Can I retire at age 50 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$74,404$73,741$73,094$72,463$71,847$70,425
2 years$36,834$36,148$35,483$34,838$34,213$32,786
3 years$24,312$23,623$22,960$22,321$21,706$20,319
4 years$18,052$17,365$16,709$16,081$15,481$14,145
5 years$14,297$13,615$12,967$12,352$11,768$10,487
6 years$11,795$11,117$10,479$9,878$9,312$8,086
7 years$10,008$9,336$8,708$8,121$7,573$6,403
8 years$8,669$8,003$7,385$6,813$6,283$5,168
9 years$7,628$6,968$6,361$5,803$5,291$4,231
10 years$6,795$6,142$5,546$5,002$4,508$3,503
11 years$6,114$5,468$4,882$4,353$3,877$2,924
12 years$5,548$4,908$4,333$3,818$3,360$2,458
13 years$5,068$4,435$3,871$3,371$2,930$2,078
14 years$4,658$4,031$3,478$2,993$2,568$1,765
15 years$4,302$3,683$3,140$2,669$2,261$1,505
16 years$3,992$3,379$2,847$2,390$1,999$1,287
17 years$3,718$3,112$2,591$2,147$1,772$1,103
18 years$3,475$2,875$2,365$1,935$1,576$948
19 years$3,258$2,665$2,165$1,748$1,404$816
20 years$3,062$2,476$1,987$1,583$1,254$704
21 years$2,886$2,307$1,828$1,437$1,123$608
22 years$2,726$2,153$1,685$1,307$1,006$526
23 years$2,579$2,014$1,555$1,190$903$455
24 years$2,446$1,887$1,438$1,085$812$394
25 years$2,323$1,771$1,332$991$731$342
26 years$2,210$1,664$1,236$906$658$296
27 years$2,105$1,566$1,147$830$593$257
28 years$2,008$1,476$1,067$760$535$223
29 years$1,918$1,392$993$697$483$194
30 years$1,834$1,315$925$640$437$169
31 years$1,756$1,243$862$587$395$147
32 years$1,682$1,176$804$540$357$127
33 years$1,614$1,114$751$496$323$111
34 years$1,549$1,056$702$457$293$96
35 years$1,488$1,001$656$421$265$84
36 years$1,431$950$614$387$240$73
37 years$1,377$903$574$357$218$64
38 years$1,326$858$538$329$197$55
39 years$1,278$816$504$303$179$48
40 years$1,232$776$472$280$162$42
41 years$1,188$739$443$258$147$36
42 years$1,147$704$415$238$134$32
43 years$1,108$670$390$220$121$28
44 years$1,071$639$366$203$110$24
45 years$1,035$609$344$187$100$21
46 years$1,001$581$323$173$91$18
47 years$969$555$303$160$82$16
48 years$938$530$285$148$75$14
49 years$908$506$268$137$68$12
50 years$880$483$252$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $901,000, adding $6,892 every year, while hoping to spend $52,652 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: 46/34/20 Blend
49$901,000$901,000$901,000$901,000
50$1,000,011$952,258$938,293$1,040,003
51$1,045,991$942,897$913,704$1,059,327
52$1,094,896$931,313$886,527$1,074,493
53$1,146,969$917,342$856,620$1,089,853
54$1,202,476$900,807$823,832$1,105,448
55$1,261,708$881,526$788,010$1,121,329
56$1,324,984$859,303$748,990$1,137,554
57$1,392,653$833,930$706,602$1,154,190
58$1,465,099$805,188$660,669$1,171,319
59$1,542,742$772,845$611,004$1,189,030
60$1,626,043$736,655$557,414$1,207,432
61$1,715,508$696,360$499,696$1,226,645
62$1,811,692$651,683$437,638$1,246,810
63$1,915,205$602,336$371,019$1,268,087
64$2,026,715$548,010$299,607$1,290,657
65$2,146,959$488,381$223,163$1,314,728
66$2,276,743$423,106$141,433$1,340,535
67$2,416,955$351,823$54,156$1,368,345
68$2,568,570$274,148$0$1,398,458
69$2,732,661$189,678$0$1,439,535
70$2,910,405$97,984$0$1,496,513
71$3,103,097$0$0$1,558,318
72$3,312,163$0$0$1,626,020
73$3,539,168$0$0$1,739,425
74$3,785,837$0$0$1,862,745
75$4,054,065$0$0$1,996,939
76$4,345,938$0$0$2,143,063
77$4,663,750$0$0$2,302,279
78$5,010,026$0$0$2,475,865
79$5,387,545$0$0$2,665,227
80$5,799,366$0$0$2,871,913
81$6,248,855$0$0$3,097,629
82$6,739,717$0$0$3,344,251
83$7,276,032$0$0$3,613,844
84$7,862,290$0$0$3,908,682
85$8,503,436$0$0$4,231,271
86$9,204,913$0$0$4,584,366
87$9,972,716$0$0$4,971,004
88$10,813,445$0$0$5,394,529
89$11,734,369$0$0$5,858,623
90$12,743,493$0$0$6,367,340
91$13,849,633$0$0$6,925,148
92$15,062,497$0$0$7,536,964
93$16,392,780$0$0$8,208,208
94$17,852,259$0$0$8,944,846
95$19,453,909$0$0$9,753,453
96$21,212,020$0$0$10,641,269
97$23,142,334$0$0$11,616,270
98$25,262,190$0$0$12,687,244
99$27,590,691$0$0$13,863,870
100$30,148,879$0$0$15,156,811