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%15.8%
1 years$65,568$64,984$64,414$63,858$63,315$61,809
2 years$32,459$31,855$31,269$30,701$30,150$28,642
3 years$21,425$20,817$20,233$19,670$19,128$17,665
4 years$15,908$15,303$14,724$14,171$13,642$12,235
5 years$12,599$11,998$11,427$10,885$10,371$9,023
6 years$10,394$9,797$9,235$8,705$8,206$6,920
7 years$8,820$8,228$7,674$7,157$6,674$5,449
8 years$7,639$7,053$6,508$6,004$5,536$4,373
9 years$6,722$6,141$5,605$5,114$4,663$3,559
10 years$5,988$5,413$4,887$4,408$3,973$2,927
11 years$5,388$4,818$4,302$3,836$3,417$2,429
12 years$4,889$4,325$3,818$3,365$2,961$2,028
13 years$4,466$3,908$3,411$2,971$2,582$1,703
14 years$4,105$3,553$3,065$2,637$2,263$1,437
15 years$3,791$3,245$2,767$2,352$1,993$1,216
16 years$3,518$2,978$2,509$2,106$1,761$1,033
17 years$3,276$2,742$2,283$1,892$1,562$879
18 years$3,062$2,534$2,084$1,705$1,389$750
19 years$2,871$2,348$1,908$1,541$1,238$641
20 years$2,699$2,182$1,751$1,395$1,105$549
21 years$2,543$2,033$1,611$1,266$989$470
22 years$2,402$1,897$1,484$1,151$887$403
23 years$2,273$1,775$1,371$1,049$796$346
24 years$2,155$1,663$1,268$956$715$298
25 years$2,047$1,560$1,174$873$644$256
26 years$1,947$1,467$1,089$799$580$220
27 years$1,855$1,380$1,011$731$523$190
28 years$1,770$1,301$940$670$472$163
29 years$1,690$1,227$875$614$426$141
30 years$1,616$1,159$815$564$385$121
31 years$1,547$1,095$760$518$348$105
32 years$1,483$1,036$709$476$315$90
33 years$1,422$981$662$438$285$78
34 years$1,365$930$618$403$258$67
35 years$1,312$882$578$371$234$58
36 years$1,261$837$541$341$212$50
37 years$1,213$795$506$314$192$43
38 years$1,168$756$474$290$174$37
39 years$1,126$719$444$267$158$32
40 years$1,086$684$416$247$143$28
41 years$1,047$651$390$227$130$24
42 years$1,011$620$366$210$118$21
43 years$976$591$344$194$107$18
44 years$943$563$322$179$97$15
45 years$912$537$303$165$88$13
46 years$882$512$284$153$80$11
47 years$854$489$267$141$73$10
48 years$826$467$251$130$66$9
49 years$800$446$236$120$60$7
50 years$775$426$222$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $794,000, adding $3,000 every year, while hoping to spend $34,013 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: 49/21/30 Blend
49$794,000$794,000$794,000$794,000
50$878,083$836,001$823,694$913,478
51$931,457$840,775$815,098$943,449
52$989,136$844,643$805,074$972,419
53$1,051,523$847,525$793,538$1,003,247
54$1,119,060$849,336$780,404$1,036,127
55$1,192,235$849,984$765,578$1,071,274
56$1,271,583$849,373$748,965$1,108,926
57$1,357,693$847,401$730,464$1,149,347
58$1,451,213$843,960$709,970$1,192,830
59$1,552,856$838,933$687,373$1,239,701
60$1,663,406$832,199$662,558$1,290,321
61$1,783,724$823,628$635,405$1,345,090
62$1,914,761$813,082$605,788$1,404,451
63$2,057,560$800,417$573,576$1,468,895
64$2,213,271$785,477$538,630$1,538,965
65$2,383,158$768,098$500,807$1,615,266
66$2,568,613$748,109$459,958$1,698,463
67$2,771,170$725,324$415,925$1,789,296
68$2,992,515$699,551$368,544$1,888,581
69$3,234,506$670,584$317,645$1,997,225
70$3,499,188$638,205$263,048$2,116,228
71$3,788,813$602,184$204,568$2,246,697
72$4,105,859$562,279$142,008$2,389,857
73$4,453,058$518,231$75,167$2,547,064
74$4,833,416$469,770$3,830$2,719,815
75$5,250,243$416,608$0$2,909,766
76$5,707,188$358,442$0$3,141,890
77$6,208,265$294,950$0$3,397,882
78$6,757,900$225,793$0$3,678,827
79$7,360,963$150,615$0$3,987,277
80$8,022,822$69,035$0$4,326,045
81$8,749,388$0$0$4,698,235
82$9,547,174$0$0$5,111,741
83$10,423,352$0$0$5,583,488
84$11,385,825$0$0$6,101,789
85$12,443,298$0$0$6,671,344
86$13,605,360$0$0$7,297,330
87$14,882,578$0$0$7,985,449
88$16,286,591$0$0$8,741,986
89$17,830,221$0$0$9,573,864
90$19,527,597$0$0$10,488,709
91$21,394,285$0$0$11,494,925
92$23,447,433$0$0$12,601,770
93$25,705,936$0$0$13,819,447
94$28,190,613$0$0$15,159,194
95$30,924,402$0$0$16,633,395
96$33,932,574$0$0$18,255,695
97$37,242,978$0$0$20,041,129
98$40,886,295$0$0$22,006,264
99$44,896,333$0$0$24,169,351
100$49,310,344$0$0$26,550,505