Can I retire at age 50 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$74,651$73,987$73,338$72,705$72,086$70,892
2 years$36,956$36,268$35,601$34,954$34,327$33,127
3 years$24,393$23,701$23,036$22,395$21,778$20,611
4 years$18,112$17,423$16,764$16,135$15,532$14,406
5 years$14,345$13,660$13,010$12,393$11,808$10,725
6 years$11,834$11,154$10,514$9,911$9,343$8,306
7 years$10,042$9,367$8,737$8,148$7,598$6,607
8 years$8,698$8,030$7,410$6,835$6,304$5,357
9 years$7,653$6,991$6,382$5,822$5,308$4,407
10 years$6,818$6,162$5,564$5,019$4,523$3,666
11 years$6,135$5,486$4,898$4,368$3,890$3,076
12 years$5,566$4,924$4,347$3,831$3,371$2,600
13 years$5,085$4,450$3,884$3,382$2,940$2,209
14 years$4,673$4,045$3,490$3,002$2,577$1,886
15 years$4,317$3,695$3,151$2,678$2,269$1,617
16 years$4,005$3,390$2,857$2,398$2,005$1,391
17 years$3,730$3,122$2,599$2,154$1,778$1,199
18 years$3,486$2,885$2,373$1,941$1,581$1,037
19 years$3,268$2,674$2,172$1,754$1,409$898
20 years$3,072$2,485$1,994$1,589$1,259$779
21 years$2,895$2,314$1,834$1,442$1,126$677
22 years$2,735$2,160$1,690$1,311$1,010$589
23 years$2,588$2,021$1,561$1,194$906$513
24 years$2,454$1,893$1,443$1,089$815$447
25 years$2,331$1,777$1,337$995$733$390
26 years$2,217$1,670$1,240$909$660$340
27 years$2,112$1,571$1,151$832$595$297
28 years$2,015$1,481$1,070$763$537$260
29 years$1,924$1,397$996$699$485$227
30 years$1,840$1,319$928$642$438$199
31 years$1,762$1,247$865$589$396$174
32 years$1,688$1,180$807$542$358$152
33 years$1,619$1,117$753$498$324$133
34 years$1,554$1,059$704$458$294$117
35 years$1,493$1,005$658$422$266$102
36 years$1,436$953$616$389$241$90
37 years$1,382$906$576$358$218$78
38 years$1,330$861$540$330$198$69
39 years$1,282$818$506$304$180$60
40 years$1,236$779$474$281$163$53
41 years$1,192$741$444$259$148$46
42 years$1,151$706$417$239$134$41
43 years$1,112$673$391$221$122$36
44 years$1,074$641$367$204$110$31
45 years$1,038$611$345$188$100$27
46 years$1,004$583$324$174$91$24
47 years$972$557$304$161$83$21
48 years$941$531$286$148$75$18
49 years$911$507$269$137$68$16
50 years$883$485$253$127$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $904,000, adding $4,460 every year, while hoping to spend $37,317 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: 65/14/21 Blend
49$904,000$904,000$904,000$904,000
50$1,000,808$952,896$938,884$1,060,223
51$1,063,186$959,883$930,632$1,107,692
52$1,130,675$965,962$920,853$1,154,906
53$1,203,758$971,048$909,455$1,205,632
54$1,282,965$975,053$896,346$1,260,217
55$1,368,878$977,882$881,424$1,319,044
56$1,462,139$979,433$864,586$1,382,533
57$1,563,451$979,599$845,725$1,451,151
58$1,673,591$978,267$824,724$1,525,412
59$1,793,411$975,316$801,466$1,605,883
60$1,923,850$970,618$775,826$1,693,190
61$2,065,941$964,036$747,674$1,788,025
62$2,220,819$955,426$716,873$1,891,152
63$2,389,735$944,634$683,282$2,003,412
64$2,574,066$931,500$646,750$2,125,737
65$2,775,328$915,850$607,122$2,259,151
66$2,995,187$897,502$564,237$2,404,789
67$3,235,480$876,264$517,923$2,563,900
68$3,498,229$851,931$468,003$2,737,864
69$3,785,659$824,286$414,292$2,928,203
70$4,100,222$793,101$356,596$3,136,597
71$4,444,615$758,134$294,713$3,364,901
72$4,821,810$719,127$228,430$3,615,159
73$5,235,081$675,811$157,529$3,889,627
74$5,688,031$627,897$81,778$4,190,796
75$6,184,629$575,083$936$4,521,413
76$6,729,248$517,048$0$4,884,506
77$7,326,702$453,454$0$5,302,542
78$7,982,295$383,943$0$5,761,551
79$8,701,869$308,136$0$6,265,453
80$9,491,858$225,634$0$6,818,799
81$10,359,353$136,015$0$7,426,603
82$11,312,160$38,833$0$8,094,393
83$12,358,883$0$0$8,828,261
84$13,508,998$0$0$9,645,148
85$14,772,943$0$0$10,549,525
86$16,162,221$0$0$11,543,646
87$17,689,502$0$0$12,636,587
88$19,368,746$0$0$13,838,346
89$21,215,332$0$0$15,159,938
90$23,246,206$0$0$16,613,500
91$25,480,037$0$0$18,212,403
92$27,937,394$0$0$19,971,381
93$30,640,941$0$0$21,906,667
94$33,615,648$0$0$24,036,144
95$36,889,030$0$0$26,379,521
96$40,491,401$0$0$28,958,511
97$44,456,164$0$0$31,797,038
98$48,820,124$0$0$34,921,465
99$53,623,835$0$0$38,360,839
100$58,911,983$0$0$42,147,166