Can I retire at age 50 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$801,017$793,882$786,921$780,126$773,492$759,740
2 years$396,543$389,158$382,000$375,061$368,329$354,522
3 years$261,736$254,319$247,180$240,305$233,683$220,250
4 years$194,346$186,951$179,883$173,126$166,665$153,709
5 years$153,922$146,572$139,597$132,978$126,696$114,255
6 years$126,982$119,687$112,815$106,343$100,250$88,338
7 years$107,746$100,513$93,750$87,431$81,530$70,150
8 years$93,326$86,158$79,507$73,343$67,637$56,786
9 years$82,117$75,016$68,480$62,472$56,960$46,632
10 years$73,154$66,123$59,702$53,852$48,533$38,719
11 years$65,826$58,866$52,561$46,867$41,740$32,429
12 years$59,723$52,835$46,646$41,109$36,171$27,350
13 years$54,564$47,747$41,675$36,293$31,542$23,198
14 years$50,145$43,401$37,446$32,217$27,649$19,768
15 years$46,319$39,647$33,808$28,732$24,345$16,910
16 years$42,975$36,376$30,652$25,726$21,516$14,511
17 years$40,027$33,501$27,892$23,115$19,078$12,487
18 years$37,409$30,956$25,462$20,831$16,963$10,770
19 years$35,070$28,690$23,309$18,823$15,119$9,307
20 years$32,967$26,660$21,392$17,047$13,505$8,056
21 years$31,067$24,833$19,677$15,472$12,085$6,984
22 years$29,342$23,180$18,135$14,067$10,833$6,061
23 years$27,770$21,680$16,744$12,811$9,724$5,266
24 years$26,330$20,313$15,486$11,685$8,740$4,580
25 years$25,008$19,063$14,343$10,671$7,865$3,986
26 years$23,790$17,916$13,302$9,757$7,084$3,471
27 years$22,663$16,861$12,352$8,931$6,387$3,025
28 years$21,619$15,888$11,483$8,183$5,763$2,637
29 years$20,649$14,988$10,686$7,504$5,204$2,300
30 years$19,745$14,155$9,954$6,887$4,702$2,007
31 years$18,901$13,381$9,280$6,325$4,251$1,752
32 years$18,111$12,661$8,658$5,813$3,846$1,530
33 years$17,371$11,990$8,084$5,345$3,480$1,336
34 years$16,676$11,364$7,553$4,918$3,151$1,167
35 years$16,022$10,779$7,062$4,527$2,854$1,020
36 years$15,406$10,231$6,606$4,170$2,586$891
37 years$14,824$9,717$6,183$3,842$2,344$779
38 years$14,275$9,234$5,790$3,541$2,125$681
39 years$13,754$8,781$5,425$3,265$1,927$595
40 years$13,261$8,354$5,085$3,011$1,748$520
41 years$12,794$7,953$4,768$2,778$1,586$455
42 years$12,350$7,574$4,472$2,564$1,439$398
43 years$11,927$7,216$4,197$2,367$1,306$348
44 years$11,525$6,879$3,939$2,186$1,185$304
45 years$11,142$6,559$3,699$2,018$1,076$266
46 years$10,776$6,257$3,474$1,864$977$233
47 years$10,428$5,971$3,264$1,723$887$204
48 years$10,094$5,701$3,067$1,592$806$178
49 years$9,776$5,444$2,883$1,471$732$156
50 years$9,471$5,200$2,710$1,360$665$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $9,700,000, adding $4,098 every year, while hoping to spend $22,294 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: 60/26/14 Blend
49$9,700,000$9,700,000$9,700,000$9,700,000
50$10,693,627$10,179,527$10,029,177$11,297,780
51$11,760,656$10,654,603$10,341,434$12,180,250
52$12,935,776$11,152,211$10,663,404$13,139,601
53$14,229,986$11,673,431$10,995,390$14,185,586
54$15,655,411$12,219,395$11,337,701$15,326,575
55$17,225,409$12,791,292$11,690,661$16,571,771
56$18,954,701$13,390,366$12,054,598$17,931,295
57$20,859,509$14,017,922$12,429,855$19,416,278
58$22,957,707$14,675,328$12,816,783$21,038,962
59$25,268,992$15,364,018$13,215,745$22,812,817
60$27,815,072$16,085,497$13,627,115$24,752,657
61$30,619,863$16,841,341$14,051,277$26,874,783
62$33,709,724$17,633,201$14,488,630$29,197,132
63$37,113,700$18,462,813$14,939,583$31,739,441
64$40,863,798$19,331,991$15,404,560$34,523,427
65$44,995,287$20,242,640$15,883,994$37,572,996
66$49,547,035$21,196,758$16,378,337$40,914,455
67$54,561,871$22,196,438$16,888,049$44,576,761
68$60,086,993$23,243,874$17,413,610$48,591,790
69$66,174,412$24,341,370$17,955,512$52,994,629
70$72,881,442$25,491,336$18,514,261$57,823,907
71$80,271,241$26,696,304$19,090,381$63,122,150
72$88,413,411$27,958,927$19,684,412$68,936,180
73$97,384,649$29,281,984$20,296,910$75,317,549
74$107,269,475$30,668,393$20,928,449$82,323,018
75$118,161,029$32,121,211$21,579,619$90,015,093
76$130,161,948$33,643,645$22,251,030$98,462,599
77$143,385,338$35,239,055$22,943,311$107,741,331
78$157,955,841$36,910,967$23,657,110$117,934,755
79$174,010,808$38,663,076$24,393,095$129,134,796
80$191,701,602$40,499,258$25,151,955$141,442,688
81$211,195,020$42,423,576$25,934,400$154,969,931
82$232,674,872$44,440,291$26,741,162$169,839,327
83$256,343,714$46,553,871$27,572,997$186,186,135
84$282,424,763$48,769,000$28,430,682$204,159,336
85$311,163,999$51,090,592$29,315,020$223,923,028
86$342,832,493$53,523,796$30,226,839$245,657,968
87$377,728,960$56,074,016$31,166,991$269,563,264
88$416,182,585$58,746,914$32,136,357$295,858,244
89$458,556,126$61,548,430$33,135,842$324,784,516
90$505,249,340$64,484,792$34,166,382$356,608,232
91$556,702,758$67,562,531$35,228,940$391,622,592
92$613,401,840$70,788,496$36,324,511$430,150,597
93$675,881,564$74,169,869$37,454,118$472,548,078
94$744,731,471$77,714,180$38,618,818$519,207,048
95$820,601,233$81,429,327$39,819,701$570,559,383
96$904,206,786$85,323,591$41,057,888$627,080,879
97$996,337,088$89,405,657$42,334,538$689,295,734
98$1,097,861,570$93,684,633$43,650,843$757,781,470
99$1,209,738,339$98,170,069$45,008,035$833,174,372
100$1,333,023,227$102,871,980$46,407,382$916,175,471