Can I retire at age 50 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$75,064$74,396$73,743$73,107$72,485$70,647
2 years$37,161$36,468$35,798$35,147$34,517$32,677
3 years$24,528$23,833$23,164$22,519$21,899$20,114
4 years$18,212$17,519$16,857$16,224$15,618$13,903
5 years$14,424$13,735$13,082$12,462$11,873$10,232
6 years$11,900$11,216$10,572$9,966$9,395$7,830
7 years$10,097$9,419$8,785$8,193$7,640$6,151
8 years$8,746$8,074$7,451$6,873$6,338$4,925
9 years$7,695$7,030$6,417$5,854$5,338$3,998
10 years$6,855$6,196$5,595$5,047$4,548$3,281
11 years$6,169$5,516$4,926$4,392$3,912$2,715
12 years$5,597$4,951$4,371$3,852$3,390$2,262
13 years$5,113$4,474$3,905$3,401$2,956$1,894
14 years$4,699$4,067$3,509$3,019$2,591$1,593
15 years$4,341$3,715$3,168$2,692$2,281$1,345
16 years$4,027$3,409$2,872$2,411$2,016$1,139
17 years$3,751$3,139$2,614$2,166$1,788$967
18 years$3,506$2,901$2,386$1,952$1,590$822
19 years$3,286$2,689$2,184$1,764$1,417$701
20 years$3,089$2,498$2,005$1,598$1,266$598
21 years$2,911$2,327$1,844$1,450$1,133$511
22 years$2,750$2,172$1,699$1,318$1,015$437
23 years$2,602$2,032$1,569$1,201$911$374
24 years$2,467$1,904$1,451$1,095$819$320
25 years$2,344$1,786$1,344$1,000$737$275
26 years$2,229$1,679$1,247$914$664$236
27 years$2,124$1,580$1,158$837$599$202
28 years$2,026$1,489$1,076$767$540$174
29 years$1,935$1,405$1,001$703$488$149
30 years$1,850$1,326$933$645$441$128
31 years$1,771$1,254$870$593$398$110
32 years$1,697$1,187$811$545$360$95
33 years$1,628$1,124$758$501$326$81
34 years$1,563$1,065$708$461$295$70
35 years$1,501$1,010$662$424$267$60
36 years$1,444$959$619$391$242$52
37 years$1,389$911$579$360$220$44
38 years$1,338$865$543$332$199$38
39 years$1,289$823$508$306$181$33
40 years$1,243$783$476$282$164$28
41 years$1,199$745$447$260$149$24
42 years$1,157$710$419$240$135$21
43 years$1,118$676$393$222$122$18
44 years$1,080$645$369$205$111$15
45 years$1,044$615$347$189$101$13
46 years$1,010$586$326$175$92$11
47 years$977$560$306$161$83$10
48 years$946$534$287$149$75$8
49 years$916$510$270$138$69$7
50 years$888$487$254$127$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $909,000, adding $5,951 every year, while hoping to spend $43,667 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: 73/16/11 Blend
49$909,000$909,000$909,000$909,000
50$1,007,856$959,679$945,590$1,078,824
51$1,064,196$960,242$930,806$1,127,084
52$1,124,820$959,369$914,063$1,173,929
53$1,190,117$956,944$895,250$1,224,042
54$1,260,517$952,843$874,249$1,277,734
55$1,336,492$946,934$850,938$1,335,349
56$1,418,559$939,079$825,190$1,397,266
57$1,507,288$929,130$796,870$1,463,902
58$1,603,305$916,931$765,838$1,535,720
59$1,707,297$902,315$731,949$1,613,228
60$1,820,021$885,108$695,048$1,696,988
61$1,942,307$865,123$654,977$1,787,619
62$2,075,071$842,163$611,568$1,885,806
63$2,219,319$816,019$564,645$1,992,302
64$2,376,156$786,471$514,028$2,107,940
65$2,546,801$753,284$459,524$2,233,639
66$2,732,592$716,212$400,936$2,370,412
67$2,935,003$674,994$338,054$2,519,377
68$3,155,656$629,351$270,662$2,681,768
69$3,396,337$578,993$198,532$2,858,947
70$3,659,009$523,609$121,429$3,052,415
71$3,945,835$462,873$39,104$3,263,829
72$4,259,196$396,440$0$3,495,018
73$4,601,713$323,945$0$3,753,719
74$4,976,272$245,002$0$4,041,706
75$5,386,048$159,203$0$4,356,872
76$5,834,541$66,120$0$4,701,958
77$6,325,602$0$0$5,079,987
78$6,863,473$0$0$5,500,401
79$7,452,827$0$0$5,973,851
80$8,098,806$0$0$6,492,833
81$8,807,078$0$0$7,061,906
82$9,583,883$0$0$7,686,089
83$10,436,094$0$0$8,370,910
84$11,371,282$0$0$9,122,459
85$12,397,786$0$0$9,947,445
86$13,524,793$0$0$10,853,255
87$14,762,422$0$0$11,848,031
88$16,121,818$0$0$12,940,737
89$17,615,263$0$0$14,141,251
90$19,256,283$0$0$15,460,456
91$21,059,781$0$0$16,910,339
92$23,042,175$0$0$18,504,107
93$25,221,554$0$0$20,256,309
94$27,617,846$0$0$22,182,978
95$30,253,006$0$0$24,301,772
96$33,151,224$0$0$26,632,152
97$36,339,151$0$0$29,195,557
98$39,846,151$0$0$32,015,606
99$43,704,578$0$0$35,118,327
100$47,950,079$0$0$38,532,395