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%18.2%
1 years$65,816$65,229$64,657$64,099$63,554$61,446
2 years$32,582$31,975$31,387$30,817$30,264$28,160
3 years$21,506$20,896$20,309$19,745$19,201$17,168
4 years$15,968$15,361$14,780$14,225$13,694$11,748
5 years$12,647$12,043$11,470$10,926$10,410$8,555
6 years$10,433$9,834$9,269$8,738$8,237$6,475
7 years$8,853$8,259$7,703$7,184$6,699$5,030
8 years$7,668$7,079$6,533$6,026$5,557$3,980
9 years$6,747$6,164$5,627$5,133$4,680$3,192
10 years$6,011$5,433$4,905$4,425$3,988$2,587
11 years$5,409$4,837$4,319$3,851$3,430$2,113
12 years$4,907$4,341$3,833$3,378$2,972$1,737
13 years$4,483$3,923$3,424$2,982$2,592$1,435
14 years$4,120$3,566$3,077$2,647$2,272$1,191
15 years$3,806$3,258$2,778$2,361$2,000$991
16 years$3,531$2,989$2,519$2,114$1,768$827
17 years$3,289$2,753$2,292$1,899$1,568$692
18 years$3,074$2,544$2,092$1,712$1,394$580
19 years$2,882$2,357$1,915$1,547$1,242$487
20 years$2,709$2,191$1,758$1,401$1,110$409
21 years$2,553$2,040$1,617$1,271$993$344
22 years$2,411$1,905$1,490$1,156$890$290
23 years$2,282$1,781$1,376$1,053$799$244
24 years$2,163$1,669$1,272$960$718$206
25 years$2,055$1,566$1,178$877$646$174
26 years$1,955$1,472$1,093$802$582$147
27 years$1,862$1,385$1,015$734$525$124
28 years$1,776$1,305$944$672$474$105
29 years$1,697$1,232$878$617$428$88
30 years$1,622$1,163$818$566$386$75
31 years$1,553$1,099$762$520$349$63
32 years$1,488$1,040$711$478$316$53
33 years$1,427$985$664$439$286$45
34 years$1,370$934$621$404$259$38
35 years$1,316$886$580$372$234$32
36 years$1,266$841$543$343$212$27
37 years$1,218$798$508$316$193$23
38 years$1,173$759$476$291$175$19
39 years$1,130$721$446$268$158$16
40 years$1,090$686$418$247$144$14
41 years$1,051$653$392$228$130$12
42 years$1,015$622$367$211$118$10
43 years$980$593$345$194$107$8
44 years$947$565$324$180$97$7
45 years$915$539$304$166$88$6
46 years$885$514$285$153$80$5
47 years$857$491$268$142$73$4
48 years$829$468$252$131$66$4
49 years$803$447$237$121$60$3
50 years$778$427$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $797,000, adding $3,863 every year, while hoping to spend $21,845 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: 64/6/30 Blend
49$797,000$797,000$797,000$797,000
50$882,279$840,038$827,684$931,437
51$949,028$857,957$832,169$983,164
52$1,021,854$876,021$836,071$1,036,930
53$1,101,353$894,216$839,349$1,095,220
54$1,188,182$912,524$841,958$1,158,481
55$1,283,063$930,924$843,851$1,227,207
56$1,386,794$949,398$844,978$1,301,943
57$1,500,250$967,922$845,289$1,383,291
58$1,624,397$986,471$844,727$1,471,911
59$1,760,298$1,005,020$843,237$1,568,536
60$1,909,122$1,023,540$840,759$1,673,969
61$2,072,158$1,041,999$837,230$1,789,099
62$2,250,825$1,060,364$832,585$1,914,903
63$2,446,686$1,078,599$826,754$2,052,460
64$2,661,463$1,096,666$819,665$2,202,961
65$2,897,052$1,114,522$811,243$2,367,715
66$3,155,541$1,132,122$801,409$2,548,169
67$3,439,229$1,149,420$790,080$2,745,916
68$3,750,651$1,166,362$777,168$2,962,713
69$4,092,598$1,182,894$762,583$3,200,497
70$4,468,144$1,198,957$746,231$3,461,403
71$4,880,675$1,214,487$728,010$3,747,785
72$5,333,924$1,229,416$707,818$4,062,237
73$5,831,999$1,243,673$685,545$4,407,622
74$6,379,430$1,257,179$661,078$4,787,091
75$6,981,204$1,269,854$634,297$5,204,121
76$7,642,818$1,281,608$605,077$5,662,546
77$8,370,327$1,292,348$573,289$6,166,588
78$9,170,403$1,301,975$538,796$6,720,904
79$10,050,394$1,310,382$501,456$7,330,629
80$11,018,400$1,317,456$461,120$8,001,420
81$12,083,342$1,323,078$417,633$8,739,514
82$13,255,053$1,327,118$370,833$9,551,787
83$14,544,362$1,329,441$320,551$10,445,818
84$15,963,207$1,329,903$266,608$11,429,959
85$17,524,735$1,328,350$208,822$12,513,419
86$19,243,439$1,324,619$146,997$13,706,347
87$21,135,282$1,318,538$80,934$15,019,930
88$23,217,857$1,309,922$10,422$16,466,499
89$25,510,548$1,298,578$0$18,059,645
90$28,034,714$1,284,299$0$19,835,099
91$30,813,891$1,266,866$0$21,793,531
92$33,874,013$1,246,047$0$23,949,877
93$37,243,656$1,221,597$0$26,324,274
94$40,954,309$1,193,256$0$28,938,916
95$45,040,671$1,160,747$0$31,818,255
96$49,540,975$1,123,780$0$34,989,239
97$54,497,355$1,082,045$0$38,481,562
98$59,956,236$1,035,216$0$42,327,947
99$65,968,777$982,948$0$46,564,454
100$72,591,354$924,873$0$51,230,818