Can I retire at age 50 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$528,506$523,798$519,205$514,722$510,345$500,655
2 years$261,637$256,764$252,041$247,463$243,021$233,297
3 years$172,692$167,798$163,088$158,552$154,183$144,727
4 years$128,228$123,349$118,686$114,228$109,964$100,850
5 years$101,557$96,707$92,105$87,738$83,593$74,846
6 years$83,782$78,969$74,435$70,165$66,144$57,774
7 years$71,090$66,318$61,856$57,686$53,793$45,801
8 years$61,576$56,847$52,458$48,392$44,627$37,012
9 years$54,180$49,495$45,182$41,219$37,582$30,339
10 years$48,267$43,628$39,391$35,531$32,022$25,144
11 years$43,432$38,839$34,679$30,923$27,540$21,020
12 years$39,405$34,860$30,777$27,123$23,865$17,694
13 years$36,001$31,503$27,497$23,946$20,811$14,978
14 years$33,086$28,636$24,706$21,256$18,243$12,737
15 years$30,561$26,159$22,306$18,957$16,062$10,873
16 years$28,354$24,000$20,224$16,974$14,196$9,311
17 years$26,409$22,104$18,403$15,251$12,587$7,995
18 years$24,682$20,425$16,800$13,744$11,192$6,881
19 years$23,139$18,929$15,379$12,419$9,976$5,933
20 years$21,752$17,590$14,114$11,248$8,910$5,124
21 years$20,498$16,384$12,982$10,208$7,974$4,432
22 years$19,360$15,294$11,965$9,282$7,147$3,838
23 years$18,322$14,304$11,048$8,453$6,416$3,326
24 years$17,373$13,402$10,217$7,709$5,767$2,886
25 years$16,500$12,577$9,463$7,041$5,189$2,506
26 years$15,696$11,821$8,777$6,438$4,674$2,177
27 years$14,953$11,125$8,150$5,893$4,214$1,892
28 years$14,264$10,483$7,577$5,399$3,803$1,646
29 years$13,624$9,889$7,051$4,951$3,434$1,432
30 years$13,028$9,339$6,567$4,544$3,103$1,247
31 years$12,471$8,829$6,123$4,173$2,805$1,085
32 years$11,950$8,354$5,712$3,835$2,537$945
33 years$11,461$7,911$5,334$3,527$2,296$824
34 years$11,003$7,498$4,984$3,245$2,079$718
35 years$10,571$7,112$4,659$2,987$1,883$625
36 years$10,165$6,750$4,359$2,751$1,706$545
37 years$9,781$6,411$4,080$2,535$1,546$475
38 years$9,418$6,093$3,820$2,336$1,402$414
39 years$9,075$5,794$3,579$2,154$1,271$361
40 years$8,750$5,512$3,355$1,987$1,153$315
41 years$8,441$5,247$3,146$1,833$1,046$275
42 years$8,148$4,997$2,951$1,692$949$240
43 years$7,869$4,761$2,769$1,562$861$209
44 years$7,604$4,538$2,599$1,442$782$182
45 years$7,351$4,328$2,441$1,332$710$159
46 years$7,110$4,129$2,292$1,230$645$139
47 years$6,880$3,940$2,153$1,137$585$121
48 years$6,660$3,761$2,024$1,050$532$106
49 years$6,450$3,592$1,902$971$483$92
50 years$6,249$3,431$1,788$897$438$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,400,000, adding $2,397 every year, while hoping to spend $51,020 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: 65/6/29 Blend
49$6,400,000$6,400,000$6,400,000$6,400,000
50$7,055,273$6,716,073$6,616,873$7,459,382
51$7,720,625$6,990,875$6,784,253$8,007,918
52$8,452,134$7,277,433$6,955,530$8,601,403
53$9,256,493$7,576,269$7,130,782$9,249,039
54$10,141,078$7,887,928$7,310,085$9,956,166
55$11,114,013$8,212,981$7,493,518$10,728,664
56$12,184,251$8,552,027$7,681,160$11,573,008
57$13,361,658$8,905,689$7,873,092$12,496,326
58$14,657,099$9,274,620$8,069,393$13,506,468
59$16,082,552$9,659,505$8,270,146$14,612,081
60$17,651,209$10,061,058$8,475,433$15,822,684
61$19,377,609$10,480,026$8,685,336$17,148,764
62$21,277,769$10,917,191$8,899,939$18,601,868
63$23,369,341$11,373,373$9,119,327$20,194,716
64$25,671,772$11,849,427$9,343,582$21,941,319
65$28,206,492$12,346,248$9,572,792$23,857,109
66$30,997,113$12,864,773$9,807,040$25,959,083
67$34,069,656$13,405,984$10,046,412$28,265,967
68$37,452,788$13,970,905$10,290,995$30,798,388
69$41,178,104$14,560,610$10,540,874$33,579,069
70$45,280,413$15,176,223$10,796,136$36,633,041
71$49,798,075$15,818,917$11,056,866$39,987,882
72$54,773,359$16,489,925$11,323,151$43,673,972
73$60,252,842$17,190,531$11,595,078$47,724,781
74$66,287,849$17,922,085$11,872,730$52,177,184
75$72,934,938$18,685,995$12,156,194$57,071,808
76$80,256,429$19,483,737$12,445,555$62,453,413
77$88,321,000$20,316,855$12,740,897$68,371,313
78$97,204,328$21,186,967$13,042,302$74,879,843
79$106,989,804$22,095,763$13,349,854$82,038,870
80$117,769,324$23,045,015$13,663,634$89,914,352
81$129,644,151$24,036,577$13,983,722$98,578,967
82$142,725,876$25,072,390$14,310,197$108,112,792
83$157,137,463$26,154,486$14,643,137$118,604,059
84$173,014,420$27,284,991$14,982,617$130,149,989
85$190,506,067$28,466,132$15,328,712$142,857,702
86$209,776,954$29,700,240$15,681,492$156,845,234
87$231,008,408$30,989,757$16,041,027$172,242,645
88$254,400,248$32,337,238$16,407,384$189,193,245
89$280,172,669$33,745,358$16,780,626$207,854,949
90$308,568,320$35,216,919$17,160,816$228,401,761
91$339,854,596$36,754,855$17,548,010$251,025,419
92$374,326,159$38,362,237$17,942,263$275,937,199
93$412,307,723$40,042,283$18,343,625$303,369,911
94$454,157,116$41,798,360$18,752,142$333,580,094
95$500,268,659$43,633,997$19,167,855$366,850,435
96$551,076,885$45,552,886$19,590,802$403,492,434
97$607,060,647$47,558,896$20,021,013$443,849,346
98$668,747,631$49,656,080$20,458,515$488,299,418
99$736,719,341$51,848,680$20,903,327$537,259,453
100$811,616,588$54,141,140$21,355,463$591,188,749