Can I retire at age 50 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$74,982$74,314$73,662$73,026$72,405$70,741
2 years$37,120$36,428$35,758$35,109$34,479$32,811
3 years$24,501$23,806$23,138$22,495$21,875$20,256
4 years$18,192$17,500$16,839$16,206$15,601$14,044
5 years$14,408$13,720$13,067$12,448$11,860$10,368
6 years$11,887$11,204$10,560$9,955$9,384$7,960
7 years$10,086$9,409$8,776$8,184$7,632$6,275
8 years$8,736$8,065$7,443$6,866$6,331$5,041
9 years$7,687$7,022$6,410$5,848$5,332$4,108
10 years$6,848$6,190$5,589$5,041$4,543$3,383
11 years$6,162$5,510$4,920$4,387$3,907$2,811
12 years$5,591$4,946$4,366$3,848$3,386$2,350
13 years$5,108$4,470$3,901$3,397$2,953$1,976
14 years$4,694$4,063$3,505$3,016$2,588$1,669
15 years$4,336$3,711$3,165$2,690$2,279$1,415
16 years$4,023$3,405$2,869$2,408$2,014$1,203
17 years$3,747$3,136$2,611$2,164$1,786$1,026
18 years$3,502$2,898$2,383$1,950$1,588$876
19 years$3,283$2,686$2,182$1,762$1,415$750
20 years$3,086$2,496$2,002$1,596$1,264$643
21 years$2,908$2,325$1,842$1,448$1,131$552
22 years$2,747$2,170$1,698$1,317$1,014$474
23 years$2,599$2,029$1,567$1,199$910$408
24 years$2,465$1,901$1,450$1,094$818$351
25 years$2,341$1,784$1,343$999$736$302
26 years$2,227$1,677$1,245$913$663$261
27 years$2,121$1,578$1,156$836$598$225
28 years$2,024$1,487$1,075$766$539$194
29 years$1,933$1,403$1,000$702$487$167
30 years$1,848$1,325$932$645$440$144
31 years$1,769$1,253$869$592$398$125
32 years$1,695$1,185$810$544$360$108
33 years$1,626$1,122$757$500$326$93
34 years$1,561$1,064$707$460$295$80
35 years$1,500$1,009$661$424$267$70
36 years$1,442$958$618$390$242$60
37 years$1,388$910$579$360$219$52
38 years$1,336$864$542$331$199$45
39 years$1,288$822$508$306$180$39
40 years$1,241$782$476$282$164$34
41 years$1,198$744$446$260$148$29
42 years$1,156$709$419$240$135$25
43 years$1,116$676$393$222$122$22
44 years$1,079$644$369$205$111$19
45 years$1,043$614$346$189$101$16
46 years$1,009$586$325$175$91$14
47 years$976$559$306$161$83$12
48 years$945$534$287$149$75$11
49 years$915$510$270$138$68$9
50 years$887$487$254$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $908,000, adding $5,928 every year, while hoping to spend $36,744 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: 64/30/6 Blend
49$908,000$908,000$908,000$908,000
50$1,006,731$958,607$944,533$1,069,770
51$1,070,322$966,483$937,079$1,120,343
52$1,139,168$973,514$928,145$1,170,658
53$1,213,766$979,619$917,640$1,224,644
54$1,294,663$984,713$905,474$1,282,655
55$1,382,459$988,705$891,548$1,345,080
56$1,477,817$991,498$875,762$1,412,348
57$1,581,463$992,990$858,009$1,484,934
58$1,694,197$993,072$838,177$1,563,361
59$1,816,901$991,628$816,151$1,648,207
60$1,950,542$988,535$791,809$1,740,108
61$2,096,186$983,662$765,024$1,839,767
62$2,255,007$976,871$735,662$1,947,959
63$2,428,295$968,015$703,584$2,065,542
64$2,617,471$956,939$668,645$2,193,459
65$2,824,101$943,476$630,692$2,332,752
66$3,049,906$927,453$589,567$2,484,570
67$3,296,782$908,684$545,103$2,650,184
68$3,566,817$886,972$497,127$2,830,992
69$3,862,308$862,110$445,457$3,028,540
70$4,185,788$833,878$389,904$3,244,530
71$4,540,042$802,042$330,270$3,480,844
72$4,928,141$766,356$266,348$3,739,556
73$5,353,464$726,560$197,923$4,022,954
74$5,819,733$682,377$124,769$4,333,564
75$6,331,048$633,516$46,651$4,674,169
76$6,891,925$579,669$0$5,047,844
77$7,507,337$520,508$0$5,460,329
78$8,182,764$455,691$0$5,916,350
79$8,924,238$384,853$0$6,417,062
80$9,738,409$307,609$0$6,967,029
81$10,632,597$223,552$0$7,571,291
82$11,614,870$132,254$0$8,235,399
83$12,694,114$33,262$0$8,965,480
84$13,880,119$0$0$9,768,286
85$15,183,669$0$0$10,675,664
86$16,616,646$0$0$11,685,272
87$18,192,140$0$0$12,795,362
88$19,924,573$0$0$14,016,104
89$21,829,835$0$0$15,358,704
90$23,925,432$0$0$16,835,507
91$26,230,652$0$0$18,460,116
92$28,766,746$0$0$20,247,517
93$31,557,130$0$0$22,214,225
94$34,627,602$0$0$24,378,432
95$38,006,589$0$0$26,760,187
96$41,725,413$0$0$29,381,578
97$45,818,585$0$0$32,266,945
98$50,324,131$0$0$35,443,105
99$55,283,952$0$0$38,939,608
100$60,744,218$0$0$42,789,017