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%12.9%
1 years$528,506$523,798$519,205$514,722$510,345$504,177
2 years$261,637$256,764$252,041$247,463$243,021$236,814
3 years$172,692$167,798$163,088$158,552$154,183$148,129
4 years$128,228$123,349$118,686$114,228$109,964$104,110
5 years$101,557$96,707$92,105$87,738$83,593$77,956
6 years$83,782$78,969$74,435$70,165$66,144$60,732
7 years$71,090$66,318$61,856$57,686$53,793$48,606
8 years$61,576$56,847$52,458$48,392$44,627$39,666
9 years$54,180$49,495$45,182$41,219$37,582$32,845
10 years$48,267$43,628$39,391$35,531$32,022$27,505
11 years$43,432$38,839$34,679$30,923$27,540$23,239
12 years$39,405$34,860$30,777$27,123$23,865$19,776
13 years$36,001$31,503$27,497$23,946$20,811$16,929
14 years$33,086$28,636$24,706$21,256$18,243$14,561
15 years$30,561$26,159$22,306$18,957$16,062$12,576
16 years$28,354$24,000$20,224$16,974$14,196$10,898
17 years$26,409$22,104$18,403$15,251$12,587$9,472
18 years$24,682$20,425$16,800$13,744$11,192$8,252
19 years$23,139$18,929$15,379$12,419$9,976$7,205
20 years$21,752$17,590$14,114$11,248$8,910$6,302
21 years$20,498$16,384$12,982$10,208$7,974$5,521
22 years$19,360$15,294$11,965$9,282$7,147$4,843
23 years$18,322$14,304$11,048$8,453$6,416$4,253
24 years$17,373$13,402$10,217$7,709$5,767$3,739
25 years$16,500$12,577$9,463$7,041$5,189$3,290
26 years$15,696$11,821$8,777$6,438$4,674$2,898
27 years$14,953$11,125$8,150$5,893$4,214$2,554
28 years$14,264$10,483$7,577$5,399$3,803$2,252
29 years$13,624$9,889$7,051$4,951$3,434$1,987
30 years$13,028$9,339$6,567$4,544$3,103$1,754
31 years$12,471$8,829$6,123$4,173$2,805$1,548
32 years$11,950$8,354$5,712$3,835$2,537$1,368
33 years$11,461$7,911$5,334$3,527$2,296$1,209
34 years$11,003$7,498$4,984$3,245$2,079$1,068
35 years$10,571$7,112$4,659$2,987$1,883$944
36 years$10,165$6,750$4,359$2,751$1,706$835
37 years$9,781$6,411$4,080$2,535$1,546$739
38 years$9,418$6,093$3,820$2,336$1,402$653
39 years$9,075$5,794$3,579$2,154$1,271$578
40 years$8,750$5,512$3,355$1,987$1,153$511
41 years$8,441$5,247$3,146$1,833$1,046$453
42 years$8,148$4,997$2,951$1,692$949$401
43 years$7,869$4,761$2,769$1,562$861$355
44 years$7,604$4,538$2,599$1,442$782$314
45 years$7,351$4,328$2,441$1,332$710$278
46 years$7,110$4,129$2,292$1,230$645$246
47 years$6,880$3,940$2,153$1,137$585$218
48 years$6,660$3,761$2,024$1,050$532$193
49 years$6,450$3,592$1,902$971$483$171
50 years$6,249$3,431$1,788$897$438$151

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 $6,485 every year, while hoping to spend $28,563 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: 42/40/18 Blend
49$6,400,000$6,400,000$6,400,000$6,400,000
50$7,059,489$6,720,289$6,621,089$7,318,511
51$7,749,166$7,019,193$6,812,505$7,801,289
52$8,508,233$7,331,785$7,009,376$8,320,468
53$9,343,737$7,658,707$7,211,854$8,882,084
54$10,263,444$8,000,629$7,420,097$9,490,041
55$11,275,911$8,358,255$7,634,266$10,148,625
56$12,390,565$8,732,321$7,854,525$10,862,538
57$13,617,797$9,123,599$8,081,045$11,636,946
58$14,969,052$9,532,895$8,314,001$12,477,518
59$16,456,947$9,961,058$8,553,571$13,390,481
60$18,095,379$10,408,974$8,799,939$14,382,674
61$19,899,667$10,877,573$9,053,296$15,461,613
62$21,886,686$11,367,827$9,313,834$16,635,553
63$24,075,034$11,880,757$9,581,755$17,913,567
64$26,485,206$12,417,432$9,857,261$19,305,627
65$29,139,782$12,978,971$10,140,564$20,822,694
66$32,063,646$13,566,548$10,431,880$22,476,818
67$35,284,221$14,181,391$10,731,431$24,281,247
68$38,831,722$14,824,790$11,039,445$26,250,550
69$42,739,446$15,498,093$11,356,155$28,400,747
70$47,044,085$16,202,715$11,681,801$30,749,460
71$51,786,072$16,940,138$12,016,631$33,316,071
72$57,009,961$17,711,915$12,360,898$36,121,899
73$62,764,851$18,519,672$12,714,862$39,190,400
74$69,104,845$19,365,115$13,078,789$42,547,383
75$76,089,565$20,250,032$13,452,955$46,221,241
76$83,784,711$21,176,294$13,837,640$50,243,223
77$92,262,684$22,145,865$14,233,133$54,647,716
78$101,603,266$23,160,800$14,639,730$59,472,564
79$111,894,375$24,223,256$15,057,738$64,759,421
80$123,232,896$25,335,490$15,487,467$70,554,134
81$135,725,594$26,499,871$15,929,239$76,907,172
82$149,490,119$27,718,879$16,383,383$83,874,091
83$164,656,121$28,995,115$16,850,237$91,516,053
84$181,366,474$30,331,303$17,330,147$99,900,391
85$199,778,618$31,730,301$17,823,471$109,101,243
86$220,066,053$33,195,102$18,330,573$119,200,234
87$242,419,972$34,728,843$18,851,829$130,287,243
88$267,051,066$36,334,814$19,387,623$142,461,239
89$294,191,517$38,016,462$19,938,350$155,831,202
90$324,097,183$39,777,399$20,504,416$170,517,148
91$357,050,017$41,621,414$21,086,236$186,651,243
92$393,360,731$43,552,476$21,684,237$204,379,039
93$433,371,724$45,574,745$22,298,857$223,860,843
94$477,460,315$47,692,583$22,930,545$245,273,206
95$526,042,311$49,910,563$23,579,761$268,810,584
96$579,575,923$52,233,477$24,246,980$294,687,154
97$638,566,098$54,666,349$24,932,685$323,138,826
98$703,569,285$57,214,444$25,637,374$354,425,448
99$775,198,683$59,883,283$26,361,557$388,833,246
100$854,130,039$62,678,654$27,105,759$426,677,506