Can I retire at age 50 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$65,155$64,575$64,008$63,456$62,916$62,389
2 years$32,255$31,654$31,072$30,508$29,960$29,429
3 years$21,290$20,686$20,106$19,546$19,008$18,489
4 years$15,808$15,207$14,632$14,082$13,557$13,054
5 years$12,520$11,922$11,355$10,816$10,305$9,821
6 years$10,329$9,735$9,176$8,650$8,154$7,688
7 years$8,764$8,176$7,626$7,112$6,632$6,184
8 years$7,591$7,008$6,467$5,966$5,502$5,072
9 years$6,679$6,102$5,570$5,082$4,633$4,222
10 years$5,950$5,378$4,856$4,380$3,948$3,555
11 years$5,354$4,788$4,275$3,812$3,395$3,021
12 years$4,858$4,298$3,794$3,344$2,942$2,585
13 years$4,438$3,884$3,390$2,952$2,566$2,226
14 years$4,079$3,530$3,046$2,621$2,249$1,926
15 years$3,768$3,225$2,750$2,337$1,980$1,674
16 years$3,496$2,959$2,493$2,093$1,750$1,459
17 years$3,256$2,725$2,269$1,880$1,552$1,276
18 years$3,043$2,518$2,071$1,694$1,380$1,119
19 years$2,853$2,334$1,896$1,531$1,230$983
20 years$2,682$2,169$1,740$1,387$1,098$866
21 years$2,527$2,020$1,600$1,258$983$764
22 years$2,387$1,885$1,475$1,144$881$674
23 years$2,259$1,763$1,362$1,042$791$596
24 years$2,142$1,652$1,260$950$711$528
25 years$2,034$1,551$1,167$868$640$468
26 years$1,935$1,457$1,082$794$576$415
27 years$1,843$1,371$1,005$726$520$368
28 years$1,759$1,292$934$666$469$327
29 years$1,680$1,219$869$610$423$291
30 years$1,606$1,151$810$560$382$259
31 years$1,537$1,088$755$514$346$230
32 years$1,473$1,030$704$473$313$205
33 years$1,413$975$658$435$283$182
34 years$1,356$924$614$400$256$162
35 years$1,303$877$574$368$232$145
36 years$1,253$832$537$339$210$129
37 years$1,206$790$503$312$191$115
38 years$1,161$751$471$288$173$102
39 years$1,119$714$441$266$157$91
40 years$1,079$680$414$245$142$81
41 years$1,041$647$388$226$129$73
42 years$1,005$616$364$209$117$65
43 years$970$587$341$193$106$58
44 years$937$560$320$178$96$51
45 years$906$534$301$164$88$46
46 years$877$509$283$152$79$41
47 years$848$486$265$140$72$37
48 years$821$464$249$129$66$33
49 years$795$443$234$120$60$29
50 years$770$423$220$111$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $789,000, adding $4,047 every year, while hoping to spend $37,451 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: 51/44/5 Blend
49$789,000$789,000$789,000$789,000
50$873,652$831,835$819,606$916,991
51$922,917$832,748$807,215$947,773
52$975,952$832,450$793,154$976,810
53$1,033,102$830,842$777,327$1,007,466
54$1,094,745$827,820$759,635$1,039,903
55$1,161,299$823,273$739,972$1,074,296
56$1,233,220$817,082$718,229$1,110,843
57$1,311,011$809,121$694,293$1,149,762
58$1,395,224$799,259$668,042$1,191,297
59$1,486,468$787,354$639,353$1,235,718
60$1,585,411$773,257$608,094$1,283,324
61$1,692,786$756,810$574,128$1,334,450
62$1,809,402$737,845$537,313$1,389,463
63$1,936,147$716,185$497,499$1,448,775
64$2,073,998$691,643$454,530$1,512,839
65$2,224,033$664,020$408,243$1,582,161
66$2,387,433$633,106$358,468$1,657,300
67$2,565,501$598,678$305,027$1,738,876
68$2,759,670$560,502$247,733$1,827,577
69$2,971,518$518,328$186,394$1,924,165
70$3,202,781$471,894$120,806$2,029,483
71$3,455,370$420,923$50,759$2,144,467
72$3,731,390$365,119$0$2,270,153
73$4,033,155$304,174$0$2,408,967
74$4,363,218$237,759$0$2,563,873
75$4,724,385$165,528$0$2,733,578
76$5,119,749$87,116$0$2,919,651
77$5,552,715$2,136$0$3,123,827
78$6,027,031$0$0$3,348,026
79$6,546,829$0$0$3,637,858
80$7,116,654$0$0$3,956,801
81$7,741,516$0$0$4,306,635
82$8,426,931$0$0$4,690,458
83$9,178,976$0$0$5,111,684
84$10,004,343$0$0$5,574,074
85$10,910,405$0$0$6,081,769
86$11,905,282$0$0$6,639,332
87$12,997,919$0$0$7,251,788
88$14,198,173$0$0$7,924,675
89$15,516,897$0$0$8,664,093
90$16,966,053$0$0$9,476,761
91$18,558,815$0$0$10,370,082
92$20,309,699$0$0$11,352,213
93$22,234,696$0$0$12,432,140
94$24,351,426$0$0$13,619,762
95$26,679,299$0$0$14,925,987
96$29,239,702$0$0$16,362,833
97$32,056,198$0$0$17,943,540
98$35,154,749$0$0$19,682,698
99$38,563,960$0$0$21,596,381
100$42,315,349$0$0$23,702,301