Can I retire at age 49 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$29,728$29,464$29,205$28,953$28,707$27,799
2 years$14,717$14,443$14,177$13,920$13,670$12,764
3 years$9,714$9,439$9,174$8,919$8,673$7,796
4 years$7,213$6,938$6,676$6,425$6,186$5,346
5 years$5,713$5,440$5,181$4,935$4,702$3,901
6 years$4,713$4,442$4,187$3,947$3,721$2,959
7 years$3,999$3,730$3,479$3,245$3,026$2,304
8 years$3,464$3,198$2,951$2,722$2,510$1,827
9 years$3,048$2,784$2,542$2,319$2,114$1,469
10 years$2,715$2,454$2,216$1,999$1,801$1,194
11 years$2,443$2,185$1,951$1,739$1,549$978
12 years$2,217$1,961$1,731$1,526$1,342$806
13 years$2,025$1,772$1,547$1,347$1,171$668
14 years$1,861$1,611$1,390$1,196$1,026$555
15 years$1,719$1,471$1,255$1,066$904$464
16 years$1,595$1,350$1,138$955$799$388
17 years$1,486$1,243$1,035$858$708$326
18 years$1,388$1,149$945$773$630$274
19 years$1,302$1,065$865$699$561$230
20 years$1,224$989$794$633$501$194
21 years$1,153$922$730$574$449$164
22 years$1,089$860$673$522$402$138
23 years$1,031$805$621$475$361$117
24 years$977$754$575$434$324$99
25 years$928$707$532$396$292$84
26 years$883$665$494$362$263$71
27 years$841$626$458$331$237$60
28 years$802$590$426$304$214$51
29 years$766$556$397$278$193$43
30 years$733$525$369$256$175$37
31 years$701$497$344$235$158$31
32 years$672$470$321$216$143$26
33 years$645$445$300$198$129$22
34 years$619$422$280$183$117$19
35 years$595$400$262$168$106$16
36 years$572$380$245$155$96$14
37 years$550$361$229$143$87$12
38 years$530$343$215$131$79$10
39 years$510$326$201$121$72$8
40 years$492$310$189$112$65$7
41 years$475$295$177$103$59$6
42 years$458$281$166$95$53$5
43 years$443$268$156$88$48$4
44 years$428$255$146$81$44$4
45 years$414$243$137$75$40$3
46 years$400$232$129$69$36$3
47 years$387$222$121$64$33$2
48 years$375$212$114$59$30$2
49 years$363$202$107$55$27$2
50 years$351$193$101$50$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $360,000, adding $3,552 every year, while hoping to spend $20,365 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: 76/17/7 Blend
48$360,000$360,000$360,000$360,000
49$400,384$381,304$375,724$430,186
50$419,555$378,320$366,642$447,287
51$439,999$374,506$356,574$463,061
52$461,824$369,803$345,465$479,759
53$485,149$364,142$333,257$497,466
54$510,104$357,455$319,891$516,273
55$536,832$349,667$305,304$536,282
56$565,489$340,701$289,432$557,606
57$596,246$330,473$272,206$580,369
58$629,293$318,896$253,555$604,707
59$664,837$305,877$233,404$630,773
60$703,103$291,318$211,676$658,733
61$744,341$275,115$188,289$688,772
62$788,826$257,158$163,159$721,093
63$836,858$237,330$136,197$755,922
64$888,768$215,510$107,310$793,506
65$944,919$191,566$76,401$834,121
66$1,005,711$165,363$43,370$878,069
67$1,071,582$136,754$8,112$925,683
68$1,143,016$105,588$0$977,335
69$1,220,543$71,701$0$1,035,634
70$1,304,747$34,923$0$1,099,618
71$1,396,271$0$0$1,169,185
72$1,495,821$0$0$1,245,815
73$1,604,176$0$0$1,336,344
74$1,722,189$0$0$1,434,957
75$1,850,803$0$0$1,542,440
76$1,991,053$0$0$1,659,662
77$2,144,081$0$0$1,787,577
78$2,311,140$0$0$1,927,236
79$2,493,612$0$0$2,079,796
80$2,693,019$0$0$2,246,531
81$2,911,035$0$0$2,428,842
82$3,149,504$0$0$2,628,274
83$3,410,454$0$0$2,846,526
84$3,696,123$0$0$3,085,471
85$4,008,970$0$0$3,347,168
86$4,351,707$0$0$3,633,889
87$4,727,318$0$0$3,948,132
88$5,139,091$0$0$4,292,651
89$5,590,647$0$0$4,670,478
90$6,085,974$0$0$5,084,952
91$6,629,465$0$0$5,539,753
92$7,225,957$0$0$6,038,932
93$7,880,780$0$0$6,586,951
94$8,599,805$0$0$7,188,728
95$9,389,500$0$0$7,849,679
96$10,256,987$0$0$8,575,769
97$11,210,115$0$0$9,373,571
98$12,257,530$0$0$10,250,326
99$13,408,757$0$0$11,214,010
100$14,674,290$0$0$12,273,412