Can I retire at age 50 with 788,000?

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 $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%14.5%
1 years$65,072$64,493$63,927$63,375$62,836$61,668
2 years$32,214$31,614$31,033$30,469$29,922$28,750
3 years$21,263$20,660$20,080$19,522$18,984$17,844
4 years$15,788$15,187$14,613$14,064$13,539$12,440
5 years$12,504$11,907$11,340$10,803$10,292$9,237
6 years$10,316$9,723$9,165$8,639$8,144$7,134
7 years$8,753$8,165$7,616$7,103$6,623$5,659
8 years$7,582$6,999$6,459$5,958$5,495$4,576
9 years$6,671$6,094$5,563$5,075$4,627$3,753
10 years$5,943$5,372$4,850$4,375$3,943$3,112
11 years$5,348$4,782$4,270$3,807$3,391$2,603
12 years$4,852$4,292$3,789$3,340$2,938$2,193
13 years$4,433$3,879$3,386$2,948$2,562$1,858
14 years$4,074$3,526$3,042$2,617$2,246$1,581
15 years$3,763$3,221$2,746$2,334$1,978$1,350
16 years$3,491$2,955$2,490$2,090$1,748$1,157
17 years$3,252$2,721$2,266$1,878$1,550$994
18 years$3,039$2,515$2,068$1,692$1,378$856
19 years$2,849$2,331$1,894$1,529$1,228$739
20 years$2,678$2,166$1,738$1,385$1,097$639
21 years$2,524$2,017$1,598$1,257$982$553
22 years$2,384$1,883$1,473$1,143$880$479
23 years$2,256$1,761$1,360$1,041$790$416
24 years$2,139$1,650$1,258$949$710$361
25 years$2,032$1,549$1,165$867$639$314
26 years$1,933$1,455$1,081$793$576$273
27 years$1,841$1,370$1,003$726$519$237
28 years$1,756$1,291$933$665$468$206
29 years$1,677$1,218$868$610$423$180
30 years$1,604$1,150$809$559$382$157
31 years$1,535$1,087$754$514$345$136
32 years$1,471$1,029$703$472$312$119
33 years$1,411$974$657$434$283$104
34 years$1,355$923$614$400$256$90
35 years$1,302$876$574$368$232$79
36 years$1,252$831$537$339$210$69
37 years$1,204$789$502$312$190$60
38 years$1,160$750$470$288$173$52
39 years$1,117$713$441$265$157$46
40 years$1,077$679$413$245$142$40
41 years$1,039$646$387$226$129$35
42 years$1,003$615$363$208$117$30
43 years$969$586$341$192$106$27
44 years$936$559$320$178$96$23
45 years$905$533$300$164$87$20
46 years$875$508$282$151$79$18
47 years$847$485$265$140$72$15
48 years$820$463$249$129$65$13
49 years$794$442$234$119$59$12
50 years$769$422$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $788,000, adding $3,643 every year, while hoping to spend $25,783 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: 67/26/7 Blend
49$788,000$788,000$788,000$788,000
50$872,134$830,370$818,156$929,282
51$933,658$843,625$818,131$980,924
52$1,000,595$856,666$817,241$1,033,910
53$1,073,467$869,454$815,431$1,091,146
54$1,152,853$881,949$812,640$1,153,042
55$1,239,387$894,108$808,807$1,220,052
56$1,333,770$905,885$803,867$1,292,675
57$1,436,771$917,230$797,753$1,371,461
58$1,549,238$928,090$790,394$1,457,016
59$1,672,102$938,408$781,714$1,550,007
60$1,806,390$948,124$771,635$1,651,171
61$1,953,234$957,175$760,077$1,761,319
62$2,113,878$965,490$746,954$1,881,346
63$2,289,692$972,997$732,175$2,012,236
64$2,482,185$979,618$715,647$2,155,076
65$2,693,019$985,271$697,272$2,311,063
66$2,924,024$989,866$676,948$2,481,518
67$3,177,215$993,311$654,567$2,667,894
68$3,454,813$995,505$630,017$2,871,797
69$3,759,262$996,342$603,180$3,094,992
70$4,093,254$995,711$573,934$3,339,430
71$4,459,756$993,491$542,151$3,607,258
72$4,862,034$989,555$507,696$3,900,844
73$5,303,687$983,768$470,430$4,222,798
74$5,788,679$975,989$430,205$4,575,998
75$6,321,377$966,065$386,869$4,963,616
76$6,906,591$953,836$340,263$5,389,147
77$7,549,620$939,131$290,219$5,856,447
78$8,256,303$921,770$236,563$6,369,763
79$9,033,071$901,561$179,113$6,933,781
80$9,887,010$878,304$117,679$7,553,663
81$10,825,927$851,782$52,063$8,235,099
82$11,858,422$821,770$0$8,984,364
83$12,993,971$788,028$0$9,809,716
84$14,243,016$750,300$0$10,721,671
85$15,617,058$708,319$0$11,724,758
86$17,128,772$661,801$0$12,828,257
87$18,792,122$610,445$0$14,042,396
88$20,622,494$553,933$0$15,378,450
89$22,636,843$491,929$0$16,848,843
90$24,853,846$424,080$0$18,467,271
91$27,294,088$350,009$0$20,248,829
92$29,980,246$269,320$0$22,210,153
93$32,937,311$181,596$0$24,369,581
94$36,192,817$86,395$0$26,747,321
95$39,777,105$0$0$29,365,649
96$43,723,609$0$0$32,253,908
97$48,069,167$0$0$35,461,494
98$52,854,373$0$0$38,993,661
99$58,123,958$0$0$42,883,435
100$63,927,211$0$0$47,167,207