Can I retire at age 50 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$710,180$703,854$697,682$691,658$685,776$659,348
2 years$351,574$345,026$338,681$332,528$326,560$300,250
3 years$232,055$225,479$219,149$213,054$207,183$181,818
4 years$172,307$165,751$159,484$153,493$147,765$123,538
5 years$136,467$129,951$123,766$117,898$112,328$89,303
6 years$112,582$106,114$100,022$94,284$88,882$67,072
7 years$95,528$89,115$83,118$77,516$72,285$51,685
8 years$82,743$76,388$70,491$65,026$59,967$40,556
9 years$72,804$66,509$60,714$55,388$50,501$32,251
10 years$64,858$58,625$52,932$47,745$43,029$25,906
11 years$58,361$52,190$46,600$41,552$37,007$20,972
12 years$52,951$46,843$41,357$36,447$32,069$17,081
13 years$48,376$42,332$36,949$32,177$27,965$13,979
14 years$44,459$38,479$33,199$28,563$24,514$11,484
15 years$41,066$35,151$29,974$25,473$21,584$9,465
16 years$38,101$32,251$27,176$22,809$19,076$7,820
17 years$35,488$29,702$24,729$20,493$16,914$6,474
18 years$33,167$27,446$22,575$18,469$15,039$5,369
19 years$31,093$25,436$20,666$16,688$13,405$4,459
20 years$29,229$23,637$18,966$15,114$11,973$3,707
21 years$27,544$22,017$17,445$13,717$10,715$3,085
22 years$26,015$20,552$16,078$12,472$9,604$2,569
23 years$24,621$19,222$14,846$11,359$8,621$2,141
24 years$23,344$18,009$13,730$10,360$7,749$1,786
25 years$22,172$16,901$12,716$9,461$6,973$1,490
26 years$21,092$15,884$11,794$8,651$6,281$1,243
27 years$20,093$14,949$10,952$7,918$5,663$1,038
28 years$19,168$14,086$10,181$7,255$5,110$867
29 years$18,307$13,289$9,474$6,653$4,614$724
30 years$17,506$12,550$8,825$6,106$4,169$605
31 years$16,758$11,864$8,227$5,607$3,769$505
32 years$16,058$11,225$7,676$5,153$3,409$422
33 years$15,401$10,631$7,167$4,739$3,086$353
34 years$14,785$10,076$6,697$4,360$2,794$295
35 years$14,205$9,556$6,261$4,014$2,530$246
36 years$13,659$9,070$5,857$3,697$2,293$206
37 years$13,143$8,615$5,482$3,406$2,078$172
38 years$12,656$8,187$5,134$3,139$1,884$144
39 years$12,195$7,785$4,810$2,895$1,708$120
40 years$11,758$7,407$4,508$2,670$1,549$101
41 years$11,343$7,051$4,227$2,463$1,406$84
42 years$10,949$6,715$3,965$2,273$1,276$70
43 years$10,575$6,398$3,721$2,099$1,158$59
44 years$10,218$6,099$3,493$1,938$1,051$49
45 years$9,878$5,816$3,279$1,790$954$41
46 years$9,554$5,548$3,080$1,653$866$34
47 years$9,245$5,294$2,894$1,527$786$29
48 years$8,950$5,054$2,719$1,411$714$24
49 years$8,667$4,826$2,556$1,304$649$20
50 years$8,397$4,610$2,403$1,205$589$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,600,000, adding $5,873 every year, while hoping to spend $20,941 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: 45/40/15 Blend
49$8,600,000$8,600,000$8,600,000$8,600,000
50$9,483,258$9,027,458$8,894,158$9,869,059
51$10,428,269$9,447,522$9,169,831$10,558,684
52$11,468,970$9,887,468$9,454,038$11,303,477
53$12,615,098$10,348,247$9,747,041$12,110,658
54$13,877,384$10,830,858$10,049,113$12,986,011
55$15,267,653$11,336,346$10,360,535$13,935,881
56$16,798,936$11,865,808$10,681,594$14,967,234
57$18,485,589$12,420,395$11,012,589$16,087,721
58$20,343,436$13,001,311$11,353,828$17,305,739
59$22,389,910$13,609,819$11,705,625$18,630,515
60$24,644,226$14,247,245$12,068,309$20,072,183
61$27,127,555$14,914,978$12,442,214$21,641,876
62$29,863,225$15,614,472$12,827,689$23,351,828
63$32,876,947$16,347,254$13,225,089$25,215,485
64$36,197,050$17,114,924$13,634,784$27,247,623
65$39,854,754$17,919,159$14,057,154$29,464,488
66$43,884,459$18,761,719$14,492,589$31,883,936
67$48,324,077$19,644,446$14,941,494$34,525,606
68$53,215,384$20,569,274$15,404,284$37,411,088
69$58,604,414$21,538,230$15,881,389$40,564,129
70$64,541,899$22,553,438$16,373,250$44,010,846
71$71,083,742$23,617,126$16,880,324$47,779,968
72$78,291,548$24,731,629$17,403,079$51,903,097
73$86,233,204$25,899,397$17,942,000$56,415,001
74$94,983,521$27,122,998$18,497,587$61,353,933
75$104,624,937$28,405,122$19,070,354$66,761,985
76$115,248,301$29,748,593$19,660,830$72,685,474
77$126,953,724$31,156,370$20,269,564$79,175,373
78$139,851,527$32,631,556$20,897,118$86,287,779
79$154,063,286$34,177,404$21,544,074$94,084,437
80$169,722,971$35,797,327$22,211,031$102,633,307
81$186,978,218$37,494,901$22,898,605$112,009,199
82$205,991,722$39,273,876$23,607,433$122,294,465
83$226,942,766$41,138,185$24,338,172$133,579,765
84$250,028,925$43,091,952$25,091,496$145,964,909
85$275,467,918$45,139,501$25,868,104$159,559,788
86$303,499,673$47,285,364$26,668,714$174,485,397
87$334,388,590$49,534,297$27,494,066$190,874,960
88$368,426,032$51,891,284$28,344,923$208,875,174
89$405,933,083$54,361,552$29,222,073$228,647,582
90$447,263,572$56,950,583$30,126,327$250,370,071
91$492,807,418$59,664,123$31,058,521$274,238,545
92$542,994,310$62,508,201$32,019,517$300,468,749
93$598,297,762$65,489,135$33,010,203$329,298,289
94$659,239,584$68,613,552$34,031,495$360,988,852
95$726,394,809$71,888,403$35,084,337$395,828,660
96$800,397,119$75,320,975$36,169,702$434,135,165
97$881,944,831$78,918,908$37,288,593$476,258,024
98$971,807,486$82,690,218$38,442,043$522,582,376
99$1,070,833,117$86,643,306$39,631,120$573,532,452
100$1,179,956,253$90,786,986$40,856,920$629,575,552