Can I retire at age 50 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$74,817$74,150$73,500$72,865$72,246$69,989
2 years$37,038$36,348$35,680$35,031$34,403$32,149
3 years$24,447$23,754$23,087$22,445$21,826$19,647
4 years$18,152$17,462$16,801$16,170$15,567$13,478
5 years$14,377$13,690$13,039$12,420$11,834$9,841
6 years$11,860$11,179$10,537$9,933$9,364$7,469
7 years$10,064$9,388$8,756$8,166$7,615$5,818
8 years$8,717$8,047$7,426$6,850$6,317$4,617
9 years$7,670$7,007$6,396$5,835$5,320$3,715
10 years$6,833$6,176$5,576$5,030$4,533$3,020
11 years$6,148$5,498$4,909$4,377$3,899$2,475
12 years$5,578$4,935$4,357$3,840$3,378$2,041
13 years$5,096$4,460$3,893$3,390$2,946$1,692
14 years$4,684$4,054$3,497$3,009$2,583$1,409
15 years$4,326$3,703$3,158$2,684$2,274$1,177
16 years$4,014$3,398$2,863$2,403$2,010$986
17 years$3,739$3,129$2,605$2,159$1,782$828
18 years$3,494$2,891$2,378$1,946$1,584$696
19 years$3,276$2,680$2,177$1,758$1,412$587
20 years$3,079$2,490$1,998$1,592$1,261$495
21 years$2,902$2,319$1,838$1,445$1,129$418
22 years$2,741$2,165$1,694$1,314$1,012$353
23 years$2,594$2,025$1,564$1,197$908$299
24 years$2,459$1,897$1,446$1,091$816$253
25 years$2,336$1,780$1,340$997$735$214
26 years$2,222$1,673$1,242$911$662$182
27 years$2,117$1,575$1,154$834$597$154
28 years$2,019$1,484$1,073$764$538$131
29 years$1,929$1,400$998$701$486$111
30 years$1,844$1,322$930$643$439$94
31 years$1,765$1,250$867$591$397$80
32 years$1,692$1,183$809$543$359$68
33 years$1,623$1,120$755$499$325$57
34 years$1,558$1,061$705$459$294$49
35 years$1,496$1,007$660$423$267$41
36 years$1,439$956$617$389$242$35
37 years$1,385$908$578$359$219$30
38 years$1,333$863$541$331$198$25
39 years$1,285$820$507$305$180$22
40 years$1,239$780$475$281$163$18
41 years$1,195$743$445$260$148$16
42 years$1,153$707$418$239$134$13
43 years$1,114$674$392$221$122$11
44 years$1,076$642$368$204$111$10
45 years$1,041$613$345$189$100$8
46 years$1,007$584$324$174$91$7
47 years$974$558$305$161$83$6
48 years$943$532$286$149$75$5
49 years$913$508$269$137$68$4
50 years$885$486$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $906,000, adding $5,300 every year, while hoping to spend $35,145 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: 32/45/23 Blend
49$906,000$906,000$906,000$906,000
50$1,003,879$955,861$941,818$1,028,756
51$1,068,881$965,304$935,975$1,057,421
52$1,139,334$974,032$928,758$1,084,744
53$1,215,760$981,973$920,085$1,113,457
54$1,298,727$989,049$909,867$1,143,704
55$1,388,864$995,180$898,015$1,175,648
56$1,486,862$1,000,277$884,432$1,209,466
57$1,593,480$1,004,249$869,018$1,245,361
58$1,709,554$1,006,996$851,670$1,283,555
59$1,836,004$1,008,414$832,276$1,324,297
60$1,973,842$1,008,393$810,723$1,367,865
61$2,124,183$1,006,813$786,892$1,414,568
62$2,288,253$1,003,549$760,655$1,464,748
63$2,467,400$998,469$731,883$1,518,789
64$2,663,112$991,431$700,438$1,577,114
65$2,877,024$982,285$666,177$1,640,197
66$3,110,936$970,873$628,949$1,708,561
67$3,366,831$957,026$588,599$1,782,788
68$3,646,893$940,565$544,962$1,863,527
69$3,953,526$921,303$497,868$1,951,495
70$4,289,376$899,037$447,138$2,047,489
71$4,657,361$873,558$392,585$2,152,392
72$5,060,689$844,640$334,014$2,267,185
73$5,502,897$812,045$271,221$2,392,954
74$5,987,880$775,523$203,995$2,530,904
75$6,519,928$734,808$132,113$2,682,369
76$7,103,765$689,618$55,343$2,848,827
77$7,744,596$639,656$0$3,031,917
78$8,448,153$584,607$0$3,239,975
79$9,220,752$524,140$0$3,483,404
80$10,069,349$457,903$0$3,750,894
81$11,001,607$385,525$0$4,044,971
82$12,025,968$306,613$0$4,368,429
83$13,151,734$220,754$0$4,724,349
84$14,389,151$127,511$0$5,116,139
85$15,749,505$26,420$0$5,547,560
86$17,245,235$0$0$6,022,767
87$18,890,042$0$0$6,587,451
88$20,699,021$0$0$7,223,040
89$22,688,805$0$0$7,922,316
90$24,877,720$0$0$8,691,737
91$27,285,955$0$0$9,538,421
92$29,935,758$0$0$10,470,211
93$32,851,640$0$0$11,495,748
94$36,060,608$0$0$12,624,553
95$39,592,422$0$0$13,867,118
96$43,479,869$0$0$15,235,003
97$47,759,081$0$0$16,740,945
98$52,469,866$0$0$18,398,981
99$57,656,091$0$0$20,224,576
100$63,366,092$0$0$22,234,772