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

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$495,474$491,061$486,755$482,552$478,448$476,232
2 years$245,284$240,716$236,289$231,996$227,833$225,595
3 years$161,899$157,311$152,895$148,642$144,546$142,358
4 years$120,214$115,640$111,268$107,088$103,092$100,968
5 years$95,210$90,663$86,349$82,254$78,369$76,317
6 years$78,545$74,033$69,782$65,779$62,010$60,033
7 years$66,647$62,173$57,990$54,081$50,431$48,529
8 years$57,728$53,294$49,180$45,367$41,837$40,010
9 years$50,794$46,402$42,359$38,643$35,233$33,481
10 years$45,250$40,901$36,929$33,310$30,020$28,343
11 years$40,717$36,412$32,512$28,990$25,819$24,214
12 years$36,942$32,681$28,853$25,428$22,374$20,841
13 years$33,751$29,534$25,779$22,449$19,510$18,048
14 years$31,018$26,846$23,162$19,928$17,103$15,709
15 years$28,651$24,524$20,912$17,772$15,059$13,732
16 years$26,582$22,500$18,960$15,913$13,309$12,047
17 years$24,759$20,722$17,253$14,298$11,801$10,602
18 years$23,140$19,148$15,750$12,885$10,492$9,355
19 years$21,693$17,746$14,418$11,643$9,352$8,274
20 years$20,392$16,491$13,232$10,545$8,354$7,333
21 years$19,217$15,360$12,171$9,570$7,475$6,510
22 years$18,150$14,338$11,218$8,701$6,701$5,788
23 years$17,177$13,410$10,357$7,925$6,015$5,154
24 years$16,287$12,565$9,579$7,228$5,406$4,594
25 years$15,469$11,791$8,872$6,601$4,865$4,099
26 years$14,715$11,082$8,228$6,035$4,382$3,662
27 years$14,018$10,429$7,641$5,524$3,951$3,273
28 years$13,373$9,828$7,103$5,061$3,565$2,928
29 years$12,773$9,271$6,610$4,641$3,219$2,621
30 years$12,213$8,756$6,157$4,260$2,909$2,347
31 years$11,691$8,277$5,740$3,912$2,630$2,104
32 years$11,203$7,832$5,355$3,595$2,379$1,886
33 years$10,745$7,417$5,000$3,306$2,153$1,691
34 years$10,315$7,029$4,672$3,042$1,949$1,518
35 years$9,911$6,667$4,368$2,800$1,765$1,362
36 years$9,529$6,328$4,086$2,579$1,599$1,223
37 years$9,170$6,010$3,825$2,376$1,450$1,098
38 years$8,830$5,712$3,582$2,190$1,314$986
39 years$8,508$5,432$3,356$2,020$1,192$886
40 years$8,203$5,168$3,145$1,863$1,081$796
41 years$7,914$4,919$2,949$1,719$981$716
42 years$7,639$4,685$2,766$1,586$890$643
43 years$7,378$4,464$2,596$1,464$808$578
44 years$7,129$4,255$2,437$1,352$733$520
45 years$6,892$4,057$2,288$1,248$666$468
46 years$6,666$3,871$2,149$1,153$604$420
47 years$6,450$3,694$2,019$1,065$549$378
48 years$6,244$3,526$1,897$985$498$340
49 years$6,047$3,367$1,783$910$453$306
50 years$5,858$3,217$1,677$841$411$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,000,000, adding $4,280 every year, while hoping to spend $58,014 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: 52/43/5 Blend
49$6,000,000$6,000,000$6,000,000$6,000,000
50$6,616,415$6,298,415$6,205,415$6,952,827
51$7,229,563$6,545,311$6,351,570$7,428,117
52$7,903,307$6,802,360$6,500,677$7,938,000
53$8,643,768$7,069,999$6,652,773$8,491,049
54$9,457,687$7,348,684$6,807,895$9,091,336
55$10,352,492$7,638,890$6,966,081$9,743,334
56$11,336,366$7,941,115$7,127,364$10,451,959
57$12,418,324$8,255,879$7,291,780$11,222,613
58$13,608,300$8,583,724$7,459,361$12,061,235
59$14,917,238$8,925,218$7,630,141$12,974,355
60$16,357,195$9,280,953$7,804,150$13,969,150
61$17,941,458$9,651,548$7,981,418$15,053,516
62$19,684,664$10,037,651$8,161,973$16,236,133
63$21,602,942$10,439,939$8,345,841$17,526,552
64$23,714,064$10,859,117$8,533,048$18,935,275
65$26,037,610$11,295,925$8,723,617$20,473,859
66$28,595,156$11,751,136$8,917,568$22,155,017
67$31,410,476$12,225,555$9,114,920$23,992,737
68$34,509,765$12,720,027$9,315,690$26,002,412
69$37,921,886$13,235,435$9,519,891$28,200,981
70$41,678,647$13,772,699$9,727,536$30,607,086
71$45,815,091$14,332,784$9,938,631$33,241,246
72$50,369,838$14,916,697$10,153,182$36,126,045
73$55,385,439$15,525,493$10,371,192$39,286,343
74$60,908,785$16,160,273$10,592,658$42,749,507
75$66,991,544$16,822,190$10,817,575$46,545,665
76$73,690,651$17,512,447$11,045,933$50,707,986
77$81,068,846$18,232,305$11,277,720$55,272,991
78$89,195,261$18,983,081$11,512,917$60,280,888
79$98,146,079$19,766,153$11,751,501$65,775,954
80$108,005,246$20,582,962$11,993,443$71,806,943
81$118,865,269$21,435,015$12,238,711$78,427,543
82$130,828,084$22,323,888$12,487,266$85,696,876
83$144,006,021$23,251,231$12,739,061$93,680,054
84$158,522,862$24,218,768$12,994,047$102,448,786
85$174,515,009$25,228,303$13,252,163$112,082,045
86$192,132,775$26,281,724$13,513,345$122,666,816
87$211,541,795$27,381,006$13,777,519$134,298,901
88$232,924,597$28,528,214$14,044,605$147,083,825
89$256,482,319$29,725,510$14,314,512$161,137,818
90$282,436,611$30,975,155$14,587,143$176,588,910
91$311,031,722$32,279,515$14,862,390$193,578,127
92$342,536,813$33,641,066$15,140,135$212,260,821
93$377,248,487$35,062,398$15,420,249$232,808,120
94$415,493,600$36,546,222$15,702,594$255,408,540
95$457,632,336$38,095,376$15,987,020$280,269,755
96$504,061,612$39,712,827$16,273,363$307,620,544
97$555,218,823$41,401,683$16,561,448$337,712,947
98$611,585,973$43,165,195$16,851,086$370,824,626
99$673,694,219$45,006,766$17,142,074$407,261,483
100$742,128,890$46,929,958$17,434,194$447,360,529