Can I retire at age 50 with 906,000?

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 $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%11.6%
1 years$74,817$74,150$73,500$72,865$72,246$71,760
2 years$37,038$36,348$35,680$35,031$34,403$33,913
3 years$24,447$23,754$23,087$22,445$21,826$21,348
4 years$18,152$17,462$16,801$16,170$15,567$15,103
5 years$14,377$13,690$13,039$12,420$11,834$11,386
6 years$11,860$11,179$10,537$9,933$9,364$8,932
7 years$10,064$9,388$8,756$8,166$7,615$7,201
8 years$8,717$8,047$7,426$6,850$6,317$5,920
9 years$7,670$7,007$6,396$5,835$5,320$4,940
10 years$6,833$6,176$5,576$5,030$4,533$4,169
11 years$6,148$5,498$4,909$4,377$3,899$3,551
12 years$5,578$4,935$4,357$3,840$3,378$3,047
13 years$5,096$4,460$3,893$3,390$2,946$2,630
14 years$4,684$4,054$3,497$3,009$2,583$2,282
15 years$4,326$3,703$3,158$2,684$2,274$1,988
16 years$4,014$3,398$2,863$2,403$2,010$1,738
17 years$3,739$3,129$2,605$2,159$1,782$1,524
18 years$3,494$2,891$2,378$1,946$1,584$1,340
19 years$3,276$2,680$2,177$1,758$1,412$1,181
20 years$3,079$2,490$1,998$1,592$1,261$1,043
21 years$2,902$2,319$1,838$1,445$1,129$923
22 years$2,741$2,165$1,694$1,314$1,012$817
23 years$2,594$2,025$1,564$1,197$908$725
24 years$2,459$1,897$1,446$1,091$816$644
25 years$2,336$1,780$1,340$997$735$572
26 years$2,222$1,673$1,242$911$662$509
27 years$2,117$1,575$1,154$834$597$453
28 years$2,019$1,484$1,073$764$538$404
29 years$1,929$1,400$998$701$486$360
30 years$1,844$1,322$930$643$439$321
31 years$1,765$1,250$867$591$397$287
32 years$1,692$1,183$809$543$359$256
33 years$1,623$1,120$755$499$325$229
34 years$1,558$1,061$705$459$294$204
35 years$1,496$1,007$660$423$267$183
36 years$1,439$956$617$389$242$163
37 years$1,385$908$578$359$219$146
38 years$1,333$863$541$331$198$131
39 years$1,285$820$507$305$180$117
40 years$1,239$780$475$281$163$105
41 years$1,195$743$445$260$148$94
42 years$1,153$707$418$239$134$84
43 years$1,114$674$392$221$122$75
44 years$1,076$642$368$204$111$67
45 years$1,041$613$345$189$100$60
46 years$1,007$584$324$174$91$54
47 years$974$558$305$161$83$48
48 years$943$532$286$149$75$43
49 years$913$508$269$137$68$39
50 years$885$486$253$127$62$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $906,000, adding $6,742 every year, while hoping to spend $35,896 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: 86/5/9 Blend
49$906,000$906,000$906,000$906,000
50$1,005,366$957,348$943,305$1,090,112
51$1,069,721$966,065$936,713$1,155,153
52$1,139,436$974,006$928,697$1,221,007
53$1,215,021$981,096$919,171$1,292,242
54$1,297,036$987,252$908,046$1,369,377
55$1,386,096$992,390$895,228$1,452,981
56$1,482,879$996,417$880,619$1,543,683
57$1,588,128$999,237$864,115$1,642,173
58$1,702,663$1,000,746$845,609$1,749,214
59$1,827,387$1,000,835$824,989$1,865,642
60$1,963,290$999,385$802,135$1,992,382
61$2,111,465$996,274$776,926$2,130,451
62$2,273,113$991,371$749,232$2,280,968
63$2,449,557$984,534$718,918$2,445,167
64$2,642,253$975,618$685,843$2,624,407
65$2,852,803$964,463$649,859$2,820,185
66$3,082,972$950,905$610,812$3,034,151
67$3,334,703$934,767$568,542$3,268,122
68$3,610,134$915,862$522,880$3,524,099
69$3,911,621$893,993$473,649$3,804,288
70$4,241,757$868,949$420,667$4,111,118
71$4,603,398$840,509$363,742$4,447,268
72$4,999,689$808,439$302,672$4,815,688
73$5,434,095$772,490$237,248$5,219,627
74$5,910,430$732,399$167,253$5,662,667
75$6,432,895$687,888$92,458$6,148,755
76$7,006,120$638,664$12,625$6,682,240
77$7,635,201$584,416$0$7,267,914
78$8,325,754$524,814$0$7,918,025
79$9,083,964$459,513$0$8,633,171
80$9,916,644$388,145$0$9,418,576
81$10,831,300$310,323$0$10,281,333
82$11,836,201$225,637$0$11,229,256
83$12,940,455$133,654$0$12,270,956
84$14,154,097$33,919$0$13,415,918
85$15,488,183$0$0$14,674,595
86$16,954,892$0$0$16,062,578
87$18,567,643$0$0$17,590,828
88$20,341,220$0$0$19,271,490
89$22,291,912$0$0$21,120,002
90$24,437,665$0$0$23,153,371
91$26,798,252$0$0$25,390,336
92$29,395,459$0$0$27,851,543
93$32,253,291$0$0$30,559,743
94$35,398,196$0$0$33,540,001
95$38,859,315$0$0$36,819,935
96$42,668,760$0$0$40,429,975
97$46,861,910$0$0$44,403,654
98$51,477,752$0$0$48,777,917
99$56,559,241$0$0$53,593,475
100$62,153,710$0$0$58,895,187