Can I retire at age 50 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$528,506$523,798$519,205$514,722$510,345$507,341
2 years$261,637$256,764$252,041$247,463$243,021$239,991
3 years$172,692$167,798$163,088$158,552$154,183$151,220
4 years$128,228$123,349$118,686$114,228$109,964$107,091
5 years$101,557$96,707$92,105$87,738$83,593$80,819
6 years$83,782$78,969$74,435$70,165$66,144$63,472
7 years$71,090$66,318$61,856$57,686$53,793$51,224
8 years$61,576$56,847$52,458$48,392$44,627$42,161
9 years$54,180$49,495$45,182$41,219$37,582$35,219
10 years$48,267$43,628$39,391$35,531$32,022$29,760
11 years$43,432$38,839$34,679$30,923$27,540$25,379
12 years$39,405$34,860$30,777$27,123$23,865$21,802
13 years$36,001$31,503$27,497$23,946$20,811$18,844
14 years$33,086$28,636$24,706$21,256$18,243$16,370
15 years$30,561$26,159$22,306$18,957$16,062$14,281
16 years$28,354$24,000$20,224$16,974$14,196$12,504
17 years$26,409$22,104$18,403$15,251$12,587$10,981
18 years$24,682$20,425$16,800$13,744$11,192$9,670
19 years$23,139$18,929$15,379$12,419$9,976$8,534
20 years$21,752$17,590$14,114$11,248$8,910$7,547
21 years$20,498$16,384$12,982$10,208$7,974$6,685
22 years$19,360$15,294$11,965$9,282$7,147$5,931
23 years$18,322$14,304$11,048$8,453$6,416$5,269
24 years$17,373$13,402$10,217$7,709$5,767$4,686
25 years$16,500$12,577$9,463$7,041$5,189$4,172
26 years$15,696$11,821$8,777$6,438$4,674$3,717
27 years$14,953$11,125$8,150$5,893$4,214$3,315
28 years$14,264$10,483$7,577$5,399$3,803$2,959
29 years$13,624$9,889$7,051$4,951$3,434$2,642
30 years$13,028$9,339$6,567$4,544$3,103$2,361
31 years$12,471$8,829$6,123$4,173$2,805$2,110
32 years$11,950$8,354$5,712$3,835$2,537$1,887
33 years$11,461$7,911$5,334$3,527$2,296$1,688
34 years$11,003$7,498$4,984$3,245$2,079$1,511
35 years$10,571$7,112$4,659$2,987$1,883$1,353
36 years$10,165$6,750$4,359$2,751$1,706$1,212
37 years$9,781$6,411$4,080$2,535$1,546$1,085
38 years$9,418$6,093$3,820$2,336$1,402$972
39 years$9,075$5,794$3,579$2,154$1,271$871
40 years$8,750$5,512$3,355$1,987$1,153$781
41 years$8,441$5,247$3,146$1,833$1,046$700
42 years$8,148$4,997$2,951$1,692$949$628
43 years$7,869$4,761$2,769$1,562$861$563
44 years$7,604$4,538$2,599$1,442$782$505
45 years$7,351$4,328$2,441$1,332$710$453
46 years$7,110$4,129$2,292$1,230$645$406
47 years$6,880$3,940$2,153$1,137$585$364
48 years$6,660$3,761$2,024$1,050$532$327
49 years$6,450$3,592$1,902$971$483$293
50 years$6,249$3,431$1,788$897$438$263

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,400,000, adding $4,506 every year, while hoping to spend $55,659 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: 56/27/17 Blend
49$6,400,000$6,400,000$6,400,000$6,400,000
50$7,057,448$6,718,248$6,619,048$7,420,682
51$7,718,087$6,988,221$6,781,565$7,938,250
52$8,444,246$7,269,558$6,947,662$8,495,384
53$9,242,548$7,562,756$7,117,398$9,101,044
54$10,120,293$7,868,336$7,290,835$9,759,890
55$11,085,520$8,186,842$7,468,036$10,477,050
56$12,147,089$8,518,842$7,649,061$11,258,164
57$13,314,759$8,864,933$7,833,971$12,109,433
58$14,599,285$9,225,735$8,022,830$13,037,682
59$16,012,514$9,601,898$8,215,697$14,050,417
60$17,567,502$9,994,103$8,412,634$15,155,898
61$19,278,633$10,403,060$8,613,703$16,363,214
62$21,161,756$10,829,511$8,818,964$17,682,367
63$23,234,333$11,274,235$9,028,477$19,124,365
64$25,515,606$11,738,044$9,242,303$20,701,323
65$28,026,777$12,221,788$9,460,499$22,426,576
66$30,791,208$12,726,356$9,683,126$24,314,804
67$33,834,641$13,252,676$9,910,240$26,382,166
68$37,185,440$13,801,723$10,141,899$28,646,451
69$40,874,859$14,374,512$10,378,157$31,127,247
70$44,937,340$14,972,108$10,619,070$33,846,117
71$49,410,831$15,595,623$10,864,691$36,826,806
72$54,337,148$16,246,222$11,115,071$40,095,459
73$59,762,373$16,925,122$11,370,261$43,680,866
74$65,737,279$17,633,598$11,630,310$47,614,731
75$72,317,820$18,372,982$11,895,263$51,931,970
76$79,565,648$19,144,668$12,165,165$56,671,034
77$87,548,704$19,950,117$12,440,058$61,874,271
78$96,341,854$20,790,855$12,719,982$67,588,320
79$106,027,595$21,668,479$13,004,973$73,864,554
80$116,696,837$22,584,661$13,295,067$80,759,553
81$128,449,755$23,541,151$13,590,293$88,335,639
82$141,396,742$24,539,779$13,890,679$96,661,460
83$155,659,441$25,582,460$14,196,249$105,812,634
84$171,371,904$26,671,200$14,507,022$115,872,457
85$188,681,846$27,808,097$14,823,016$126,932,685
86$207,752,048$28,995,347$15,144,241$139,094,398
87$228,761,887$30,235,250$15,470,703$152,468,945
88$251,909,033$31,530,210$15,802,404$167,178,994
89$277,411,310$32,882,746$16,139,340$183,359,683
90$305,508,757$34,295,494$16,481,502$201,159,890
91$336,465,892$35,771,214$16,828,873$220,743,632
92$370,574,203$37,312,795$17,181,432$242,291,608
93$408,154,910$38,923,260$17,539,148$266,002,901
94$449,561,986$40,605,775$17,901,984$292,096,845
95$495,185,505$42,363,654$18,269,897$320,815,094
96$545,455,322$44,200,368$18,642,833$352,423,894
97$600,845,127$46,119,549$19,020,731$387,216,587
98$661,876,924$48,125,000$19,403,519$425,516,379
99$729,125,950$50,220,705$19,791,117$467,679,373
100$803,226,111$52,410,833$20,183,433$514,097,930