Can I retire at age 50 with 6,300,000?

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 $6,300,000?

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 years$520,248$515,614$511,093$506,680$502,371$500,254
2 years$257,549$252,752$248,103$243,596$239,224$237,087
3 years$169,994$165,176$160,539$156,074$151,774$149,683
4 years$126,225$121,422$116,831$112,443$108,246$106,217
5 years$99,970$95,196$90,666$86,367$82,287$80,326
6 years$82,473$77,735$73,272$69,068$65,111$63,220
7 years$69,980$65,282$60,889$56,785$52,953$51,134
8 years$60,614$55,958$51,639$47,635$43,929$42,182
9 years$53,333$48,722$44,476$40,575$36,995$35,319
10 years$47,512$42,946$38,776$34,976$31,521$29,916
11 years$42,753$38,232$34,137$30,439$27,110$25,573
12 years$38,789$34,315$30,296$26,700$23,493$22,025
13 years$35,438$31,011$27,068$23,572$20,486$19,085
14 years$32,569$28,188$24,320$20,924$17,958$16,623
15 years$30,084$25,750$21,958$18,661$15,812$14,540
16 years$27,911$23,625$19,908$16,709$13,974$12,765
17 years$25,997$21,758$18,116$15,013$12,391$11,241
18 years$24,297$20,106$16,537$13,529$11,017$9,926
19 years$22,777$18,634$15,139$12,225$9,820$8,786
20 years$21,412$17,315$13,894$11,072$8,771$7,792
21 years$20,178$16,128$12,780$10,049$7,849$6,922
22 years$19,057$15,055$11,778$9,136$7,036$6,160
23 years$18,036$14,081$10,875$8,321$6,316$5,488
24 years$17,101$13,193$10,058$7,589$5,677$4,896
25 years$16,242$12,381$9,316$6,931$5,108$4,372
26 years$15,451$11,636$8,640$6,337$4,601$3,908
27 years$14,719$10,951$8,023$5,801$4,148$3,496
28 years$14,041$10,319$7,458$5,315$3,743$3,130
29 years$13,411$9,735$6,940$4,874$3,380$2,804
30 years$12,824$9,193$6,465$4,473$3,054$2,514
31 years$12,276$8,691$6,027$4,108$2,761$2,254
32 years$11,763$8,223$5,623$3,775$2,498$2,023
33 years$11,282$7,788$5,250$3,472$2,260$1,816
34 years$10,831$7,381$4,906$3,194$2,047$1,630
35 years$10,406$7,001$4,586$2,940$1,854$1,464
36 years$10,006$6,645$4,291$2,708$1,679$1,316
37 years$9,628$6,311$4,016$2,495$1,522$1,183
38 years$9,271$5,998$3,761$2,300$1,380$1,063
39 years$8,933$5,703$3,523$2,121$1,251$956
40 years$8,613$5,426$3,302$1,956$1,135$860
41 years$8,309$5,165$3,097$1,805$1,030$773
42 years$8,021$4,919$2,905$1,665$934$696
43 years$7,746$4,687$2,726$1,537$848$626
44 years$7,485$4,468$2,559$1,419$770$563
45 years$7,236$4,260$2,402$1,311$699$507
46 years$6,999$4,064$2,256$1,211$634$456
47 years$6,773$3,878$2,120$1,119$576$411
48 years$6,556$3,702$1,992$1,034$523$370
49 years$6,349$3,536$1,872$955$475$333
50 years$6,151$3,377$1,760$883$432$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,300,000, adding $3,125 every year, while hoping to spend $37,278 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: 64/20/16 Blend
49$6,300,000$6,300,000$6,300,000$6,300,000
50$6,945,823$6,611,923$6,514,273$7,362,873
51$7,614,634$6,896,244$6,692,838$7,927,199
52$8,350,414$7,193,247$6,876,135$8,538,852
53$9,159,954$7,503,515$7,064,284$9,206,115
54$10,050,739$7,827,656$7,257,407$9,934,413
55$11,031,012$8,166,309$7,455,628$10,729,718
56$12,109,858$8,520,141$7,659,074$11,598,597
57$13,297,288$8,889,853$7,867,878$12,548,278
58$14,604,331$9,276,175$8,082,171$13,586,716
59$16,043,140$9,679,874$8,302,091$14,722,666
60$17,627,106$10,101,754$8,527,777$15,965,764
61$19,370,985$10,542,654$8,759,372$17,326,617
62$21,291,036$11,003,455$8,997,021$18,816,902
63$23,405,174$11,485,077$9,240,874$20,449,471
64$25,733,143$11,988,486$9,491,084$22,238,476
65$28,296,694$12,514,693$9,747,806$24,199,497
66$31,119,798$13,064,755$10,011,199$26,349,689
67$34,228,870$13,639,780$10,281,427$28,707,941
68$37,653,015$14,240,929$10,558,655$31,295,050
69$41,424,306$14,869,418$10,843,053$34,133,922
70$45,578,085$15,526,520$11,134,795$37,249,777
71$50,153,298$16,213,567$11,434,058$40,670,393
72$55,192,858$16,931,956$11,741,024$44,426,359
73$60,744,058$17,683,150$12,055,876$48,551,366
74$66,859,008$18,468,681$12,378,804$53,082,521
75$73,595,133$19,290,152$12,710,001$58,060,692
76$81,015,714$20,149,246$13,049,662$63,530,894
77$89,190,480$21,047,723$13,397,990$69,542,712
78$98,196,274$21,987,427$13,755,187$76,150,759
79$108,117,773$22,970,289$14,121,465$83,415,198
80$119,048,287$23,998,335$14,497,035$91,402,299
81$131,090,642$25,073,683$14,882,116$100,185,063
82$144,358,150$26,198,556$15,276,929$109,843,911
83$158,975,676$27,375,279$15,681,701$120,467,432
84$175,080,818$28,606,292$16,096,661$132,153,222
85$192,825,209$29,894,147$16,522,046$145,008,799
86$212,375,940$31,241,521$16,958,095$159,152,612
87$233,917,147$32,651,216$17,405,053$174,715,155
88$257,651,742$34,126,171$17,863,167$191,840,196
89$283,803,329$35,669,463$18,332,693$210,686,127
90$312,618,317$37,284,316$18,813,887$231,427,455
91$344,368,247$38,974,108$19,307,013$254,256,444
92$379,352,349$40,742,381$19,812,340$279,384,924
93$417,900,374$42,592,843$20,330,138$307,046,283
94$460,375,701$44,529,381$20,860,687$337,497,669
95$507,178,771$46,556,069$21,404,268$371,022,405
96$558,750,863$48,677,174$21,961,169$407,932,661
97$615,578,264$50,897,169$22,531,681$448,572,391
98$678,196,857$53,220,739$23,116,102$493,320,575
99$747,197,179$55,652,798$23,714,734$542,594,789
100$823,229,997$58,198,491$24,327,883$596,855,138