Can I retire at age 49 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$42,115$41,740$41,374$41,017$40,668$40,143
2 years$20,849$20,461$20,085$19,720$19,366$18,838
3 years$13,761$13,371$12,996$12,635$12,286$11,772
4 years$10,218$9,829$9,458$9,103$8,763$8,265
5 years$8,093$7,706$7,340$6,992$6,661$6,182
6 years$6,676$6,293$5,932$5,591$5,271$4,811
7 years$5,665$5,285$4,929$4,597$4,287$3,846
8 years$4,907$4,530$4,180$3,856$3,556$3,135
9 years$4,317$3,944$3,600$3,285$2,995$2,593
10 years$3,846$3,477$3,139$2,831$2,552$2,169
11 years$3,461$3,095$2,764$2,464$2,195$1,830
12 years$3,140$2,778$2,453$2,161$1,902$1,555
13 years$2,869$2,510$2,191$1,908$1,658$1,330
14 years$2,637$2,282$1,969$1,694$1,454$1,142
15 years$2,435$2,085$1,778$1,511$1,280$985
16 years$2,259$1,913$1,612$1,353$1,131$853
17 years$2,104$1,761$1,466$1,215$1,003$740
18 years$1,967$1,628$1,339$1,095$892$644
19 years$1,844$1,508$1,226$990$795$561
20 years$1,733$1,402$1,125$896$710$490
21 years$1,633$1,306$1,035$813$635$429
22 years$1,543$1,219$953$740$570$376
23 years$1,460$1,140$880$674$511$329
24 years$1,384$1,068$814$614$460$289
25 years$1,315$1,002$754$561$414$254
26 years$1,251$942$699$513$372$223
27 years$1,192$887$649$470$336$196
28 years$1,137$835$604$430$303$173
29 years$1,086$788$562$395$274$152
30 years$1,038$744$523$362$247$134
31 years$994$704$488$333$224$118
32 years$952$666$455$306$202$104
33 years$913$630$425$281$183$92
34 years$877$598$397$259$166$81
35 years$842$567$371$238$150$72
36 years$810$538$347$219$136$63
37 years$779$511$325$202$123$56
38 years$751$486$304$186$112$49
39 years$723$462$285$172$101$44
40 years$697$439$267$158$92$39
41 years$673$418$251$146$83$34
42 years$649$398$235$135$76$30
43 years$627$379$221$124$69$27
44 years$606$362$207$115$62$23
45 years$586$345$194$106$57$21
46 years$567$329$183$98$51$18
47 years$548$314$172$91$47$16
48 years$531$300$161$84$42$14
49 years$514$286$152$77$38$13
50 years$498$273$143$71$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $510,000, adding $6,729 every year, while hoping to spend $37,708 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: 53/31/16 Blend
48$510,000$510,000$510,000$510,000
49$568,961$541,931$534,026$596,327
50$586,874$528,365$511,795$602,212
51$605,350$512,870$487,555$604,051
52$624,408$495,312$461,200$605,211
53$644,064$475,549$432,617$605,639
54$664,338$453,431$401,689$605,277
55$685,250$428,798$368,295$604,065
56$706,819$401,482$332,306$601,938
57$729,065$371,306$293,589$598,830
58$752,011$338,080$252,005$594,668
59$775,677$301,607$207,409$589,376
60$800,086$261,677$159,647$582,874
61$825,262$218,066$108,562$575,077
62$851,228$170,540$53,988$565,897
63$878,009$118,852$0$555,237
64$905,630$62,740$0$543,724
65$934,117$1,928$0$540,410
66$963,498$0$0$535,988
67$993,800$0$0$552,165
68$1,025,051$0$0$569,527
69$1,057,282$0$0$587,433
70$1,090,522$0$0$605,900
71$1,124,802$0$0$624,944
72$1,160,154$0$0$644,584
73$1,196,613$0$0$664,838
74$1,234,211$0$0$685,724
75$1,272,983$0$0$707,263
76$1,312,966$0$0$729,474
77$1,354,197$0$0$752,378
78$1,396,714$0$0$775,996
79$1,440,555$0$0$800,349
80$1,485,762$0$0$825,460
81$1,532,375$0$0$851,352
82$1,580,437$0$0$878,049
83$1,629,992$0$0$905,574
84$1,681,085$0$0$933,952
85$1,733,762$0$0$963,210
86$1,788,069$0$0$993,372
87$1,844,056$0$0$1,024,466
88$1,901,772$0$0$1,056,520
89$1,961,269$0$0$1,089,561
90$2,022,597$0$0$1,123,619
91$2,085,812$0$0$1,158,722
92$2,150,967$0$0$1,194,902
93$2,218,118$0$0$1,232,189
94$2,287,324$0$0$1,270,614
95$2,358,641$0$0$1,310,210
96$2,432,130$0$0$1,351,009
97$2,507,851$0$0$1,393,046
98$2,585,867$0$0$1,436,354
99$2,666,240$0$0$1,480,967
100$2,749,035$0$0$1,526,921