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%18.5%
1 years$74,651$73,987$73,338$72,705$72,086$69,612
2 years$36,956$36,268$35,601$34,954$34,327$31,859
3 years$24,393$23,701$23,036$22,395$21,778$19,395
4 years$18,112$17,423$16,764$16,135$15,532$13,251
5 years$14,345$13,660$13,010$12,393$11,808$9,635
6 years$11,834$11,154$10,514$9,911$9,343$7,280
7 years$10,042$9,367$8,737$8,148$7,598$5,645
8 years$8,698$8,030$7,410$6,835$6,304$4,459
9 years$7,653$6,991$6,382$5,822$5,308$3,570
10 years$6,818$6,162$5,564$5,019$4,523$2,888
11 years$6,135$5,486$4,898$4,368$3,890$2,354
12 years$5,566$4,924$4,347$3,831$3,371$1,932
13 years$5,085$4,450$3,884$3,382$2,940$1,593
14 years$4,673$4,045$3,490$3,002$2,577$1,319
15 years$4,317$3,695$3,151$2,678$2,269$1,095
16 years$4,005$3,390$2,857$2,398$2,005$912
17 years$3,730$3,122$2,599$2,154$1,778$761
18 years$3,486$2,885$2,373$1,941$1,581$637
19 years$3,268$2,674$2,172$1,754$1,409$533
20 years$3,072$2,485$1,994$1,589$1,259$447
21 years$2,895$2,314$1,834$1,442$1,126$375
22 years$2,735$2,160$1,690$1,311$1,010$315
23 years$2,588$2,021$1,561$1,194$906$265
24 years$2,454$1,893$1,443$1,089$815$223
25 years$2,331$1,777$1,337$995$733$188
26 years$2,217$1,670$1,240$909$660$158
27 years$2,112$1,571$1,151$832$595$133
28 years$2,015$1,481$1,070$763$537$112
29 years$1,924$1,397$996$699$485$94
30 years$1,840$1,319$928$642$438$80
31 years$1,762$1,247$865$589$396$67
32 years$1,688$1,180$807$542$358$57
33 years$1,619$1,117$753$498$324$48
34 years$1,554$1,059$704$458$294$40
35 years$1,493$1,005$658$422$266$34
36 years$1,436$953$616$389$241$29
37 years$1,382$906$576$358$218$24
38 years$1,330$861$540$330$198$20
39 years$1,282$818$506$304$180$17
40 years$1,236$779$474$281$163$15
41 years$1,192$741$444$259$148$12
42 years$1,151$706$417$239$134$10
43 years$1,112$673$391$221$122$9
44 years$1,074$641$367$204$110$7
45 years$1,038$611$345$188$100$6
46 years$1,004$583$324$174$91$5
47 years$972$557$304$161$83$4
48 years$941$531$286$148$75$4
49 years$911$507$269$137$68$3
50 years$883$485$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $904,000, adding $4,979 every year, while hoping to spend $30,470 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: 85/7/8 Blend
49$904,000$904,000$904,000$904,000
50$1,001,344$953,432$939,420$1,085,164
51$1,071,061$967,730$938,471$1,154,925
52$1,146,868$981,708$936,468$1,226,889
53$1,229,354$995,317$933,345$1,304,993
54$1,319,167$1,008,507$929,032$1,389,833
55$1,417,021$1,021,222$923,452$1,482,069
56$1,523,699$1,033,403$916,530$1,582,424
57$1,640,066$1,044,990$908,183$1,691,696
58$1,767,072$1,055,914$898,327$1,810,764
59$1,905,764$1,066,104$886,871$1,940,596
60$2,057,293$1,075,485$873,723$2,082,257
61$2,222,929$1,083,975$858,785$2,236,921
62$2,404,067$1,091,489$841,953$2,405,883
63$2,602,245$1,097,935$823,121$2,590,565
64$2,819,155$1,103,215$802,177$2,792,538
65$3,056,661$1,107,225$779,003$3,013,531
66$3,316,817$1,109,856$753,476$3,255,448
67$3,601,882$1,110,989$725,467$3,520,387
68$3,914,347$1,110,500$694,843$3,810,660
69$4,256,953$1,108,257$661,463$4,128,815
70$4,632,720$1,104,120$625,180$4,477,658
71$5,044,974$1,097,938$585,840$4,860,281
72$5,497,380$1,089,555$543,284$5,280,092
73$5,993,972$1,078,803$497,343$5,740,843
74$6,539,196$1,065,503$447,843$6,246,673
75$7,137,948$1,049,467$394,600$6,802,138
76$7,795,624$1,030,496$337,425$7,412,262
77$8,518,165$1,008,378$276,116$8,082,579
78$9,312,119$982,889$210,466$8,819,188
79$10,184,696$953,791$140,258$9,628,808
80$11,143,842$920,834$65,263$10,518,846
81$12,198,311$883,752$0$11,497,461
82$13,357,746$842,264$0$12,574,907
83$14,632,773$796,071$0$13,765,860
84$16,035,097$744,860$0$15,075,684
85$17,577,616$688,298$0$16,516,438
86$19,274,542$626,033$0$18,101,405
87$21,141,529$557,693$0$19,845,225
88$23,195,831$482,885$0$21,764,027
89$25,456,454$401,195$0$23,875,587
90$27,944,342$312,183$0$26,199,489
91$30,682,571$215,387$0$28,757,316
92$33,696,569$110,316$0$31,572,848
93$37,014,352$0$0$34,672,292
94$40,666,793$0$0$38,084,797
95$44,687,907$0$0$41,851,130
96$49,115,178$0$0$45,997,901
97$53,989,906$0$0$50,563,799
98$59,357,605$0$0$55,591,452
99$65,268,421$0$0$61,127,836
100$71,777,615$0$0$67,224,712