Can I retire at age 50 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$520,248$515,614$511,093$506,680$502,371$491,625
2 years$257,549$252,752$248,103$243,596$239,224$228,450
3 years$169,994$165,176$160,539$156,074$151,774$141,308
4 years$126,225$121,422$116,831$112,443$108,246$98,169
5 years$99,970$95,196$90,666$86,367$82,287$72,627
6 years$82,473$77,735$73,272$69,068$65,111$55,879
7 years$69,980$65,282$60,889$56,785$52,953$44,150
8 years$60,614$55,958$51,639$47,635$43,929$35,553
9 years$53,333$48,722$44,476$40,575$36,995$29,039
10 years$47,512$42,946$38,776$34,976$31,521$23,978
11 years$42,753$38,232$34,137$30,439$27,110$19,969
12 years$38,789$34,315$30,296$26,700$23,493$16,744
13 years$35,438$31,011$27,068$23,572$20,486$14,117
14 years$32,569$28,188$24,320$20,924$17,958$11,956
15 years$30,084$25,750$21,958$18,661$15,812$10,164
16 years$27,911$23,625$19,908$16,709$13,974$8,668
17 years$25,997$21,758$18,116$15,013$12,391$7,411
18 years$24,297$20,106$16,537$13,529$11,017$6,350
19 years$22,777$18,634$15,139$12,225$9,820$5,451
20 years$21,412$17,315$13,894$11,072$8,771$4,686
21 years$20,178$16,128$12,780$10,049$7,849$4,035
22 years$19,057$15,055$11,778$9,136$7,036$3,478
23 years$18,036$14,081$10,875$8,321$6,316$3,000
24 years$17,101$13,193$10,058$7,589$5,677$2,591
25 years$16,242$12,381$9,316$6,931$5,108$2,239
26 years$15,451$11,636$8,640$6,337$4,601$1,936
27 years$14,719$10,951$8,023$5,801$4,148$1,674
28 years$14,041$10,319$7,458$5,315$3,743$1,449
29 years$13,411$9,735$6,940$4,874$3,380$1,255
30 years$12,824$9,193$6,465$4,473$3,054$1,087
31 years$12,276$8,691$6,027$4,108$2,761$942
32 years$11,763$8,223$5,623$3,775$2,498$816
33 years$11,282$7,788$5,250$3,472$2,260$707
34 years$10,831$7,381$4,906$3,194$2,047$613
35 years$10,406$7,001$4,586$2,940$1,854$532
36 years$10,006$6,645$4,291$2,708$1,679$461
37 years$9,628$6,311$4,016$2,495$1,522$400
38 years$9,271$5,998$3,761$2,300$1,380$347
39 years$8,933$5,703$3,523$2,121$1,251$301
40 years$8,613$5,426$3,302$1,956$1,135$261
41 years$8,309$5,165$3,097$1,805$1,030$227
42 years$8,021$4,919$2,905$1,665$934$197
43 years$7,746$4,687$2,726$1,537$848$171
44 years$7,485$4,468$2,559$1,419$770$148
45 years$7,236$4,260$2,402$1,311$699$128
46 years$6,999$4,064$2,256$1,211$634$112
47 years$6,773$3,878$2,120$1,119$576$97
48 years$6,556$3,702$1,992$1,034$523$84
49 years$6,349$3,536$1,872$955$475$73
50 years$6,151$3,377$1,760$883$432$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,300,000, adding $3,342 every year, while hoping to spend $28,202 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: 34/39/27 Blend
49$6,300,000$6,300,000$6,300,000$6,300,000
50$6,946,047$6,612,147$6,514,497$7,125,262
51$7,624,537$6,906,136$6,702,726$7,554,379
52$8,371,288$7,213,585$6,896,316$8,014,031
53$9,193,233$7,535,123$7,095,415$8,509,161
54$10,098,010$7,871,412$7,300,179$9,042,943
55$11,094,037$8,223,141$7,510,765$9,618,859
56$12,190,589$8,591,035$7,727,336$10,240,724
57$13,397,885$8,975,852$7,950,058$10,912,725
58$14,727,187$9,378,386$8,179,102$11,639,454
59$16,190,903$9,799,470$8,414,645$12,425,950
60$17,802,707$10,239,976$8,656,868$13,277,743
61$19,577,666$10,700,817$8,905,955$14,200,905
62$21,532,381$11,182,951$9,162,098$15,202,099
63$23,685,148$11,687,379$9,425,493$16,288,647
64$26,056,125$12,215,154$9,696,339$17,468,587
65$28,667,528$12,767,374$9,974,844$18,750,751
66$31,543,835$13,345,194$10,261,221$20,144,841
67$34,712,020$13,949,822$10,555,685$21,661,520
68$38,201,807$14,582,525$10,858,462$23,312,504
69$42,045,951$15,244,628$11,169,780$25,110,673
70$46,280,546$15,937,523$11,489,876$27,070,186
71$50,945,366$16,662,666$11,818,990$29,206,609
72$56,084,240$17,421,583$12,157,373$31,537,057
73$61,745,465$18,215,874$12,505,279$34,080,353
74$67,982,266$19,047,215$12,862,969$36,857,197
75$74,853,292$19,917,363$13,230,713$39,890,357
76$82,423,173$20,828,159$13,608,786$43,204,880
77$90,763,129$21,781,531$13,997,473$46,828,319
78$99,951,643$22,779,501$14,397,064$50,790,988
79$110,075,202$23,824,188$14,807,857$55,126,242
80$121,229,112$24,917,813$15,230,160$59,870,785
81$133,518,397$26,062,701$15,664,286$65,065,006
82$147,058,793$27,261,293$16,110,558$70,753,358
83$161,977,836$28,516,143$16,569,309$76,984,764
84$178,416,073$29,829,931$17,040,877$83,813,075
85$196,528,378$31,205,464$17,525,613$91,297,567
86$216,485,426$32,645,685$18,023,874$99,503,490
87$238,475,294$34,153,678$18,536,029$108,502,679
88$262,705,242$35,732,676$19,062,454$118,374,217
89$289,403,667$37,386,067$19,603,536$129,205,175
90$318,822,259$39,117,403$20,159,673$141,091,421
91$351,238,380$40,930,405$20,731,272$154,138,511
92$386,957,676$42,828,977$21,318,751$168,462,681
93$426,316,970$44,817,208$21,922,540$184,191,922
94$469,687,435$46,899,385$22,543,079$201,467,184
95$517,478,100$49,080,002$23,180,819$220,443,686
96$570,139,714$51,363,769$23,836,224$241,292,371
97$628,168,995$53,755,624$24,509,768$264,201,503
98$692,113,327$56,260,744$25,201,940$289,378,429
99$762,575,920$58,884,554$25,913,238$317,051,520
100$840,221,509$61,632,743$26,644,177$347,472,309