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%19.1%
1 years$520,248$515,614$511,093$506,680$502,371$483,969
2 years$257,549$252,752$248,103$243,596$239,224$220,890
3 years$169,994$165,176$160,539$156,074$151,774$134,083
4 years$126,225$121,422$116,831$112,443$108,246$91,334
5 years$99,970$95,196$90,666$86,367$82,287$66,198
6 years$82,473$77,735$73,272$69,068$65,111$49,856
7 years$69,980$65,282$60,889$56,785$52,953$38,528
8 years$60,614$55,958$51,639$47,635$43,929$30,322
9 years$53,333$48,722$44,476$40,575$36,995$24,187
10 years$47,512$42,946$38,776$34,976$31,521$19,491
11 years$42,753$38,232$34,137$30,439$27,110$15,830
12 years$38,789$34,315$30,296$26,700$23,493$12,936
13 years$35,438$31,011$27,068$23,572$20,486$10,623
14 years$32,569$28,188$24,320$20,924$17,958$8,758
15 years$30,084$25,750$21,958$18,661$15,812$7,243
16 years$27,911$23,625$19,908$16,709$13,974$6,006
17 years$25,997$21,758$18,116$15,013$12,391$4,991
18 years$24,297$20,106$16,537$13,529$11,017$4,155
19 years$22,777$18,634$15,139$12,225$9,820$3,463
20 years$21,412$17,315$13,894$11,072$8,771$2,891
21 years$20,178$16,128$12,780$10,049$7,849$2,415
22 years$19,057$15,055$11,778$9,136$7,036$2,019
23 years$18,036$14,081$10,875$8,321$6,316$1,689
24 years$17,101$13,193$10,058$7,589$5,677$1,414
25 years$16,242$12,381$9,316$6,931$5,108$1,185
26 years$15,451$11,636$8,640$6,337$4,601$993
27 years$14,719$10,951$8,023$5,801$4,148$832
28 years$14,041$10,319$7,458$5,315$3,743$698
29 years$13,411$9,735$6,940$4,874$3,380$585
30 years$12,824$9,193$6,465$4,473$3,054$491
31 years$12,276$8,691$6,027$4,108$2,761$412
32 years$11,763$8,223$5,623$3,775$2,498$345
33 years$11,282$7,788$5,250$3,472$2,260$290
34 years$10,831$7,381$4,906$3,194$2,047$243
35 years$10,406$7,001$4,586$2,940$1,854$204
36 years$10,006$6,645$4,291$2,708$1,679$171
37 years$9,628$6,311$4,016$2,495$1,522$144
38 years$9,271$5,998$3,761$2,300$1,380$121
39 years$8,933$5,703$3,523$2,121$1,251$101
40 years$8,613$5,426$3,302$1,956$1,135$85
41 years$8,309$5,165$3,097$1,805$1,030$71
42 years$8,021$4,919$2,905$1,665$934$60
43 years$7,746$4,687$2,726$1,537$848$50
44 years$7,485$4,468$2,559$1,419$770$42
45 years$7,236$4,260$2,402$1,311$699$35
46 years$6,999$4,064$2,256$1,211$634$30
47 years$6,773$3,878$2,120$1,119$576$25
48 years$6,556$3,702$1,992$1,034$523$21
49 years$6,349$3,536$1,872$955$475$18
50 years$6,151$3,377$1,760$883$432$15

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 $4,451 every year, while hoping to spend $28,469 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: 43/43/14 Blend
49$6,300,000$6,300,000$6,300,000$6,300,000
50$6,947,191$6,613,291$6,515,641$7,217,482
51$7,625,514$6,907,052$6,703,624$7,701,046
52$8,372,071$7,214,252$6,896,951$8,221,418
53$9,193,793$7,535,521$7,095,770$8,784,549
54$10,098,316$7,871,518$7,300,233$9,394,379
55$11,094,053$8,222,930$7,510,500$10,055,227
56$12,190,274$8,590,482$7,726,730$10,771,835
57$13,397,196$8,974,930$7,949,089$11,549,411
58$14,726,075$9,377,066$8,177,748$12,393,670
59$16,189,314$9,797,722$8,412,882$13,310,889
60$17,800,580$10,237,766$8,654,670$14,307,964
61$19,574,934$10,698,112$8,903,296$15,392,469
62$21,528,971$11,179,713$9,158,951$16,572,726
63$23,680,978$11,683,571$9,421,827$17,857,881
64$26,051,106$12,210,733$9,692,126$19,257,982
65$28,661,558$12,762,298$9,970,051$20,784,078
66$31,536,803$13,339,418$10,255,815$22,448,312
67$34,703,804$13,943,296$10,549,632$24,264,037
68$38,192,272$14,575,198$10,851,724$26,245,933
69$42,034,947$15,236,446$11,162,320$28,410,145
70$46,267,907$15,928,427$11,481,654$30,774,428
71$50,930,910$16,652,596$11,809,965$33,358,312
72$56,067,764$17,410,475$12,147,500$36,183,280
73$61,726,747$18,203,659$12,494,513$39,272,964
74$67,961,059$19,033,822$12,851,263$42,653,367
75$74,829,324$19,902,716$13,218,017$46,353,096
76$82,396,143$20,812,177$13,595,048$50,403,632
77$90,732,706$21,764,130$13,982,638$54,839,617
78$99,917,461$22,760,591$14,381,076$59,699,178
79$110,036,856$23,803,675$14,790,656$65,024,274
80$121,186,156$24,895,596$15,211,684$70,861,091
81$133,470,340$26,038,675$15,644,471$77,260,466
82$147,005,090$27,235,346$16,089,337$84,278,361
83$161,917,890$28,488,159$16,546,610$91,976,383
84$178,349,221$29,799,785$17,016,627$100,422,355
85$196,453,892$31,173,025$17,499,736$109,690,948
86$216,402,502$32,610,816$17,996,289$119,864,377
87$238,383,044$34,116,232$18,506,651$131,033,166
88$262,602,687$35,692,501$19,031,197$143,296,993
89$289,289,728$37,343,000$19,570,309$156,765,618
90$318,695,746$39,071,273$20,124,380$171,559,911
91$351,097,980$40,881,033$20,693,815$187,812,976
92$386,801,943$42,776,173$21,279,027$205,671,400
93$426,144,307$44,760,771$21,880,440$225,296,621
94$469,496,082$46,839,104$22,498,490$246,866,437
95$517,266,117$49,015,655$23,133,625$270,576,673
96$569,904,961$51,295,123$23,786,301$296,643,010
97$627,909,115$53,682,431$24,456,990$325,303,012
98$691,825,718$56,182,744$25,146,173$356,818,344
99$762,257,716$58,801,474$25,854,344$391,477,232
100$839,869,550$61,544,293$26,582,012$429,597,160