Can I retire at age 50 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$65,568$64,984$64,414$63,858$63,315$61,436
2 years$32,459$31,855$31,269$30,701$30,150$28,272
3 years$21,425$20,817$20,233$19,670$19,128$17,311
4 years$15,908$15,303$14,724$14,171$13,642$11,899
5 years$12,599$11,998$11,427$10,885$10,371$8,707
6 years$10,394$9,797$9,235$8,705$8,206$6,623
7 years$8,820$8,228$7,674$7,157$6,674$5,171
8 years$7,639$7,053$6,508$6,004$5,536$4,113
9 years$6,722$6,141$5,605$5,114$4,663$3,317
10 years$5,988$5,413$4,887$4,408$3,973$2,703
11 years$5,388$4,818$4,302$3,836$3,417$2,221
12 years$4,889$4,325$3,818$3,365$2,961$1,837
13 years$4,466$3,908$3,411$2,971$2,582$1,527
14 years$4,105$3,553$3,065$2,637$2,263$1,275
15 years$3,791$3,245$2,767$2,352$1,993$1,068
16 years$3,518$2,978$2,509$2,106$1,761$897
17 years$3,276$2,742$2,283$1,892$1,562$755
18 years$3,062$2,534$2,084$1,705$1,389$637
19 years$2,871$2,348$1,908$1,541$1,238$539
20 years$2,699$2,182$1,751$1,395$1,105$456
21 years$2,543$2,033$1,611$1,266$989$386
22 years$2,402$1,897$1,484$1,151$887$327
23 years$2,273$1,775$1,371$1,049$796$278
24 years$2,155$1,663$1,268$956$715$236
25 years$2,047$1,560$1,174$873$644$201
26 years$1,947$1,467$1,089$799$580$170
27 years$1,855$1,380$1,011$731$523$145
28 years$1,770$1,301$940$670$472$123
29 years$1,690$1,227$875$614$426$105
30 years$1,616$1,159$815$564$385$89
31 years$1,547$1,095$760$518$348$76
32 years$1,483$1,036$709$476$315$65
33 years$1,422$981$662$438$285$55
34 years$1,365$930$618$403$258$47
35 years$1,312$882$578$371$234$40
36 years$1,261$837$541$341$212$34
37 years$1,213$795$506$314$192$29
38 years$1,168$756$474$290$174$25
39 years$1,126$719$444$267$158$21
40 years$1,086$684$416$247$143$18
41 years$1,047$651$390$227$130$15
42 years$1,011$620$366$210$118$13
43 years$976$591$344$194$107$11
44 years$943$563$322$179$97$10
45 years$912$537$303$165$88$8
46 years$882$512$284$153$80$7
47 years$854$489$267$141$73$6
48 years$826$467$251$130$66$5
49 years$800$446$236$120$60$4
50 years$775$426$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $794,000, adding $5,570 every year, while hoping to spend $44,764 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: 66/18/16 Blend
49$794,000$794,000$794,000$794,000
50$880,733$838,651$826,344$935,105
51$922,940$832,117$806,398$965,621
52$967,951$823,762$784,284$993,246
53$1,016,005$813,450$759,881$1,022,341
54$1,067,365$801,036$733,064$1,053,047
55$1,122,317$786,367$703,703$1,085,524
56$1,181,176$769,282$671,659$1,119,947
57$1,244,286$749,607$636,790$1,156,510
58$1,312,026$727,161$598,945$1,195,430
59$1,384,812$701,751$557,969$1,236,946
60$1,463,099$673,173$513,697$1,281,326
61$1,547,388$641,211$465,959$1,328,864
62$1,638,229$605,637$414,576$1,379,887
63$1,736,225$566,210$359,361$1,434,759
64$1,842,040$522,675$300,120$1,493,881
65$1,956,402$474,761$236,648$1,557,699
66$2,080,114$422,182$168,735$1,626,708
67$2,214,055$364,639$96,157$1,701,454
68$2,359,195$301,812$18,684$1,782,544
69$2,516,596$233,364$0$1,870,647
70$2,687,430$158,941$0$1,977,433
71$2,872,985$78,166$0$2,096,912
72$3,074,677$0$0$2,226,847
73$3,294,064$0$0$2,370,144
74$3,532,860$0$0$2,543,016
75$3,792,951$0$0$2,731,350
76$4,076,414$0$0$2,936,657
77$4,385,532$0$0$3,160,597
78$4,722,820$0$0$3,404,997
79$5,091,045$0$0$3,671,869
80$5,493,253$0$0$3,963,428
81$5,932,799$0$0$4,282,113
82$6,413,375$0$0$4,630,608
83$6,939,045$0$0$5,011,869
84$7,514,286$0$0$5,429,149
85$8,144,027$0$0$5,886,034
86$8,833,694$0$0$6,386,468
87$9,589,266$0$0$6,934,799
88$10,417,323$0$0$7,535,813
89$11,325,116$0$0$8,194,780
90$12,320,629$0$0$8,917,506
91$13,412,654$0$0$9,710,387
92$14,610,879$0$0$10,580,466
93$15,925,973$0$0$11,535,500
94$17,369,686$0$0$12,584,037
95$18,954,965$0$0$13,735,489
96$20,696,070$0$0$15,000,229
97$22,608,710$0$0$16,389,678
98$24,710,191$0$0$17,916,424
99$27,019,578$0$0$19,594,329
100$29,557,874$0$0$21,438,670