Can I retire at age 50 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$65,568$64,984$64,414$63,858$63,315$61,659
2 years$32,459$31,855$31,269$30,701$30,150$28,493
3 years$21,425$20,817$20,233$19,670$19,128$17,522
4 years$15,908$15,303$14,724$14,171$13,642$12,100
5 years$12,599$11,998$11,427$10,885$10,371$8,895
6 years$10,394$9,797$9,235$8,705$8,206$6,799
7 years$8,820$8,228$7,674$7,157$6,674$5,336
8 years$7,639$7,053$6,508$6,004$5,536$4,267
9 years$6,722$6,141$5,605$5,114$4,663$3,460
10 years$5,988$5,413$4,887$4,408$3,973$2,836
11 years$5,388$4,818$4,302$3,836$3,417$2,344
12 years$4,889$4,325$3,818$3,365$2,961$1,950
13 years$4,466$3,908$3,411$2,971$2,582$1,631
14 years$4,105$3,553$3,065$2,637$2,263$1,370
15 years$3,791$3,245$2,767$2,352$1,993$1,155
16 years$3,518$2,978$2,509$2,106$1,761$976
17 years$3,276$2,742$2,283$1,892$1,562$828
18 years$3,062$2,534$2,084$1,705$1,389$703
19 years$2,871$2,348$1,908$1,541$1,238$598
20 years$2,699$2,182$1,751$1,395$1,105$509
21 years$2,543$2,033$1,611$1,266$989$435
22 years$2,402$1,897$1,484$1,151$887$371
23 years$2,273$1,775$1,371$1,049$796$317
24 years$2,155$1,663$1,268$956$715$271
25 years$2,047$1,560$1,174$873$644$232
26 years$1,947$1,467$1,089$799$580$199
27 years$1,855$1,380$1,011$731$523$170
28 years$1,770$1,301$940$670$472$146
29 years$1,690$1,227$875$614$426$125
30 years$1,616$1,159$815$564$385$107
31 years$1,547$1,095$760$518$348$92
32 years$1,483$1,036$709$476$315$79
33 years$1,422$981$662$438$285$68
34 years$1,365$930$618$403$258$58
35 years$1,312$882$578$371$234$50
36 years$1,261$837$541$341$212$43
37 years$1,213$795$506$314$192$37
38 years$1,168$756$474$290$174$32
39 years$1,126$719$444$267$158$27
40 years$1,086$684$416$247$143$23
41 years$1,047$651$390$227$130$20
42 years$1,011$620$366$210$118$17
43 years$976$591$344$194$107$15
44 years$943$563$322$179$97$13
45 years$912$537$303$165$88$11
46 years$882$512$284$153$80$9
47 years$854$489$267$141$73$8
48 years$826$467$251$130$66$7
49 years$800$446$236$120$60$6
50 years$775$426$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $794,000, adding $2,769 every year, while hoping to spend $46,030 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: 45/30/25 Blend
49$794,000$794,000$794,000$794,000
50$877,844$835,762$823,455$910,901
51$918,409$827,739$802,065$926,540
52$961,568$817,780$778,416$938,805
53$1,007,539$805,742$752,384$951,197
54$1,056,556$791,472$723,837$963,751
55$1,108,881$774,810$692,642$976,512
56$1,164,796$755,585$658,655$989,529
57$1,224,613$733,616$621,727$1,002,862
58$1,288,673$708,713$581,705$1,016,580
59$1,357,350$680,672$538,424$1,030,762
60$1,431,056$649,281$491,717$1,045,502
61$1,510,239$614,312$441,406$1,060,906
62$1,595,396$575,525$387,305$1,077,096
63$1,687,069$532,669$329,222$1,094,212
64$1,785,854$485,474$266,956$1,112,414
65$1,892,407$433,657$200,294$1,131,882
66$2,007,446$376,920$129,018$1,152,823
67$2,131,763$314,946$52,897$1,175,470
68$2,266,226$247,402$0$1,200,088
69$2,411,790$173,934$0$1,234,533
70$2,569,506$94,170$0$1,287,132
71$2,740,528$7,717$0$1,344,208
72$2,926,126$0$0$1,406,260
73$3,127,696$0$0$1,502,179
74$3,346,773$0$0$1,609,281
75$3,585,048$0$0$1,725,855
76$3,844,380$0$0$1,852,820
77$4,126,813$0$0$1,991,190
78$4,434,600$0$0$2,142,080
79$4,770,216$0$0$2,306,715
80$5,136,389$0$0$2,486,447
81$5,536,119$0$0$2,682,762
82$5,972,711$0$0$2,897,295
83$6,449,799$0$0$3,131,850
84$6,971,388$0$0$3,388,408
85$7,541,887$0$0$3,669,154
86$8,166,148$0$0$3,976,492
87$8,849,516$0$0$4,313,072
88$9,597,875$0$0$4,681,808
89$10,417,707$0$0$5,085,913
90$11,316,148$0$0$5,528,923
91$12,301,060$0$0$6,014,733
92$13,381,098$0$0$6,547,635
93$14,565,798$0$0$7,132,355
94$15,865,662$0$0$7,774,096
95$17,292,258$0$0$8,478,594
96$18,858,328$0$0$9,252,164
97$20,577,909$0$0$10,101,764
98$22,466,461$0$0$11,035,059
99$24,541,019$0$0$12,060,491
100$26,820,345$0$0$13,187,363