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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$454,185$450,139$446,192$442,340$438,578$425,049
2 years$224,844$220,656$216,598$212,663$208,847$195,335
3 years$148,407$144,201$140,153$136,255$132,501$119,430
4 years$110,196$106,003$101,996$98,164$94,501$81,971
5 years$87,275$83,108$79,153$75,400$71,838$59,883
6 years$72,000$67,864$63,967$60,298$56,843$45,473
7 years$61,093$56,992$53,157$49,574$46,229$35,443
8 years$52,917$48,853$45,081$41,586$38,351$28,143
9 years$46,561$42,535$38,829$35,422$32,297$22,656
10 years$41,479$37,493$33,852$30,534$27,519$18,430
11 years$37,324$33,377$29,802$26,574$23,667$15,114
12 years$33,864$29,958$26,449$23,309$20,509$12,475
13 years$30,938$27,073$23,630$20,578$17,885$10,350
14 years$28,433$24,609$21,232$18,267$15,677$8,622
15 years$26,263$22,480$19,170$16,291$13,804$7,208
16 years$24,367$20,625$17,380$14,587$12,200$6,042
17 years$22,696$18,995$15,815$13,106$10,817$5,076
18 years$21,211$17,552$14,437$11,811$9,618$4,273
19 years$19,885$16,267$13,217$10,673$8,573$3,603
20 years$18,693$15,116$12,130$9,666$7,657$3,042
21 years$17,615$14,080$11,157$8,773$6,853$2,571
22 years$16,637$13,144$10,283$7,976$6,142$2,175
23 years$15,746$12,293$9,494$7,264$5,514$1,841
24 years$14,930$11,518$8,781$6,625$4,956$1,560
25 years$14,180$10,809$8,133$6,051$4,459$1,322
26 years$13,489$10,158$7,543$5,532$4,017$1,122
27 years$12,850$9,560$7,004$5,064$3,622$952
28 years$12,258$9,009$6,511$4,640$3,268$808
29 years$11,708$8,499$6,059$4,255$2,951$686
30 years$11,196$8,026$5,644$3,905$2,666$582
31 years$10,717$7,587$5,262$3,586$2,411$495
32 years$10,269$7,179$4,909$3,296$2,180$420
33 years$9,850$6,799$4,584$3,031$1,973$357
34 years$9,456$6,444$4,283$2,789$1,787$303
35 years$9,085$6,112$4,004$2,567$1,618$258
36 years$8,735$5,801$3,746$2,364$1,466$219
37 years$8,405$5,510$3,506$2,178$1,329$186
38 years$8,094$5,236$3,283$2,008$1,205$158
39 years$7,799$4,979$3,076$1,851$1,092$135
40 years$7,519$4,737$2,883$1,708$991$114
41 years$7,254$4,509$2,703$1,575$899$97
42 years$7,002$4,294$2,536$1,454$816$83
43 years$6,763$4,092$2,380$1,342$740$70
44 years$6,535$3,900$2,234$1,239$672$60
45 years$6,318$3,719$2,097$1,144$610$51
46 years$6,110$3,548$1,970$1,057$554$43
47 years$5,913$3,386$1,851$977$503$37
48 years$5,724$3,232$1,739$902$457$31
49 years$5,543$3,087$1,635$834$415$27
50 years$5,370$2,949$1,537$771$377$23

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 $4,206 every year, while hoping to spend $39,798 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: 65/13/22 Blend
49$5,500,000$5,500,000$5,500,000$5,500,000
50$6,065,338$5,773,838$5,688,588$6,425,047
51$6,641,658$6,014,412$5,836,811$6,908,110
52$7,275,429$6,265,439$5,988,666$7,430,947
53$7,972,468$6,527,391$6,144,232$8,001,439
54$8,739,186$6,800,760$6,303,590$8,624,266
55$9,582,645$7,086,059$6,466,822$9,304,573
56$10,510,628$7,383,829$6,634,013$10,048,029
57$11,531,706$7,694,631$6,805,248$10,860,870
58$12,655,328$8,019,056$6,980,611$11,749,963
59$13,891,903$8,357,721$7,160,193$12,722,869
60$15,252,898$8,711,270$7,344,080$13,787,911
61$16,750,952$9,080,380$7,532,365$14,954,254
62$18,399,988$9,465,758$7,725,138$16,231,989
63$20,215,349$9,868,143$7,922,493$17,632,228
64$22,213,943$10,288,310$8,124,525$19,167,209
65$24,414,396$10,727,068$8,331,328$20,850,408
66$26,837,237$11,185,267$8,542,999$22,696,666
67$29,505,084$11,663,794$8,759,638$24,722,329
68$32,442,860$12,163,577$8,981,344$26,945,398
69$35,678,029$12,685,590$9,208,216$29,385,701
70$39,240,854$13,230,850$9,440,358$32,065,079
71$43,164,683$13,800,424$9,677,872$35,007,586
72$47,486,263$14,395,426$9,920,862$38,239,722
73$52,246,085$15,017,026$10,169,435$41,790,672
74$57,488,770$15,666,444$10,423,695$45,692,591
75$63,263,487$16,344,962$10,683,751$49,980,897
76$69,624,417$17,053,920$10,949,711$54,694,608
77$76,631,266$17,794,720$11,221,685$59,876,707
78$84,349,826$18,568,832$11,499,782$65,574,548
79$92,852,597$19,377,794$11,784,114$71,840,296
80$102,219,472$20,223,216$12,074,792$78,731,425
81$112,538,490$21,106,786$12,371,929$86,311,252
82$123,906,665$22,030,268$12,675,638$94,649,536
83$136,430,906$22,995,511$12,986,033$103,823,134
84$150,229,021$24,004,454$13,303,227$113,916,721
85$165,430,831$25,059,122$13,627,336$125,023,593
86$182,179,397$26,161,641$13,958,473$137,246,539
87$200,632,368$27,314,234$14,296,754$150,698,812
88$220,963,468$28,519,229$14,642,294$165,505,195
89$243,364,138$29,779,068$14,995,207$181,803,177
90$268,045,342$31,096,304$15,355,608$199,744,246
91$295,239,557$32,473,613$15,723,611$219,495,317
92$325,202,971$33,913,799$16,099,331$241,240,305
93$358,217,895$35,419,797$16,482,880$265,181,857
94$394,595,435$36,994,681$16,874,371$291,543,262
95$434,678,422$38,641,673$17,273,915$320,570,555
96$478,844,653$40,364,147$17,681,623$352,534,839
97$527,510,454$42,165,637$18,097,604$387,734,834
98$581,134,612$44,049,844$18,521,965$426,499,699
99$640,222,703$46,020,648$18,954,812$469,192,132
100$705,331,869$48,082,110$19,396,249$516,211,792