Can I retire at age 50 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$454,185$450,139$446,192$442,340$438,578$423,522
2 years$224,844$220,656$216,598$212,663$208,847$193,832
3 years$148,407$144,201$140,153$136,255$132,501$117,998
4 years$110,196$106,003$101,996$98,164$94,501$80,621
5 years$87,275$83,108$79,153$75,400$71,838$58,618
6 years$72,000$67,864$63,967$60,298$56,843$44,294
7 years$61,093$56,992$53,157$49,574$46,229$34,347
8 years$52,917$48,853$45,081$41,586$38,351$27,128
9 years$46,561$42,535$38,829$35,422$32,297$21,719
10 years$41,479$37,493$33,852$30,534$27,519$17,568
11 years$37,324$33,377$29,802$26,574$23,667$14,324
12 years$33,864$29,958$26,449$23,309$20,509$11,752
13 years$30,938$27,073$23,630$20,578$17,885$9,691
14 years$28,433$24,609$21,232$18,267$15,677$8,023
15 years$26,263$22,480$19,170$16,291$13,804$6,664
16 years$24,367$20,625$17,380$14,587$12,200$5,550
17 years$22,696$18,995$15,815$13,106$10,817$4,632
18 years$21,211$17,552$14,437$11,811$9,618$3,873
19 years$19,885$16,267$13,217$10,673$8,573$3,244
20 years$18,693$15,116$12,130$9,666$7,657$2,720
21 years$17,615$14,080$11,157$8,773$6,853$2,283
22 years$16,637$13,144$10,283$7,976$6,142$1,918
23 years$15,746$12,293$9,494$7,264$5,514$1,612
24 years$14,930$11,518$8,781$6,625$4,956$1,356
25 years$14,180$10,809$8,133$6,051$4,459$1,141
26 years$13,489$10,158$7,543$5,532$4,017$961
27 years$12,850$9,560$7,004$5,064$3,622$809
28 years$12,258$9,009$6,511$4,640$3,268$682
29 years$11,708$8,499$6,059$4,255$2,951$575
30 years$11,196$8,026$5,644$3,905$2,666$484
31 years$10,717$7,587$5,262$3,586$2,411$408
32 years$10,269$7,179$4,909$3,296$2,180$344
33 years$9,850$6,799$4,584$3,031$1,973$290
34 years$9,456$6,444$4,283$2,789$1,787$245
35 years$9,085$6,112$4,004$2,567$1,618$207
36 years$8,735$5,801$3,746$2,364$1,466$174
37 years$8,405$5,510$3,506$2,178$1,329$147
38 years$8,094$5,236$3,283$2,008$1,205$124
39 years$7,799$4,979$3,076$1,851$1,092$105
40 years$7,519$4,737$2,883$1,708$991$88
41 years$7,254$4,509$2,703$1,575$899$74
42 years$7,002$4,294$2,536$1,454$816$63
43 years$6,763$4,092$2,380$1,342$740$53
44 years$6,535$3,900$2,234$1,239$672$45
45 years$6,318$3,719$2,097$1,144$610$38
46 years$6,110$3,548$1,970$1,057$554$32
47 years$5,913$3,386$1,851$977$503$27
48 years$5,724$3,232$1,739$902$457$23
49 years$5,543$3,087$1,635$834$415$19
50 years$5,370$2,949$1,537$771$377$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,500,000, adding $5,283 every year, while hoping to spend $33,414 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: 51/19/30 Blend
49$5,500,000$5,500,000$5,500,000$5,500,000
50$6,066,449$5,774,949$5,689,699$6,324,173
51$6,649,675$6,022,370$5,844,752$6,752,272
52$7,291,270$6,280,794$6,003,879$7,213,785
53$7,997,152$6,550,725$6,167,182$7,715,019
54$8,773,843$6,832,692$6,334,764$8,259,777
55$9,628,527$7,127,246$6,506,730$8,852,240
56$10,569,121$7,434,965$6,683,190$9,497,006
57$11,604,347$7,756,455$6,864,253$10,199,133
58$12,743,818$8,092,349$7,050,033$10,964,183
59$13,998,124$8,443,310$7,240,645$11,798,276
60$15,378,933$8,810,033$7,436,208$12,708,147
61$16,899,105$9,193,245$7,636,841$13,701,204
62$18,572,807$9,593,707$7,842,669$14,785,600
63$20,415,651$10,012,217$8,053,816$15,970,307
64$22,444,841$10,449,609$8,270,412$17,265,200
65$24,679,332$10,906,757$8,492,588$18,681,148
66$27,140,012$11,384,576$8,720,478$20,230,115
67$29,849,898$11,884,026$8,954,220$21,925,269
68$32,834,354$12,406,109$9,193,952$23,781,109
69$36,121,326$12,951,876$9,439,817$25,813,596
70$39,741,613$13,522,429$9,691,962$28,040,304
71$43,729,149$14,118,921$9,950,535$30,480,581
72$48,121,333$14,742,558$10,215,688$33,155,732
73$52,959,371$15,394,605$10,487,576$36,089,218
74$58,288,673$16,076,387$10,766,356$39,306,872
75$64,159,278$16,789,291$11,052,190$42,837,145
76$70,626,328$17,534,770$11,345,242$46,711,366
77$77,750,585$18,314,345$11,645,679$50,964,043
78$85,599,009$19,129,612$11,953,673$55,633,177
79$94,245,384$19,982,239$12,269,397$60,760,625
80$103,771,020$20,873,976$12,593,029$66,392,488
81$114,265,519$21,806,656$12,924,750$72,579,545
82$125,827,617$22,782,197$13,264,744$79,377,728
83$138,566,119$23,802,610$13,613,199$86,848,647
84$152,600,928$24,870,003$13,970,306$95,060,169
85$168,064,171$25,986,581$14,336,259$104,087,053
86$185,101,450$27,154,657$14,711,258$114,011,651
87$203,873,216$28,376,653$15,095,502$124,924,686
88$224,556,281$29,655,106$15,489,199$136,926,101
89$247,345,491$30,992,676$15,892,556$150,125,997
90$272,455,561$32,392,147$16,305,787$164,645,669
91$300,123,104$33,856,438$16,729,107$180,618,748
92$330,608,865$35,388,607$17,162,736$198,192,455
93$364,200,179$36,991,859$17,606,898$217,528,986
94$401,213,687$38,669,550$18,061,819$238,807,041
95$441,998,324$40,425,199$18,527,730$262,223,500
96$486,938,610$42,262,490$19,004,866$287,995,279
97$536,458,283$44,185,288$19,493,464$316,361,371
98$591,024,299$46,197,638$19,993,767$347,585,097
99$651,151,238$48,303,782$20,506,018$381,956,582
100$717,406,162$50,508,166$21,030,467$419,795,489