Can I retire at age 49 with 550,000?

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 $550,000?

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 years$45,418$45,014$44,619$44,234$43,858$43,310
2 years$22,484$22,066$21,660$21,266$20,885$20,333
3 years$14,841$14,420$14,015$13,626$13,250$12,712
4 years$11,020$10,600$10,200$9,816$9,450$8,930
5 years$8,728$8,311$7,915$7,540$7,184$6,683
6 years$7,200$6,786$6,397$6,030$5,684$5,204
7 years$6,109$5,699$5,316$4,957$4,623$4,163
8 years$5,292$4,885$4,508$4,159$3,835$3,395
9 years$4,656$4,254$3,883$3,542$3,230$2,809
10 years$4,148$3,749$3,385$3,053$2,752$2,351
11 years$3,732$3,338$2,980$2,657$2,367$1,985
12 years$3,386$2,996$2,645$2,331$2,051$1,688
13 years$3,094$2,707$2,363$2,058$1,788$1,444
14 years$2,843$2,461$2,123$1,827$1,568$1,242
15 years$2,626$2,248$1,917$1,629$1,380$1,072
16 years$2,437$2,063$1,738$1,459$1,220$928
17 years$2,270$1,900$1,582$1,311$1,082$806
18 years$2,121$1,755$1,444$1,181$962$702
19 years$1,989$1,627$1,322$1,067$857$612
20 years$1,869$1,512$1,213$967$766$535
21 years$1,762$1,408$1,116$877$685$468
22 years$1,664$1,314$1,028$798$614$411
23 years$1,575$1,229$949$726$551$360
24 years$1,493$1,152$878$663$496$317
25 years$1,418$1,081$813$605$446$278
26 years$1,349$1,016$754$553$402$245
27 years$1,285$956$700$506$362$216
28 years$1,226$901$651$464$327$190
29 years$1,171$850$606$425$295$167
30 years$1,120$803$564$390$267$148
31 years$1,072$759$526$359$241$130
32 years$1,027$718$491$330$218$115
33 years$985$680$458$303$197$102
34 years$946$644$428$279$179$90
35 years$908$611$400$257$162$79
36 years$874$580$375$236$147$70
37 years$841$551$351$218$133$62
38 years$809$524$328$201$120$55
39 years$780$498$308$185$109$48
40 years$752$474$288$171$99$43
41 years$725$451$270$158$90$38
42 years$700$429$254$145$82$33
43 years$676$409$238$134$74$30
44 years$653$390$223$124$67$26
45 years$632$372$210$114$61$23
46 years$611$355$197$106$55$20
47 years$591$339$185$98$50$18
48 years$572$323$174$90$46$16
49 years$554$309$163$83$41$14
50 years$537$295$154$77$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $550,000, adding $4,574 every year, while hoping to spend $21,221 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: 47/42/11 Blend
48$550,000$550,000$550,000$550,000
49$610,818$581,668$573,143$637,456
50$650,543$587,591$569,764$662,227
51$693,608$593,093$565,561$686,529
52$740,332$598,130$560,484$712,425
53$791,065$602,658$554,479$740,069
54$846,192$606,627$547,493$769,632
55$906,138$609,985$539,468$801,306
56$971,367$612,678$530,343$835,299
57$1,042,393$614,645$520,056$871,845
58$1,119,779$615,826$508,541$911,202
59$1,204,148$616,152$495,728$953,653
60$1,296,182$615,555$481,546$999,513
61$1,396,634$613,958$465,918$1,049,131
62$1,506,331$611,283$448,767$1,102,891
63$1,626,185$607,444$430,010$1,161,220
64$1,757,201$602,353$409,559$1,224,587
65$1,900,482$595,915$387,326$1,293,513
66$2,057,245$588,029$363,215$1,368,573
67$2,228,829$578,588$337,129$1,450,402
68$2,416,710$567,479$308,963$1,539,704
69$2,622,512$554,583$278,611$1,637,255
70$2,848,024$539,773$245,960$1,743,912
71$3,095,216$522,915$210,893$1,860,624
72$3,366,256$503,867$173,286$1,988,438
73$3,663,536$482,478$133,013$2,128,511
74$3,989,687$458,589$89,939$2,282,120
75$4,347,608$432,033$43,925$2,450,679
76$4,740,493$402,632$0$2,635,746
77$5,171,859$370,196$0$2,839,650
78$5,645,581$334,528$0$3,069,227
79$6,165,928$295,418$0$3,321,434
80$6,737,602$252,643$0$3,598,608
81$7,365,783$205,968$0$3,903,329
82$8,056,178$155,146$0$4,238,444
83$8,815,075$99,915$0$4,607,094
84$9,649,401$39,998$0$5,012,745
85$10,566,785$0$0$5,459,219
86$11,575,638$0$0$5,962,243
87$12,685,220$0$0$6,535,893
88$13,905,740$0$0$7,166,969
89$15,248,442$0$0$7,861,294
90$16,725,715$0$0$8,625,283
91$18,351,210$0$0$9,466,007
92$20,139,970$0$0$10,391,254
93$22,108,566$0$0$11,409,608
94$24,275,261$0$0$12,530,524
95$26,660,174$0$0$13,764,424
96$29,285,477$0$0$15,122,789
97$32,175,599$0$0$16,618,271
98$35,357,457$0$0$18,264,810
99$38,860,714$0$0$20,077,768
100$42,718,052$0$0$22,074,070