Can I retire at age 50 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$65,650$65,066$64,495$63,938$63,394$62,995
2 years$32,500$31,895$31,308$30,740$30,188$29,785
3 years$21,452$20,844$20,259$19,695$19,152$18,758
4 years$15,928$15,322$14,743$14,189$13,660$13,278
5 years$12,615$12,013$11,441$10,899$10,384$10,015
6 years$10,407$9,809$9,246$8,716$8,216$7,861
7 years$8,831$8,238$7,684$7,166$6,682$6,341
8 years$7,649$7,061$6,516$6,011$5,543$5,216
9 years$6,730$6,148$5,613$5,120$4,668$4,355
10 years$5,996$5,419$4,893$4,414$3,978$3,677
11 years$5,395$4,825$4,308$3,841$3,421$3,134
12 years$4,895$4,330$3,823$3,369$2,965$2,691
13 years$4,472$3,913$3,416$2,975$2,585$2,324
14 years$4,110$3,557$3,069$2,640$2,266$2,018
15 years$3,796$3,249$2,771$2,355$1,995$1,759
16 years$3,522$2,981$2,512$2,108$1,763$1,539
17 years$3,281$2,746$2,286$1,894$1,564$1,351
18 years$3,066$2,537$2,087$1,707$1,390$1,189
19 years$2,874$2,351$1,910$1,543$1,239$1,048
20 years$2,702$2,185$1,753$1,397$1,107$926
21 years$2,546$2,035$1,613$1,268$990$820
22 years$2,405$1,900$1,486$1,153$888$727
23 years$2,276$1,777$1,372$1,050$797$645
24 years$2,158$1,665$1,269$958$716$573
25 years$2,050$1,562$1,176$875$645$510
26 years$1,950$1,468$1,090$800$581$454
27 years$1,857$1,382$1,012$732$523$405
28 years$1,772$1,302$941$671$472$361
29 years$1,692$1,228$876$615$427$322
30 years$1,618$1,160$816$564$385$288
31 years$1,549$1,097$761$518$348$257
32 years$1,484$1,038$710$476$315$229
33 years$1,424$983$663$438$285$205
34 years$1,367$931$619$403$258$183
35 years$1,313$883$579$371$234$164
36 years$1,263$838$541$342$212$147
37 years$1,215$796$507$315$192$131
38 years$1,170$757$475$290$174$118
39 years$1,127$720$445$268$158$105
40 years$1,087$685$417$247$143$94
41 years$1,049$652$391$228$130$84
42 years$1,012$621$367$210$118$76
43 years$978$591$344$194$107$68
44 years$945$564$323$179$97$61
45 years$913$538$303$165$88$54
46 years$883$513$285$153$80$49
47 years$855$489$268$141$73$44
48 years$827$467$251$130$66$39
49 years$801$446$236$121$60$35
50 years$776$426$222$111$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $795,000, adding $5,718 every year, while hoping to spend $49,436 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: 56/30/14 Blend
49$795,000$795,000$795,000$795,000
50$881,988$839,853$827,531$927,878
51$919,351$828,406$802,653$948,210
52$958,869$814,742$775,286$964,464
53$1,000,708$798,699$745,292$981,026
54$1,045,052$780,107$712,531$997,935
55$1,092,100$758,785$676,854$1,015,237
56$1,142,072$734,543$638,106$1,032,983
57$1,195,206$707,178$596,126$1,051,235
58$1,251,764$676,477$550,743$1,070,063
59$1,312,032$642,212$501,781$1,089,546
60$1,376,324$604,146$449,055$1,109,775
61$1,444,983$562,023$392,373$1,130,857
62$1,518,387$515,577$331,532$1,152,909
63$1,596,947$464,525$266,323$1,176,067
64$1,681,116$408,567$196,526$1,200,484
65$1,771,390$347,388$121,910$1,226,335
66$1,868,315$280,653$42,237$1,253,816
67$1,972,488$208,010$0$1,283,149
68$2,084,566$129,086$0$1,320,975
69$2,205,268$43,487$0$1,368,333
70$2,335,385$0$0$1,419,265
71$2,475,789$0$0$1,490,411
72$2,627,432$0$0$1,582,813
73$2,791,365$0$0$1,682,763
74$2,968,741$0$0$1,790,970
75$3,160,828$0$0$1,908,216
76$3,369,020$0$0$2,035,360
77$3,594,851$0$0$2,173,347
78$3,840,005$0$0$2,323,216
79$4,106,336$0$0$2,486,109
80$4,395,885$0$0$2,663,283
81$4,710,895$0$0$2,856,123
82$5,053,835$0$0$3,066,149
83$5,427,422$0$0$3,295,038
84$5,834,644$0$0$3,544,631
85$6,278,792$0$0$3,816,959
86$6,763,487$0$0$4,114,253
87$7,292,715$0$0$4,438,971
88$7,870,864$0$0$4,793,821
89$8,502,764$0$0$5,181,781
90$9,193,734$0$0$5,606,131
91$9,949,629$0$0$6,070,482
92$10,776,897$0$0$6,578,812
93$11,682,636$0$0$7,135,500
94$12,674,666$0$0$7,745,367
95$13,761,595$0$0$8,413,726
96$14,952,906$0$0$9,146,424
97$16,259,041$0$0$9,949,905
98$17,691,501$0$0$10,831,263
99$19,262,954$0$0$11,798,312
100$20,987,353$0$0$12,859,663