Can I retire at age 50 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$74,734$74,068$73,419$72,785$72,166$70,137
2 years$36,997$36,308$35,640$34,993$34,365$32,336
3 years$24,420$23,728$23,062$22,420$21,802$19,838
4 years$18,132$17,442$16,783$16,152$15,550$13,664
5 years$14,361$13,675$13,024$12,407$11,821$10,019
6 years$11,847$11,167$10,526$9,922$9,353$7,637
7 years$10,053$9,378$8,747$8,157$7,607$5,976
8 years$8,707$8,038$7,418$6,843$6,310$4,765
9 years$7,661$6,999$6,389$5,829$5,314$3,852
10 years$6,825$6,169$5,570$5,024$4,528$3,147
11 years$6,141$5,492$4,904$4,373$3,894$2,593
12 years$5,572$4,929$4,352$3,835$3,375$2,150
13 years$5,091$4,455$3,888$3,386$2,943$1,792
14 years$4,678$4,049$3,494$3,006$2,580$1,500
15 years$4,322$3,699$3,154$2,681$2,271$1,260
16 years$4,009$3,394$2,860$2,400$2,007$1,062
17 years$3,734$3,126$2,602$2,157$1,780$897
18 years$3,490$2,888$2,376$1,944$1,583$759
19 years$3,272$2,677$2,175$1,756$1,411$643
20 years$3,076$2,487$1,996$1,591$1,260$546
21 years$2,899$2,317$1,836$1,443$1,128$464
22 years$2,738$2,163$1,692$1,312$1,011$395
23 years$2,591$2,023$1,562$1,195$907$336
24 years$2,457$1,895$1,445$1,090$815$286
25 years$2,333$1,779$1,338$996$734$244
26 years$2,220$1,672$1,241$910$661$208
27 years$2,114$1,573$1,152$833$596$178
28 years$2,017$1,482$1,071$763$538$152
29 years$1,927$1,398$997$700$486$129
30 years$1,842$1,321$929$643$439$111
31 years$1,763$1,248$866$590$397$94
32 years$1,690$1,181$808$542$359$81
33 years$1,621$1,119$754$499$325$69
34 years$1,556$1,060$705$459$294$59
35 years$1,495$1,006$659$422$266$50
36 years$1,437$955$616$389$241$43
37 years$1,383$907$577$358$219$37
38 years$1,332$862$540$330$198$31
39 years$1,283$819$506$305$180$27
40 years$1,237$779$474$281$163$23
41 years$1,194$742$445$259$148$20
42 years$1,152$707$417$239$134$17
43 years$1,113$673$392$221$122$14
44 years$1,075$642$368$204$111$12
45 years$1,040$612$345$188$100$11
46 years$1,005$584$324$174$91$9
47 years$973$557$305$161$83$8
48 years$942$532$286$149$75$7
49 years$912$508$269$137$68$6
50 years$884$485$253$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $905,000, adding $5,461 every year, while hoping to spend $56,834 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: 73/17/10 Blend
49$905,000$905,000$905,000$905,000
50$1,002,943$954,978$940,951$1,073,891
51$1,044,772$941,301$912,001$1,107,804
52$1,088,963$925,049$880,178$1,137,331
53$1,135,697$906,036$845,323$1,168,103
54$1,185,171$884,064$807,274$1,200,226
55$1,237,600$858,925$765,860$1,233,821
56$1,293,221$830,398$720,902$1,269,017
57$1,352,291$798,249$672,213$1,305,963
58$1,415,092$762,230$619,599$1,344,821
59$1,481,931$722,080$562,856$1,385,770
60$1,553,147$677,521$501,771$1,429,011
61$1,629,109$628,260$436,121$1,474,767
62$1,710,221$573,988$365,674$1,523,283
63$1,796,928$514,378$290,188$1,574,834
64$1,889,715$449,083$209,410$1,629,723
65$1,989,115$377,737$123,075$1,688,287
66$2,095,714$299,956$30,907$1,750,898
67$2,210,153$215,329$0$1,817,971
68$2,333,136$123,428$0$1,897,162
69$2,465,436$23,796$0$1,985,769
70$2,607,901$0$0$2,081,088
71$2,761,465$0$0$2,199,501
72$2,927,149$0$0$2,332,095
73$3,106,080$0$0$2,475,323
74$3,299,494$0$0$2,630,180
75$3,508,748$0$0$2,797,756
76$3,735,337$0$0$2,979,254
77$3,980,901$0$0$3,175,992
78$4,247,247$0$0$3,389,422
79$4,536,359$0$0$3,621,140
80$4,850,421$0$0$3,872,903
81$5,191,835$0$0$4,146,642
82$5,563,244$0$0$4,444,481
83$5,967,554$0$0$4,768,758
84$6,407,965$0$0$5,122,046
85$6,887,997$0$0$5,507,176
86$7,411,524$0$0$5,927,264
87$7,982,812$0$0$6,385,739
88$8,606,553$0$0$6,886,376
89$9,287,914$0$0$7,433,331
90$10,032,585$0$0$8,031,178
91$10,846,827$0$0$8,684,955
92$11,737,536$0$0$9,400,206
93$12,712,303$0$0$10,183,039
94$13,779,489$0$0$11,040,177
95$14,948,300$0$0$11,979,025
96$16,228,873$0$0$13,007,738
97$17,632,374$0$0$14,135,294
98$19,171,100$0$0$15,371,586
99$20,858,592$0$0$16,727,506
100$22,709,768$0$0$18,215,052