Can I retire at age 50 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$64,742$64,165$63,603$63,053$62,517$61,105
2 years$32,050$31,454$30,875$30,314$29,770$28,355
3 years$21,155$20,555$19,978$19,423$18,887$17,514
4 years$15,708$15,110$14,539$13,993$13,471$12,149
5 years$12,441$11,847$11,283$10,748$10,240$8,974
6 years$10,263$9,674$9,118$8,595$8,103$6,893
7 years$8,709$8,124$7,577$7,067$6,590$5,437
8 years$7,543$6,964$6,426$5,928$5,467$4,371
9 years$6,637$6,063$5,535$5,049$4,604$3,563
10 years$5,913$5,344$4,825$4,353$3,923$2,937
11 years$5,320$4,758$4,248$3,788$3,374$2,441
12 years$4,827$4,270$3,770$3,323$2,924$2,043
13 years$4,410$3,859$3,368$2,933$2,549$1,719
14 years$4,053$3,508$3,027$2,604$2,235$1,453
15 years$3,744$3,204$2,733$2,322$1,968$1,233
16 years$3,473$2,940$2,477$2,079$1,739$1,049
17 years$3,235$2,708$2,254$1,868$1,542$895
18 years$3,024$2,502$2,058$1,684$1,371$765
19 years$2,835$2,319$1,884$1,521$1,222$655
20 years$2,665$2,155$1,729$1,378$1,092$562
21 years$2,511$2,007$1,590$1,250$977$483
22 years$2,372$1,874$1,466$1,137$876$415
23 years$2,244$1,752$1,353$1,035$786$357
24 years$2,128$1,642$1,252$944$706$308
25 years$2,021$1,541$1,159$862$636$265
26 years$1,923$1,448$1,075$789$573$229
27 years$1,832$1,363$998$722$516$198
28 years$1,747$1,284$928$661$466$171
29 years$1,669$1,211$864$606$421$147
30 years$1,596$1,144$805$557$380$127
31 years$1,528$1,082$750$511$344$110
32 years$1,464$1,023$700$470$311$95
33 years$1,404$969$653$432$281$82
34 years$1,348$919$610$397$255$71
35 years$1,295$871$571$366$231$61
36 years$1,245$827$534$337$209$53
37 years$1,198$785$500$311$189$46
38 years$1,154$746$468$286$172$40
39 years$1,112$710$438$264$156$34
40 years$1,072$675$411$243$141$30
41 years$1,034$643$385$225$128$26
42 years$998$612$361$207$116$22
43 years$964$583$339$191$106$19
44 years$932$556$318$177$96$17
45 years$901$530$299$163$87$14
46 years$871$506$281$151$79$13
47 years$843$483$264$139$72$11
48 years$816$461$248$129$65$9
49 years$790$440$233$119$59$8
50 years$765$420$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $784,000, adding $2,827 every year, while hoping to spend $30,535 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: 39/49/12 Blend
49$784,000$784,000$784,000$784,000
50$866,884$825,332$813,180$897,451
51$922,817$833,284$807,933$927,328
52$983,432$840,603$801,486$956,411
53$1,049,174$847,224$793,768$987,183
54$1,120,533$853,081$784,702$1,019,812
55$1,198,047$858,102$774,209$1,054,481
56$1,282,309$862,211$762,207$1,091,397
57$1,373,971$865,325$748,607$1,130,787
58$1,473,750$867,360$733,319$1,172,903
59$1,582,434$868,222$716,247$1,218,026
60$1,700,893$867,815$697,291$1,266,466
61$1,830,081$866,036$676,348$1,318,568
62$1,971,052$862,773$653,308$1,374,715
63$2,124,961$857,912$628,056$1,435,329
64$2,293,085$851,327$600,473$1,500,880
65$2,476,826$842,888$570,435$1,571,889
66$2,677,728$832,456$537,811$1,648,932
67$2,897,493$819,883$502,464$1,732,646
68$3,137,992$805,012$464,252$1,823,740
69$3,401,289$787,680$423,026$1,922,995
70$3,689,654$767,709$378,631$2,031,279
71$4,005,587$744,915$330,903$2,149,550
72$4,351,842$719,101$279,674$2,278,871
73$4,731,453$690,060$224,765$2,420,415
74$5,147,758$657,570$165,993$2,575,484
75$5,604,439$621,400$103,163$2,745,514
76$6,105,547$581,304$36,073$2,932,095
77$6,655,545$537,020$0$3,136,987
78$7,259,351$488,275$0$3,366,683
79$7,922,381$434,777$0$3,624,008
80$8,650,601$376,218$0$3,906,746
81$9,450,584$312,274$0$4,217,554
82$10,329,570$242,602$0$4,559,366
83$11,295,537$166,840$0$4,935,426
84$12,357,270$84,604$0$5,349,313
85$13,524,453$0$0$5,804,979
86$14,807,751$0$0$6,309,222
87$16,218,914$0$0$6,913,984
88$17,770,891$0$0$7,579,210
89$19,477,946$0$0$8,311,030
90$21,355,794$0$0$9,116,195
91$23,421,752$0$0$10,002,146
92$25,694,900$0$0$10,977,082
93$28,196,259$0$0$12,050,035
94$30,948,992$0$0$13,230,957
95$33,978,619$0$0$14,530,816
96$37,313,263$0$0$15,961,696
97$40,983,909$0$0$17,536,909
98$45,024,698$0$0$19,271,129
99$49,473,251$0$0$21,180,522
100$54,371,022$0$0$23,282,900