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%16.6%
1 years$74,569$73,905$73,257$72,624$72,006$70,067
2 years$36,915$36,228$35,561$34,915$34,289$32,348
3 years$24,366$23,675$23,011$22,371$21,754$19,874
4 years$18,092$17,404$16,746$16,117$15,515$13,710
5 years$14,329$13,645$12,995$12,379$11,794$10,068
6 years$11,821$11,142$10,502$9,900$9,333$7,687
7 years$10,030$9,357$8,727$8,139$7,590$6,026
8 years$8,688$8,021$7,402$6,828$6,297$4,813
9 years$7,644$6,983$6,375$5,816$5,303$3,898
10 years$6,810$6,156$5,558$5,013$4,518$3,191
11 years$6,128$5,480$4,893$4,363$3,886$2,634
12 years$5,560$4,919$4,342$3,827$3,367$2,188
13 years$5,080$4,445$3,880$3,379$2,936$1,828
14 years$4,668$4,040$3,486$2,999$2,574$1,533
15 years$4,312$3,691$3,147$2,675$2,266$1,291
16 years$4,001$3,386$2,854$2,395$2,003$1,090
17 years$3,726$3,119$2,597$2,152$1,776$922
18 years$3,483$2,882$2,370$1,939$1,579$782
19 years$3,265$2,671$2,170$1,752$1,408$664
20 years$3,069$2,482$1,991$1,587$1,257$565
21 years$2,892$2,312$1,832$1,440$1,125$481
22 years$2,732$2,158$1,688$1,310$1,008$411
23 years$2,585$2,018$1,559$1,193$905$350
24 years$2,451$1,891$1,442$1,088$814$299
25 years$2,328$1,775$1,335$993$732$256
26 years$2,215$1,668$1,238$908$660$219
27 years$2,110$1,570$1,150$831$595$187
28 years$2,013$1,479$1,069$762$537$160
29 years$1,922$1,395$995$699$484$137
30 years$1,838$1,318$927$641$438$117
31 years$1,760$1,246$864$589$396$100
32 years$1,686$1,179$806$541$358$86
33 years$1,617$1,116$753$498$324$74
34 years$1,552$1,058$703$458$293$63
35 years$1,492$1,003$657$421$266$54
36 years$1,434$952$615$388$241$46
37 years$1,380$905$576$358$218$40
38 years$1,329$860$539$330$198$34
39 years$1,280$817$505$304$179$29
40 years$1,235$778$473$280$163$25
41 years$1,191$740$444$259$148$21
42 years$1,150$705$416$239$134$18
43 years$1,110$672$391$220$122$16
44 years$1,073$640$367$203$110$14
45 years$1,037$611$344$188$100$12
46 years$1,003$583$323$174$91$10
47 years$971$556$304$160$83$9
48 years$940$531$286$148$75$7
49 years$910$507$268$137$68$6
50 years$882$484$252$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $903,000, adding $6,255 every year, while hoping to spend $24,918 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: 66/6/28 Blend
49$903,000$903,000$903,000$903,000
50$1,001,558$953,699$939,703$1,059,896
51$1,077,204$973,918$944,670$1,120,251
52$1,159,732$994,292$948,969$1,182,867
53$1,249,815$1,014,803$952,550$1,250,783
54$1,348,198$1,035,431$955,363$1,324,522
55$1,455,700$1,056,153$957,353$1,404,663
56$1,573,222$1,076,944$958,465$1,491,845
57$1,701,756$1,097,779$958,638$1,586,769
58$1,842,394$1,118,630$957,812$1,690,211
59$1,996,339$1,139,464$955,920$1,803,025
60$2,164,917$1,160,249$952,894$1,926,153
61$2,349,585$1,180,948$948,663$2,060,633
62$2,551,951$1,201,523$943,151$2,207,608
63$2,773,784$1,221,931$936,281$2,368,341
64$3,017,032$1,242,127$927,968$2,544,222
65$3,283,841$1,262,063$918,127$2,736,784
66$3,576,575$1,281,687$906,667$2,947,718
67$3,897,839$1,300,943$893,493$3,178,885
68$4,250,500$1,319,770$878,506$3,432,339
69$4,637,717$1,338,105$861,602$3,710,345
70$5,062,971$1,355,879$842,673$4,015,398
71$5,530,095$1,373,018$821,603$4,350,248
72$6,043,313$1,389,444$798,275$4,717,929
73$6,607,277$1,405,074$772,564$5,121,782
74$7,227,114$1,419,816$744,339$5,565,494
75$7,908,469$1,433,577$713,464$6,053,124
76$8,657,565$1,446,254$679,797$6,589,152
77$9,481,255$1,457,739$643,189$7,178,512
78$10,387,091$1,467,916$603,483$7,826,644
79$11,383,393$1,476,663$560,519$8,539,545
80$12,479,327$1,483,848$514,124$9,323,825
81$13,684,994$1,489,331$464,123$10,186,770
82$15,011,521$1,492,966$410,329$11,136,410
83$16,471,170$1,494,595$352,548$12,181,598
84$18,077,449$1,494,051$290,579$13,332,089
85$19,845,245$1,491,156$224,210$14,598,640
86$21,790,959$1,485,721$153,220$15,993,103
87$23,932,664$1,477,548$77,379$17,528,542
88$26,290,271$1,466,424$0$19,219,360
89$28,885,723$1,452,123$0$21,082,491
90$31,743,198$1,434,408$0$23,159,105
91$34,889,335$1,413,025$0$25,445,420
92$38,353,491$1,387,707$0$27,962,771
93$42,168,012$1,358,170$0$30,734,665
94$46,368,543$1,324,113$0$33,787,007
95$50,994,358$1,285,218$0$37,148,342
96$56,088,737$1,241,149$0$40,850,127
97$61,699,371$1,191,548$0$44,927,024
98$67,878,812$1,136,039$0$49,417,231
99$74,684,968$1,074,222$0$54,362,841
100$82,181,651$1,005,675$0$59,810,238