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%19.3%
1 years$65,403$64,820$64,252$63,697$63,155$60,794
2 years$32,378$31,775$31,190$30,624$30,074$27,722
3 years$21,371$20,765$20,182$19,621$19,080$16,811
4 years$15,868$15,264$14,687$14,136$13,608$11,440
5 years$12,568$11,968$11,398$10,858$10,345$8,283
6 years$10,368$9,772$9,211$8,683$8,185$6,231
7 years$8,797$8,207$7,655$7,139$6,657$4,810
8 years$7,620$7,035$6,492$5,988$5,523$3,781
9 years$6,705$6,125$5,591$5,101$4,651$3,012
10 years$5,973$5,399$4,875$4,397$3,963$2,424
11 years$5,375$4,806$4,292$3,827$3,408$1,966
12 years$4,876$4,314$3,809$3,357$2,953$1,605
13 years$4,455$3,899$3,403$2,963$2,575$1,316
14 years$4,094$3,544$3,057$2,630$2,258$1,083
15 years$3,782$3,237$2,760$2,346$1,988$895
16 years$3,509$2,970$2,503$2,101$1,757$741
17 years$3,268$2,735$2,277$1,887$1,558$615
18 years$3,054$2,528$2,079$1,701$1,385$511
19 years$2,863$2,343$1,903$1,537$1,234$425
20 years$2,692$2,177$1,747$1,392$1,103$354
21 years$2,537$2,028$1,607$1,263$987$296
22 years$2,396$1,893$1,481$1,149$884$247
23 years$2,267$1,770$1,367$1,046$794$206
24 years$2,150$1,659$1,264$954$714$172
25 years$2,042$1,556$1,171$871$642$144
26 years$1,942$1,463$1,086$797$578$121
27 years$1,850$1,377$1,009$729$522$101
28 years$1,765$1,297$938$668$471$84
29 years$1,686$1,224$873$613$425$71
30 years$1,612$1,156$813$562$384$59
31 years$1,543$1,093$758$516$347$50
32 years$1,479$1,034$707$475$314$42
33 years$1,418$979$660$436$284$35
34 years$1,362$928$617$402$257$29
35 years$1,308$880$577$370$233$24
36 years$1,258$835$539$340$211$20
37 years$1,210$793$505$314$191$17
38 years$1,166$754$473$289$173$14
39 years$1,123$717$443$267$157$12
40 years$1,083$682$415$246$143$10
41 years$1,045$649$389$227$129$8
42 years$1,008$618$365$209$117$7
43 years$974$589$343$193$107$6
44 years$941$562$322$178$97$5
45 years$910$536$302$165$88$4
46 years$880$511$284$152$80$4
47 years$851$488$266$141$72$3
48 years$824$465$250$130$66$2
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $792,000, adding $3,696 every year, while hoping to spend $45,905 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: 30/44/26 Blend
49$792,000$792,000$792,000$792,000
50$876,596$834,620$822,344$895,770
51$917,167$826,674$801,050$902,998
52$960,337$816,800$777,504$906,480
53$1,006,323$804,855$751,583$909,300
54$1,055,363$790,688$723,156$911,435
55$1,107,716$774,138$692,088$912,859
56$1,163,668$755,036$658,237$913,549
57$1,223,530$733,200$621,456$913,487
58$1,287,644$708,442$581,590$912,657
59$1,356,387$680,559$538,476$911,044
60$1,430,170$649,337$491,946$908,644
61$1,509,445$614,552$441,824$905,452
62$1,594,708$575,965$387,925$901,474
63$1,686,504$533,323$330,056$896,721
64$1,785,430$486,359$268,016$891,215
65$1,892,145$434,791$201,595$884,985
66$2,007,369$378,321$130,574$878,075
67$2,131,896$316,634$54,724$870,539
68$2,266,598$249,398$0$862,448
69$2,412,433$176,261$0$861,164
70$2,570,454$96,850$0$876,195
71$2,741,820$10,776$0$892,543
72$2,927,805$0$0$910,440
73$3,129,809$0$0$970,029
74$3,349,373$0$0$1,040,580
75$3,588,194$0$0$1,117,432
76$3,848,135$0$0$1,201,200
77$4,131,249$0$0$1,292,562
78$4,439,795$0$0$1,392,260
79$4,776,259$0$0$1,501,116
80$5,143,375$0$0$1,620,030
81$5,544,155$0$0$1,749,996
82$5,981,914$0$0$1,892,108
83$6,460,300$0$0$2,047,569
84$6,983,330$0$0$2,217,704
85$7,555,429$0$0$2,403,974
86$8,181,465$0$0$2,607,985
87$8,866,801$0$0$2,831,508
88$9,617,343$0$0$3,076,491
89$10,439,592$0$0$3,345,083
90$11,340,712$0$0$3,639,646
91$12,328,589$0$0$3,962,786
92$13,411,909$0$0$4,317,371
93$14,600,241$0$0$4,706,560
94$15,904,123$0$0$5,133,835
95$17,335,163$0$0$5,603,028
96$18,906,146$0$0$6,118,364
97$20,631,158$0$0$6,684,495
98$22,525,713$0$0$7,306,546
99$24,606,904$0$0$7,990,163
100$26,893,559$0$0$8,741,567