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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$553,280$548,351$543,543$538,850$534,267$520,086
2 years$273,901$268,800$263,856$259,063$254,413$240,224
3 years$180,787$175,664$170,732$165,984$161,410$147,658
4 years$134,239$129,131$124,249$119,582$115,119$101,910
5 years$106,317$101,241$96,423$91,850$87,512$74,882
6 years$87,709$82,671$77,924$73,454$69,245$57,206
7 years$74,423$69,427$64,755$60,390$56,315$44,868
8 years$64,463$59,511$54,917$50,660$46,718$35,858
9 years$56,720$51,815$47,300$43,151$39,344$29,059
10 years$50,529$45,673$41,238$37,197$33,523$23,802
11 years$45,467$40,660$36,305$32,372$28,831$19,659
12 years$41,252$36,494$32,220$28,395$24,984$16,344
13 years$37,689$32,980$28,786$25,068$21,787$13,661
14 years$34,636$29,978$25,864$22,253$19,098$11,467
15 years$31,994$27,385$23,352$19,846$16,815$9,660
16 years$29,684$25,125$21,172$17,770$14,862$8,162
17 years$27,647$23,140$19,266$15,966$13,177$6,913
18 years$25,839$21,382$17,587$14,388$11,717$5,867
19 years$24,224$19,817$16,100$13,001$10,443$4,988
20 years$22,771$18,415$14,776$11,775$9,328$4,246
21 years$21,459$17,152$13,591$10,687$8,348$3,620
22 years$20,267$16,011$12,526$9,717$7,482$3,088
23 years$19,181$14,975$11,566$8,849$6,717$2,638
24 years$18,187$14,031$10,696$8,071$6,037$2,254
25 years$17,274$13,167$9,907$7,371$5,432$1,928
26 years$16,432$12,375$9,188$6,739$4,893$1,650
27 years$15,654$11,646$8,532$6,169$4,412$1,412
28 years$14,933$10,974$7,932$5,652$3,981$1,209
29 years$14,263$10,353$7,381$5,183$3,595$1,036
30 years$13,638$9,777$6,875$4,757$3,248$888
31 years$13,055$9,243$6,410$4,369$2,936$761
32 years$12,510$8,745$5,980$4,015$2,656$652
33 years$11,999$8,282$5,584$3,692$2,404$559
34 years$11,519$7,850$5,217$3,397$2,176$480
35 years$11,067$7,445$4,878$3,127$1,971$411
36 years$10,641$7,067$4,563$2,880$1,786$353
37 years$10,239$6,712$4,271$2,654$1,619$303
38 years$9,860$6,378$3,999$2,446$1,468$260
39 years$9,500$6,065$3,747$2,255$1,331$223
40 years$9,160$5,771$3,512$2,080$1,207$191
41 years$8,837$5,493$3,293$1,919$1,095$164
42 years$8,530$5,231$3,089$1,771$994$141
43 years$8,238$4,984$2,899$1,635$902$121
44 years$7,961$4,751$2,721$1,510$819$104
45 years$7,696$4,531$2,555$1,394$743$89
46 years$7,444$4,322$2,400$1,288$675$76
47 years$7,203$4,125$2,254$1,190$613$66
48 years$6,972$3,938$2,119$1,099$556$56
49 years$6,752$3,760$1,991$1,016$505$48
50 years$6,542$3,592$1,872$939$459$41

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 $5,045 every year, while hoping to spend $27,677 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: 75/11/14 Blend
49$6,700,000$6,700,000$6,700,000$6,700,000
50$7,388,604$7,033,504$6,929,654$7,920,478
51$8,112,793$7,348,697$7,132,349$8,587,719
52$8,909,923$7,678,408$7,340,907$9,314,848
53$9,787,402$8,023,317$7,555,495$10,111,016
54$10,753,398$8,384,140$7,776,285$10,983,078
55$11,816,907$8,761,626$8,003,452$11,938,583
56$12,987,843$9,156,558$8,237,180$12,985,843
57$14,277,132$9,569,758$8,477,655$14,134,007
58$15,696,812$10,002,088$8,725,068$15,393,154
59$17,260,146$10,454,449$8,979,617$16,774,378
60$18,981,751$10,927,788$9,241,505$18,289,898
61$20,877,733$11,423,093$9,510,939$19,953,172
62$22,965,841$11,941,404$9,788,135$21,779,018
63$25,265,632$12,483,807$10,073,312$23,783,758
64$27,798,654$13,051,442$10,366,696$25,985,367
65$30,588,657$13,645,503$10,668,521$28,403,644
66$33,661,809$14,267,241$10,979,024$31,060,397
67$37,046,945$14,917,967$11,298,453$33,979,645
68$40,775,841$15,599,055$11,627,059$37,187,846
69$44,883,512$16,311,945$11,965,101$40,714,144
70$49,408,545$17,058,145$12,312,847$44,590,644
71$54,393,460$17,839,237$12,670,570$48,852,710
72$59,885,110$18,656,877$13,038,552$53,539,299
73$65,935,130$19,512,803$13,417,082$58,693,329
74$72,600,417$20,408,834$13,806,458$64,362,079
75$79,943,670$21,346,877$14,206,984$70,597,635
76$88,033,982$22,328,932$14,618,976$77,457,377
77$96,947,492$23,357,093$15,042,755$85,004,524
78$106,768,102$24,433,556$15,478,653$93,308,721
79$117,588,271$25,560,623$15,927,011$102,446,701
80$129,509,887$26,740,706$16,388,178$112,503,004
81$142,645,227$27,976,333$16,862,514$123,570,771
82$157,118,020$29,270,153$17,350,388$135,752,623
83$173,064,612$30,624,944$17,852,180$149,161,625
84$190,635,254$32,043,618$18,368,280$163,922,352
85$209,995,520$33,529,225$18,899,087$180,172,062
86$231,327,870$35,084,964$19,445,013$198,061,987
87$254,833,373$36,714,188$20,006,482$217,758,758
88$280,733,605$38,420,411$20,583,927$239,445,976
89$309,272,738$40,207,316$21,177,794$263,325,940
90$340,719,848$42,078,765$21,788,540$289,621,553
91$375,371,454$44,038,806$22,416,638$318,578,423
92$413,554,316$46,091,682$23,062,570$350,467,178
93$455,628,522$48,241,840$23,726,832$385,586,015
94$501,990,885$50,493,944$24,409,934$424,263,511
95$553,078,689$52,852,881$25,112,400$466,861,723
96$609,373,817$55,323,774$25,834,768$513,779,597
97$671,407,304$57,911,996$26,577,590$565,456,732
98$739,764,343$60,623,178$27,341,433$622,377,523
99$815,089,815$63,463,223$28,126,880$685,075,729
100$898,094,374$66,438,319$28,934,529$754,139,509