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%15.2%
1 years$561,538$556,536$551,656$546,893$542,242$530,643
2 years$277,989$272,812$267,794$262,929$258,210$246,581
3 years$183,485$178,285$173,280$168,461$163,819$152,523
4 years$136,242$131,059$126,104$121,367$116,837$105,961
5 years$107,904$102,752$97,862$93,221$88,818$78,392
6 years$89,018$83,904$79,087$74,550$70,279$60,314
7 years$75,534$70,463$65,722$61,292$57,155$47,654
8 years$65,425$60,400$55,737$51,416$47,416$38,375
9 years$57,566$52,589$48,006$43,795$39,931$31,344
10 years$51,283$46,354$41,853$37,752$34,023$25,881
11 years$46,146$41,267$36,847$32,855$29,261$21,554
12 years$41,868$37,039$32,701$28,819$25,357$18,073
13 years$38,251$33,472$29,216$25,442$22,112$15,238
14 years$35,153$30,425$26,250$22,585$19,383$12,905
15 years$32,471$27,794$23,701$20,142$17,066$10,971
16 years$30,127$25,500$21,488$18,035$15,083$9,355
17 years$28,060$23,485$19,553$16,204$13,374$7,999
18 years$26,225$21,701$17,850$14,603$11,891$6,854
19 years$24,585$20,112$16,341$13,195$10,599$5,883
20 years$23,111$18,689$14,997$11,951$9,467$5,058
21 years$21,779$17,408$13,794$10,846$8,472$4,355
22 years$20,570$16,250$12,713$9,862$7,594$3,754
23 years$19,467$15,198$11,738$8,981$6,817$3,238
24 years$18,458$14,240$10,856$8,191$6,127$2,796
25 years$17,531$13,364$10,055$7,481$5,514$2,416
26 years$16,677$12,560$9,325$6,840$4,966$2,089
27 years$15,888$11,820$8,659$6,261$4,478$1,807
28 years$15,156$11,138$8,050$5,736$4,040$1,564
29 years$14,476$10,507$7,491$5,260$3,648$1,354
30 years$13,842$9,923$6,978$4,828$3,296$1,173
31 years$13,250$9,381$6,505$4,434$2,980$1,016
32 years$12,697$8,876$6,070$4,075$2,696$881
33 years$12,178$8,406$5,667$3,747$2,440$763
34 years$11,690$7,967$5,295$3,448$2,209$662
35 years$11,232$7,556$4,950$3,174$2,001$574
36 years$10,800$7,172$4,631$2,923$1,813$498
37 years$10,392$6,812$4,335$2,693$1,643$432
38 years$10,007$6,474$4,059$2,482$1,489$375
39 years$9,642$6,156$3,803$2,289$1,351$325
40 years$9,297$5,857$3,565$2,111$1,225$282
41 years$8,969$5,575$3,342$1,948$1,111$245
42 years$8,657$5,309$3,135$1,798$1,009$212
43 years$8,361$5,059$2,942$1,659$915$184
44 years$8,079$4,822$2,762$1,532$831$160
45 years$7,811$4,598$2,593$1,415$754$139
46 years$7,555$4,387$2,435$1,307$685$120
47 years$7,310$4,186$2,288$1,208$622$104
48 years$7,076$3,996$2,150$1,116$565$91
49 years$6,853$3,816$2,021$1,031$513$79
50 years$6,639$3,645$1,900$953$466$68

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 $6,777 every year, while hoping to spend $45,330 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: 46/25/29 Blend
49$6,800,000$6,800,000$6,800,000$6,800,000
50$7,500,590$7,140,190$7,034,790$7,782,665
51$8,217,420$7,441,829$7,222,225$8,285,126
52$9,005,847$7,756,729$7,414,420$8,825,086
53$9,873,126$8,085,491$7,611,486$9,410,116
54$10,827,251$8,428,747$7,813,537$10,044,469
55$11,877,030$8,787,154$8,020,689$10,732,817
56$13,032,166$9,161,404$8,233,061$11,480,295
57$14,303,351$9,552,217$8,450,774$12,292,549
58$15,702,368$9,960,351$8,673,949$13,175,787
59$17,242,197$10,386,595$8,902,714$14,136,834
60$18,937,141$10,831,779$9,137,195$15,183,196
61$20,802,961$11,296,767$9,377,523$16,323,129
62$22,857,024$11,782,469$9,623,830$17,565,714
63$25,118,463$12,289,833$9,876,251$18,920,941
64$27,608,365$12,819,854$10,134,924$20,399,800
65$30,349,963$13,373,572$10,399,989$22,014,384
66$33,368,859$13,952,076$10,671,589$23,778,000
67$36,693,263$14,556,509$10,949,868$25,705,290
68$40,354,261$15,188,063$11,234,973$27,812,371
69$44,386,107$15,847,989$11,527,056$30,116,978
70$48,826,546$16,537,596$11,826,268$32,638,637
71$53,717,171$17,258,256$12,132,766$35,398,836
72$59,103,815$18,011,403$12,446,706$38,421,233
73$65,036,982$18,798,540$12,768,248$41,731,873
74$71,572,327$19,621,241$13,097,557$45,359,429
75$78,771,176$20,481,153$13,434,797$49,335,471
76$86,701,110$21,380,004$13,780,137$53,694,761
77$95,436,598$22,319,599$14,133,747$58,475,572
78$105,059,704$23,301,832$14,495,799$63,720,055
79$115,660,856$24,328,684$14,866,471$69,474,620
80$127,339,705$25,402,231$15,245,939$75,790,382
81$140,206,062$26,524,647$15,634,386$82,723,630
82$154,380,935$27,698,210$16,031,992$90,336,357
83$169,997,672$28,925,303$16,438,945$98,696,842
84$187,203,217$30,208,426$16,855,433$107,880,286
85$206,159,499$31,550,194$17,281,644$117,969,517
86$227,044,962$32,953,347$17,717,773$129,055,767
87$250,056,244$34,420,756$18,164,014$141,239,529
88$275,410,036$35,955,428$18,620,564$154,631,495
89$303,345,128$37,560,513$19,087,621$169,353,600
90$334,124,663$39,239,310$19,565,389$185,540,160
91$368,038,618$40,995,276$20,054,069$203,339,140
92$405,406,544$42,832,031$20,553,866$222,913,537
93$446,580,579$44,753,368$21,064,989$244,442,914
94$491,948,777$46,763,262$21,587,645$268,125,088
95$541,938,766$48,865,876$22,122,045$294,177,989
96$597,021,787$51,065,571$22,668,400$322,841,704
97$657,717,143$53,366,917$23,226,924$354,380,742
98$724,597,097$55,774,701$23,797,832$389,086,515
99$798,292,280$58,293,940$24,381,338$427,280,083
100$879,497,639$60,929,890$24,977,660$469,315,172