Can I retire at age 50 with 791,000?

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 $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%15.6%
1 years$65,320$64,738$64,171$63,616$63,075$61,626
2 years$32,337$31,734$31,151$30,585$30,036$28,583
3 years$21,344$20,739$20,157$19,596$19,056$17,646
4 years$15,848$15,245$14,669$14,118$13,591$12,234
5 years$12,552$11,952$11,384$10,844$10,332$9,032
6 years$10,355$9,760$9,200$8,672$8,175$6,934
7 years$8,786$8,196$7,645$7,130$6,648$5,466
8 years$7,610$7,026$6,484$5,981$5,516$4,392
9 years$6,696$6,117$5,584$5,094$4,645$3,578
10 years$5,965$5,392$4,868$4,391$3,958$2,947
11 years$5,368$4,800$4,286$3,822$3,404$2,448
12 years$4,870$4,308$3,804$3,352$2,950$2,048
13 years$4,449$3,894$3,398$2,960$2,572$1,722
14 years$4,089$3,539$3,054$2,627$2,255$1,454
15 years$3,777$3,233$2,757$2,343$1,985$1,233
16 years$3,504$2,966$2,500$2,098$1,755$1,048
17 years$3,264$2,732$2,275$1,885$1,556$894
18 years$3,051$2,524$2,076$1,699$1,383$764
19 years$2,860$2,340$1,901$1,535$1,233$654
20 years$2,688$2,174$1,744$1,390$1,101$560
21 years$2,533$2,025$1,605$1,262$986$481
22 years$2,393$1,890$1,479$1,147$883$413
23 years$2,265$1,768$1,365$1,045$793$355
24 years$2,147$1,656$1,263$953$713$306
25 years$2,039$1,554$1,170$870$641$263
26 years$1,940$1,461$1,085$796$578$227
27 years$1,848$1,375$1,007$728$521$196
28 years$1,763$1,296$936$667$470$169
29 years$1,684$1,222$871$612$424$146
30 years$1,610$1,154$812$562$383$126
31 years$1,541$1,091$757$516$347$109
32 years$1,477$1,032$706$474$314$94
33 years$1,417$978$659$436$284$81
34 years$1,360$927$616$401$257$70
35 years$1,307$879$576$369$233$61
36 years$1,256$834$539$340$211$52
37 years$1,209$792$504$313$191$45
38 years$1,164$753$472$289$173$39
39 years$1,122$716$442$266$157$34
40 years$1,081$681$415$246$143$29
41 years$1,043$649$389$227$129$25
42 years$1,007$618$365$209$117$22
43 years$973$588$342$193$106$19
44 years$940$561$321$178$97$16
45 years$909$535$302$165$88$14
46 years$879$510$283$152$80$12
47 years$850$487$266$140$72$11
48 years$823$465$250$130$66$9
49 years$797$444$235$120$60$8
50 years$772$424$221$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $791,000, adding $5,106 every year, while hoping to spend $22,842 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: 80/15/5 Blend
49$791,000$791,000$791,000$791,000
50$876,949$835,026$822,765$946,549
51$942,094$851,638$826,024$1,009,443
52$1,013,118$868,299$828,627$1,074,883
53$1,090,597$884,987$830,527$1,145,984
54$1,175,165$901,678$831,676$1,223,298
55$1,267,518$918,346$832,023$1,307,434
56$1,368,424$934,965$831,516$1,399,060
57$1,478,729$951,504$830,097$1,498,915
58$1,599,363$967,931$827,709$1,607,811
59$1,731,350$984,212$824,289$1,726,642
60$1,875,819$1,000,309$819,774$1,856,394
61$2,034,012$1,016,184$814,096$1,998,153
62$2,207,296$1,031,792$807,183$2,153,114
63$2,397,178$1,047,088$798,962$2,322,594
64$2,605,318$1,062,023$789,355$2,508,044
65$2,833,542$1,076,544$778,280$2,711,063
66$3,083,864$1,090,594$765,652$2,933,411
67$3,358,499$1,104,114$751,382$3,177,030
68$3,659,889$1,117,039$735,377$3,444,057
69$3,990,724$1,129,301$717,539$3,736,846
70$4,353,966$1,140,825$697,765$4,057,993
71$4,752,880$1,151,534$675,949$4,410,358
72$5,191,058$1,161,344$651,978$4,797,090
73$5,672,463$1,170,166$625,735$5,221,661
74$6,201,456$1,177,906$597,100$5,687,897
75$6,782,844$1,184,463$565,942$6,200,012
76$7,421,922$1,189,730$532,129$6,762,651
77$8,124,524$1,193,593$495,521$7,380,931
78$8,897,076$1,195,930$455,972$8,060,493
79$9,746,660$1,196,613$413,329$8,807,550
80$10,681,077$1,195,504$367,434$9,628,952
81$11,708,923$1,192,460$318,119$10,532,244
82$12,839,668$1,187,326$265,211$11,525,743
83$14,083,747$1,179,937$208,528$12,618,612
84$15,452,657$1,170,121$147,881$13,820,952
85$16,959,064$1,157,694$83,072$15,143,889
86$18,616,928$1,142,460$13,894$16,599,689
87$20,441,627$1,124,213$0$18,201,867
88$22,450,107$1,102,734$0$19,968,512
89$24,661,041$1,077,791$0$21,913,840
90$27,095,002$1,049,137$0$24,055,208
91$29,774,661$1,016,513$0$26,412,562
92$32,724,997$979,644$0$29,007,881
93$35,973,538$938,238$0$31,865,386
94$39,550,614$891,986$0$35,011,768
95$43,489,646$840,563$0$38,476,440
96$47,827,464$783,624$0$42,291,817
97$52,604,647$720,804$0$46,493,618
98$57,865,915$651,717$0$51,121,205
99$63,660,543$575,956$0$56,217,956
100$70,042,831$493,090$0$61,831,674