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%12%
1 years$65,650$65,066$64,495$63,938$63,394$62,863
2 years$32,500$31,895$31,308$30,740$30,188$29,652
3 years$21,452$20,844$20,259$19,695$19,152$18,629
4 years$15,928$15,322$14,743$14,189$13,660$13,153
5 years$12,615$12,013$11,441$10,899$10,384$9,895
6 years$10,407$9,809$9,246$8,716$8,216$7,746
7 years$8,831$8,238$7,684$7,166$6,682$6,231
8 years$7,649$7,061$6,516$6,011$5,543$5,111
9 years$6,730$6,148$5,613$5,120$4,668$4,255
10 years$5,996$5,419$4,893$4,414$3,978$3,582
11 years$5,395$4,825$4,308$3,841$3,421$3,044
12 years$4,895$4,330$3,823$3,369$2,965$2,605
13 years$4,472$3,913$3,416$2,975$2,585$2,243
14 years$4,110$3,557$3,069$2,640$2,266$1,941
15 years$3,796$3,249$2,771$2,355$1,995$1,686
16 years$3,522$2,981$2,512$2,108$1,763$1,470
17 years$3,281$2,746$2,286$1,894$1,564$1,286
18 years$3,066$2,537$2,087$1,707$1,390$1,128
19 years$2,874$2,351$1,910$1,543$1,239$991
20 years$2,702$2,185$1,753$1,397$1,107$872
21 years$2,546$2,035$1,613$1,268$990$769
22 years$2,405$1,900$1,486$1,153$888$680
23 years$2,276$1,777$1,372$1,050$797$601
24 years$2,158$1,665$1,269$958$716$532
25 years$2,050$1,562$1,176$875$645$471
26 years$1,950$1,468$1,090$800$581$418
27 years$1,857$1,382$1,012$732$523$371
28 years$1,772$1,302$941$671$472$330
29 years$1,692$1,228$876$615$427$293
30 years$1,618$1,160$816$564$385$260
31 years$1,549$1,097$761$518$348$232
32 years$1,484$1,038$710$476$315$206
33 years$1,424$983$663$438$285$184
34 years$1,367$931$619$403$258$163
35 years$1,313$883$579$371$234$146
36 years$1,263$838$541$342$212$130
37 years$1,215$796$507$315$192$116
38 years$1,170$757$475$290$174$103
39 years$1,127$720$445$268$158$92
40 years$1,087$685$417$247$143$82
41 years$1,049$652$391$228$130$73
42 years$1,012$621$367$210$118$65
43 years$978$591$344$194$107$58
44 years$945$564$323$179$97$52
45 years$913$538$303$165$88$46
46 years$883$513$285$153$80$41
47 years$855$489$268$141$73$37
48 years$827$467$251$130$66$33
49 years$801$446$236$121$60$29
50 years$776$426$222$111$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $795,000, adding $6,783 every year, while hoping to spend $53,027 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: 55/23/22 Blend
49$795,000$795,000$795,000$795,000
50$883,087$840,952$828,629$926,018
51$916,741$825,738$799,968$940,968
52$952,051$808,002$768,569$951,084
53$989,130$787,563$734,286$960,968
54$1,028,099$764,232$696,962$970,613
55$1,069,093$737,807$656,438$980,016
56$1,112,256$708,075$612,545$989,174
57$1,157,747$674,811$565,105$998,089
58$1,205,737$637,777$513,936$1,006,766
59$1,256,413$596,719$458,844$1,015,214
60$1,309,981$551,372$399,630$1,023,447
61$1,366,663$501,454$336,081$1,031,485
62$1,426,704$446,666$267,981$1,039,354
63$1,490,369$386,693$195,099$1,047,088
64$1,557,949$321,204$117,198$1,054,728
65$1,629,762$249,845$34,026$1,062,325
66$1,706,157$172,247$0$1,069,943
67$1,787,514$88,016$0$1,090,504
68$1,874,251$0$0$1,120,607
69$1,966,823$0$0$1,153,253
70$2,065,732$0$0$1,211,978
71$2,171,526$0$0$1,274,838
72$2,284,806$0$0$1,342,195
73$2,406,232$0$0$1,414,449
74$2,536,528$0$0$1,492,036
75$2,676,486$0$0$1,575,436
76$2,826,979$0$0$1,665,176
77$2,988,964$0$0$1,761,835
78$3,163,490$0$0$1,866,047
79$3,351,712$0$0$1,978,511
80$3,554,897$0$0$2,099,993
81$3,774,438$0$0$2,231,336
82$4,011,866$0$0$2,373,467
83$4,268,864$0$0$2,527,402
84$4,547,281$0$0$2,694,262
85$4,849,150$0$0$2,875,277
86$5,176,709$0$0$3,071,800
87$5,532,416$0$0$3,285,322
88$5,918,978$0$0$3,517,479
89$6,339,370$0$0$3,770,073
90$6,796,866$0$0$4,045,087
91$7,295,070$0$0$4,344,701
92$7,837,946$0$0$4,671,318
93$8,429,857$0$0$5,027,578
94$9,075,604$0$0$5,416,390
95$9,780,474$0$0$5,840,955
96$10,550,283$0$0$6,304,797
97$11,391,438$0$0$6,811,794
98$12,310,989$0$0$7,366,218
99$13,316,699$0$0$7,972,772
100$14,417,116$0$0$8,636,633