Can I retire at age 50 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$64,659$64,083$63,522$62,973$62,438$61,252
2 years$32,010$31,413$30,836$30,276$29,732$28,542
3 years$21,128$20,529$19,953$19,398$18,863$17,706
4 years$15,688$15,091$14,520$13,975$13,453$12,338
5 years$12,425$11,832$11,268$10,734$10,227$9,157
6 years$10,250$9,661$9,107$8,584$8,092$7,068
7 years$8,697$8,114$7,568$7,058$6,581$5,604
8 years$7,533$6,955$6,418$5,920$5,460$4,528
9 years$6,629$6,055$5,528$5,043$4,598$3,712
10 years$5,905$5,338$4,819$4,347$3,918$3,076
11 years$5,314$4,752$4,243$3,783$3,369$2,572
12 years$4,821$4,265$3,765$3,318$2,920$2,165
13 years$4,404$3,854$3,364$2,930$2,546$1,832
14 years$4,048$3,503$3,023$2,601$2,232$1,558
15 years$3,739$3,200$2,729$2,319$1,965$1,330
16 years$3,469$2,936$2,474$2,077$1,737$1,139
17 years$3,231$2,704$2,252$1,866$1,540$978
18 years$3,020$2,499$2,055$1,682$1,369$842
19 years$2,831$2,316$1,882$1,519$1,220$726
20 years$2,661$2,152$1,727$1,376$1,090$627
21 years$2,508$2,005$1,588$1,249$976$542
22 years$2,369$1,871$1,464$1,136$874$469
23 years$2,242$1,750$1,352$1,034$785$407
24 years$2,125$1,640$1,250$943$706$353
25 years$2,019$1,539$1,158$861$635$307
26 years$1,920$1,446$1,074$788$572$266
27 years$1,829$1,361$997$721$516$232
28 years$1,745$1,283$927$661$465$201
29 years$1,667$1,210$863$606$420$175
30 years$1,594$1,143$803$556$380$153
31 years$1,526$1,080$749$511$343$133
32 years$1,462$1,022$699$469$310$116
33 years$1,402$968$653$431$281$101
34 years$1,346$917$610$397$254$88
35 years$1,293$870$570$365$230$77
36 years$1,244$826$533$337$209$67
37 years$1,197$784$499$310$189$58
38 years$1,152$745$467$286$172$51
39 years$1,110$709$438$264$156$44
40 years$1,070$674$410$243$141$39
41 years$1,033$642$385$224$128$34
42 years$997$611$361$207$116$29
43 years$963$583$339$191$105$26
44 years$930$555$318$176$96$22
45 years$899$529$299$163$87$19
46 years$870$505$280$150$79$17
47 years$842$482$263$139$72$15
48 years$815$460$248$128$65$13
49 years$789$439$233$119$59$11
50 years$764$420$219$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $783,000, adding $2,651 every year, while hoping to spend $55,540 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: 44/31/25 Blend
49$783,000$783,000$783,000$783,000
50$865,601$824,102$811,965$897,306
51$894,798$805,388$780,072$901,369
52$925,111$783,897$745,249$900,209
53$956,597$759,432$707,339$897,857
54$989,314$731,788$666,178$894,231
55$1,023,324$700,746$621,596$889,249
56$1,058,697$666,076$573,413$882,821
57$1,095,504$627,534$521,442$874,855
58$1,133,823$584,860$465,488$865,254
59$1,173,737$537,783$405,346$853,919
60$1,215,338$486,014$340,804$840,742
61$1,258,720$429,247$271,640$825,615
62$1,303,990$367,160$197,619$808,424
63$1,351,258$299,412$118,501$789,050
64$1,400,647$225,644$34,032$767,369
65$1,452,289$145,476$0$743,254
66$1,506,323$58,506$0$731,539
67$1,562,906$0$0$727,781
68$1,622,202$0$0$734,999
69$1,684,393$0$0$763,530
70$1,749,674$0$0$793,508
71$1,818,258$0$0$825,034
72$1,890,376$0$0$858,220
73$1,966,281$0$0$893,185
74$2,046,244$0$0$930,061
75$2,130,565$0$0$968,990
76$2,219,568$0$0$1,010,127
77$2,313,608$0$0$1,053,643
78$2,413,071$0$0$1,099,723
79$2,518,378$0$0$1,148,569
80$2,629,991$0$0$1,200,402
81$2,748,412$0$0$1,255,466
82$2,874,192$0$0$1,314,023
83$3,007,934$0$0$1,376,363
84$3,150,295$0$0$1,442,804
85$3,301,996$0$0$1,513,693
86$3,463,829$0$0$1,589,410
87$3,636,656$0$0$1,670,371
88$3,821,426$0$0$1,757,034
89$4,019,179$0$0$1,849,900
90$4,231,054$0$0$1,949,517
91$4,458,300$0$0$2,056,490
92$4,702,289$0$0$2,171,481
93$4,964,526$0$0$2,295,214
94$5,246,664$0$0$2,428,490
95$5,550,516$0$0$2,572,183
96$5,878,074$0$0$2,727,256
97$6,231,528$0$0$2,894,767
98$6,613,281$0$0$3,075,878
99$7,025,977$0$0$3,271,867
100$7,472,519$0$0$3,484,137