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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$701,922$695,670$689,570$683,616$677,802$672,685
2 years$347,486$341,015$334,743$328,661$322,763$317,604
3 years$229,356$222,857$216,601$210,577$204,774$199,733
4 years$170,303$163,823$157,630$151,709$146,047$141,162
5 years$134,880$128,439$122,327$116,527$111,022$106,309
6 years$111,273$104,880$98,859$93,187$87,848$83,312
7 years$94,417$88,078$82,152$76,614$71,444$67,087
8 years$81,781$75,500$69,671$64,270$59,270$55,092
9 years$71,958$65,736$60,008$54,744$49,914$45,914
10 years$64,104$57,943$52,316$47,190$42,529$38,705
11 years$57,683$51,583$46,058$41,069$36,576$32,925
12 years$52,335$46,298$40,876$36,023$31,696$28,215
13 years$47,814$41,840$36,520$31,803$27,640$24,324
14 years$43,942$38,032$32,813$28,231$24,229$21,075
15 years$40,589$34,743$29,626$25,177$21,333$18,337
16 years$37,658$31,876$26,860$22,544$18,854$16,011
17 years$35,075$29,356$24,442$20,255$16,717$14,023
18 years$32,781$27,126$22,312$18,254$14,864$12,313
19 years$30,731$25,141$20,426$16,494$13,249$10,836
20 years$28,889$23,362$18,746$14,939$11,834$9,555
21 years$27,224$21,761$17,242$13,558$10,590$8,439
22 years$25,712$20,313$15,892$12,327$9,493$7,465
23 years$24,334$18,998$14,673$11,226$8,521$6,611
24 years$23,073$17,800$13,570$10,239$7,659$5,862
25 years$21,914$16,704$12,569$9,351$6,892$5,203
26 years$20,847$15,699$11,657$8,550$6,208$4,622
27 years$19,860$14,775$10,824$7,826$5,597$4,108
28 years$18,945$13,922$10,063$7,170$5,050$3,655
29 years$18,094$13,134$9,364$6,575$4,560$3,253
30 years$17,302$12,404$8,722$6,035$4,121$2,897
31 years$16,563$11,726$8,132$5,542$3,725$2,582
32 years$15,871$11,095$7,587$5,093$3,370$2,301
33 years$15,222$10,507$7,084$4,684$3,050$2,052
34 years$14,613$9,958$6,619$4,310$2,761$1,831
35 years$14,040$9,445$6,188$3,967$2,501$1,633
36 years$13,500$8,965$5,789$3,654$2,266$1,458
37 years$12,990$8,515$5,418$3,366$2,054$1,301
38 years$12,509$8,092$5,074$3,103$1,862$1,162
39 years$12,053$7,695$4,754$2,861$1,688$1,038
40 years$11,621$7,321$4,456$2,639$1,531$927
41 years$11,211$6,969$4,178$2,435$1,389$828
42 years$10,822$6,637$3,919$2,247$1,261$740
43 years$10,452$6,324$3,678$2,074$1,144$661
44 years$10,099$6,028$3,452$1,915$1,039$591
45 years$9,763$5,748$3,241$1,769$943$528
46 years$9,443$5,483$3,044$1,634$856$472
47 years$9,138$5,233$2,860$1,509$777$422
48 years$8,846$4,995$2,688$1,395$706$377
49 years$8,566$4,770$2,526$1,289$641$337
50 years$8,299$4,557$2,375$1,191$582$301

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 $3,336 every year, while hoping to spend $57,920 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: 26/49/25 Blend
49$8,500,000$8,500,000$8,500,000$8,500,000
50$9,370,441$8,919,941$8,788,191$9,540,204
51$10,264,600$9,295,392$9,020,969$10,053,360
52$11,248,021$9,687,298$9,259,604$10,598,346
53$12,329,749$10,096,406$9,504,231$11,181,891
54$13,519,748$10,523,494$9,754,987$11,807,288
55$14,828,996$10,969,379$10,012,013$12,478,138
56$16,269,590$11,434,915$10,275,452$13,198,383
57$17,854,858$11,920,996$10,545,449$13,972,338
58$19,599,485$12,428,556$10,822,152$14,804,730
59$21,519,652$12,958,574$11,105,714$15,700,739
60$23,633,188$13,512,076$11,396,287$16,666,038
61$25,959,738$14,090,133$11,694,028$17,706,848
62$28,520,949$14,693,867$11,999,095$18,829,989
63$31,340,674$15,324,454$12,311,653$20,042,943
64$34,445,194$15,983,124$12,631,864$21,353,913
65$37,863,469$16,671,163$12,959,898$22,771,903
66$41,627,412$17,389,919$13,295,923$24,306,793
67$45,772,186$18,140,803$13,640,115$25,969,428
68$50,336,539$18,925,292$13,992,648$27,771,715
69$55,363,166$19,744,932$14,353,703$29,726,729
70$60,899,117$20,601,342$14,723,460$31,848,828
71$66,996,236$21,496,216$15,102,104$34,153,788
72$73,711,651$22,431,330$15,489,824$36,658,936
73$81,108,315$23,408,541$15,886,809$39,383,315
74$89,255,599$24,429,794$16,293,252$42,347,850
75$98,229,943$25,497,128$16,709,349$45,575,542
76$108,115,585$26,612,674$17,135,300$49,091,673
77$119,005,346$27,778,667$17,571,304$52,924,041
78$131,001,516$28,997,446$18,017,567$57,103,207
79$144,216,810$30,271,460$18,474,295$61,662,780
80$158,775,438$31,603,275$18,941,697$66,639,722
81$174,814,274$32,995,577$19,419,985$72,074,685
82$192,484,149$34,451,179$19,909,374$78,012,388
83$211,951,274$35,973,029$20,410,080$84,502,024
84$233,398,809$37,564,212$20,922,323$91,597,715
85$257,028,590$39,227,962$21,446,323$99,359,010
86$283,063,037$40,967,662$21,982,306$107,851,436
87$311,747,250$42,786,860$22,530,496$117,147,100
88$343,351,323$44,689,270$23,091,121$127,325,358
89$378,172,896$46,678,783$23,664,412$138,473,548
90$416,539,962$48,759,474$24,250,600$150,687,804
91$458,813,961$50,935,611$24,849,918$164,073,938
92$505,393,196$53,211,667$25,462,602$178,748,434
93$556,716,590$55,592,327$26,088,887$194,839,520
94$613,267,829$58,082,497$26,729,011$212,488,366
95$675,579,927$60,687,319$27,383,213$231,850,396
96$744,240,261$63,412,180$28,051,732$253,096,737
97$819,896,112$66,262,720$28,734,809$276,415,809
98$903,260,774$69,244,853$29,432,684$302,015,088
99$995,120,293$72,364,770$30,145,599$330,123,037
100$1,096,340,881$75,628,962$30,873,794$360,991,241