Can I retire at age 50 with 787,000?

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 $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%16.8%
1 years$64,990$64,411$63,846$63,295$62,756$61,017
2 years$32,173$31,574$30,993$30,430$29,884$28,144
3 years$21,236$20,634$20,055$19,497$18,960$17,274
4 years$15,768$15,168$14,595$14,046$13,522$11,904
5 years$12,488$11,892$11,326$10,789$10,279$8,733
6 years$10,303$9,711$9,153$8,628$8,134$6,661
7 years$8,742$8,155$7,606$7,094$6,615$5,215
8 years$7,572$6,990$6,451$5,951$5,488$4,161
9 years$6,662$6,086$5,556$5,069$4,621$3,366
10 years$5,935$5,365$4,844$4,369$3,938$2,752
11 years$5,341$4,776$4,264$3,803$3,387$2,268
12 years$4,846$4,287$3,785$3,335$2,935$1,882
13 years$4,427$3,874$3,381$2,945$2,559$1,570
14 years$4,068$3,521$3,038$2,614$2,243$1,315
15 years$3,758$3,217$2,743$2,331$1,975$1,106
16 years$3,487$2,951$2,487$2,087$1,746$932
17 years$3,248$2,718$2,263$1,875$1,548$788
18 years$3,035$2,512$2,066$1,690$1,376$667
19 years$2,845$2,328$1,891$1,527$1,227$566
20 years$2,675$2,163$1,736$1,383$1,096$481
21 years$2,521$2,015$1,596$1,255$981$409
22 years$2,381$1,881$1,471$1,141$879$348
23 years$2,253$1,759$1,359$1,039$789$296
24 years$2,136$1,648$1,256$948$709$253
25 years$2,029$1,547$1,164$866$638$216
26 years$1,930$1,454$1,079$792$575$184
27 years$1,839$1,368$1,002$725$518$157
28 years$1,754$1,289$932$664$468$134
29 years$1,675$1,216$867$609$422$115
30 years$1,602$1,148$808$559$382$98
31 years$1,534$1,086$753$513$345$84
32 years$1,469$1,027$702$472$312$72
33 years$1,409$973$656$434$282$61
34 years$1,353$922$613$399$256$52
35 years$1,300$875$573$367$232$45
36 years$1,250$830$536$338$210$38
37 years$1,203$788$502$312$190$33
38 years$1,158$749$470$287$172$28
39 years$1,116$712$440$265$156$24
40 years$1,076$678$413$244$142$21
41 years$1,038$645$387$225$129$18
42 years$1,002$614$363$208$117$15
43 years$968$585$340$192$106$13
44 years$935$558$320$177$96$11
45 years$904$532$300$164$87$9
46 years$874$508$282$151$79$8
47 years$846$484$265$140$72$7
48 years$819$463$249$129$65$6
49 years$793$442$234$119$59$5
50 years$768$422$220$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $787,000, adding $2,599 every year, while hoping to spend $57,327 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: 64/10/26 Blend
49$787,000$787,000$787,000$787,000
50$869,955$828,244$816,045$919,513
51$897,695$807,832$782,387$932,915
52$926,343$784,499$745,681$940,960
53$955,931$758,041$705,762$948,483
54$986,493$728,242$662,462$955,438
55$1,018,064$694,874$615,603$961,778
56$1,050,679$657,696$564,999$967,455
57$1,084,378$616,453$510,456$972,417
58$1,119,200$570,874$451,771$976,608
59$1,155,186$520,675$388,733$979,972
60$1,192,380$465,553$321,121$982,448
61$1,230,829$405,191$248,705$983,974
62$1,270,579$339,251$171,242$984,484
63$1,311,681$267,377$88,481$983,908
64$1,354,188$189,194$161$982,173
65$1,398,155$104,305$0$979,203
66$1,443,640$12,289$0$1,001,023
67$1,490,706$0$0$1,023,191
68$1,539,417$0$0$1,055,263
69$1,589,840$0$0$1,089,866
70$1,642,050$0$0$1,125,699
71$1,696,121$0$0$1,162,813
72$1,752,134$0$0$1,201,266
73$1,810,176$0$0$1,241,115
74$1,870,336$0$0$1,282,425
75$1,932,713$0$0$1,325,262
76$1,997,406$0$0$1,369,697
77$2,064,527$0$0$1,415,806
78$2,134,191$0$0$1,463,671
79$2,206,521$0$0$1,513,375
80$2,281,650$0$0$1,565,013
81$2,359,720$0$0$1,618,682
82$2,440,881$0$0$1,674,487
83$2,525,295$0$0$1,732,542
84$2,613,135$0$0$1,792,967
85$2,704,589$0$0$1,855,891
86$2,799,856$0$0$1,921,456
87$2,899,151$0$0$1,989,810
88$3,002,706$0$0$2,061,116
89$3,110,771$0$0$2,135,548
90$3,223,615$0$0$2,213,294
91$3,341,528$0$0$2,294,558
92$3,464,825$0$0$2,379,559
93$3,593,846$0$0$2,468,535
94$3,728,959$0$0$2,561,745
95$3,870,563$0$0$2,659,466
96$4,019,089$0$0$2,762,002
97$4,175,008$0$0$2,869,682
98$4,338,829$0$0$2,982,863
99$4,511,105$0$0$3,101,934
100$4,692,439$0$0$3,227,316