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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$734,954$728,407$722,020$715,786$709,698$683,702
2 years$363,838$357,062$350,495$344,128$337,952$312,050
3 years$240,150$233,344$226,794$220,486$214,410$189,418
4 years$178,317$171,533$165,048$158,848$152,919$129,027
5 years$141,228$134,484$128,084$122,010$116,247$93,517
6 years$116,509$109,816$103,511$97,573$91,982$70,431
7 years$98,860$92,223$86,018$80,220$74,806$54,428
8 years$85,629$79,052$72,950$67,294$62,059$42,837
9 years$75,344$68,829$62,832$57,320$52,263$34,169
10 years$67,121$60,670$54,778$49,410$44,530$27,534
11 years$60,397$54,011$48,226$43,002$38,298$22,362
12 years$54,798$48,477$42,799$37,718$33,188$18,274
13 years$50,064$43,809$38,238$33,300$28,940$15,007
14 years$46,010$39,821$34,357$29,560$25,369$12,372
15 years$42,499$36,377$31,020$26,362$22,337$10,233
16 years$39,430$33,376$28,124$23,604$19,741$8,485
17 years$36,726$30,738$25,592$21,208$17,504$7,051
18 years$34,324$28,403$23,362$19,113$15,564$5,869
19 years$32,178$26,324$21,387$17,270$13,872$4,893
20 years$30,248$24,461$19,628$15,642$12,391$4,084
21 years$28,505$22,785$18,054$14,196$11,089$3,412
22 years$26,922$21,269$16,639$12,907$9,939$2,853
23 years$25,479$19,892$15,363$11,755$8,922$2,387
24 years$24,159$18,638$14,209$10,721$8,019$1,998
25 years$22,946$17,490$13,160$9,791$7,216$1,674
26 years$21,828$16,438$12,205$8,952$6,500$1,402
27 years$20,794$15,470$11,334$8,194$5,860$1,175
28 years$19,836$14,578$10,536$7,508$5,288$985
29 years$18,946$13,752$9,805$6,885$4,775$826
30 years$18,117$12,988$9,133$6,319$4,314$693
31 years$17,342$12,278$8,514$5,803$3,901$582
32 years$16,618$11,617$7,944$5,333$3,528$488
33 years$15,939$11,002$7,417$4,904$3,193$409
34 years$15,301$10,427$6,930$4,512$2,891$344
35 years$14,701$9,890$6,479$4,154$2,619$288
36 years$14,135$9,387$6,061$3,826$2,373$242
37 years$13,602$8,915$5,673$3,525$2,150$203
38 years$13,097$8,473$5,313$3,249$1,949$171
39 years$12,620$8,057$4,977$2,996$1,768$143
40 years$12,168$7,665$4,665$2,763$1,604$120
41 years$11,739$7,297$4,375$2,549$1,455$101
42 years$11,331$6,949$4,104$2,353$1,320$85
43 years$10,943$6,621$3,851$2,172$1,198$71
44 years$10,574$6,311$3,614$2,005$1,087$60
45 years$10,223$6,018$3,394$1,852$987$50
46 years$9,888$5,741$3,188$1,711$896$42
47 years$9,568$5,479$2,995$1,580$814$35
48 years$9,262$5,230$2,814$1,460$739$30
49 years$8,969$4,995$2,645$1,350$671$25
50 years$8,690$4,771$2,487$1,248$610$21

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 $3,790 every year, while hoping to spend $48,011 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: 36/37/27 Blend
49$8,900,000$8,900,000$8,900,000$8,900,000
50$9,811,709$9,340,009$9,202,059$10,085,178
51$10,761,420$9,746,587$9,459,245$10,695,032
52$11,806,393$10,171,477$9,723,437$11,348,331
53$12,956,293$10,615,527$9,994,820$12,052,702
54$14,221,770$11,079,623$10,273,582$12,812,769
55$15,614,560$11,564,694$10,559,917$13,633,600
56$17,147,593$12,071,712$10,854,022$14,520,759
57$18,835,117$12,601,695$11,156,101$15,480,349
58$20,692,829$13,155,709$11,466,361$16,519,071
59$22,738,029$13,734,870$11,785,015$17,644,279
60$24,989,778$14,340,348$12,112,282$18,864,051
61$27,469,077$14,973,367$12,448,386$20,187,256
62$30,199,070$15,635,210$12,793,554$21,623,637
63$33,205,260$16,327,219$13,148,023$23,183,900
64$36,515,746$17,050,803$13,512,031$24,879,804
65$40,161,494$17,807,433$13,885,826$26,724,276
66$44,176,623$18,598,655$14,269,658$28,731,520
67$48,598,734$19,426,084$14,663,787$30,917,154
68$53,469,257$20,291,415$15,068,476$33,298,343
69$58,833,847$21,196,420$15,483,996$35,893,966
70$64,742,814$22,142,958$15,910,624$38,724,779
71$71,251,594$23,132,976$16,348,643$41,813,611
72$78,421,277$24,168,513$16,798,343$45,185,568
73$86,319,182$25,251,705$17,260,022$48,868,271
74$95,019,490$26,384,790$17,733,984$52,892,101
75$104,603,945$27,570,112$18,220,540$57,290,486
76$115,162,627$28,810,127$18,720,008$62,100,204
77$126,794,801$30,107,409$19,232,714$67,361,725
78$139,609,853$31,464,654$19,758,992$73,119,586
79$153,728,322$32,884,687$20,299,183$79,422,797
80$169,283,041$34,370,466$20,853,635$86,325,303
81$186,420,385$35,925,093$21,422,706$93,886,477
82$205,301,659$37,551,817$22,006,761$102,171,674
83$226,104,613$39,254,041$22,606,173$111,252,838
84$249,025,128$41,035,334$23,221,324$121,209,170
85$274,279,058$42,899,432$23,852,605$132,127,864
86$302,104,269$44,850,251$24,500,415$144,104,916
87$332,762,888$46,891,897$25,165,162$157,246,026
88$366,543,771$49,028,668$25,847,263$171,667,574
89$403,765,235$51,265,072$26,547,146$187,497,711
90$444,778,059$53,605,831$27,265,245$204,877,554
91$489,968,798$56,055,893$28,002,008$223,962,501
92$539,763,428$58,620,445$28,757,888$244,923,686
93$594,631,372$61,304,921$29,533,351$267,949,578
94$655,089,926$64,115,016$30,328,873$293,247,743
95$721,709,146$67,056,700$31,144,938$321,046,785
96$795,117,229$70,136,228$31,982,043$351,598,489
97$876,006,439$73,360,156$32,840,694$385,180,177
98$965,139,647$76,735,355$33,721,409$422,097,306
99$1,063,357,530$80,269,026$34,624,714$462,686,333
100$1,171,586,506$83,968,716$35,551,151$507,317,866