Can I retire at age 50 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$767,985$761,144$754,470$747,956$741,595$729,309
2 years$380,191$373,110$366,248$359,594$353,141$340,799
3 years$250,943$243,832$236,987$230,396$224,047$212,033
4 years$186,331$179,242$172,466$165,987$159,792$148,199
5 years$147,575$140,528$133,840$127,494$121,471$110,333
6 years$121,745$114,752$108,163$101,958$96,116$85,444
7 years$103,303$96,368$89,884$83,825$78,168$67,966
8 years$89,478$82,605$76,229$70,319$64,848$55,114
9 years$78,730$71,923$65,656$59,896$54,611$45,340
10 years$70,137$63,396$57,240$51,631$46,532$37,715
11 years$63,111$56,438$50,393$44,934$40,019$31,648
12 years$57,261$50,656$44,723$39,414$34,679$26,743
13 years$52,314$45,778$39,957$34,796$30,241$22,728
14 years$48,077$41,611$35,901$30,888$26,509$19,406
15 years$44,409$38,012$32,414$27,547$23,341$16,635
16 years$41,203$34,876$29,388$24,665$20,629$14,306
17 years$38,376$32,119$26,742$22,162$18,291$12,337
18 years$35,867$29,680$24,412$19,972$16,263$10,663
19 years$33,624$27,507$22,348$18,046$14,496$9,235
20 years$31,608$25,561$20,510$16,344$12,948$8,012
21 years$29,786$23,809$18,865$14,834$11,587$6,961
22 years$28,132$22,225$17,387$13,487$10,386$6,056
23 years$26,625$20,786$16,054$12,283$9,323$5,274
24 years$25,245$19,475$14,847$11,203$8,380$4,597
25 years$23,977$18,277$13,752$10,231$7,541$4,010
26 years$22,809$17,177$12,754$9,355$6,792$3,501
27 years$21,729$16,166$11,843$8,563$6,124$3,058
28 years$20,728$15,233$11,010$7,845$5,526$2,673
29 years$19,797$14,370$10,245$7,194$4,990$2,337
30 years$18,931$13,571$9,543$6,603$4,508$2,044
31 years$18,122$12,829$8,897$6,064$4,076$1,789
32 years$17,365$12,139$8,301$5,573$3,687$1,566
33 years$16,655$11,496$7,751$5,125$3,337$1,371
34 years$15,988$10,896$7,242$4,715$3,021$1,200
35 years$15,361$10,334$6,771$4,341$2,736$1,052
36 years$14,771$9,809$6,334$3,998$2,479$921
37 years$14,213$9,316$5,928$3,683$2,247$807
38 years$13,686$8,854$5,551$3,395$2,037$707
39 years$13,187$8,419$5,201$3,130$1,847$620
40 years$12,715$8,010$4,875$2,887$1,676$543
41 years$12,266$7,625$4,571$2,664$1,520$476
42 years$11,840$7,261$4,288$2,458$1,379$418
43 years$11,435$6,919$4,024$2,269$1,252$366
44 years$11,050$6,595$3,777$2,095$1,136$321
45 years$10,682$6,289$3,546$1,935$1,032$282
46 years$10,332$5,999$3,331$1,788$937$247
47 years$9,998$5,725$3,129$1,651$850$216
48 years$9,678$5,466$2,941$1,526$772$190
49 years$9,372$5,219$2,764$1,410$701$166
50 years$9,080$4,986$2,599$1,304$637$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $9,300,000, adding $5,497 every year, while hoping to spend $51,918 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: 56/31/13 Blend
49$9,300,000$9,300,000$9,300,000$9,300,000
50$10,254,270$9,761,370$9,617,220$10,794,102
51$11,244,965$10,184,437$9,884,157$11,583,591
52$12,334,971$10,626,494$10,158,296$12,436,973
53$13,534,363$11,088,417$10,439,823$13,365,317
54$14,854,242$11,571,123$10,728,930$14,375,796
55$16,306,838$12,075,571$11,025,813$15,476,298
56$17,905,629$12,602,768$11,330,672$16,675,493
57$19,665,465$13,153,765$11,643,711$17,982,916
58$21,602,708$13,729,665$11,965,141$19,409,051
59$23,735,388$14,331,623$12,295,177$20,965,429
60$26,083,371$14,960,846$12,634,039$22,664,732
61$28,668,548$15,618,600$12,981,952$24,520,912
62$31,515,040$16,306,212$13,339,148$26,549,317
63$34,649,428$17,025,070$13,705,863$28,766,833
64$38,100,998$17,776,627$14,082,338$31,192,039
65$41,902,023$18,562,406$14,468,820$33,845,381
66$46,088,068$19,384,002$14,865,564$36,749,358
67$50,698,318$20,243,085$15,272,827$39,928,732
68$55,775,956$21,141,405$15,690,876$43,410,754
69$61,368,564$22,080,795$16,119,982$47,225,423
70$67,528,578$23,063,174$16,560,421$51,405,759
71$74,313,776$24,090,553$17,012,478$55,988,111
72$81,787,829$25,165,038$17,476,444$61,012,494
73$90,020,898$26,288,835$17,952,615$66,522,965
74$99,090,297$27,464,255$18,441,295$72,568,028
75$109,081,224$28,693,720$18,942,795$79,201,090
76$120,087,562$29,979,766$19,457,433$86,480,956
77$132,212,769$31,325,050$19,985,532$94,472,378
78$145,570,849$32,732,355$20,527,425$103,246,663
79$160,287,434$34,204,599$21,083,452$112,882,334
80$176,500,963$35,744,835$21,653,959$123,465,865
81$194,363,995$37,356,266$22,239,300$135,092,492
82$214,044,644$39,042,245$22,839,838$147,867,101
83$235,728,168$40,806,285$23,455,943$161,905,212
84$259,618,718$42,652,069$24,087,994$177,334,057
85$285,941,261$44,583,455$24,736,375$194,293,777
86$314,943,709$46,604,483$25,401,483$212,938,729
87$346,899,254$48,719,390$26,083,720$233,438,938
88$382,108,950$50,932,612$26,783,497$255,981,690
89$420,904,554$53,248,801$27,501,235$280,773,286
90$463,651,654$55,672,828$28,237,362$308,040,982
91$510,753,126$58,209,800$28,992,317$338,035,120
92$562,652,932$60,865,067$29,766,546$371,031,477
93$619,840,312$63,644,237$30,560,507$407,333,860
94$682,854,404$66,553,184$31,374,664$447,276,953
95$752,289,330$69,598,066$32,209,491$491,229,469
96$828,799,807$72,785,337$33,065,475$539,597,612
97$913,107,327$76,121,759$33,943,108$592,828,892
98$1,006,006,968$79,614,418$34,842,896$651,416,343
99$1,108,374,896$83,270,743$35,765,351$715,903,149
100$1,221,176,643$87,098,516$36,710,997$786,887,760