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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$478,959$474,692$470,530$466,467$462,500$453,719
2 years$237,108$232,692$228,413$224,263$220,238$211,425
3 years$156,502$152,067$147,798$143,688$139,728$131,159
4 years$116,207$111,785$107,559$103,519$99,655$91,395
5 years$92,036$87,641$83,470$79,512$75,756$67,829
6 years$75,927$71,566$67,456$63,587$59,943$52,357
7 years$64,426$60,101$56,057$52,278$48,750$41,508
8 years$55,803$51,517$47,540$43,855$40,443$33,542
9 years$49,101$44,855$40,947$37,355$34,059$27,495
10 years$43,742$39,538$35,698$32,200$29,020$22,787
11 years$39,360$35,198$31,428$28,024$24,958$19,049
12 years$35,711$31,592$27,892$24,580$21,628$16,035
13 years$32,626$28,550$24,919$21,701$18,860$13,574
14 years$29,984$25,951$22,390$19,264$16,533$11,543
15 years$27,696$23,707$20,215$17,180$14,557$9,854
16 years$25,696$21,750$18,328$15,383$12,865$8,438
17 years$23,933$20,031$16,678$13,821$11,407$7,246
18 years$22,368$18,510$15,225$12,456$10,143$6,236
19 years$20,970$17,155$13,938$11,255$9,040$5,377
20 years$19,712$15,941$12,791$10,193$8,075$4,644
21 years$18,576$14,848$11,765$9,251$7,226$4,016
22 years$17,545$13,860$10,844$8,411$6,477$3,478
23 years$16,605$12,963$10,012$7,660$5,814$3,015
24 years$15,744$12,146$9,260$6,987$5,226$2,615
25 years$14,953$11,398$8,576$6,381$4,703$2,271
26 years$14,225$10,713$7,954$5,834$4,236$1,973
27 years$13,551$10,082$7,386$5,340$3,819$1,715
28 years$12,927$9,500$6,866$4,893$3,446$1,492
29 years$12,347$8,962$6,390$4,487$3,112$1,298
30 years$11,806$8,464$5,952$4,118$2,812$1,130
31 years$11,302$8,001$5,549$3,782$2,542$984
32 years$10,830$7,571$5,177$3,476$2,299$857
33 years$10,387$7,170$4,834$3,196$2,081$746
34 years$9,971$6,795$4,516$2,941$1,884$650
35 years$9,580$6,445$4,222$2,707$1,706$567
36 years$9,212$6,117$3,950$2,493$1,546$494
37 years$8,864$5,810$3,697$2,297$1,401$431
38 years$8,535$5,522$3,462$2,117$1,270$375
39 years$8,224$5,250$3,244$1,952$1,152$327
40 years$7,930$4,995$3,040$1,801$1,045$286
41 years$7,650$4,755$2,851$1,661$948$249
42 years$7,384$4,529$2,674$1,533$860$217
43 years$7,132$4,315$2,509$1,415$781$189
44 years$6,891$4,113$2,355$1,307$709$165
45 years$6,662$3,922$2,212$1,207$643$144
46 years$6,444$3,742$2,077$1,115$584$126
47 years$6,235$3,571$1,952$1,030$530$110
48 years$6,036$3,409$1,834$952$482$96
49 years$5,845$3,255$1,724$880$437$83
50 years$5,663$3,109$1,621$813$397$73

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 $3,160 every year, while hoping to spend $23,205 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: 69/24/7 Blend
49$5,800,000$5,800,000$5,800,000$5,800,000
50$6,394,860$6,087,460$5,997,560$6,828,720
51$7,022,445$6,361,055$6,173,788$7,389,915
52$7,713,267$6,647,279$6,355,142$8,000,447
53$8,473,750$6,946,726$6,541,769$8,667,662
54$9,310,975$7,260,018$6,733,821$9,397,109
55$10,232,744$7,587,808$6,931,453$10,194,898
56$11,247,652$7,930,779$7,134,826$11,067,748
57$12,365,173$8,289,648$7,344,103$12,023,054
58$13,595,745$8,665,164$7,559,454$13,068,954
59$14,950,868$9,058,114$7,781,053$14,214,405
60$16,443,217$9,469,322$8,009,078$15,469,264
61$18,086,757$9,899,652$8,243,715$16,844,381
62$19,896,879$10,350,006$8,485,151$18,351,698
63$21,890,538$10,821,335$8,733,582$20,004,364
64$24,086,422$11,314,630$8,989,206$21,816,851
65$26,505,123$11,830,932$9,252,230$23,805,094
66$29,169,331$12,371,333$9,522,865$25,986,636
67$32,104,049$12,936,975$9,801,327$28,380,793
68$35,336,831$13,529,055$10,087,841$31,008,834
69$38,898,039$14,148,831$10,382,635$33,894,178
70$42,821,132$14,797,616$10,685,946$37,062,615
71$47,142,977$15,476,789$10,998,015$40,542,544
72$51,904,205$16,187,796$11,319,093$44,365,240
73$57,149,586$16,932,150$11,649,435$48,565,146
74$62,928,458$17,711,439$11,989,305$53,180,196
75$69,295,187$18,527,326$12,338,973$58,252,168
76$76,309,686$19,381,555$12,698,718$63,827,077
77$84,037,974$20,275,951$13,068,825$69,955,605
78$92,552,806$21,212,432$13,449,590$76,693,574
79$101,934,355$22,193,003$13,841,313$84,102,476
80$112,270,967$23,219,769$14,244,305$92,250,039
81$123,660,003$24,294,934$14,658,886$101,210,872
82$136,208,748$25,420,810$15,085,384$111,067,159
83$150,035,431$26,599,821$15,524,135$121,909,433
84$165,270,337$27,834,504$15,975,486$133,837,425
85$182,057,039$29,127,523$16,439,793$146,961,001
86$200,553,753$30,481,667$16,917,421$161,401,194
87$220,934,829$31,899,862$17,408,748$177,291,341
88$243,392,399$33,385,173$17,914,158$194,778,335
89$268,138,191$34,940,814$18,434,050$214,024,007
90$295,405,526$36,570,154$18,968,831$235,206,648
91$325,451,523$38,276,724$19,518,920$258,522,686
92$358,559,523$40,064,228$20,084,748$284,188,530
93$395,041,764$41,936,545$20,666,757$312,442,612
94$435,242,333$43,897,745$21,265,403$343,547,623
95$479,540,409$45,952,093$21,881,152$377,792,992
96$528,353,845$48,104,059$22,514,484$415,497,607
97$582,143,111$50,358,331$23,165,893$457,012,816
98$641,415,642$52,719,824$23,835,885$502,725,737
99$706,730,631$55,193,689$24,524,980$553,062,904
100$778,704,303$57,785,327$25,233,714$608,494,279