Can I retire at age 50 with 6,800,000?

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 $6,800,000?

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$561,538$556,536$551,656$546,893$542,242$524,884
2 years$277,989$272,812$267,794$262,929$258,210$240,883
3 years$183,485$178,285$173,280$168,461$163,819$147,066
4 years$136,242$131,059$126,104$121,367$116,837$100,786
5 years$107,904$102,752$97,862$93,221$88,818$73,512
6 years$89,018$83,904$79,087$74,550$70,279$55,731
7 years$75,534$70,463$65,722$61,292$57,155$43,364
8 years$65,425$60,400$55,737$51,416$47,416$34,372
9 years$57,566$52,589$48,006$43,795$39,931$27,619
10 years$51,283$46,354$41,853$37,752$34,023$22,425
11 years$46,146$41,267$36,847$32,855$29,261$18,355
12 years$41,868$37,039$32,701$28,819$25,357$15,120
13 years$38,251$33,472$29,216$25,442$22,112$12,519
14 years$35,153$30,425$26,250$22,585$19,383$10,408
15 years$32,471$27,794$23,701$20,142$17,066$8,681
16 years$30,127$25,500$21,488$18,035$15,083$7,262
17 years$28,060$23,485$19,553$16,204$13,374$6,088
18 years$26,225$21,701$17,850$14,603$11,891$5,113
19 years$24,585$20,112$16,341$13,195$10,599$4,301
20 years$23,111$18,689$14,997$11,951$9,467$3,623
21 years$21,779$17,408$13,794$10,846$8,472$3,055
22 years$20,570$16,250$12,713$9,862$7,594$2,579
23 years$19,467$15,198$11,738$8,981$6,817$2,178
24 years$18,458$14,240$10,856$8,191$6,127$1,841
25 years$17,531$13,364$10,055$7,481$5,514$1,557
26 years$16,677$12,560$9,325$6,840$4,966$1,317
27 years$15,888$11,820$8,659$6,261$4,478$1,115
28 years$15,156$11,138$8,050$5,736$4,040$944
29 years$14,476$10,507$7,491$5,260$3,648$799
30 years$13,842$9,923$6,978$4,828$3,296$677
31 years$13,250$9,381$6,505$4,434$2,980$574
32 years$12,697$8,876$6,070$4,075$2,696$486
33 years$12,178$8,406$5,667$3,747$2,440$412
34 years$11,690$7,967$5,295$3,448$2,209$349
35 years$11,232$7,556$4,950$3,174$2,001$296
36 years$10,800$7,172$4,631$2,923$1,813$251
37 years$10,392$6,812$4,335$2,693$1,643$213
38 years$10,007$6,474$4,059$2,482$1,489$180
39 years$9,642$6,156$3,803$2,289$1,351$153
40 years$9,297$5,857$3,565$2,111$1,225$130
41 years$8,969$5,575$3,342$1,948$1,111$110
42 years$8,657$5,309$3,135$1,798$1,009$93
43 years$8,361$5,059$2,942$1,659$915$79
44 years$8,079$4,822$2,762$1,532$831$67
45 years$7,811$4,598$2,593$1,415$754$57
46 years$7,555$4,387$2,435$1,307$685$48
47 years$7,310$4,186$2,288$1,208$622$41
48 years$7,076$3,996$2,150$1,116$565$35
49 years$6,853$3,816$2,021$1,031$513$29
50 years$6,639$3,645$1,900$953$466$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,800,000, adding $5,922 every year, while hoping to spend $44,228 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: 74/11/15 Blend
49$6,800,000$6,800,000$6,800,000$6,800,000
50$7,499,709$7,139,309$7,033,909$8,029,574
51$8,217,621$7,442,076$7,222,486$8,683,754
52$9,007,277$7,758,198$7,415,899$9,394,292
53$9,875,950$8,088,280$7,614,262$10,171,648
54$10,831,650$8,432,959$7,817,693$11,022,447
55$11,883,205$8,792,900$8,026,312$11,953,983
56$13,040,340$9,168,800$8,240,242$12,974,288
57$14,313,772$9,561,389$8,459,607$14,092,202
58$15,715,308$9,971,428$8,684,535$15,317,465
59$17,257,959$10,399,718$8,915,157$16,660,797
60$18,956,061$10,847,095$9,151,605$18,134,006
61$20,825,410$11,314,433$9,394,015$19,750,097
62$22,883,411$11,802,649$9,642,523$21,523,390
63$25,149,244$12,312,703$9,897,272$23,469,657
64$27,644,040$12,845,599$10,158,404$25,606,271
65$30,391,087$13,402,389$10,426,066$27,952,366
66$33,416,045$13,984,173$10,700,406$30,529,017
67$36,747,188$14,592,104$10,981,576$33,359,438
68$40,415,673$15,227,388$11,269,730$36,469,199
69$44,455,832$15,891,291$11,565,027$39,886,470
70$48,905,496$16,585,133$11,867,625$43,642,277
71$53,806,354$17,310,303$12,177,688$47,770,804
72$59,204,343$18,068,249$12,495,381$52,309,702
73$65,150,085$18,860,491$12,820,875$57,300,456
74$71,699,358$19,688,620$13,154,339$62,788,763
75$78,913,633$20,554,303$13,495,950$68,824,969
76$86,860,644$21,459,283$13,845,884$75,464,539
77$95,615,030$22,405,389$14,204,322$82,768,581
78$105,259,045$23,394,535$14,571,448$90,804,418
79$115,883,324$24,428,723$14,947,448$99,646,224
80$127,587,747$25,510,055$15,332,512$109,375,719
81$140,482,377$26,640,727$15,726,831$120,082,943
82$154,688,501$27,823,045$16,130,601$131,867,098
83$170,339,773$29,059,418$16,544,021$144,837,486
84$187,583,475$30,352,375$16,967,291$159,114,535
85$206,581,910$31,704,562$17,400,616$174,830,938
86$227,513,930$33,118,751$17,844,202$192,132,898
87$250,576,627$34,597,846$18,298,259$211,181,506
88$275,987,192$36,144,890$18,763,000$232,154,263
89$303,984,965$37,763,069$19,238,640$255,246,745
90$334,833,694$39,455,721$19,725,396$280,674,455
91$368,824,024$41,226,345$20,223,491$308,674,845
92$406,276,243$43,078,604$20,733,146$339,509,562
93$447,543,301$45,016,337$21,254,588$373,466,909
94$493,014,146$47,043,566$21,788,044$410,864,563
95$543,117,392$49,164,504$22,333,747$452,052,574
96$598,325,367$51,383,566$22,891,929$497,416,661
97$659,158,571$53,705,377$23,462,824$547,381,853
98$726,190,587$56,134,783$24,046,672$602,416,492
99$800,053,502$58,676,862$24,643,710$663,036,655
100$881,443,865$61,336,934$25,254,180$729,811,017