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%13.5%
1 years$660,633$654,748$649,007$643,403$637,931$628,658
2 years$327,046$320,955$315,052$309,328$303,777$294,453
3 years$215,865$209,748$203,859$198,190$192,728$183,645
4 years$160,285$154,187$148,357$142,785$137,456$128,682
5 years$126,946$120,884$115,131$109,672$104,492$96,053
6 years$104,727$98,711$93,043$87,706$82,681$74,588
7 years$88,863$82,897$77,319$72,108$67,241$59,497
8 years$76,970$71,058$65,573$60,489$55,783$48,385
9 years$67,725$61,869$56,478$51,524$46,978$39,923
10 years$60,333$54,535$49,239$44,414$40,027$33,311
11 years$54,289$48,549$43,349$38,653$34,425$28,040
12 years$49,256$43,575$38,471$33,904$29,832$23,770
13 years$45,001$39,379$34,371$29,932$26,014$20,268
14 years$41,357$35,794$30,883$26,571$22,804$17,364
15 years$38,201$32,699$27,883$23,696$20,078$14,935
16 years$35,443$30,001$25,280$21,217$17,745$12,889
17 years$33,012$27,629$23,004$19,064$15,734$11,154
18 years$30,853$25,531$21,000$17,180$13,990$9,676
19 years$28,924$23,662$19,224$15,524$12,470$8,411
20 years$27,189$21,988$17,643$14,060$11,138$7,325
21 years$25,622$20,481$16,228$12,760$9,967$6,388
22 years$24,200$19,118$14,957$11,602$8,934$5,578
23 years$22,903$17,881$13,810$10,566$8,020$4,876
24 years$21,716$16,753$12,772$9,637$7,208$4,267
25 years$20,625$15,722$11,829$8,801$6,487$3,737
26 years$19,620$14,776$10,971$8,047$5,843$3,276
27 years$18,691$13,906$10,188$7,366$5,268$2,873
28 years$17,830$13,103$9,471$6,749$4,753$2,521
29 years$17,030$12,362$8,813$6,189$4,292$2,213
30 years$16,285$11,674$8,209$5,680$3,878$1,944
31 years$15,589$11,036$7,653$5,216$3,506$1,708
32 years$14,937$10,442$7,141$4,794$3,172$1,501
33 years$14,327$9,889$6,667$4,408$2,870$1,320
34 years$13,753$9,373$6,229$4,056$2,599$1,161
35 years$13,214$8,890$5,824$3,734$2,354$1,021
36 years$12,706$8,438$5,448$3,439$2,133$898
37 years$12,226$8,014$5,100$3,168$1,933$791
38 years$11,773$7,616$4,775$2,920$1,752$696
39 years$11,344$7,242$4,474$2,693$1,589$612
40 years$10,937$6,890$4,194$2,484$1,441$539
41 years$10,552$6,559$3,932$2,291$1,308$475
42 years$10,185$6,246$3,689$2,115$1,187$418
43 years$9,837$5,952$3,461$1,952$1,077$368
44 years$9,505$5,673$3,249$1,803$977$324
45 years$9,189$5,410$3,051$1,665$887$285
46 years$8,888$5,161$2,865$1,538$806$251
47 years$8,600$4,925$2,692$1,421$732$221
48 years$8,325$4,702$2,530$1,313$664$195
49 years$8,062$4,490$2,378$1,213$603$172
50 years$7,811$4,289$2,235$1,121$548$151

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 $6,473 every year, while hoping to spend $33,529 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: 37/33/30 Blend
49$8,000,000$8,000,000$8,000,000$8,000,000
50$8,822,677$8,398,677$8,274,677$9,069,865
51$9,686,915$8,774,537$8,516,204$9,629,955
52$10,638,182$9,167,691$8,764,698$10,231,041
53$11,685,319$9,578,951$9,020,358$10,879,707
54$12,838,069$10,009,166$9,283,387$11,580,286
55$14,107,165$10,459,229$9,553,994$12,337,526
56$15,504,438$10,930,073$9,832,394$13,156,641
57$17,042,919$11,422,675$10,118,809$14,043,352
58$18,736,973$11,938,062$10,413,464$15,003,942
59$20,602,423$12,477,306$10,716,595$16,045,306
60$22,656,709$13,041,533$11,028,440$17,175,018
61$24,919,047$13,631,922$11,349,246$18,401,400
62$27,410,611$14,249,707$11,679,267$19,733,590
63$30,154,734$14,896,183$12,018,763$21,181,631
64$33,177,127$15,572,706$12,368,001$22,756,559
65$36,506,123$16,280,697$12,727,258$24,470,504
66$40,172,941$17,021,645$13,096,814$26,336,798
67$44,211,985$17,797,110$13,476,962$28,370,100
68$48,661,166$18,608,727$13,867,999$30,586,525
69$53,562,259$19,458,209$14,270,231$33,003,796
70$58,961,300$20,347,352$14,683,974$35,641,403
71$64,909,017$21,278,037$15,109,552$38,520,780
72$71,461,312$22,252,236$15,547,298$41,665,508
73$78,679,786$23,272,015$15,997,552$45,101,525
74$86,632,321$24,339,541$16,460,667$48,857,368
75$95,393,721$25,457,081$16,937,002$52,964,434
76$105,046,419$26,627,016$17,426,930$57,457,275
77$115,681,251$27,851,838$17,930,830$62,373,908
78$127,398,319$29,134,159$18,449,093$67,756,175
79$140,307,933$30,476,717$18,982,122$73,650,126
80$154,531,648$31,882,383$19,530,330$80,106,446
81$170,203,421$33,354,164$20,094,140$87,180,927
82$187,470,864$34,895,213$20,673,989$94,934,984
83$206,496,648$36,508,834$21,270,323$103,436,226
84$227,460,031$38,198,491$21,883,603$112,759,085
85$250,558,551$39,967,814$22,514,301$122,985,510
86$276,009,894$41,820,608$23,162,901$134,205,728
87$304,053,947$43,760,862$23,829,903$146,519,084
88$334,955,062$45,792,756$24,515,816$160,034,972
89$369,004,550$47,920,672$25,221,168$174,873,852
90$406,523,434$50,149,205$25,946,496$191,168,375
91$447,865,477$52,483,169$26,692,357$209,064,623
92$493,420,523$54,927,612$27,459,319$228,723,475
93$543,618,176$57,487,825$28,247,966$250,322,112
94$598,931,856$60,169,354$29,058,898$274,055,670
95$659,883,267$62,978,014$29,892,733$300,139,075
96$727,047,323$65,919,900$30,750,102$328,809,049
97$801,057,576$69,001,400$31,631,656$360,326,328
98$882,612,194$72,229,215$32,538,063$394,978,112
99$972,480,556$75,610,364$33,470,006$433,080,748
100$1,071,510,511$79,152,210$34,428,189$474,982,706