Can I retire at age 50 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$65,898$65,311$64,738$64,179$63,634$62,709
2 years$32,623$32,015$31,426$30,856$30,302$29,372
3 years$21,533$20,922$20,335$19,769$19,225$18,319
4 years$15,988$15,380$14,799$14,243$13,711$12,836
5 years$12,663$12,058$11,484$10,940$10,423$9,581
6 years$10,447$9,846$9,281$8,749$8,247$7,440
7 years$8,864$8,269$7,713$7,193$6,707$5,935
8 years$7,678$7,088$6,541$6,034$5,564$4,826
9 years$6,756$6,171$5,634$5,139$4,686$3,982
10 years$6,018$5,440$4,912$4,430$3,993$3,323
11 years$5,415$4,843$4,324$3,856$3,434$2,797
12 years$4,913$4,347$3,838$3,382$2,976$2,371
13 years$4,489$3,928$3,429$2,986$2,595$2,022
14 years$4,125$3,570$3,081$2,650$2,275$1,732
15 years$3,811$3,262$2,781$2,364$2,003$1,490
16 years$3,535$2,993$2,522$2,116$1,770$1,286
17 years$3,293$2,756$2,295$1,902$1,569$1,113
18 years$3,078$2,547$2,095$1,714$1,395$965
19 years$2,885$2,360$1,918$1,548$1,244$839
20 years$2,712$2,193$1,760$1,402$1,111$731
21 years$2,556$2,043$1,619$1,273$994$637
22 years$2,414$1,907$1,492$1,157$891$556
23 years$2,285$1,784$1,378$1,054$800$486
24 years$2,166$1,671$1,274$961$719$426
25 years$2,057$1,568$1,180$878$647$373
26 years$1,957$1,474$1,094$803$583$327
27 years$1,864$1,387$1,016$735$525$287
28 years$1,779$1,307$945$673$474$251
29 years$1,699$1,233$879$617$428$221
30 years$1,624$1,165$819$567$387$194
31 years$1,555$1,101$763$520$350$170
32 years$1,490$1,042$712$478$316$150
33 years$1,429$986$665$440$286$132
34 years$1,372$935$621$405$259$116
35 years$1,318$887$581$372$235$102
36 years$1,267$842$543$343$213$90
37 years$1,220$799$509$316$193$79
38 years$1,174$760$476$291$175$69
39 years$1,132$722$446$269$159$61
40 years$1,091$687$418$248$144$54
41 years$1,053$654$392$229$130$47
42 years$1,016$623$368$211$118$42
43 years$981$594$345$195$107$37
44 years$948$566$324$180$98$32
45 years$917$540$304$166$89$28
46 years$887$515$286$153$80$25
47 years$858$491$269$142$73$22
48 years$830$469$252$131$66$19
49 years$804$448$237$121$60$17
50 years$779$428$223$112$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $798,000, adding $5,930 every year, while hoping to spend $33,296 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: 31/43/26 Blend
49$798,000$798,000$798,000$798,000
50$885,513$843,219$830,850$905,742
51$940,408$849,110$823,257$927,663
52$999,787$854,174$814,293$947,892
53$1,064,072$858,334$803,878$969,002
54$1,133,726$861,512$791,927$991,092
55$1,209,261$863,620$778,351$1,014,274
56$1,291,236$864,568$763,056$1,038,674
57$1,380,270$864,260$745,946$1,064,433
58$1,477,041$862,592$726,919$1,091,709
59$1,582,296$859,456$705,868$1,120,680
60$1,696,857$854,736$682,681$1,151,545
61$1,821,628$848,310$657,243$1,184,526
62$1,957,604$840,047$629,430$1,219,870
63$2,105,880$829,809$599,116$1,257,857
64$2,267,661$817,451$566,168$1,298,796
65$2,444,273$802,817$530,446$1,343,033
66$2,637,177$785,744$491,804$1,390,954
67$2,847,981$766,056$450,091$1,442,989
68$3,078,453$743,572$405,147$1,499,616
69$3,330,543$718,094$356,807$1,561,370
70$3,606,396$689,418$304,898$1,628,843
71$3,908,374$657,326$249,238$1,702,696
72$4,239,079$621,586$189,638$1,783,662
73$4,601,376$581,954$125,901$1,872,558
74$4,998,418$538,172$57,821$1,970,289
75$5,433,682$489,968$0$2,077,862
76$5,910,994$437,052$0$2,200,508
77$6,434,568$379,121$0$2,352,738
78$7,009,048$315,851$0$2,519,934
79$7,639,546$246,903$0$2,703,690
80$8,331,696$171,917$0$2,905,767
81$9,091,702$90,514$0$3,128,113
82$9,926,399$2,293$0$3,372,882
83$10,843,316$0$0$3,642,454
84$11,850,748$0$0$3,983,546
85$12,957,833$0$0$4,359,703
86$14,174,637$0$0$4,773,279
87$15,512,251$0$0$5,228,059
88$16,982,894$0$0$5,728,216
89$18,600,026$0$0$6,278,346
90$20,378,480$0$0$6,883,514
91$22,334,595$0$0$7,549,300
92$24,486,375$0$0$8,281,850
93$26,853,658$0$0$9,087,941
94$29,458,297$0$0$9,975,035
95$32,324,375$0$0$10,951,357
96$35,478,425$0$0$12,025,968
97$38,949,683$0$0$13,208,852
98$42,770,361$0$0$14,511,012
99$46,975,955$0$0$15,944,571
100$51,605,574$0$0$17,522,886