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%19.2%
1 years$65,155$64,575$64,008$63,456$62,916$60,587
2 years$32,255$31,654$31,072$30,508$29,960$27,640
3 years$21,290$20,686$20,106$19,546$19,008$16,770
4 years$15,808$15,207$14,632$14,082$13,557$11,417
5 years$12,520$11,922$11,355$10,816$10,305$8,271
6 years$10,329$9,735$9,176$8,650$8,154$6,226
7 years$8,764$8,176$7,626$7,112$6,632$4,808
8 years$7,591$7,008$6,467$5,966$5,502$3,782
9 years$6,679$6,102$5,570$5,082$4,633$3,015
10 years$5,950$5,378$4,856$4,380$3,948$2,428
11 years$5,354$4,788$4,275$3,812$3,395$1,971
12 years$4,858$4,298$3,794$3,344$2,942$1,609
13 years$4,438$3,884$3,390$2,952$2,566$1,321
14 years$4,079$3,530$3,046$2,621$2,249$1,088
15 years$3,768$3,225$2,750$2,337$1,980$899
16 years$3,496$2,959$2,493$2,093$1,750$745
17 years$3,256$2,725$2,269$1,880$1,552$619
18 years$3,043$2,518$2,071$1,694$1,380$515
19 years$2,853$2,334$1,896$1,531$1,230$429
20 years$2,682$2,169$1,740$1,387$1,098$358
21 years$2,527$2,020$1,600$1,258$983$298
22 years$2,387$1,885$1,475$1,144$881$249
23 years$2,259$1,763$1,362$1,042$791$208
24 years$2,142$1,652$1,260$950$711$174
25 years$2,034$1,551$1,167$868$640$146
26 years$1,935$1,457$1,082$794$576$122
27 years$1,843$1,371$1,005$726$520$102
28 years$1,759$1,292$934$666$469$86
29 years$1,680$1,219$869$610$423$72
30 years$1,606$1,151$810$560$382$60
31 years$1,537$1,088$755$514$346$50
32 years$1,473$1,030$704$473$313$42
33 years$1,413$975$658$435$283$35
34 years$1,356$924$614$400$256$30
35 years$1,303$877$574$368$232$25
36 years$1,253$832$537$339$210$21
37 years$1,206$790$503$312$191$18
38 years$1,161$751$471$288$173$15
39 years$1,119$714$441$266$157$12
40 years$1,079$680$414$245$142$10
41 years$1,041$647$388$226$129$9
42 years$1,005$616$364$209$117$7
43 years$970$587$341$193$106$6
44 years$937$560$320$178$96$5
45 years$906$534$301$164$88$4
46 years$877$509$283$152$79$4
47 years$848$486$265$140$72$3
48 years$821$464$249$129$66$3
49 years$795$443$234$120$60$2
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $789,000, adding $5,781 every year, while hoping to spend $46,955 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: 49/43/8 Blend
49$789,000$789,000$789,000$789,000
50$875,441$833,624$821,395$916,217
51$914,776$824,512$798,952$935,614
52$956,550$813,380$774,183$951,218
53$1,000,961$800,078$746,961$967,068
54$1,048,228$784,451$717,153$983,201
55$1,098,589$766,331$684,619$999,659
56$1,152,305$745,541$649,214$1,016,491
57$1,209,663$721,895$610,785$1,033,755
58$1,270,975$695,194$569,173$1,051,518
59$1,336,586$665,230$524,212$1,069,857
60$1,406,872$631,781$475,727$1,088,863
61$1,482,247$594,612$423,538$1,108,636
62$1,563,164$553,476$367,455$1,129,296
63$1,650,121$508,111$307,279$1,150,976
64$1,743,665$458,240$242,804$1,173,830
65$1,844,395$403,569$173,814$1,198,032
66$1,952,969$343,791$100,084$1,223,779
67$2,070,113$278,577$21,377$1,251,295
68$2,196,620$207,583$0$1,280,835
69$2,333,365$130,444$0$1,318,029
70$2,481,307$46,775$0$1,360,149
71$2,641,503$0$0$1,405,757
72$2,815,113$0$0$1,476,024
73$3,003,412$0$0$1,576,313
74$3,207,804$0$0$1,685,248
75$3,429,832$0$0$1,803,661
76$3,671,194$0$0$1,932,468
77$3,933,759$0$0$2,072,676
78$4,219,580$0$0$2,225,392
79$4,530,919$0$0$2,391,837
80$4,870,264$0$0$2,573,351
81$5,240,354$0$0$2,771,413
82$5,644,203$0$0$2,987,647
83$6,085,129$0$0$3,223,845
84$6,566,783$0$0$3,481,976
85$7,093,187$0$0$3,764,208
86$7,668,766$0$0$4,072,932
87$8,298,395$0$0$4,410,775
88$8,987,440$0$0$4,780,634
89$9,741,809$0$0$5,185,698
90$10,568,010$0$0$5,629,477
91$11,473,208$0$0$6,115,840
92$12,465,296$0$0$6,649,044
93$13,552,963$0$0$7,233,781
94$14,745,783$0$0$7,875,217
95$16,054,299$0$0$8,579,042
96$17,490,124$0$0$9,351,525
97$19,066,049$0$0$10,199,570
98$20,796,164$0$0$11,130,782
99$22,695,990$0$0$12,153,540
100$24,782,625$0$0$13,277,073