Can I retire at age 50 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$561,538$556,536$551,656$546,893$542,242$523,836
2 years$277,989$272,812$267,794$262,929$258,210$239,852
3 years$183,485$178,285$173,280$168,461$163,819$146,084
4 years$136,242$131,059$126,104$121,367$116,837$99,861
5 years$107,904$102,752$97,862$93,221$88,818$72,646
6 years$89,018$83,904$79,087$74,550$70,279$54,923
7 years$75,534$70,463$65,722$61,292$57,155$42,614
8 years$65,425$60,400$55,737$51,416$47,416$33,678
9 years$57,566$52,589$48,006$43,795$39,931$26,979
10 years$51,283$46,354$41,853$37,752$34,023$21,836
11 years$46,146$41,267$36,847$32,855$29,261$17,816
12 years$41,868$37,039$32,701$28,819$25,357$14,627
13 years$38,251$33,472$29,216$25,442$22,112$12,069
14 years$35,153$30,425$26,250$22,585$19,383$9,999
15 years$32,471$27,794$23,701$20,142$17,066$8,311
16 years$30,127$25,500$21,488$18,035$15,083$6,927
17 years$28,060$23,485$19,553$16,204$13,374$5,786
18 years$26,225$21,701$17,850$14,603$11,891$4,841
19 years$24,585$20,112$16,341$13,195$10,599$4,057
20 years$23,111$18,689$14,997$11,951$9,467$3,405
21 years$21,779$17,408$13,794$10,846$8,472$2,860
22 years$20,570$16,250$12,713$9,862$7,594$2,404
23 years$19,467$15,198$11,738$8,981$6,817$2,023
24 years$18,458$14,240$10,856$8,191$6,127$1,703
25 years$17,531$13,364$10,055$7,481$5,514$1,434
26 years$16,677$12,560$9,325$6,840$4,966$1,209
27 years$15,888$11,820$8,659$6,261$4,478$1,019
28 years$15,156$11,138$8,050$5,736$4,040$859
29 years$14,476$10,507$7,491$5,260$3,648$725
30 years$13,842$9,923$6,978$4,828$3,296$611
31 years$13,250$9,381$6,505$4,434$2,980$516
32 years$12,697$8,876$6,070$4,075$2,696$435
33 years$12,178$8,406$5,667$3,747$2,440$367
34 years$11,690$7,967$5,295$3,448$2,209$310
35 years$11,232$7,556$4,950$3,174$2,001$262
36 years$10,800$7,172$4,631$2,923$1,813$221
37 years$10,392$6,812$4,335$2,693$1,643$187
38 years$10,007$6,474$4,059$2,482$1,489$158
39 years$9,642$6,156$3,803$2,289$1,351$133
40 years$9,297$5,857$3,565$2,111$1,225$112
41 years$8,969$5,575$3,342$1,948$1,111$95
42 years$8,657$5,309$3,135$1,798$1,009$80
43 years$8,361$5,059$2,942$1,659$915$68
44 years$8,079$4,822$2,762$1,532$831$57
45 years$7,811$4,598$2,593$1,415$754$48
46 years$7,555$4,387$2,435$1,307$685$41
47 years$7,310$4,186$2,288$1,208$622$34
48 years$7,076$3,996$2,150$1,116$565$29
49 years$6,853$3,816$2,021$1,031$513$25
50 years$6,639$3,645$1,900$953$466$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $6,800,000, adding $5,494 every year, while hoping to spend $30,470 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: 44/44/12 Blend
49$6,800,000$6,800,000$6,800,000$6,800,000
50$7,499,267$7,138,867$7,033,467$7,803,151
51$8,231,772$7,456,252$7,236,668$8,332,705
52$9,037,972$7,788,167$7,445,656$8,902,805
53$9,925,351$8,135,293$7,660,591$9,520,027
54$10,902,156$8,498,341$7,881,639$10,188,719
55$11,977,474$8,878,058$8,108,973$10,913,655
56$13,161,318$9,275,225$8,342,765$11,700,070
57$14,464,722$9,690,660$8,583,197$12,553,715
58$15,899,843$10,125,222$8,830,454$13,480,904
59$17,480,078$10,579,809$9,084,725$14,488,572
60$19,220,187$11,055,361$9,346,205$15,584,333
61$21,136,438$11,552,865$9,615,094$16,776,556
62$23,246,754$12,073,355$9,891,599$18,074,433
63$25,570,886$12,617,912$10,175,931$19,488,068
64$28,130,597$13,187,671$10,468,305$21,028,563
65$30,949,871$13,783,820$10,768,946$22,708,124
66$34,055,134$14,407,603$11,078,082$24,540,168
67$37,475,508$15,060,326$11,395,948$26,539,446
68$41,243,082$15,743,354$11,722,785$28,722,178
69$45,393,219$16,458,121$12,058,841$31,106,204
70$49,964,886$17,206,127$12,404,370$33,711,142
71$55,001,021$17,988,944$12,759,633$36,558,569
72$60,548,943$18,808,220$13,124,899$39,672,225
73$66,660,794$19,665,683$13,500,442$43,078,223
74$73,394,034$20,563,140$13,886,546$46,805,293
75$80,811,980$21,502,488$14,283,500$50,885,050
76$88,984,407$22,485,715$14,691,602$55,352,279
77$97,988,205$23,514,903$15,111,159$60,245,261
78$107,908,102$24,592,233$15,542,483$65,606,128
79$118,837,469$25,719,994$15,985,897$71,481,247
80$130,879,198$26,900,581$16,441,732$77,921,656
81$144,146,673$28,136,506$16,910,327$84,983,536
82$158,764,842$29,430,403$17,392,030$92,728,727
83$174,871,392$30,785,029$17,887,200$101,225,312
84$192,618,056$32,203,277$18,396,202$110,548,241
85$212,172,037$33,688,177$18,919,415$120,780,035
86$233,717,593$35,242,906$19,457,223$132,011,550
87$257,457,772$36,870,793$20,010,025$144,342,827
88$283,616,330$38,575,327$20,578,226$157,884,022
89$312,439,844$40,360,166$21,162,245$172,756,435
90$344,200,038$42,229,144$21,762,510$189,093,641
91$379,196,348$44,186,279$22,379,460$207,042,743
92$417,758,751$46,235,782$23,013,548$226,765,738
93$460,250,877$48,382,069$23,665,235$248,441,039
94$507,073,443$50,629,767$24,334,997$272,265,141
95$558,668,036$52,983,727$25,023,321$298,454,460
96$615,521,279$55,449,033$25,730,706$327,247,359
97$678,169,431$58,031,017$26,457,666$358,906,383
98$747,203,440$60,735,264$27,204,725$393,720,716
99$823,274,532$63,567,633$27,972,424$432,008,894
100$907,100,349$66,534,262$28,761,316$474,121,791