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%19.2%
1 years$65,568$64,984$64,414$63,858$63,315$60,971
2 years$32,459$31,855$31,269$30,701$30,150$27,815
3 years$21,425$20,817$20,233$19,670$19,128$16,876
4 years$15,908$15,303$14,724$14,171$13,642$11,490
5 years$12,599$11,998$11,427$10,885$10,371$8,323
6 years$10,394$9,797$9,235$8,705$8,206$6,265
7 years$8,820$8,228$7,674$7,157$6,674$4,839
8 years$7,639$7,053$6,508$6,004$5,536$3,806
9 years$6,722$6,141$5,605$5,114$4,663$3,034
10 years$5,988$5,413$4,887$4,408$3,973$2,443
11 years$5,388$4,818$4,302$3,836$3,417$1,983
12 years$4,889$4,325$3,818$3,365$2,961$1,620
13 years$4,466$3,908$3,411$2,971$2,582$1,329
14 years$4,105$3,553$3,065$2,637$2,263$1,095
15 years$3,791$3,245$2,767$2,352$1,993$905
16 years$3,518$2,978$2,509$2,106$1,761$750
17 years$3,276$2,742$2,283$1,892$1,562$623
18 years$3,062$2,534$2,084$1,705$1,389$518
19 years$2,871$2,348$1,908$1,541$1,238$431
20 years$2,699$2,182$1,751$1,395$1,105$360
21 years$2,543$2,033$1,611$1,266$989$300
22 years$2,402$1,897$1,484$1,151$887$251
23 years$2,273$1,775$1,371$1,049$796$210
24 years$2,155$1,663$1,268$956$715$175
25 years$2,047$1,560$1,174$873$644$147
26 years$1,947$1,467$1,089$799$580$123
27 years$1,855$1,380$1,011$731$523$103
28 years$1,770$1,301$940$670$472$86
29 years$1,690$1,227$875$614$426$72
30 years$1,616$1,159$815$564$385$61
31 years$1,547$1,095$760$518$348$51
32 years$1,483$1,036$709$476$315$43
33 years$1,422$981$662$438$285$36
34 years$1,365$930$618$403$258$30
35 years$1,312$882$578$371$234$25
36 years$1,261$837$541$341$212$21
37 years$1,213$795$506$314$192$18
38 years$1,168$756$474$290$174$15
39 years$1,126$719$444$267$158$12
40 years$1,086$684$416$247$143$10
41 years$1,047$651$390$227$130$9
42 years$1,011$620$366$210$118$7
43 years$976$591$344$194$107$6
44 years$943$563$322$179$97$5
45 years$912$537$303$165$88$4
46 years$882$512$284$153$80$4
47 years$854$489$267$141$73$3
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$2
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $794,000, adding $4,557 every year, while hoping to spend $21,699 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: 37/47/16 Blend
49$794,000$794,000$794,000$794,000
50$879,689$837,607$825,300$907,810
51$946,329$855,562$829,860$946,426
52$1,019,040$873,669$833,845$985,708
53$1,098,417$891,914$837,214$1,027,675
54$1,185,117$910,279$839,922$1,072,580
55$1,279,862$928,746$841,922$1,120,699
56$1,383,447$947,294$843,166$1,172,340
57$1,496,749$965,902$843,603$1,227,841
58$1,620,732$984,546$843,178$1,287,573
59$1,756,458$1,003,199$841,835$1,351,948
60$1,905,096$1,021,835$839,516$1,421,420
61$2,067,933$1,040,422$836,157$1,496,487
62$2,246,387$1,058,929$831,694$1,577,702
63$2,442,022$1,077,319$826,058$1,665,673
64$2,656,556$1,095,555$819,179$1,761,070
65$2,891,883$1,113,597$810,980$1,864,634
66$3,150,092$1,131,399$801,385$1,977,181
67$3,433,480$1,148,916$790,310$2,099,611
68$3,744,579$1,166,097$777,669$2,232,918
69$4,086,178$1,182,888$763,373$2,378,197
70$4,461,349$1,199,230$747,326$2,536,657
71$4,873,476$1,215,062$729,432$2,709,631
72$5,326,288$1,230,318$709,585$2,898,590
73$5,823,892$1,244,926$687,679$3,105,155
74$6,370,813$1,258,811$663,600$3,331,115
75$6,972,035$1,271,892$637,230$3,578,445
76$7,633,052$1,284,084$608,446$3,849,320
77$8,359,912$1,295,293$577,118$4,146,141
78$9,159,284$1,305,424$543,113$4,471,556
79$10,038,512$1,314,370$506,287$4,828,485
80$11,005,687$1,322,021$466,495$5,220,148
81$12,069,727$1,328,260$423,583$5,650,097
82$13,240,455$1,332,960$377,388$6,122,251
83$14,528,695$1,335,989$327,744$6,640,927
84$15,946,373$1,337,204$274,475$7,210,892
85$17,506,631$1,336,455$217,398$7,837,397
86$19,223,947$1,333,581$156,321$8,526,238
87$21,114,277$1,328,413$91,044$9,283,801
88$23,195,199$1,320,771$21,360$10,117,132
89$25,486,083$1,310,463$0$11,033,999
90$28,008,275$1,297,287$0$12,052,016
91$30,785,293$1,281,028$0$13,176,059
92$33,843,051$1,261,457$0$14,412,931
93$37,210,108$1,238,334$0$15,774,157
94$40,917,928$1,211,402$0$17,272,440
95$45,001,187$1,180,390$0$18,921,784
96$49,498,091$1,145,013$0$20,737,628
97$54,450,744$1,104,965$0$22,736,986
98$59,905,538$1,059,927$0$24,938,618
99$65,913,597$1,009,557$0$27,363,200
100$72,531,255$953,497$0$30,033,525