Can I retire at age 50 with 902,000?

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 $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%15.5%
1 years$74,486$73,823$73,176$72,544$71,927$70,302
2 years$36,874$36,188$35,522$34,877$34,251$32,623
3 years$24,339$23,649$22,985$22,346$21,730$20,150
4 years$18,072$17,385$16,727$16,099$15,498$13,977
5 years$14,313$13,630$12,981$12,366$11,781$10,324
6 years$11,808$11,130$10,491$9,889$9,322$7,930
7 years$10,019$9,347$8,718$8,130$7,581$6,255
8 years$8,678$8,012$7,393$6,820$6,290$5,028
9 years$7,636$6,976$6,368$5,809$5,297$4,100
10 years$6,803$6,149$5,552$5,008$4,513$3,379
11 years$6,121$5,474$4,888$4,358$3,881$2,809
12 years$5,554$4,913$4,338$3,823$3,364$2,350
13 years$5,074$4,440$3,875$3,375$2,933$1,978
14 years$4,663$4,036$3,482$2,996$2,571$1,672
15 years$4,307$3,687$3,144$2,672$2,264$1,418
16 years$3,996$3,383$2,850$2,392$2,001$1,207
17 years$3,722$3,115$2,594$2,149$1,774$1,029
18 years$3,479$2,879$2,368$1,937$1,577$880
19 years$3,261$2,668$2,168$1,750$1,406$754
20 years$3,066$2,479$1,989$1,585$1,256$647
21 years$2,889$2,309$1,830$1,439$1,124$555
22 years$2,729$2,156$1,686$1,308$1,007$478
23 years$2,582$2,016$1,557$1,191$904$411
24 years$2,448$1,889$1,440$1,087$813$354
25 years$2,325$1,773$1,334$992$731$305
26 years$2,212$1,666$1,237$907$659$263
27 years$2,107$1,568$1,149$830$594$227
28 years$2,010$1,477$1,068$761$536$196
29 years$1,920$1,394$994$698$484$169
30 years$1,836$1,316$926$640$437$146
31 years$1,758$1,244$863$588$395$127
32 years$1,684$1,177$805$541$358$109
33 years$1,615$1,115$752$497$324$95
34 years$1,551$1,057$702$457$293$82
35 years$1,490$1,002$657$421$265$71
36 years$1,433$951$614$388$240$61
37 years$1,379$904$575$357$218$53
38 years$1,327$859$538$329$198$46
39 years$1,279$817$504$304$179$40
40 years$1,233$777$473$280$163$34
41 years$1,190$740$443$258$147$30
42 years$1,148$704$416$238$134$26
43 years$1,109$671$390$220$121$22
44 years$1,072$640$366$203$110$19
45 years$1,036$610$344$188$100$17
46 years$1,002$582$323$173$91$14
47 years$970$555$304$160$82$12
48 years$939$530$285$148$75$11
49 years$909$506$268$137$68$9
50 years$881$484$252$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $902,000, adding $4,228 every year, while hoping to spend $47,649 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: 77/16/7 Blend
49$902,000$902,000$902,000$902,000
50$998,365$950,559$936,578$1,074,064
51$1,049,500$946,438$917,255$1,120,250
52$1,104,254$940,519$895,688$1,164,299
53$1,162,946$932,662$871,751$1,211,197
54$1,225,924$922,720$845,313$1,261,206
55$1,293,574$910,539$816,237$1,314,617
56$1,366,317$895,954$784,379$1,371,750
57$1,444,614$878,788$749,588$1,432,956
58$1,528,974$858,858$711,709$1,498,623
59$1,619,954$835,967$670,576$1,569,182
60$1,718,168$809,908$626,019$1,645,105
61$1,824,288$780,460$577,857$1,726,913
62$1,939,055$747,392$525,905$1,815,181
63$2,063,281$710,458$469,966$1,910,546
64$2,197,862$669,396$409,836$2,013,707
65$2,343,780$623,933$345,302$2,125,437
66$2,502,117$573,776$276,140$2,246,589
67$2,674,060$518,619$202,118$2,378,103
68$2,860,919$458,136$122,994$2,521,017
69$3,064,132$391,984$38,513$2,676,477
70$3,285,282$319,799$0$2,845,744
71$3,526,110$241,199$0$3,034,072
72$3,788,532$155,777$0$3,242,460
73$4,074,659$63,107$0$3,469,746
74$4,386,812$0$0$3,717,826
75$4,727,545$0$0$3,995,347
76$5,099,670$0$0$4,310,601
77$5,506,285$0$0$4,655,105
78$5,950,798$0$0$5,031,750
79$6,436,962$0$0$5,443,721
80$6,968,909$0$0$5,894,522
81$7,551,188$0$0$6,388,015
82$8,188,811$0$0$6,928,450
83$8,887,294$0$0$7,520,509
84$9,652,715$0$0$8,169,346
85$10,491,764$0$0$8,880,639
86$11,411,812$0$0$9,660,643
87$12,420,976$0$0$10,516,243
88$13,528,197$0$0$11,455,026
89$14,743,324$0$0$12,485,348
90$16,077,205$0$0$13,616,412
91$17,541,788$0$0$14,858,359
92$19,150,237$0$0$16,222,356
93$20,917,052$0$0$17,720,706
94$22,858,207$0$0$19,366,964
95$24,991,300$0$0$21,176,061
96$27,335,717$0$0$23,164,446
97$29,912,817$0$0$25,350,242
98$32,746,130$0$0$27,753,414
99$35,861,581$0$0$30,395,960
100$39,287,731$0$0$33,302,113