Can I retire at age 50 with 797,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$65,816$65,229$64,657$64,099$63,554$61,299
2 years$32,582$31,975$31,387$30,817$30,264$28,016
3 years$21,506$20,896$20,309$19,745$19,201$17,031
4 years$15,968$15,361$14,780$14,225$13,694$11,618
5 years$12,647$12,043$11,470$10,926$10,410$8,434
6 years$10,433$9,834$9,269$8,738$8,237$6,363
7 years$8,853$8,259$7,703$7,184$6,699$4,925
8 years$7,668$7,079$6,533$6,026$5,557$3,883
9 years$6,747$6,164$5,627$5,133$4,680$3,103
10 years$6,011$5,433$4,905$4,425$3,988$2,505
11 years$5,409$4,837$4,319$3,851$3,430$2,039
12 years$4,907$4,341$3,833$3,378$2,972$1,669
13 years$4,483$3,923$3,424$2,982$2,592$1,374
14 years$4,120$3,566$3,077$2,647$2,272$1,135
15 years$3,806$3,258$2,778$2,361$2,000$941
16 years$3,531$2,989$2,519$2,114$1,768$782
17 years$3,289$2,753$2,292$1,899$1,568$651
18 years$3,074$2,544$2,092$1,712$1,394$543
19 years$2,882$2,357$1,915$1,547$1,242$454
20 years$2,709$2,191$1,758$1,401$1,110$380
21 years$2,553$2,040$1,617$1,271$993$318
22 years$2,411$1,905$1,490$1,156$890$266
23 years$2,282$1,781$1,376$1,053$799$223
24 years$2,163$1,669$1,272$960$718$188
25 years$2,055$1,566$1,178$877$646$157
26 years$1,955$1,472$1,093$802$582$132
27 years$1,862$1,385$1,015$734$525$111
28 years$1,776$1,305$944$672$474$93
29 years$1,697$1,232$878$617$428$79
30 years$1,622$1,163$818$566$386$66
31 years$1,553$1,099$762$520$349$56
32 years$1,488$1,040$711$478$316$47
33 years$1,427$985$664$439$286$39
34 years$1,370$934$621$404$259$33
35 years$1,316$886$580$372$234$28
36 years$1,266$841$543$343$212$23
37 years$1,218$798$508$316$193$20
38 years$1,173$759$476$291$175$17
39 years$1,130$721$446$268$158$14
40 years$1,090$686$418$247$144$12
41 years$1,051$653$392$228$130$10
42 years$1,015$622$367$211$118$8
43 years$980$593$345$194$107$7
44 years$947$565$324$180$97$6
45 years$915$539$304$166$88$5
46 years$885$514$285$153$80$4
47 years$857$491$268$142$73$4
48 years$829$468$252$131$66$3
49 years$803$447$237$121$60$2
50 years$778$427$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $797,000, adding $5,371 every year, while hoping to spend $41,640 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: 68/20/12 Blend
49$797,000$797,000$797,000$797,000
50$883,834$841,593$829,240$941,258
51$929,681$838,527$812,715$977,066
52$978,808$833,914$794,240$1,010,738
53$1,031,506$827,636$773,708$1,046,484
54$1,088,095$819,566$751,002$1,084,504
55$1,148,925$809,568$726,004$1,125,017
56$1,214,379$797,501$698,589$1,168,265
57$1,284,879$783,212$668,626$1,214,517
58$1,360,890$766,542$635,978$1,264,070
59$1,442,920$747,322$600,502$1,317,252
60$1,531,528$725,371$562,049$1,374,426
61$1,627,329$700,500$520,463$1,435,994
62$1,730,999$672,507$475,581$1,502,399
63$1,843,281$641,179$427,233$1,574,132
64$1,964,990$606,291$375,239$1,651,737
65$2,097,025$567,606$319,416$1,735,813
66$2,240,373$524,870$259,568$1,827,023
67$2,396,120$477,818$195,493$1,926,101
68$2,565,461$426,168$126,979$2,033,856
69$2,749,711$369,622$53,805$2,151,183
70$2,950,315$307,867$0$2,279,073
71$3,168,865$240,570$0$2,421,728
72$3,407,112$167,381$0$2,584,799
73$3,666,983$87,929$0$2,762,758
74$3,950,600$1,822$0$2,957,111
75$4,260,298$0$0$3,169,522
76$4,598,647$0$0$3,421,931
77$4,968,478$0$0$3,698,307
78$5,372,905$0$0$4,000,586
79$5,815,360$0$0$4,331,336
80$6,299,620$0$0$4,693,387
81$6,829,843$0$0$5,089,855
82$7,410,611$0$0$5,524,172
83$8,046,966$0$0$6,000,117
84$8,744,465$0$0$6,521,851
85$9,509,225$0$0$7,093,958
86$10,347,985$0$0$7,721,487
87$11,268,166$0$0$8,409,998
88$12,277,943$0$0$9,165,616
89$13,386,320$0$0$9,995,088
90$14,603,217$0$0$10,905,845
91$15,939,559$0$0$11,906,074
92$17,407,383$0$0$13,004,793
93$19,019,948$0$0$14,211,937
94$20,791,860$0$0$15,538,450
95$22,739,211$0$0$16,996,390
96$24,879,730$0$0$18,599,039
97$27,232,946$0$0$20,361,033
98$29,820,378$0$0$22,298,495
99$32,665,733$0$0$24,429,187
100$35,795,130$0$0$26,772,682