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%19.3%
1 years$65,237$64,656$64,089$63,536$62,996$60,640
2 years$32,296$31,694$31,111$30,546$29,998$27,652
3 years$21,317$20,713$20,131$19,571$19,032$16,769
4 years$15,828$15,226$14,650$14,100$13,574$11,411
5 years$12,536$11,937$11,369$10,830$10,319$8,262
6 years$10,342$9,748$9,188$8,661$8,165$6,215
7 years$8,775$8,186$7,635$7,121$6,640$4,798
8 years$7,601$7,017$6,475$5,973$5,509$3,771
9 years$6,688$6,110$5,577$5,088$4,639$3,005
10 years$5,958$5,385$4,862$4,386$3,953$2,418
11 years$5,361$4,794$4,281$3,817$3,399$1,961
12 years$4,864$4,303$3,799$3,348$2,946$1,601
13 years$4,444$3,889$3,394$2,956$2,569$1,313
14 years$4,084$3,535$3,050$2,624$2,252$1,081
15 years$3,772$3,229$2,753$2,340$1,983$893
16 years$3,500$2,963$2,496$2,095$1,752$739
17 years$3,260$2,728$2,272$1,883$1,554$613
18 years$3,047$2,521$2,074$1,697$1,382$510
19 years$2,856$2,337$1,898$1,533$1,231$424
20 years$2,685$2,171$1,742$1,388$1,100$354
21 years$2,530$2,022$1,603$1,260$984$295
22 years$2,390$1,888$1,477$1,146$882$246
23 years$2,262$1,766$1,364$1,043$792$206
24 years$2,144$1,654$1,261$952$712$172
25 years$2,037$1,553$1,168$869$641$144
26 years$1,938$1,459$1,083$795$577$120
27 years$1,846$1,373$1,006$727$520$101
28 years$1,761$1,294$935$666$469$84
29 years$1,682$1,221$870$611$424$71
30 years$1,608$1,153$811$561$383$59
31 years$1,539$1,090$756$515$346$49
32 years$1,475$1,031$705$473$313$41
33 years$1,415$977$658$435$283$35
34 years$1,358$926$615$401$257$29
35 years$1,305$878$575$369$232$24
36 years$1,255$833$538$340$211$20
37 years$1,207$791$504$313$191$17
38 years$1,163$752$472$288$173$14
39 years$1,120$715$442$266$157$12
40 years$1,080$680$414$245$142$10
41 years$1,042$648$388$226$129$8
42 years$1,006$617$364$209$117$7
43 years$971$588$342$193$106$6
44 years$939$560$321$178$97$5
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$3
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$2
49 years$796$443$235$120$60$2
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 $3,290 every year, while hoping to spend $33,261 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: 46/42/12 Blend
49$790,000$790,000$790,000$790,000
50$873,974$832,104$819,859$911,079
51$927,729$837,487$811,934$942,492
52$985,854$842,020$802,630$972,879
53$1,048,757$845,625$791,864$1,005,101
54$1,116,890$848,220$779,551$1,039,340
55$1,190,749$849,719$765,603$1,075,799
56$1,270,879$850,030$749,925$1,114,702
57$1,357,882$849,054$732,420$1,156,297
58$1,452,415$846,687$712,986$1,200,861
59$1,555,207$842,820$691,515$1,248,700
60$1,667,054$837,334$667,897$1,300,154
61$1,788,836$830,106$642,014$1,355,598
62$1,921,519$821,003$613,744$1,415,451
63$2,066,168$809,887$582,958$1,480,173
64$2,223,954$796,608$549,524$1,550,276
65$2,396,166$781,010$513,302$1,626,329
66$2,584,223$762,927$474,145$1,708,958
67$2,789,686$742,183$431,902$1,798,860
68$3,014,275$718,592$386,412$1,896,805
69$3,259,884$691,956$337,509$2,003,643
70$3,528,597$662,066$285,021$2,120,320
71$3,822,709$628,702$228,764$2,247,879
72$4,144,747$591,631$168,550$2,387,474
73$4,497,496$550,605$104,180$2,540,384
74$4,884,019$505,363$35,449$2,708,021
75$5,307,692$455,630$0$2,891,949
76$5,772,234$401,112$0$3,098,749
77$6,281,738$341,503$0$3,330,637
78$6,840,715$276,477$0$3,585,213
79$7,454,132$205,688$0$3,864,843
80$8,127,461$128,774$0$4,172,141
81$8,866,730$45,352$0$4,509,993
82$9,678,577$0$0$4,881,585
83$10,570,317$0$0$5,311,228
84$11,550,007$0$0$5,806,370
85$12,626,523$0$0$6,350,548
86$13,809,644$0$0$6,948,717
87$15,110,142$0$0$7,606,339
88$16,539,887$0$0$8,329,426
89$18,111,953$0$0$9,124,606
90$19,840,748$0$0$9,999,181
91$21,742,143$0$0$10,961,194
92$23,833,627$0$0$12,019,508
93$26,134,465$0$0$13,183,889
94$28,665,889$0$0$14,465,096
95$31,451,287$0$0$15,874,984
96$34,516,432$0$0$17,426,616
97$37,889,722$0$0$19,134,384
98$41,602,444$0$0$21,014,148
99$45,689,075$0$0$23,083,382
100$50,187,602$0$0$25,361,340