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

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$561,538$556,536$551,656$546,893$542,242$520,727
2 years$277,989$272,812$267,794$262,929$258,210$236,802
3 years$183,485$178,285$173,280$168,461$163,819$143,191
4 years$136,242$131,059$126,104$121,367$116,837$97,145
5 years$107,904$102,752$97,862$93,221$88,818$70,113
6 years$89,018$83,904$79,087$74,550$70,279$52,572
7 years$75,534$70,463$65,722$61,292$57,155$40,442
8 years$65,425$60,400$55,737$51,416$47,416$31,678
9 years$57,566$52,589$48,006$43,795$39,931$25,144
10 years$51,283$46,354$41,853$37,752$34,023$20,159
11 years$46,146$41,267$36,847$32,855$29,261$16,287
12 years$41,868$37,039$32,701$28,819$25,357$13,239
13 years$38,251$33,472$29,216$25,442$22,112$10,812
14 years$35,153$30,425$26,250$22,585$19,383$8,864
15 years$32,471$27,794$23,701$20,142$17,066$7,290
16 years$30,127$25,500$21,488$18,035$15,083$6,010
17 years$28,060$23,485$19,553$16,204$13,374$4,964
18 years$26,225$21,701$17,850$14,603$11,891$4,108
19 years$24,585$20,112$16,341$13,195$10,599$3,404
20 years$23,111$18,689$14,997$11,951$9,467$2,823
21 years$21,779$17,408$13,794$10,846$8,472$2,344
22 years$20,570$16,250$12,713$9,862$7,594$1,948
23 years$19,467$15,198$11,738$8,981$6,817$1,619
24 years$18,458$14,240$10,856$8,191$6,127$1,347
25 years$17,531$13,364$10,055$7,481$5,514$1,121
26 years$16,677$12,560$9,325$6,840$4,966$933
27 years$15,888$11,820$8,659$6,261$4,478$777
28 years$15,156$11,138$8,050$5,736$4,040$647
29 years$14,476$10,507$7,491$5,260$3,648$539
30 years$13,842$9,923$6,978$4,828$3,296$450
31 years$13,250$9,381$6,505$4,434$2,980$375
32 years$12,697$8,876$6,070$4,075$2,696$312
33 years$12,178$8,406$5,667$3,747$2,440$260
34 years$11,690$7,967$5,295$3,448$2,209$217
35 years$11,232$7,556$4,950$3,174$2,001$181
36 years$10,800$7,172$4,631$2,923$1,813$151
37 years$10,392$6,812$4,335$2,693$1,643$126
38 years$10,007$6,474$4,059$2,482$1,489$105
39 years$9,642$6,156$3,803$2,289$1,351$87
40 years$9,297$5,857$3,565$2,111$1,225$73
41 years$8,969$5,575$3,342$1,948$1,111$61
42 years$8,657$5,309$3,135$1,798$1,009$51
43 years$8,361$5,059$2,942$1,659$915$42
44 years$8,079$4,822$2,762$1,532$831$35
45 years$7,811$4,598$2,593$1,415$754$29
46 years$7,555$4,387$2,435$1,307$685$25
47 years$7,310$4,186$2,288$1,208$622$20
48 years$7,076$3,996$2,150$1,116$565$17
49 years$6,853$3,816$2,021$1,031$513$14
50 years$6,639$3,645$1,900$953$466$12

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 $2,183 every year, while hoping to spend $32,902 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: 60/28/12 Blend
49$6,800,000$6,800,000$6,800,000$6,800,000
50$7,495,852$7,135,452$7,030,052$7,923,771
51$8,225,421$7,450,081$7,230,551$8,526,383
52$9,028,304$7,779,025$7,436,664$9,179,515
53$9,911,943$8,122,950$7,648,545$9,891,163
54$10,884,540$8,482,553$7,866,350$10,666,971
55$11,955,132$8,858,567$8,090,242$11,513,152
56$13,133,676$9,251,757$8,320,385$12,436,534
57$14,431,144$9,662,926$8,556,951$13,444,629
58$15,859,625$10,092,914$8,800,113$14,545,698
59$17,432,441$10,542,601$9,050,051$15,748,832
60$19,164,271$11,012,909$9,306,949$17,064,029
61$21,071,290$11,504,805$9,570,995$18,502,291
62$23,171,321$12,019,300$9,842,383$20,075,726
63$25,484,004$12,557,454$10,121,311$21,797,653
64$28,030,981$13,120,378$10,407,983$23,682,736
65$30,836,099$13,709,235$10,702,609$25,747,109
66$33,925,637$14,325,243$11,005,402$28,008,532
67$37,328,552$14,969,680$11,316,583$30,486,555
68$41,076,753$15,643,883$11,636,377$33,202,696
69$45,205,402$16,349,254$11,965,016$36,180,646
70$49,753,246$17,087,260$12,302,737$39,446,484
71$54,762,983$17,859,441$12,649,784$43,028,924
72$60,281,662$18,667,409$13,006,407$46,959,581
73$66,361,131$19,512,852$13,372,861$51,273,265
74$73,058,525$20,397,539$13,749,410$56,008,303
75$80,436,802$21,323,326$14,136,323$61,206,905
76$88,565,342$22,292,156$14,533,876$66,915,548
77$97,520,599$23,306,063$14,942,353$73,185,417
78$107,386,822$24,367,183$15,362,044$80,072,881
79$118,256,853$25,477,749$15,793,247$87,640,019
80$130,232,998$26,640,105$16,236,267$95,955,205
81$143,428,000$27,856,706$16,691,418$105,093,742
82$157,966,095$29,130,124$17,159,020$115,138,572
83$173,984,193$30,463,056$17,639,403$126,181,051
84$191,633,161$31,858,327$18,132,904$138,321,807
85$211,079,255$33,318,896$18,639,868$151,671,679
86$232,505,686$34,847,869$19,160,650$166,352,762
87$256,114,347$36,448,496$19,695,613$182,499,549
88$282,127,724$38,124,186$20,245,130$200,260,194
89$310,790,991$39,878,510$20,809,581$219,797,904
90$342,374,328$41,715,213$21,389,358$241,292,470
91$377,175,470$43,638,218$21,984,861$264,941,955
92$415,522,514$45,651,638$22,596,501$290,964,560
93$457,777,025$47,759,782$23,224,698$319,600,666
94$504,337,439$49,967,169$23,869,882$351,115,101
95$555,642,830$52,278,533$24,532,496$385,799,627
96$612,177,055$54,698,837$25,212,991$423,975,684
97$674,473,319$57,233,285$25,911,831$465,997,413
98$743,119,209$59,887,327$26,629,488$512,254,988
99$818,762,243$62,666,680$27,366,450$563,178,285
100$902,115,979$65,577,335$28,123,214$619,240,933