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%13.3%
1 years$701,922$695,670$689,570$683,616$677,802$668,501
2 years$347,486$341,015$334,743$328,661$322,763$313,409
3 years$229,356$222,857$216,601$210,577$204,774$195,658
4 years$170,303$163,823$157,630$151,709$146,047$137,238
5 years$134,880$128,439$122,327$116,527$111,022$102,547
6 years$111,273$104,880$98,859$93,187$87,848$79,716
7 years$94,417$88,078$82,152$76,614$71,444$63,659
8 years$81,781$75,500$69,671$64,270$59,270$51,830
9 years$71,958$65,736$60,008$54,744$49,914$42,816
10 years$64,104$57,943$52,316$47,190$42,529$35,768
11 years$57,683$51,583$46,058$41,069$36,576$30,146
12 years$52,335$46,298$40,876$36,023$31,696$25,588
13 years$47,814$41,840$36,520$31,803$27,640$21,847
14 years$43,942$38,032$32,813$28,231$24,229$18,741
15 years$40,589$34,743$29,626$25,177$21,333$16,142
16 years$37,658$31,876$26,860$22,544$18,854$13,950
17 years$35,075$29,356$24,442$20,255$16,717$12,090
18 years$32,781$27,126$22,312$18,254$14,864$10,503
19 years$30,731$25,141$20,426$16,494$13,249$9,143
20 years$28,889$23,362$18,746$14,939$11,834$7,974
21 years$27,224$21,761$17,242$13,558$10,590$6,964
22 years$25,712$20,313$15,892$12,327$9,493$6,091
23 years$24,334$18,998$14,673$11,226$8,521$5,333
24 years$23,073$17,800$13,570$10,239$7,659$4,674
25 years$21,914$16,704$12,569$9,351$6,892$4,100
26 years$20,847$15,699$11,657$8,550$6,208$3,599
27 years$19,860$14,775$10,824$7,826$5,597$3,162
28 years$18,945$13,922$10,063$7,170$5,050$2,779
29 years$18,094$13,134$9,364$6,575$4,560$2,444
30 years$17,302$12,404$8,722$6,035$4,121$2,150
31 years$16,563$11,726$8,132$5,542$3,725$1,892
32 years$15,871$11,095$7,587$5,093$3,370$1,666
33 years$15,222$10,507$7,084$4,684$3,050$1,467
34 years$14,613$9,958$6,619$4,310$2,761$1,292
35 years$14,040$9,445$6,188$3,967$2,501$1,139
36 years$13,500$8,965$5,789$3,654$2,266$1,004
37 years$12,990$8,515$5,418$3,366$2,054$885
38 years$12,509$8,092$5,074$3,103$1,862$780
39 years$12,053$7,695$4,754$2,861$1,688$688
40 years$11,621$7,321$4,456$2,639$1,531$606
41 years$11,211$6,969$4,178$2,435$1,389$535
42 years$10,822$6,637$3,919$2,247$1,261$472
43 years$10,452$6,324$3,678$2,074$1,144$416
44 years$10,099$6,028$3,452$1,915$1,039$367
45 years$9,763$5,748$3,241$1,769$943$324
46 years$9,443$5,483$3,044$1,634$856$286
47 years$9,138$5,233$2,860$1,509$777$252
48 years$8,846$4,995$2,688$1,395$706$222
49 years$8,566$4,770$2,526$1,289$641$196
50 years$8,299$4,557$2,375$1,191$582$173

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 $5,137 every year, while hoping to spend $40,761 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: 48/29/23 Blend
49$8,500,000$8,500,000$8,500,000$8,500,000
50$9,372,299$8,921,799$8,790,049$9,760,735
51$10,284,904$9,315,598$9,041,146$10,426,400
52$11,289,229$9,727,326$9,299,289$11,144,358
53$12,394,585$10,157,821$9,564,670$11,923,191
54$13,611,235$10,607,956$9,837,489$12,768,639
55$14,950,483$11,078,648$10,117,947$13,687,009
56$16,424,788$11,570,857$10,406,254$14,685,234
57$18,047,877$12,085,590$10,702,624$15,770,932
58$19,834,875$12,623,899$11,007,277$16,952,476
59$21,802,450$13,186,887$11,320,438$18,239,071
60$23,968,967$13,775,712$11,642,340$19,640,840
61$26,354,662$14,391,582$11,973,219$21,168,911
62$28,981,836$15,035,768$12,313,320$22,835,524
63$31,875,060$15,709,597$12,662,892$24,654,140
64$35,061,410$16,414,461$13,022,193$26,639,567
65$38,570,723$17,151,820$13,391,486$28,808,093
66$42,435,878$17,923,199$13,771,042$31,177,639
67$46,693,103$18,730,202$14,161,137$33,767,920
68$51,382,321$19,574,503$14,562,057$36,600,634
69$56,547,524$20,457,861$14,974,093$39,699,653
70$62,237,191$21,382,115$15,397,544$43,091,252
71$68,504,742$22,349,196$15,832,719$46,804,349
72$75,409,042$23,361,123$16,279,931$50,870,771
73$83,014,960$24,420,014$16,739,505$55,325,551
74$91,393,980$25,528,088$17,211,772$60,207,256
75$100,624,871$26,687,670$17,697,072$65,558,341
76$110,794,438$27,901,195$18,195,754$71,425,544
77$121,998,334$29,171,217$18,708,175$77,860,326
78$134,341,967$30,500,410$19,234,702$84,919,343
79$147,941,495$31,891,578$19,775,712$92,664,981
80$162,924,919$33,347,657$20,331,590$101,165,932
81$179,433,295$34,871,725$20,902,732$110,497,841
82$197,622,060$36,467,010$21,489,543$120,744,005
83$217,662,507$38,136,890$22,092,439$131,996,159
84$239,743,394$39,884,908$22,711,847$144,355,327
85$264,072,729$41,714,778$23,348,203$157,932,771
86$290,879,735$43,630,390$24,001,955$172,851,031
87$320,417,011$45,635,822$24,673,563$189,245,073
88$352,962,916$47,735,347$25,363,498$207,263,548
89$388,824,200$49,933,446$26,072,242$227,070,193
90$428,338,896$52,234,812$26,800,289$248,845,360
91$471,879,511$54,644,365$27,548,147$272,787,709
92$519,856,546$57,167,264$28,316,334$299,116,068
93$572,722,365$59,808,912$29,105,383$328,071,494
94$630,975,473$62,574,975$29,915,840$359,919,528
95$695,165,213$65,471,391$30,748,263$394,952,691
96$765,896,960$68,504,384$31,603,225$433,493,230
97$843,837,829$71,680,478$32,481,312$475,896,148
98$929,722,977$75,006,511$33,383,125$522,552,537
99$1,024,362,542$78,489,651$34,309,281$573,893,255
100$1,128,649,288$82,137,411$35,260,409$630,392,974