Can I retire at age 50 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$65,237$64,656$64,089$63,536$62,996$60,568
2 years$32,296$31,694$31,111$30,546$29,998$27,581
3 years$21,317$20,713$20,131$19,571$19,032$16,702
4 years$15,828$15,226$14,650$14,100$13,574$11,348
5 years$12,536$11,937$11,369$10,830$10,319$8,203
6 years$10,342$9,748$9,188$8,661$8,165$6,161
7 years$8,775$8,186$7,635$7,121$6,640$4,748
8 years$7,601$7,017$6,475$5,973$5,509$3,726
9 years$6,688$6,110$5,577$5,088$4,639$2,963
10 years$5,958$5,385$4,862$4,386$3,953$2,380
11 years$5,361$4,794$4,281$3,817$3,399$1,926
12 years$4,864$4,303$3,799$3,348$2,946$1,569
13 years$4,444$3,889$3,394$2,956$2,569$1,284
14 years$4,084$3,535$3,050$2,624$2,252$1,055
15 years$3,772$3,229$2,753$2,340$1,983$869
16 years$3,500$2,963$2,496$2,095$1,752$718
17 years$3,260$2,728$2,272$1,883$1,554$595
18 years$3,047$2,521$2,074$1,697$1,382$493
19 years$2,856$2,337$1,898$1,533$1,231$410
20 years$2,685$2,171$1,742$1,388$1,100$341
21 years$2,530$2,022$1,603$1,260$984$283
22 years$2,390$1,888$1,477$1,146$882$236
23 years$2,262$1,766$1,364$1,043$792$197
24 years$2,144$1,654$1,261$952$712$164
25 years$2,037$1,553$1,168$869$641$137
26 years$1,938$1,459$1,083$795$577$114
27 years$1,846$1,373$1,006$727$520$95
28 years$1,761$1,294$935$666$469$80
29 years$1,682$1,221$870$611$424$66
30 years$1,608$1,153$811$561$383$56
31 years$1,539$1,090$756$515$346$46
32 years$1,475$1,031$705$473$313$39
33 years$1,415$977$658$435$283$32
34 years$1,358$926$615$401$257$27
35 years$1,305$878$575$369$232$23
36 years$1,255$833$538$340$211$19
37 years$1,207$791$504$313$191$16
38 years$1,163$752$472$288$173$13
39 years$1,120$715$442$266$157$11
40 years$1,080$680$414$245$142$9
41 years$1,042$648$388$226$129$8
42 years$1,006$617$364$209$117$6
43 years$971$588$342$193$106$5
44 years$939$560$321$178$97$5
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$3
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$2
49 years$796$443$235$120$60$2
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $790,000, adding $4,958 every year, while hoping to spend $56,504 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: 42/44/14 Blend
49$790,000$790,000$790,000$790,000
50$875,694$833,824$821,579$908,687
51$904,895$814,562$788,982$913,102
52$935,181$792,462$753,400$911,902
53$966,602$767,325$714,671$909,374
54$999,214$738,942$672,631$905,424
55$1,033,073$707,090$627,104$899,950
56$1,068,242$671,533$577,907$892,846
57$1,104,787$632,022$524,851$884,000
58$1,142,779$588,295$467,737$873,295
59$1,182,292$540,071$406,357$860,607
60$1,223,409$487,058$340,493$845,806
61$1,266,217$428,943$269,919$828,757
62$1,310,808$365,399$194,398$809,318
63$1,357,284$296,077$113,684$787,338
64$1,405,753$220,611$27,518$762,662
65$1,456,331$138,612$0$735,125
66$1,509,145$49,672$0$714,182
67$1,564,331$0$0$695,042
68$1,622,034$0$0$696,028
69$1,682,416$0$0$722,252
70$1,745,646$0$0$749,740
71$1,811,912$0$0$778,576
72$1,881,416$0$0$808,854
73$1,954,377$0$0$840,672
74$2,031,033$0$0$874,139
75$2,111,643$0$0$909,373
76$2,196,490$0$0$946,502
77$2,285,878$0$0$985,665
78$2,380,142$0$0$1,027,016
79$2,479,647$0$0$1,070,721
80$2,584,787$0$0$1,116,960
81$2,695,997$0$0$1,165,931
82$2,813,748$0$0$1,217,852
83$2,938,557$0$0$1,272,958
84$3,070,988$0$0$1,331,508
85$3,211,656$0$0$1,393,784
86$3,361,237$0$0$1,460,096
87$3,520,467$0$0$1,530,782
88$3,690,155$0$0$1,606,213
89$3,871,185$0$0$1,686,797
90$4,064,526$0$0$1,772,977
91$4,271,240$0$0$1,865,242
92$4,492,491$0$0$1,964,129
93$4,729,555$0$0$2,070,224
94$4,983,833$0$0$2,184,172
95$5,256,862$0$0$2,306,680
96$5,550,326$0$0$2,438,525
97$5,866,078$0$0$2,580,561
98$6,206,149$0$0$2,733,723
99$6,572,773$0$0$2,899,040
100$6,968,400$0$0$3,077,645