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%11.2%
1 years$718,438$712,038$705,795$699,701$693,750$690,246
2 years$355,662$349,038$342,619$336,395$330,357$326,821
3 years$234,753$228,100$221,697$215,531$209,592$206,133
4 years$174,310$167,678$161,339$155,278$149,483$146,128
5 years$138,054$131,462$125,205$119,269$113,635$110,393
6 years$113,891$107,348$101,185$95,380$89,915$86,792
7 years$96,638$90,151$84,085$78,417$73,125$70,121
8 years$83,705$77,276$71,311$65,782$60,664$57,780
9 years$73,651$67,283$61,420$56,032$51,088$48,323
10 years$65,612$59,306$53,547$48,300$43,530$40,882
11 years$59,040$52,797$47,142$42,035$37,437$34,905
12 years$53,566$47,388$41,837$36,871$32,442$30,024
13 years$48,939$42,825$37,379$32,551$28,290$25,984
14 years$44,976$38,926$33,585$28,895$24,799$22,602
15 years$41,544$35,560$30,323$25,770$21,835$19,744
16 years$38,544$32,626$27,492$23,074$19,298$17,310
17 years$35,900$30,047$25,017$20,732$17,111$15,223
18 years$33,553$27,765$22,837$18,683$15,214$13,424
19 years$31,454$25,732$20,906$16,882$13,561$11,864
20 years$29,569$23,911$19,187$15,290$12,113$10,507
21 years$27,864$22,273$17,648$13,877$10,839$9,321
22 years$26,317$20,791$16,265$12,617$9,716$8,282
23 years$24,907$19,445$15,018$11,491$8,722$7,368
24 years$23,616$18,219$13,889$10,480$7,839$6,563
25 years$22,430$17,097$12,864$9,571$7,054$5,852
26 years$21,337$16,069$11,931$8,751$6,354$5,223
27 years$20,327$15,123$11,079$8,010$5,729$4,665
28 years$19,390$14,250$10,299$7,339$5,169$4,170
29 years$18,520$13,443$9,584$6,730$4,668$3,729
30 years$17,709$12,696$8,928$6,177$4,217$3,338
31 years$16,953$12,002$8,323$5,673$3,813$2,988
32 years$16,244$11,356$7,765$5,213$3,449$2,677
33 years$15,580$10,754$7,251$4,794$3,121$2,399
34 years$14,957$10,193$6,775$4,411$2,826$2,151
35 years$14,370$9,668$6,334$4,061$2,560$1,929
36 years$13,818$9,176$5,925$3,740$2,319$1,730
37 years$13,296$8,715$5,546$3,446$2,102$1,552
38 years$12,803$8,282$5,193$3,176$1,906$1,393
39 years$12,336$7,876$4,866$2,928$1,728$1,251
40 years$11,894$7,493$4,561$2,701$1,567$1,123
41 years$11,475$7,133$4,276$2,492$1,422$1,008
42 years$11,076$6,793$4,011$2,300$1,290$905
43 years$10,697$6,472$3,764$2,123$1,171$813
44 years$10,337$6,169$3,533$1,960$1,063$731
45 years$9,993$5,883$3,318$1,810$965$656
46 years$9,665$5,612$3,116$1,672$876$590
47 years$9,353$5,356$2,927$1,545$796$530
48 years$9,054$5,113$2,751$1,428$723$476
49 years$8,768$4,883$2,586$1,319$656$428
50 years$8,494$4,664$2,431$1,219$596$385

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 $4,709 every year, while hoping to spend $33,555 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: 56/36/8 Blend
49$8,700,000$8,700,000$8,700,000$8,700,000
50$9,592,257$9,131,157$8,996,307$10,111,303
51$10,534,965$9,542,882$9,261,981$10,873,657
52$11,572,705$9,973,656$9,535,431$11,699,440
53$12,715,134$10,424,378$9,816,881$12,598,027
54$13,972,894$10,895,989$10,106,563$13,576,359
55$15,357,711$11,389,475$10,404,715$14,642,064
56$16,882,507$11,905,868$10,711,582$15,803,527
57$18,561,519$12,446,252$11,027,416$17,069,964
58$20,410,435$13,011,759$11,352,475$18,451,506
59$22,446,543$13,603,579$11,687,027$19,959,293
60$24,688,893$14,222,957$12,031,345$21,605,573
61$27,158,475$14,871,198$12,385,711$23,403,818
62$29,878,422$15,549,669$12,750,414$25,368,842
63$32,874,222$16,259,803$13,125,754$27,516,940
64$36,173,961$17,003,102$13,512,035$29,866,039
65$39,808,591$17,781,140$13,909,574$32,435,859
66$43,812,216$18,595,565$14,318,694$35,248,096
67$48,222,421$19,448,106$14,739,729$38,326,625
68$53,080,620$20,340,575$15,173,022$41,697,716
69$58,432,449$21,274,869$15,618,924$45,390,279
70$64,328,199$22,252,979$16,077,799$49,436,130
71$70,823,289$23,276,988$16,550,018$53,870,286
72$77,978,787$24,349,083$17,035,966$58,731,293
73$85,861,988$25,471,553$17,536,036$64,061,577
74$94,547,051$26,646,799$18,050,634$69,907,842
75$104,115,696$27,877,337$18,580,175$76,321,505
76$114,657,974$29,165,805$19,125,088$83,359,169
77$126,273,123$30,514,965$19,685,815$91,083,157
78$139,070,499$31,927,715$20,262,806$99,562,085
79$153,170,609$33,407,092$20,856,529$108,871,507
80$168,706,249$34,956,278$21,467,461$119,094,615
81$185,823,761$36,578,610$22,096,095$130,323,021
82$204,684,407$38,277,584$22,742,937$142,657,605
83$225,465,898$40,056,867$23,408,507$156,209,464
84$248,364,066$41,920,301$24,093,339$171,100,946
85$273,594,719$43,871,913$24,797,983$187,466,795
86$301,395,669$45,915,926$25,523,005$205,455,414
87$332,028,987$48,056,766$26,268,985$225,230,249
88$365,783,468$50,299,072$27,036,521$246,971,325
89$402,977,364$52,647,708$27,826,226$270,876,928
90$443,961,382$55,107,773$28,638,732$297,165,465
91$489,122,000$57,684,611$29,474,687$326,077,512
92$538,885,113$60,383,826$30,334,758$357,878,068
93$593,720,053$63,211,292$31,219,630$392,859,041
94$654,144,019$66,173,166$32,130,008$431,341,992
95$720,726,962$69,275,904$33,066,617$473,681,145
96$794,096,964$72,526,274$34,030,200$520,266,720
97$874,946,165$75,931,372$35,021,522$571,528,594
98$964,037,300$79,498,636$36,041,370$627,940,341
99$1,062,210,900$83,235,865$37,090,551$690,023,681
100$1,170,393,224$87,151,234$38,169,896$758,353,383