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%19%
1 years$553,280$548,351$543,543$538,850$534,267$514,902
2 years$273,901$268,800$263,856$259,063$254,413$235,115
3 years$180,787$175,664$170,732$165,984$161,410$142,786
4 years$134,239$129,131$124,249$119,582$115,119$97,312
5 years$106,317$101,241$96,423$91,850$87,512$70,567
6 years$87,709$82,671$77,924$73,454$69,245$53,176
7 years$74,423$69,427$64,755$60,390$56,315$41,117
8 years$64,463$59,511$54,917$50,660$46,718$32,380
9 years$56,720$51,815$47,300$43,151$39,344$25,844
10 years$50,529$45,673$41,238$37,197$33,523$20,839
11 years$45,467$40,660$36,305$32,372$28,831$16,936
12 years$41,252$36,494$32,220$28,395$24,984$13,849
13 years$37,689$32,980$28,786$25,068$21,787$11,380
14 years$34,636$29,978$25,864$22,253$19,098$9,389
15 years$31,994$27,385$23,352$19,846$16,815$7,771
16 years$29,684$25,125$21,172$17,770$14,862$6,448
17 years$27,647$23,140$19,266$15,966$13,177$5,362
18 years$25,839$21,382$17,587$14,388$11,717$4,467
19 years$24,224$19,817$16,100$13,001$10,443$3,727
20 years$22,771$18,415$14,776$11,775$9,328$3,113
21 years$21,459$17,152$13,591$10,687$8,348$2,603
22 years$20,267$16,011$12,526$9,717$7,482$2,178
23 years$19,181$14,975$11,566$8,849$6,717$1,824
24 years$18,187$14,031$10,696$8,071$6,037$1,528
25 years$17,274$13,167$9,907$7,371$5,432$1,281
26 years$16,432$12,375$9,188$6,739$4,893$1,074
27 years$15,654$11,646$8,532$6,169$4,412$901
28 years$14,933$10,974$7,932$5,652$3,981$756
29 years$14,263$10,353$7,381$5,183$3,595$634
30 years$13,638$9,777$6,875$4,757$3,248$533
31 years$13,055$9,243$6,410$4,369$2,936$447
32 years$12,510$8,745$5,980$4,015$2,656$376
33 years$11,999$8,282$5,584$3,692$2,404$315
34 years$11,519$7,850$5,217$3,397$2,176$265
35 years$11,067$7,445$4,878$3,127$1,971$222
36 years$10,641$7,067$4,563$2,880$1,786$187
37 years$10,239$6,712$4,271$2,654$1,619$157
38 years$9,860$6,378$3,999$2,446$1,468$132
39 years$9,500$6,065$3,747$2,255$1,331$111
40 years$9,160$5,771$3,512$2,080$1,207$93
41 years$8,837$5,493$3,293$1,919$1,095$78
42 years$8,530$5,231$3,089$1,771$994$66
43 years$8,238$4,984$2,899$1,635$902$55
44 years$7,961$4,751$2,721$1,510$819$46
45 years$7,696$4,531$2,555$1,394$743$39
46 years$7,444$4,322$2,400$1,288$675$33
47 years$7,203$4,125$2,254$1,190$613$28
48 years$6,972$3,938$2,119$1,099$556$23
49 years$6,752$3,760$1,991$1,016$505$19
50 years$6,542$3,592$1,872$939$459$16

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 $4,463 every year, while hoping to spend $36,586 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: 75/8/17 Blend
49$6,700,000$6,700,000$6,700,000$6,700,000
50$7,388,004$7,032,904$6,929,054$7,913,390
51$8,102,653$7,338,589$7,122,250$8,567,393
52$8,888,970$7,658,026$7,320,692$9,279,062
53$9,754,227$7,991,851$7,524,517$10,058,131
54$10,706,435$8,340,729$7,733,865$10,911,303
55$11,754,422$8,705,356$7,948,881$11,845,957
56$12,907,917$9,086,461$8,169,711$12,870,221
57$14,177,635$9,484,809$8,396,508$13,993,043
58$15,575,388$9,901,199$8,629,425$15,224,279
59$17,114,189$10,336,469$8,868,622$16,574,782
60$18,808,375$10,791,495$9,114,260$18,056,506
61$20,673,748$11,267,196$9,366,505$19,682,615
62$22,727,716$11,764,535$9,625,529$21,467,610
63$24,989,464$12,284,519$9,891,506$23,427,461
64$27,480,132$12,828,202$10,164,614$25,579,760
65$30,223,013$13,396,691$10,445,036$27,943,886
66$33,243,774$13,991,143$10,732,959$30,541,181
67$36,570,701$14,612,771$11,028,574$33,395,159
68$40,234,960$15,262,845$11,332,079$36,531,721
69$44,270,896$15,942,694$11,643,674$39,979,400
70$48,716,355$16,653,713$11,963,564$43,769,628
71$53,613,039$17,397,362$12,291,960$47,937,033
72$59,006,906$18,175,169$12,629,078$52,519,764
73$64,948,595$18,988,738$12,975,137$57,559,848
74$71,493,911$19,839,744$13,330,363$63,103,588
75$78,704,346$20,729,948$13,694,986$69,201,997
76$86,647,665$21,661,191$14,069,243$75,911,277
77$95,398,539$22,635,402$14,453,376$83,293,350
78$105,039,256$23,654,603$14,847,630$91,416,439
79$115,660,494$24,720,912$15,252,259$100,355,711
80$127,362,175$25,836,548$15,667,521$110,193,986
81$140,254,414$27,003,836$16,093,680$121,022,514
82$154,458,553$28,225,211$16,531,006$132,941,836
83$170,108,306$29,503,228$16,979,775$146,062,731
84$187,351,025$30,840,558$17,440,271$160,507,259
85$206,349,090$32,240,006$17,912,780$176,409,913
86$227,281,438$33,704,507$18,397,599$193,918,883
87$250,345,255$35,237,138$18,895,028$213,197,454
88$275,757,836$36,841,122$19,405,376$234,425,546
89$303,758,637$38,519,839$19,928,958$257,801,410
90$334,611,535$40,276,828$20,466,096$283,543,492
91$368,607,318$42,115,800$21,017,117$311,892,499
92$406,066,432$44,040,641$21,582,357$343,113,665
93$447,342,002$46,055,427$22,162,160$377,499,249
94$492,823,169$48,164,426$22,756,876$415,371,298
95$542,938,763$50,372,112$23,366,861$457,084,677
96$598,161,347$52,683,176$23,992,481$503,030,419
97$659,011,683$55,102,531$24,634,109$553,639,412
98$726,063,648$57,635,328$25,292,124$609,386,462
99$799,949,645$60,286,964$25,966,915$670,794,775
100$881,366,580$63,063,097$26,658,878$738,440,887