Can I retire at age 49 with 550,000?

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 $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%12%
1 years$45,418$45,014$44,619$44,234$43,858$43,490
2 years$22,484$22,066$21,660$21,266$20,885$20,514
3 years$14,841$14,420$14,015$13,626$13,250$12,888
4 years$11,020$10,600$10,200$9,816$9,450$9,100
5 years$8,728$8,311$7,915$7,540$7,184$6,846
6 years$7,200$6,786$6,397$6,030$5,684$5,359
7 years$6,109$5,699$5,316$4,957$4,623$4,311
8 years$5,292$4,885$4,508$4,159$3,835$3,536
9 years$4,656$4,254$3,883$3,542$3,230$2,943
10 years$4,148$3,749$3,385$3,053$2,752$2,478
11 years$3,732$3,338$2,980$2,657$2,367$2,106
12 years$3,386$2,996$2,645$2,331$2,051$1,802
13 years$3,094$2,707$2,363$2,058$1,788$1,552
14 years$2,843$2,461$2,123$1,827$1,568$1,343
15 years$2,626$2,248$1,917$1,629$1,380$1,167
16 years$2,437$2,063$1,738$1,459$1,220$1,017
17 years$2,270$1,900$1,582$1,311$1,082$890
18 years$2,121$1,755$1,444$1,181$962$780
19 years$1,989$1,627$1,322$1,067$857$686
20 years$1,869$1,512$1,213$967$766$604
21 years$1,762$1,408$1,116$877$685$532
22 years$1,664$1,314$1,028$798$614$470
23 years$1,575$1,229$949$726$551$416
24 years$1,493$1,152$878$663$496$368
25 years$1,418$1,081$813$605$446$326
26 years$1,349$1,016$754$553$402$289
27 years$1,285$956$700$506$362$257
28 years$1,226$901$651$464$327$228
29 years$1,171$850$606$425$295$203
30 years$1,120$803$564$390$267$180
31 years$1,072$759$526$359$241$160
32 years$1,027$718$491$330$218$143
33 years$985$680$458$303$197$127
34 years$946$644$428$279$179$113
35 years$908$611$400$257$162$101
36 years$874$580$375$236$147$90
37 years$841$551$351$218$133$80
38 years$809$524$328$201$120$71
39 years$780$498$308$185$109$64
40 years$752$474$288$171$99$57
41 years$725$451$270$158$90$51
42 years$700$429$254$145$82$45
43 years$676$409$238$134$74$40
44 years$653$390$223$124$67$36
45 years$632$372$210$114$61$32
46 years$611$355$197$106$55$29
47 years$591$339$185$98$50$25
48 years$572$323$174$90$46$23
49 years$554$309$163$83$41$20
50 years$537$295$154$77$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $550,000, adding $5,684 every year, while hoping to spend $26,954 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: 60/19/21 Blend
48$550,000$550,000$550,000$550,000
49$611,963$582,813$574,288$644,976
50$645,704$582,692$564,848$667,892
51$681,984$581,662$554,188$689,431
52$721,032$579,649$542,239$712,328
53$763,102$576,577$528,929$736,718
54$808,472$572,362$514,181$762,752
55$857,447$566,918$497,917$790,599
56$910,362$560,153$480,053$820,443
57$967,586$551,968$460,502$852,489
58$1,029,525$542,260$439,174$886,966
59$1,096,624$530,918$415,974$924,126
60$1,169,373$517,826$390,802$964,247
61$1,248,310$502,860$363,555$1,007,640
62$1,334,028$485,891$334,124$1,054,646
63$1,427,179$466,779$302,397$1,105,644
64$1,528,479$445,379$268,256$1,161,053
65$1,638,717$421,536$231,575$1,221,337
66$1,758,761$395,086$192,228$1,287,010
67$1,889,566$365,856$150,078$1,358,640
68$2,032,182$333,664$104,986$1,436,853
69$2,187,766$298,315$56,805$1,522,346
70$2,357,591$259,605$5,381$1,615,884
71$2,543,059$217,319$0$1,718,318
72$2,745,711$171,229$0$1,841,677
73$2,967,247$121,092$0$1,977,915
74$3,209,536$66,655$0$2,127,009
75$3,474,637$7,649$0$2,290,268
76$3,764,816$0$0$2,469,133
77$4,082,570$0$0$2,676,948
78$4,430,649$0$0$2,906,390
79$4,812,078$0$0$3,157,862
80$5,230,192$0$0$3,433,567
81$5,688,664$0$0$3,735,932
82$6,191,537$0$0$4,067,631
83$6,743,266$0$0$4,431,608
84$7,348,757$0$0$4,831,107
85$8,013,415$0$0$5,269,701
86$8,743,194$0$0$5,751,324
87$9,544,650$0$0$6,280,313
88$10,425,010$0$0$6,861,442
89$11,392,230$0$0$7,499,973
90$12,455,079$0$0$8,201,703
91$13,623,215$0$0$8,973,016
92$14,907,278$0$0$9,820,948
93$16,318,993$0$0$10,753,248
94$17,871,275$0$0$11,778,455
95$19,578,353$0$0$12,905,977
96$21,455,906$0$0$14,146,179
97$23,521,207$0$0$15,510,482
98$25,793,288$0$0$17,011,467
99$28,293,118$0$0$18,662,998
100$31,043,802$0$0$20,480,351