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%14.4%
1 years$65,816$65,229$64,657$64,099$63,554$62,398
2 years$32,582$31,975$31,387$30,817$30,264$29,104
3 years$21,506$20,896$20,309$19,745$19,201$18,072
4 years$15,968$15,361$14,780$14,225$13,694$12,606
5 years$12,647$12,043$11,470$10,926$10,410$9,365
6 years$10,433$9,834$9,269$8,738$8,237$7,237
7 years$8,853$8,259$7,703$7,184$6,699$5,744
8 years$7,668$7,079$6,533$6,026$5,557$4,647
9 years$6,747$6,164$5,627$5,133$4,680$3,814
10 years$6,011$5,433$4,905$4,425$3,988$3,165
11 years$5,409$4,837$4,319$3,851$3,430$2,649
12 years$4,907$4,341$3,833$3,378$2,972$2,233
13 years$4,483$3,923$3,424$2,982$2,592$1,892
14 years$4,120$3,566$3,077$2,647$2,272$1,611
15 years$3,806$3,258$2,778$2,361$2,000$1,377
16 years$3,531$2,989$2,519$2,114$1,768$1,181
17 years$3,289$2,753$2,292$1,899$1,568$1,016
18 years$3,074$2,544$2,092$1,712$1,394$875
19 years$2,882$2,357$1,915$1,547$1,242$756
20 years$2,709$2,191$1,758$1,401$1,110$654
21 years$2,553$2,040$1,617$1,271$993$566
22 years$2,411$1,905$1,490$1,156$890$491
23 years$2,282$1,781$1,376$1,053$799$426
24 years$2,163$1,669$1,272$960$718$371
25 years$2,055$1,566$1,178$877$646$322
26 years$1,955$1,472$1,093$802$582$280
27 years$1,862$1,385$1,015$734$525$244
28 years$1,776$1,305$944$672$474$213
29 years$1,697$1,232$878$617$428$185
30 years$1,622$1,163$818$566$386$162
31 years$1,553$1,099$762$520$349$141
32 years$1,488$1,040$711$478$316$123
33 years$1,427$985$664$439$286$107
34 years$1,370$934$621$404$259$94
35 years$1,316$886$580$372$234$82
36 years$1,266$841$543$343$212$71
37 years$1,218$798$508$316$193$62
38 years$1,173$759$476$291$175$54
39 years$1,130$721$446$268$158$48
40 years$1,090$686$418$247$144$42
41 years$1,051$653$392$228$130$36
42 years$1,015$622$367$211$118$32
43 years$980$593$345$194$107$28
44 years$947$565$324$180$97$24
45 years$915$539$304$166$88$21
46 years$885$514$285$153$80$18
47 years$857$491$268$142$73$16
48 years$829$468$252$131$66$14
49 years$803$447$237$121$60$12
50 years$778$427$223$112$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $797,000, adding $6,663 every year, while hoping to spend $50,409 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: 73/14/13 Blend
49$797,000$797,000$797,000$797,000
50$885,167$842,926$830,572$946,876
51$921,819$830,594$804,762$976,267
52$960,520$815,969$776,397$1,001,586
53$1,001,426$798,885$745,339$1,027,961
54$1,044,707$779,166$711,444$1,055,483
55$1,090,549$756,626$674,558$1,084,253
56$1,139,153$731,069$634,524$1,114,385
57$1,190,742$702,287$591,176$1,146,005
58$1,245,559$670,060$544,341$1,179,251
59$1,303,867$634,154$493,838$1,214,280
60$1,365,958$594,324$439,478$1,251,262
61$1,432,148$550,308$381,063$1,290,388
62$1,502,786$501,832$318,388$1,331,871
63$1,578,253$448,605$251,236$1,375,945
64$1,658,966$390,317$179,384$1,422,872
65$1,745,383$326,646$102,596$1,472,940
66$1,838,007$257,246$20,628$1,526,471
67$1,937,388$181,756$0$1,583,820
68$2,044,131$99,791$0$1,654,653
69$2,158,899$10,948$0$1,733,793
70$2,282,421$0$0$1,818,897
71$2,415,497$0$0$1,923,669
72$2,559,005$0$0$2,038,501
73$2,713,910$0$0$2,162,483
74$2,881,273$0$0$2,296,466
75$3,062,260$0$0$2,441,388
76$3,258,150$0$0$2,598,279
77$3,470,353$0$0$2,768,270
78$3,700,416$0$0$2,952,607
79$3,950,042$0$0$3,152,658
80$4,221,104$0$0$3,369,929
81$4,515,662$0$0$3,606,077
82$4,835,980$0$0$3,862,923
83$5,184,552$0$0$4,142,471
84$5,564,121$0$0$4,446,927
85$5,977,704$0$0$4,778,719
86$6,428,623$0$0$5,140,517
87$6,920,533$0$0$5,535,261
88$7,457,458$0$0$5,966,186
89$8,043,827$0$0$6,436,856
90$8,684,515$0$0$6,951,190
91$9,384,890$0$0$7,513,507
92$10,150,862$0$0$8,128,558
93$10,988,937$0$0$8,801,578
94$11,906,281$0$0$9,538,329
95$12,910,783$0$0$10,345,157
96$14,011,131$0$0$11,229,050
97$15,216,893$0$0$12,197,704
98$16,538,607$0$0$13,259,593
99$17,987,877$0$0$14,424,054
100$19,577,487$0$0$15,701,368