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%11.8%
1 years$718,438$712,038$705,795$699,701$693,750$688,513
2 years$355,662$349,038$342,619$336,395$330,357$325,077
3 years$234,753$228,100$221,697$215,531$209,592$204,432
4 years$174,310$167,678$161,339$155,278$149,483$144,483
5 years$138,054$131,462$125,205$119,269$113,635$108,810
6 years$113,891$107,348$101,185$95,380$89,915$85,272
7 years$96,638$90,151$84,085$78,417$73,125$68,665
8 years$83,705$77,276$71,311$65,782$60,664$56,388
9 years$73,651$67,283$61,420$56,032$51,088$46,994
10 years$65,612$59,306$53,547$48,300$43,530$39,615
11 years$59,040$52,797$47,142$42,035$37,437$33,700
12 years$53,566$47,388$41,837$36,871$32,442$28,879
13 years$48,939$42,825$37,379$32,551$28,290$24,897
14 years$44,976$38,926$33,585$28,895$24,799$21,571
15 years$41,544$35,560$30,323$25,770$21,835$18,768
16 years$38,544$32,626$27,492$23,074$19,298$16,388
17 years$35,900$30,047$25,017$20,732$17,111$14,353
18 years$33,553$27,765$22,837$18,683$15,214$12,603
19 years$31,454$25,732$20,906$16,882$13,561$11,091
20 years$29,569$23,911$19,187$15,290$12,113$9,780
21 years$27,864$22,273$17,648$13,877$10,839$8,638
22 years$26,317$20,791$16,265$12,617$9,716$7,640
23 years$24,907$19,445$15,018$11,491$8,722$6,767
24 years$23,616$18,219$13,889$10,480$7,839$6,000
25 years$22,430$17,097$12,864$9,571$7,054$5,325
26 years$21,337$16,069$11,931$8,751$6,354$4,730
27 years$20,327$15,123$11,079$8,010$5,729$4,205
28 years$19,390$14,250$10,299$7,339$5,169$3,741
29 years$18,520$13,443$9,584$6,730$4,668$3,330
30 years$17,709$12,696$8,928$6,177$4,217$2,966
31 years$16,953$12,002$8,323$5,673$3,813$2,642
32 years$16,244$11,356$7,765$5,213$3,449$2,355
33 years$15,580$10,754$7,251$4,794$3,121$2,100
34 years$14,957$10,193$6,775$4,411$2,826$1,874
35 years$14,370$9,668$6,334$4,061$2,560$1,672
36 years$13,818$9,176$5,925$3,740$2,319$1,492
37 years$13,296$8,715$5,546$3,446$2,102$1,332
38 years$12,803$8,282$5,193$3,176$1,906$1,189
39 years$12,336$7,876$4,866$2,928$1,728$1,062
40 years$11,894$7,493$4,561$2,701$1,567$949
41 years$11,475$7,133$4,276$2,492$1,422$848
42 years$11,076$6,793$4,011$2,300$1,290$757
43 years$10,697$6,472$3,764$2,123$1,171$677
44 years$10,337$6,169$3,533$1,960$1,063$605
45 years$9,993$5,883$3,318$1,810$965$540
46 years$9,665$5,612$3,116$1,672$876$483
47 years$9,353$5,356$2,927$1,545$796$432
48 years$9,054$5,113$2,751$1,428$723$386
49 years$8,768$4,883$2,586$1,319$656$345
50 years$8,494$4,664$2,431$1,219$596$309

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 $4,753 every year, while hoping to spend $58,928 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: 57/19/24 Blend
49$8,700,000$8,700,000$8,700,000$8,700,000
50$9,592,303$9,131,203$8,996,353$10,076,334
51$10,508,019$9,515,933$9,235,032$10,792,518
52$11,515,163$9,917,539$9,479,731$11,566,034
53$12,622,998$10,336,788$9,730,591$12,407,847
54$13,841,731$10,774,478$9,987,753$13,324,563
55$15,182,608$11,231,447$10,251,363$14,323,449
56$16,658,018$11,708,572$10,521,567$15,412,499
57$18,281,613$12,206,769$10,798,518$16,600,509
58$20,068,436$12,727,000$11,082,367$17,897,157
59$22,035,061$13,270,268$11,373,271$19,313,093
60$24,199,751$13,837,624$11,671,389$20,860,037
61$26,582,629$14,430,171$11,976,883$22,550,890
62$29,205,866$15,049,059$12,289,918$24,399,850
63$32,093,896$15,695,494$12,610,662$26,422,545
64$35,273,640$16,370,739$12,939,285$28,636,180
65$38,774,761$17,076,116$13,275,961$31,059,695
66$42,629,948$17,813,007$13,620,867$33,713,943
67$46,875,219$18,582,860$13,974,183$36,621,881
68$51,550,264$19,387,193$14,336,091$39,808,787
69$56,698,817$20,227,592$14,706,776$43,302,497
70$62,369,071$21,105,718$15,086,428$47,133,659
71$68,614,131$22,023,313$15,475,237$51,336,026
72$75,492,514$22,982,197$15,873,400$55,946,766
73$83,068,705$23,984,279$16,281,112$61,006,814
74$91,413,759$25,031,555$16,698,576$66,561,252
75$100,605,978$26,126,117$17,125,994$72,659,731
76$110,731,647$27,270,155$17,563,573$79,356,937
77$121,885,844$28,465,963$18,011,523$86,713,105
78$134,173,347$29,715,941$18,470,055$94,794,578
79$147,709,612$31,022,606$18,939,386$103,674,436
80$162,621,869$32,388,590$19,419,732$113,433,176
81$179,050,322$33,816,653$19,911,315$124,159,470
82$197,149,468$35,309,683$20,414,358$135,950,997
83$217,089,563$36,870,706$20,929,088$148,915,359
84$239,058,219$38,502,891$21,455,733$163,171,092
85$263,262,181$40,209,557$21,994,524$178,848,781
86$289,929,279$41,994,181$22,545,695$196,092,286
87$319,310,572$43,860,403$23,109,483$215,060,092
88$351,682,726$45,812,037$23,686,126$235,926,802
89$387,350,617$47,853,080$24,275,865$258,884,780
90$426,650,215$49,987,716$24,878,941$284,145,956
91$469,951,752$52,220,329$25,495,600$311,943,821
92$517,663,216$54,555,512$26,126,089$342,535,628
93$570,234,207$56,998,074$26,770,656$376,204,807
94$628,160,172$59,553,056$27,429,549$413,263,637
95$691,987,092$62,225,738$28,103,021$454,056,184
96$762,316,627$65,021,651$28,791,324$498,961,541
97$839,811,800$67,946,589$29,494,710$548,397,399
98$925,203,255$71,006,623$30,213,435$602,823,976
99$1,019,296,155$74,208,115$30,947,752$662,748,360
100$1,122,977,778$77,557,728$31,697,917$728,729,278