Can I retire at age 50 with 8,900,000?

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 $8,900,000?

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$734,954$728,407$722,020$715,786$709,698$706,114
2 years$363,838$357,062$350,495$344,128$337,952$334,334
3 years$240,150$233,344$226,794$220,486$214,410$210,872
4 years$178,317$171,533$165,048$158,848$152,919$149,487
5 years$141,228$134,484$128,084$122,010$116,247$112,931
6 years$116,509$109,816$103,511$97,573$91,982$88,787
7 years$98,860$92,223$86,018$80,220$74,806$71,733
8 years$85,629$79,052$72,950$67,294$62,059$59,108
9 years$75,344$68,829$62,832$57,320$52,263$49,434
10 years$67,121$60,670$54,778$49,410$44,530$41,822
11 years$60,397$54,011$48,226$43,002$38,298$35,708
12 years$54,798$48,477$42,799$37,718$33,188$30,714
13 years$50,064$43,809$38,238$33,300$28,940$26,581
14 years$46,010$39,821$34,357$29,560$25,369$23,121
15 years$42,499$36,377$31,020$26,362$22,337$20,198
16 years$39,430$33,376$28,124$23,604$19,741$17,708
17 years$36,726$30,738$25,592$21,208$17,504$15,573
18 years$34,324$28,403$23,362$19,113$15,564$13,732
19 years$32,178$26,324$21,387$17,270$13,872$12,137
20 years$30,248$24,461$19,628$15,642$12,391$10,748
21 years$28,505$22,785$18,054$14,196$11,089$9,535
22 years$26,922$21,269$16,639$12,907$9,939$8,472
23 years$25,479$19,892$15,363$11,755$8,922$7,537
24 years$24,159$18,638$14,209$10,721$8,019$6,714
25 years$22,946$17,490$13,160$9,791$7,216$5,986
26 years$21,828$16,438$12,205$8,952$6,500$5,343
27 years$20,794$15,470$11,334$8,194$5,860$4,772
28 years$19,836$14,578$10,536$7,508$5,288$4,266
29 years$18,946$13,752$9,805$6,885$4,775$3,815
30 years$18,117$12,988$9,133$6,319$4,314$3,414
31 years$17,342$12,278$8,514$5,803$3,901$3,057
32 years$16,618$11,617$7,944$5,333$3,528$2,739
33 years$15,939$11,002$7,417$4,904$3,193$2,454
34 years$15,301$10,427$6,930$4,512$2,891$2,200
35 years$14,701$9,890$6,479$4,154$2,619$1,973
36 years$14,135$9,387$6,061$3,826$2,373$1,770
37 years$13,602$8,915$5,673$3,525$2,150$1,588
38 years$13,097$8,473$5,313$3,249$1,949$1,425
39 years$12,620$8,057$4,977$2,996$1,768$1,279
40 years$12,168$7,665$4,665$2,763$1,604$1,149
41 years$11,739$7,297$4,375$2,549$1,455$1,031
42 years$11,331$6,949$4,104$2,353$1,320$926
43 years$10,943$6,621$3,851$2,172$1,198$832
44 years$10,574$6,311$3,614$2,005$1,087$747
45 years$10,223$6,018$3,394$1,852$987$672
46 years$9,888$5,741$3,188$1,711$896$603
47 years$9,568$5,479$2,995$1,580$814$542
48 years$9,262$5,230$2,814$1,460$739$487
49 years$8,969$4,995$2,645$1,350$671$438
50 years$8,690$4,771$2,487$1,248$610$394

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,900,000, adding $4,663 every year, while hoping to spend $46,559 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: 69/15/16 Blend
49$8,900,000$8,900,000$8,900,000$8,900,000
50$9,812,610$9,340,910$9,202,960$10,452,506
51$10,763,958$9,749,076$9,461,721$11,287,422
52$11,810,782$10,175,682$9,727,589$12,194,626
53$12,962,774$10,621,582$10,000,755$13,186,044
54$14,230,608$11,087,671$10,281,412$14,269,966
55$15,626,049$11,574,885$10,569,758$15,455,518
56$17,162,057$12,084,206$10,865,996$16,752,743
57$18,852,917$12,616,662$11,170,337$18,172,698
58$20,714,365$13,173,329$11,482,994$19,727,554
59$22,763,741$13,755,333$11,804,185$21,430,711
60$25,020,155$14,363,856$12,134,137$23,296,920
61$27,504,659$15,000,134$12,473,079$25,342,425
62$30,240,455$15,665,461$12,821,248$27,585,109
63$33,253,107$16,361,194$13,178,886$30,044,664
64$36,570,786$17,088,755$13,546,240$32,742,776
65$40,224,532$17,849,630$13,923,565$35,703,324
66$44,248,552$18,645,380$14,311,122$38,952,606
67$48,680,537$19,477,636$14,709,178$42,519,583
68$53,562,022$20,348,110$15,118,005$46,436,152
69$58,938,774$21,258,593$15,537,884$50,737,442
70$64,861,227$22,210,963$15,969,102$55,462,146
71$71,384,958$23,207,186$16,411,952$60,652,879
72$78,571,208$24,249,322$16,866,737$66,356,585
73$86,487,463$25,339,530$17,333,764$72,624,967
74$95,208,088$26,480,071$17,813,349$79,514,980
75$104,815,032$27,673,313$18,305,815$87,089,364
76$115,398,600$28,921,740$18,811,495$95,417,229
77$127,058,303$30,227,952$19,330,726$104,574,709
78$139,903,801$31,594,673$19,863,856$114,645,671
79$154,055,935$33,024,758$20,411,242$125,722,509
80$169,647,868$34,521,198$20,973,246$137,907,010
81$186,826,342$36,087,128$21,550,241$151,311,308
82$205,753,063$37,725,832$22,142,609$166,058,941
83$226,606,229$39,440,752$22,750,740$182,286,014
84$249,582,208$41,235,492$23,375,033$200,142,474
85$274,897,395$43,113,832$24,015,898$219,793,527
86$302,790,251$45,079,732$24,673,752$241,421,186
87$333,523,558$47,137,340$25,349,024$265,225,990
88$367,386,897$49,291,006$26,042,152$291,428,886
89$404,699,380$51,545,285$26,753,584$320,273,313
90$445,812,665$53,904,952$27,483,778$352,027,493
91$491,114,275$56,375,013$28,233,203$386,986,955
92$541,031,254$58,960,712$29,002,338$425,477,320
93$596,034,199$61,667,544$29,791,673$467,857,366
94$656,641,704$64,501,270$30,601,711$514,522,413
95$723,425,254$67,467,928$31,432,964$565,908,039
96$797,014,617$70,573,844$32,285,956$622,494,193
97$878,103,795$73,825,649$33,161,222$684,809,711
98$967,457,570$77,230,294$34,059,311$753,437,304
99$1,065,918,726$80,795,063$34,980,782$829,019,046
100$1,174,416,006$84,527,590$35,926,208$912,262,431