Can I retire at age 49 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$49,547$49,106$48,676$48,255$47,845$47,130
2 years$24,528$24,072$23,629$23,200$22,783$22,065
3 years$16,190$15,731$15,289$14,864$14,455$13,755
4 years$12,021$11,564$11,127$10,709$10,309$9,633
5 years$9,521$9,066$8,635$8,225$7,837$7,187
6 years$7,855$7,403$6,978$6,578$6,201$5,578
7 years$6,665$6,217$5,799$5,408$5,043$4,447
8 years$5,773$5,329$4,918$4,537$4,184$3,614
9 years$5,079$4,640$4,236$3,864$3,523$2,980
10 years$4,525$4,090$3,693$3,331$3,002$2,485
11 years$4,072$3,641$3,251$2,899$2,582$2,091
12 years$3,694$3,268$2,885$2,543$2,237$1,771
13 years$3,375$2,953$2,578$2,245$1,951$1,509
14 years$3,102$2,685$2,316$1,993$1,710$1,292
15 years$2,865$2,452$2,091$1,777$1,506$1,111
16 years$2,658$2,250$1,896$1,591$1,331$958
17 years$2,476$2,072$1,725$1,430$1,180$828
18 years$2,314$1,915$1,575$1,289$1,049$718
19 years$2,169$1,775$1,442$1,164$935$624
20 years$2,039$1,649$1,323$1,054$835$543
21 years$1,922$1,536$1,217$957$748$473
22 years$1,815$1,434$1,122$870$670$413
23 years$1,718$1,341$1,036$792$601$360
24 years$1,629$1,256$958$723$541$315
25 years$1,547$1,179$887$660$486$276
26 years$1,472$1,108$823$604$438$242
27 years$1,402$1,043$764$552$395$212
28 years$1,337$983$710$506$356$186
29 years$1,277$927$661$464$322$163
30 years$1,221$876$616$426$291$143
31 years$1,169$828$574$391$263$125
32 years$1,120$783$536$360$238$110
33 years$1,075$742$500$331$215$97
34 years$1,032$703$467$304$195$85
35 years$991$667$437$280$177$75
36 years$953$633$409$258$160$66
37 years$917$601$382$238$145$58
38 years$883$571$358$219$131$51
39 years$851$543$336$202$119$45
40 years$820$517$315$186$108$39
41 years$791$492$295$172$98$35
42 years$764$468$277$159$89$30
43 years$738$446$260$146$81$27
44 years$713$425$244$135$73$24
45 years$689$406$229$125$67$21
46 years$667$387$215$115$60$18
47 years$645$369$202$107$55$16
48 years$624$353$190$98$50$14
49 years$605$337$178$91$45$12
50 years$586$322$168$84$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $600,000, adding $3,645 every year, while hoping to spend $47,145 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: 65/25/10 Blend
48$600,000$600,000$600,000$600,000
49$664,960$633,160$623,860$706,525
50$682,624$614,023$594,597$715,551
51$700,509$592,368$562,774$719,524
52$718,589$568,022$528,255$722,656
53$736,833$540,802$490,899$724,862
54$755,202$510,514$450,557$726,049
55$773,657$476,953$407,074$726,120
56$792,148$439,903$360,290$724,965
57$810,623$399,133$310,035$722,469
58$829,019$354,403$256,134$718,505
59$847,266$305,456$198,401$712,938
60$865,286$252,022$136,646$705,621
61$882,988$193,815$70,667$696,395
62$900,275$130,533$256$685,086
63$917,031$61,857$0$671,509
64$933,132$0$0$663,451
65$948,436$0$0$656,704
66$962,786$0$0$666,269
67$976,003$0$0$675,000
68$987,892$0$0$682,756
69$998,231$0$0$689,379
70$1,006,777$0$0$694,693
71$1,013,257$0$0$698,501
72$1,017,367$0$0$700,585
73$1,018,769$0$0$700,703
74$1,017,091$0$0$698,585
75$1,011,915$0$0$693,934
76$1,002,780$0$0$686,417
77$989,174$0$0$675,668
78$970,530$0$0$661,277
79$946,219$0$0$642,795
80$915,544$0$0$619,720
81$877,733$0$0$591,500
82$831,933$0$0$557,521
83$777,199$0$0$517,106
84$712,485$0$0$469,503
85$636,634$0$0$413,885
86$548,368$0$0$349,332
87$446,273$0$0$274,833
88$328,786$0$0$189,265
89$194,181$0$0$91,390
90$40,550$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0