Can I retire at age 50 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$627,601$622,011$616,556$611,233$606,035$584,067
2 years$310,694$304,907$299,299$293,862$288,588$266,697
3 years$205,072$199,260$193,666$188,280$183,092$161,967
4 years$152,271$146,477$140,940$135,645$130,583$110,383
5 years$120,599$114,840$109,375$104,189$99,267$80,047
6 years$99,491$93,775$88,391$83,320$78,547$60,319
7 years$84,420$78,753$73,453$68,502$63,879$46,641
8 years$73,122$67,505$62,294$57,465$52,994$36,729
9 years$64,339$58,776$53,654$48,947$44,629$29,316
10 years$57,317$51,808$46,777$42,193$38,026$23,638
11 years$51,575$46,121$41,182$36,721$32,704$19,211
12 years$46,794$41,396$36,548$32,209$28,340$15,709
13 years$42,751$37,410$32,653$28,436$24,713$12,909
14 years$39,289$34,005$29,339$25,242$21,663$10,650
15 years$36,291$31,064$26,489$22,511$19,074$8,815
16 years$33,671$28,501$24,016$20,157$16,858$7,315
17 years$31,361$26,248$21,854$18,110$14,947$6,083
18 years$29,310$24,254$19,950$16,321$13,290$5,067
19 years$27,477$22,479$18,263$14,748$11,846$4,227
20 years$25,830$20,888$16,761$13,357$10,581$3,531
21 years$24,341$19,457$15,417$12,122$9,469$2,952
22 years$22,990$18,162$14,209$11,022$8,488$2,470
23 years$21,758$16,987$13,119$10,038$7,619$2,069
24 years$20,630$15,915$12,133$9,155$6,848$1,733
25 years$19,594$14,936$11,238$8,361$6,162$1,453
26 years$18,639$14,037$10,422$7,645$5,551$1,218
27 years$17,757$13,211$9,678$6,997$5,004$1,022
28 years$16,939$12,448$8,997$6,411$4,516$858
29 years$16,179$11,744$8,373$5,879$4,077$720
30 years$15,470$11,091$7,799$5,396$3,684$604
31 years$14,809$10,484$7,271$4,955$3,331$507
32 years$14,190$9,920$6,784$4,554$3,013$426
33 years$13,610$9,395$6,334$4,188$2,727$358
34 years$13,066$8,904$5,918$3,853$2,469$300
35 years$12,553$8,445$5,533$3,547$2,236$252
36 years$12,071$8,016$5,176$3,267$2,026$212
37 years$11,615$7,613$4,845$3,010$1,836$178
38 years$11,184$7,235$4,537$2,774$1,665$150
39 years$10,777$6,880$4,250$2,558$1,510$126
40 years$10,390$6,546$3,984$2,359$1,369$106
41 years$10,024$6,231$3,736$2,177$1,242$89
42 years$9,676$5,934$3,504$2,009$1,127$75
43 years$9,345$5,654$3,288$1,855$1,023$63
44 years$9,030$5,389$3,087$1,712$929$53
45 years$8,730$5,139$2,898$1,581$843$44
46 years$8,443$4,903$2,722$1,461$765$37
47 years$8,170$4,679$2,557$1,350$695$31
48 years$7,909$4,466$2,403$1,247$631$26
49 years$7,659$4,265$2,259$1,153$573$22
50 years$7,420$4,074$2,124$1,065$521$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $7,600,000, adding $2,438 every year, while hoping to spend $28,706 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: 66/10/24 Blend
49$7,600,000$7,600,000$7,600,000$7,600,000
50$8,377,715$7,974,915$7,857,115$8,878,525
51$9,201,699$8,335,143$8,089,785$9,575,978
52$10,108,767$8,712,060$8,329,288$10,334,729
53$11,107,364$9,106,453$8,575,822$11,163,630
54$12,206,794$9,519,148$8,829,590$12,069,586
55$13,417,310$9,951,009$9,090,805$13,060,197
56$14,750,209$10,402,942$9,359,680$14,143,828
57$16,217,940$10,875,897$9,636,440$15,329,689
58$17,834,222$11,370,867$9,921,312$16,627,918
59$19,614,168$11,888,896$10,214,532$18,049,676
60$21,574,437$12,431,075$10,516,342$19,607,253
61$23,733,380$12,998,548$10,826,990$21,314,179
62$26,111,224$13,592,517$11,146,734$23,185,354
63$28,730,255$14,214,236$11,475,835$25,237,185
64$31,615,031$14,865,023$11,814,566$27,487,739
65$34,792,614$15,546,260$12,163,204$29,956,912
66$38,292,826$16,259,391$12,522,036$32,666,618
67$42,148,527$17,005,934$12,891,357$35,640,988
68$46,395,929$17,787,478$13,271,470$38,906,603
69$51,074,937$18,605,687$13,662,687$42,492,737
70$56,229,522$19,462,307$14,065,328$46,431,635
71$61,908,140$20,359,166$14,479,724$50,758,814
72$68,164,188$21,298,184$14,906,212$55,513,395
73$75,056,508$22,281,367$15,345,143$60,738,474
74$82,649,940$23,310,823$15,796,875$66,481,519
75$91,015,940$24,388,759$16,261,776$72,794,825
76$100,233,246$25,517,489$16,740,225$79,735,998
77$110,388,629$26,699,437$17,232,614$87,368,496
78$121,577,705$27,937,146$17,739,343$95,762,233
79$133,905,845$29,233,280$18,260,825$104,994,227
80$147,489,162$30,590,631$18,797,484$115,149,328
81$162,455,612$32,012,128$19,349,755$126,321,017
82$178,946,201$33,500,839$19,918,088$138,612,283
83$197,116,314$35,059,980$20,502,945$152,136,593
84$217,137,183$36,692,924$21,104,798$167,018,959
85$239,197,502$38,403,204$21,724,136$183,397,115
86$263,505,213$40,194,527$22,361,460$201,422,812
87$290,289,462$42,070,775$23,017,285$221,263,250
88$319,802,765$44,036,022$23,692,143$243,102,648
89$352,323,394$46,094,534$24,386,577$267,143,980
90$388,158,002$48,250,787$25,101,148$293,610,891
91$427,644,514$50,509,472$25,836,433$322,749,796
92$471,155,324$52,875,505$26,593,022$354,832,206
93$519,100,805$55,354,043$27,371,527$390,157,288
94$571,933,186$57,950,490$28,172,572$429,054,678
95$630,150,818$60,670,512$28,996,801$471,887,592
96$694,302,884$63,520,049$29,844,876$519,056,247
97$764,994,575$66,505,329$30,717,476$571,001,636
98$842,892,813$69,632,880$31,615,302$628,209,680
99$928,732,537$72,909,549$32,539,072$691,215,815
100$1,023,323,650$76,342,511$33,489,526$760,610,033