Can I retire at age 50 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$701,922$695,670$689,570$683,616$677,802$651,166
2 years$347,486$341,015$334,743$328,661$322,763$296,254
3 years$229,356$222,857$216,601$210,577$204,774$179,226
4 years$170,303$163,823$157,630$151,709$146,047$121,655
5 years$134,880$128,439$122,327$116,527$111,022$87,848
6 years$111,273$104,880$98,859$93,187$87,848$65,907
7 years$94,417$88,078$82,152$76,614$71,444$50,729
8 years$81,781$75,500$69,671$64,270$59,270$39,759
9 years$71,958$65,736$60,008$54,744$49,914$31,578
10 years$64,104$57,943$52,316$47,190$42,529$25,334
11 years$57,683$51,583$46,058$41,069$36,576$20,482
12 years$52,335$46,298$40,876$36,023$31,696$16,659
13 years$47,814$41,840$36,520$31,803$27,640$13,615
14 years$43,942$38,032$32,813$28,231$24,229$11,170
15 years$40,589$34,743$29,626$25,177$21,333$9,192
16 years$37,658$31,876$26,860$22,544$18,854$7,583
17 years$35,075$29,356$24,442$20,255$16,717$6,269
18 years$32,781$27,126$22,312$18,254$14,864$5,191
19 years$30,731$25,141$20,426$16,494$13,249$4,305
20 years$28,889$23,362$18,746$14,939$11,834$3,574
21 years$27,224$21,761$17,242$13,558$10,590$2,969
22 years$25,712$20,313$15,892$12,327$9,493$2,469
23 years$24,334$18,998$14,673$11,226$8,521$2,055
24 years$23,073$17,800$13,570$10,239$7,659$1,710
25 years$21,914$16,704$12,569$9,351$6,892$1,425
26 years$20,847$15,699$11,657$8,550$6,208$1,187
27 years$19,860$14,775$10,824$7,826$5,597$989
28 years$18,945$13,922$10,063$7,170$5,050$825
29 years$18,094$13,134$9,364$6,575$4,560$688
30 years$17,302$12,404$8,722$6,035$4,121$574
31 years$16,563$11,726$8,132$5,542$3,725$478
32 years$15,871$11,095$7,587$5,093$3,370$399
33 years$15,222$10,507$7,084$4,684$3,050$333
34 years$14,613$9,958$6,619$4,310$2,761$278
35 years$14,040$9,445$6,188$3,967$2,501$232
36 years$13,500$8,965$5,789$3,654$2,266$193
37 years$12,990$8,515$5,418$3,366$2,054$161
38 years$12,509$8,092$5,074$3,103$1,862$135
39 years$12,053$7,695$4,754$2,861$1,688$112
40 years$11,621$7,321$4,456$2,639$1,531$94
41 years$11,211$6,969$4,178$2,435$1,389$78
42 years$10,822$6,637$3,919$2,247$1,261$65
43 years$10,452$6,324$3,678$2,074$1,144$55
44 years$10,099$6,028$3,452$1,915$1,039$46
45 years$9,763$5,748$3,241$1,769$943$38
46 years$9,443$5,483$3,044$1,634$856$32
47 years$9,138$5,233$2,860$1,509$777$26
48 years$8,846$4,995$2,688$1,395$706$22
49 years$8,566$4,770$2,526$1,289$641$18
50 years$8,299$4,557$2,375$1,191$582$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,500,000, adding $5,114 every year, while hoping to spend $43,395 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: 58/20/22 Blend
49$8,500,000$8,500,000$8,500,000$8,500,000
50$9,372,275$8,921,775$8,790,025$9,860,357
51$10,282,075$9,312,770$9,038,319$10,584,277
52$11,283,221$9,721,470$9,293,476$11,368,041
53$12,384,982$10,148,695$9,555,681$12,221,607
54$13,597,577$10,595,307$9,825,122$13,151,728
55$14,932,259$11,062,207$10,101,994$14,165,834
56$16,401,433$11,550,338$10,386,494$15,272,093
57$18,018,764$12,060,689$10,678,826$16,479,495
58$19,799,310$12,594,296$10,979,200$17,797,930
59$21,759,666$13,152,242$11,287,829$19,238,279
60$23,918,114$13,735,664$11,604,933$20,812,516
61$26,294,800$14,345,751$11,930,737$22,533,821
62$28,911,926$14,983,748$12,265,473$24,416,695
63$31,793,953$15,650,962$12,609,376$26,477,102
64$34,967,836$16,348,759$12,962,690$28,732,613
65$38,463,278$17,078,572$13,325,664$31,202,570
66$42,313,011$17,841,900$13,698,552$33,908,266
67$46,553,100$18,640,315$14,081,615$36,873,143
68$51,223,290$19,475,464$14,475,123$40,123,010
69$56,367,374$20,349,071$14,879,348$43,686,283
70$62,033,614$21,262,943$15,294,574$47,594,250
71$68,275,188$22,218,973$15,721,088$51,881,367
72$75,150,698$23,219,143$16,159,185$56,585,570
73$82,724,721$24,265,533$16,609,170$61,748,641
74$91,068,417$25,360,318$17,071,351$67,416,589
75$100,260,201$26,505,780$17,546,047$73,640,086
76$110,386,486$27,704,307$18,033,584$80,474,938
77$121,542,494$28,958,404$18,534,295$87,982,610
78$133,833,157$30,270,695$19,048,523$96,230,797
79$147,374,107$31,643,928$19,576,617$105,294,065
80$162,292,769$33,080,983$20,118,936$115,254,542
81$178,729,559$34,584,878$20,675,848$126,202,696
82$196,839,213$36,158,777$21,247,729$138,238,177
83$216,792,249$37,805,993$21,834,963$151,470,755
84$238,776,570$39,529,998$22,437,946$166,021,350
85$262,999,245$41,334,433$23,057,082$182,023,167
86$289,688,457$43,223,110$23,692,784$199,622,946
87$319,095,663$45,200,025$24,345,476$218,982,344
88$351,497,962$47,269,368$25,015,590$240,279,449
89$387,200,714$49,435,526$25,703,572$263,710,455
90$426,540,420$51,703,100$26,409,875$289,491,512
91$469,887,900$54,076,910$27,134,963$317,860,748
92$517,651,795$56,562,008$27,879,314$349,080,520
93$570,282,421$59,163,688$28,643,413$383,439,872
94$628,276,019$61,887,500$29,427,759$421,257,261
95$692,179,445$64,739,260$30,232,861$462,883,552
96$762,595,328$67,725,064$31,059,242$508,705,318
97$840,187,759$70,851,299$31,907,433$559,148,482
98$925,688,561$74,124,663$32,777,982$614,682,325
99$1,019,904,196$77,552,173$33,671,447$675,823,906
100$1,123,723,381$81,141,187$34,588,398$743,142,930