Can I retire at age 50 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$553,280$548,351$543,543$538,850$534,267$526,066
2 years$273,901$268,800$263,856$259,063$254,413$246,170
3 years$180,787$175,664$170,732$165,984$161,410$153,382
4 years$134,239$129,131$124,249$119,582$115,119$107,368
5 years$106,317$101,241$96,423$91,850$87,512$80,060
6 years$87,709$82,671$77,924$73,454$69,245$62,101
7 years$74,423$69,427$64,755$60,390$56,315$49,481
8 years$64,463$59,511$54,917$50,660$46,718$40,194
9 years$56,720$51,815$47,300$43,151$39,344$33,125
10 years$50,529$45,673$41,238$37,197$33,523$27,605
11 years$45,467$40,660$36,305$32,372$28,831$23,208
12 years$41,252$36,494$32,220$28,395$24,984$19,649
13 years$37,689$32,980$28,786$25,068$21,787$16,732
14 years$34,636$29,978$25,864$22,253$19,098$14,315
15 years$31,994$27,385$23,352$19,846$16,815$12,296
16 years$29,684$25,125$21,172$17,770$14,862$10,597
17 years$27,647$23,140$19,266$15,966$13,177$9,158
18 years$25,839$21,382$17,587$14,388$11,717$7,933
19 years$24,224$19,817$16,100$13,001$10,443$6,886
20 years$22,771$18,415$14,776$11,775$9,328$5,987
21 years$21,459$17,152$13,591$10,687$8,348$5,213
22 years$20,267$16,011$12,526$9,717$7,482$4,546
23 years$19,181$14,975$11,566$8,849$6,717$3,968
24 years$18,187$14,031$10,696$8,071$6,037$3,467
25 years$17,274$13,167$9,907$7,371$5,432$3,031
26 years$16,432$12,375$9,188$6,739$4,893$2,653
27 years$15,654$11,646$8,532$6,169$4,412$2,323
28 years$14,933$10,974$7,932$5,652$3,981$2,035
29 years$14,263$10,353$7,381$5,183$3,595$1,784
30 years$13,638$9,777$6,875$4,757$3,248$1,564
31 years$13,055$9,243$6,410$4,369$2,936$1,372
32 years$12,510$8,745$5,980$4,015$2,656$1,204
33 years$11,999$8,282$5,584$3,692$2,404$1,057
34 years$11,519$7,850$5,217$3,397$2,176$928
35 years$11,067$7,445$4,878$3,127$1,971$815
36 years$10,641$7,067$4,563$2,880$1,786$716
37 years$10,239$6,712$4,271$2,654$1,619$629
38 years$9,860$6,378$3,999$2,446$1,468$552
39 years$9,500$6,065$3,747$2,255$1,331$485
40 years$9,160$5,771$3,512$2,080$1,207$426
41 years$8,837$5,493$3,293$1,919$1,095$375
42 years$8,530$5,231$3,089$1,771$994$329
43 years$8,238$4,984$2,899$1,635$902$290
44 years$7,961$4,751$2,721$1,510$819$255
45 years$7,696$4,531$2,555$1,394$743$224
46 years$7,444$4,322$2,400$1,288$675$197
47 years$7,203$4,125$2,254$1,190$613$173
48 years$6,972$3,938$2,119$1,099$556$152
49 years$6,752$3,760$1,991$1,016$505$134
50 years$6,542$3,592$1,872$939$459$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,700,000, adding $4,813 every year, while hoping to spend $47,637 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: 63/7/30 Blend
49$6,700,000$6,700,000$6,700,000$6,700,000
50$7,388,365$7,033,265$6,929,415$7,793,978
51$8,091,292$7,327,209$7,110,865$8,364,161
52$8,864,322$7,633,960$7,296,797$8,981,142
53$9,714,554$7,954,096$7,487,310$9,654,129
54$10,649,811$8,288,219$7,682,508$10,388,628
55$11,678,712$8,636,961$7,882,492$11,190,702
56$12,810,753$9,000,985$8,087,368$12,067,026
57$14,056,398$9,380,982$8,297,243$13,024,947
58$15,427,176$9,777,675$8,512,226$14,072,557
59$16,935,789$10,191,822$8,732,427$15,218,765
60$18,596,235$10,624,217$8,957,958$16,473,382
61$20,423,936$11,075,688$9,188,934$17,847,211
62$22,435,884$11,547,104$9,425,471$19,352,151
63$24,650,806$12,039,374$9,667,686$21,001,303
64$27,089,334$12,553,449$9,915,699$22,809,100
65$29,774,202$13,090,323$10,169,630$24,791,436
66$32,730,461$13,651,040$10,429,604$26,965,819
67$35,985,717$14,236,690$10,695,745$29,351,532
68$39,570,387$14,848,414$10,968,178$31,969,815
69$43,517,987$15,487,408$11,247,034$34,844,067
70$47,865,453$16,154,922$11,532,440$38,000,062
71$52,653,483$16,852,266$11,824,530$41,466,191
72$57,926,922$17,580,811$12,123,436$45,273,733
73$63,735,190$18,341,993$12,429,293$49,457,144
74$70,132,742$19,137,314$12,742,238$54,054,383
75$77,179,587$19,968,347$13,062,408$59,107,270
76$84,941,849$20,836,740$13,389,942$64,661,877
77$93,492,395$21,744,218$13,724,983$70,768,964
78$102,911,520$22,692,586$14,067,671$77,484,453
79$113,287,708$23,683,735$14,418,150$84,869,959
80$124,718,462$24,719,646$14,776,566$92,993,363
81$137,311,229$25,802,392$15,143,065$101,929,461
82$151,184,409$26,934,144$15,517,792$111,760,659
83$166,468,478$28,117,176$15,900,897$122,577,753
84$183,307,214$29,353,870$16,292,529$134,480,785
85$201,859,059$30,646,718$16,692,838$147,579,984
86$222,298,609$31,998,333$17,101,974$161,996,803
87$244,818,265$33,411,450$17,520,088$177,865,069
88$269,630,051$34,888,933$17,947,333$195,332,237
89$296,967,608$36,433,783$18,383,861$214,560,785
90$327,088,408$38,049,143$18,829,825$235,729,742
91$360,276,178$39,738,303$19,285,376$259,036,378
92$396,843,581$41,504,712$19,750,669$284,698,063
93$437,135,164$43,351,981$20,225,854$312,954,316
94$481,530,615$45,283,892$20,711,084$344,069,065
95$530,448,343$47,304,409$21,206,511$378,333,131
96$584,349,431$49,417,681$21,712,286$416,066,979
97$643,741,983$51,628,057$22,228,557$457,623,731
98$709,185,925$53,940,093$22,755,475$503,392,504
99$781,298,292$56,358,559$23,293,185$553,802,073
100$860,759,045$58,888,456$23,841,834$609,324,924