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%16.3%
1 years$520,248$515,614$511,093$506,680$502,371$489,432
2 years$257,549$252,752$248,103$243,596$239,224$226,275
3 years$169,994$165,176$160,539$156,074$151,774$139,218
4 years$126,225$121,422$116,831$112,443$108,246$96,182
5 years$99,970$95,196$90,666$86,367$82,287$70,747
6 years$82,473$77,735$73,272$69,068$65,111$54,107
7 years$69,980$65,282$60,889$56,785$52,953$42,485
8 years$60,614$55,958$51,639$47,635$43,929$33,993
9 years$53,333$48,722$44,476$40,575$36,995$27,582
10 years$47,512$42,946$38,776$34,976$31,521$22,620
11 years$42,753$38,232$34,137$30,439$27,110$18,706
12 years$38,789$34,315$30,296$26,700$23,493$15,573
13 years$35,438$31,011$27,068$23,572$20,486$13,034
14 years$32,569$28,188$24,320$20,924$17,958$10,956
15 years$30,084$25,750$21,958$18,661$15,812$9,243
16 years$27,911$23,625$19,908$16,709$13,974$7,820
17 years$25,997$21,758$18,116$15,013$12,391$6,633
18 years$24,297$20,106$16,537$13,529$11,017$5,638
19 years$22,777$18,634$15,139$12,225$9,820$4,800
20 years$21,412$17,315$13,894$11,072$8,771$4,093
21 years$20,178$16,128$12,780$10,049$7,849$3,494
22 years$19,057$15,055$11,778$9,136$7,036$2,986
23 years$18,036$14,081$10,875$8,321$6,316$2,554
24 years$17,101$13,193$10,058$7,589$5,677$2,186
25 years$16,242$12,381$9,316$6,931$5,108$1,873
26 years$15,451$11,636$8,640$6,337$4,601$1,605
27 years$14,719$10,951$8,023$5,801$4,148$1,376
28 years$14,041$10,319$7,458$5,315$3,743$1,180
29 years$13,411$9,735$6,940$4,874$3,380$1,013
30 years$12,824$9,193$6,465$4,473$3,054$869
31 years$12,276$8,691$6,027$4,108$2,761$746
32 years$11,763$8,223$5,623$3,775$2,498$641
33 years$11,282$7,788$5,250$3,472$2,260$550
34 years$10,831$7,381$4,906$3,194$2,047$473
35 years$10,406$7,001$4,586$2,940$1,854$406
36 years$10,006$6,645$4,291$2,708$1,679$349
37 years$9,628$6,311$4,016$2,495$1,522$300
38 years$9,271$5,998$3,761$2,300$1,380$258
39 years$8,933$5,703$3,523$2,121$1,251$222
40 years$8,613$5,426$3,302$1,956$1,135$190
41 years$8,309$5,165$3,097$1,805$1,030$164
42 years$8,021$4,919$2,905$1,665$934$141
43 years$7,746$4,687$2,726$1,537$848$121
44 years$7,485$4,468$2,559$1,419$770$104
45 years$7,236$4,260$2,402$1,311$699$89
46 years$6,999$4,064$2,256$1,211$634$77
47 years$6,773$3,878$2,120$1,119$576$66
48 years$6,556$3,702$1,992$1,034$523$57
49 years$6,349$3,536$1,872$955$475$49
50 years$6,151$3,377$1,760$883$432$42

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 $3,558 every year, while hoping to spend $22,968 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: 51/39/10 Blend
49$6,300,000$6,300,000$6,300,000$6,300,000
50$6,946,270$6,612,370$6,514,720$7,282,152
51$7,630,352$6,911,938$6,708,525$7,811,300
52$8,383,440$7,225,416$6,908,053$8,383,476
53$9,212,549$7,553,460$7,113,472$9,004,947
54$10,125,409$7,896,759$7,324,952$9,680,357
55$11,130,535$8,256,034$7,542,673$10,414,805
56$12,237,313$8,632,043$7,766,815$11,213,895
57$13,456,083$9,025,577$7,997,568$12,083,782
58$14,798,240$9,437,467$8,235,123$13,031,230
59$16,276,341$9,868,584$8,479,680$14,063,673
60$17,904,222$10,319,838$8,731,443$15,189,280
61$19,697,128$10,792,186$8,990,623$16,417,034
62$21,671,862$11,286,630$9,257,435$17,756,809
63$23,846,936$11,804,219$9,532,103$19,219,462
64$26,242,750$12,346,052$9,814,856$20,816,933
65$28,881,786$12,913,284$10,105,928$22,562,352
66$31,788,814$13,507,121$10,405,563$24,470,161
67$34,991,134$14,128,831$10,714,010$26,556,246
68$38,518,826$14,779,740$11,031,526$28,838,082
69$42,405,038$15,461,239$11,358,374$31,334,896
70$46,686,299$16,174,787$11,694,827$34,067,842
71$51,402,861$16,921,911$12,041,163$37,060,197
72$56,599,080$17,704,212$12,397,669$40,337,576
73$62,323,838$18,523,370$12,764,642$43,928,166
74$68,630,998$19,381,143$13,142,386$47,862,993
75$75,579,917$20,279,377$13,531,214$52,176,203
76$83,236,005$21,220,003$13,931,446$56,905,382
77$91,671,343$22,205,048$14,343,415$62,091,904
78$100,965,362$23,236,637$14,767,461$67,781,315
79$111,205,591$24,316,995$15,203,934$74,023,756
80$122,488,490$25,448,456$15,653,194$80,874,431
81$134,920,352$26,633,467$16,115,612$88,394,117
82$148,618,312$27,874,591$16,591,569$96,649,737
83$163,711,451$29,174,517$17,081,458$105,714,975
84$180,342,013$30,536,062$17,585,681$115,670,972
85$198,666,750$31,962,181$18,104,653$126,607,076
86$218,858,401$33,455,971$18,638,801$138,621,680
87$241,107,321$35,020,676$19,188,564$151,823,142
88$265,623,280$36,659,701$19,754,393$166,330,797
89$292,637,441$38,376,613$20,336,752$182,276,069
90$322,404,546$40,175,153$20,936,118$199,803,708
91$355,205,314$42,059,240$21,552,983$219,073,141
92$391,349,100$44,032,986$22,187,851$240,259,962
93$431,176,806$46,100,701$22,841,242$263,557,584
94$475,064,106$48,266,901$23,513,690$289,179,048
95$523,424,990$50,536,324$24,205,744$317,359,017
96$576,715,671$52,913,936$24,917,968$348,355,982
97$635,438,893$55,404,943$25,650,944$382,454,688
98$700,148,678$58,014,803$26,405,268$419,968,799
99$771,455,554$60,749,239$27,181,556$461,243,851
100$850,032,320$63,614,251$27,980,437$506,660,489