Can I retire at age 50 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$65,237$64,656$64,089$63,536$62,996$60,785
2 years$32,296$31,694$31,111$30,546$29,998$27,794
3 years$21,317$20,713$20,131$19,571$19,032$16,904
4 years$15,828$15,226$14,650$14,100$13,574$11,538
5 years$12,536$11,937$11,369$10,830$10,319$8,380
6 years$10,342$9,748$9,188$8,661$8,165$6,325
7 years$8,775$8,186$7,635$7,121$6,640$4,899
8 years$7,601$7,017$6,475$5,973$5,509$3,865
9 years$6,688$6,110$5,577$5,088$4,639$3,091
10 years$5,958$5,385$4,862$4,386$3,953$2,497
11 years$5,361$4,794$4,281$3,817$3,399$2,033
12 years$4,864$4,303$3,799$3,348$2,946$1,666
13 years$4,444$3,889$3,394$2,956$2,569$1,372
14 years$4,084$3,535$3,050$2,624$2,252$1,134
15 years$3,772$3,229$2,753$2,340$1,983$941
16 years$3,500$2,963$2,496$2,095$1,752$782
17 years$3,260$2,728$2,272$1,883$1,554$652
18 years$3,047$2,521$2,074$1,697$1,382$544
19 years$2,856$2,337$1,898$1,533$1,231$455
20 years$2,685$2,171$1,742$1,388$1,100$381
21 years$2,530$2,022$1,603$1,260$984$319
22 years$2,390$1,888$1,477$1,146$882$268
23 years$2,262$1,766$1,364$1,043$792$225
24 years$2,144$1,654$1,261$952$712$189
25 years$2,037$1,553$1,168$869$641$159
26 years$1,938$1,459$1,083$795$577$133
27 years$1,846$1,373$1,006$727$520$112
28 years$1,761$1,294$935$666$469$94
29 years$1,682$1,221$870$611$424$79
30 years$1,608$1,153$811$561$383$67
31 years$1,539$1,090$756$515$346$56
32 years$1,475$1,031$705$473$313$47
33 years$1,415$977$658$435$283$40
34 years$1,358$926$615$401$257$34
35 years$1,305$878$575$369$232$28
36 years$1,255$833$538$340$211$24
37 years$1,207$791$504$313$191$20
38 years$1,163$752$472$288$173$17
39 years$1,120$715$442$266$157$14
40 years$1,080$680$414$245$142$12
41 years$1,042$648$388$226$129$10
42 years$1,006$617$364$209$117$8
43 years$971$588$342$193$106$7
44 years$939$560$321$178$97$6
45 years$907$534$301$164$88$5
46 years$878$510$283$152$80$4
47 years$849$486$266$140$72$4
48 years$822$464$250$130$66$3
49 years$796$443$235$120$60$3
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $790,000, adding $6,183 every year, while hoping to spend $40,570 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: 68/17/15 Blend
49$790,000$790,000$790,000$790,000
50$876,958$835,088$822,843$933,112
51$923,241$832,841$807,242$969,074
52$972,886$829,124$789,759$1,003,015
53$1,026,192$823,823$770,287$1,039,112
54$1,083,488$816,815$748,716$1,077,574
55$1,145,137$807,971$724,931$1,118,630
56$1,211,534$797,155$698,809$1,162,534
57$1,283,115$784,221$670,225$1,209,568
58$1,360,361$769,015$639,045$1,260,042
59$1,443,795$751,375$605,131$1,314,302
60$1,533,998$731,128$568,338$1,372,726
61$1,631,604$708,091$528,515$1,435,734
62$1,737,311$682,071$485,504$1,503,793
63$1,851,888$652,864$439,140$1,577,414
64$1,976,179$620,253$389,249$1,657,166
65$2,111,113$584,008$335,653$1,743,676
66$2,257,710$543,889$278,161$1,837,637
67$2,417,096$499,639$216,579$1,939,815
68$2,590,506$450,987$150,700$2,051,057
69$2,779,299$397,648$80,311$2,172,298
70$2,984,974$339,318$5,187$2,304,571
71$3,209,176$275,679$0$2,449,017
72$3,453,718$206,394$0$2,618,897
73$3,720,595$131,106$0$2,805,270
74$4,012,004$49,438$0$3,008,882
75$4,330,362$0$0$3,231,473
76$4,678,330$0$0$3,482,261
77$5,058,838$0$0$3,766,658
78$5,475,112$0$0$4,077,835
79$5,930,705$0$0$4,418,450
80$6,429,529$0$0$4,791,436
81$6,975,889$0$0$5,200,020
82$7,574,531$0$0$5,647,754
83$8,230,678$0$0$6,138,553
84$8,950,084$0$0$6,676,727
85$9,739,085$0$0$7,267,024
86$10,604,661$0$0$7,914,674
87$11,554,500$0$0$8,625,436
88$12,597,069$0$0$9,405,655
89$13,741,697$0$0$10,262,320
90$14,998,659$0$0$11,203,129
91$16,379,273$0$0$12,236,564
92$17,896,008$0$0$13,371,966
93$19,562,600$0$0$14,619,628
94$21,394,183$0$0$15,990,889
95$23,407,427$0$0$17,498,241
96$25,620,700$0$0$19,155,445
97$28,054,237$0$0$20,977,664
98$30,730,332$0$0$22,981,603
99$33,673,547$0$0$25,185,667
100$36,910,945$0$0$27,610,133