Can I retire at age 50 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$511,990$507,430$502,980$498,637$494,397$488,624
2 years$253,460$248,740$244,165$239,729$235,427$229,617
3 years$167,295$162,554$157,991$153,597$149,365$143,697
4 years$124,221$119,495$114,977$110,658$106,528$101,047
5 years$98,383$93,685$89,227$84,996$80,981$75,702
6 years$81,164$76,501$72,109$67,972$64,077$59,007
7 years$68,869$64,245$59,923$55,883$52,112$47,252
8 years$59,652$55,070$50,819$46,879$43,232$38,583
9 years$52,487$47,949$43,770$39,931$36,408$31,967
10 years$46,758$42,264$38,160$34,421$31,021$26,786
11 years$42,074$37,625$33,596$29,956$26,679$22,646
12 years$38,174$33,771$29,815$26,276$23,120$19,284
13 years$34,876$30,519$26,638$23,198$20,161$16,518
14 years$32,052$27,741$23,934$20,592$17,673$14,217
15 years$29,606$25,342$21,609$18,365$15,561$12,287
16 years$27,468$23,250$19,592$16,443$13,752$10,655
17 years$25,584$21,413$17,828$14,774$12,194$9,267
18 years$23,911$19,786$16,275$13,315$10,842$8,080
19 years$22,416$18,338$14,899$12,031$9,664$7,059
20 years$21,072$17,040$13,673$10,896$8,632$6,179
21 years$19,857$15,872$12,577$9,889$7,725$5,417
22 years$18,755$14,816$11,591$8,991$6,924$4,756
23 years$17,750$13,857$10,703$8,189$6,215$4,180
24 years$16,830$12,984$9,898$7,469$5,587$3,678
25 years$15,985$12,184$9,168$6,821$5,027$3,239
26 years$15,206$11,451$8,503$6,237$4,528$2,855
27 years$14,486$10,777$7,895$5,708$4,083$2,518
28 years$13,818$10,155$7,340$5,230$3,684$2,222
29 years$13,198$9,580$6,830$4,796$3,326$1,962
30 years$12,621$9,048$6,362$4,402$3,006$1,733
31 years$12,081$8,553$5,931$4,043$2,717$1,531
32 years$11,576$8,093$5,534$3,715$2,458$1,354
33 years$11,103$7,664$5,167$3,416$2,224$1,197
34 years$10,659$7,264$4,828$3,143$2,014$1,059
35 years$10,241$6,890$4,514$2,894$1,824$937
36 years$9,847$6,539$4,222$2,665$1,653$829
37 years$9,475$6,211$3,952$2,455$1,498$734
38 years$9,124$5,902$3,701$2,263$1,358$650
39 years$8,791$5,613$3,467$2,087$1,232$576
40 years$8,476$5,340$3,250$1,925$1,117$510
41 years$8,177$5,083$3,047$1,776$1,013$451
42 years$7,894$4,841$2,859$1,639$920$400
43 years$7,624$4,612$2,682$1,513$835$354
44 years$7,366$4,397$2,518$1,397$758$314
45 years$7,122$4,193$2,364$1,290$688$278
46 years$6,888$4,000$2,221$1,192$624$246
47 years$6,665$3,817$2,086$1,101$567$218
48 years$6,452$3,644$1,960$1,017$515$194
49 years$6,248$3,480$1,843$940$468$171
50 years$6,053$3,324$1,732$869$425$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,200,000, adding $4,413 every year, while hoping to spend $48,510 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: 71/14/15 Blend
49$6,200,000$6,200,000$6,200,000$6,200,000
50$6,836,952$6,508,352$6,412,252$7,298,860
51$7,482,707$6,775,647$6,575,448$7,873,401
52$8,192,703$7,054,414$6,742,486$8,495,888
53$8,973,441$7,345,163$6,913,442$9,176,097
54$9,832,085$7,648,429$7,088,395$9,919,722
55$10,776,527$7,964,770$7,267,425$10,733,035
56$11,815,460$8,294,772$7,450,611$11,622,935
57$12,958,467$8,639,045$7,638,036$12,597,021
58$14,216,101$8,998,229$7,829,781$13,663,660
59$15,599,994$9,372,993$8,025,930$14,832,062
60$17,122,961$9,764,037$8,226,566$16,112,370
61$18,799,121$10,172,093$8,431,774$17,515,751
62$20,644,032$10,597,927$8,641,639$19,054,506
63$22,674,838$11,042,339$8,856,248$20,742,177
64$24,910,426$11,506,169$9,075,688$22,593,682
65$27,371,612$11,990,293$9,300,045$24,625,447
66$30,081,328$12,495,629$9,529,409$26,855,566
67$33,064,847$13,023,138$9,763,867$29,303,966
68$36,350,013$13,573,825$10,003,509$31,992,596
69$39,967,513$14,148,740$10,248,425$34,945,632
70$43,951,156$14,748,985$10,498,704$38,189,705
71$48,338,200$15,375,711$10,754,436$41,754,149
72$53,169,699$16,030,124$11,015,712$45,671,276
73$58,490,892$16,713,484$11,282,623$49,976,684
74$64,351,631$17,427,112$11,555,258$54,709,583
75$70,806,847$18,172,390$11,833,709$59,913,171
76$77,917,072$18,950,765$12,118,065$65,635,036
77$85,749,010$19,763,749$12,408,417$71,927,606
78$94,376,165$20,612,928$12,704,855$78,848,636
79$103,879,533$21,499,960$13,007,466$86,461,760
80$114,348,369$22,426,583$13,316,341$94,837,081
81$125,881,031$23,394,614$13,631,567$104,051,836
82$138,585,902$24,405,955$13,953,230$114,191,120
83$152,582,417$25,462,600$14,281,416$125,348,688
84$168,002,191$26,566,635$14,616,210$137,627,837
85$184,990,257$27,720,242$14,957,696$151,142,379
86$203,706,438$28,925,710$15,305,954$166,017,711
87$224,326,857$30,185,431$15,661,065$182,391,998
88$247,045,592$31,501,913$16,023,107$200,417,473
89$272,076,516$32,877,781$16,392,155$220,261,873
90$299,655,311$34,315,783$16,768,283$242,110,013
91$330,041,694$35,818,797$17,151,561$266,165,536
92$363,521,866$37,389,837$17,542,057$292,652,826
93$400,411,217$39,032,060$17,939,837$321,819,124
94$441,057,301$40,748,770$18,344,961$353,936,857
95$485,843,115$42,543,430$18,757,487$389,306,210
96$535,190,719$44,419,664$19,177,469$428,257,950
97$589,565,214$46,381,269$19,604,956$471,156,548
98$649,479,136$48,432,222$20,039,993$518,403,615
99$715,497,294$50,576,687$20,482,618$570,441,685
100$788,242,100$52,819,026$20,932,867$627,758,393