Can I retire at age 50 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$65,816$65,229$64,657$64,099$63,554$61,717
2 years$32,582$31,975$31,387$30,817$30,264$28,428
3 years$21,506$20,896$20,309$19,745$19,201$17,423
4 years$15,968$15,361$14,780$14,225$13,694$11,989
5 years$12,647$12,043$11,470$10,926$10,410$8,781
6 years$10,433$9,834$9,269$8,738$8,237$6,687
7 years$8,853$8,259$7,703$7,184$6,699$5,227
8 years$7,668$7,079$6,533$6,026$5,557$4,162
9 years$6,747$6,164$5,627$5,133$4,680$3,361
10 years$6,011$5,433$4,905$4,425$3,988$2,743
11 years$5,409$4,837$4,319$3,851$3,430$2,256
12 years$4,907$4,341$3,833$3,378$2,972$1,869
13 years$4,483$3,923$3,424$2,982$2,592$1,556
14 years$4,120$3,566$3,077$2,647$2,272$1,300
15 years$3,806$3,258$2,778$2,361$2,000$1,091
16 years$3,531$2,989$2,519$2,114$1,768$918
17 years$3,289$2,753$2,292$1,899$1,568$774
18 years$3,074$2,544$2,092$1,712$1,394$654
19 years$2,882$2,357$1,915$1,547$1,242$553
20 years$2,709$2,191$1,758$1,401$1,110$469
21 years$2,553$2,040$1,617$1,271$993$398
22 years$2,411$1,905$1,490$1,156$890$338
23 years$2,282$1,781$1,376$1,053$799$287
24 years$2,163$1,669$1,272$960$718$244
25 years$2,055$1,566$1,178$877$646$208
26 years$1,955$1,472$1,093$802$582$177
27 years$1,862$1,385$1,015$734$525$151
28 years$1,776$1,305$944$672$474$129
29 years$1,697$1,232$878$617$428$110
30 years$1,622$1,163$818$566$386$93
31 years$1,553$1,099$762$520$349$80
32 years$1,488$1,040$711$478$316$68
33 years$1,427$985$664$439$286$58
34 years$1,370$934$621$404$259$49
35 years$1,316$886$580$372$234$42
36 years$1,266$841$543$343$212$36
37 years$1,218$798$508$316$193$31
38 years$1,173$759$476$291$175$26
39 years$1,130$721$446$268$158$22
40 years$1,090$686$418$247$144$19
41 years$1,051$653$392$228$130$16
42 years$1,015$622$367$211$118$14
43 years$980$593$345$194$107$12
44 years$947$565$324$180$97$10
45 years$915$539$304$166$88$9
46 years$885$514$285$153$80$7
47 years$857$491$268$142$73$6
48 years$829$468$252$131$66$5
49 years$803$447$237$121$60$5
50 years$778$427$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $797,000, adding $3,674 every year, while hoping to spend $27,074 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: 40/36/24 Blend
49$797,000$797,000$797,000$797,000
50$882,084$839,843$827,489$910,979
51$943,250$852,188$826,404$944,501
52$1,009,747$864,232$824,374$977,918
53$1,082,092$875,929$821,341$1,013,535
54$1,160,850$887,234$817,240$1,051,568
55$1,246,645$898,098$812,007$1,092,257
56$1,340,164$908,466$805,570$1,135,867
57$1,442,163$918,283$797,859$1,182,693
58$1,553,472$927,487$788,796$1,233,059
59$1,675,008$936,016$778,302$1,287,325
60$1,807,777$943,799$766,294$1,345,887
61$1,952,889$950,764$752,683$1,409,187
62$2,111,566$956,833$737,380$1,477,710
63$2,285,151$961,923$720,287$1,551,994
64$2,475,125$965,946$701,306$1,632,633
65$2,683,118$968,808$680,330$1,720,285
66$2,910,926$970,409$657,251$1,815,676
67$3,160,526$970,645$631,954$1,919,609
68$3,434,094$969,401$604,319$2,032,973
69$3,734,029$966,559$574,221$2,156,748
70$4,062,971$961,991$541,529$2,292,017
71$4,423,830$955,565$506,106$2,439,979
72$4,819,809$947,136$467,809$2,601,956
73$5,254,437$936,553$426,488$2,779,411
74$5,731,602$923,657$381,988$2,973,957
75$6,255,587$908,277$334,146$3,187,377
76$6,831,108$890,234$282,791$3,421,642
77$7,463,361$869,336$227,745$3,678,925
78$8,158,072$845,381$168,822$3,961,627
79$8,921,547$818,157$105,830$4,272,400
80$9,760,734$787,436$38,564$4,614,172
81$10,683,288$752,979$0$4,990,173
82$11,697,641$714,533$0$5,412,477
83$12,813,086$671,830$0$5,887,608
84$14,039,857$624,586$0$6,410,083
85$15,389,234$572,503$0$6,984,761
86$16,873,643$515,262$0$7,616,999
87$18,506,774$452,530$0$8,312,706
88$20,303,714$383,953$0$9,078,396
89$22,281,083$309,157$0$9,921,256
90$24,457,195$227,747$0$10,849,207
91$26,852,229$139,306$0$11,870,987
92$29,488,418$43,395$0$12,996,229
93$32,390,263$0$0$14,235,558
94$35,584,758$0$0$15,624,634
95$39,101,648$0$0$17,172,954
96$42,973,709$0$0$18,877,772
97$47,237,056$0$0$20,755,007
98$51,931,486$0$0$22,822,198
99$57,100,850$0$0$25,098,674
100$62,793,468$0$0$27,605,731