Can I retire at age 49 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$41,290$40,922$40,563$40,213$39,871$39,307
2 years$20,440$20,060$19,691$19,333$18,986$18,420
3 years$13,492$13,109$12,741$12,387$12,046$11,494
4 years$10,018$9,637$9,272$8,924$8,591$8,058
5 years$7,934$7,555$7,196$6,855$6,531$6,018
6 years$6,545$6,169$5,815$5,482$5,168$4,675
7 years$5,554$5,181$4,832$4,507$4,203$3,732
8 years$4,811$4,441$4,098$3,781$3,486$3,036
9 years$4,233$3,867$3,530$3,220$2,936$2,507
10 years$3,771$3,408$3,077$2,776$2,502$2,093
11 years$3,393$3,034$2,709$2,416$2,152$1,763
12 years$3,079$2,723$2,404$2,119$1,864$1,495
13 years$2,813$2,461$2,148$1,871$1,626$1,276
14 years$2,585$2,237$1,930$1,661$1,425$1,094
15 years$2,388$2,044$1,743$1,481$1,255$941
16 years$2,215$1,875$1,580$1,326$1,109$813
17 years$2,063$1,727$1,438$1,191$983$704
18 years$1,928$1,596$1,312$1,074$874$611
19 years$1,808$1,479$1,202$970$779$532
20 years$1,699$1,374$1,103$879$696$463
21 years$1,601$1,280$1,014$798$623$404
22 years$1,512$1,195$935$725$558$353
23 years$1,431$1,118$863$660$501$309
24 years$1,357$1,047$798$602$451$271
25 years$1,289$983$739$550$405$237
26 years$1,226$923$686$503$365$208
27 years$1,168$869$637$460$329$183
28 years$1,114$819$592$422$297$160
29 years$1,064$773$551$387$268$141
30 years$1,018$730$513$355$242$124
31 years$974$690$478$326$219$109
32 years$934$653$446$300$198$96
33 years$895$618$417$276$179$84
34 years$860$586$389$254$162$74
35 years$826$556$364$233$147$65
36 years$794$527$341$215$133$58
37 years$764$501$319$198$121$51
38 years$736$476$298$183$110$45
39 years$709$453$280$168$99$39
40 years$684$431$262$155$90$35
41 years$659$410$246$143$82$31
42 years$637$390$231$132$74$27
43 years$615$372$216$122$67$24
44 years$594$355$203$113$61$21
45 years$574$338$191$104$55$18
46 years$555$323$179$96$50$16
47 years$538$308$168$89$46$14
48 years$520$294$158$82$42$13
49 years$504$281$149$76$38$11
50 years$488$268$140$70$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $500,000, adding $4,451 every year, while hoping to spend $34,533 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: 80/15/5 Blend
48$500,000$500,000$500,000$500,000
49$555,591$529,091$521,341$599,586
50$575,519$518,274$502,063$618,202
51$596,321$505,769$480,982$633,589
52$618,052$491,458$458,001$649,416
53$640,768$475,213$433,018$665,706
54$664,530$456,903$405,929$682,490
55$689,406$436,385$376,621$699,796
56$715,468$413,510$344,980$717,660
57$742,794$388,121$310,886$736,120
58$771,469$360,049$274,210$755,218
59$801,586$329,118$234,823$775,001
60$833,245$295,142$192,587$795,522
61$866,554$257,922$147,357$816,837
62$901,633$217,251$98,984$839,011
63$938,611$172,908$47,311$862,115
64$977,629$124,660$0$886,229
65$1,018,840$72,260$0$911,858
66$1,062,411$15,451$0$941,403
67$1,108,525$0$0$972,455
68$1,157,382$0$0$1,012,745
69$1,209,200$0$0$1,058,189
70$1,264,217$0$0$1,106,445
71$1,322,694$0$0$1,157,743
72$1,384,915$0$0$1,212,334
73$1,451,193$0$0$1,270,493
74$1,521,869$0$0$1,332,522
75$1,597,318$0$0$1,398,749
76$1,677,949$0$0$1,469,536
77$1,764,213$0$0$1,545,280
78$1,856,602$0$0$1,626,413
79$1,955,656$0$0$1,713,412
80$2,061,968$0$0$1,806,801
81$2,176,190$0$0$1,907,151
82$2,299,035$0$0$2,015,093
83$2,431,288$0$0$2,131,318
84$2,573,810$0$0$2,256,584
85$2,727,547$0$0$2,391,725
86$2,893,538$0$0$2,537,657
87$3,072,926$0$0$2,695,386
88$3,266,964$0$0$2,866,019
89$3,477,034$0$0$3,050,771
90$3,704,651$0$0$3,250,979
91$3,951,483$0$0$3,468,112
92$4,219,364$0$0$3,703,787
93$4,510,311$0$0$3,959,782
94$4,826,543$0$0$4,238,052
95$5,170,500$0$0$4,540,748
96$5,544,868$0$0$4,870,238
97$5,952,601$0$0$5,229,125
98$6,396,951$0$0$5,620,275
99$6,881,496$0$0$6,046,842
100$7,410,174$0$0$6,512,298