Can I retire at age 50 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$569,796$564,720$559,768$554,935$550,216$534,531
2 years$282,077$276,824$271,732$266,796$262,007$246,328
3 years$186,183$180,907$175,829$170,939$166,228$151,044
4 years$138,246$132,986$127,958$123,152$118,555$103,984
5 years$109,491$104,263$99,301$94,592$90,124$76,205
6 years$90,327$85,138$80,250$75,646$71,312$58,058
7 years$76,644$71,499$66,688$62,193$57,996$45,407
8 years$66,387$61,288$56,557$52,172$48,113$36,182
9 years$58,413$53,362$48,712$44,439$40,518$29,234
10 years$52,037$47,036$42,468$38,307$34,524$23,870
11 years$46,825$41,873$37,389$33,338$29,691$19,652
12 years$42,484$37,583$33,181$29,242$25,730$16,285
13 years$38,814$33,964$29,645$25,817$22,437$13,565
14 years$35,670$30,873$26,637$22,917$19,668$11,348
15 years$32,949$28,203$24,049$20,438$17,317$9,526
16 years$30,570$25,875$21,804$18,300$15,305$8,020
17 years$28,473$23,830$19,841$16,442$13,571$6,768
18 years$26,611$22,020$18,112$14,818$12,066$5,723
19 years$24,947$20,408$16,581$13,389$10,755$4,847
20 years$23,451$18,964$15,217$12,127$9,607$4,111
21 years$22,099$17,665$13,997$11,006$8,597$3,491
22 years$20,872$16,489$12,900$10,007$7,706$2,967
23 years$19,754$15,422$11,911$9,113$6,917$2,524
24 years$18,730$14,449$11,016$8,312$6,217$2,148
25 years$17,789$13,560$10,203$7,591$5,595$1,830
26 years$16,922$12,744$9,463$6,941$5,039$1,559
27 years$16,121$11,994$8,787$6,353$4,543$1,330
28 years$15,379$11,302$8,168$5,821$4,100$1,134
29 years$14,688$10,662$7,601$5,338$3,702$967
30 years$14,045$10,069$7,080$4,899$3,345$826
31 years$13,445$9,519$6,601$4,499$3,024$705
32 years$12,883$9,006$6,159$4,135$2,736$602
33 years$12,357$8,529$5,750$3,802$2,476$514
34 years$11,862$8,084$5,373$3,498$2,241$439
35 years$11,397$7,667$5,023$3,220$2,030$375
36 years$10,959$7,277$4,699$2,966$1,839$320
37 years$10,545$6,912$4,398$2,733$1,667$273
38 years$10,154$6,569$4,119$2,519$1,511$234
39 years$9,784$6,246$3,859$2,322$1,371$200
40 years$9,433$5,943$3,617$2,142$1,243$171
41 years$9,101$5,657$3,392$1,976$1,128$146
42 years$8,785$5,388$3,181$1,824$1,023$125
43 years$8,484$5,133$2,985$1,684$929$106
44 years$8,198$4,893$2,802$1,555$843$91
45 years$7,926$4,666$2,631$1,436$765$78
46 years$7,666$4,451$2,471$1,326$695$66
47 years$7,418$4,248$2,322$1,225$631$57
48 years$7,180$4,055$2,182$1,132$573$48
49 years$6,954$3,872$2,051$1,046$520$41
50 years$6,737$3,699$1,928$967$473$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,900,000, adding $4,317 every year, while hoping to spend $30,162 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: 61/19/20 Blend
49$6,900,000$6,900,000$6,900,000$6,900,000
50$7,608,253$7,242,553$7,135,603$8,032,514
51$8,352,203$7,565,346$7,342,554$8,642,583
52$9,171,024$7,902,945$7,555,426$9,304,378
53$10,072,323$8,256,043$7,774,387$10,025,966
54$11,064,479$8,625,368$7,999,608$10,813,160
55$12,156,725$9,011,680$8,231,264$11,672,356
56$13,359,235$9,415,777$8,469,536$12,610,588
57$14,683,221$9,838,495$8,714,609$13,635,599
58$16,141,037$10,280,708$8,966,675$14,755,907
59$17,746,293$10,743,333$9,225,930$15,980,884
60$19,513,990$11,227,331$9,492,573$17,320,847
61$21,460,655$11,733,709$9,766,813$18,787,151
62$23,604,502$12,263,521$10,048,862$20,392,292
63$25,965,600$12,817,872$10,338,937$22,150,026
64$28,566,063$13,397,919$10,637,263$24,075,497
65$31,430,260$14,004,876$10,944,070$26,185,376
66$34,585,044$14,640,013$11,259,594$28,498,015
67$38,060,007$15,304,662$11,584,079$31,033,623
68$41,887,756$16,000,218$11,917,773$33,814,448
69$46,104,222$16,728,144$12,260,934$36,864,989
70$50,749,001$17,489,972$12,613,824$40,212,223
71$55,865,726$18,287,306$12,976,713$43,885,856
72$61,502,476$19,121,831$13,349,880$47,918,602
73$67,712,237$19,995,308$13,733,608$52,346,488
74$74,553,392$20,909,586$14,128,192$57,209,192
75$82,090,283$21,866,600$14,533,931$62,550,410
76$90,393,808$22,868,380$14,951,134$68,418,273
77$99,542,098$23,917,053$15,380,118$74,865,791
78$109,621,250$25,014,845$15,821,210$81,951,350
79$120,726,139$26,164,095$16,274,742$89,739,263
80$132,961,318$27,367,248$16,741,059$98,300,372
81$146,442,000$28,626,871$17,220,512$107,712,709
82$161,295,149$29,945,653$17,713,464$118,062,233
83$177,660,675$31,326,410$18,220,286$129,443,632
84$195,692,757$32,772,098$18,741,359$141,961,218
85$215,561,299$34,285,811$19,277,075$155,729,899
86$237,453,530$35,870,794$19,827,835$170,876,267
87$261,575,775$37,530,449$20,394,053$187,539,780
88$288,155,402$39,268,339$20,976,152$205,874,077
89$317,442,967$41,088,200$21,574,566$226,048,421
90$349,714,577$42,993,950$22,189,742$248,249,293
91$385,274,504$44,989,693$22,822,138$272,682,139
92$424,458,048$47,079,733$23,472,224$299,573,313
93$467,634,708$49,268,579$24,140,483$329,172,197
94$515,211,668$51,560,959$24,827,409$361,753,554
95$567,637,642$53,961,830$25,533,511$397,620,112
96$625,407,109$56,476,387$26,259,311$437,105,411
97$689,064,979$59,110,076$27,005,344$480,576,950
98$759,211,743$61,868,605$27,772,158$528,439,640
99$836,509,133$64,757,959$28,560,318$581,139,621
100$921,686,378$67,784,412$29,370,402$639,168,466