Can I retire at age 50 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$65,403$64,820$64,252$63,697$63,155$61,754
2 years$32,378$31,775$31,190$30,624$30,074$28,669
3 years$21,371$20,765$20,182$19,621$19,080$17,716
4 years$15,868$15,264$14,687$14,136$13,608$12,295
5 years$12,568$11,968$11,398$10,858$10,345$9,087
6 years$10,368$9,772$9,211$8,683$8,185$6,984
7 years$8,797$8,207$7,655$7,139$6,657$5,512
8 years$7,620$7,035$6,492$5,988$5,523$4,433
9 years$6,705$6,125$5,591$5,101$4,651$3,617
10 years$5,973$5,399$4,875$4,397$3,963$2,983
11 years$5,375$4,806$4,292$3,827$3,408$2,481
12 years$4,876$4,314$3,809$3,357$2,953$2,077
13 years$4,455$3,899$3,403$2,963$2,575$1,749
14 years$4,094$3,544$3,057$2,630$2,258$1,479
15 years$3,782$3,237$2,760$2,346$1,988$1,256
16 years$3,509$2,970$2,503$2,101$1,757$1,069
17 years$3,268$2,735$2,277$1,887$1,558$913
18 years$3,054$2,528$2,079$1,701$1,385$781
19 years$2,863$2,343$1,903$1,537$1,234$670
20 years$2,692$2,177$1,747$1,392$1,103$575
21 years$2,537$2,028$1,607$1,263$987$494
22 years$2,396$1,893$1,481$1,149$884$425
23 years$2,267$1,770$1,367$1,046$794$366
24 years$2,150$1,659$1,264$954$714$316
25 years$2,042$1,556$1,171$871$642$272
26 years$1,942$1,463$1,086$797$578$235
27 years$1,850$1,377$1,009$729$522$203
28 years$1,765$1,297$938$668$471$176
29 years$1,686$1,224$873$613$425$152
30 years$1,612$1,156$813$562$384$131
31 years$1,543$1,093$758$516$347$113
32 years$1,479$1,034$707$475$314$98
33 years$1,418$979$660$436$284$85
34 years$1,362$928$617$402$257$74
35 years$1,308$880$577$370$233$64
36 years$1,258$835$539$340$211$55
37 years$1,210$793$505$314$191$48
38 years$1,166$754$473$289$173$41
39 years$1,123$717$443$267$157$36
40 years$1,083$682$415$246$143$31
41 years$1,045$649$389$227$129$27
42 years$1,008$618$365$209$117$23
43 years$974$589$343$193$107$20
44 years$941$562$322$178$97$17
45 years$910$536$302$165$88$15
46 years$880$511$284$152$80$13
47 years$851$488$266$141$72$11
48 years$824$465$250$130$66$10
49 years$798$444$235$120$60$9
50 years$773$425$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 $792,000, adding $3,547 every year, while hoping to spend $28,056 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: 71/15/14 Blend
49$792,000$792,000$792,000$792,000
50$876,443$834,467$822,191$935,703
51$935,989$845,504$819,883$986,526
52$1,000,668$856,142$816,557$1,038,405
53$1,070,974$866,332$812,150$1,094,461
54$1,147,451$876,020$806,595$1,155,104
55$1,230,697$885,151$799,822$1,220,781
56$1,321,370$893,664$791,757$1,291,988
57$1,420,193$901,497$782,325$1,369,269
58$1,527,963$908,581$771,443$1,453,227
59$1,645,558$914,844$759,029$1,544,523
60$1,773,942$920,209$744,993$1,643,889
61$1,914,178$924,593$729,245$1,752,129
62$2,067,436$927,910$711,687$1,870,130
63$2,235,004$930,067$692,217$1,998,873
64$2,418,300$930,965$670,732$2,139,435
65$2,618,884$930,500$647,119$2,293,005
66$2,838,476$928,561$621,264$2,460,895
67$3,078,970$925,029$593,045$2,644,550
68$3,342,449$919,780$562,336$2,845,562
69$3,631,210$912,681$529,006$3,065,690
70$3,947,781$903,590$492,915$3,306,868
71$4,294,948$892,359$453,921$3,571,232
72$4,675,777$878,829$411,872$3,861,135
73$5,093,647$862,832$366,610$4,179,171
74$5,552,280$844,192$317,972$4,528,201
75$6,055,774$822,718$265,786$4,911,377
76$6,608,645$798,214$209,872$5,332,176
77$7,215,867$770,467$150,043$5,794,428
78$7,882,920$739,254$86,103$6,302,359
79$8,615,839$704,339$17,850$6,860,624
80$9,421,276$665,472$0$7,474,356
81$10,306,555$622,390$0$8,157,429
82$11,279,749$574,813$0$8,911,246
83$12,349,750$522,444$0$9,740,047
84$13,526,353$464,973$0$10,651,449
85$14,820,354$402,069$0$11,653,846
86$16,243,643$333,384$0$12,756,486
87$17,809,324$258,549$0$13,969,562
88$19,531,832$177,175$0$15,304,310
89$21,427,073$88,851$0$16,773,109
90$23,512,574$0$0$18,389,603
91$25,807,644$0$0$20,169,960
92$28,333,559$0$0$22,145,579
93$31,113,765$0$0$24,320,138
94$34,174,092$0$0$26,713,846
95$37,543,004$0$0$29,348,974
96$41,251,865$0$0$32,250,060
97$45,335,233$0$0$35,444,143
98$49,831,188$0$0$38,961,016
99$54,781,692$0$0$42,833,510
100$60,232,979$0$0$47,097,800