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%16.9%
1 years$74,817$74,150$73,500$72,865$72,246$70,215
2 years$37,038$36,348$35,680$35,031$34,403$32,372
3 years$24,447$23,754$23,087$22,445$21,826$19,860
4 years$18,152$17,462$16,801$16,170$15,567$13,679
5 years$14,377$13,690$13,039$12,420$11,834$10,030
6 years$11,860$11,179$10,537$9,933$9,364$7,646
7 years$10,064$9,388$8,756$8,166$7,615$5,983
8 years$8,717$8,047$7,426$6,850$6,317$4,770
9 years$7,670$7,007$6,396$5,835$5,320$3,857
10 years$6,833$6,176$5,576$5,030$4,533$3,151
11 years$6,148$5,498$4,909$4,377$3,899$2,596
12 years$5,578$4,935$4,357$3,840$3,378$2,152
13 years$5,096$4,460$3,893$3,390$2,946$1,794
14 years$4,684$4,054$3,497$3,009$2,583$1,502
15 years$4,326$3,703$3,158$2,684$2,274$1,262
16 years$4,014$3,398$2,863$2,403$2,010$1,063
17 years$3,739$3,129$2,605$2,159$1,782$898
18 years$3,494$2,891$2,378$1,946$1,584$760
19 years$3,276$2,680$2,177$1,758$1,412$644
20 years$3,079$2,490$1,998$1,592$1,261$546
21 years$2,902$2,319$1,838$1,445$1,129$464
22 years$2,741$2,165$1,694$1,314$1,012$395
23 years$2,594$2,025$1,564$1,197$908$336
24 years$2,459$1,897$1,446$1,091$816$287
25 years$2,336$1,780$1,340$997$735$244
26 years$2,222$1,673$1,242$911$662$208
27 years$2,117$1,575$1,154$834$597$178
28 years$2,019$1,484$1,073$764$538$152
29 years$1,929$1,400$998$701$486$130
30 years$1,844$1,322$930$643$439$111
31 years$1,765$1,250$867$591$397$95
32 years$1,692$1,183$809$543$359$81
33 years$1,623$1,120$755$499$325$69
34 years$1,558$1,061$705$459$294$59
35 years$1,496$1,007$660$423$267$50
36 years$1,439$956$617$389$242$43
37 years$1,385$908$578$359$219$37
38 years$1,333$863$541$331$198$32
39 years$1,285$820$507$305$180$27
40 years$1,239$780$475$281$163$23
41 years$1,195$743$445$260$148$20
42 years$1,153$707$418$239$134$17
43 years$1,114$674$392$221$122$14
44 years$1,076$642$368$204$111$12
45 years$1,041$613$345$189$100$11
46 years$1,007$584$324$174$91$9
47 years$974$558$305$161$83$8
48 years$943$532$286$149$75$7
49 years$913$508$269$137$68$6
50 years$885$486$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 $906,000, adding $3,652 every year, while hoping to spend $23,978 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: 50/33/17 Blend
49$906,000$906,000$906,000$906,000
50$1,002,179$954,161$940,118$1,047,402
51$1,078,889$975,403$946,100$1,100,207
52$1,162,620$996,881$951,478$1,154,781
53$1,254,062$1,018,583$956,207$1,213,570
54$1,353,976$1,040,494$960,240$1,276,978
55$1,463,199$1,062,596$963,526$1,345,453
56$1,582,654$1,084,871$966,013$1,419,487
57$1,713,354$1,107,300$967,644$1,499,621
58$1,856,418$1,129,859$968,361$1,586,456
59$2,013,076$1,152,525$968,105$1,680,648
60$2,184,683$1,175,272$966,809$1,782,925
61$2,372,731$1,198,072$964,408$1,894,088
62$2,578,865$1,220,892$960,831$2,015,019
63$2,804,894$1,243,700$956,004$2,146,691
64$3,052,812$1,266,460$949,848$2,290,176
65$3,324,814$1,289,133$942,284$2,446,656
66$3,623,321$1,311,676$933,226$2,617,436
67$3,950,995$1,334,044$922,585$2,803,951
68$4,310,772$1,356,187$910,267$3,007,786
69$4,705,885$1,378,055$896,175$3,230,686
70$5,139,895$1,399,589$880,206$3,474,577
71$5,616,725$1,420,730$862,254$3,741,580
72$6,140,698$1,441,412$842,206$4,034,035
73$6,716,575$1,461,566$819,946$4,354,521
74$7,349,600$1,481,118$795,349$4,705,881
75$8,045,555$1,499,988$768,288$5,091,249
76$8,810,805$1,518,091$738,630$5,514,081
77$9,652,366$1,535,336$706,232$5,978,186
78$10,577,965$1,551,627$670,950$6,487,763
79$11,596,120$1,566,858$632,628$7,047,441
80$12,716,211$1,580,921$591,108$7,662,324
81$13,948,576$1,593,697$546,222$8,338,037
82$15,304,604$1,605,062$497,794$9,080,783
83$16,796,845$1,614,882$445,641$9,897,398
84$18,439,127$1,623,015$389,574$10,795,417
85$20,246,685$1,629,310$329,392$11,783,150
86$22,236,308$1,633,606$264,887$12,869,755
87$24,426,492$1,635,734$195,842$14,065,325
88$26,837,621$1,635,511$122,029$15,380,990
89$29,492,153$1,632,746$43,212$16,829,017
90$32,414,835$1,627,234$0$18,422,927
91$35,632,938$1,618,758$0$20,185,043
92$39,176,508$1,607,088$0$22,133,225
93$43,078,657$1,591,980$0$24,277,784
94$47,375,868$1,573,175$0$26,638,734
95$52,108,345$1,550,399$0$29,238,131
96$57,320,389$1,523,362$0$32,100,284
97$63,060,817$1,491,754$0$35,251,985
98$69,383,422$1,455,252$0$38,722,760
99$76,347,480$1,413,508$0$42,545,150
100$84,018,311$1,366,158$0$46,755,021