Can I retire at age 50 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$74,734$74,068$73,419$72,785$72,166$69,357
2 years$36,997$36,308$35,640$34,993$34,365$31,569
3 years$24,420$23,728$23,062$22,420$21,802$19,108
4 years$18,132$17,442$16,783$16,152$15,550$12,976
5 years$14,361$13,675$13,024$12,407$11,821$9,375
6 years$11,847$11,167$10,526$9,922$9,353$7,038
7 years$10,053$9,378$8,747$8,157$7,607$5,420
8 years$8,707$8,038$7,418$6,843$6,310$4,250
9 years$7,661$6,999$6,389$5,829$5,314$3,378
10 years$6,825$6,169$5,570$5,024$4,528$2,712
11 years$6,141$5,492$4,904$4,373$3,894$2,194
12 years$5,572$4,929$4,352$3,835$3,375$1,786
13 years$5,091$4,455$3,888$3,386$2,943$1,460
14 years$4,678$4,049$3,494$3,006$2,580$1,199
15 years$4,322$3,699$3,154$2,681$2,271$987
16 years$4,009$3,394$2,860$2,400$2,007$815
17 years$3,734$3,126$2,602$2,157$1,780$674
18 years$3,490$2,888$2,376$1,944$1,583$559
19 years$3,272$2,677$2,175$1,756$1,411$464
20 years$3,076$2,487$1,996$1,591$1,260$385
21 years$2,899$2,317$1,836$1,443$1,128$320
22 years$2,738$2,163$1,692$1,312$1,011$267
23 years$2,591$2,023$1,562$1,195$907$222
24 years$2,457$1,895$1,445$1,090$815$185
25 years$2,333$1,779$1,338$996$734$154
26 years$2,220$1,672$1,241$910$661$129
27 years$2,114$1,573$1,152$833$596$107
28 years$2,017$1,482$1,071$763$538$89
29 years$1,927$1,398$997$700$486$75
30 years$1,842$1,321$929$643$439$62
31 years$1,763$1,248$866$590$397$52
32 years$1,690$1,181$808$542$359$43
33 years$1,621$1,119$754$499$325$36
34 years$1,556$1,060$705$459$294$30
35 years$1,495$1,006$659$422$266$25
36 years$1,437$955$616$389$241$21
37 years$1,383$907$577$358$219$18
38 years$1,332$862$540$330$198$15
39 years$1,283$819$506$305$180$12
40 years$1,237$779$474$281$163$10
41 years$1,194$742$445$259$148$9
42 years$1,152$707$417$239$134$7
43 years$1,113$673$392$221$122$6
44 years$1,075$642$368$204$111$5
45 years$1,040$612$345$188$100$4
46 years$1,005$584$324$174$91$3
47 years$973$557$305$161$83$3
48 years$942$532$286$149$75$2
49 years$912$508$269$137$68$2
50 years$884$485$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $905,000, adding $6,451 every year, while hoping to spend $31,749 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: 51/20/29 Blend
49$905,000$905,000$905,000$905,000
50$1,003,964$955,999$941,972$1,046,664
51$1,072,588$969,062$939,747$1,090,198
52$1,147,147$981,702$936,384$1,133,822
53$1,228,214$993,863$931,810$1,180,642
54$1,316,417$1,005,487$925,951$1,230,978
55$1,412,449$1,016,514$918,728$1,285,182
56$1,517,072$1,026,876$910,059$1,343,643
57$1,631,123$1,036,503$899,856$1,406,793
58$1,755,527$1,045,321$888,030$1,475,108
59$1,891,297$1,053,248$874,485$1,549,111
60$2,039,552$1,060,200$859,123$1,629,386
61$2,201,522$1,066,086$841,840$1,716,572
62$2,378,563$1,070,809$822,527$1,811,378
63$2,572,164$1,074,267$801,070$1,914,588
64$2,783,970$1,076,350$777,350$2,027,065
65$3,015,786$1,076,944$751,243$2,149,764
66$3,269,606$1,075,923$722,619$2,283,740
67$3,547,621$1,073,158$691,342$2,430,157
68$3,852,245$1,068,510$657,269$2,590,300
69$4,186,139$1,061,832$620,252$2,765,588
70$4,552,229$1,052,966$580,135$2,957,587
71$4,953,743$1,041,748$536,756$3,168,029
72$5,394,233$1,028,001$489,945$3,398,820
73$5,877,611$1,011,540$439,525$3,652,070
74$6,408,190$992,167$385,311$3,930,102
75$6,990,715$969,674$327,109$4,235,485
76$7,630,418$943,838$264,717$4,571,051
77$8,333,060$914,425$197,925$4,939,926
78$9,104,989$881,189$126,512$5,345,559
79$9,953,195$843,865$50,248$5,791,756
80$10,885,384$802,176$0$6,282,717
81$11,910,039$755,829$0$6,832,709
82$13,036,511$704,513$0$7,454,427
83$14,275,101$647,900$0$8,138,026
84$15,637,156$585,641$0$8,889,812
85$17,135,179$517,371$0$9,716,732
86$18,782,946$442,701$0$10,626,447
87$20,595,635$361,222$0$11,627,401
88$22,589,968$272,500$0$12,728,901
89$24,784,371$176,079$0$13,941,205
90$27,199,144$71,475$0$15,275,621
91$29,856,659$0$0$16,744,614
92$32,781,560$0$0$18,371,125
93$36,001,006$0$0$20,178,856
94$39,544,921$0$0$22,168,893
95$43,446,278$0$0$24,359,765
96$47,741,408$0$0$26,771,890
97$52,470,345$0$0$29,427,765
98$57,677,202$0$0$32,352,182
99$63,410,586$0$0$35,572,457
100$69,724,061$0$0$39,118,691