Can I retire at age 50 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$545,022$540,167$535,431$530,807$526,293$510,469
2 years$269,813$264,788$259,918$255,196$250,616$234,806
3 years$178,088$173,042$168,184$163,506$159,001$143,702
4 years$132,235$127,204$122,395$117,797$113,401$98,730
5 years$104,731$99,729$94,983$90,480$86,206$72,202
6 years$86,400$81,437$76,761$72,357$68,211$54,888
7 years$73,312$68,390$63,789$59,489$55,474$42,830
8 years$63,500$58,623$54,098$49,904$46,021$34,049
9 years$55,873$51,042$46,594$42,507$38,757$27,443
10 years$49,775$44,991$40,622$36,641$33,022$22,352
11 years$44,789$40,053$35,763$31,889$28,400$18,355
12 years$40,637$35,949$31,739$27,971$24,611$15,170
13 years$37,126$32,488$28,356$24,694$21,461$12,602
14 years$34,119$29,530$25,478$21,921$18,813$10,514
15 years$31,516$26,977$23,004$19,549$16,564$8,801
16 years$29,240$24,750$20,856$17,504$14,640$7,388
17 years$27,235$22,794$18,978$15,728$12,981$6,216
18 years$25,454$21,063$17,325$14,174$11,542$5,241
19 years$23,862$19,521$15,860$12,807$10,287$4,425
20 years$22,431$18,140$14,555$11,599$9,189$3,742
21 years$21,139$16,896$13,388$10,527$8,223$3,167
22 years$19,965$15,772$12,339$9,572$7,371$2,684
23 years$18,895$14,751$11,393$8,717$6,616$2,276
24 years$17,915$13,821$10,537$7,950$5,947$1,931
25 years$17,016$12,970$9,759$7,261$5,351$1,640
26 years$16,187$12,190$9,051$6,639$4,820$1,393
27 years$15,420$11,472$8,405$6,077$4,346$1,184
28 years$14,710$10,810$7,813$5,568$3,921$1,006
29 years$14,050$10,198$7,271$5,106$3,541$856
30 years$13,435$9,631$6,773$4,686$3,199$728
31 years$12,861$9,105$6,314$4,303$2,893$619
32 years$12,323$8,615$5,891$3,955$2,617$527
33 years$11,820$8,158$5,500$3,637$2,368$448
34 years$11,347$7,732$5,139$3,346$2,144$382
35 years$10,902$7,334$4,805$3,080$1,942$325
36 years$10,482$6,961$4,495$2,837$1,759$277
37 years$10,087$6,611$4,207$2,614$1,595$235
38 years$9,713$6,283$3,940$2,409$1,446$200
39 years$9,359$5,975$3,691$2,221$1,311$171
40 years$9,023$5,684$3,460$2,049$1,189$145
41 years$8,705$5,411$3,244$1,890$1,079$124
42 years$8,403$5,153$3,043$1,745$979$105
43 years$8,115$4,910$2,856$1,611$888$90
44 years$7,842$4,680$2,680$1,487$806$76
45 years$7,581$4,463$2,517$1,373$732$65
46 years$7,332$4,258$2,364$1,269$665$55
47 years$7,095$4,063$2,221$1,172$604$47
48 years$6,868$3,879$2,087$1,083$548$40
49 years$6,651$3,704$1,962$1,001$498$34
50 years$6,444$3,538$1,844$925$452$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,600,000, adding $2,460 every year, while hoping to spend $26,335 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: 38/48/14 Blend
49$6,600,000$6,600,000$6,600,000$6,600,000
50$7,275,737$6,925,937$6,823,637$7,521,278
51$7,989,842$7,237,288$7,024,209$8,008,155
52$8,775,904$7,563,012$7,230,617$8,531,259
53$9,641,232$7,903,787$7,443,030$9,096,006
54$10,593,886$8,260,320$7,661,619$9,706,151
55$11,642,741$8,633,354$7,886,562$10,365,812
56$12,797,580$9,023,668$8,118,041$11,079,503
57$14,069,182$9,432,077$8,356,245$11,852,176
58$15,469,425$9,859,435$8,601,365$12,689,262
59$17,011,395$10,306,636$8,853,599$13,596,721
60$18,709,515$10,774,619$9,113,153$14,581,096
61$20,579,677$11,264,367$9,380,235$15,649,565
62$22,639,392$11,776,908$9,655,060$16,810,011
63$24,907,956$12,313,323$9,937,851$18,071,090
64$27,406,633$12,874,741$10,228,834$19,442,309
65$30,158,854$13,462,348$10,528,245$20,934,112
66$33,190,439$14,077,385$10,836,323$22,557,969
67$36,529,840$14,721,153$11,153,316$24,326,486
68$40,208,410$15,395,017$11,479,479$26,253,518
69$44,260,700$16,100,404$11,815,073$28,354,288
70$48,724,780$16,838,813$12,160,367$30,645,534
71$53,642,605$17,611,812$12,515,637$33,145,654
72$59,060,407$18,421,047$12,881,167$35,874,877
73$65,029,133$19,268,242$13,257,250$38,855,449
74$71,604,921$20,155,204$13,644,185$42,111,832
75$78,849,640$21,083,825$14,042,281$45,670,930
76$86,831,461$22,056,090$14,451,856$49,562,339
77$95,625,511$23,074,080$14,873,235$53,818,611
78$105,314,578$24,139,975$15,306,753$58,475,562
79$115,989,891$25,256,059$15,752,755$63,572,596
80$127,751,982$26,424,728$16,211,594$69,153,067
81$140,711,637$27,648,493$16,683,635$75,264,687
82$154,990,938$28,929,983$17,169,251$81,959,957
83$170,724,420$30,271,958$17,668,827$89,296,660
84$188,060,335$31,677,309$18,182,758$97,338,390
85$207,162,058$33,149,066$18,711,449$106,155,147
86$228,209,623$34,690,405$19,255,317$115,823,983
87$251,401,426$36,304,657$19,814,792$126,429,715
88$276,956,098$37,995,311$20,390,313$138,065,720
89$305,114,565$39,766,026$20,982,334$150,834,796
90$336,142,327$41,620,638$21,591,319$164,850,123
91$370,331,963$43,563,168$22,217,747$180,236,313
92$408,005,890$45,597,830$22,862,108$197,130,577
93$449,519,410$47,729,042$23,524,908$215,683,998
94$495,264,061$49,961,437$24,206,664$236,062,944
95$545,671,318$52,299,870$24,907,909$258,450,622
96$601,216,660$54,749,431$25,629,192$283,048,786
97$662,424,063$57,315,457$26,371,074$310,079,626
98$729,870,946$60,003,543$27,134,133$339,787,840
99$804,193,618$62,819,552$27,918,962$372,442,930
100$886,093,292$65,769,635$28,726,172$408,341,721