Can I retire at age 50 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$74,651$73,987$73,338$72,705$72,086$70,458
2 years$36,956$36,268$35,601$34,954$34,327$32,695
3 years$24,393$23,701$23,036$22,395$21,778$20,194
4 years$18,112$17,423$16,764$16,135$15,532$14,008
5 years$14,345$13,660$13,010$12,393$11,808$10,347
6 years$11,834$11,154$10,514$9,911$9,343$7,948
7 years$10,042$9,367$8,737$8,148$7,598$6,269
8 years$8,698$8,030$7,410$6,835$6,304$5,040
9 years$7,653$6,991$6,382$5,822$5,308$4,109
10 years$6,818$6,162$5,564$5,019$4,523$3,386
11 years$6,135$5,486$4,898$4,368$3,890$2,815
12 years$5,566$4,924$4,347$3,831$3,371$2,356
13 years$5,085$4,450$3,884$3,382$2,940$1,982
14 years$4,673$4,045$3,490$3,002$2,577$1,675
15 years$4,317$3,695$3,151$2,678$2,269$1,421
16 years$4,005$3,390$2,857$2,398$2,005$1,209
17 years$3,730$3,122$2,599$2,154$1,778$1,032
18 years$3,486$2,885$2,373$1,941$1,581$882
19 years$3,268$2,674$2,172$1,754$1,409$756
20 years$3,072$2,485$1,994$1,589$1,259$648
21 years$2,895$2,314$1,834$1,442$1,126$557
22 years$2,735$2,160$1,690$1,311$1,010$479
23 years$2,588$2,021$1,561$1,194$906$412
24 years$2,454$1,893$1,443$1,089$815$355
25 years$2,331$1,777$1,337$995$733$306
26 years$2,217$1,670$1,240$909$660$264
27 years$2,112$1,571$1,151$832$595$228
28 years$2,015$1,481$1,070$763$537$197
29 years$1,924$1,397$996$699$485$170
30 years$1,840$1,319$928$642$438$147
31 years$1,762$1,247$865$589$396$127
32 years$1,688$1,180$807$542$358$110
33 years$1,619$1,117$753$498$324$95
34 years$1,554$1,059$704$458$294$82
35 years$1,493$1,005$658$422$266$71
36 years$1,436$953$616$389$241$61
37 years$1,382$906$576$358$218$53
38 years$1,330$861$540$330$198$46
39 years$1,282$818$506$304$180$40
40 years$1,236$779$474$281$163$34
41 years$1,192$741$444$259$148$30
42 years$1,151$706$417$239$134$26
43 years$1,112$673$391$221$122$22
44 years$1,074$641$367$204$110$19
45 years$1,038$611$345$188$100$17
46 years$1,004$583$324$174$91$14
47 years$972$557$304$161$83$13
48 years$941$531$286$148$75$11
49 years$911$507$269$137$68$9
50 years$883$485$253$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $904,000, adding $4,282 every year, while hoping to spend $49,708 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: 48/24/28 Blend
49$904,000$904,000$904,000$904,000
50$1,000,625$952,713$938,701$1,040,477
51$1,049,800$946,507$917,258$1,062,738
52$1,102,324$938,331$893,432$1,081,685
53$1,158,488$928,036$867,088$1,101,299
54$1,218,608$915,463$838,090$1,121,667
55$1,283,031$900,447$806,291$1,142,890
56$1,352,140$882,808$771,541$1,165,082
57$1,426,352$862,360$733,682$1,188,370
58$1,506,127$838,902$692,548$1,212,899
59$1,591,970$812,226$647,965$1,238,834
60$1,684,433$782,107$599,754$1,266,359
61$1,784,125$748,310$547,726$1,295,682
62$1,891,714$710,585$491,683$1,327,036
63$2,007,933$668,669$431,419$1,360,683
64$2,133,590$622,281$366,719$1,396,919
65$2,269,570$571,127$297,358$1,436,072
66$2,416,848$514,895$223,102$1,478,511
67$2,576,496$453,254$143,705$1,524,650
68$2,749,692$385,856$58,912$1,574,950
69$2,937,731$312,334$0$1,629,927
70$3,142,039$232,297$0$1,699,589
71$3,364,182$145,335$0$1,794,542
72$3,605,887$51,014$0$1,897,969
73$3,869,049$0$0$2,010,757
74$4,155,759$0$0$2,147,389
75$4,468,313$0$0$2,311,116
76$4,809,240$0$0$2,489,801
77$5,181,324$0$0$2,684,915
78$5,587,630$0$0$2,898,076
79$6,031,529$0$0$3,131,069
80$6,516,737$0$0$3,385,854
81$7,047,340$0$0$3,664,593
82$7,627,840$0$0$3,969,664
83$8,263,194$0$0$4,303,689
84$8,958,860$0$0$4,669,551
85$9,720,847$0$0$5,070,428
86$10,555,775$0$0$5,509,819
87$11,470,933$0$0$5,991,577
88$12,474,348$0$0$6,519,947
89$13,574,863$0$0$7,099,603
90$14,782,217$0$0$7,735,695
91$16,107,137$0$0$8,433,894
92$17,561,438$0$0$9,200,448
93$19,158,137$0$0$10,042,238
94$20,911,569$0$0$10,966,847
95$22,837,530$0$0$11,982,625
96$24,953,417$0$0$13,098,774
97$27,278,399$0$0$14,325,427
98$29,833,590$0$0$15,673,753
99$32,642,254$0$0$17,156,053
100$35,730,019$0$0$18,785,879