Can I retire at age 49 with 480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$39,638$39,285$38,940$38,604$38,276$37,185
2 years$19,623$19,257$18,903$18,560$18,227$17,136
3 years$12,952$12,585$12,232$11,891$11,564$10,507
4 years$9,617$9,251$8,901$8,567$8,247$7,234
5 years$7,617$7,253$6,908$6,580$6,269$5,301
6 years$6,284$5,923$5,583$5,262$4,961$4,039
7 years$5,332$4,974$4,639$4,326$4,034$3,159
8 years$4,618$4,264$3,934$3,629$3,347$2,517
9 years$4,064$3,712$3,389$3,091$2,819$2,034
10 years$3,620$3,272$2,954$2,665$2,402$1,661
11 years$3,257$2,913$2,601$2,319$2,065$1,367
12 years$2,955$2,614$2,308$2,034$1,790$1,133
13 years$2,700$2,363$2,062$1,796$1,561$944
14 years$2,481$2,148$1,853$1,594$1,368$789
15 years$2,292$1,962$1,673$1,422$1,205$663
16 years$2,127$1,800$1,517$1,273$1,065$558
17 years$1,981$1,658$1,380$1,144$944$471
18 years$1,851$1,532$1,260$1,031$839$398
19 years$1,735$1,420$1,153$931$748$337
20 years$1,631$1,319$1,059$844$668$286
21 years$1,537$1,229$974$766$598$243
22 years$1,452$1,147$897$696$536$206
23 years$1,374$1,073$829$634$481$176
24 years$1,303$1,005$766$578$433$149
25 years$1,238$943$710$528$389$127
26 years$1,177$887$658$483$351$108
27 years$1,121$834$611$442$316$92
28 years$1,070$786$568$405$285$79
29 years$1,022$742$529$371$258$67
30 years$977$700$493$341$233$57
31 years$935$662$459$313$210$49
32 years$896$627$428$288$190$42
33 years$860$593$400$265$172$36
34 years$825$562$374$243$156$31
35 years$793$533$349$224$141$26
36 years$762$506$327$206$128$22
37 years$734$481$306$190$116$19
38 years$706$457$287$175$105$16
39 years$681$435$268$162$95$14
40 years$656$413$252$149$86$12
41 years$633$394$236$137$78$10
42 years$611$375$221$127$71$9
43 years$590$357$208$117$65$7
44 years$570$340$195$108$59$6
45 years$551$325$183$100$53$5
46 years$533$310$172$92$48$5
47 years$516$295$162$85$44$4
48 years$500$282$152$79$40$3
49 years$484$269$143$73$36$3
50 years$469$257$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $480,000, adding $5,372 every year, while hoping to spend $28,000 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: 63/30/7 Blend
48$480,000$480,000$480,000$480,000
49$534,501$509,061$501,621$567,124
50$559,229$504,213$488,634$584,698
51$585,540$498,190$474,273$600,107
52$613,566$490,903$458,463$616,206
53$643,454$482,260$441,124$633,063
54$675,359$472,164$422,175$650,749
55$709,457$460,511$401,529$669,347
56$745,936$447,191$379,096$688,948
57$785,007$432,089$354,780$709,653
58$826,896$415,080$328,484$731,575
59$871,855$396,035$300,104$754,840
60$920,160$374,816$269,533$779,587
61$972,112$351,277$236,658$805,974
62$1,028,043$325,266$201,362$834,172
63$1,088,318$296,618$163,522$864,376
64$1,153,336$265,162$123,009$896,800
65$1,223,538$230,716$79,691$931,682
66$1,299,405$193,088$33,428$969,287
67$1,381,470$152,074$0$1,009,909
68$1,470,315$107,462$0$1,055,066
69$1,566,583$59,022$0$1,106,671
70$1,670,978$6,518$0$1,162,641
71$1,784,276$0$0$1,223,433
72$1,907,331$0$0$1,306,163
73$2,041,081$0$0$1,398,452
74$2,186,558$0$0$1,498,866
75$2,344,898$0$0$1,608,191
76$2,517,352$0$0$1,727,296
77$2,705,293$0$0$1,857,133
78$2,910,237$0$0$1,998,755
79$3,133,849$0$0$2,153,316
80$3,377,962$0$0$2,322,088
81$3,644,595$0$0$2,506,474
82$3,935,970$0$0$2,708,013
83$4,254,534$0$0$2,928,406
84$4,602,980$0$0$3,169,519
85$4,984,274$0$0$3,433,413
86$5,401,681$0$0$3,722,352
87$5,858,797$0$0$4,038,833
88$6,359,583$0$0$4,385,605
89$6,908,399$0$0$4,765,694
90$7,510,049$0$0$5,182,433
91$8,169,823$0$0$5,639,496
92$8,893,546$0$0$6,140,925
93$9,687,637$0$0$6,691,175
94$10,559,164$0$0$7,295,152
95$11,515,914$0$0$7,958,262
96$12,566,463$0$0$8,686,458
97$13,720,259$0$0$9,486,298
98$14,987,712$0$0$10,365,007
99$16,380,286$0$0$11,330,544
100$17,910,614$0$0$12,391,678