Can I retire at age 50 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$64,990$64,411$63,846$63,295$62,756$61,972
2 years$32,173$31,574$30,993$30,430$29,884$29,095
3 years$21,236$20,634$20,055$19,497$18,960$18,190
4 years$15,768$15,168$14,595$14,046$13,522$12,778
5 years$12,488$11,892$11,326$10,789$10,279$9,563
6 years$10,303$9,711$9,153$8,628$8,134$7,446
7 years$8,742$8,155$7,606$7,094$6,615$5,956
8 years$7,572$6,990$6,451$5,951$5,488$4,858
9 years$6,662$6,086$5,556$5,069$4,621$4,020
10 years$5,935$5,365$4,844$4,369$3,938$3,364
11 years$5,341$4,776$4,264$3,803$3,387$2,841
12 years$4,846$4,287$3,785$3,335$2,935$2,416
13 years$4,427$3,874$3,381$2,945$2,559$2,067
14 years$4,068$3,521$3,038$2,614$2,243$1,777
15 years$3,758$3,217$2,743$2,331$1,975$1,533
16 years$3,487$2,951$2,487$2,087$1,746$1,328
17 years$3,248$2,718$2,263$1,875$1,548$1,153
18 years$3,035$2,512$2,066$1,690$1,376$1,004
19 years$2,845$2,328$1,891$1,527$1,227$876
20 years$2,675$2,163$1,736$1,383$1,096$766
21 years$2,521$2,015$1,596$1,255$981$670
22 years$2,381$1,881$1,471$1,141$879$587
23 years$2,253$1,759$1,359$1,039$789$516
24 years$2,136$1,648$1,256$948$709$453
25 years$2,029$1,547$1,164$866$638$398
26 years$1,930$1,454$1,079$792$575$350
27 years$1,839$1,368$1,002$725$518$309
28 years$1,754$1,289$932$664$468$272
29 years$1,675$1,216$867$609$422$240
30 years$1,602$1,148$808$559$382$211
31 years$1,534$1,086$753$513$345$186
32 years$1,469$1,027$702$472$312$165
33 years$1,409$973$656$434$282$145
34 years$1,353$922$613$399$256$128
35 years$1,300$875$573$367$232$113
36 years$1,250$830$536$338$210$100
37 years$1,203$788$502$312$190$89
38 years$1,158$749$470$287$172$78
39 years$1,116$712$440$265$156$69
40 years$1,076$678$413$244$142$61
41 years$1,038$645$387$225$129$54
42 years$1,002$614$363$208$117$48
43 years$968$585$340$192$106$42
44 years$935$558$320$177$96$37
45 years$904$532$300$164$87$33
46 years$874$508$282$151$79$29
47 years$846$484$265$140$72$26
48 years$819$463$249$129$65$23
49 years$793$442$234$119$59$20
50 years$768$422$220$110$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $787,000, adding $2,906 every year, while hoping to spend $54,027 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: 58/17/25 Blend
49$787,000$787,000$787,000$787,000
50$870,272$828,561$816,362$914,700
51$901,555$811,676$786,226$928,486
52$934,218$792,153$753,269$937,504
53$968,346$769,805$717,341$946,190
54$1,004,028$744,436$678,282$954,527
55$1,041,362$715,837$635,928$962,497
56$1,080,454$683,786$590,105$970,083
57$1,121,419$648,050$540,632$977,272
58$1,164,381$608,383$487,321$984,049
59$1,209,476$564,521$429,974$990,404
60$1,256,850$516,190$368,386$996,327
61$1,306,662$463,097$302,340$1,001,814
62$1,359,086$404,933$231,613$1,006,862
63$1,414,310$341,372$155,969$1,011,473
64$1,472,540$272,069$75,164$1,015,654
65$1,533,999$196,661$0$1,019,416
66$1,598,932$114,762$0$1,025,732
67$1,667,604$25,967$0$1,053,264
68$1,740,307$0$0$1,082,049
69$1,817,358$0$0$1,125,332
70$1,899,103$0$0$1,176,439
71$1,985,923$0$0$1,230,752
72$2,078,230$0$0$1,288,537
73$2,176,481$0$0$1,350,081
74$2,281,170$0$0$1,415,702
75$2,392,842$0$0$1,485,745
76$2,512,093$0$0$1,560,590
77$2,639,576$0$0$1,640,653
78$2,776,006$0$0$1,726,390
79$2,922,169$0$0$1,818,302
80$3,078,926$0$0$1,916,938
81$3,247,220$0$0$2,022,899
82$3,428,089$0$0$2,136,846
83$3,622,671$0$0$2,259,506
84$3,832,216$0$0$2,391,676
85$4,058,094$0$0$2,534,230
86$4,301,815$0$0$2,688,131
87$4,565,033$0$0$2,854,435
88$4,849,570$0$0$3,034,304
89$5,157,425$0$0$3,229,014
90$5,490,796$0$0$3,439,969
91$5,852,102$0$0$3,668,711
92$6,244,001$0$0$3,916,937
93$6,669,415$0$0$4,186,515
94$7,131,559$0$0$4,479,496
95$7,633,972$0$0$4,798,138
96$8,180,542$0$0$5,144,927
97$8,775,552$0$0$5,522,595
98$9,423,712$0$0$5,934,151
99$10,130,205$0$0$6,382,907
100$10,900,737$0$0$6,872,504