Can I retire at age 50 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$478,959$474,692$470,530$466,467$462,500$447,875
2 years$237,108$232,692$228,413$224,263$220,238$205,636
3 years$156,502$152,067$147,798$143,688$139,728$125,607
4 years$116,207$111,785$107,559$103,519$99,655$86,123
5 years$92,036$87,641$83,470$79,512$75,756$62,850
6 years$75,927$71,566$67,456$63,587$59,943$47,674
7 years$64,426$60,101$56,057$52,278$48,750$37,117
8 years$55,803$51,517$47,540$43,855$40,443$29,437
9 years$49,101$44,855$40,947$37,355$34,059$23,669
10 years$43,742$39,538$35,698$32,200$29,020$19,230
11 years$39,360$35,198$31,428$28,024$24,958$15,750
12 years$35,711$31,592$27,892$24,580$21,628$12,982
13 years$32,626$28,550$24,919$21,701$18,860$10,756
14 years$29,984$25,951$22,390$19,264$16,533$8,948
15 years$27,696$23,707$20,215$17,180$14,557$7,470
16 years$25,696$21,750$18,328$15,383$12,865$6,252
17 years$23,933$20,031$16,678$13,821$11,407$5,245
18 years$22,368$18,510$15,225$12,456$10,143$4,409
19 years$20,970$17,155$13,938$11,255$9,040$3,712
20 years$19,712$15,941$12,791$10,193$8,075$3,129
21 years$18,576$14,848$11,765$9,251$7,226$2,640
22 years$17,545$13,860$10,844$8,411$6,477$2,230
23 years$16,605$12,963$10,012$7,660$5,814$1,885
24 years$15,744$12,146$9,260$6,987$5,226$1,595
25 years$14,953$11,398$8,576$6,381$4,703$1,350
26 years$14,225$10,713$7,954$5,834$4,236$1,143
27 years$13,551$10,082$7,386$5,340$3,819$968
28 years$12,927$9,500$6,866$4,893$3,446$820
29 years$12,347$8,962$6,390$4,487$3,112$695
30 years$11,806$8,464$5,952$4,118$2,812$589
31 years$11,302$8,001$5,549$3,782$2,542$500
32 years$10,830$7,571$5,177$3,476$2,299$424
33 years$10,387$7,170$4,834$3,196$2,081$360
34 years$9,971$6,795$4,516$2,941$1,884$305
35 years$9,580$6,445$4,222$2,707$1,706$259
36 years$9,212$6,117$3,950$2,493$1,546$220
37 years$8,864$5,810$3,697$2,297$1,401$186
38 years$8,535$5,522$3,462$2,117$1,270$158
39 years$8,224$5,250$3,244$1,952$1,152$134
40 years$7,930$4,995$3,040$1,801$1,045$114
41 years$7,650$4,755$2,851$1,661$948$97
42 years$7,384$4,529$2,674$1,533$860$82
43 years$7,132$4,315$2,509$1,415$781$70
44 years$6,891$4,113$2,355$1,307$709$59
45 years$6,662$3,922$2,212$1,207$643$50
46 years$6,444$3,742$2,077$1,115$584$43
47 years$6,235$3,571$1,952$1,030$530$36
48 years$6,036$3,409$1,834$952$482$31
49 years$5,845$3,255$1,724$880$437$26
50 years$5,663$3,109$1,621$813$397$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,800,000, adding $2,930 every year, while hoping to spend $49,013 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: 46/34/20 Blend
49$5,800,000$5,800,000$5,800,000$5,800,000
50$6,394,622$6,087,222$5,997,322$6,652,065
51$6,994,724$6,333,347$6,146,083$7,078,678
52$7,654,394$6,589,889$6,298,185$7,536,130
53$8,379,656$6,857,306$6,453,687$8,031,419
54$9,177,146$7,136,080$6,612,651$8,568,091
55$10,054,178$7,426,711$6,775,138$9,150,044
56$11,018,807$7,729,722$6,941,208$9,781,564
57$12,079,910$8,045,664$7,110,923$10,467,357
58$13,247,267$8,375,107$7,284,345$11,212,598
59$14,531,653$8,718,653$7,461,536$12,022,977
60$15,944,941$9,076,926$7,642,557$12,904,748
61$17,500,213$9,450,584$7,827,471$13,864,789
62$19,211,883$9,840,310$8,016,339$14,910,665
63$21,095,833$10,246,823$8,209,224$16,050,696
64$23,169,562$10,670,872$8,406,187$17,294,031
65$25,452,353$11,113,240$8,607,290$18,650,740
66$27,965,453$11,574,749$8,812,594$20,131,897
67$30,732,273$12,056,255$9,022,160$21,749,688
68$33,778,611$12,558,658$9,236,049$23,517,525
69$37,132,892$13,082,895$9,454,319$25,450,164
70$40,826,439$13,629,949$9,677,031$27,563,845
71$44,893,766$14,200,847$9,904,242$29,876,444
72$49,372,906$14,796,664$10,136,010$32,407,635
73$54,305,768$15,418,526$10,372,392$35,179,076
74$59,738,532$16,067,610$10,613,442$38,214,608
75$65,722,085$16,745,145$10,859,216$41,540,478
76$72,312,503$17,452,423$11,109,764$45,185,582
77$79,571,577$18,190,789$11,365,140$49,181,734
78$87,567,396$18,961,657$11,625,391$53,563,965
79$96,374,994$19,766,502$11,890,565$58,370,847
80$106,077,053$20,606,870$12,160,708$63,644,853
81$116,764,683$21,484,377$12,435,863$69,432,757
82$128,538,287$22,400,717$12,716,070$75,786,066
83$141,508,501$23,357,662$13,001,367$82,761,504
84$155,797,246$24,357,065$13,291,791$90,421,543
85$171,538,871$25,400,867$13,587,372$98,834,988
86$188,881,427$26,491,101$13,888,140$108,077,619
87$207,988,060$27,629,892$14,194,120$118,232,903
88$229,038,552$28,819,466$14,505,333$129,392,772
89$252,231,019$30,062,155$14,821,796$141,658,491
90$277,783,779$31,360,397$15,143,523$155,141,604
91$305,937,415$32,716,747$15,470,521$169,964,978
92$336,957,042$34,133,878$15,802,794$186,263,962
93$371,134,812$35,614,590$16,140,340$204,187,650
94$408,792,672$37,161,814$16,483,150$223,900,288
95$450,285,399$38,778,618$16,831,210$245,582,813
96$496,003,955$40,468,215$17,184,501$269,434,553
97$546,379,171$42,233,970$17,542,995$295,675,098
98$601,885,818$44,079,406$17,906,656$324,546,370
99$663,047,086$46,008,211$18,275,444$356,314,892
100$730,439,524$48,024,249$18,649,306$391,274,296