Can I retire at age 50 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$611,085$605,642$600,331$595,148$590,086$582,230
2 years$302,517$296,883$291,423$286,129$280,994$273,091
3 years$199,675$194,016$188,570$183,325$178,274$170,571
4 years$148,264$142,623$137,231$132,076$127,146$119,702
5 years$117,425$111,818$106,497$101,447$96,655$89,491
6 years$96,873$91,308$86,065$81,128$76,480$69,604
7 years$82,198$76,680$71,520$66,700$62,198$55,615
8 years$71,197$65,729$60,655$55,953$51,600$45,307
9 years$62,646$57,229$52,242$47,659$43,454$37,449
10 years$55,808$50,444$45,546$41,083$37,025$31,304
11 years$50,218$44,908$40,098$35,754$31,843$26,399
12 years$45,562$40,307$35,586$31,361$27,594$22,423
13 years$41,626$36,426$31,794$27,687$24,063$19,157
14 years$38,255$33,110$28,567$24,578$21,093$16,445
15 years$35,336$30,246$25,792$21,919$18,572$14,174
16 years$32,785$27,751$23,384$19,626$16,414$12,257
17 years$30,536$25,557$21,279$17,634$14,554$10,630
18 years$28,539$23,616$19,425$15,892$12,941$9,242
19 years$26,754$21,887$17,782$14,360$11,534$8,051
20 years$25,150$20,339$16,320$13,005$10,303$7,026
21 years$23,701$18,945$15,011$11,803$9,220$6,142
22 years$22,385$17,684$13,835$10,732$8,264$5,375
23 years$21,185$16,540$12,774$9,774$7,418$4,710
24 years$20,087$15,496$11,814$8,914$6,668$4,131
25 years$19,078$14,543$10,942$8,141$6,000$3,627
26 years$18,149$13,668$10,148$7,444$5,405$3,186
27 years$17,289$12,863$9,423$6,813$4,873$2,801
28 years$16,493$12,121$8,760$6,242$4,397$2,464
29 years$15,753$11,434$8,152$5,724$3,970$2,169
30 years$15,063$10,799$7,594$5,254$3,587$1,910
31 years$14,419$10,208$7,079$4,825$3,243$1,682
32 years$13,817$9,659$6,605$4,434$2,934$1,482
33 years$13,252$9,147$6,167$4,078$2,655$1,306
34 years$12,722$8,670$5,762$3,752$2,404$1,152
35 years$12,223$8,223$5,387$3,454$2,177$1,016
36 years$11,753$7,805$5,040$3,181$1,973$896
37 years$11,309$7,413$4,717$2,931$1,788$790
38 years$10,890$7,045$4,417$2,701$1,621$697
39 years$10,493$6,699$4,139$2,491$1,470$615
40 years$10,117$6,373$3,879$2,297$1,333$543
41 years$9,760$6,067$3,637$2,120$1,210$479
42 years$9,421$5,778$3,412$1,956$1,098$423
43 years$9,099$5,505$3,202$1,806$996$374
44 years$8,792$5,248$3,005$1,667$904$330
45 years$8,500$5,004$2,822$1,540$821$291
46 years$8,221$4,774$2,650$1,422$745$257
47 years$7,955$4,556$2,490$1,314$677$227
48 years$7,701$4,349$2,340$1,214$615$201
49 years$7,458$4,153$2,199$1,122$558$177
50 years$7,225$3,967$2,068$1,037$507$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,400,000, adding $2,306 every year, while hoping to spend $44,821 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: 51/41/8 Blend
49$7,400,000$7,400,000$7,400,000$7,400,000
50$8,157,179$7,764,979$7,650,279$8,556,484
51$8,941,522$8,097,773$7,858,874$9,161,424
52$9,804,365$8,445,373$8,072,955$9,813,671
53$10,753,670$8,808,455$8,292,658$10,521,638
54$11,798,205$9,187,730$8,518,122$11,290,571
55$12,947,634$9,583,941$8,749,492$12,126,232
56$14,212,604$9,997,866$8,986,911$13,034,952
57$15,604,847$10,430,318$9,230,530$14,023,688
58$17,137,289$10,882,152$9,480,500$15,100,083
59$18,824,174$11,354,258$9,736,978$16,272,539
60$20,681,195$11,847,573$10,000,123$17,550,293
61$22,725,648$12,363,074$10,270,098$18,943,498
62$24,976,585$12,901,787$10,547,068$20,463,318
63$27,455,006$13,464,783$10,831,203$22,122,030
64$30,184,046$14,053,187$11,122,678$23,933,133
65$33,189,200$14,668,174$11,421,669$25,911,478
66$36,498,560$15,310,977$11,728,357$28,073,399
67$40,143,083$15,982,885$12,042,927$30,436,862
68$44,156,880$16,685,249$12,365,567$33,021,637
69$48,577,540$17,419,484$12,696,471$35,849,472
70$53,446,481$18,187,071$13,035,835$38,944,301
71$58,809,346$18,989,561$13,383,860$42,332,459
72$64,716,431$19,828,581$13,740,751$46,042,929
73$71,223,156$20,705,831$14,106,715$50,107,609
74$78,390,596$21,623,094$14,481,968$54,561,607
75$86,286,049$22,582,238$14,866,726$59,443,569
76$94,983,676$23,585,218$15,261,211$64,796,033
77$104,565,199$24,634,081$15,665,650$70,665,829
78$115,120,672$25,730,975$16,080,273$77,104,512
79$126,749,334$26,878,145$16,505,315$84,168,841
80$139,560,539$28,077,947$16,941,016$91,921,309
81$153,674,794$29,332,847$17,387,620$100,430,724
82$169,224,895$30,645,428$17,845,376$109,772,852
83$186,357,176$32,018,396$18,314,539$120,031,121
84$205,232,898$33,454,587$18,795,366$131,297,403
85$226,029,763$34,956,971$19,288,120$143,672,871
86$248,943,596$36,528,660$19,793,069$157,268,943
87$274,190,192$38,172,914$20,310,486$172,208,325
88$302,007,353$39,893,148$20,840,649$188,626,158
89$332,657,132$41,692,941$21,383,840$206,671,285
90$366,428,307$43,576,043$21,940,345$226,507,640
91$403,639,106$45,546,381$22,510,459$248,315,790
92$444,640,213$47,608,071$23,094,477$272,294,620
93$489,818,075$49,765,427$23,692,703$298,663,201
94$539,598,552$52,022,967$24,305,442$327,662,845
95$594,450,938$54,385,426$24,933,008$359,559,366
96$654,892,387$56,857,766$25,575,717$394,645,577
97$721,492,799$59,445,184$26,233,892$433,244,035
98$794,880,197$62,153,131$26,907,860$475,710,072
99$875,746,656$64,987,313$27,597,952$522,435,132
100$964,854,837$67,953,713$28,304,505$573,850,447