Can I retire at age 50 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$495,474$491,061$486,755$482,552$478,448$471,104
2 years$245,284$240,716$236,289$231,996$227,833$220,451
3 years$161,899$157,311$152,895$148,642$144,546$137,357
4 years$120,214$115,640$111,268$107,088$103,092$96,151
5 years$95,210$90,663$86,349$82,254$78,369$71,696
6 years$78,545$74,033$69,782$65,779$62,010$55,613
7 years$66,647$62,173$57,990$54,081$50,431$44,311
8 years$57,728$53,294$49,180$45,367$41,837$35,995
9 years$50,794$46,402$42,359$38,643$35,233$29,664
10 years$45,250$40,901$36,929$33,310$30,020$24,721
11 years$40,717$36,412$32,512$28,990$25,819$20,783
12 years$36,942$32,681$28,853$25,428$22,374$17,596
13 years$33,751$29,534$25,779$22,449$19,510$14,984
14 years$31,018$26,846$23,162$19,928$17,103$12,820
15 years$28,651$24,524$20,912$17,772$15,059$11,011
16 years$26,582$22,500$18,960$15,913$13,309$9,490
17 years$24,759$20,722$17,253$14,298$11,801$8,201
18 years$23,140$19,148$15,750$12,885$10,492$7,104
19 years$21,693$17,746$14,418$11,643$9,352$6,166
20 years$20,392$16,491$13,232$10,545$8,354$5,361
21 years$19,217$15,360$12,171$9,570$7,475$4,669
22 years$18,150$14,338$11,218$8,701$6,701$4,071
23 years$17,177$13,410$10,357$7,925$6,015$3,553
24 years$16,287$12,565$9,579$7,228$5,406$3,104
25 years$15,469$11,791$8,872$6,601$4,865$2,715
26 years$14,715$11,082$8,228$6,035$4,382$2,376
27 years$14,018$10,429$7,641$5,524$3,951$2,080
28 years$13,373$9,828$7,103$5,061$3,565$1,822
29 years$12,773$9,271$6,610$4,641$3,219$1,597
30 years$12,213$8,756$6,157$4,260$2,909$1,401
31 years$11,691$8,277$5,740$3,912$2,630$1,229
32 years$11,203$7,832$5,355$3,595$2,379$1,078
33 years$10,745$7,417$5,000$3,306$2,153$946
34 years$10,315$7,029$4,672$3,042$1,949$831
35 years$9,911$6,667$4,368$2,800$1,765$730
36 years$9,529$6,328$4,086$2,579$1,599$641
37 years$9,170$6,010$3,825$2,376$1,450$563
38 years$8,830$5,712$3,582$2,190$1,314$495
39 years$8,508$5,432$3,356$2,020$1,192$435
40 years$8,203$5,168$3,145$1,863$1,081$382
41 years$7,914$4,919$2,949$1,719$981$336
42 years$7,639$4,685$2,766$1,586$890$295
43 years$7,378$4,464$2,596$1,464$808$259
44 years$7,129$4,255$2,437$1,352$733$228
45 years$6,892$4,057$2,288$1,248$666$200
46 years$6,666$3,871$2,149$1,153$604$176
47 years$6,450$3,694$2,019$1,065$549$155
48 years$6,244$3,526$1,897$985$498$136
49 years$6,047$3,367$1,783$910$453$120
50 years$5,858$3,217$1,677$841$411$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,000,000, adding $2,755 every year, while hoping to spend $46,496 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: 51/35/14 Blend
49$6,000,000$6,000,000$6,000,000$6,000,000
50$6,614,842$6,296,842$6,203,842$6,926,983
51$7,240,084$6,555,916$6,362,199$7,400,277
52$7,927,543$6,826,126$6,524,303$7,909,420
53$8,683,515$7,107,969$6,690,230$8,461,897
54$9,514,939$7,401,964$6,860,057$9,061,809
55$10,429,457$7,708,655$7,033,864$9,713,662
56$11,435,492$8,028,609$7,211,729$10,422,411
57$12,542,322$8,362,421$7,393,732$11,193,499
58$13,760,173$8,710,714$7,579,956$12,032,915
59$15,100,308$9,074,136$7,770,481$12,947,238
60$16,575,139$9,453,369$7,965,393$13,943,707
61$18,198,343$9,849,124$8,164,773$15,030,282
62$19,984,989$10,262,146$8,368,708$16,215,718
63$21,951,681$10,693,214$8,577,283$17,509,646
64$24,116,715$11,143,143$8,790,584$18,922,659
65$26,500,250$11,612,787$9,008,698$20,466,415
66$29,124,500$12,103,038$9,231,714$22,153,737
67$32,013,941$12,614,830$9,459,719$23,998,739
68$35,195,547$13,149,140$9,692,803$26,016,950
69$38,699,035$13,706,991$9,931,055$28,225,464
70$42,557,157$14,289,453$10,174,565$30,643,090
71$46,805,997$14,897,646$10,423,423$33,290,537
72$51,485,321$15,532,744$10,677,721$36,190,595
73$56,638,948$16,195,972$10,937,548$39,368,356
74$62,315,161$16,888,615$11,202,997$42,851,441
75$68,567,168$17,612,018$11,474,158$46,670,260
76$75,453,600$18,367,587$11,751,122$50,858,295
77$83,039,063$19,156,795$12,033,981$55,452,412
78$91,394,753$19,981,184$12,322,825$60,493,202
79$100,599,124$20,842,368$12,617,746$66,025,364
80$110,738,627$21,742,036$12,918,832$72,098,119
81$121,908,528$22,681,957$13,226,174$78,765,672
82$134,213,808$23,663,983$13,539,861$86,087,715
83$147,770,151$24,690,053$13,859,981$94,129,992
84$162,705,037$25,762,195$14,186,621$102,964,905
85$179,158,944$26,882,537$14,519,866$112,672,201
86$197,286,677$28,053,301$14,859,802$123,339,711
87$217,258,824$29,276,819$15,206,512$135,064,178
88$239,263,371$30,555,530$15,560,077$147,952,161
89$263,507,472$31,891,989$15,920,577$162,121,035
90$290,219,408$33,288,870$16,288,089$177,700,092
91$319,650,737$34,748,974$16,662,690$194,831,752
92$352,078,674$36,275,236$17,044,452$213,672,903
93$387,808,703$37,870,726$17,433,445$234,396,372
94$427,177,462$39,538,663$17,829,737$257,192,547
95$470,555,920$41,282,415$18,233,391$282,271,169
96$518,352,882$43,105,511$18,644,467$309,863,296
97$571,018,842$45,011,647$19,063,023$340,223,483
98$629,050,240$47,004,694$19,489,110$373,632,166
99$692,994,146$49,088,706$19,922,777$410,398,306
100$763,453,425$51,267,928$20,364,066$450,862,292