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%15.9%
1 years$495,474$491,061$486,755$482,552$478,448$466,882
2 years$245,284$240,716$236,289$231,996$227,833$216,249
3 years$161,899$157,311$152,895$148,642$144,546$133,308
4 years$120,214$115,640$111,268$107,088$103,092$92,285
5 years$95,210$90,663$86,349$82,254$78,369$68,023
6 years$78,545$74,033$69,782$65,779$62,010$52,137
7 years$66,647$62,173$57,990$54,081$50,431$41,031
8 years$57,728$53,294$49,180$45,367$41,837$32,907
9 years$50,794$46,402$42,359$38,643$35,233$26,765
10 years$45,250$40,901$36,929$33,310$30,020$22,005
11 years$40,717$36,412$32,512$28,990$25,819$18,244
12 years$36,942$32,681$28,853$25,428$22,374$15,228
13 years$33,751$29,534$25,779$22,449$19,510$12,779
14 years$31,018$26,846$23,162$19,928$17,103$10,772
15 years$28,651$24,524$20,912$17,772$15,059$9,112
16 years$26,582$22,500$18,960$15,913$13,309$7,732
17 years$24,759$20,722$17,253$14,298$11,801$6,577
18 years$23,140$19,148$15,750$12,885$10,492$5,607
19 years$21,693$17,746$14,418$11,643$9,352$4,788
20 years$20,392$16,491$13,232$10,545$8,354$4,095
21 years$19,217$15,360$12,171$9,570$7,475$3,507
22 years$18,150$14,338$11,218$8,701$6,701$3,006
23 years$17,177$13,410$10,357$7,925$6,015$2,579
24 years$16,287$12,565$9,579$7,228$5,406$2,215
25 years$15,469$11,791$8,872$6,601$4,865$1,903
26 years$14,715$11,082$8,228$6,035$4,382$1,636
27 years$14,018$10,429$7,641$5,524$3,951$1,408
28 years$13,373$9,828$7,103$5,061$3,565$1,211
29 years$12,773$9,271$6,610$4,641$3,219$1,043
30 years$12,213$8,756$6,157$4,260$2,909$898
31 years$11,691$8,277$5,740$3,912$2,630$774
32 years$11,203$7,832$5,355$3,595$2,379$667
33 years$10,745$7,417$5,000$3,306$2,153$574
34 years$10,315$7,029$4,672$3,042$1,949$495
35 years$9,911$6,667$4,368$2,800$1,765$427
36 years$9,529$6,328$4,086$2,579$1,599$368
37 years$9,170$6,010$3,825$2,376$1,450$317
38 years$8,830$5,712$3,582$2,190$1,314$274
39 years$8,508$5,432$3,356$2,020$1,192$236
40 years$8,203$5,168$3,145$1,863$1,081$203
41 years$7,914$4,919$2,949$1,719$981$175
42 years$7,639$4,685$2,766$1,586$890$151
43 years$7,378$4,464$2,596$1,464$808$131
44 years$7,129$4,255$2,437$1,352$733$113
45 years$6,892$4,057$2,288$1,248$666$97
46 years$6,666$3,871$2,149$1,153$604$84
47 years$6,450$3,694$2,019$1,065$549$72
48 years$6,244$3,526$1,897$985$498$62
49 years$6,047$3,367$1,783$910$453$54
50 years$5,858$3,217$1,677$841$411$46

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 $5,072 every year, while hoping to spend $53,088 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: 61/9/30 Blend
49$6,000,000$6,000,000$6,000,000$6,000,000
50$6,617,232$6,299,232$6,206,232$6,966,787
51$7,235,704$6,551,409$6,357,655$7,458,026
52$7,915,482$6,814,163$6,512,372$7,987,899
53$8,662,761$7,087,958$6,670,437$8,565,233
54$9,484,369$7,373,275$6,831,904$9,194,679
55$10,387,829$7,670,619$6,996,827$9,881,359
56$11,381,428$7,980,520$7,165,260$10,630,911
57$12,474,296$8,303,527$7,337,259$11,449,541
58$13,676,493$8,640,219$7,512,876$12,344,084
59$14,999,103$8,991,198$7,692,165$13,322,063
60$16,454,340$9,357,095$7,875,181$14,391,765
61$18,055,658$9,738,568$8,061,975$15,562,315
62$19,817,885$10,136,308$8,252,601$16,843,759
63$21,757,356$10,551,034$8,447,110$18,247,164
64$23,892,072$10,983,500$8,645,554$19,784,717
65$26,241,866$11,434,493$8,847,982$21,469,841
66$28,828,592$11,904,839$9,054,445$23,317,320
67$31,676,331$12,395,399$9,264,992$25,343,438
68$34,811,617$12,907,074$9,479,669$27,566,131
69$38,263,687$13,440,806$9,698,523$30,005,159
70$42,064,759$13,997,581$9,921,600$32,682,284
71$46,250,333$14,578,431$10,148,942$35,621,482
72$50,859,527$15,184,434$10,380,592$38,849,164
73$55,935,446$15,816,719$10,616,589$42,394,425
74$61,525,589$16,476,465$10,856,972$46,289,318
75$67,682,295$17,164,908$11,101,776$50,569,154
76$74,463,239$17,883,339$11,351,036$55,272,838
77$81,931,977$18,633,110$11,604,783$60,443,229
78$90,158,541$19,415,634$11,863,045$66,127,548
79$99,220,103$20,232,392$12,125,848$72,377,819
80$109,201,704$21,084,930$12,393,215$79,251,361
81$120,197,056$21,974,869$12,665,165$86,811,329
82$132,309,421$22,903,903$12,941,714$95,127,303
83$145,652,594$23,873,806$13,222,874$104,275,950
84$160,351,971$24,886,435$13,508,652$114,341,741
85$176,545,732$25,943,731$13,799,052$125,417,749
86$194,386,150$27,047,727$14,094,074$137,606,526
87$214,041,022$28,200,550$14,393,710$151,021,068
88$235,695,257$29,404,428$14,697,950$165,785,882
89$259,552,619$30,661,690$15,006,777$182,038,158
90$285,837,649$31,974,776$15,320,167$199,929,059
91$314,797,789$33,346,239$15,638,092$219,625,154
92$346,705,710$34,778,752$15,960,515$241,309,980
93$381,861,894$36,275,112$16,287,394$265,185,776
94$420,597,463$37,838,249$16,618,677$291,475,392
95$463,277,308$39,471,227$16,954,307$320,424,387
96$510,303,533$41,177,256$17,294,215$352,303,345
97$562,119,249$42,959,697$17,638,327$387,410,428
98$619,212,757$44,822,068$17,986,556$426,074,190
99$682,122,160$46,768,051$18,338,808$468,656,670
100$751,440,438$48,801,503$18,694,975$515,556,815