Can I retire at age 50 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$454,185$450,139$446,192$442,340$438,578$436,179
2 years$224,844$220,656$216,598$212,663$208,847$206,427
3 years$148,407$144,201$140,153$136,255$132,501$130,134
4 years$110,196$106,003$101,996$98,164$94,501$92,205
5 years$87,275$83,108$79,153$75,400$71,838$69,621
6 years$72,000$67,864$63,967$60,298$56,843$54,707
7 years$61,093$56,992$53,157$49,574$46,229$44,175
8 years$52,917$48,853$45,081$41,586$38,351$36,379
9 years$46,561$42,535$38,829$35,422$32,297$30,407
10 years$41,479$37,493$33,852$30,534$27,519$25,710
11 years$37,324$33,377$29,802$26,574$23,667$21,938
12 years$33,864$29,958$26,449$23,309$20,509$18,858
13 years$30,938$27,073$23,630$20,578$17,885$16,310
14 years$28,433$24,609$21,232$18,267$15,677$14,178
15 years$26,263$22,480$19,170$16,291$13,804$12,377
16 years$24,367$20,625$17,380$14,587$12,200$10,844
17 years$22,696$18,995$15,815$13,106$10,817$9,530
18 years$21,211$17,552$14,437$11,811$9,618$8,398
19 years$19,885$16,267$13,217$10,673$8,573$7,417
20 years$18,693$15,116$12,130$9,666$7,657$6,563
21 years$17,615$14,080$11,157$8,773$6,853$5,818
22 years$16,637$13,144$10,283$7,976$6,142$5,166
23 years$15,746$12,293$9,494$7,264$5,514$4,592
24 years$14,930$11,518$8,781$6,625$4,956$4,088
25 years$14,180$10,809$8,133$6,051$4,459$3,642
26 years$13,489$10,158$7,543$5,532$4,017$3,248
27 years$12,850$9,560$7,004$5,064$3,622$2,899
28 years$12,258$9,009$6,511$4,640$3,268$2,589
29 years$11,708$8,499$6,059$4,255$2,951$2,314
30 years$11,196$8,026$5,644$3,905$2,666$2,069
31 years$10,717$7,587$5,262$3,586$2,411$1,851
32 years$10,269$7,179$4,909$3,296$2,180$1,657
33 years$9,850$6,799$4,584$3,031$1,973$1,483
34 years$9,456$6,444$4,283$2,789$1,787$1,329
35 years$9,085$6,112$4,004$2,567$1,618$1,191
36 years$8,735$5,801$3,746$2,364$1,466$1,067
37 years$8,405$5,510$3,506$2,178$1,329$957
38 years$8,094$5,236$3,283$2,008$1,205$858
39 years$7,799$4,979$3,076$1,851$1,092$769
40 years$7,519$4,737$2,883$1,708$991$690
41 years$7,254$4,509$2,703$1,575$899$619
42 years$7,002$4,294$2,536$1,454$816$556
43 years$6,763$4,092$2,380$1,342$740$499
44 years$6,535$3,900$2,234$1,239$672$448
45 years$6,318$3,719$2,097$1,144$610$402
46 years$6,110$3,548$1,970$1,057$554$361
47 years$5,913$3,386$1,851$977$503$324
48 years$5,724$3,232$1,739$902$457$291
49 years$5,543$3,087$1,635$834$415$261
50 years$5,370$2,949$1,537$771$377$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,500,000, adding $3,199 every year, while hoping to spend $58,838 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: 27/48/25 Blend
49$5,500,000$5,500,000$5,500,000$5,500,000
50$6,064,300$5,772,800$5,687,550$6,180,416
51$6,620,255$5,993,064$5,815,480$6,493,714
52$7,230,946$6,222,149$5,945,723$6,824,536
53$7,901,893$6,460,425$6,078,295$7,178,521
54$8,639,179$6,708,278$6,213,211$7,557,675
55$9,449,503$6,966,112$6,350,482$7,964,200
56$10,340,248$7,234,347$6,490,118$8,400,505
57$11,319,547$7,513,423$6,632,130$8,869,235
58$12,396,358$7,803,799$6,776,524$9,373,289
59$13,580,554$8,105,952$6,923,305$9,915,845
60$14,883,011$8,420,384$7,072,476$10,500,393
61$16,315,711$8,747,616$7,224,038$11,130,761
62$17,891,858$9,088,194$7,377,987$11,811,152
63$19,625,998$9,442,685$7,534,320$12,546,179
64$21,534,159$9,811,686$7,693,029$13,340,909
65$23,634,001$10,195,817$7,854,104$14,200,907
66$25,944,983$10,595,726$8,017,530$15,132,284
67$28,488,546$11,012,090$8,183,291$16,141,759
68$31,288,312$11,445,617$8,351,366$17,236,710
69$34,370,313$11,897,046$8,521,730$18,425,248
70$37,763,233$12,367,149$8,694,356$19,716,291
71$41,498,675$12,856,732$8,869,209$21,119,638
72$45,611,465$13,366,637$9,046,253$22,646,067
73$50,139,978$13,897,746$9,225,446$24,307,428
74$55,126,498$14,450,977$9,406,740$26,116,754
75$60,617,618$15,027,292$9,590,084$28,088,379
76$66,664,681$15,627,696$9,775,418$30,238,069
77$73,324,263$16,253,237$9,962,678$32,583,172
78$80,658,705$16,905,014$10,151,796$35,142,770
79$88,736,705$17,584,171$10,342,693$37,937,861
80$97,633,961$18,291,908$10,535,285$40,991,551
81$107,433,890$19,029,476$10,729,482$44,329,266
82$118,228,411$19,798,185$10,925,184$47,978,990
83$130,118,816$20,599,403$11,122,285$51,971,522
84$143,216,722$21,434,560$11,320,668$56,340,765
85$157,645,127$22,305,153$11,520,210$61,124,036
86$173,539,569$23,212,744$11,720,775$66,362,416
87$191,049,404$24,158,968$11,922,221$72,101,131
88$210,339,220$25,145,534$12,124,392$78,389,973
89$231,590,385$26,174,230$12,327,123$85,283,763
90$255,002,761$27,246,923$12,530,238$92,842,864
91$280,796,588$28,365,568$12,733,547$101,133,743
92$309,214,568$29,532,209$12,936,848$110,229,589
93$340,524,148$30,748,982$13,139,927$120,210,999
94$375,020,051$32,018,122$13,342,555$131,166,733
95$413,027,053$33,341,966$13,544,487$143,194,537
96$454,903,051$34,722,961$13,745,466$156,402,067
97$501,042,438$36,163,662$13,945,215$170,907,885
98$551,879,830$37,666,744$14,143,443$186,842,580
99$607,894,164$39,235,006$14,339,840$204,349,984
100$669,613,222$40,871,375$14,534,078$223,588,522