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%13.2%
1 years$454,185$450,139$446,192$442,340$438,578$432,739
2 years$224,844$220,656$216,598$212,663$208,847$202,973
3 years$148,407$144,201$140,153$136,255$132,501$126,776
4 years$110,196$106,003$101,996$98,164$94,501$88,968
5 years$87,275$83,108$79,153$75,400$71,838$66,513
6 years$72,000$67,864$63,967$60,298$56,843$51,733
7 years$61,093$56,992$53,157$49,574$46,229$41,335
8 years$52,917$48,853$45,081$41,586$38,351$33,674
9 years$46,561$42,535$38,829$35,422$32,297$27,834
10 years$41,479$37,493$33,852$30,534$27,519$23,266
11 years$37,324$33,377$29,802$26,574$23,667$19,621
12 years$33,864$29,958$26,449$23,309$20,509$16,666
13 years$30,938$27,073$23,630$20,578$17,885$14,238
14 years$28,433$24,609$21,232$18,267$15,677$12,222
15 years$26,263$22,480$19,170$16,291$13,804$10,534
16 years$24,367$20,625$17,380$14,587$12,200$9,110
17 years$22,696$18,995$15,815$13,106$10,817$7,901
18 years$21,211$17,552$14,437$11,811$9,618$6,869
19 years$19,885$16,267$13,217$10,673$8,573$5,984
20 years$18,693$15,116$12,130$9,666$7,657$5,222
21 years$17,615$14,080$11,157$8,773$6,853$4,565
22 years$16,637$13,144$10,283$7,976$6,142$3,995
23 years$15,746$12,293$9,494$7,264$5,514$3,501
24 years$14,930$11,518$8,781$6,625$4,956$3,071
25 years$14,180$10,809$8,133$6,051$4,459$2,696
26 years$13,489$10,158$7,543$5,532$4,017$2,368
27 years$12,850$9,560$7,004$5,064$3,622$2,082
28 years$12,258$9,009$6,511$4,640$3,268$1,831
29 years$11,708$8,499$6,059$4,255$2,951$1,612
30 years$11,196$8,026$5,644$3,905$2,666$1,419
31 years$10,717$7,587$5,262$3,586$2,411$1,250
32 years$10,269$7,179$4,909$3,296$2,180$1,102
33 years$9,850$6,799$4,584$3,031$1,973$971
34 years$9,456$6,444$4,283$2,789$1,787$856
35 years$9,085$6,112$4,004$2,567$1,618$755
36 years$8,735$5,801$3,746$2,364$1,466$666
37 years$8,405$5,510$3,506$2,178$1,329$587
38 years$8,094$5,236$3,283$2,008$1,205$518
39 years$7,799$4,979$3,076$1,851$1,092$457
40 years$7,519$4,737$2,883$1,708$991$404
41 years$7,254$4,509$2,703$1,575$899$356
42 years$7,002$4,294$2,536$1,454$816$315
43 years$6,763$4,092$2,380$1,342$740$278
44 years$6,535$3,900$2,234$1,239$672$245
45 years$6,318$3,719$2,097$1,144$610$216
46 years$6,110$3,548$1,970$1,057$554$191
47 years$5,913$3,386$1,851$977$503$169
48 years$5,724$3,232$1,739$902$457$149
49 years$5,543$3,087$1,635$834$415$132
50 years$5,370$2,949$1,537$771$377$116

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 $3,639 every year, while hoping to spend $26,852 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: 64/21/15 Blend
49$5,500,000$5,500,000$5,500,000$5,500,000
50$6,064,754$5,773,254$5,688,004$6,430,620
51$6,654,788$6,027,573$5,849,981$6,930,499
52$7,304,106$6,293,454$6,016,486$7,472,906
53$8,018,727$6,571,434$6,187,639$8,064,757
54$8,805,280$6,862,078$6,363,569$8,710,875
55$9,671,075$7,165,976$6,544,405$9,416,562
56$10,624,162$7,483,746$6,730,279$10,187,654
57$11,673,413$7,816,036$6,921,330$11,030,572
58$12,828,604$8,163,524$7,117,697$11,952,382
59$14,100,505$8,526,921$7,319,524$12,960,860
60$15,500,988$8,906,971$7,526,959$14,064,564
61$17,043,129$9,304,454$7,740,153$15,272,914
62$18,741,342$9,720,186$7,959,262$16,596,277
63$20,611,507$10,155,023$8,184,445$18,046,068
64$22,671,123$10,609,861$8,415,866$19,634,852
65$24,939,473$11,085,640$8,653,693$21,376,461
66$27,437,805$11,583,342$8,898,098$23,286,124
67$30,189,535$12,103,999$9,149,257$25,380,611
68$33,220,462$12,648,690$9,407,352$27,678,383
69$36,559,019$13,218,546$9,672,569$30,199,772
70$40,236,536$13,814,752$9,945,097$32,967,165
71$44,287,538$14,438,549$10,225,133$36,005,216
72$48,750,068$15,091,240$10,512,876$39,341,072
73$53,666,051$15,774,186$10,808,533$43,004,636
74$59,081,682$16,488,816$11,112,313$47,028,836
75$65,047,872$17,236,626$11,424,434$51,449,940
76$71,620,719$18,019,184$11,745,116$56,307,893
77$78,862,042$18,838,134$12,074,587$61,646,693
78$86,839,964$19,695,196$12,413,080$67,514,802
79$95,629,555$20,592,175$12,760,832$73,965,598
80$105,313,539$21,530,962$13,118,090$81,057,881
81$115,983,078$22,513,537$13,485,104$88,856,419
82$127,738,628$23,541,976$13,862,131$97,432,561
83$140,690,890$24,618,455$14,249,434$106,864,901
84$154,961,855$25,745,253$14,647,284$117,240,022
85$170,685,954$26,924,760$15,055,958$128,653,304
86$188,011,327$28,159,479$15,475,739$141,209,825
87$207,101,224$29,452,035$15,906,918$155,025,343
88$228,135,542$30,805,178$16,349,792$170,227,388
89$251,312,525$32,221,789$16,804,668$186,956,462
90$276,850,635$33,704,890$17,271,857$205,367,354
91$304,990,617$35,257,646$17,751,681$225,630,605
92$335,997,764$36,883,376$18,244,467$247,934,103
93$370,164,432$38,585,557$18,750,552$272,484,858
94$407,812,788$40,367,833$19,270,280$299,510,946
95$449,297,861$42,234,026$19,804,004$329,263,658
96$495,010,890$44,188,140$20,352,084$362,019,865
97$545,383,014$46,234,372$20,914,892$398,084,622
98$600,889,346$48,377,121$21,492,806$437,794,048
99$662,053,458$50,620,998$22,086,213$481,518,481
100$729,452,321$52,970,838$22,695,512$529,665,976