Can I retire at age 50 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$65,320$64,738$64,171$63,616$63,075$61,401
2 years$32,337$31,734$31,151$30,585$30,036$28,361
3 years$21,344$20,739$20,157$19,596$19,056$17,433
4 years$15,848$15,245$14,669$14,118$13,591$12,031
5 years$12,552$11,952$11,384$10,844$10,332$8,840
6 years$10,355$9,760$9,200$8,672$8,175$6,754
7 years$8,786$8,196$7,645$7,130$6,648$5,297
8 years$7,610$7,026$6,484$5,981$5,516$4,233
9 years$6,696$6,117$5,584$5,094$4,645$3,431
10 years$5,965$5,392$4,868$4,391$3,958$2,810
11 years$5,368$4,800$4,286$3,822$3,404$2,321
12 years$4,870$4,308$3,804$3,352$2,950$1,930
13 years$4,449$3,894$3,398$2,960$2,572$1,613
14 years$4,089$3,539$3,054$2,627$2,255$1,354
15 years$3,777$3,233$2,757$2,343$1,985$1,141
16 years$3,504$2,966$2,500$2,098$1,755$964
17 years$3,264$2,732$2,275$1,885$1,556$816
18 years$3,051$2,524$2,076$1,699$1,383$693
19 years$2,860$2,340$1,901$1,535$1,233$589
20 years$2,688$2,174$1,744$1,390$1,101$501
21 years$2,533$2,025$1,605$1,262$986$427
22 years$2,393$1,890$1,479$1,147$883$365
23 years$2,265$1,768$1,365$1,045$793$311
24 years$2,147$1,656$1,263$953$713$266
25 years$2,039$1,554$1,170$870$641$228
26 years$1,940$1,461$1,085$796$578$195
27 years$1,848$1,375$1,007$728$521$167
28 years$1,763$1,296$936$667$470$143
29 years$1,684$1,222$871$612$424$122
30 years$1,610$1,154$812$562$383$105
31 years$1,541$1,091$757$516$347$90
32 years$1,477$1,032$706$474$314$77
33 years$1,417$978$659$436$284$66
34 years$1,360$927$616$401$257$57
35 years$1,307$879$576$369$233$49
36 years$1,256$834$539$340$211$42
37 years$1,209$792$504$313$191$36
38 years$1,164$753$472$289$173$31
39 years$1,122$716$442$266$157$26
40 years$1,081$681$415$246$143$23
41 years$1,043$649$389$227$129$19
42 years$1,007$618$365$209$117$17
43 years$973$588$342$193$106$14
44 years$940$561$321$178$97$12
45 years$909$535$302$165$88$11
46 years$879$510$283$152$80$9
47 years$850$487$266$140$72$8
48 years$823$465$250$130$66$7
49 years$797$444$235$120$60$6
50 years$772$424$221$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $791,000, adding $3,942 every year, while hoping to spend $54,576 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: 51/19/30 Blend
49$791,000$791,000$791,000$791,000
50$875,748$833,825$821,565$912,814
51$907,006$816,614$791,019$921,915
52$939,623$796,731$757,620$926,059
53$973,680$773,986$721,216$929,514
54$1,009,265$748,181$681,646$932,241
55$1,046,472$719,104$638,743$934,197
56$1,085,403$686,531$592,332$935,344
57$1,126,170$650,226$542,231$935,638
58$1,168,891$609,939$488,247$935,038
59$1,213,697$565,405$430,183$933,503
60$1,260,729$516,345$367,829$930,993
61$1,310,140$462,463$300,968$927,466
62$1,362,097$403,446$229,373$922,884
63$1,416,781$338,965$152,807$917,210
64$1,474,389$268,670$71,022$910,408
65$1,535,135$192,193$0$902,446
66$1,599,253$109,146$0$898,497
67$1,666,999$19,116$0$917,933
68$1,738,651$0$0$938,064
69$1,814,511$0$0$975,345
70$1,894,914$0$0$1,019,132
71$1,980,219$0$0$1,065,632
72$2,070,825$0$0$1,115,064
73$2,167,164$0$0$1,167,672
74$2,269,711$0$0$1,223,721
75$2,378,985$0$0$1,283,500
76$2,495,554$0$0$1,347,328
77$2,620,042$0$0$1,415,553
78$2,753,130$0$0$1,488,557
79$2,895,568$0$0$1,566,759
80$3,048,175$0$0$1,650,618
81$3,211,852$0$0$1,740,638
82$3,387,586$0$0$1,837,373
83$3,576,461$0$0$1,941,429
84$3,779,666$0$0$2,053,473
85$3,998,508$0$0$2,174,237
86$4,234,421$0$0$2,304,525
87$4,488,981$0$0$2,445,221
88$4,763,920$0$0$2,597,296
89$5,061,140$0$0$2,761,815
90$5,382,733$0$0$2,939,954
91$5,730,997$0$0$3,132,999
92$6,108,459$0$0$3,342,371
93$6,517,899$0$0$3,569,627
94$6,962,373$0$0$3,816,483
95$7,445,242$0$0$4,084,825
96$7,970,203$0$0$4,376,728
97$8,541,326$0$0$4,694,476
98$9,163,085$0$0$5,040,580
99$9,840,406$0$0$5,417,806
100$10,578,708$0$0$5,829,197