Can I retire at age 50 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$693,664$687,485$681,457$675,573$669,828$646,319
2 years$343,398$337,003$330,804$324,795$318,966$295,528
3 years$226,658$220,235$214,052$208,099$202,365$179,734
4 years$168,299$161,896$155,775$149,924$144,328$122,678
5 years$133,293$126,928$120,888$115,156$109,716$89,103
6 years$109,964$103,647$97,695$92,091$86,815$67,255
7 years$93,306$87,042$81,185$75,713$70,604$52,093
8 years$80,819$74,611$68,852$63,514$58,572$41,096
9 years$71,111$64,963$59,302$54,100$49,326$32,861
10 years$63,350$57,261$51,701$46,634$42,029$26,547
11 years$57,004$50,976$45,517$40,586$36,146$21,617
12 years$51,719$45,754$40,395$35,599$31,323$17,712
13 years$47,251$41,348$36,090$31,429$27,315$14,585
14 years$43,425$37,584$32,427$27,899$23,944$12,058
15 years$40,111$34,334$29,277$24,881$21,082$10,001
16 years$37,215$31,501$26,544$22,278$18,632$8,317
17 years$34,662$29,011$24,154$20,017$16,521$6,932
18 years$32,396$26,807$22,050$18,039$14,689$5,787
19 years$30,370$24,845$20,185$16,300$13,093$4,839
20 years$28,549$23,087$18,525$14,763$11,695$4,051
21 years$26,904$21,505$17,040$13,398$10,466$3,395
22 years$25,410$20,074$15,705$12,182$9,381$2,848
23 years$24,048$18,775$14,500$11,094$8,421$2,390
24 years$22,802$17,591$13,410$10,119$7,569$2,007
25 years$21,656$16,508$12,421$9,241$6,811$1,687
26 years$20,601$15,515$11,520$8,449$6,135$1,418
27 years$19,626$14,601$10,697$7,734$5,531$1,192
28 years$18,722$13,759$9,944$7,086$4,991$1,003
29 years$17,882$12,980$9,254$6,498$4,507$844
30 years$17,099$12,258$8,620$5,964$4,072$710
31 years$16,368$11,588$8,036$5,477$3,682$598
32 years$15,684$10,964$7,498$5,034$3,330$503
33 years$15,043$10,383$7,001$4,629$3,014$424
34 years$14,441$9,841$6,541$4,259$2,729$357
35 years$13,875$9,334$6,115$3,921$2,471$300
36 years$13,341$8,860$5,721$3,611$2,239$253
37 years$12,837$8,415$5,354$3,327$2,030$213
38 years$12,361$7,997$5,014$3,066$1,840$179
39 years$11,911$7,604$4,698$2,827$1,669$151
40 years$11,484$7,235$4,403$2,608$1,513$127
41 years$11,079$6,887$4,129$2,406$1,373$107
42 years$10,694$6,559$3,873$2,221$1,246$90
43 years$10,329$6,249$3,634$2,050$1,131$76
44 years$9,980$5,957$3,411$1,893$1,026$64
45 years$9,649$5,680$3,203$1,748$932$54
46 years$9,332$5,419$3,009$1,615$846$45
47 years$9,030$5,171$2,826$1,492$768$38
48 years$8,741$4,937$2,656$1,378$698$32
49 years$8,465$4,714$2,497$1,274$634$27
50 years$8,201$4,503$2,347$1,177$575$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,400,000, adding $6,611 every year, while hoping to spend $28,319 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: 61/23/16 Blend
49$8,400,000$8,400,000$8,400,000$8,400,000
50$9,263,619$8,818,419$8,688,219$9,790,956
51$10,178,377$9,220,391$8,949,143$10,548,919
52$11,185,491$9,641,109$9,217,859$11,371,937
53$12,294,352$10,081,464$9,494,598$12,269,419
54$13,515,307$10,542,387$9,779,598$13,248,583
55$14,859,757$11,024,853$10,073,104$14,317,370
56$16,340,267$11,529,885$10,375,367$15,484,515
57$17,970,681$12,058,556$10,686,648$16,759,625
58$19,766,253$12,611,988$11,007,214$18,153,270
59$21,743,794$13,191,359$11,337,340$19,677,080
60$23,921,829$13,797,903$11,677,308$21,343,852
61$26,320,768$14,432,913$12,027,410$23,167,668
62$28,963,105$15,097,744$12,387,947$25,164,024
63$31,873,625$15,793,817$12,759,226$27,349,975
64$35,079,641$16,522,620$13,141,567$29,744,294
65$38,611,250$17,285,715$13,535,295$32,367,643
66$42,501,618$18,084,735$13,940,748$35,242,767
67$46,787,292$18,921,396$14,358,272$38,394,705
68$51,508,546$19,797,495$14,788,224$41,851,023
69$56,709,760$20,714,915$15,230,972$45,642,068
70$62,439,839$21,675,629$15,686,893$49,801,255
71$68,752,675$22,681,707$16,156,377$54,365,375
72$75,707,656$23,735,319$16,639,823$59,374,939
73$83,370,224$24,838,736$17,137,644$64,874,555
74$91,812,496$25,994,344$17,650,265$70,913,348
75$101,113,943$27,204,639$18,178,121$77,545,413
76$111,362,140$28,472,241$18,721,663$84,830,328
77$122,653,592$29,799,894$19,281,352$92,833,703
78$135,094,646$31,190,477$19,857,665$101,627,801
79$148,802,494$32,647,005$20,451,092$111,292,210
80$163,906,282$34,172,642$21,062,136$121,914,589
81$180,548,323$35,770,701$21,691,318$133,591,491
82$198,885,445$37,444,659$22,339,171$146,429,266
83$219,090,471$39,198,158$23,006,244$160,545,058
84$241,353,850$41,035,018$23,693,103$176,067,907
85$265,885,452$42,959,243$24,400,331$193,139,954
86$292,916,553$44,975,031$25,128,527$211,917,779
87$322,702,015$47,086,782$25,878,307$232,573,870
88$355,522,696$49,299,110$26,650,306$255,298,243
89$391,688,097$51,616,852$27,445,177$280,300,225
90$431,539,284$54,045,078$28,263,591$307,810,425
91$475,452,111$56,589,107$29,106,241$338,082,894
92$523,840,764$59,254,511$29,973,838$371,397,521
93$577,161,675$62,047,135$30,867,115$408,062,660
94$635,917,827$64,973,106$31,786,825$448,418,028
95$700,663,505$68,038,848$32,733,743$492,837,905
96$772,009,527$71,251,096$33,708,668$541,734,654
97$850,629,011$74,616,912$34,712,420$595,562,596
98$937,263,729$78,143,700$35,745,846$654,822,294
99$1,032,731,112$81,839,224$36,809,814$720,065,256
100$1,137,931,961$85,711,622$37,905,219$791,899,133