Can I retire at age 50 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,072$64,493$63,927$63,375$62,836$62,206
2 years$32,214$31,614$31,033$30,469$29,922$29,287
3 years$21,263$20,660$20,080$19,522$18,984$18,364
4 years$15,788$15,187$14,613$14,064$13,539$12,940
5 years$12,504$11,907$11,340$10,803$10,292$9,714
6 years$10,316$9,723$9,165$8,639$8,144$7,588
7 years$8,753$8,165$7,616$7,103$6,623$6,090
8 years$7,582$6,999$6,459$5,958$5,495$4,984
9 years$6,671$6,094$5,563$5,075$4,627$4,139
10 years$5,943$5,372$4,850$4,375$3,943$3,477
11 years$5,348$4,782$4,270$3,807$3,391$2,947
12 years$4,852$4,292$3,789$3,340$2,938$2,516
13 years$4,433$3,879$3,386$2,948$2,562$2,160
14 years$4,074$3,526$3,042$2,617$2,246$1,864
15 years$3,763$3,221$2,746$2,334$1,978$1,616
16 years$3,491$2,955$2,490$2,090$1,748$1,405
17 years$3,252$2,721$2,266$1,878$1,550$1,225
18 years$3,039$2,515$2,068$1,692$1,378$1,071
19 years$2,849$2,331$1,894$1,529$1,228$939
20 years$2,678$2,166$1,738$1,385$1,097$824
21 years$2,524$2,017$1,598$1,257$982$725
22 years$2,384$1,883$1,473$1,143$880$638
23 years$2,256$1,761$1,360$1,041$790$563
24 years$2,139$1,650$1,258$949$710$497
25 years$2,032$1,549$1,165$867$639$439
26 years$1,933$1,455$1,081$793$576$388
27 years$1,841$1,370$1,003$726$519$343
28 years$1,756$1,291$933$665$468$304
29 years$1,677$1,218$868$610$423$269
30 years$1,604$1,150$809$559$382$239
31 years$1,535$1,087$754$514$345$211
32 years$1,471$1,029$703$472$312$188
33 years$1,411$974$657$434$283$166
34 years$1,355$923$614$400$256$148
35 years$1,302$876$574$368$232$131
36 years$1,252$831$537$339$210$116
37 years$1,204$789$502$312$190$103
38 years$1,160$750$470$288$173$92
39 years$1,117$713$441$265$157$82
40 years$1,077$679$413$245$142$73
41 years$1,039$646$387$226$129$64
42 years$1,003$615$363$208$117$57
43 years$969$586$341$192$106$51
44 years$936$559$320$178$96$45
45 years$905$533$300$164$87$40
46 years$875$508$282$151$79$36
47 years$847$485$265$140$72$32
48 years$820$463$249$129$65$28
49 years$794$442$234$119$59$25
50 years$769$422$220$110$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $788,000, adding $5,351 every year, while hoping to spend $47,412 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: 48/37/15 Blend
49$788,000$788,000$788,000$788,000
50$873,896$832,132$819,918$911,941
51$912,587$822,460$796,939$929,127
52$953,636$810,725$771,601$942,472
53$997,232$796,777$743,776$955,924
54$1,043,585$780,454$713,327$969,509
55$1,092,922$761,587$680,115$983,260
56$1,145,492$739,997$643,991$997,218
57$1,201,569$715,494$604,801$1,011,428
58$1,261,452$687,876$562,385$1,025,946
59$1,325,468$656,930$516,573$1,040,838
60$1,393,977$622,431$467,190$1,056,178
61$1,467,374$584,141$414,051$1,072,054
62$1,546,090$541,808$356,966$1,088,568
63$1,630,601$495,166$295,734$1,105,835
64$1,721,425$443,932$230,144$1,123,991
65$1,819,136$387,810$159,979$1,143,188
66$1,924,360$326,485$85,011$1,163,600
67$2,037,787$259,625$5,001$1,185,427
68$2,160,173$186,879$0$1,208,894
69$2,292,351$107,876$0$1,247,122
70$2,435,233$22,224$0$1,289,227
71$2,589,825$0$0$1,334,778
72$2,757,231$0$0$1,412,888
73$2,938,664$0$0$1,507,424
74$3,135,459$0$0$1,610,040
75$3,349,085$0$0$1,721,512
76$3,581,155$0$0$1,842,692
77$3,833,446$0$0$1,974,519
78$4,107,912$0$0$2,118,024
79$4,406,703$0$0$2,274,342
80$4,732,183$0$0$2,444,725
81$5,086,955$0$0$2,630,545
82$5,473,886$0$0$2,833,318
83$5,896,127$0$0$3,054,709
84$6,357,150$0$0$3,296,553
85$6,860,776$0$0$3,560,867
86$7,411,209$0$0$3,849,876
87$8,013,082$0$0$4,166,027
88$8,671,493$0$0$4,512,014
89$9,392,056$0$0$4,890,804
90$10,180,952$0$0$5,305,667
91$11,044,989$0$0$5,760,199
92$11,991,664$0$0$6,258,364
93$13,029,232$0$0$6,804,526
94$14,166,787$0$0$7,403,494
95$15,414,342$0$0$8,060,560
96$16,782,928$0$0$8,781,557
97$18,284,693$0$0$9,572,909
98$19,933,021$0$0$10,441,691
99$21,742,652$0$0$11,395,698
100$23,729,824$0$0$12,443,516