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

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$660,633$654,748$649,007$643,403$637,931$618,999
2 years$327,046$320,955$315,052$309,328$303,777$284,859
3 years$215,865$209,748$203,859$198,190$192,728$174,418
4 years$160,285$154,187$148,357$142,785$137,456$119,894
5 years$126,946$120,884$115,131$109,672$104,492$87,726
6 years$104,727$98,711$93,043$87,706$82,681$66,726
7 years$88,863$82,897$77,319$72,108$67,241$52,097
8 years$76,970$71,058$65,573$60,489$55,783$41,440
9 years$67,725$61,869$56,478$51,524$46,978$33,421
10 years$60,333$54,535$49,239$44,414$40,027$27,238
11 years$54,289$48,549$43,349$38,653$34,425$22,381
12 years$49,256$43,575$38,471$33,904$29,832$18,510
13 years$45,001$39,379$34,371$29,932$26,014$15,388
14 years$41,357$35,794$30,883$26,571$22,804$12,846
15 years$38,201$32,699$27,883$23,696$20,078$10,761
16 years$35,443$30,001$25,280$21,217$17,745$9,040
17 years$33,012$27,629$23,004$19,064$15,734$7,612
18 years$30,853$25,531$21,000$17,180$13,990$6,422
19 years$28,924$23,662$19,224$15,524$12,470$5,427
20 years$27,189$21,988$17,643$14,060$11,138$4,592
21 years$25,622$20,481$16,228$12,760$9,967$3,890
22 years$24,200$19,118$14,957$11,602$8,934$3,299
23 years$22,903$17,881$13,810$10,566$8,020$2,800
24 years$21,716$16,753$12,772$9,637$7,208$2,377
25 years$20,625$15,722$11,829$8,801$6,487$2,020
26 years$19,620$14,776$10,971$8,047$5,843$1,718
27 years$18,691$13,906$10,188$7,366$5,268$1,461
28 years$17,830$13,103$9,471$6,749$4,753$1,243
29 years$17,030$12,362$8,813$6,189$4,292$1,058
30 years$16,285$11,674$8,209$5,680$3,878$900
31 years$15,589$11,036$7,653$5,216$3,506$767
32 years$14,937$10,442$7,141$4,794$3,172$653
33 years$14,327$9,889$6,667$4,408$2,870$556
34 years$13,753$9,373$6,229$4,056$2,599$474
35 years$13,214$8,890$5,824$3,734$2,354$404
36 years$12,706$8,438$5,448$3,439$2,133$344
37 years$12,226$8,014$5,100$3,168$1,933$293
38 years$11,773$7,616$4,775$2,920$1,752$250
39 years$11,344$7,242$4,474$2,693$1,589$213
40 years$10,937$6,890$4,194$2,484$1,441$181
41 years$10,552$6,559$3,932$2,291$1,308$155
42 years$10,185$6,246$3,689$2,115$1,187$132
43 years$9,837$5,952$3,461$1,952$1,077$112
44 years$9,505$5,673$3,249$1,803$977$96
45 years$9,189$5,410$3,051$1,665$887$82
46 years$8,888$5,161$2,865$1,538$806$70
47 years$8,600$4,925$2,692$1,421$732$59
48 years$8,325$4,702$2,530$1,313$664$51
49 years$8,062$4,490$2,378$1,213$603$43
50 years$7,811$4,289$2,235$1,121$548$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,000,000, adding $6,792 every year, while hoping to spend $26,663 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: 47/29/24 Blend
49$8,000,000$8,000,000$8,000,000$8,000,000
50$8,823,006$8,399,006$8,275,006$9,176,890
51$9,694,583$8,782,188$8,523,849$9,809,089
52$10,654,168$9,183,252$8,780,136$10,491,736
53$11,710,708$9,603,047$9,044,085$11,232,201
54$12,874,065$10,042,461$9,315,927$12,035,918
55$14,155,104$10,502,425$9,595,894$12,908,857
56$15,565,796$10,983,916$9,884,229$13,857,575
57$17,119,336$11,487,957$10,181,179$14,889,278
58$18,830,261$12,015,619$10,487,001$16,011,886
59$20,714,589$12,568,026$10,801,957$17,234,103
60$22,789,974$13,146,356$11,126,319$18,565,497
61$25,075,867$13,751,843$11,460,366$20,016,587
62$27,593,702$14,385,780$11,804,385$21,598,940
63$30,367,099$15,049,523$12,158,672$23,325,276
64$33,422,086$15,744,492$12,523,530$25,209,584
65$36,787,345$16,472,178$12,899,275$27,267,249
66$40,494,480$17,234,141$13,286,226$29,515,196
67$44,578,320$18,032,017$13,684,718$31,972,043
68$49,077,245$18,867,522$14,095,092$34,658,277
69$54,033,545$19,742,452$14,517,699$37,596,436
70$59,493,826$20,658,692$14,952,902$40,811,320
71$65,509,445$21,618,216$15,401,073$44,330,224
72$72,136,996$22,623,096$15,862,596$48,183,185
73$79,438,843$23,675,501$16,337,866$52,403,262
74$87,483,710$24,777,706$16,827,290$57,026,843
75$96,347,330$25,932,095$17,331,285$62,093,982
76$106,113,158$27,141,168$17,850,284$67,648,772
77$116,873,160$28,407,545$18,384,728$73,739,752
78$128,728,681$29,733,973$18,935,075$80,420,361
79$141,791,400$31,123,332$19,501,794$87,749,437
80$156,184,387$32,578,639$20,085,368$95,791,759
81$172,043,262$34,103,060$20,686,296$104,618,657
82$189,517,477$35,699,912$21,305,088$114,308,674
83$208,771,724$37,372,672$21,942,273$124,948,301
84$229,987,493$39,124,987$22,598,393$136,632,781
85$253,364,784$40,960,678$23,274,006$149,467,004
86$279,123,994$42,883,753$23,969,687$163,566,485
87$307,507,997$44,898,412$24,686,027$179,058,442
88$338,784,439$47,009,061$25,423,636$196,082,991
89$373,248,263$49,220,316$26,183,139$214,794,454
90$411,224,493$51,537,019$26,965,181$235,362,809
91$453,071,303$53,964,245$27,770,426$257,975,275
92$499,183,398$56,507,315$28,599,558$282,838,075
93$549,995,740$59,171,808$29,453,278$310,178,366
94$605,987,653$61,963,574$30,332,310$340,246,366
95$667,687,350$64,888,745$31,237,399$373,317,710
96$735,676,918$67,953,752$32,169,310$409,696,029
97$810,597,814$71,165,337$33,128,832$449,715,807
98$893,156,920$74,530,567$34,116,777$493,745,518
99$984,133,215$78,056,855$35,133,979$542,191,089
100$1,084,385,133$81,751,970$36,181,297$595,499,713