Can I retire at age 50 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$74,569$73,905$73,257$72,624$72,006$69,674
2 years$36,915$36,228$35,561$34,915$34,289$31,960
3 years$24,366$23,675$23,011$22,371$21,754$19,503
4 years$18,092$17,404$16,746$16,117$15,515$13,359
5 years$14,329$13,645$12,995$12,379$11,794$9,739
6 years$11,821$11,142$10,502$9,900$9,333$7,379
7 years$10,030$9,357$8,727$8,139$7,590$5,738
8 years$8,688$8,021$7,402$6,828$6,297$4,546
9 years$7,644$6,983$6,375$5,816$5,303$3,651
10 years$6,810$6,156$5,558$5,013$4,518$2,962
11 years$6,128$5,480$4,893$4,363$3,886$2,423
12 years$5,560$4,919$4,342$3,827$3,367$1,995
13 years$5,080$4,445$3,880$3,379$2,936$1,650
14 years$4,668$4,040$3,486$2,999$2,574$1,371
15 years$4,312$3,691$3,147$2,675$2,266$1,143
16 years$4,001$3,386$2,854$2,395$2,003$955
17 years$3,726$3,119$2,597$2,152$1,776$800
18 years$3,483$2,882$2,370$1,939$1,579$672
19 years$3,265$2,671$2,170$1,752$1,408$565
20 years$3,069$2,482$1,991$1,587$1,257$475
21 years$2,892$2,312$1,832$1,440$1,125$400
22 years$2,732$2,158$1,688$1,310$1,008$338
23 years$2,585$2,018$1,559$1,193$905$285
24 years$2,451$1,891$1,442$1,088$814$241
25 years$2,328$1,775$1,335$993$732$203
26 years$2,215$1,668$1,238$908$660$172
27 years$2,110$1,570$1,150$831$595$145
28 years$2,013$1,479$1,069$762$537$123
29 years$1,922$1,395$995$699$484$104
30 years$1,838$1,318$927$641$438$88
31 years$1,760$1,246$864$589$396$75
32 years$1,686$1,179$806$541$358$63
33 years$1,617$1,116$753$498$324$53
34 years$1,552$1,058$703$458$293$45
35 years$1,492$1,003$657$421$266$38
36 years$1,434$952$615$388$241$32
37 years$1,380$905$576$358$218$28
38 years$1,329$860$539$330$198$23
39 years$1,280$817$505$304$179$20
40 years$1,235$778$473$280$163$17
41 years$1,191$740$444$259$148$14
42 years$1,150$705$416$239$134$12
43 years$1,110$672$391$220$122$10
44 years$1,073$640$367$203$110$9
45 years$1,037$611$344$188$100$7
46 years$1,003$583$323$174$91$6
47 years$971$556$304$160$83$5
48 years$940$531$286$148$75$4
49 years$910$507$268$137$68$4
50 years$882$484$252$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $903,000, adding $6,436 every year, while hoping to spend $31,833 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: 25/49/26 Blend
49$903,000$903,000$903,000$903,000
50$1,001,745$953,886$939,889$1,018,459
51$1,070,053$966,756$937,505$1,045,611
52$1,144,261$979,190$933,975$1,071,560
53$1,224,938$991,133$929,226$1,098,713
54$1,312,709$1,002,526$923,182$1,127,192
55$1,408,262$1,013,306$915,765$1,157,133
56$1,512,353$1,023,407$906,892$1,188,688
57$1,625,816$1,032,756$896,475$1,222,026
58$1,749,567$1,041,279$884,425$1,257,337
59$1,884,615$1,048,893$870,645$1,294,831
60$2,032,070$1,055,514$855,036$1,334,744
61$2,193,155$1,061,048$837,494$1,377,336
62$2,369,216$1,065,399$817,910$1,422,899
63$2,561,735$1,068,462$796,168$1,471,758
64$2,772,343$1,070,128$772,151$1,524,272
65$3,002,836$1,070,278$745,732$1,580,844
66$3,255,192$1,068,788$716,781$1,641,919
67$3,531,590$1,065,527$685,161$1,707,993
68$3,834,428$1,060,354$650,729$1,779,616
69$4,166,347$1,053,119$613,337$1,857,398
70$4,530,258$1,043,666$572,827$1,942,020
71$4,929,365$1,031,826$529,037$2,034,233
72$5,367,197$1,017,421$481,797$2,134,873
73$5,847,641$1,000,265$430,927$2,244,867
74$6,374,979$980,157$376,242$2,365,242
75$6,953,929$956,887$317,548$2,497,136
76$7,589,686$930,231$254,642$2,641,813
77$8,287,974$899,951$187,312$2,800,670
78$9,055,097$865,799$115,337$2,975,256
79$9,898,002$827,508$38,486$3,167,287
80$10,824,340$784,798$0$3,378,663
81$11,842,543$737,373$0$3,623,561
82$12,961,897$684,919$0$3,904,411
83$14,192,634$627,104$0$4,213,175
84$15,546,029$563,578$0$4,552,776
85$17,034,500$493,970$0$4,926,446
86$18,671,734$417,889$0$5,337,753
87$20,472,806$334,921$0$5,790,637
88$22,454,329$244,629$0$6,289,449
89$24,634,606$146,551$0$6,838,995
90$27,033,804$40,201$0$7,444,579
91$29,674,145$0$0$8,112,058
92$32,580,111$0$0$8,888,303
93$35,778,681$0$0$9,766,753
94$39,299,579$0$0$10,733,917
95$43,175,561$0$0$11,798,816
96$47,442,717$0$0$12,971,392
97$52,140,815$0$0$14,262,597
98$57,313,676$0$0$15,684,501
99$63,009,586$0$0$17,250,404
100$69,281,750$0$0$18,974,960