Can I retire at age 50 with 8,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$685,406$679,301$673,344$667,531$661,854$638,879
2 years$339,310$332,991$326,866$320,928$315,168$292,259
3 years$223,960$217,613$211,504$205,622$199,956$177,832
4 years$166,296$159,969$153,921$148,139$142,610$121,441
5 years$131,707$125,417$119,449$113,785$108,410$88,251
6 years$108,655$102,413$96,532$90,995$85,781$66,648
7 years$92,195$86,006$80,219$74,812$69,763$51,652
8 years$79,857$73,723$68,032$62,758$57,875$40,772
9 years$70,265$64,189$58,596$53,456$48,739$32,623
10 years$62,596$56,580$51,085$46,079$41,528$26,371
11 years$56,325$50,370$44,975$40,103$35,716$21,487
12 years$51,104$45,209$39,914$35,176$30,950$17,618
13 years$46,689$40,856$35,660$31,055$26,989$14,517
14 years$42,908$37,137$32,041$27,567$23,659$12,011
15 years$39,634$33,925$28,929$24,585$20,831$9,969
16 years$36,772$31,126$26,228$22,013$18,411$8,296
17 years$34,250$28,665$23,867$19,779$16,324$6,919
18 years$32,010$26,488$21,787$17,824$14,515$5,781
19 years$30,008$24,549$19,945$16,106$12,937$4,838
20 years$28,209$22,812$18,305$14,587$11,556$4,053
21 years$26,583$21,249$16,837$13,239$10,341$3,399
22 years$25,107$19,835$15,518$12,037$9,269$2,853
23 years$23,762$18,551$14,328$10,962$8,321$2,397
24 years$22,530$17,381$13,251$9,998$7,479$2,015
25 years$21,399$16,311$12,273$9,131$6,730$1,694
26 years$20,356$15,330$11,382$8,349$6,062$1,425
27 years$19,392$14,427$10,570$7,642$5,465$1,200
28 years$18,499$13,595$9,826$7,002$4,931$1,010
29 years$17,669$12,825$9,144$6,421$4,453$850
30 years$16,895$12,112$8,517$5,893$4,024$716
31 years$16,173$11,450$7,940$5,412$3,638$603
32 years$15,497$10,834$7,408$4,974$3,291$508
33 years$14,864$10,260$6,917$4,574$2,978$428
34 years$14,269$9,724$6,463$4,208$2,696$361
35 years$13,710$9,223$6,042$3,874$2,442$304
36 years$13,182$8,754$5,653$3,568$2,213$256
37 years$12,685$8,314$5,291$3,287$2,005$216
38 years$12,214$7,902$4,955$3,030$1,818$182
39 years$11,769$7,514$4,642$2,794$1,649$154
40 years$11,347$7,149$4,351$2,577$1,495$129
41 years$10,947$6,805$4,080$2,377$1,357$109
42 years$10,567$6,481$3,827$2,194$1,231$92
43 years$10,206$6,175$3,591$2,025$1,117$78
44 years$9,862$5,886$3,371$1,870$1,014$65
45 years$9,534$5,613$3,165$1,727$921$55
46 years$9,221$5,354$2,973$1,595$836$46
47 years$8,923$5,110$2,793$1,474$759$39
48 years$8,637$4,878$2,624$1,362$689$33
49 years$8,365$4,658$2,467$1,259$626$28
50 years$8,104$4,450$2,319$1,163$569$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,300,000, adding $3,723 every year, while hoping to spend $20,152 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: 53/19/28 Blend
49$8,300,000$8,300,000$8,300,000$8,300,000
50$9,150,440$8,710,540$8,581,890$9,563,652
51$10,062,344$9,115,915$8,847,942$10,255,883
52$11,066,586$9,540,478$9,122,231$11,006,463
53$12,172,564$9,985,148$9,405,012$11,822,930
54$13,390,633$10,450,888$9,696,548$12,711,598
55$14,732,204$10,938,708$9,997,109$13,679,414
56$16,209,851$11,449,666$10,306,974$14,734,012
57$17,837,428$11,984,873$10,626,430$15,883,789
58$19,630,206$12,545,491$10,955,775$17,137,980
59$21,605,007$13,132,741$11,295,314$18,506,744
60$23,780,373$13,747,900$11,645,362$20,001,255
61$26,176,733$14,392,309$12,006,243$21,633,807
62$28,816,600$15,067,373$12,378,294$23,417,926
63$31,724,784$15,774,565$12,761,857$25,368,496
64$34,928,623$16,515,430$13,157,290$27,501,893
65$38,458,243$17,291,586$13,564,960$29,836,143
66$42,346,841$18,104,731$13,985,244$32,391,084
67$46,631,001$18,956,645$14,418,531$35,188,548
68$51,351,036$19,849,193$14,865,225$38,252,570
69$56,551,370$20,784,332$15,325,738$41,609,606
70$62,280,958$21,764,112$15,800,498$45,288,781
71$68,593,746$22,790,684$16,289,945$49,322,159
72$75,549,182$23,866,302$16,794,533$53,745,042
73$83,212,778$24,993,330$17,314,729$58,596,298
74$91,656,724$26,174,246$17,851,015$63,918,726
75$100,960,575$27,411,649$18,403,889$69,759,450
76$111,211,996$28,708,263$18,973,862$76,170,365
77$122,507,596$30,066,944$19,561,462$83,208,619
78$134,953,834$31,490,687$20,167,235$90,937,143
79$148,668,028$32,982,634$20,791,740$99,425,248
80$163,779,461$34,546,076$21,435,557$108,749,266
81$180,430,599$36,184,467$22,099,281$118,993,267
82$198,778,441$37,901,427$22,783,528$130,249,847
83$218,995,996$39,700,751$23,488,930$142,620,993
84$241,273,919$41,586,420$24,216,142$156,219,043
85$265,822,311$43,562,607$24,965,835$171,167,733
86$292,872,701$45,633,688$25,738,704$187,603,365
87$322,680,230$47,804,253$26,535,465$205,676,078
88$355,526,065$50,079,113$27,356,854$225,551,262
89$391,720,047$52,463,313$28,203,632$247,411,109
90$431,603,620$54,962,143$29,076,582$271,456,325
91$475,553,054$57,581,153$29,976,512$297,908,013
92$523,982,995$60,326,159$30,904,254$327,009,751
93$577,350,381$63,203,261$31,860,667$359,029,884
94$636,158,755$66,218,856$32,846,635$394,264,042
95$700,963,021$69,379,653$33,863,070$433,037,922
96$772,374,678$72,692,685$34,910,912$475,710,352
97$851,067,598$76,165,329$35,991,130$522,676,662
98$937,784,382$79,805,319$37,104,722$574,372,410
99$1,033,343,377$83,620,768$38,252,718$631,277,471
100$1,138,646,396$87,620,180$39,436,179$693,920,563