Can I retire at age 50 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$74,569$73,905$73,257$72,624$72,006$71,166
2 years$36,915$36,228$35,561$34,915$34,289$33,443
3 years$24,366$23,675$23,011$22,371$21,754$20,929
4 years$18,092$17,404$16,746$16,117$15,515$14,717
5 years$14,329$13,645$12,995$12,379$11,794$11,026
6 years$11,821$11,142$10,502$9,900$9,333$8,594
7 years$10,030$9,357$8,727$8,139$7,590$6,882
8 years$8,688$8,021$7,402$6,828$6,297$5,619
9 years$7,644$6,983$6,375$5,816$5,303$4,656
10 years$6,810$6,156$5,558$5,013$4,518$3,901
11 years$6,128$5,480$4,893$4,363$3,886$3,298
12 years$5,560$4,919$4,342$3,827$3,367$2,809
13 years$5,080$4,445$3,880$3,379$2,936$2,406
14 years$4,668$4,040$3,486$2,999$2,574$2,071
15 years$4,312$3,691$3,147$2,675$2,266$1,790
16 years$4,001$3,386$2,854$2,395$2,003$1,552
17 years$3,726$3,119$2,597$2,152$1,776$1,350
18 years$3,483$2,882$2,370$1,939$1,579$1,177
19 years$3,265$2,671$2,170$1,752$1,408$1,028
20 years$3,069$2,482$1,991$1,587$1,257$900
21 years$2,892$2,312$1,832$1,440$1,125$789
22 years$2,732$2,158$1,688$1,310$1,008$693
23 years$2,585$2,018$1,559$1,193$905$609
24 years$2,451$1,891$1,442$1,088$814$536
25 years$2,328$1,775$1,335$993$732$472
26 years$2,215$1,668$1,238$908$660$416
27 years$2,110$1,570$1,150$831$595$367
28 years$2,013$1,479$1,069$762$537$324
29 years$1,922$1,395$995$699$484$286
30 years$1,838$1,318$927$641$438$252
31 years$1,760$1,246$864$589$396$223
32 years$1,686$1,179$806$541$358$197
33 years$1,617$1,116$753$498$324$174
34 years$1,552$1,058$703$458$293$154
35 years$1,492$1,003$657$421$266$136
36 years$1,434$952$615$388$241$121
37 years$1,380$905$576$358$218$107
38 years$1,329$860$539$330$198$95
39 years$1,280$817$505$304$179$84
40 years$1,235$778$473$280$163$74
41 years$1,191$740$444$259$148$66
42 years$1,150$705$416$239$134$58
43 years$1,110$672$391$220$122$52
44 years$1,073$640$367$203$110$46
45 years$1,037$611$344$188$100$41
46 years$1,003$583$323$174$91$36
47 years$971$556$304$160$83$32
48 years$940$531$286$148$75$28
49 years$910$507$268$137$68$25
50 years$882$484$252$127$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $903,000, adding $3,092 every year, while hoping to spend $56,781 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: 59/29/12 Blend
49$903,000$903,000$903,000$903,000
50$998,295$950,436$936,440$1,054,091
51$1,039,707$936,593$907,396$1,078,190
52$1,083,439$920,169$875,476$1,097,818
53$1,129,670$900,976$840,524$1,117,857
54$1,178,591$878,819$802,376$1,138,351
55$1,230,413$853,487$760,862$1,159,354
56$1,285,366$824,759$715,802$1,180,925
57$1,343,703$792,402$667,011$1,203,134
58$1,405,698$756,166$614,293$1,226,060
59$1,471,651$715,791$557,444$1,249,794
60$1,541,893$670,998$496,252$1,274,440
61$1,616,784$621,495$430,494$1,300,115
62$1,696,719$566,971$359,938$1,326,953
63$1,782,130$507,098$284,342$1,355,107
64$1,873,492$441,531$203,452$1,384,747
65$1,971,325$369,902$117,005$1,416,068
66$2,076,199$291,827$24,723$1,449,289
67$2,188,740$206,895$0$1,484,657
68$2,309,634$114,675$0$1,531,895
69$2,439,635$14,713$0$1,585,862
70$2,579,571$0$0$1,643,782
71$2,730,349$0$0$1,735,920
72$2,892,968$0$0$1,840,414
73$3,068,524$0$0$1,953,280
74$3,258,222$0$0$2,075,301
75$3,463,385$0$0$2,207,335
76$3,685,469$0$0$2,350,328
77$3,926,073$0$0$2,505,319
78$4,186,957$0$0$2,673,449
79$4,470,054$0$0$2,855,975
80$4,777,492$0$0$3,054,278
81$5,111,610$0$0$3,269,879
82$5,474,983$0$0$3,504,449
83$5,870,443$0$0$3,759,828
84$6,301,105$0$0$4,038,040
85$6,770,400$0$0$4,341,313
86$7,282,099$0$0$4,672,099
87$7,840,357$0$0$5,033,096
88$8,449,746$0$0$5,427,275
89$9,115,296$0$0$5,857,905
90$9,842,549$0$0$6,328,587
91$10,637,602$0$0$6,843,283
92$11,507,171$0$0$7,406,358
93$12,458,648$0$0$8,022,615
94$13,500,175$0$0$8,697,346
95$14,640,717$0$0$9,436,377
96$15,890,145$0$0$10,246,124
97$17,259,331$0$0$11,133,654
98$18,760,248$0$0$12,106,747
99$20,406,083$0$0$13,173,977
100$22,211,360$0$0$14,344,782