Can I retire at age 49 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$25,600$25,371$25,149$24,932$24,720$24,421
2 years$12,673$12,437$12,208$11,986$11,771$11,471
3 years$8,365$8,128$7,900$7,680$7,468$7,175
4 years$6,211$5,975$5,749$5,533$5,326$5,043
5 years$4,919$4,684$4,461$4,250$4,049$3,776
6 years$4,058$3,825$3,605$3,399$3,204$2,942
7 years$3,443$3,212$2,996$2,794$2,606$2,354
8 years$2,983$2,754$2,541$2,344$2,162$1,921
9 years$2,624$2,397$2,189$1,997$1,820$1,591
10 years$2,338$2,113$1,908$1,721$1,551$1,332
11 years$2,104$1,881$1,680$1,498$1,334$1,126
12 years$1,909$1,689$1,491$1,314$1,156$958
13 years$1,744$1,526$1,332$1,160$1,008$820
14 years$1,603$1,387$1,197$1,030$884$705
15 years$1,480$1,267$1,080$918$778$609
16 years$1,373$1,163$980$822$688$528
17 years$1,279$1,071$891$739$610$459
18 years$1,196$989$814$666$542$400
19 years$1,121$917$745$602$483$349
20 years$1,054$852$684$545$432$305
21 years$993$794$629$494$386$267
22 years$938$741$580$450$346$235
23 years$887$693$535$409$311$206
24 years$841$649$495$373$279$181
25 years$799$609$458$341$251$159
26 years$760$573$425$312$226$140
27 years$724$539$395$285$204$124
28 years$691$508$367$262$184$109
29 years$660$479$342$240$166$96
30 years$631$452$318$220$150$85
31 years$604$428$297$202$136$75
32 years$579$405$277$186$123$66
33 years$555$383$258$171$111$59
34 years$533$363$241$157$101$52
35 years$512$344$226$145$91$46
36 years$492$327$211$133$83$40
37 years$474$311$198$123$75$36
38 years$456$295$185$113$68$32
39 years$440$281$173$104$62$28
40 years$424$267$163$96$56$25
41 years$409$254$152$89$51$22
42 years$395$242$143$82$46$19
43 years$381$231$134$76$42$17
44 years$368$220$126$70$38$15
45 years$356$210$118$65$34$13
46 years$344$200$111$60$31$12
47 years$333$191$104$55$28$11
48 years$323$182$98$51$26$9
49 years$312$174$92$47$23$8
50 years$303$166$87$43$21$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $310,000, adding $6,146 every year, while hoping to spend $23,554 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: 42/31/27 Blend
48$310,000$310,000$310,000$310,000
49$347,960$331,530$326,725$359,605
50$358,390$322,713$312,609$359,733
51$369,095$312,676$297,230$357,186
52$380,078$301,332$280,522$353,972
53$391,341$288,592$262,415$350,046
54$402,886$274,362$242,835$345,356
55$414,716$258,540$221,705$339,850
56$426,830$241,022$198,945$333,471
57$439,229$221,694$174,472$326,159
58$451,912$200,438$148,198$317,852
59$464,876$177,130$120,032$308,481
60$478,120$151,635$89,879$297,976
61$491,637$123,815$57,640$286,261
62$505,423$93,521$23,210$273,258
63$519,470$60,597$0$258,881
64$533,769$24,879$0$246,939
65$548,307$0$0$240,829
66$563,071$0$0$238,500
67$578,044$0$0$244,734
68$593,207$0$0$251,034
69$608,537$0$0$257,388
70$624,008$0$0$263,784
71$639,588$0$0$270,207
72$655,244$0$0$276,639
73$670,935$0$0$283,063
74$686,615$0$0$289,455
75$702,233$0$0$295,791
76$717,729$0$0$302,043
77$733,039$0$0$308,178
78$748,086$0$0$314,163
79$762,786$0$0$319,957
80$777,045$0$0$325,514
81$790,758$0$0$330,785
82$803,804$0$0$335,714
83$816,051$0$0$340,239
84$827,350$0$0$344,289
85$837,536$0$0$347,786
86$846,423$0$0$350,644
87$853,806$0$0$352,766
88$859,455$0$0$354,044
89$863,115$0$0$354,360
90$864,502$0$0$353,581
91$863,301$0$0$351,559
92$859,162$0$0$348,131
93$851,696$0$0$343,115
94$840,474$0$0$336,312
95$825,017$0$0$327,498
96$804,795$0$0$316,426
97$779,224$0$0$302,825
98$747,653$0$0$286,391
99$709,363$0$0$266,790
100$663,560$0$0$243,652