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%17.3%
1 years$65,155$64,575$64,008$63,456$62,916$61,049
2 years$32,255$31,654$31,072$30,508$29,960$28,094
3 years$21,290$20,686$20,106$19,546$19,008$17,202
4 years$15,808$15,207$14,632$14,082$13,557$11,825
5 years$12,520$11,922$11,355$10,816$10,305$8,652
6 years$10,329$9,735$9,176$8,650$8,154$6,581
7 years$8,764$8,176$7,626$7,112$6,632$5,138
8 years$7,591$7,008$6,467$5,966$5,502$4,087
9 years$6,679$6,102$5,570$5,082$4,633$3,296
10 years$5,950$5,378$4,856$4,380$3,948$2,686
11 years$5,354$4,788$4,275$3,812$3,395$2,207
12 years$4,858$4,298$3,794$3,344$2,942$1,826
13 years$4,438$3,884$3,390$2,952$2,566$1,518
14 years$4,079$3,530$3,046$2,621$2,249$1,267
15 years$3,768$3,225$2,750$2,337$1,980$1,061
16 years$3,496$2,959$2,493$2,093$1,750$892
17 years$3,256$2,725$2,269$1,880$1,552$751
18 years$3,043$2,518$2,071$1,694$1,380$633
19 years$2,853$2,334$1,896$1,531$1,230$535
20 years$2,682$2,169$1,740$1,387$1,098$453
21 years$2,527$2,020$1,600$1,258$983$384
22 years$2,387$1,885$1,475$1,144$881$325
23 years$2,259$1,763$1,362$1,042$791$276
24 years$2,142$1,652$1,260$950$711$234
25 years$2,034$1,551$1,167$868$640$199
26 years$1,935$1,457$1,082$794$576$169
27 years$1,843$1,371$1,005$726$520$144
28 years$1,759$1,292$934$666$469$123
29 years$1,680$1,219$869$610$423$104
30 years$1,606$1,151$810$560$382$89
31 years$1,537$1,088$755$514$346$76
32 years$1,473$1,030$704$473$313$64
33 years$1,413$975$658$435$283$55
34 years$1,356$924$614$400$256$47
35 years$1,303$877$574$368$232$40
36 years$1,253$832$537$339$210$34
37 years$1,206$790$503$312$191$29
38 years$1,161$751$471$288$173$25
39 years$1,119$714$441$266$157$21
40 years$1,079$680$414$245$142$18
41 years$1,041$647$388$226$129$15
42 years$1,005$616$364$209$117$13
43 years$970$587$341$193$106$11
44 years$937$560$320$178$96$9
45 years$906$534$301$164$88$8
46 years$877$509$283$152$79$7
47 years$848$486$265$140$72$6
48 years$821$464$249$129$66$5
49 years$795$443$234$120$60$4
50 years$770$423$220$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $789,000, adding $5,572 every year, while hoping to spend $21,202 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$875,226$833,409$821,179$918,564
51$941,940$851,687$826,130$966,881
52$1,014,748$870,150$830,536$1,016,604
53$1,094,250$888,785$834,356$1,070,140
54$1,181,105$907,577$837,549$1,127,850
55$1,276,040$926,510$840,068$1,190,132
56$1,379,853$945,566$841,868$1,257,427
57$1,493,425$964,726$842,898$1,330,216
58$1,617,726$983,970$843,107$1,409,032
59$1,753,823$1,003,273$842,439$1,494,463
60$1,902,891$1,022,611$840,839$1,587,154
61$2,066,224$1,041,957$838,245$1,687,816
62$2,245,249$1,061,283$834,596$1,797,236
63$2,441,534$1,080,556$829,825$1,916,276
64$2,656,809$1,099,742$823,863$2,045,891
65$2,892,980$1,118,805$816,638$2,187,128
66$3,152,142$1,137,705$808,074$2,341,146
67$3,436,608$1,156,399$798,092$2,509,220
68$3,748,921$1,174,843$786,608$2,692,753
69$4,091,887$1,192,986$773,535$2,893,296
70$4,468,594$1,210,776$758,782$3,112,555
71$4,882,444$1,228,157$742,255$3,352,412
72$5,337,185$1,245,069$723,852$3,614,940
73$5,836,946$1,261,446$703,470$3,902,424
74$6,386,278$1,277,220$680,999$4,217,384
75$6,990,191$1,292,316$656,325$4,562,598
76$7,654,207$1,306,657$629,329$4,941,125
77$8,384,410$1,320,157$599,885$5,356,339
78$9,187,502$1,332,727$567,864$5,811,960
79$10,070,868$1,344,271$533,128$6,312,086
80$11,042,644$1,354,688$495,535$6,861,236
81$12,111,794$1,363,868$454,936$7,464,391
82$13,288,196$1,371,696$411,175$8,127,040
83$14,582,732$1,378,050$364,090$8,855,234
84$16,007,394$1,382,797$313,510$9,655,644
85$17,575,394$1,385,800$259,258$10,535,623
86$19,301,290$1,386,910$201,149$11,503,274
87$21,201,123$1,385,970$138,989$12,567,531
88$23,292,569$1,382,814$72,577$13,738,240
89$25,595,104$1,377,265$1,701$15,026,256
90$28,130,188$1,369,135$0$16,443,540
91$30,921,469$1,358,224$0$18,007,225
92$33,995,004$1,344,322$0$19,728,255
93$37,379,505$1,327,204$0$21,622,571
94$41,106,611$1,306,634$0$23,707,846
95$45,211,185$1,282,359$0$26,003,558
96$49,731,644$1,254,113$0$28,531,175
97$54,710,321$1,221,614$0$31,314,358
98$60,193,864$1,184,562$0$34,379,187
99$66,233,675$1,142,643$0$37,754,406
100$72,886,399$1,095,521$0$41,471,694