Can I retire at age 50 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$710,180$703,854$697,682$691,658$685,776$673,031
2 years$351,574$345,026$338,681$332,528$326,560$313,768
3 years$232,055$225,479$219,149$213,054$207,183$194,741
4 years$172,307$165,751$159,484$153,493$147,765$135,770
5 years$136,467$129,951$123,766$117,898$112,328$100,815
6 years$112,582$106,114$100,022$94,284$88,882$77,862
7 years$95,528$89,115$83,118$77,516$72,285$61,761
8 years$82,743$76,388$70,491$65,026$59,967$49,938
9 years$72,804$66,509$60,714$55,388$50,501$40,959
10 years$64,858$58,625$52,932$47,745$43,029$33,967
11 years$58,361$52,190$46,600$41,552$37,007$28,413
12 years$52,951$46,843$41,357$36,447$32,069$23,933
13 years$48,376$42,332$36,949$32,177$27,965$20,272
14 years$44,459$38,479$33,199$28,563$24,514$17,251
15 years$41,066$35,151$29,974$25,473$21,584$14,737
16 years$38,101$32,251$27,176$22,809$19,076$12,629
17 years$35,488$29,702$24,729$20,493$16,914$10,852
18 years$33,167$27,446$22,575$18,469$15,039$9,346
19 years$31,093$25,436$20,666$16,688$13,405$8,065
20 years$29,229$23,637$18,966$15,114$11,973$6,970
21 years$27,544$22,017$17,445$13,717$10,715$6,033
22 years$26,015$20,552$16,078$12,472$9,604$5,228
23 years$24,621$19,222$14,846$11,359$8,621$4,535
24 years$23,344$18,009$13,730$10,360$7,749$3,938
25 years$22,172$16,901$12,716$9,461$6,973$3,422
26 years$21,092$15,884$11,794$8,651$6,281$2,975
27 years$20,093$14,949$10,952$7,918$5,663$2,588
28 years$19,168$14,086$10,181$7,255$5,110$2,253
29 years$18,307$13,289$9,474$6,653$4,614$1,962
30 years$17,506$12,550$8,825$6,106$4,169$1,709
31 years$16,758$11,864$8,227$5,607$3,769$1,489
32 years$16,058$11,225$7,676$5,153$3,409$1,298
33 years$15,401$10,631$7,167$4,739$3,086$1,132
34 years$14,785$10,076$6,697$4,360$2,794$987
35 years$14,205$9,556$6,261$4,014$2,530$861
36 years$13,659$9,070$5,857$3,697$2,293$751
37 years$13,143$8,615$5,482$3,406$2,078$655
38 years$12,656$8,187$5,134$3,139$1,884$572
39 years$12,195$7,785$4,810$2,895$1,708$499
40 years$11,758$7,407$4,508$2,670$1,549$436
41 years$11,343$7,051$4,227$2,463$1,406$380
42 years$10,949$6,715$3,965$2,273$1,276$332
43 years$10,575$6,398$3,721$2,099$1,158$290
44 years$10,218$6,099$3,493$1,938$1,051$253
45 years$9,878$5,816$3,279$1,790$954$221
46 years$9,554$5,548$3,080$1,653$866$193
47 years$9,245$5,294$2,894$1,527$786$168
48 years$8,950$5,054$2,719$1,411$714$147
49 years$8,667$4,826$2,556$1,304$649$128
50 years$8,397$4,610$2,403$1,205$589$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,600,000, adding $4,162 every year, while hoping to spend $58,565 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: 57/25/18 Blend
49$8,600,000$8,600,000$8,600,000$8,600,000
50$9,481,493$9,025,693$8,892,393$9,976,617
51$10,386,293$9,405,639$9,127,976$10,693,514
52$11,381,419$9,802,240$9,369,487$11,467,680
53$12,476,023$10,216,250$9,617,065$12,310,030
54$13,680,189$10,648,457$9,870,848$13,227,132
55$15,005,026$11,099,689$10,130,978$14,226,207
56$16,462,773$11,570,808$10,397,601$15,315,197
57$18,066,919$12,062,721$10,670,863$16,502,840
58$19,832,323$12,576,373$10,950,916$17,798,745
59$21,775,360$13,112,755$11,237,911$19,213,486
60$23,914,071$13,672,904$11,532,006$20,758,698
61$26,268,335$14,257,906$11,833,357$22,447,181
62$28,860,058$14,868,896$12,142,127$24,293,023
63$31,713,376$15,507,064$12,458,481$26,311,728
64$34,854,885$16,173,654$12,782,584$28,520,359
65$38,313,889$16,869,969$13,114,607$30,937,697
66$42,122,682$17,597,374$13,454,722$33,584,418
67$46,316,847$18,357,296$13,803,106$36,483,278
68$50,935,592$19,151,231$14,159,937$39,659,334
69$56,022,124$19,980,742$14,525,396$43,140,168
70$61,624,051$20,847,469$14,899,668$46,956,150
71$67,793,837$21,753,128$15,282,940$51,140,718
72$74,589,291$22,699,514$15,675,401$55,730,693
73$82,074,117$23,688,508$16,077,245$60,766,618
74$90,318,511$24,722,080$16,488,667$66,293,140
75$99,399,828$25,802,291$16,909,866$72,359,425
76$109,403,308$26,931,300$17,341,044$79,019,621
77$120,422,880$28,111,368$17,782,404$86,333,361
78$132,562,053$29,344,864$18,234,153$94,366,319
79$145,934,886$30,634,266$18,696,501$103,190,834
80$160,667,071$31,982,172$19,169,660$112,886,576
81$176,897,113$33,391,299$19,653,845$123,541,300
82$194,777,643$34,864,497$20,149,273$135,251,667
83$214,476,853$36,404,748$20,656,164$148,124,149
84$236,180,087$38,015,176$21,174,741$162,276,029
85$260,091,589$39,699,053$21,705,228$177,836,500
86$286,436,430$41,459,805$22,247,851$194,947,880
87$315,462,632$43,301,022$22,802,841$213,766,947
88$347,443,513$45,226,464$23,370,428$234,466,411
89$382,680,259$47,240,069$23,950,846$257,236,536
90$421,504,775$49,345,962$24,544,329$282,286,931
91$464,282,813$51,548,464$25,151,114$309,848,517
92$511,417,423$53,852,103$25,771,440$340,175,698
93$563,352,763$56,261,619$26,405,547$373,548,756
94$620,578,287$58,781,981$27,053,675$410,276,485
95$683,633,367$61,418,391$27,716,067$450,699,095
96$753,112,381$64,176,303$28,392,966$495,191,416
97$829,670,329$67,061,428$29,084,616$544,166,423
98$914,029,014$70,079,749$29,791,261$598,079,124
99$1,006,983,852$73,237,535$30,513,147$657,430,842
100$1,109,411,386$76,541,356$31,250,519$722,773,938