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%18.5%
1 years$65,650$65,066$64,495$63,938$63,394$61,218
2 years$32,500$31,895$31,308$30,740$30,188$28,017
3 years$21,452$20,844$20,259$19,695$19,152$17,056
4 years$15,928$15,322$14,743$14,189$13,660$11,653
5 years$12,615$12,013$11,441$10,899$10,384$8,473
6 years$10,407$9,809$9,246$8,716$8,216$6,402
7 years$8,831$8,238$7,684$7,166$6,682$4,965
8 years$7,649$7,061$6,516$6,011$5,543$3,921
9 years$6,730$6,148$5,613$5,120$4,668$3,139
10 years$5,996$5,419$4,893$4,414$3,978$2,539
11 years$5,395$4,825$4,308$3,841$3,421$2,070
12 years$4,895$4,330$3,823$3,369$2,965$1,699
13 years$4,472$3,913$3,416$2,975$2,585$1,401
14 years$4,110$3,557$3,069$2,640$2,266$1,160
15 years$3,796$3,249$2,771$2,355$1,995$963
16 years$3,522$2,981$2,512$2,108$1,763$802
17 years$3,281$2,746$2,286$1,894$1,564$670
18 years$3,066$2,537$2,087$1,707$1,390$560
19 years$2,874$2,351$1,910$1,543$1,239$469
20 years$2,702$2,185$1,753$1,397$1,107$393
21 years$2,546$2,035$1,613$1,268$990$330
22 years$2,405$1,900$1,486$1,153$888$277
23 years$2,276$1,777$1,372$1,050$797$233
24 years$2,158$1,665$1,269$958$716$196
25 years$2,050$1,562$1,176$875$645$165
26 years$1,950$1,468$1,090$800$581$139
27 years$1,857$1,382$1,012$732$523$117
28 years$1,772$1,302$941$671$472$99
29 years$1,692$1,228$876$615$427$83
30 years$1,618$1,160$816$564$385$70
31 years$1,549$1,097$761$518$348$59
32 years$1,484$1,038$710$476$315$50
33 years$1,424$983$663$438$285$42
34 years$1,367$931$619$403$258$35
35 years$1,313$883$579$371$234$30
36 years$1,263$838$541$342$212$25
37 years$1,215$796$507$315$192$21
38 years$1,170$757$475$290$174$18
39 years$1,127$720$445$268$158$15
40 years$1,087$685$417$247$143$13
41 years$1,049$652$391$228$130$11
42 years$1,012$621$367$210$118$9
43 years$978$591$344$194$107$8
44 years$945$564$323$179$97$6
45 years$913$538$303$165$88$5
46 years$883$513$285$153$80$5
47 years$855$489$268$141$73$4
48 years$827$467$251$130$66$3
49 years$801$446$236$121$60$3
50 years$776$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 $795,000, adding $6,903 every year, while hoping to spend $56,403 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: 80/13/7 Blend
49$795,000$795,000$795,000$795,000
50$883,210$841,075$828,753$952,649
51$913,286$822,276$796,504$980,329
52$944,538$800,665$761,284$1,002,557
53$977,028$776,044$722,934$1,025,245
54$1,010,821$748,207$681,289$1,048,409
55$1,045,986$716,930$636,173$1,072,069
56$1,082,598$681,981$587,406$1,096,245
57$1,120,736$643,111$534,798$1,120,961
58$1,160,488$600,061$478,150$1,146,243
59$1,201,946$552,551$417,256$1,172,120
60$1,245,209$500,292$351,899$1,198,625
61$1,290,387$442,972$281,854$1,225,795
62$1,337,595$380,266$206,885$1,253,671
63$1,386,959$311,829$126,745$1,282,300
64$1,438,615$237,295$41,177$1,311,734
65$1,492,712$156,280$0$1,342,030
66$1,549,408$68,377$0$1,377,000
67$1,608,877$0$0$1,416,496
68$1,671,306$0$0$1,461,385
69$1,736,901$0$0$1,518,834
70$1,805,882$0$0$1,579,257
71$1,878,492$0$0$1,642,867
72$1,954,993$0$0$1,709,894
73$2,035,672$0$0$1,780,591
74$2,120,839$0$0$1,855,232
75$2,210,836$0$0$1,934,116
76$2,306,034$0$0$2,017,571
77$2,406,836$0$0$2,105,952
78$2,513,687$0$0$2,199,650
79$2,627,068$0$0$2,299,091
80$2,747,510$0$0$2,404,739
81$2,875,590$0$0$2,517,104
82$3,011,941$0$0$2,636,743
83$3,157,256$0$0$2,764,267
84$3,312,292$0$0$2,900,344
85$3,477,882$0$0$3,045,705
86$3,654,936$0$0$3,201,153
87$3,844,452$0$0$3,367,567
88$4,047,525$0$0$3,545,913
89$4,265,356$0$0$3,737,248
90$4,499,262$0$0$3,942,732
91$4,750,691$0$0$4,163,642
92$5,021,229$0$0$4,401,374
93$5,312,621$0$0$4,657,467
94$5,626,779$0$0$4,933,605
95$5,965,809$0$0$5,231,644
96$6,332,020$0$0$5,553,620
97$6,727,951$0$0$5,901,770
98$7,156,396$0$0$6,278,554
99$7,620,420$0$0$6,686,677
100$8,123,398$0$0$7,129,110