Can I retire at age 50 with 902,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$74,486$73,823$73,176$72,544$71,927$69,182
2 years$36,874$36,188$35,522$34,877$34,251$31,518
3 years$24,339$23,649$22,985$22,346$21,730$19,095
4 years$18,072$17,385$16,727$16,099$15,498$12,981
5 years$14,313$13,630$12,981$12,366$11,781$9,389
6 years$11,808$11,130$10,491$9,889$9,322$7,055
7 years$10,019$9,347$8,718$8,130$7,581$5,440
8 years$8,678$8,012$7,393$6,820$6,290$4,271
9 years$7,636$6,976$6,368$5,809$5,297$3,399
10 years$6,803$6,149$5,552$5,008$4,513$2,732
11 years$6,121$5,474$4,888$4,358$3,881$2,213
12 years$5,554$4,913$4,338$3,823$3,364$1,803
13 years$5,074$4,440$3,875$3,375$2,933$1,477
14 years$4,663$4,036$3,482$2,996$2,571$1,214
15 years$4,307$3,687$3,144$2,672$2,264$1,001
16 years$3,996$3,383$2,850$2,392$2,001$828
17 years$3,722$3,115$2,594$2,149$1,774$686
18 years$3,479$2,879$2,368$1,937$1,577$569
19 years$3,261$2,668$2,168$1,750$1,406$473
20 years$3,066$2,479$1,989$1,585$1,256$394
21 years$2,889$2,309$1,830$1,439$1,124$328
22 years$2,729$2,156$1,686$1,308$1,007$273
23 years$2,582$2,016$1,557$1,191$904$228
24 years$2,448$1,889$1,440$1,087$813$190
25 years$2,325$1,773$1,334$992$731$159
26 years$2,212$1,666$1,237$907$659$133
27 years$2,107$1,568$1,149$830$594$111
28 years$2,010$1,477$1,068$761$536$93
29 years$1,920$1,394$994$698$484$77
30 years$1,836$1,316$926$640$437$65
31 years$1,758$1,244$863$588$395$54
32 years$1,684$1,177$805$541$358$45
33 years$1,615$1,115$752$497$324$38
34 years$1,551$1,057$702$457$293$32
35 years$1,490$1,002$657$421$265$26
36 years$1,433$951$614$388$240$22
37 years$1,379$904$575$357$218$19
38 years$1,327$859$538$329$198$16
39 years$1,279$817$504$304$179$13
40 years$1,233$777$473$280$163$11
41 years$1,190$740$443$258$147$9
42 years$1,148$704$416$238$134$8
43 years$1,109$671$390$220$121$6
44 years$1,072$640$366$203$110$5
45 years$1,036$610$344$188$100$4
46 years$1,002$582$323$173$91$4
47 years$970$555$304$160$82$3
48 years$939$530$285$148$75$3
49 years$909$506$268$137$68$2
50 years$881$484$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $902,000, adding $6,585 every year, while hoping to spend $28,125 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: 66/23/11 Blend
49$902,000$902,000$902,000$902,000
50$1,000,796$952,990$939,009$1,064,020
51$1,072,953$969,762$940,541$1,123,742
52$1,151,527$986,413$941,182$1,185,058
53$1,237,143$1,002,908$940,872$1,251,353
54$1,330,489$1,019,207$939,549$1,323,110
55$1,432,321$1,035,271$937,146$1,400,862
56$1,543,473$1,051,055$933,596$1,485,198
57$1,664,863$1,066,512$928,827$1,576,765
58$1,797,498$1,081,590$922,762$1,676,275
59$1,942,491$1,096,237$915,323$1,784,516
60$2,101,066$1,110,392$906,426$1,902,353
61$2,274,568$1,123,996$895,985$2,030,743
62$2,464,483$1,136,980$883,910$2,170,737
63$2,672,443$1,149,275$870,103$2,323,497
64$2,900,247$1,160,805$854,467$2,490,300
65$3,149,877$1,171,489$836,896$2,672,557
66$3,423,514$1,181,241$817,281$2,871,821
67$3,723,560$1,189,970$795,509$3,089,805
68$4,052,664$1,197,578$771,458$3,328,398
69$4,413,738$1,203,963$745,005$3,589,679
70$4,809,995$1,209,012$716,018$3,875,943
71$5,244,971$1,212,610$684,361$4,189,718
72$5,722,562$1,214,632$649,891$4,533,793
73$6,247,058$1,214,944$612,458$4,911,238
74$6,823,189$1,213,407$571,906$5,325,442
75$7,456,161$1,209,871$528,072$5,780,137
76$8,151,712$1,204,178$480,785$6,279,439
77$8,916,163$1,196,158$429,867$6,827,885
78$9,756,476$1,185,635$375,132$7,430,473
79$10,680,324$1,172,417$316,386$8,092,718
80$11,696,157$1,156,306$253,425$8,820,694
81$12,813,289$1,137,089$186,038$9,621,099
82$14,041,977$1,114,539$114,004$10,501,316
83$15,393,527$1,088,420$37,091$11,469,482
84$16,880,391$1,058,477$0$12,534,567
85$18,516,293$1,024,444$0$13,711,740
86$20,316,351$986,038$0$15,011,606
87$22,297,223$942,958$0$16,441,853
88$24,477,266$894,889$0$18,015,754
89$26,876,703$841,495$0$19,747,937
90$29,517,820$782,421$0$21,654,525
91$32,425,171$717,293$0$23,753,287
92$35,625,812$645,715$0$26,063,805
93$39,149,558$567,267$0$28,607,663
94$43,029,257$481,508$0$31,408,646
95$47,301,109$387,969$0$34,492,969
96$52,005,000$286,158$0$37,889,523
97$57,184,882$175,551$0$41,630,149
98$62,889,186$55,600$0$45,749,939
99$69,171,280$0$0$50,287,569
100$76,089,970$0$0$55,304,460