Can I retire at age 50 with 793,000?

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 $793,000?

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$65,485$64,902$64,333$63,777$63,235$61,457
2 years$32,418$31,815$31,230$30,662$30,112$28,334
3 years$21,398$20,791$20,208$19,646$19,104$17,383
4 years$15,888$15,284$14,706$14,154$13,625$11,973
5 years$12,584$11,983$11,412$10,871$10,358$8,779
6 years$10,381$9,785$9,223$8,694$8,196$6,692
7 years$8,809$8,217$7,664$7,148$6,665$5,237
8 years$7,630$7,044$6,500$5,996$5,530$4,175
9 years$6,713$6,133$5,598$5,107$4,657$3,376
10 years$5,981$5,406$4,881$4,403$3,968$2,758
11 years$5,381$4,812$4,297$3,832$3,412$2,272
12 years$4,883$4,319$3,813$3,361$2,957$1,884
13 years$4,461$3,903$3,407$2,967$2,579$1,570
14 years$4,100$3,548$3,061$2,634$2,260$1,315
15 years$3,787$3,241$2,764$2,349$1,990$1,104
16 years$3,513$2,974$2,506$2,103$1,759$930
17 years$3,272$2,739$2,280$1,890$1,560$786
18 years$3,058$2,531$2,082$1,703$1,387$665
19 years$2,867$2,345$1,906$1,539$1,236$564
20 years$2,695$2,180$1,749$1,394$1,104$478
21 years$2,540$2,030$1,609$1,265$988$406
22 years$2,399$1,895$1,483$1,150$886$346
23 years$2,270$1,772$1,369$1,047$795$294
24 years$2,153$1,661$1,266$955$715$251
25 years$2,044$1,558$1,173$872$643$214
26 years$1,945$1,465$1,088$798$579$182
27 years$1,853$1,378$1,010$730$522$156
28 years$1,767$1,299$939$669$471$133
29 years$1,688$1,225$874$613$425$113
30 years$1,614$1,157$814$563$384$97
31 years$1,545$1,094$759$517$348$83
32 years$1,481$1,035$708$475$314$71
33 years$1,420$980$661$437$285$60
34 years$1,363$929$617$402$258$52
35 years$1,310$881$577$370$233$44
36 years$1,259$836$540$341$211$38
37 years$1,212$794$505$314$192$32
38 years$1,167$755$473$289$174$28
39 years$1,124$718$443$267$158$24
40 years$1,084$683$416$246$143$20
41 years$1,046$650$390$227$130$17
42 years$1,010$619$366$210$118$15
43 years$975$590$343$194$107$13
44 years$942$562$322$179$97$11
45 years$911$536$302$165$88$9
46 years$881$512$284$152$80$8
47 years$852$488$267$141$73$7
48 years$825$466$251$130$66$6
49 years$799$445$236$120$60$5
50 years$774$425$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $793,000, adding $5,071 every year, while hoping to spend $35,119 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: 38/34/28 Blend
49$793,000$793,000$793,000$793,000
50$879,117$837,088$824,796$905,035
51$931,420$840,739$815,061$928,183
52$987,882$843,392$803,822$949,597
53$1,048,888$844,960$790,992$972,070
54$1,114,865$845,353$776,481$995,720
55$1,186,280$844,474$760,191$1,020,682
56$1,263,646$842,219$742,023$1,047,104
57$1,347,529$838,479$721,872$1,075,155
58$1,438,551$833,138$699,629$1,105,022
59$1,537,394$826,073$675,177$1,136,912
60$1,644,811$817,153$648,398$1,171,061
61$1,761,628$806,240$619,166$1,207,729
62$1,888,756$793,188$587,350$1,247,207
63$2,027,195$777,840$552,812$1,289,818
64$2,178,047$760,033$515,410$1,335,925
65$2,342,525$739,591$474,993$1,385,929
66$2,521,962$716,331$431,405$1,440,279
67$2,717,827$690,056$384,482$1,499,471
68$2,931,738$660,561$334,055$1,564,061
69$3,165,473$627,626$279,943$1,634,664
70$3,420,992$591,021$221,962$1,711,965
71$3,700,453$550,500$159,917$1,796,722
72$4,006,229$505,805$93,605$1,889,781
73$4,340,937$456,663$22,814$1,992,077
74$4,707,457$402,783$0$2,104,649
75$5,108,960$343,862$0$2,244,405
76$5,548,938$279,575$0$2,405,165
77$6,031,239$209,583$0$2,581,596
78$6,560,097$133,525$0$2,775,342
79$7,140,180$51,021$0$2,988,221
80$7,776,627$0$0$3,222,241
81$8,475,097$0$0$3,493,962
82$9,241,828$0$0$3,813,303
83$10,083,686$0$0$4,164,050
84$11,008,238$0$0$4,549,370
85$12,023,819$0$0$4,972,751
86$13,139,611$0$0$5,438,036
87$14,365,728$0$0$5,949,460
88$15,713,315$0$0$6,511,685
89$17,194,647$0$0$7,129,853
90$18,823,250$0$0$7,809,623
91$20,614,025$0$0$8,557,235
92$22,583,390$0$0$9,379,561
93$24,749,432$0$0$10,284,173
94$27,132,080$0$0$11,279,414
95$29,753,292$0$0$12,374,476
96$32,637,260$0$0$13,579,489
97$35,810,640$0$0$14,905,611
98$39,302,804$0$0$16,365,140
99$43,146,111$0$0$17,971,625
100$47,376,220$0$0$19,739,994