522$25,861,367$298,103,091
93$500,379,020$53,638,311$26,627,315$327,170,095
94$551,314,109$56,163,018$27,415,759$359,142,207
95$607,441,315$58,808,173$28,227,354$394,313,005
96$669,290,131$61,579,575$29,062,772$433,005,883
97$737,444,055$64,483,305$29,922,705$475,577,087
98$812,546,098$67,525,736$30,807,866$522,419,058
99$895,304,856$70,713,554$31,718,986$573,964,117
100$986,501,198$74,053,765$32,656,818$630,688,530