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

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 $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%17.4%
1 years$495,474$491,061$486,755$482,552$478,448$464,062
2 years$245,284$240,716$236,289$231,996$227,833$213,460
3 years$161,899$157,311$152,895$148,642$144,546$130,638
4 years$120,214$115,640$111,268$107,088$103,092$89,754
5 years$95,210$90,663$86,349$82,254$78,369$65,638
6 years$78,545$74,033$69,782$65,779$62,010$49,898
7 years$66,647$62,173$57,990$54,081$50,431$38,937
8 years$57,728$53,294$49,180$45,367$41,837$30,954
9 years$50,794$46,402$42,359$38,643$35,233$24,948
10 years$45,250$40,901$36,929$33,310$30,020$20,320
11 years$40,717$36,412$32,512$28,990$25,819$16,686
12 years$36,942$32,681$28,853$25,428$22,374$13,791
13 years$33,751$29,534$25,779$22,449$19,510$11,457
14 years$31,018$26,846$23,162$19,928$17,103$9,558
15 years$28,651$24,524$20,912$17,772$15,059$8,001
16 years$26,582$22,500$18,960$15,913$13,309$6,716
17 years$24,759$20,722$17,253$14,298$11,801$5,651
18 years$23,140$19,148$15,750$12,885$10,492$4,764
19 years$21,693$17,746$14,418$11,643$9,352$4,023
20 years$20,392$16,491$13,232$10,545$8,354$3,402
21 years$19,217$15,360$12,171$9,570$7,475$2,879
22 years$18,150$14,338$11,218$8,701$6,701$2,440
23 years$17,177$13,410$10,357$7,925$6,015$2,069
24 years$16,287$12,565$9,579$7,228$5,406$1,756
25 years$15,469$11,791$8,872$6,601$4,865$1,491
26 years$14,715$11,082$8,228$6,035$4,382$1,266
27 years$14,018$10,429$7,641$5,524$3,951$1,076
28 years$13,373$9,828$7,103$5,061$3,565$915
29 years$12,773$9,271$6,610$4,641$3,219$778
30 years$12,213$8,756$6,157$4,260$2,909$662
31 years$11,691$8,277$5,740$3,912$2,630$563
32 years$11,203$7,832$5,355$3,595$2,379$479
33 years$10,745$7,417$5,000$3,306$2,153$408
34 years$10,315$7,029$4,672$3,042$1,949$347
35 years$9,911$6,667$4,368$2,800$1,765$295
36 years$9,529$6,328$4,086$2,579$1,599$251
37 years$9,170$6,010$3,825$2,376$1,450$214
38 years$8,830$5,712$3,582$2,190$1,314$182
39 years$8,508$5,432$3,356$2,020$1,192$155
40 years$8,203$5,168$3,145$1,863$1,081$132
41 years$7,914$4,919$2,949$1,719$981$113
42 years$7,639$4,685$2,766$1,586$890$96
43 years$7,378$4,464$2,596$1,464$808$82
44 years$7,129$4,255$2,437$1,352$733$70
45 years$6,892$4,057$2,288$1,248$666$59
46 years$6,666$3,871$2,149$1,153$604$50
47 years$6,450$3,694$2,019$1,065$549$43
48 years$6,244$3,526$1,897$985$498$37
49 years$6,047$3,367$1,783$910$453$31
50 years$5,858$3,217$1,677$841$411$27

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 $3,533 every year, while hoping to spend $29,124 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: 79/14/7 Blend
49$6,000,000$6,000,000$6,000,000$6,000,000
50$6,615,644$6,297,644$6,204,644$7,132,867
51$7,259,452$6,575,241$6,381,512$7,750,027
52$7,967,953$6,865,464$6,563,329$8,422,696
53$8,747,713$7,168,901$6,750,230$9,159,715
54$9,605,971$7,486,168$6,942,353$9,967,483
55$10,550,699$7,817,910$7,139,842$10,853,047
56$11,590,685$8,164,802$7,342,841$11,824,168
57$12,735,609$8,527,552$7,551,500$12,889,387
58$13,996,140$8,906,900$7,765,974$14,058,113
59$15,384,032$9,303,625$7,986,421$15,340,705
60$16,912,239$9,718,537$8,213,001$16,748,569
61$18,595,032$10,152,490$8,445,881$18,294,269
62$20,448,139$10,606,376$8,685,232$19,991,639
63$22,488,889$11,081,129$8,931,227$21,855,918
64$24,736,380$11,577,729$9,184,048$23,903,887
65$27,211,655$12,097,201$9,443,877$26,154,030
66$29,937,900$12,640,620$9,710,904$28,626,704
67$32,940,669$13,209,113$9,985,321$31,344,336
68$36,248,116$13,803,859$10,267,329$34,331,623
69$39,891,269$14,426,093$10,557,130$37,615,775
70$43,904,318$15,077,111$10,854,933$41,226,761
71$48,324,938$15,758,270$11,160,953$45,197,597
72$53,194,647$16,470,990$11,475,410$49,564,650
73$58,559,193$17,216,761$11,798,529$54,367,985
74$64,468,993$17,997,144$12,130,541$59,651,738
75$70,979,599$18,813,773$12,471,684$65,464,531
76$78,152,233$19,668,363$12,822,200$71,859,930
77$86,054,356$20,562,708$13,182,339$78,896,948
78$94,760,309$21,498,689$13,552,356$86,640,601
79$104,352,015$22,478,279$13,932,514$95,162,515
80$114,919,748$23,503,542$14,323,080$104,541,607
81$126,562,991$24,576,644$14,724,332$114,864,821
82$139,391,369$25,699,853$15,136,550$126,227,949
83$153,525,689$26,875,546$15,560,025$138,736,533
84$169,099,076$28,106,215$15,995,053$152,506,857
85$186,258,232$29,394,470$16,441,937$167,667,042
86$205,164,820$30,743,047$16,900,991$184,358,253
87$225,996,991$32,154,815$17,372,533$202,736,029
88$248,951,061$33,632,778$17,856,890$222,971,746
89$274,243,371$35,180,087$18,354,398$245,254,232
90$302,112,325$36,800,041$18,865,400$269,791,545
91$332,820,641$38,496,101$19,390,249$296,812,938
92$366,657,829$40,271,893$19,929,306$326,571,012
93$403,942,930$42,131,218$20,482,940$359,344,100
94$445,027,520$44,078,059$21,051,529$395,438,892
95$490,299,034$46,116,591$21,635,462$435,193,323
96$540,184,421$48,251,190$22,235,137$478,979,758
97$595,154,178$50,486,444$22,850,959$527,208,503
98$655,726,784$52,827,159$23,483,346$580,331,675
99$722,473,602$55,278,377$24,132,725$638,847,462
100$796,024,271$57,845,379$24,799,532$703,304,821