Can I retire at age 50 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$660,633$654,748$649,007$643,403$637,931$628,398
2 years$327,046$320,955$315,052$309,328$303,777$294,194
3 years$215,865$209,748$203,859$198,190$192,728$183,394
4 years$160,285$154,187$148,357$142,785$137,456$128,441
5 years$126,946$120,884$115,131$109,672$104,492$95,823
6 years$104,727$98,711$93,043$87,706$82,681$74,369
7 years$88,863$82,897$77,319$72,108$67,241$59,289
8 years$76,970$71,058$65,573$60,489$55,783$48,189
9 years$67,725$61,869$56,478$51,524$46,978$39,737
10 years$60,333$54,535$49,239$44,414$40,027$33,135
11 years$54,289$48,549$43,349$38,653$34,425$27,875
12 years$49,256$43,575$38,471$33,904$29,832$23,615
13 years$45,001$39,379$34,371$29,932$26,014$20,123
14 years$41,357$35,794$30,883$26,571$22,804$17,228
15 years$38,201$32,699$27,883$23,696$20,078$14,808
16 years$35,443$30,001$25,280$21,217$17,745$12,770
17 years$33,012$27,629$23,004$19,064$15,734$11,044
18 years$30,853$25,531$21,000$17,180$13,990$9,574
19 years$28,924$23,662$19,224$15,524$12,470$8,316
20 years$27,189$21,988$17,643$14,060$11,138$7,236
21 years$25,622$20,481$16,228$12,760$9,967$6,306
22 years$24,200$19,118$14,957$11,602$8,934$5,502
23 years$22,903$17,881$13,810$10,566$8,020$4,807
24 years$21,716$16,753$12,772$9,637$7,208$4,203
25 years$20,625$15,722$11,829$8,801$6,487$3,678
26 years$19,620$14,776$10,971$8,047$5,843$3,221
27 years$18,691$13,906$10,188$7,366$5,268$2,823
28 years$17,830$13,103$9,471$6,749$4,753$2,475
29 years$17,030$12,362$8,813$6,189$4,292$2,171
30 years$16,285$11,674$8,209$5,680$3,878$1,905
31 years$15,589$11,036$7,653$5,216$3,506$1,673
32 years$14,937$10,442$7,141$4,794$3,172$1,469
33 years$14,327$9,889$6,667$4,408$2,870$1,291
34 years$13,753$9,373$6,229$4,056$2,599$1,134
35 years$13,214$8,890$5,824$3,734$2,354$997
36 years$12,706$8,438$5,448$3,439$2,133$876
37 years$12,226$8,014$5,100$3,168$1,933$770
38 years$11,773$7,616$4,775$2,920$1,752$677
39 years$11,344$7,242$4,474$2,693$1,589$596
40 years$10,937$6,890$4,194$2,484$1,441$524
41 years$10,552$6,559$3,932$2,291$1,308$461
42 years$10,185$6,246$3,689$2,115$1,187$405
43 years$9,837$5,952$3,461$1,952$1,077$357
44 years$9,505$5,673$3,249$1,803$977$314
45 years$9,189$5,410$3,051$1,665$887$276
46 years$8,888$5,161$2,865$1,538$806$243
47 years$8,600$4,925$2,692$1,421$732$214
48 years$8,325$4,702$2,530$1,313$664$188
49 years$8,062$4,490$2,378$1,213$603$166
50 years$7,811$4,289$2,235$1,121$548$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,000,000, adding $2,145 every year, while hoping to spend $37,559 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: 65/28/7 Blend
49$8,000,000$8,000,000$8,000,000$8,000,000
50$8,818,213$8,394,213$8,270,213$9,380,160
51$9,677,708$8,765,566$8,507,302$10,125,517
52$10,623,613$9,153,858$8,751,076$10,934,857
53$11,664,701$9,559,877$9,001,717$11,818,084
54$12,810,642$9,984,452$9,259,415$12,782,381
55$14,072,087$10,428,449$9,524,365$13,835,646
56$15,460,774$10,892,778$9,796,765$14,986,569
57$16,989,637$11,378,388$10,076,821$16,244,709
58$18,672,928$11,886,277$10,364,743$17,620,582
59$20,526,350$12,417,489$10,660,745$19,125,759
60$22,567,208$12,973,116$10,965,051$20,772,973
61$24,814,570$13,554,305$11,277,887$22,576,234
62$27,289,446$14,162,256$11,599,486$24,550,963
63$30,014,989$14,798,226$11,930,088$26,714,129
64$33,016,711$15,463,532$12,269,939$29,084,413
65$36,322,724$16,159,554$12,619,291$31,682,376
66$39,964,008$16,887,738$12,978,403$34,530,649
67$43,974,698$17,649,598$13,347,541$37,654,151
68$48,392,411$18,446,722$13,726,977$41,080,310
69$53,258,598$19,280,773$14,116,991$44,839,328
70$58,618,936$20,153,492$14,517,872$48,964,456
71$64,523,759$21,066,704$14,929,912$53,492,306
72$71,028,533$22,022,324$15,353,415$58,463,192
73$78,194,380$23,022,354$15,788,691$63,921,506
74$86,088,653$24,068,896$16,236,058$69,916,133
75$94,785,573$25,164,149$16,695,843$76,500,909
76$104,366,929$26,310,419$17,168,381$83,735,121
77$114,922,850$27,510,124$17,654,016$91,684,063
78$126,552,655$28,765,794$18,153,100$100,419,646
79$139,365,792$30,080,085$18,665,995$110,021,074
80$153,482,869$31,455,775$19,193,072$120,575,583
81$169,036,793$32,895,780$19,734,712$132,179,257
82$186,174,027$34,403,153$20,291,305$144,937,933
83$205,055,965$35,981,096$20,863,252$158,968,187
84$225,860,465$37,632,961$21,450,963$174,398,434
85$248,783,521$39,362,265$22,054,858$191,370,128
86$274,041,116$41,172,691$22,675,371$210,039,090
87$301,871,257$43,068,101$23,312,944$230,576,972
88$332,536,229$45,052,541$23,968,031$253,172,870
89$366,325,062$47,130,254$24,641,098$278,035,096
90$403,556,265$49,305,683$25,332,622$305,393,140
91$444,580,832$51,583,489$26,043,092$335,499,820
92$489,785,552$53,968,555$26,773,011$368,633,667
93$539,596,664$56,465,999$27,522,892$405,101,536
94$594,483,878$59,081,188$28,293,263$445,241,495
95$654,964,811$61,819,744$29,084,665$489,426,003
96$721,609,872$64,687,562$29,897,652$538,065,417
97$795,047,647$67,690,820$30,732,791$591,611,849
98$875,970,832$70,835,995$31,590,665$650,563,422
99$965,142,775$74,129,877$32,471,870$715,468,960
100$1,063,404,677$77,579,580$33,377,017$786,933,150