Can I retire at age 50 with 905,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$74,734$74,068$73,419$72,785$72,166$69,828
2 years$36,997$36,308$35,640$34,993$34,365$32,031
3 years$24,420$23,728$23,062$22,420$21,802$19,547
4 years$18,132$17,442$16,783$16,152$15,550$13,389
5 years$14,361$13,675$13,024$12,407$11,821$9,760
6 years$11,847$11,167$10,526$9,922$9,353$7,395
7 years$10,053$9,378$8,747$8,157$7,607$5,751
8 years$8,707$8,038$7,418$6,843$6,310$4,556
9 years$7,661$6,999$6,389$5,829$5,314$3,659
10 years$6,825$6,169$5,570$5,024$4,528$2,969
11 years$6,141$5,492$4,904$4,373$3,894$2,428
12 years$5,572$4,929$4,352$3,835$3,375$1,999
13 years$5,091$4,455$3,888$3,386$2,943$1,654
14 years$4,678$4,049$3,494$3,006$2,580$1,374
15 years$4,322$3,699$3,154$2,681$2,271$1,145
16 years$4,009$3,394$2,860$2,400$2,007$957
17 years$3,734$3,126$2,602$2,157$1,780$802
18 years$3,490$2,888$2,376$1,944$1,583$673
19 years$3,272$2,677$2,175$1,756$1,411$566
20 years$3,076$2,487$1,996$1,591$1,260$476
21 years$2,899$2,317$1,836$1,443$1,128$401
22 years$2,738$2,163$1,692$1,312$1,011$338
23 years$2,591$2,023$1,562$1,195$907$286
24 years$2,457$1,895$1,445$1,090$815$241
25 years$2,333$1,779$1,338$996$734$204
26 years$2,220$1,672$1,241$910$661$172
27 years$2,114$1,573$1,152$833$596$146
28 years$2,017$1,482$1,071$763$538$123
29 years$1,927$1,398$997$700$486$104
30 years$1,842$1,321$929$643$439$88
31 years$1,763$1,248$866$590$397$75
32 years$1,690$1,181$808$542$359$63
33 years$1,621$1,119$754$499$325$54
34 years$1,556$1,060$705$459$294$45
35 years$1,495$1,006$659$422$266$38
36 years$1,437$955$616$389$241$33
37 years$1,383$907$577$358$219$28
38 years$1,332$862$540$330$198$23
39 years$1,283$819$506$305$180$20
40 years$1,237$779$474$281$163$17
41 years$1,194$742$445$259$148$14
42 years$1,152$707$417$239$134$12
43 years$1,113$673$392$221$122$10
44 years$1,075$642$368$204$111$9
45 years$1,040$612$345$188$100$7
46 years$1,005$584$324$174$91$6
47 years$973$557$305$161$83$5
48 years$942$532$286$149$75$4
49 years$912$508$269$137$68$4
50 years$884$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 $905,000, adding $2,572 every year, while hoping to spend $48,262 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: 64/25/11 Blend
49$905,000$905,000$905,000$905,000
50$999,963$951,998$937,971$1,061,333
51$1,050,609$947,296$918,042$1,097,940
52$1,104,803$940,745$895,829$1,132,050
53$1,162,857$932,205$871,202$1,168,090
54$1,225,110$921,526$844,030$1,206,247
55$1,291,939$908,548$814,173$1,246,726
56$1,363,753$893,103$781,483$1,289,757
57$1,441,003$875,012$745,810$1,335,593
58$1,524,184$854,086$706,994$1,384,517
59$1,613,840$830,126$664,867$1,436,840
60$1,710,568$802,918$619,256$1,492,908
61$1,815,023$772,239$569,979$1,553,104
62$1,927,928$737,851$516,846$1,617,854
63$2,050,073$699,502$459,657$1,687,627
64$2,182,331$656,928$398,205$1,762,945
65$2,325,658$609,846$332,274$1,844,385
66$2,481,107$557,961$261,638$1,932,585
67$2,649,836$500,958$186,059$2,028,255
68$2,833,119$438,504$105,292$2,132,176
69$3,032,357$370,250$19,078$2,245,216
70$3,249,089$295,825$0$2,368,334
71$3,485,013$214,837$0$2,511,151
72$3,741,993$126,872$0$2,669,227
73$4,022,083$31,495$0$2,841,655
74$4,327,541$0$0$3,029,908
75$4,660,855$0$0$3,255,350
76$5,024,763$0$0$3,511,003
77$5,422,276$0$0$3,790,327
78$5,856,713$0$0$4,095,659
79$6,331,726$0$0$4,429,574
80$6,851,335$0$0$4,794,908
81$7,419,969$0$0$5,194,782
82$8,042,501$0$0$5,632,633
83$8,724,301$0$0$6,112,246
84$9,471,281$0$0$6,637,790
85$10,289,952$0$0$7,213,856
86$11,187,484$0$0$7,845,499
87$12,171,775$0$0$8,538,288
88$13,251,523$0$0$9,298,357
89$14,436,310$0$0$10,132,461
90$15,736,689$0$0$11,048,043
91$17,164,284$0$0$12,053,300
92$18,731,901$0$0$13,157,260
93$20,453,647$0$0$14,369,873
94$22,345,060$0$0$15,702,095
95$24,423,258$0$0$17,165,998
96$26,707,102$0$0$18,774,881
97$29,217,367$0$0$20,543,396
98$31,976,943$0$0$22,487,684
99$35,011,046$0$0$24,625,528
100$38,347,460$0$0$26,976,522