Can I retire at age 50 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,817$74,150$73,500$72,865$72,246$70,557
2 years$37,038$36,348$35,680$35,031$34,403$32,710
3 years$24,447$23,754$23,087$22,445$21,826$20,184
4 years$18,152$17,462$16,801$16,170$15,567$13,987
5 years$14,377$13,690$13,039$12,420$11,834$10,321
6 years$11,860$11,179$10,537$9,933$9,364$7,919
7 years$10,064$9,388$8,756$8,166$7,615$6,239
8 years$8,717$8,047$7,426$6,850$6,317$5,010
9 years$7,670$7,007$6,396$5,835$5,320$4,080
10 years$6,833$6,176$5,576$5,030$4,533$3,358
11 years$6,148$5,498$4,909$4,377$3,899$2,788
12 years$5,578$4,935$4,357$3,840$3,378$2,330
13 years$5,096$4,460$3,893$3,390$2,946$1,958
14 years$4,684$4,054$3,497$3,009$2,583$1,653
15 years$4,326$3,703$3,158$2,684$2,274$1,400
16 years$4,014$3,398$2,863$2,403$2,010$1,190
17 years$3,739$3,129$2,605$2,159$1,782$1,013
18 years$3,494$2,891$2,378$1,946$1,584$865
19 years$3,276$2,680$2,177$1,758$1,412$740
20 years$3,079$2,490$1,998$1,592$1,261$634
21 years$2,902$2,319$1,838$1,445$1,129$544
22 years$2,741$2,165$1,694$1,314$1,012$467
23 years$2,594$2,025$1,564$1,197$908$401
24 years$2,459$1,897$1,446$1,091$816$345
25 years$2,336$1,780$1,340$997$735$297
26 years$2,222$1,673$1,242$911$662$256
27 years$2,117$1,575$1,154$834$597$220
28 years$2,019$1,484$1,073$764$538$190
29 years$1,929$1,400$998$701$486$164
30 years$1,844$1,322$930$643$439$141
31 years$1,765$1,250$867$591$397$122
32 years$1,692$1,183$809$543$359$105
33 years$1,623$1,120$755$499$325$91
34 years$1,558$1,061$705$459$294$78
35 years$1,496$1,007$660$423$267$68
36 years$1,439$956$617$389$242$58
37 years$1,385$908$578$359$219$50
38 years$1,333$863$541$331$198$44
39 years$1,285$820$507$305$180$38
40 years$1,239$780$475$281$163$33
41 years$1,195$743$445$260$148$28
42 years$1,153$707$418$239$134$24
43 years$1,114$674$392$221$122$21
44 years$1,076$642$368$204$111$18
45 years$1,041$613$345$189$100$16
46 years$1,007$584$324$174$91$14
47 years$974$558$305$161$83$12
48 years$943$532$286$149$75$10
49 years$913$508$269$137$68$9
50 years$885$486$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 $906,000, adding $3,928 every year, while hoping to spend $29,865 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: 53/22/25 Blend
49$906,000$906,000$906,000$906,000
50$1,002,464$954,446$940,403$1,048,446
51$1,072,939$969,437$940,130$1,095,620
52$1,149,602$984,163$938,847$1,143,536
53$1,233,051$998,577$936,489$1,195,068
54$1,323,948$1,012,633$932,987$1,250,574
55$1,423,018$1,026,279$928,269$1,310,448
56$1,531,059$1,039,460$922,260$1,375,123
57$1,648,952$1,052,119$914,880$1,445,079
58$1,777,665$1,064,192$906,048$1,520,848
59$1,918,262$1,075,613$895,676$1,603,012
60$2,071,917$1,086,311$883,674$1,692,218
61$2,239,922$1,096,209$869,947$1,789,177
62$2,423,699$1,105,228$854,395$1,894,677
63$2,624,813$1,113,281$836,914$2,009,584
64$2,844,989$1,120,276$817,395$2,134,858
65$3,086,124$1,126,116$795,724$2,271,553
66$3,350,310$1,130,697$771,782$2,420,838
67$3,639,849$1,133,909$745,444$2,583,999
68$3,957,277$1,135,634$716,580$2,762,457
69$4,305,387$1,135,747$685,053$2,957,778
70$4,687,254$1,134,117$650,720$3,171,693
71$5,106,268$1,130,603$613,433$3,406,109
72$5,566,160$1,125,055$573,036$3,663,132
73$6,071,041$1,117,316$529,365$3,945,084
74$6,625,440$1,107,217$482,252$4,254,527
75$7,234,345$1,094,580$431,517$4,594,289
76$7,903,251$1,079,217$376,975$4,967,487
77$8,638,212$1,060,928$318,433$5,377,561
78$9,445,897$1,039,501$255,688$5,828,305
79$10,333,653$1,014,711$188,529$6,323,904
80$11,309,575$986,322$116,734$6,868,974
81$12,382,581$954,081$40,074$7,468,606
82$13,562,495$917,722$0$8,128,416
83$14,860,143$876,964$0$8,865,728
84$16,287,451$831,508$0$9,688,371
85$17,857,558$781,039$0$10,593,245
86$19,584,943$725,224$0$11,588,728
87$21,485,558$663,711$0$12,684,056
88$23,576,978$596,126$0$13,889,408
89$25,878,570$522,076$0$15,216,003
90$28,411,671$441,145$0$16,676,206
91$31,199,794$352,893$0$18,283,649
92$34,268,845$256,857$0$20,053,355
93$37,647,368$152,544$0$22,001,881
94$41,366,819$39,438$0$24,147,479
95$45,461,856$0$0$26,510,265
96$49,970,668$0$0$29,132,504
97$54,935,338$0$0$32,030,489
98$60,402,235$0$0$35,221,751
99$66,422,456$0$0$38,736,133
100$73,052,304$0$0$42,606,517