Can I retire at age 49 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$48,722$48,288$47,864$47,451$47,047$45,873
2 years$24,120$23,670$23,235$22,813$22,404$21,228
3 years$15,920$15,469$15,035$14,616$14,214$13,073
4 years$11,821$11,371$10,941$10,530$10,137$9,041
5 years$9,362$8,915$8,491$8,088$7,706$6,657
6 years$7,724$7,280$6,862$6,468$6,098$5,097
7 years$6,554$6,114$5,702$5,318$4,959$4,007
8 years$5,677$5,241$4,836$4,461$4,114$3,210
9 years$4,995$4,563$4,165$3,800$3,465$2,607
10 years$4,450$4,022$3,631$3,276$2,952$2,141
11 years$4,004$3,580$3,197$2,851$2,539$1,773
12 years$3,633$3,214$2,837$2,500$2,200$1,478
13 years$3,319$2,904$2,535$2,208$1,919$1,238
14 years$3,050$2,640$2,278$1,960$1,682$1,042
15 years$2,817$2,412$2,056$1,748$1,481$881
16 years$2,614$2,213$1,864$1,565$1,309$746
17 years$2,435$2,038$1,697$1,406$1,160$634
18 years$2,275$1,883$1,549$1,267$1,032$540
19 years$2,133$1,745$1,418$1,145$920$460
20 years$2,005$1,622$1,301$1,037$821$393
21 years$1,890$1,510$1,197$941$735$336
22 years$1,785$1,410$1,103$856$659$288
23 years$1,689$1,319$1,018$779$591$246
24 years$1,602$1,236$942$711$532$211
25 years$1,521$1,159$872$649$478$181
26 years$1,447$1,090$809$593$431$156
27 years$1,378$1,026$751$543$389$134
28 years$1,315$966$698$498$351$115
29 years$1,256$912$650$456$317$99
30 years$1,201$861$605$419$286$85
31 years$1,150$814$564$385$259$73
32 years$1,102$770$527$354$234$63
33 years$1,057$729$492$325$212$54
34 years$1,014$691$459$299$192$46
35 years$975$656$430$275$174$40
36 years$937$622$402$254$157$34
37 years$902$591$376$234$143$30
38 years$868$562$352$215$129$25
39 years$837$534$330$199$117$22
40 years$807$508$309$183$106$19
41 years$778$484$290$169$96$16
42 years$751$461$272$156$88$14
43 years$725$439$255$144$79$12
44 years$701$418$240$133$72$10
45 years$678$399$225$123$65$9
46 years$655$381$211$113$59$8
47 years$634$363$199$105$54$7
48 years$614$347$187$97$49$6
49 years$595$331$175$89$45$5
50 years$576$316$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $590,000, adding $5,986 every year, while hoping to spend $26,124 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: 56/26/18 Blend
48$590,000$590,000$590,000$590,000
49$656,355$625,085$615,940$689,650
50$695,507$627,918$608,778$715,830
51$737,777$630,015$600,501$741,014
52$783,456$631,311$591,043$767,866
53$832,863$631,739$580,337$796,552
54$886,348$631,227$568,311$827,255
55$944,297$629,699$554,891$860,178
56$1,007,135$627,074$540,000$895,548
57$1,075,327$623,265$523,554$933,613
58$1,149,387$618,182$505,470$974,649
59$1,229,880$611,728$485,658$1,018,962
60$1,317,425$603,800$464,025$1,066,889
61$1,412,705$594,289$440,473$1,118,804
62$1,516,473$583,081$414,901$1,175,120
63$1,629,555$570,054$387,201$1,236,295
64$1,752,861$555,077$357,264$1,302,835
65$1,887,392$538,016$324,972$1,375,299
66$2,034,251$518,724$290,203$1,454,305
67$2,194,652$497,048$252,832$1,540,537
68$2,369,930$472,827$212,726$1,634,750
69$2,561,556$445,890$169,746$1,737,780
70$2,771,150$416,053$123,748$1,850,550
71$3,000,495$383,127$74,580$1,974,080
72$3,251,553$346,908$22,086$2,109,496
73$3,526,487$307,182$0$2,258,045
74$3,827,677$263,723$0$2,427,620
75$4,157,746$216,291$0$2,618,172
76$4,519,581$164,633$0$2,827,169
77$4,916,361$108,484$0$3,056,500
78$5,351,591$47,560$0$3,308,250
79$5,829,127$0$0$3,584,717
80$6,353,220$0$0$3,893,714
81$6,928,550$0$0$4,247,912
82$7,560,273$0$0$4,636,884
83$8,254,071$0$0$5,064,136
84$9,016,199$0$0$5,533,528
85$9,853,551$0$0$6,049,312
86$10,773,721$0$0$6,616,175
87$11,785,073$0$0$7,239,277
88$12,896,825$0$0$7,924,305
89$14,119,131$0$0$8,677,525
90$15,463,177$0$0$9,505,839
91$16,941,289$0$0$10,416,852
92$18,567,045$0$0$11,418,943
93$20,355,407$0$0$12,521,344
94$22,322,860$0$0$13,734,226
95$24,487,565$0$0$15,068,797
96$26,869,536$0$0$16,537,405
97$29,490,821$0$0$18,153,657
98$32,375,716$0$0$19,932,543
99$35,550,990$0$0$21,890,582
100$39,046,140$0$0$24,045,977