Can I retire at age 50 with 790,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$65,237$64,656$64,089$63,536$62,996$61,850
2 years$32,296$31,694$31,111$30,546$29,998$28,848
3 years$21,317$20,713$20,131$19,571$19,032$17,913
4 years$15,828$15,226$14,650$14,100$13,574$12,495
5 years$12,536$11,937$11,369$10,830$10,319$9,283
6 years$10,342$9,748$9,188$8,661$8,165$7,173
7 years$8,775$8,186$7,635$7,121$6,640$5,693
8 years$7,601$7,017$6,475$5,973$5,509$4,606
9 years$6,688$6,110$5,577$5,088$4,639$3,780
10 years$5,958$5,385$4,862$4,386$3,953$3,137
11 years$5,361$4,794$4,281$3,817$3,399$2,626
12 years$4,864$4,303$3,799$3,348$2,946$2,213
13 years$4,444$3,889$3,394$2,956$2,569$1,876
14 years$4,084$3,535$3,050$2,624$2,252$1,597
15 years$3,772$3,229$2,753$2,340$1,983$1,365
16 years$3,500$2,963$2,496$2,095$1,752$1,171
17 years$3,260$2,728$2,272$1,883$1,554$1,007
18 years$3,047$2,521$2,074$1,697$1,382$868
19 years$2,856$2,337$1,898$1,533$1,231$749
20 years$2,685$2,171$1,742$1,388$1,100$648
21 years$2,530$2,022$1,603$1,260$984$561
22 years$2,390$1,888$1,477$1,146$882$487
23 years$2,262$1,766$1,364$1,043$792$423
24 years$2,144$1,654$1,261$952$712$367
25 years$2,037$1,553$1,168$869$641$319
26 years$1,938$1,459$1,083$795$577$278
27 years$1,846$1,373$1,006$727$520$242
28 years$1,761$1,294$935$666$469$211
29 years$1,682$1,221$870$611$424$184
30 years$1,608$1,153$811$561$383$160
31 years$1,539$1,090$756$515$346$140
32 years$1,475$1,031$705$473$313$122
33 years$1,415$977$658$435$283$106
34 years$1,358$926$615$401$257$93
35 years$1,305$878$575$369$232$81
36 years$1,255$833$538$340$211$71
37 years$1,207$791$504$313$191$62
38 years$1,163$752$472$288$173$54
39 years$1,120$715$442$266$157$47
40 years$1,080$680$414$245$142$41
41 years$1,042$648$388$226$129$36
42 years$1,006$617$364$209$117$31
43 years$971$588$342$193$106$27
44 years$939$560$321$178$97$24
45 years$907$534$301$164$88$21
46 years$878$510$283$152$80$18
47 years$849$486$266$140$72$16
48 years$822$464$250$130$66$14
49 years$796$443$235$120$60$12
50 years$771$424$221$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $790,000, adding $2,946 every year, while hoping to spend $24,061 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: 45/29/26 Blend
49$790,000$790,000$790,000$790,000
50$873,619$831,749$819,504$906,254
51$937,127$846,904$821,356$944,827
52$1,006,307$861,995$822,465$984,077
53$1,081,711$876,994$822,778$1,026,174
54$1,163,949$891,869$822,244$1,071,397
55$1,253,690$906,589$820,808$1,120,052
56$1,351,671$921,117$818,410$1,172,479
57$1,458,705$935,415$814,990$1,229,052
58$1,575,685$949,442$810,484$1,290,186
59$1,703,595$963,155$804,825$1,356,336
60$1,843,518$976,506$797,943$1,428,008
61$1,996,647$989,445$789,765$1,505,757
62$2,164,296$1,001,919$780,213$1,590,197
63$2,347,910$1,013,869$769,206$1,682,008
64$2,549,084$1,025,235$756,661$1,781,937
65$2,769,570$1,035,951$742,489$1,890,810
66$3,011,301$1,045,948$726,597$2,009,541
67$3,276,404$1,055,150$708,889$2,139,135
68$3,567,223$1,063,478$689,262$2,280,703
69$3,886,340$1,070,848$667,612$2,435,472
70$4,236,597$1,077,170$643,828$2,604,793
71$4,621,126$1,082,349$617,793$2,790,161
72$5,043,379$1,086,281$589,386$2,993,222
73$5,507,154$1,088,859$558,481$3,215,794
74$6,016,638$1,089,968$524,945$3,459,884
75$6,576,445$1,089,486$488,640$3,727,703
76$7,191,654$1,087,283$449,421$4,021,693
77$7,867,863$1,083,220$407,138$4,344,548
78$8,611,240$1,077,152$361,631$4,699,239
79$9,428,578$1,068,924$312,737$5,089,043
80$10,327,362$1,058,371$260,284$5,517,578
81$11,315,841$1,045,319$204,091$5,988,830
82$12,403,099$1,029,582$143,970$6,507,200
83$13,599,149$1,010,965$79,727$7,077,540
84$14,915,020$989,260$11,156$7,705,202
85$16,362,866$964,248$0$8,396,088
86$17,956,077$935,695$0$9,173,914
87$19,709,408$903,355$0$10,033,076
88$21,639,116$866,968$0$10,978,456
89$23,763,113$826,257$0$12,018,854
90$26,101,138$780,931$0$13,163,968
91$28,674,938$730,680$0$14,424,489
92$31,508,478$675,180$0$15,812,200
93$34,628,162$614,083$0$17,340,090
94$38,063,088$547,026$0$19,022,477
95$41,845,315$473,624$0$20,875,143
96$46,010,174$393,468$0$22,915,481
97$50,596,592$306,128$0$25,162,665
98$55,647,467$211,150$0$27,637,829
99$61,210,066$108,054$0$30,364,267
100$67,336,477$0$0$33,367,653