Can I retire at age 49 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$40,464$40,103$39,752$39,408$39,073$38,909
2 years$20,032$19,658$19,297$18,946$18,606$18,440
3 years$13,222$12,847$12,486$12,139$11,805$11,642
4 years$9,817$9,444$9,087$8,746$8,419$8,261
5 years$7,775$7,404$7,052$6,717$6,400$6,248
6 years$6,415$6,046$5,699$5,372$5,064$4,917
7 years$5,443$5,077$4,736$4,417$4,119$3,977
8 years$4,714$4,352$4,016$3,705$3,417$3,281
9 years$4,148$3,789$3,459$3,156$2,877$2,747
10 years$3,695$3,340$3,016$2,720$2,452$2,327
11 years$3,325$2,974$2,655$2,368$2,109$1,989
12 years$3,017$2,669$2,356$2,077$1,827$1,713
13 years$2,756$2,412$2,105$1,833$1,593$1,484
14 years$2,533$2,192$1,892$1,627$1,397$1,293
15 years$2,340$2,003$1,708$1,451$1,230$1,131
16 years$2,171$1,838$1,548$1,300$1,087$993
17 years$2,022$1,692$1,409$1,168$964$874
18 years$1,890$1,564$1,286$1,052$857$772
19 years$1,772$1,449$1,177$951$764$683
20 years$1,665$1,347$1,081$861$682$606
21 years$1,569$1,254$994$782$610$538
22 years$1,482$1,171$916$711$547$479
23 years$1,403$1,095$846$647$491$427
24 years$1,330$1,026$782$590$442$381
25 years$1,263$963$725$539$397$340
26 years$1,202$905$672$493$358$304
27 years$1,145$852$624$451$323$272
28 years$1,092$803$580$413$291$243
29 years$1,043$757$540$379$263$218
30 years$997$715$503$348$238$196
31 years$955$676$469$319$215$175
32 years$915$640$437$294$194$157
33 years$878$606$408$270$176$141
34 years$842$574$382$248$159$127
35 years$809$544$357$229$144$114
36 years$778$517$334$211$131$102
37 years$749$491$312$194$118$92
38 years$721$466$292$179$107$83
39 years$695$444$274$165$97$74
40 years$670$422$257$152$88$67
41 years$646$402$241$140$80$60
42 years$624$383$226$130$73$54
43 years$603$365$212$120$66$49
44 years$582$347$199$110$60$44
45 years$563$331$187$102$54$39
46 years$544$316$175$94$49$35
47 years$527$302$165$87$45$32
48 years$510$288$155$80$41$29
49 years$494$275$146$74$37$26
50 years$478$263$137$69$34$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $490,000, adding $2,729 every year, while hoping to spend $21,455 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: 81/12/7 Blend
48$490,000$490,000$490,000$490,000
49$542,795$516,825$509,230$586,152
50$575,332$519,321$503,461$617,422
51$610,469$521,221$496,780$648,607
52$648,448$522,472$489,133$682,179
53$689,536$523,019$480,466$718,366
54$734,025$522,804$470,718$757,418
55$782,239$521,765$459,830$799,610
56$834,530$519,834$447,738$845,245
57$891,290$516,943$434,374$894,657
58$952,945$513,017$419,669$948,215
59$1,019,967$507,977$403,550$1,006,324
60$1,092,875$501,739$385,940$1,069,430
61$1,172,239$494,215$366,760$1,138,026
62$1,258,687$485,311$345,926$1,212,655
63$1,352,909$474,928$323,351$1,293,914
64$1,455,666$462,959$298,943$1,382,462
65$1,567,794$449,294$272,607$1,479,025
66$1,690,214$433,814$244,245$1,584,403
67$1,823,940$416,395$213,751$1,699,478
68$1,970,087$396,904$181,017$1,825,221
69$2,129,884$375,201$145,930$1,962,703
70$2,304,685$351,138$108,371$2,113,106
71$2,495,979$324,560$68,217$2,277,729
72$2,705,405$295,299$25,338$2,458,007
73$2,934,770$263,183$0$2,655,520
74$3,186,062$228,025$0$2,873,535
75$3,461,473$189,630$0$3,114,568
76$3,763,414$147,793$0$3,378,849
77$4,094,543$102,295$0$3,668,723
78$4,457,785$52,907$0$3,986,775
79$4,856,365$0$0$4,335,849
80$5,293,832$0$0$4,719,165
81$5,774,098$0$0$5,147,664
82$6,301,470$0$0$5,618,205
83$6,880,694$0$0$6,135,023
84$7,516,997$0$0$6,702,786
85$8,216,140$0$0$7,326,633
86$8,984,466$0$0$8,012,227
87$9,828,965$0$0$8,765,808
88$10,757,337$0$0$9,594,249
89$11,778,067$0$0$10,505,122
90$12,900,501$0$0$11,506,770
91$14,134,937$0$0$12,608,385
92$15,492,721$0$0$13,820,094
93$16,986,353$0$0$15,153,056
94$18,629,607$0$0$16,619,565
95$20,437,658$0$0$18,233,166
96$22,427,228$0$0$20,008,783
97$24,616,739$0$0$21,962,863
98$27,026,490$0$0$24,113,524
99$29,678,850$0$0$26,480,731
100$32,598,464$0$0$29,086,484