Can I retire at age 50 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$74,899$74,232$73,581$72,946$72,325$71,870
2 years$37,079$36,388$35,719$35,070$34,441$33,981
3 years$24,474$23,780$23,113$22,470$21,851$21,401
4 years$18,172$17,481$16,820$16,188$15,584$15,148
5 years$14,393$13,705$13,053$12,434$11,847$11,426
6 years$11,873$11,191$10,549$9,944$9,374$8,969
7 years$10,075$9,398$8,766$8,175$7,624$7,234
8 years$8,726$8,056$7,434$6,858$6,324$5,951
9 years$7,678$7,014$6,403$5,841$5,326$4,968
10 years$6,840$6,183$5,582$5,035$4,538$4,196
11 years$6,155$5,504$4,915$4,382$3,903$3,576
12 years$5,584$4,940$4,362$3,844$3,382$3,070
13 years$5,102$4,465$3,897$3,394$2,949$2,652
14 years$4,689$4,058$3,501$3,012$2,585$2,302
15 years$4,331$3,707$3,161$2,687$2,276$2,007
16 years$4,018$3,401$2,866$2,406$2,012$1,756
17 years$3,743$3,132$2,608$2,161$1,784$1,541
18 years$3,498$2,895$2,381$1,948$1,586$1,356
19 years$3,279$2,683$2,180$1,760$1,414$1,196
20 years$3,083$2,493$2,000$1,594$1,263$1,057
21 years$2,905$2,322$1,840$1,447$1,130$935
22 years$2,744$2,167$1,696$1,315$1,013$829
23 years$2,597$2,027$1,566$1,198$909$736
24 years$2,462$1,899$1,448$1,093$817$654
25 years$2,338$1,782$1,341$998$735$582
26 years$2,224$1,675$1,244$912$662$518
27 years$2,119$1,577$1,155$835$597$462
28 years$2,022$1,486$1,074$765$539$412
29 years$1,931$1,401$999$702$487$367
30 years$1,846$1,324$931$644$440$328
31 years$1,767$1,251$868$591$398$293
32 years$1,694$1,184$810$544$360$262
33 years$1,624$1,121$756$500$325$234
34 years$1,559$1,063$706$460$295$209
35 years$1,498$1,008$660$423$267$187
36 years$1,441$957$618$390$242$168
37 years$1,386$909$578$359$219$150
38 years$1,335$863$541$331$199$134
39 years$1,286$821$507$305$180$120
40 years$1,240$781$475$282$163$108
41 years$1,196$744$446$260$148$96
42 years$1,155$708$418$240$135$86
43 years$1,115$675$392$221$122$77
44 years$1,078$643$368$204$111$69
45 years$1,042$613$346$189$101$62
46 years$1,008$585$325$174$91$56
47 years$975$558$305$161$83$50
48 years$944$533$287$149$75$45
49 years$914$509$270$138$68$40
50 years$886$486$253$127$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $907,000, adding $5,000 every year, while hoping to spend $53,374 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: 31/40/29 Blend
49$907,000$907,000$907,000$907,000
50$1,004,672$956,601$942,542$1,026,785
51$1,050,358$946,684$917,328$1,034,450
52$1,098,917$934,494$889,480$1,037,685
53$1,150,583$919,860$858,854$1,040,129
54$1,205,615$902,606$825,298$1,041,748
55$1,264,297$882,544$788,656$1,042,514
56$1,326,940$859,473$748,760$1,042,400
57$1,393,884$833,183$705,439$1,041,381
58$1,465,501$803,450$658,512$1,039,438
59$1,542,201$770,037$607,791$1,036,553
60$1,624,431$732,695$553,078$1,032,717
61$1,712,683$691,158$494,167$1,027,924
62$1,807,499$645,146$430,843$1,022,178
63$1,909,469$594,363$362,881$1,015,489
64$2,019,245$538,497$290,048$1,007,878
65$2,137,540$477,216$212,097$999,377
66$2,265,141$410,171$128,773$990,031
67$2,402,908$336,992$39,810$979,899
68$2,551,789$257,289$0$969,058
69$2,712,825$170,650$0$974,662
70$2,887,161$76,639$0$994,025
71$3,076,054$0$0$1,015,052
72$3,280,887$0$0$1,049,104
73$3,503,183$0$0$1,122,785
74$3,744,614$0$0$1,202,933
75$4,007,020$0$0$1,290,172
76$4,292,426$0$0$1,385,194
77$4,603,059$0$0$1,488,755
78$4,941,370$0$0$1,601,691
79$5,310,056$0$0$1,724,920
80$5,712,084$0$0$1,859,454
81$6,150,723$0$0$2,006,407
82$6,629,566$0$0$2,167,003
83$7,152,573$0$0$2,342,592
84$7,724,101$0$0$2,534,660
85$8,348,946$0$0$2,744,843
86$9,032,391$0$0$2,974,940
87$9,780,250$0$0$3,226,937
88$10,598,928$0$0$3,503,016
89$11,495,475$0$0$3,805,584
90$12,477,656$0$0$4,137,290
91$13,554,024$0$0$4,501,051
92$14,733,997$0$0$4,900,081
93$16,027,946$0$0$5,337,920
94$17,447,298$0$0$5,818,466
95$19,004,635$0$0$6,346,014
96$20,713,819$0$0$6,925,295
97$22,590,116$0$0$7,561,521
98$24,650,346$0$0$8,260,432
99$26,913,035$0$0$9,028,352
100$29,398,591$0$0$9,872,248