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%12.3%
1 years$65,320$64,738$64,171$63,616$63,075$62,469
2 years$32,337$31,734$31,151$30,585$30,036$29,425
3 years$21,344$20,739$20,157$19,596$19,056$18,459
4 years$15,848$15,245$14,669$14,118$13,591$13,013
5 years$12,552$11,952$11,384$10,844$10,332$9,775
6 years$10,355$9,760$9,200$8,672$8,175$7,640
7 years$8,786$8,196$7,645$7,130$6,648$6,135
8 years$7,610$7,026$6,484$5,981$5,516$5,024
9 years$6,696$6,117$5,584$5,094$4,645$4,174
10 years$5,965$5,392$4,868$4,391$3,958$3,508
11 years$5,368$4,800$4,286$3,822$3,404$2,975
12 years$4,870$4,308$3,804$3,352$2,950$2,542
13 years$4,449$3,894$3,398$2,960$2,572$2,184
14 years$4,089$3,539$3,054$2,627$2,255$1,886
15 years$3,777$3,233$2,757$2,343$1,985$1,636
16 years$3,504$2,966$2,500$2,098$1,755$1,423
17 years$3,264$2,732$2,275$1,885$1,556$1,242
18 years$3,051$2,524$2,076$1,699$1,383$1,087
19 years$2,860$2,340$1,901$1,535$1,233$953
20 years$2,688$2,174$1,744$1,390$1,101$837
21 years$2,533$2,025$1,605$1,262$986$737
22 years$2,393$1,890$1,479$1,147$883$649
23 years$2,265$1,768$1,365$1,045$793$573
24 years$2,147$1,656$1,263$953$713$506
25 years$2,039$1,554$1,170$870$641$447
26 years$1,940$1,461$1,085$796$578$396
27 years$1,848$1,375$1,007$728$521$350
28 years$1,763$1,296$936$667$470$311
29 years$1,684$1,222$871$612$424$275
30 years$1,610$1,154$812$562$383$244
31 years$1,541$1,091$757$516$347$217
32 years$1,477$1,032$706$474$314$192
33 years$1,417$978$659$436$284$171
34 years$1,360$927$616$401$257$152
35 years$1,307$879$576$369$233$135
36 years$1,256$834$539$340$211$120
37 years$1,209$792$504$313$191$107
38 years$1,164$753$472$289$173$95
39 years$1,122$716$442$266$157$84
40 years$1,081$681$415$246$143$75
41 years$1,043$649$389$227$129$67
42 years$1,007$618$365$209$117$59
43 years$973$588$342$193$106$53
44 years$940$561$321$178$97$47
45 years$909$535$302$165$88$42
46 years$879$510$283$152$80$37
47 years$850$487$266$140$72$33
48 years$823$465$250$130$66$29
49 years$797$444$235$120$60$26
50 years$772$424$221$111$54$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $791,000, adding $5,832 every year, while hoping to spend $44,070 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: 43/41/16 Blend
49$791,000$791,000$791,000$791,000
50$877,698$835,775$823,514$911,124
51$920,333$829,838$804,212$929,248
52$965,839$822,132$782,786$944,057
53$1,014,464$812,526$759,118$959,159
54$1,066,477$800,878$733,086$974,600
55$1,122,175$787,037$704,561$990,436
56$1,181,881$770,847$673,409$1,006,730
57$1,245,953$752,138$639,488$1,023,554
58$1,314,780$730,733$602,651$1,040,995
59$1,388,793$706,444$562,745$1,059,149
60$1,468,463$679,073$519,610$1,078,127
61$1,554,306$648,407$473,076$1,098,056
62$1,646,891$614,225$422,970$1,119,081
63$1,746,842$576,290$369,108$1,141,366
64$1,854,845$534,353$311,298$1,165,097
65$1,971,654$488,151$249,341$1,190,485
66$2,098,097$437,405$183,029$1,217,768
67$2,235,085$381,820$112,143$1,247,217
68$2,383,620$321,086$36,456$1,279,133
69$2,544,804$254,873$0$1,313,859
70$2,719,846$182,835$0$1,359,343
71$2,910,081$104,604$0$1,415,585
72$3,116,973$19,793$0$1,476,883
73$3,342,134$0$0$1,543,824
74$3,587,341$0$0$1,649,550
75$3,854,543$0$0$1,774,581
76$4,145,892$0$0$1,911,003
77$4,463,750$0$0$2,059,936
78$4,810,722$0$0$2,222,612
79$5,189,673$0$0$2,400,386
80$5,603,757$0$0$2,594,752
81$6,056,446$0$0$2,807,353
82$6,551,565$0$0$3,040,000
83$7,093,323$0$0$3,294,684
84$7,686,355$0$0$3,573,602
85$8,335,767$0$0$3,879,169
86$9,047,178$0$0$4,214,048
87$9,826,780$0$0$4,581,169
88$10,681,390$0$0$4,983,761
89$11,618,517$0$0$5,425,380
90$12,646,432$0$0$5,909,943
91$13,774,243$0$0$6,441,762
92$15,011,983$0$0$7,025,591
93$16,370,705$0$0$7,666,663
94$17,862,584$0$0$8,370,746
95$19,501,028$0$0$9,144,190
96$21,300,813$0$0$9,993,994
97$23,278,212$0$0$10,927,867
98$25,451,155$0$0$11,954,301
99$27,839,392$0$0$13,082,653
100$30,464,684$0$0$14,323,230