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%18.6%
1 years$734,954$728,407$722,020$715,786$709,698$685,063
2 years$363,838$357,062$350,495$344,128$337,952$313,387
3 years$240,150$233,344$226,794$220,486$214,410$190,687
4 years$178,317$171,533$165,048$158,848$152,919$130,220
5 years$141,228$134,484$128,084$122,010$116,247$94,631
6 years$116,509$109,816$103,511$97,573$91,982$71,466
7 years$98,860$92,223$86,018$80,220$74,806$55,386
8 years$85,629$79,052$72,950$67,294$62,059$43,720
9 years$75,344$68,829$62,832$57,320$52,263$34,981
10 years$67,121$60,670$54,778$49,410$44,530$28,277
11 years$60,397$54,011$48,226$43,002$38,298$23,041
12 years$54,798$48,477$42,799$37,718$33,188$18,892
13 years$50,064$43,809$38,238$33,300$28,940$15,567
14 years$46,010$39,821$34,357$29,560$25,369$12,879
15 years$42,499$36,377$31,020$26,362$22,337$10,690
16 years$39,430$33,376$28,124$23,604$19,741$8,896
17 years$36,726$30,738$25,592$21,208$17,504$7,420
18 years$34,324$28,403$23,362$19,113$15,564$6,199
19 years$32,178$26,324$21,387$17,270$13,872$5,188
20 years$30,248$24,461$19,628$15,642$12,391$4,346
21 years$28,505$22,785$18,054$14,196$11,089$3,645
22 years$26,922$21,269$16,639$12,907$9,939$3,060
23 years$25,479$19,892$15,363$11,755$8,922$2,570
24 years$24,159$18,638$14,209$10,721$8,019$2,160
25 years$22,946$17,490$13,160$9,791$7,216$1,817
26 years$21,828$16,438$12,205$8,952$6,500$1,528
27 years$20,794$15,470$11,334$8,194$5,860$1,286
28 years$19,836$14,578$10,536$7,508$5,288$1,083
29 years$18,946$13,752$9,805$6,885$4,775$912
30 years$18,117$12,988$9,133$6,319$4,314$768
31 years$17,342$12,278$8,514$5,803$3,901$647
32 years$16,618$11,617$7,944$5,333$3,528$545
33 years$15,939$11,002$7,417$4,904$3,193$459
34 years$15,301$10,427$6,930$4,512$2,891$387
35 years$14,701$9,890$6,479$4,154$2,619$326
36 years$14,135$9,387$6,061$3,826$2,373$275
37 years$13,602$8,915$5,673$3,525$2,150$232
38 years$13,097$8,473$5,313$3,249$1,949$195
39 years$12,620$8,057$4,977$2,996$1,768$165
40 years$12,168$7,665$4,665$2,763$1,604$139
41 years$11,739$7,297$4,375$2,549$1,455$117
42 years$11,331$6,949$4,104$2,353$1,320$99
43 years$10,943$6,621$3,851$2,172$1,198$83
44 years$10,574$6,311$3,614$2,005$1,087$70
45 years$10,223$6,018$3,394$1,852$987$59
46 years$9,888$5,741$3,188$1,711$896$50
47 years$9,568$5,479$2,995$1,580$814$42
48 years$9,262$5,230$2,814$1,460$739$35
49 years$8,969$4,995$2,645$1,350$671$30
50 years$8,690$4,771$2,487$1,248$610$25

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 $5,373 every year, while hoping to spend $41,910 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: 65/29/6 Blend
49$8,900,000$8,900,000$8,900,000$8,900,000
50$9,813,342$9,341,642$9,203,692$10,441,382
51$10,769,711$9,754,791$9,467,424$11,272,604
52$11,822,225$10,186,779$9,738,586$12,174,865
53$12,980,647$10,638,486$10,017,383$13,159,464
54$14,255,733$11,110,832$10,304,026$14,234,399
55$15,659,336$11,604,781$10,598,729$15,408,466
56$17,204,516$12,121,343$10,901,715$16,691,341
57$18,905,665$12,661,577$11,213,210$18,093,670
58$20,778,639$13,226,590$11,533,449$19,627,161
59$22,840,911$13,817,544$11,862,670$21,304,700
60$25,111,734$14,435,654$12,201,120$23,140,462
61$27,612,325$15,082,195$12,549,051$25,150,047
62$30,366,061$15,758,501$12,906,723$27,350,624
63$33,398,701$16,465,970$13,274,401$29,761,087
64$36,738,633$17,206,067$13,652,358$32,402,231
65$40,417,137$17,980,327$14,040,874$35,296,945
66$44,468,679$18,790,357$14,440,237$38,470,427
67$48,931,241$19,637,842$14,850,743$41,950,414
68$53,846,678$20,524,546$15,272,693$45,767,442
69$59,261,110$21,452,320$15,706,399$49,955,127
70$65,225,358$22,423,099$16,152,179$54,550,485
71$71,795,428$23,438,914$16,610,360$59,594,268
72$79,033,034$24,501,893$17,081,279$65,131,351
73$87,006,181$25,614,263$17,565,279$71,211,145
74$95,789,810$26,778,361$18,062,715$77,888,064
75$105,466,502$27,996,632$18,573,947$85,222,028
76$116,127,261$29,271,642$19,099,350$93,279,024
77$127,872,366$30,606,078$19,639,303$102,131,726
78$140,812,327$32,002,755$20,194,199$111,860,171
79$155,068,918$33,464,624$20,764,439$122,552,511
80$170,776,334$34,994,777$21,350,434$134,305,835
81$188,082,454$36,596,455$21,952,607$147,227,081
82$207,150,237$38,273,053$22,571,391$161,434,036
83$228,159,259$40,028,131$23,207,231$177,056,443
84$251,307,412$41,865,418$23,860,583$194,237,213
85$276,812,768$43,788,824$24,531,912$213,133,770
86$304,915,639$45,802,444$25,221,699$233,919,526
87$335,880,843$47,910,573$25,930,435$256,785,508
88$370,000,208$50,117,710$26,658,624$281,942,151
89$407,595,323$52,428,571$27,406,781$309,621,278
90$449,020,575$54,848,101$28,175,438$340,078,272
91$494,666,494$57,381,479$28,965,136$373,594,480
92$544,963,441$60,034,135$29,776,432$410,479,857
93$600,385,667$62,811,763$30,609,897$451,075,876
94$661,455,792$65,720,326$31,466,116$495,758,742
95$728,749,740$68,766,079$32,345,688$544,942,927
96$802,902,172$71,955,576$33,249,227$599,085,073
97$884,612,482$75,295,687$34,177,364$658,688,285
98$974,651,392$78,793,613$35,130,744$724,306,863
99$1,073,868,238$82,456,904$36,110,027$796,551,522
100$1,183,198,977$86,293,471$37,115,892$876,095,140