Can I retire at age 50 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$74,486$73,823$73,176$72,544$71,927$69,792
2 years$36,874$36,188$35,522$34,877$34,251$32,118
3 years$24,339$23,649$22,985$22,346$21,730$19,666
4 years$18,072$17,385$16,727$16,099$15,498$13,518
5 years$14,313$13,630$12,981$12,366$11,781$9,891
6 years$11,808$11,130$10,491$9,889$9,322$7,523
7 years$10,019$9,347$8,718$8,130$7,581$5,874
8 years$8,678$8,012$7,393$6,820$6,290$4,672
9 years$7,636$6,976$6,368$5,809$5,297$3,768
10 years$6,803$6,149$5,552$5,008$4,513$3,071
11 years$6,121$5,474$4,888$4,358$3,881$2,523
12 years$5,554$4,913$4,338$3,823$3,364$2,087
13 years$5,074$4,440$3,875$3,375$2,933$1,735
14 years$4,663$4,036$3,482$2,996$2,571$1,448
15 years$4,307$3,687$3,144$2,672$2,264$1,213
16 years$3,996$3,383$2,850$2,392$2,001$1,019
17 years$3,722$3,115$2,594$2,149$1,774$858
18 years$3,479$2,879$2,368$1,937$1,577$724
19 years$3,261$2,668$2,168$1,750$1,406$612
20 years$3,066$2,479$1,989$1,585$1,256$518
21 years$2,889$2,309$1,830$1,439$1,124$439
22 years$2,729$2,156$1,686$1,308$1,007$372
23 years$2,582$2,016$1,557$1,191$904$316
24 years$2,448$1,889$1,440$1,087$813$268
25 years$2,325$1,773$1,334$992$731$228
26 years$2,212$1,666$1,237$907$659$194
27 years$2,107$1,568$1,149$830$594$165
28 years$2,010$1,477$1,068$761$536$140
29 years$1,920$1,394$994$698$484$119
30 years$1,836$1,316$926$640$437$102
31 years$1,758$1,244$863$588$395$86
32 years$1,684$1,177$805$541$358$74
33 years$1,615$1,115$752$497$324$63
34 years$1,551$1,057$702$457$293$53
35 years$1,490$1,002$657$421$265$46
36 years$1,433$951$614$388$240$39
37 years$1,379$904$575$357$218$33
38 years$1,327$859$538$329$198$28
39 years$1,279$817$504$304$179$24
40 years$1,233$777$473$280$163$20
41 years$1,190$740$443$258$147$17
42 years$1,148$704$416$238$134$15
43 years$1,109$671$390$220$121$13
44 years$1,072$640$366$203$110$11
45 years$1,036$610$344$188$100$9
46 years$1,002$582$323$173$91$8
47 years$970$555$304$160$82$7
48 years$939$530$285$148$75$6
49 years$909$506$268$137$68$5
50 years$881$484$252$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $902,000, adding $4,610 every year, while hoping to spend $44,064 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: 48/36/16 Blend
49$902,000$902,000$902,000$902,000
50$998,759$950,953$936,972$1,042,017
51$1,053,749$950,666$921,477$1,072,150
52$1,112,871$948,888$903,986$1,099,965
53$1,176,500$945,500$884,385$1,129,211
54$1,245,047$940,374$862,557$1,160,038
55$1,318,966$933,376$838,377$1,192,614
56$1,398,752$924,364$811,714$1,227,125
57$1,484,953$913,185$782,434$1,263,783
58$1,578,166$899,679$750,394$1,302,819
59$1,679,053$883,677$715,446$1,344,494
60$1,788,337$864,998$677,434$1,389,097
61$1,906,816$843,452$636,197$1,436,952
62$2,035,366$818,836$591,564$1,488,419
63$2,174,951$790,936$543,359$1,543,896
64$2,326,630$759,526$491,396$1,603,828
65$2,491,571$724,368$435,482$1,668,711
66$2,671,056$685,206$375,416$1,739,094
67$2,866,497$641,775$310,985$1,815,588
68$3,079,446$593,789$241,970$1,898,871
69$3,311,615$540,950$168,142$1,989,696
70$3,564,884$482,940$89,259$2,088,900
71$3,841,324$419,426$5,071$2,197,411
72$4,143,215$350,054$0$2,316,257
73$4,473,066$274,450$0$2,461,053
74$4,833,641$192,220$0$2,620,456
75$5,227,980$102,946$0$2,795,051
76$5,659,432$6,189$0$2,986,442
77$6,131,686$0$0$3,196,406
78$6,648,803$0$0$3,465,930
79$7,215,253$0$0$3,763,952
80$7,835,961$0$0$4,090,624
81$8,516,352$0$0$4,448,814
82$9,262,398$0$0$4,841,678
83$10,080,678$0$0$5,272,696
84$10,978,438$0$0$5,745,698
85$11,963,660$0$0$6,264,906
86$13,045,135$0$0$6,834,966
87$14,232,548$0$0$7,461,000
88$15,536,567$0$0$8,148,649
89$16,968,943$0$0$8,904,128
90$18,542,623$0$0$9,734,280
91$20,271,867$0$0$10,646,650
92$22,172,388$0$0$11,649,544
93$24,261,495$0$0$12,752,117
94$26,558,258$0$0$13,964,453
95$29,083,686$0$0$15,297,664
96$31,860,928$0$0$16,763,991
97$34,915,485$0$0$18,376,921
98$38,275,457$0$0$20,151,315
99$41,971,801$0$0$22,103,544
100$46,038,629$0$0$24,251,651