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

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$685,406$679,301$673,344$667,531$661,854$646,379
2 years$339,310$332,991$326,866$320,928$315,168$299,666
3 years$223,960$217,613$211,504$205,622$199,956$184,909
4 years$166,296$159,969$153,921$148,139$142,610$128,136
5 years$131,707$125,417$119,449$113,785$108,410$94,549
6 years$108,655$102,413$96,532$90,995$85,781$72,547
7 years$92,195$86,006$80,219$74,812$69,763$57,158
8 years$79,857$73,723$68,032$62,758$57,875$45,894
9 years$70,265$64,189$58,596$53,456$48,739$37,373
10 years$62,596$56,580$51,085$46,079$41,528$30,764
11 years$56,325$50,370$44,975$40,103$35,716$25,539
12 years$51,104$45,209$39,914$35,176$30,950$21,345
13 years$46,689$40,856$35,660$31,055$26,989$17,936
14 years$42,908$37,137$32,041$27,567$23,659$15,139
15 years$39,634$33,925$28,929$24,585$20,831$12,825
16 years$36,772$31,126$26,228$22,013$18,411$10,898
17 years$34,250$28,665$23,867$19,779$16,324$9,284
18 years$32,010$26,488$21,787$17,824$14,515$7,926
19 years$30,008$24,549$19,945$16,106$12,937$6,779
20 years$28,209$22,812$18,305$14,587$11,556$5,806
21 years$26,583$21,249$16,837$13,239$10,341$4,980
22 years$25,107$19,835$15,518$12,037$9,269$4,275
23 years$23,762$18,551$14,328$10,962$8,321$3,674
24 years$22,530$17,381$13,251$9,998$7,479$3,160
25 years$21,399$16,311$12,273$9,131$6,730$2,720
26 years$20,356$15,330$11,382$8,349$6,062$2,342
27 years$19,392$14,427$10,570$7,642$5,465$2,018
28 years$18,499$13,595$9,826$7,002$4,931$1,740
29 years$17,669$12,825$9,144$6,421$4,453$1,500
30 years$16,895$12,112$8,517$5,893$4,024$1,294
31 years$16,173$11,450$7,940$5,412$3,638$1,116
32 years$15,497$10,834$7,408$4,974$3,291$963
33 years$14,864$10,260$6,917$4,574$2,978$832
34 years$14,269$9,724$6,463$4,208$2,696$718
35 years$13,710$9,223$6,042$3,874$2,442$620
36 years$13,182$8,754$5,653$3,568$2,213$535
37 years$12,685$8,314$5,291$3,287$2,005$462
38 years$12,214$7,902$4,955$3,030$1,818$399
39 years$11,769$7,514$4,642$2,794$1,649$345
40 years$11,347$7,149$4,351$2,577$1,495$298
41 years$10,947$6,805$4,080$2,377$1,357$258
42 years$10,567$6,481$3,827$2,194$1,231$223
43 years$10,206$6,175$3,591$2,025$1,117$192
44 years$9,862$5,886$3,371$1,870$1,014$166
45 years$9,534$5,613$3,165$1,727$921$144
46 years$9,221$5,354$2,973$1,595$836$124
47 years$8,923$5,110$2,793$1,474$759$107
48 years$8,637$4,878$2,624$1,362$689$93
49 years$8,365$4,658$2,467$1,259$626$80
50 years$8,104$4,450$2,319$1,163$569$69

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 $6,982 every year, while hoping to spend $52,326 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: 40/36/24 Blend
49$8,300,000$8,300,000$8,300,000$8,300,000
50$9,153,802$8,713,902$8,585,252$9,454,721
51$10,031,815$9,085,209$8,817,183$10,043,678
52$10,997,632$9,472,956$9,055,131$10,674,976
53$12,060,154$9,877,893$9,299,241$11,356,925
54$13,229,186$10,300,807$9,549,662$12,094,182
55$14,515,535$10,742,519$9,806,548$12,891,859
56$15,931,106$11,203,889$10,070,054$13,755,566
57$17,489,018$11,685,818$10,340,339$14,691,467
58$19,203,724$12,189,249$10,617,567$15,706,330
59$21,091,151$12,715,170$10,901,903$16,807,588
60$23,168,849$13,264,613$11,193,516$18,003,410
61$25,456,153$13,838,661$11,492,581$19,302,771
62$27,974,370$14,438,445$11,799,272$20,715,534
63$30,746,979$15,065,152$12,113,771$22,252,542
64$33,799,850$15,720,023$12,436,261$23,925,713
65$37,161,488$16,404,358$12,766,930$25,748,149
66$40,863,307$17,119,519$13,105,969$27,734,259
67$44,939,918$17,866,929$13,453,573$29,899,887
68$49,429,464$18,648,082$13,809,941$32,262,458
69$54,373,972$19,464,541$14,175,277$34,841,140
70$59,819,754$20,317,941$14,549,786$37,657,016
71$65,817,845$21,209,996$14,933,680$40,733,281
72$72,424,480$22,142,501$15,327,173$44,095,456
73$79,701,629$23,117,335$15,730,485$47,771,620
74$87,717,577$24,136,466$16,143,838$51,792,674
75$96,547,572$25,201,955$16,567,459$56,192,620
76$106,274,536$26,315,962$17,001,580$61,008,884
77$116,989,841$27,480,747$17,446,436$66,282,655
78$128,794,180$28,698,679$17,902,266$72,059,273
79$141,798,510$29,972,238$18,369,316$78,388,644
80$156,125,102$31,304,021$18,847,832$85,325,710
81$171,908,695$32,696,752$19,338,067$92,930,953
82$189,297,768$34,153,279$19,840,279$101,270,964
83$208,455,940$35,676,589$20,354,728$110,419,057
84$229,563,514$37,269,810$20,881,679$120,455,960
85$252,819,181$38,936,218$21,421,403$131,470,557
86$278,441,891$40,679,247$21,974,174$143,560,729
87$306,672,925$42,502,491$22,540,270$156,834,259
88$337,778,168$44,409,718$23,119,974$171,409,841
89$372,050,621$46,404,874$23,713,573$187,418,192
90$409,813,165$48,492,094$24,321,358$205,003,274
91$451,421,610$50,675,709$24,943,626$224,323,635
92$497,268,053$52,960,257$25,580,676$245,553,901
93$547,784,579$55,350,494$26,232,813$268,886,406
94$603,447,338$57,851,400$26,900,345$294,532,996
95$664,781,044$60,468,196$27,583,584$322,727,014
96$732,363,924$63,206,351$28,282,847$353,725,485
97$806,833,176$66,071,594$28,998,454$387,811,532
98$888,890,988$69,069,930$29,730,731$425,297,027
99$979,311,163$72,207,651$30,480,004$466,525,519
100$1,078,946,425$75,491,349$31,246,608$511,875,463