Can I retire at age 50 with 798,000?

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 $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%17.6%
1 years$65,898$65,311$64,738$64,179$63,634$61,671
2 years$32,623$32,015$31,426$30,856$30,302$28,341
3 years$21,533$20,922$20,335$19,769$19,225$17,328
4 years$15,988$15,380$14,799$14,243$13,711$11,893
5 years$12,663$12,058$11,484$10,940$10,423$8,688
6 years$10,447$9,846$9,281$8,749$8,247$6,598
7 years$8,864$8,269$7,713$7,193$6,707$5,143
8 years$7,678$7,088$6,541$6,034$5,564$4,083
9 years$6,756$6,171$5,634$5,139$4,686$3,287
10 years$6,018$5,440$4,912$4,430$3,993$2,674
11 years$5,415$4,843$4,324$3,856$3,434$2,193
12 years$4,913$4,347$3,838$3,382$2,976$1,810
13 years$4,489$3,928$3,429$2,986$2,595$1,502
14 years$4,125$3,570$3,081$2,650$2,275$1,251
15 years$3,811$3,262$2,781$2,364$2,003$1,046
16 years$3,535$2,993$2,522$2,116$1,770$877
17 years$3,293$2,756$2,295$1,902$1,569$737
18 years$3,078$2,547$2,095$1,714$1,395$620
19 years$2,885$2,360$1,918$1,548$1,244$523
20 years$2,712$2,193$1,760$1,402$1,111$441
21 years$2,556$2,043$1,619$1,273$994$373
22 years$2,414$1,907$1,492$1,157$891$316
23 years$2,285$1,784$1,378$1,054$800$267
24 years$2,166$1,671$1,274$961$719$226
25 years$2,057$1,568$1,180$878$647$192
26 years$1,957$1,474$1,094$803$583$163
27 years$1,864$1,387$1,016$735$525$138
28 years$1,779$1,307$945$673$474$117
29 years$1,699$1,233$879$617$428$99
30 years$1,624$1,165$819$567$387$84
31 years$1,555$1,101$763$520$350$72
32 years$1,490$1,042$712$478$316$61
33 years$1,429$986$665$440$286$52
34 years$1,372$935$621$405$259$44
35 years$1,318$887$581$372$235$37
36 years$1,267$842$543$343$213$32
37 years$1,220$799$509$316$193$27
38 years$1,174$760$476$291$175$23
39 years$1,132$722$446$269$159$20
40 years$1,091$687$418$248$144$17
41 years$1,053$654$392$229$130$14
42 years$1,016$623$368$211$118$12
43 years$981$594$345$195$107$10
44 years$948$566$324$180$98$9
45 years$917$540$304$166$89$7
46 years$887$515$286$153$80$6
47 years$858$491$269$142$73$5
48 years$830$469$252$131$66$5
49 years$804$448$237$121$60$4
50 years$779$428$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 $798,000, adding $2,519 every year, while hoping to spend $42,142 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: 33/50/17 Blend
49$798,000$798,000$798,000$798,000
50$881,994$839,700$827,331$906,361
51$927,119$836,007$810,208$920,854
52$975,434$830,720$791,099$932,384
53$1,027,220$823,717$769,893$943,911
54$1,082,786$814,868$746,473$955,458
55$1,142,469$804,036$720,719$967,055
56$1,206,641$791,074$692,503$978,738
57$1,275,709$775,827$661,693$990,550
58$1,350,120$758,132$628,149$1,002,545
59$1,430,367$737,815$591,726$1,014,784
60$1,516,989$714,692$552,273$1,027,341
61$1,610,579$688,569$509,631$1,040,301
62$1,711,789$659,240$463,635$1,053,766
63$1,821,336$626,487$414,111$1,067,851
64$1,940,007$590,080$360,879$1,082,690
65$2,068,669$549,776$303,750$1,098,437
66$2,208,274$505,316$242,527$1,115,269
67$2,359,870$456,428$177,003$1,133,388
68$2,524,609$402,825$106,965$1,153,025
69$2,703,758$344,203$32,187$1,174,442
70$2,898,712$280,239$0$1,197,936
71$3,111,006$210,595$0$1,232,481
72$3,342,326$134,913$0$1,276,614
73$3,594,533$52,813$0$1,324,967
74$3,869,670$0$0$1,378,073
75$4,169,989$0$0$1,456,395
76$4,497,966$0$0$1,573,776
77$4,856,331$0$0$1,702,147
78$5,248,086$0$0$1,842,600
79$5,676,536$0$0$1,996,334
80$6,145,323$0$0$2,164,671
81$6,658,454$0$0$2,349,066
82$7,220,342$0$0$2,551,124
83$7,835,850$0$0$2,772,609
84$8,510,328$0$0$3,015,465
85$9,249,673$0$0$3,281,834
86$10,060,377$0$0$3,574,074
87$10,949,591$0$0$3,894,785
88$11,925,190$0$0$4,246,826
89$12,995,851$0$0$4,633,351
90$14,171,130$0$0$5,057,832
91$15,461,552$0$0$5,524,095
92$16,878,715$0$0$6,036,352
93$18,435,390$0$0$6,599,248
94$20,145,650$0$0$7,217,894
95$22,024,998$0$0$7,897,927
96$24,090,510$0$0$8,645,553
97$26,361,001$0$0$9,467,611
98$28,857,201$0$0$10,371,636
99$31,601,945$0$0$11,365,929
100$34,620,394$0$0$12,459,635