Can I retire at age 50 with 8,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$726,696$720,223$713,907$707,743$701,724$696,718
2 years$359,750$353,050$346,557$340,261$334,154$329,106
3 years$237,451$230,722$224,245$218,009$212,001$207,068
4 years$176,314$169,605$163,193$157,063$151,201$146,420
5 years$139,641$132,973$126,645$120,639$114,941$110,326
6 years$115,200$108,582$102,348$96,476$90,949$86,506
7 years$97,749$91,187$85,051$79,318$73,966$69,698
8 years$84,667$78,164$72,130$66,538$61,362$57,268
9 years$74,498$68,056$62,126$56,676$51,675$47,756
10 years$66,367$59,988$54,163$48,855$44,030$40,282
11 years$59,718$53,404$47,684$42,519$37,867$34,288
12 years$54,182$47,932$42,318$37,295$32,815$29,401
13 years$49,501$43,317$37,809$32,925$28,615$25,363
14 years$45,493$39,374$33,971$29,228$25,084$21,990
15 years$42,022$35,969$30,671$26,066$22,086$19,145
16 years$38,987$33,001$27,808$23,339$19,520$16,729
17 years$36,313$30,392$25,304$20,970$17,307$14,661
18 years$33,938$28,084$23,100$18,898$15,389$12,883
19 years$31,816$26,028$21,147$17,076$13,717$11,346
20 years$29,908$24,186$19,407$15,466$12,252$10,011
21 years$28,185$22,529$17,851$14,036$10,964$8,849
22 years$26,620$21,030$16,452$12,762$9,828$7,833
23 years$25,193$19,669$15,191$11,623$8,822$6,943
24 years$23,887$18,428$14,049$10,601$7,929$6,160
25 years$22,688$17,294$13,012$9,681$7,135$5,472
26 years$21,582$16,254$12,068$8,852$6,427$4,864
27 years$20,560$15,296$11,206$8,102$5,795$4,328
28 years$19,613$14,414$10,418$7,423$5,229$3,853
29 years$18,733$13,598$9,695$6,807$4,721$3,433
30 years$17,913$12,842$9,030$6,248$4,266$3,059
31 years$17,147$12,140$8,419$5,738$3,857$2,728
32 years$16,431$11,487$7,855$5,273$3,489$2,434
33 years$15,760$10,878$7,334$4,849$3,157$2,172
34 years$15,129$10,310$6,852$4,462$2,859$1,939
35 years$14,536$9,779$6,407$4,107$2,589$1,732
36 years$13,976$9,281$5,993$3,783$2,346$1,547
37 years$13,449$8,815$5,609$3,485$2,126$1,382
38 years$12,950$8,378$5,253$3,212$1,928$1,235
39 years$12,478$7,966$4,922$2,962$1,748$1,104
40 years$12,031$7,579$4,613$2,732$1,585$987
41 years$11,607$7,215$4,325$2,521$1,438$883
42 years$11,204$6,871$4,057$2,326$1,305$789
43 years$10,820$6,547$3,807$2,147$1,185$706
44 years$10,456$6,240$3,574$1,983$1,075$631
45 years$10,108$5,951$3,356$1,831$976$565
46 years$9,777$5,677$3,152$1,691$886$505
47 years$9,460$5,417$2,961$1,563$805$452
48 years$9,158$5,172$2,783$1,444$731$404
49 years$8,869$4,939$2,615$1,335$664$362
50 years$8,592$4,718$2,459$1,233$603$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,800,000, adding $5,777 every year, while hoping to spend $34,483 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: 73/9/18 Blend
49$8,800,000$8,800,000$8,800,000$8,800,000
50$9,703,559$9,237,159$9,100,759$10,370,714
51$10,656,632$9,653,090$9,368,945$11,230,202
52$11,705,763$10,088,246$9,644,959$12,166,715
53$12,860,714$10,543,533$9,929,028$13,191,756
54$14,132,239$11,019,899$10,221,383$14,314,113
55$15,532,192$11,518,338$10,522,264$15,543,457
56$17,073,632$12,039,893$10,831,916$16,890,439
57$18,770,949$12,585,654$11,150,591$18,366,786
58$20,640,000$13,156,765$11,478,550$19,985,410
59$22,698,258$13,754,425$11,816,060$21,760,530
60$24,964,978$14,379,889$12,163,395$23,707,806
61$27,461,375$15,034,473$12,520,838$25,844,482
62$30,210,829$15,719,556$12,888,680$28,189,549
63$33,239,101$16,436,582$13,267,219$30,763,925
64$36,574,581$17,187,065$13,656,761$33,590,647
65$40,248,549$17,972,593$14,057,624$36,695,089
66$44,295,478$18,794,827$14,470,132$40,105,199
67$48,753,354$19,655,511$14,894,618$43,851,762
68$53,664,035$20,556,469$15,331,427$47,968,689
69$59,073,647$21,499,617$15,780,910$52,493,331
70$65,033,020$22,486,959$16,243,431$57,466,838
71$71,598,165$23,520,597$16,719,364$62,934,535
72$78,830,806$24,602,735$17,209,091$68,946,356
73$86,798,960$25,735,681$17,713,007$75,557,311
74$95,577,580$26,921,854$18,231,518$82,827,998
75$105,249,259$28,163,792$18,765,040$90,825,180
76$115,905,017$29,464,151$19,314,003$99,622,409
77$127,645,154$30,825,719$19,878,846$109,300,715
78$140,580,195$32,251,415$20,460,023$119,949,374
79$154,831,940$33,744,300$21,058,000$131,666,745
80$170,534,610$35,307,582$21,673,254$144,561,194
81$187,836,111$36,944,624$22,306,279$158,752,115
82$206,899,434$38,658,951$22,957,579$174,371,056
83$227,904,194$40,454,257$23,627,676$191,562,954
84$251,048,321$42,334,415$24,317,102$210,487,503
85$276,549,933$44,303,485$25,026,408$231,320,655
86$304,649,392$46,365,721$25,756,159$254,256,279
87$335,611,574$48,525,585$26,506,934$279,507,986
88$369,728,368$50,787,753$27,279,330$307,311,142
89$407,321,435$53,157,126$28,073,961$337,925,087
90$448,745,239$55,638,843$28,891,456$371,635,577
91$494,390,396$58,238,289$29,732,463$408,757,475
92$544,687,364$60,961,113$30,597,648$449,637,726
93$600,110,501$63,813,233$31,487,695$494,658,616
94$661,182,546$66,800,856$32,403,307$544,241,387
95$728,479,554$69,930,486$33,345,206$598,850,201
96$802,636,333$73,208,944$34,314,135$658,996,516
97$884,352,438$76,643,381$35,310,857$725,243,915
98$974,398,771$80,241,291$36,336,156$798,213,412
99$1,073,624,866$84,010,535$37,390,837$878,589,315
100$1,182,966,901$87,959,350$38,475,729$967,125,673