Can I retire at age 50 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,650$65,066$64,495$63,938$63,394$62,837
2 years$32,500$31,895$31,308$30,740$30,188$29,626
3 years$21,452$20,844$20,259$19,695$19,152$18,604
4 years$15,928$15,322$14,743$14,189$13,660$13,128
5 years$12,615$12,013$11,441$10,899$10,384$9,872
6 years$10,407$9,809$9,246$8,716$8,216$7,724
7 years$8,831$8,238$7,684$7,166$6,682$6,209
8 years$7,649$7,061$6,516$6,011$5,543$5,090
9 years$6,730$6,148$5,613$5,120$4,668$4,235
10 years$5,996$5,419$4,893$4,414$3,978$3,563
11 years$5,395$4,825$4,308$3,841$3,421$3,026
12 years$4,895$4,330$3,823$3,369$2,965$2,588
13 years$4,472$3,913$3,416$2,975$2,585$2,227
14 years$4,110$3,557$3,069$2,640$2,266$1,926
15 years$3,796$3,249$2,771$2,355$1,995$1,672
16 years$3,522$2,981$2,512$2,108$1,763$1,457
17 years$3,281$2,746$2,286$1,894$1,564$1,273
18 years$3,066$2,537$2,087$1,707$1,390$1,116
19 years$2,874$2,351$1,910$1,543$1,239$980
20 years$2,702$2,185$1,753$1,397$1,107$862
21 years$2,546$2,035$1,613$1,268$990$760
22 years$2,405$1,900$1,486$1,153$888$670
23 years$2,276$1,777$1,372$1,050$797$592
24 years$2,158$1,665$1,269$958$716$524
25 years$2,050$1,562$1,176$875$645$464
26 years$1,950$1,468$1,090$800$581$411
27 years$1,857$1,382$1,012$732$523$365
28 years$1,772$1,302$941$671$472$324
29 years$1,692$1,228$876$615$427$287
30 years$1,618$1,160$816$564$385$255
31 years$1,549$1,097$761$518$348$227
32 years$1,484$1,038$710$476$315$202
33 years$1,424$983$663$438$285$180
34 years$1,367$931$619$403$258$160
35 years$1,313$883$579$371$234$142
36 years$1,263$838$541$342$212$127
37 years$1,215$796$507$315$192$113
38 years$1,170$757$475$290$174$100
39 years$1,127$720$445$268$158$89
40 years$1,087$685$417$247$143$80
41 years$1,049$652$391$228$130$71
42 years$1,012$621$367$210$118$63
43 years$978$591$344$194$107$56
44 years$945$564$323$179$97$50
45 years$913$538$303$165$88$45
46 years$883$513$285$153$80$40
47 years$855$489$268$141$73$36
48 years$827$467$251$130$66$32
49 years$801$446$236$121$60$28
50 years$776$426$222$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $795,000, adding $4,098 every year, while hoping to spend $43,903 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: 61/29/10 Blend
49$795,000$795,000$795,000$795,000
50$880,317$838,182$825,860$931,765
51$923,397$832,541$806,813$961,104
52$969,400$825,151$785,658$987,711
53$1,018,577$815,882$762,276$1,015,653
54$1,071,204$804,593$736,545$1,045,062
55$1,127,585$791,136$708,337$1,076,082
56$1,188,050$775,353$677,518$1,108,875
57$1,252,965$757,079$643,948$1,143,620
58$1,322,729$736,138$607,482$1,180,519
59$1,397,781$712,341$567,966$1,219,793
60$1,478,602$685,493$525,240$1,261,690
61$1,565,721$655,385$479,138$1,306,484
62$1,659,720$621,794$429,484$1,354,482
63$1,761,238$584,488$376,098$1,406,023
64$1,870,975$543,219$318,789$1,461,484
65$1,989,703$497,726$257,357$1,521,282
66$2,118,271$447,732$191,596$1,585,884
67$2,257,609$392,945$121,289$1,655,804
68$2,408,742$333,057$46,209$1,731,614
69$2,572,798$267,741$0$1,813,948
70$2,751,017$196,654$0$1,907,128
71$2,944,761$119,430$0$2,013,812
72$3,155,531$35,687$0$2,129,956
73$3,384,977$0$0$2,256,545
74$3,634,916$0$0$2,412,216
75$3,907,346$0$0$2,594,365
76$4,204,466$0$0$2,793,079
77$4,528,697$0$0$3,009,987
78$4,882,704$0$0$3,246,877
79$5,269,420$0$0$3,505,721
80$5,692,075$0$0$3,788,689
81$6,154,224$0$0$4,098,169
82$6,659,780$0$0$4,436,791
83$7,213,056$0$0$4,807,453
84$7,818,795$0$0$5,213,342
85$8,482,225$0$0$5,657,970
86$9,209,101$0$0$6,145,207
87$10,005,762$0$0$6,679,310
88$10,879,189$0$0$7,264,972
89$11,837,069$0$0$7,907,358
90$12,887,871$0$0$8,612,161
91$14,040,923$0$0$9,385,649
92$15,306,498$0$0$10,234,727
93$16,695,915$0$0$11,167,000
94$18,221,639$0$0$12,190,848
95$19,897,403$0$0$13,315,500
96$21,738,335$0$0$14,551,123
97$23,761,101$0$0$15,908,920
98$25,984,062$0$0$17,401,230
99$28,427,443$0$0$19,041,647
100$31,113,529$0$0$20,845,151