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%14.3%
1 years$685,406$679,301$673,344$667,531$661,854$650,087
2 years$339,310$332,991$326,866$320,928$315,168$303,354
3 years$223,960$217,613$211,504$205,622$199,956$188,461
4 years$166,296$159,969$153,921$148,139$142,610$131,524
5 years$131,707$125,417$119,449$113,785$108,410$97,764
6 years$108,655$102,413$96,532$90,995$85,781$75,588
7 years$92,195$86,006$80,219$74,812$69,763$60,025
8 years$79,857$73,723$68,032$62,758$57,875$48,590
9 years$70,265$64,189$58,596$53,456$48,739$39,902
10 years$62,596$56,580$51,085$46,079$41,528$33,131
11 years$56,325$50,370$44,975$40,103$35,716$27,748
12 years$51,104$45,209$39,914$35,176$30,950$23,403
13 years$46,689$40,856$35,660$31,055$26,989$19,850
14 years$42,908$37,137$32,041$27,567$23,659$16,915
15 years$39,634$33,925$28,929$24,585$20,831$14,469
16 years$36,772$31,126$26,228$22,013$18,411$12,417
17 years$34,250$28,665$23,867$19,779$16,324$10,685
18 years$32,010$26,488$21,787$17,824$14,515$9,216
19 years$30,008$24,549$19,945$16,106$12,937$7,964
20 years$28,209$22,812$18,305$14,587$11,556$6,894
21 years$26,583$21,249$16,837$13,239$10,341$5,976
22 years$25,107$19,835$15,518$12,037$9,269$5,186
23 years$23,762$18,551$14,328$10,962$8,321$4,506
24 years$22,530$17,381$13,251$9,998$7,479$3,919
25 years$21,399$16,311$12,273$9,131$6,730$3,410
26 years$20,356$15,330$11,382$8,349$6,062$2,970
27 years$19,392$14,427$10,570$7,642$5,465$2,588
28 years$18,499$13,595$9,826$7,002$4,931$2,256
29 years$17,669$12,825$9,144$6,421$4,453$1,968
30 years$16,895$12,112$8,517$5,893$4,024$1,717
31 years$16,173$11,450$7,940$5,412$3,638$1,499
32 years$15,497$10,834$7,408$4,974$3,291$1,309
33 years$14,864$10,260$6,917$4,574$2,978$1,143
34 years$14,269$9,724$6,463$4,208$2,696$999
35 years$13,710$9,223$6,042$3,874$2,442$872
36 years$13,182$8,754$5,653$3,568$2,213$762
37 years$12,685$8,314$5,291$3,287$2,005$666
38 years$12,214$7,902$4,955$3,030$1,818$582
39 years$11,769$7,514$4,642$2,794$1,649$509
40 years$11,347$7,149$4,351$2,577$1,495$445
41 years$10,947$6,805$4,080$2,377$1,357$389
42 years$10,567$6,481$3,827$2,194$1,231$340
43 years$10,206$6,175$3,591$2,025$1,117$298
44 years$9,862$5,886$3,371$1,870$1,014$260
45 years$9,534$5,613$3,165$1,727$921$228
46 years$9,221$5,354$2,973$1,595$836$199
47 years$8,923$5,110$2,793$1,474$759$174
48 years$8,637$4,878$2,624$1,362$689$152
49 years$8,365$4,658$2,467$1,259$626$133
50 years$8,104$4,450$2,319$1,163$569$117

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 $4,902 every year, while hoping to spend $54,280 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: 54/19/27 Blend
49$8,300,000$8,300,000$8,300,000$8,300,000
50$9,151,656$8,711,756$8,583,106$9,577,009
51$10,027,372$9,080,879$8,812,887$10,240,432
52$10,990,591$9,466,269$9,048,546$10,956,329
53$12,050,182$9,868,667$9,290,223$11,734,649
54$13,215,916$10,288,847$9,538,061$12,581,400
55$14,498,558$10,727,619$9,792,204$13,503,190
56$15,909,969$11,185,831$10,052,802$14,507,289
57$17,463,221$11,664,371$10,320,005$15,601,694
58$19,172,713$12,164,169$10,593,969$16,795,202
59$21,054,312$12,686,196$10,874,849$18,097,494
60$23,125,503$13,231,471$11,162,808$19,519,221
61$25,405,551$13,801,059$11,458,009$21,072,108
62$27,915,683$14,396,077$11,760,618$22,769,054
63$30,679,289$15,017,691$12,070,805$24,624,259
64$33,722,144$15,667,126$12,388,744$26,653,353
65$37,072,647$16,345,659$12,714,612$28,873,540
66$40,762,093$17,054,633$13,048,587$31,303,762
67$44,824,966$17,795,449$13,390,854$33,964,869
68$49,299,264$18,569,578$13,741,599$36,879,819
69$54,226,858$19,378,556$14,101,012$40,073,887
70$59,653,887$20,223,995$14,469,286$43,574,907
71$65,631,194$21,107,581$14,846,617$47,413,523
72$72,214,803$22,031,080$15,233,206$51,623,484
73$79,466,451$22,996,341$15,629,256$56,241,953
74$87,454,168$24,005,300$16,034,975$61,309,858
75$96,252,920$25,059,986$16,450,573$66,872,271
76$105,945,314$26,162,522$16,876,264$72,978,836
77$116,622,383$27,315,132$17,312,265$79,684,227
78$128,384,437$28,520,146$17,758,798$87,048,663
79$141,342,019$29,780,002$18,216,087$95,138,476
80$155,616,938$31,097,255$18,684,359$104,026,724
81$171,343,427$32,474,582$19,163,847$113,793,885
82$188,669,406$33,914,785$19,654,784$124,528,608
83$207,757,876$35,420,800$20,157,410$136,328,543
84$228,788,462$36,995,702$20,671,966$149,301,262
85$251,959,105$38,642,711$21,198,697$163,565,267
86$277,487,931$40,365,202$21,737,851$179,251,103
87$305,615,312$42,166,708$22,289,680$196,502,583
88$336,606,128$44,050,932$22,854,440$215,478,144
89$370,752,277$46,021,752$23,432,387$236,352,333
90$408,375,422$48,083,230$24,023,784$259,317,447
91$449,830,029$50,239,622$24,628,895$284,585,346
92$495,506,716$52,495,387$25,247,987$312,389,442
93$545,835,936$54,855,197$25,881,330$342,986,896
94$601,292,045$57,323,945$26,529,198$376,661,039
95$662,397,773$59,906,757$27,191,865$413,724,037
96$729,729,164$62,609,007$27,869,611$454,519,832
97$803,921,013$65,436,322$28,562,717$499,427,376
98$885,672,853$68,394,599$29,271,465$548,864,204
99$975,755,565$71,490,016$29,996,141$603,290,363
100$1,075,018,653$74,729,047$30,737,031$663,212,747