Can I retire at age 50 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$65,816$65,229$64,657$64,099$63,554$62,604
2 years$32,582$31,975$31,387$30,817$30,264$29,309
3 years$21,506$20,896$20,309$19,745$19,201$18,271
4 years$15,968$15,361$14,780$14,225$13,694$12,796
5 years$12,647$12,043$11,470$10,926$10,410$9,546
6 years$10,433$9,834$9,269$8,738$8,237$7,409
7 years$8,853$8,259$7,703$7,184$6,699$5,907
8 years$7,668$7,079$6,533$6,026$5,557$4,801
9 years$6,747$6,164$5,627$5,133$4,680$3,959
10 years$6,011$5,433$4,905$4,425$3,988$3,301
11 years$5,409$4,837$4,319$3,851$3,430$2,777
12 years$4,907$4,341$3,833$3,378$2,972$2,353
13 years$4,483$3,923$3,424$2,982$2,592$2,005
14 years$4,120$3,566$3,077$2,647$2,272$1,716
15 years$3,806$3,258$2,778$2,361$2,000$1,475
16 years$3,531$2,989$2,519$2,114$1,768$1,272
17 years$3,289$2,753$2,292$1,899$1,568$1,100
18 years$3,074$2,544$2,092$1,712$1,394$954
19 years$2,882$2,357$1,915$1,547$1,242$828
20 years$2,709$2,191$1,758$1,401$1,110$721
21 years$2,553$2,040$1,617$1,271$993$628
22 years$2,411$1,905$1,490$1,156$890$548
23 years$2,282$1,781$1,376$1,053$799$479
24 years$2,163$1,669$1,272$960$718$419
25 years$2,055$1,566$1,178$877$646$366
26 years$1,955$1,472$1,093$802$582$321
27 years$1,862$1,385$1,015$734$525$281
28 years$1,776$1,305$944$672$474$247
29 years$1,697$1,232$878$617$428$216
30 years$1,622$1,163$818$566$386$190
31 years$1,553$1,099$762$520$349$167
32 years$1,488$1,040$711$478$316$146
33 years$1,427$985$664$439$286$129
34 years$1,370$934$621$404$259$113
35 years$1,316$886$580$372$234$99
36 years$1,266$841$543$343$212$87
37 years$1,218$798$508$316$193$77
38 years$1,173$759$476$291$175$67
39 years$1,130$721$446$268$158$59
40 years$1,090$686$418$247$144$52
41 years$1,051$653$392$228$130$46
42 years$1,015$622$367$211$118$40
43 years$980$593$345$194$107$36
44 years$947$565$324$180$97$31
45 years$915$539$304$166$88$28
46 years$885$514$285$153$80$24
47 years$857$491$268$142$73$21
48 years$829$468$252$131$66$19
49 years$803$447$237$121$60$16
50 years$778$427$223$112$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $797,000, adding $2,618 every year, while hoping to spend $51,203 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: 55/39/6 Blend
49$797,000$797,000$797,000$797,000
50$880,994$838,753$826,400$928,150
51$916,376$825,373$799,605$946,874
52$953,651$809,620$770,196$961,331
53$992,958$791,326$738,032$975,812
54$1,034,447$770,309$702,964$990,328
55$1,078,286$746,379$664,838$1,004,889
56$1,124,653$719,334$623,492$1,019,514
57$1,173,746$688,959$578,757$1,034,223
58$1,225,779$655,029$530,456$1,049,044
59$1,280,987$617,304$478,405$1,064,009
60$1,339,627$575,531$422,411$1,079,158
61$1,401,979$529,443$362,273$1,094,541
62$1,468,352$478,756$297,779$1,110,215
63$1,539,081$423,172$228,712$1,126,247
64$1,614,534$362,374$154,841$1,142,717
65$1,695,115$296,029$75,926$1,159,720
66$1,781,266$223,784$0$1,177,363
67$1,873,472$145,267$0$1,196,302
68$1,972,264$60,083$0$1,221,373
69$2,078,225$0$0$1,247,894
70$2,191,996$0$0$1,289,884
71$2,314,277$0$0$1,362,781
72$2,445,840$0$0$1,441,264
73$2,587,531$0$0$1,525,846
74$2,740,280$0$0$1,617,090
75$2,905,106$0$0$1,715,612
76$3,083,133$0$0$1,822,090
77$3,275,591$0$0$1,937,272
78$3,483,837$0$0$2,061,976
79$3,709,359$0$0$2,197,103
80$3,953,795$0$0$2,343,645
81$4,218,945$0$0$2,502,690
82$4,506,789$0$0$2,675,438
83$4,819,504$0$0$2,863,207
84$5,159,487$0$0$3,067,447
85$5,529,372$0$0$3,289,753
86$5,932,060$0$0$3,531,882
87$6,370,740$0$0$3,795,765
88$6,848,925$0$0$4,083,528
89$7,370,478$0$0$4,397,512
90$7,939,653$0$0$4,740,292
91$8,561,131$0$0$5,114,704
92$9,240,067$0$0$5,523,870
93$9,982,133$0$0$5,971,225
94$10,793,577$0$0$6,460,555
95$11,681,276$0$0$6,996,024
96$12,652,804$0$0$7,582,221
97$13,716,498$0$0$8,224,197
98$14,881,542$0$0$8,927,515
99$16,158,048$0$0$9,698,301
100$17,557,154$0$0$10,543,304