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%11.2%
1 years$561,538$556,536$551,656$546,893$542,242$539,503
2 years$277,989$272,812$267,794$262,929$258,210$255,446
3 years$183,485$178,285$173,280$168,461$163,819$161,116
4 years$136,242$131,059$126,104$121,367$116,837$114,215
5 years$107,904$102,752$97,862$93,221$88,818$86,284
6 years$89,018$83,904$79,087$74,550$70,279$67,837
7 years$75,534$70,463$65,722$61,292$57,155$54,807
8 years$65,425$60,400$55,737$51,416$47,416$45,161
9 years$57,566$52,589$48,006$43,795$39,931$37,769
10 years$51,283$46,354$41,853$37,752$34,023$31,954
11 years$46,146$41,267$36,847$32,855$29,261$27,282
12 years$41,868$37,039$32,701$28,819$25,357$23,467
13 years$38,251$33,472$29,216$25,442$22,112$20,309
14 years$35,153$30,425$26,250$22,585$19,383$17,666
15 years$32,471$27,794$23,701$20,142$17,066$15,432
16 years$30,127$25,500$21,488$18,035$15,083$13,530
17 years$28,060$23,485$19,553$16,204$13,374$11,899
18 years$26,225$21,701$17,850$14,603$11,891$10,492
19 years$24,585$20,112$16,341$13,195$10,599$9,273
20 years$23,111$18,689$14,997$11,951$9,467$8,212
21 years$21,779$17,408$13,794$10,846$8,472$7,285
22 years$20,570$16,250$12,713$9,862$7,594$6,473
23 years$19,467$15,198$11,738$8,981$6,817$5,759
24 years$18,458$14,240$10,856$8,191$6,127$5,130
25 years$17,531$13,364$10,055$7,481$5,514$4,574
26 years$16,677$12,560$9,325$6,840$4,966$4,082
27 years$15,888$11,820$8,659$6,261$4,478$3,646
28 years$15,156$11,138$8,050$5,736$4,040$3,259
29 years$14,476$10,507$7,491$5,260$3,648$2,915
30 years$13,842$9,923$6,978$4,828$3,296$2,609
31 years$13,250$9,381$6,505$4,434$2,980$2,336
32 years$12,697$8,876$6,070$4,075$2,696$2,092
33 years$12,178$8,406$5,667$3,747$2,440$1,875
34 years$11,690$7,967$5,295$3,448$2,209$1,681
35 years$11,232$7,556$4,950$3,174$2,001$1,507
36 years$10,800$7,172$4,631$2,923$1,813$1,352
37 years$10,392$6,812$4,335$2,693$1,643$1,213
38 years$10,007$6,474$4,059$2,482$1,489$1,089
39 years$9,642$6,156$3,803$2,289$1,351$977
40 years$9,297$5,857$3,565$2,111$1,225$878
41 years$8,969$5,575$3,342$1,948$1,111$788
42 years$8,657$5,309$3,135$1,798$1,009$708
43 years$8,361$5,059$2,942$1,659$915$636
44 years$8,079$4,822$2,762$1,532$831$571
45 years$7,811$4,598$2,593$1,415$754$513
46 years$7,555$4,387$2,435$1,307$685$461
47 years$7,310$4,186$2,288$1,208$622$414
48 years$7,076$3,996$2,150$1,116$565$372
49 years$6,853$3,816$2,021$1,031$513$335
50 years$6,639$3,645$1,900$953$466$301

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 $2,185 every year, while hoping to spend $53,058 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: 62/8/30 Blend
49$6,800,000$6,800,000$6,800,000$6,800,000
50$7,495,854$7,135,454$7,030,054$7,899,769
51$8,203,978$7,428,638$7,209,107$8,468,239
52$8,982,552$7,734,409$7,392,381$9,082,814
53$9,838,706$8,053,330$7,579,960$9,752,837
54$10,780,296$8,385,985$7,771,930$10,483,752
55$11,815,977$8,732,988$7,968,380$11,281,551
56$12,955,284$9,094,982$8,169,398$12,152,831
57$14,208,723$9,472,637$8,375,074$13,104,854
58$15,587,872$9,866,655$8,585,498$14,145,616
59$17,105,484$10,277,770$8,800,761$15,283,923
60$18,775,613$10,706,751$9,020,957$16,529,470
61$20,613,745$11,154,401$9,246,178$17,892,934
62$22,636,942$11,621,561$9,476,519$19,386,071
63$24,864,003$12,109,111$9,712,076$21,021,831
64$27,315,644$12,617,970$9,952,944$22,814,474
65$30,014,692$13,149,103$10,199,219$24,779,707
66$32,986,297$13,703,515$10,450,999$26,934,830
67$36,258,174$14,282,263$10,708,383$29,298,896
68$39,860,862$14,886,448$10,971,468$31,892,895
69$43,828,011$15,517,225$11,240,353$34,739,945
70$48,196,702$16,175,802$11,515,139$37,865,514
71$53,007,794$16,863,444$11,795,924$41,297,656
72$58,306,310$17,581,475$12,082,808$45,067,275
73$64,141,864$18,331,277$12,375,893$49,208,417
74$70,569,126$19,114,302$12,675,278$53,758,587
75$77,648,340$19,932,066$12,981,063$58,759,105
76$85,445,891$20,786,157$13,293,348$64,255,492
77$94,034,930$21,678,237$13,612,234$70,297,899
78$103,496,069$22,610,047$13,937,819$76,941,580
79$113,918,135$23,583,406$14,270,204$84,247,410
80$125,399,015$24,600,223$14,609,485$92,282,459
81$138,046,572$25,662,492$14,955,761$101,120,622
82$151,979,672$26,772,303$15,309,128$110,843,318
83$167,329,297$27,931,845$15,669,682$121,540,253
84$184,239,786$29,143,406$16,037,517$133,310,268
85$202,870,196$30,409,385$16,412,726$146,262,266
86$223,395,804$31,732,292$16,795,400$160,516,243
87$246,009,758$33,114,757$17,185,629$176,204,414
88$270,924,905$34,559,531$17,583,498$193,472,463
89$298,375,794$36,069,497$17,989,095$212,480,913
90$328,620,895$37,647,673$18,402,499$233,406,638
91$361,945,036$39,297,218$18,823,793$256,444,537
92$398,662,091$41,021,443$19,253,051$281,809,360
93$439,117,943$42,823,813$19,690,347$309,737,745
94$483,693,750$44,707,956$20,135,750$340,490,439
95$532,809,541$46,677,675$20,589,327$374,354,763
96$586,928,183$48,736,949$21,051,138$411,647,320
97$646,559,746$50,889,948$21,521,239$452,716,978
98$712,266,322$53,141,038$21,999,683$497,948,164
99$784,667,330$55,494,792$22,486,515$547,764,488
100$864,445,361$57,956,000$22,981,777$602,632,739