Can I retire at age 50 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$718,438$712,038$705,795$699,701$693,750$682,819
2 years$355,662$349,038$342,619$336,395$330,357$319,373
3 years$234,753$228,100$221,697$215,531$209,592$198,896
4 years$174,310$167,678$161,339$155,278$149,483$139,158
5 years$138,054$131,462$125,205$119,269$113,635$103,710
6 years$113,891$107,348$101,185$95,380$89,915$80,402
7 years$96,638$90,151$84,085$78,417$73,125$64,027
8 years$83,705$77,276$71,311$65,782$60,664$51,980
9 years$73,651$67,283$61,420$56,032$51,088$42,813
10 years$65,612$59,306$53,547$48,300$43,530$35,656
11 years$59,040$52,797$47,142$42,035$37,437$29,958
12 years$53,566$47,388$41,837$36,871$32,442$25,348
13 years$48,939$42,825$37,379$32,551$28,290$21,570
14 years$44,976$38,926$33,585$28,895$24,799$18,443
15 years$41,544$35,560$30,323$25,770$21,835$15,830
16 years$38,544$32,626$27,492$23,074$19,298$13,633
17 years$35,900$30,047$25,017$20,732$17,111$11,773
18 years$33,553$27,765$22,837$18,683$15,214$10,191
19 years$31,454$25,732$20,906$16,882$13,561$8,839
20 years$29,569$23,911$19,187$15,290$12,113$7,680
21 years$27,864$22,273$17,648$13,877$10,839$6,683
22 years$26,317$20,791$16,265$12,617$9,716$5,822
23 years$24,907$19,445$15,018$11,491$8,722$5,078
24 years$23,616$18,219$13,889$10,480$7,839$4,433
25 years$22,430$17,097$12,864$9,571$7,054$3,874
26 years$21,337$16,069$11,931$8,751$6,354$3,387
27 years$20,327$15,123$11,079$8,010$5,729$2,963
28 years$19,390$14,250$10,299$7,339$5,169$2,594
29 years$18,520$13,443$9,584$6,730$4,668$2,272
30 years$17,709$12,696$8,928$6,177$4,217$1,991
31 years$16,953$12,002$8,323$5,673$3,813$1,745
32 years$16,244$11,356$7,765$5,213$3,449$1,530
33 years$15,580$10,754$7,251$4,794$3,121$1,342
34 years$14,957$10,193$6,775$4,411$2,826$1,177
35 years$14,370$9,668$6,334$4,061$2,560$1,033
36 years$13,818$9,176$5,925$3,740$2,319$906
37 years$13,296$8,715$5,546$3,446$2,102$795
38 years$12,803$8,282$5,193$3,176$1,906$698
39 years$12,336$7,876$4,866$2,928$1,728$613
40 years$11,894$7,493$4,561$2,701$1,567$538
41 years$11,475$7,133$4,276$2,492$1,422$473
42 years$11,076$6,793$4,011$2,300$1,290$415
43 years$10,697$6,472$3,764$2,123$1,171$365
44 years$10,337$6,169$3,533$1,960$1,063$320
45 years$9,993$5,883$3,318$1,810$965$281
46 years$9,665$5,612$3,116$1,672$876$247
47 years$9,353$5,356$2,927$1,545$796$217
48 years$9,054$5,113$2,751$1,428$723$191
49 years$8,768$4,883$2,586$1,319$656$167
50 years$8,494$4,664$2,431$1,219$596$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $8,700,000, adding $3,058 every year, while hoping to spend $49,282 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: 39/46/15 Blend
49$8,700,000$8,700,000$8,700,000$8,700,000
50$9,590,554$9,129,454$8,994,604$9,921,331
51$10,516,355$9,524,362$9,243,488$10,552,108
52$11,534,936$9,936,968$9,499,057$11,228,703
53$12,655,708$10,368,089$9,761,485$11,959,219
54$13,889,042$10,818,576$10,030,946$12,748,551
55$15,246,363$11,289,325$10,307,621$13,602,070
56$16,740,261$11,781,271$10,591,695$14,525,665
57$18,384,607$12,295,393$10,883,357$15,525,802
58$20,194,688$12,832,718$11,182,800$16,609,574
59$22,187,344$13,394,319$11,490,222$17,784,769
60$24,381,135$13,981,322$11,805,826$19,059,938
61$26,796,508$14,594,905$12,129,819$20,444,469
62$29,455,998$15,236,301$12,462,413$21,948,676
63$32,384,432$15,906,802$12,803,826$23,583,886
64$35,609,170$16,607,761$13,154,280$25,362,545
65$39,160,359$17,340,595$13,514,003$27,298,329
66$43,071,219$18,106,788$13,883,226$29,406,268
67$47,378,358$18,907,895$14,262,188$31,702,882
68$52,122,111$19,745,543$14,651,132$34,206,330
69$57,346,929$20,621,437$15,050,308$36,936,577
70$63,101,792$21,537,363$15,459,969$39,915,575
71$69,440,673$22,495,193$15,880,376$43,167,464
72$76,423,049$23,496,884$16,311,796$46,718,794
73$84,114,459$24,544,491$16,754,500$50,598,764
74$92,587,125$25,640,162$17,208,767$54,839,494
75$101,920,632$26,786,151$17,674,882$59,476,321
76$112,202,680$27,984,816$18,153,134$64,548,118
77$123,529,911$29,238,629$18,643,821$70,097,660
78$136,008,820$30,550,179$19,147,246$76,172,014
79$149,756,761$31,922,179$19,663,721$82,822,973
80$164,903,056$33,357,472$20,193,561$90,107,537
81$181,590,213$34,859,033$20,737,090$98,088,441
82$199,975,272$36,429,983$21,294,640$106,834,734
83$220,231,287$38,073,589$21,866,548$116,422,421
84$242,548,959$39,793,276$22,453,158$126,935,167
85$267,138,437$41,592,631$23,054,824$138,465,077
86$294,231,302$43,475,414$23,671,904$151,113,548
87$324,082,747$45,445,562$24,304,766$164,992,216
88$356,973,996$47,507,203$24,953,783$180,223,995
89$393,214,948$49,664,660$25,619,340$196,944,219
90$433,147,110$51,922,466$26,301,825$215,301,909
91$477,146,816$54,285,368$27,001,637$235,461,158
92$525,628,781$56,758,340$27,719,182$257,602,667
93$579,050,015$59,346,598$28,454,873$281,925,431
94$637,914,140$62,055,604$29,209,134$308,648,596
95$702,776,137$64,891,083$29,982,395$338,013,514
96$774,247,592$67,859,036$30,775,094$370,285,996
97$853,002,467$70,965,749$31,587,681$405,758,800
98$939,783,461$74,217,813$32,420,610$444,754,374
99$1,035,409,020$77,622,132$33,274,346$487,627,875
100$1,140,781,067$81,185,943$34,149,364$534,770,498