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%17.9%
1 years$545,022$540,167$535,431$530,807$526,293$509,446
2 years$269,813$264,788$259,918$255,196$250,616$233,798
3 years$178,088$173,042$168,184$163,506$159,001$142,740
4 years$132,235$127,204$122,395$117,797$113,401$97,822
5 years$104,731$99,729$94,983$90,480$86,206$71,350
6 years$86,400$81,437$76,761$72,357$68,211$54,092
7 years$73,312$68,390$63,789$59,489$55,474$42,089
8 years$63,500$58,623$54,098$49,904$46,021$33,361
9 years$55,873$51,042$46,594$42,507$38,757$26,807
10 years$49,775$44,991$40,622$36,641$33,022$21,766
11 years$44,789$40,053$35,763$31,889$28,400$17,816
12 years$40,637$35,949$31,739$27,971$24,611$14,675
13 years$37,126$32,488$28,356$24,694$21,461$12,151
14 years$34,119$29,530$25,478$21,921$18,813$10,101
15 years$31,516$26,977$23,004$19,549$16,564$8,426
16 years$29,240$24,750$20,856$17,504$14,640$7,048
17 years$27,235$22,794$18,978$15,728$12,981$5,909
18 years$25,454$21,063$17,325$14,174$11,542$4,963
19 years$23,862$19,521$15,860$12,807$10,287$4,175
20 years$22,431$18,140$14,555$11,599$9,189$3,516
21 years$21,139$16,896$13,388$10,527$8,223$2,965
22 years$19,965$15,772$12,339$9,572$7,371$2,503
23 years$18,895$14,751$11,393$8,717$6,616$2,114
24 years$17,915$13,821$10,537$7,950$5,947$1,787
25 years$17,016$12,970$9,759$7,261$5,351$1,511
26 years$16,187$12,190$9,051$6,639$4,820$1,278
27 years$15,420$11,472$8,405$6,077$4,346$1,082
28 years$14,710$10,810$7,813$5,568$3,921$916
29 years$14,050$10,198$7,271$5,106$3,541$776
30 years$13,435$9,631$6,773$4,686$3,199$657
31 years$12,861$9,105$6,314$4,303$2,893$557
32 years$12,323$8,615$5,891$3,955$2,617$472
33 years$11,820$8,158$5,500$3,637$2,368$400
34 years$11,347$7,732$5,139$3,346$2,144$339
35 years$10,902$7,334$4,805$3,080$1,942$287
36 years$10,482$6,961$4,495$2,837$1,759$244
37 years$10,087$6,611$4,207$2,614$1,595$207
38 years$9,713$6,283$3,940$2,409$1,446$175
39 years$9,359$5,975$3,691$2,221$1,311$148
40 years$9,023$5,684$3,460$2,049$1,189$126
41 years$8,705$5,411$3,244$1,890$1,079$107
42 years$8,403$5,153$3,043$1,745$979$91
43 years$8,115$4,910$2,856$1,611$888$77
44 years$7,842$4,680$2,680$1,487$806$65
45 years$7,581$4,463$2,517$1,373$732$55
46 years$7,332$4,258$2,364$1,269$665$47
47 years$7,095$4,063$2,221$1,172$604$40
48 years$6,868$3,879$2,087$1,083$548$34
49 years$6,651$3,704$1,962$1,001$498$29
50 years$6,444$3,538$1,844$925$452$24

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 $3,965 every year, while hoping to spend $56,261 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: 58/35/7 Blend
49$6,600,000$6,600,000$6,600,000$6,600,000
50$7,277,290$6,927,490$6,825,190$7,688,227
51$7,959,712$7,207,076$6,993,972$8,244,295
52$8,709,856$7,498,475$7,166,524$8,843,376
53$9,534,569$7,802,209$7,342,910$9,494,929
54$10,441,397$8,118,819$7,523,200$10,203,981
55$11,438,652$8,448,873$7,707,459$10,976,059
56$12,535,492$8,792,966$7,895,757$11,817,239
57$13,742,008$9,151,717$8,088,160$12,734,204
58$15,069,317$9,525,775$8,284,738$13,734,302
59$16,529,669$9,915,820$8,485,558$14,825,618
60$18,136,560$10,322,560$8,690,689$16,017,044
61$19,904,862$10,746,737$8,900,199$17,318,361
62$21,850,958$11,189,128$9,114,157$18,740,333
63$23,992,905$11,650,544$9,332,630$20,294,803
64$26,350,594$12,131,834$9,555,686$21,994,801
65$28,945,945$12,633,884$9,783,392$23,854,669
66$31,803,111$13,157,625$10,015,816$25,890,190
67$34,948,706$13,704,026$10,253,023$28,118,737
68$38,412,054$14,274,103$10,495,079$30,559,429
69$42,225,469$14,868,920$10,742,050$33,233,317
70$46,424,557$15,489,587$10,993,999$36,163,570
71$51,048,553$16,137,267$11,250,989$39,375,699
72$56,140,690$16,813,178$11,513,081$42,897,787
73$61,748,609$17,518,592$11,780,338$46,760,756
74$67,924,804$18,254,840$12,052,816$50,998,652
75$74,727,123$19,023,317$12,330,575$55,648,966
76$82,219,310$19,825,479$12,613,669$60,752,978
77$90,471,605$20,662,853$12,902,153$66,356,150
78$99,561,411$21,537,035$13,196,077$72,508,542
79$109,574,021$22,449,696$13,495,491$79,265,289
80$120,603,423$23,402,583$13,800,443$86,687,109
81$132,753,190$24,397,527$14,110,974$94,840,878
82$146,137,451$25,436,442$14,427,128$103,800,248
83$160,881,975$26,521,332$14,748,941$113,646,345
84$177,125,353$27,654,294$15,076,448$124,468,523
85$195,020,309$28,837,524$15,409,678$136,365,206
86$214,735,138$30,073,320$15,748,659$149,444,808
87$236,455,296$31,364,086$16,093,413$163,826,749
88$260,385,151$32,712,341$16,443,958$179,642,580
89$286,749,910$34,120,720$16,800,305$197,037,214
90$315,797,748$35,591,982$17,162,462$216,170,286
91$347,802,145$37,129,016$17,530,430$237,217,656
92$383,064,470$38,734,844$17,904,206$260,373,057
93$421,916,828$40,412,633$18,283,779$285,849,919
94$464,725,189$42,165,697$18,669,130$313,883,372
95$511,892,847$43,997,505$19,060,235$344,732,459
96$563,864,226$45,911,692$19,457,062$378,682,568
97$621,129,073$47,912,060$19,859,569$416,048,120
98$684,227,080$50,002,593$20,267,706$457,175,526
99$753,752,984$52,187,461$20,681,416$502,446,445
100$830,362,174$54,471,033$21,100,629$552,281,373