Can I retire at age 50 with 787,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$64,990$64,411$63,846$63,295$62,756$62,283
2 years$32,173$31,574$30,993$30,430$29,884$29,406
3 years$21,236$20,634$20,055$19,497$18,960$18,493
4 years$15,768$15,168$14,595$14,046$13,522$13,070
5 years$12,488$11,892$11,326$10,789$10,279$9,843
6 years$10,303$9,711$9,153$8,628$8,134$7,714
7 years$8,742$8,155$7,606$7,094$6,615$6,211
8 years$7,572$6,990$6,451$5,951$5,488$5,101
9 years$6,662$6,086$5,556$5,069$4,621$4,251
10 years$5,935$5,365$4,844$4,369$3,938$3,584
11 years$5,341$4,776$4,264$3,803$3,387$3,048
12 years$4,846$4,287$3,785$3,335$2,935$2,612
13 years$4,427$3,874$3,381$2,945$2,559$2,252
14 years$4,068$3,521$3,038$2,614$2,243$1,951
15 years$3,758$3,217$2,743$2,331$1,975$1,698
16 years$3,487$2,951$2,487$2,087$1,746$1,482
17 years$3,248$2,718$2,263$1,875$1,548$1,298
18 years$3,035$2,512$2,066$1,690$1,376$1,140
19 years$2,845$2,328$1,891$1,527$1,227$1,003
20 years$2,675$2,163$1,736$1,383$1,096$885
21 years$2,521$2,015$1,596$1,255$981$781
22 years$2,381$1,881$1,471$1,141$879$691
23 years$2,253$1,759$1,359$1,039$789$612
24 years$2,136$1,648$1,256$948$709$543
25 years$2,029$1,547$1,164$866$638$482
26 years$1,930$1,454$1,079$792$575$428
27 years$1,839$1,368$1,002$725$518$380
28 years$1,754$1,289$932$664$468$338
29 years$1,675$1,216$867$609$422$301
30 years$1,602$1,148$808$559$382$268
31 years$1,534$1,086$753$513$345$239
32 years$1,469$1,027$702$472$312$213
33 years$1,409$973$656$434$282$190
34 years$1,353$922$613$399$256$169
35 years$1,300$875$573$367$232$151
36 years$1,250$830$536$338$210$135
37 years$1,203$788$502$312$190$120
38 years$1,158$749$470$287$172$108
39 years$1,116$712$440$265$156$96
40 years$1,076$678$413$244$142$86
41 years$1,038$645$387$225$129$77
42 years$1,002$614$363$208$117$69
43 years$968$585$340$192$106$61
44 years$935$558$320$177$96$55
45 years$904$532$300$164$87$49
46 years$874$508$282$151$79$44
47 years$846$484$265$140$72$39
48 years$819$463$249$129$65$35
49 years$793$442$234$119$59$31
50 years$768$422$220$110$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $787,000, adding $3,442 every year, while hoping to spend $54,606 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: 25/46/29 Blend
49$787,000$787,000$787,000$787,000
50$870,824$829,113$816,915$884,629
51$901,548$811,640$786,181$879,011
52$933,576$791,479$752,588$868,144
53$966,982$768,444$715,981$855,369
54$1,001,848$742,332$676,201$840,564
55$1,038,263$712,932$633,079$823,602
56$1,076,319$680,019$586,441$804,346
57$1,116,121$643,357$536,104$782,657
58$1,157,777$602,694$481,876$758,386
59$1,201,409$557,764$423,557$731,379
60$1,247,146$508,287$360,939$701,472
61$1,295,128$453,967$293,804$668,498
62$1,345,508$394,489$221,924$632,278
63$1,398,454$329,522$145,062$592,627
64$1,454,144$258,717$62,969$549,353
65$1,512,776$181,703$0$502,252
66$1,574,563$98,091$0$458,740
67$1,639,738$7,467$0$432,261
68$1,708,555$0$0$403,169
69$1,781,291$0$0$417,182
70$1,858,247$0$0$436,066
71$1,939,753$0$0$456,131
72$2,026,170$0$0$477,473
73$2,117,891$0$0$500,199
74$2,215,347$0$0$524,425
75$2,319,009$0$0$550,278
76$2,429,391$0$0$577,897
77$2,547,059$0$0$607,435
78$2,672,629$0$0$639,060
79$2,806,779$0$0$672,955
80$2,950,252$0$0$709,322
81$3,103,859$0$0$748,381
82$3,268,495$0$0$790,376
83$3,445,136$0$0$835,573
84$3,634,857$0$0$884,264
85$3,838,837$0$0$936,771
86$4,058,369$0$0$993,446
87$4,294,875$0$0$1,054,677
88$4,549,914$0$0$1,120,891
89$4,825,202$0$0$1,192,555
90$5,122,622$0$0$1,270,186
91$5,444,244$0$0$1,354,348
92$5,792,344$0$0$1,445,665
93$6,169,423$0$0$1,544,821
94$6,578,231$0$0$1,652,570
95$7,021,792$0$0$1,769,739
96$7,503,433$0$0$1,897,241
97$8,026,812$0$0$2,036,079
98$8,595,954$0$0$2,187,355
99$9,215,286$0$0$2,352,285
100$9,889,680$0$0$2,532,205