Can I retire at age 50 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$65,320$64,738$64,171$63,616$63,075$61,302
2 years$32,337$31,734$31,151$30,585$30,036$28,263
3 years$21,344$20,739$20,157$19,596$19,056$17,339
4 years$15,848$15,245$14,669$14,118$13,591$11,943
5 years$12,552$11,952$11,384$10,844$10,332$8,757
6 years$10,355$9,760$9,200$8,672$8,175$6,675
7 years$8,786$8,196$7,645$7,130$6,648$5,224
8 years$7,610$7,026$6,484$5,981$5,516$4,165
9 years$6,696$6,117$5,584$5,094$4,645$3,367
10 years$5,965$5,392$4,868$4,391$3,958$2,751
11 years$5,368$4,800$4,286$3,822$3,404$2,266
12 years$4,870$4,308$3,804$3,352$2,950$1,879
13 years$4,449$3,894$3,398$2,960$2,572$1,566
14 years$4,089$3,539$3,054$2,627$2,255$1,311
15 years$3,777$3,233$2,757$2,343$1,985$1,102
16 years$3,504$2,966$2,500$2,098$1,755$928
17 years$3,264$2,732$2,275$1,885$1,556$784
18 years$3,051$2,524$2,076$1,699$1,383$663
19 years$2,860$2,340$1,901$1,535$1,233$562
20 years$2,688$2,174$1,744$1,390$1,101$477
21 years$2,533$2,025$1,605$1,262$986$405
22 years$2,393$1,890$1,479$1,147$883$345
23 years$2,265$1,768$1,365$1,045$793$294
24 years$2,147$1,656$1,263$953$713$250
25 years$2,039$1,554$1,170$870$641$213
26 years$1,940$1,461$1,085$796$578$182
27 years$1,848$1,375$1,007$728$521$155
28 years$1,763$1,296$936$667$470$132
29 years$1,684$1,222$871$612$424$113
30 years$1,610$1,154$812$562$383$97
31 years$1,541$1,091$757$516$347$83
32 years$1,477$1,032$706$474$314$71
33 years$1,417$978$659$436$284$60
34 years$1,360$927$616$401$257$52
35 years$1,307$879$576$369$233$44
36 years$1,256$834$539$340$211$38
37 years$1,209$792$504$313$191$32
38 years$1,164$753$472$289$173$28
39 years$1,122$716$442$266$157$24
40 years$1,081$681$415$246$143$20
41 years$1,043$649$389$227$129$17
42 years$1,007$618$365$209$117$15
43 years$973$588$342$193$106$13
44 years$940$561$321$178$97$11
45 years$909$535$302$165$88$9
46 years$879$510$283$152$80$8
47 years$850$487$266$140$72$7
48 years$823$465$250$130$66$6
49 years$797$444$235$120$60$5
50 years$772$424$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $791,000, adding $3,137 every year, while hoping to spend $34,583 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: 45/50/5 Blend
49$791,000$791,000$791,000$791,000
50$874,918$832,995$820,734$912,956
51$927,363$837,016$811,433$943,477
52$983,999$840,074$800,661$972,694
53$1,045,217$842,087$788,332$1,003,556
54$1,111,445$842,965$774,357$1,036,226
55$1,183,156$842,615$758,642$1,070,884
56$1,260,870$840,935$741,089$1,107,728
57$1,345,157$837,819$721,593$1,146,982
58$1,436,645$833,154$700,049$1,188,892
59$1,536,025$826,820$676,343$1,233,731
60$1,644,056$818,691$650,357$1,281,804
61$1,761,574$808,631$621,968$1,333,448
62$1,889,498$796,498$591,048$1,389,038
63$2,028,840$782,140$557,461$1,448,989
64$2,180,714$765,397$521,068$1,513,762
65$2,346,344$746,098$481,721$1,583,867
66$2,527,079$724,065$439,266$1,659,872
67$2,724,403$699,106$393,544$1,742,405
68$2,939,950$671,021$344,386$1,832,161
69$3,175,520$639,595$291,617$1,929,912
70$3,433,092$604,605$235,056$2,036,513
71$3,714,847$565,810$174,509$2,152,909
72$4,023,185$522,959$109,780$2,280,149
73$4,360,751$475,785$40,659$2,419,394
74$4,730,456$424,006$0$2,571,928
75$5,135,505$367,325$0$2,740,939
76$5,579,430$305,427$0$2,928,665
77$6,066,117$237,979$0$3,134,689
78$6,599,851$164,630$0$3,360,949
79$7,185,348$85,009$0$3,609,590
80$7,827,804$0$0$3,882,984
81$8,532,940$0$0$4,184,453
82$9,307,062$0$0$4,566,858
83$10,157,113$0$0$4,986,870
84$11,090,742$0$0$5,448,281
85$12,116,375$0$0$5,955,266
86$13,243,296$0$0$6,512,429
87$14,481,731$0$0$7,124,839
88$15,842,946$0$0$7,798,081
89$17,339,354$0$0$8,538,309
90$18,984,629$0$0$9,352,302
91$20,793,837$0$0$10,247,530
92$22,783,576$0$0$11,232,222
93$24,972,135$0$0$12,315,444
94$27,379,663$0$0$13,507,188
95$30,028,361$0$0$14,818,460
96$32,942,689$0$0$16,261,388
97$36,149,598$0$0$17,849,335
98$39,678,785$0$0$19,597,025
99$43,562,970$0$0$21,520,683
100$47,838,206$0$0$23,638,183