Can I retire at age 50 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$718,438$712,038$705,795$699,701$693,750$671,812
2 years$355,662$349,038$342,619$336,395$330,357$308,454
3 years$234,753$228,100$221,697$215,531$209,592$188,410
4 years$174,310$167,678$161,339$155,278$149,483$129,185
5 years$138,054$131,462$125,205$119,269$113,635$94,276
6 years$113,891$107,348$101,185$95,380$89,915$71,511
7 years$96,638$90,151$84,085$78,417$73,125$55,675
8 years$83,705$77,276$71,311$65,782$60,664$44,156
9 years$73,651$67,283$61,420$56,032$51,088$35,503
10 years$65,612$59,306$53,547$48,300$43,530$28,844
11 years$59,040$52,797$47,142$42,035$37,437$23,625
12 years$53,566$47,388$41,837$36,871$32,442$19,474
13 years$48,939$42,825$37,379$32,551$28,290$16,134
14 years$44,976$38,926$33,585$28,895$24,799$13,423
15 years$41,544$35,560$30,323$25,770$21,835$11,204
16 years$38,544$32,626$27,492$23,074$19,298$9,379
17 years$35,900$30,047$25,017$20,732$17,111$7,868
18 years$33,553$27,765$22,837$18,683$15,214$6,613
19 years$31,454$25,732$20,906$16,882$13,561$5,568
20 years$29,569$23,911$19,187$15,290$12,113$4,693
21 years$27,864$22,273$17,648$13,877$10,839$3,961
22 years$26,317$20,791$16,265$12,617$9,716$3,345
23 years$24,907$19,445$15,018$11,491$8,722$2,828
24 years$23,616$18,219$13,889$10,480$7,839$2,392
25 years$22,430$17,097$12,864$9,571$7,054$2,025
26 years$21,337$16,069$11,931$8,751$6,354$1,714
27 years$20,327$15,123$11,079$8,010$5,729$1,452
28 years$19,390$14,250$10,299$7,339$5,169$1,230
29 years$18,520$13,443$9,584$6,730$4,668$1,043
30 years$17,709$12,696$8,928$6,177$4,217$884
31 years$16,953$12,002$8,323$5,673$3,813$750
32 years$16,244$11,356$7,765$5,213$3,449$636
33 years$15,580$10,754$7,251$4,794$3,121$539
34 years$14,957$10,193$6,775$4,411$2,826$457
35 years$14,370$9,668$6,334$4,061$2,560$388
36 years$13,818$9,176$5,925$3,740$2,319$329
37 years$13,296$8,715$5,546$3,446$2,102$279
38 years$12,803$8,282$5,193$3,176$1,906$237
39 years$12,336$7,876$4,866$2,928$1,728$201
40 years$11,894$7,493$4,561$2,701$1,567$171
41 years$11,475$7,133$4,276$2,492$1,422$145
42 years$11,076$6,793$4,011$2,300$1,290$123
43 years$10,697$6,472$3,764$2,123$1,171$104
44 years$10,337$6,169$3,533$1,960$1,063$89
45 years$9,993$5,883$3,318$1,810$965$75
46 years$9,665$5,612$3,116$1,672$876$64
47 years$9,353$5,356$2,927$1,545$796$54
48 years$9,054$5,113$2,751$1,428$723$46
49 years$8,768$4,883$2,586$1,319$656$39
50 years$8,494$4,664$2,431$1,219$596$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,700,000, adding $2,447 every year, while hoping to spend $52,254 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: 47/23/30 Blend
49$8,700,000$8,700,000$8,700,000$8,700,000
50$9,589,924$9,128,824$8,993,974$9,957,924
51$10,512,498$9,520,539$9,239,674$10,610,476
52$11,527,424$9,929,696$9,491,854$11,313,173
53$12,644,066$10,357,095$9,750,676$12,075,018
54$13,872,741$10,803,574$10,016,304$12,901,607
55$15,224,820$11,270,008$10,288,909$13,799,094
56$16,712,828$11,757,314$10,568,664$14,774,240
57$18,350,567$12,266,454$10,855,745$15,834,482
58$20,153,246$12,798,432$11,150,334$16,987,996
59$22,137,623$13,354,300$11,452,616$18,243,771
60$24,322,162$13,935,162$11,762,780$19,611,697
61$26,727,208$14,542,171$12,081,019$21,102,650
62$29,375,181$15,176,535$12,407,530$22,728,595
63$32,290,784$15,839,519$12,742,517$24,502,694
64$35,501,237$16,532,449$13,086,185$26,439,429
65$39,036,536$17,256,712$13,438,744$28,554,737
66$42,929,731$18,013,759$13,800,411$30,866,154
67$47,217,244$18,805,113$14,171,405$33,392,978
68$51,939,206$19,632,367$14,551,950$36,156,450
69$57,139,841$20,497,190$14,942,277$39,179,949
70$62,867,881$21,401,328$15,342,619$42,489,209
71$69,177,023$22,346,611$15,753,215$46,112,559
72$76,126,441$23,334,957$16,174,310$50,081,185
73$83,781,341$24,368,373$16,606,152$54,429,421
74$92,213,576$25,448,961$17,048,996$59,195,070
75$101,502,325$26,578,924$17,503,101$64,419,754
76$111,734,839$27,760,569$17,968,733$70,149,302
77$123,007,267$28,996,311$18,446,160$76,434,181
78$135,425,561$30,288,683$18,935,658$83,329,963
79$149,106,474$31,640,334$19,437,509$90,897,847
80$164,178,667$33,054,043$19,951,998$99,205,230
81$180,783,918$34,532,718$20,479,417$108,326,338
82$199,078,464$36,079,408$21,020,064$118,342,921
83$219,234,474$37,697,305$21,574,242$129,345,014
84$241,441,671$39,389,755$22,142,261$141,431,789
85$265,909,129$41,160,260$22,724,434$154,712,475
86$292,867,241$43,012,494$23,321,083$169,307,387
87$322,569,895$44,950,301$23,932,535$185,349,053
88$355,296,870$46,977,712$24,559,121$202,983,460
89$391,356,480$49,098,948$25,201,180$222,371,418
90$431,088,479$51,318,435$25,859,057$243,690,073
91$474,867,271$53,640,805$26,533,103$267,134,574
92$523,105,444$56,070,917$27,223,674$292,919,897
93$576,257,665$58,613,857$27,931,133$321,282,874
94$634,824,970$61,274,959$28,655,849$352,484,413
95$699,359,495$64,059,810$29,398,197$386,811,950
96$770,469,685$66,974,263$30,158,559$424,582,158
97$848,826,044$70,024,453$30,937,322$466,143,915
98$935,167,458$73,216,808$31,734,879$511,881,594
99$1,030,308,172$76,558,065$32,551,632$562,218,676
100$1,135,145,479$80,055,284$33,387,984$617,621,733