Can I retire at age 50 with 794,000?

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 $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%13.6%
1 years$65,568$64,984$64,414$63,858$63,315$62,369
2 years$32,459$31,855$31,269$30,701$30,150$29,199
3 years$21,425$20,817$20,233$19,670$19,128$18,202
4 years$15,908$15,303$14,724$14,171$13,642$12,748
5 years$12,599$11,998$11,427$10,885$10,371$9,510
6 years$10,394$9,797$9,235$8,705$8,206$7,381
7 years$8,820$8,228$7,674$7,157$6,674$5,884
8 years$7,639$7,053$6,508$6,004$5,536$4,783
9 years$6,722$6,141$5,605$5,114$4,663$3,944
10 years$5,988$5,413$4,887$4,408$3,973$3,289
11 years$5,388$4,818$4,302$3,836$3,417$2,767
12 years$4,889$4,325$3,818$3,365$2,961$2,344
13 years$4,466$3,908$3,411$2,971$2,582$1,997
14 years$4,105$3,553$3,065$2,637$2,263$1,710
15 years$3,791$3,245$2,767$2,352$1,993$1,470
16 years$3,518$2,978$2,509$2,106$1,761$1,267
17 years$3,276$2,742$2,283$1,892$1,562$1,096
18 years$3,062$2,534$2,084$1,705$1,389$950
19 years$2,871$2,348$1,908$1,541$1,238$825
20 years$2,699$2,182$1,751$1,395$1,105$718
21 years$2,543$2,033$1,611$1,266$989$626
22 years$2,402$1,897$1,484$1,151$887$546
23 years$2,273$1,775$1,371$1,049$796$477
24 years$2,155$1,663$1,268$956$715$417
25 years$2,047$1,560$1,174$873$644$365
26 years$1,947$1,467$1,089$799$580$320
27 years$1,855$1,380$1,011$731$523$280
28 years$1,770$1,301$940$670$472$246
29 years$1,690$1,227$875$614$426$215
30 years$1,616$1,159$815$564$385$189
31 years$1,547$1,095$760$518$348$166
32 years$1,483$1,036$709$476$315$146
33 years$1,422$981$662$438$285$128
34 years$1,365$930$618$403$258$113
35 years$1,312$882$578$371$234$99
36 years$1,261$837$541$341$212$87
37 years$1,213$795$506$314$192$76
38 years$1,168$756$474$290$174$67
39 years$1,126$719$444$267$158$59
40 years$1,086$684$416$247$143$52
41 years$1,047$651$390$227$130$46
42 years$1,011$620$366$210$118$40
43 years$976$591$344$194$107$35
44 years$943$563$322$179$97$31
45 years$912$537$303$165$88$27
46 years$882$512$284$153$80$24
47 years$854$489$267$141$73$21
48 years$826$467$251$130$66$19
49 years$800$446$236$120$60$16
50 years$775$426$222$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $794,000, adding $2,848 every year, while hoping to spend $59,343 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: 68/5/27 Blend
49$794,000$794,000$794,000$794,000
50$877,926$835,844$823,537$931,289
51$904,334$813,660$787,985$945,336
52$931,446$788,399$749,253$953,681
53$959,273$759,850$707,172$961,459
54$987,821$727,785$661,565$968,616
55$1,017,099$691,967$612,247$975,091
56$1,047,112$652,142$559,026$980,823
57$1,077,863$608,042$501,699$985,745
58$1,109,355$559,386$440,056$989,784
59$1,141,588$505,875$373,877$992,865
60$1,174,560$447,193$302,931$994,904
61$1,208,265$383,006$226,980$995,814
62$1,242,697$312,962$145,772$995,500
63$1,277,843$236,688$59,047$993,862
64$1,313,688$153,791$0$990,792
65$1,350,213$63,855$0$995,827
66$1,387,393$0$0$1,017,970
67$1,425,198$0$0$1,041,993
68$1,463,592$0$0$1,069,945
69$1,502,534$0$0$1,098,282
70$1,541,971$0$0$1,126,963
71$1,581,845$0$0$1,155,945
72$1,622,088$0$0$1,185,174
73$1,662,622$0$0$1,214,592
74$1,703,354$0$0$1,244,129
75$1,744,183$0$0$1,273,707
76$1,784,989$0$0$1,303,237
77$1,825,639$0$0$1,332,615
78$1,865,980$0$0$1,361,729
79$1,905,841$0$0$1,390,448
80$1,945,029$0$0$1,418,625
81$1,983,324$0$0$1,446,097
82$2,020,482$0$0$1,472,678
83$2,056,229$0$0$1,498,161
84$2,090,256$0$0$1,522,314
85$2,122,218$0$0$1,544,879
86$2,151,732$0$0$1,565,564
87$2,178,368$0$0$1,584,048
88$2,201,645$0$0$1,599,969
89$2,221,031$0$0$1,612,925
90$2,235,931$0$0$1,622,471
91$2,245,685$0$0$1,628,109
92$2,249,556$0$0$1,629,286
93$2,246,728$0$0$1,625,389
94$2,236,296$0$0$1,615,737
95$2,217,251$0$0$1,599,575
96$2,188,480$0$0$1,576,063
97$2,148,743$0$0$1,544,273
98$2,096,669$0$0$1,503,175
99$2,030,740$0$0$1,451,629
100$1,949,273$0$0$1,388,372