Can I retire at age 49 with 600,000?

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 $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%15.9%
1 years$49,547$49,106$48,676$48,255$47,845$46,688
2 years$24,528$24,072$23,629$23,200$22,783$21,625
3 years$16,190$15,731$15,289$14,864$14,455$13,331
4 years$12,021$11,564$11,127$10,709$10,309$9,228
5 years$9,521$9,066$8,635$8,225$7,837$6,802
6 years$7,855$7,403$6,978$6,578$6,201$5,214
7 years$6,665$6,217$5,799$5,408$5,043$4,103
8 years$5,773$5,329$4,918$4,537$4,184$3,291
9 years$5,079$4,640$4,236$3,864$3,523$2,677
10 years$4,525$4,090$3,693$3,331$3,002$2,200
11 years$4,072$3,641$3,251$2,899$2,582$1,824
12 years$3,694$3,268$2,885$2,543$2,237$1,523
13 years$3,375$2,953$2,578$2,245$1,951$1,278
14 years$3,102$2,685$2,316$1,993$1,710$1,077
15 years$2,865$2,452$2,091$1,777$1,506$911
16 years$2,658$2,250$1,896$1,591$1,331$773
17 years$2,476$2,072$1,725$1,430$1,180$658
18 years$2,314$1,915$1,575$1,289$1,049$561
19 years$2,169$1,775$1,442$1,164$935$479
20 years$2,039$1,649$1,323$1,054$835$410
21 years$1,922$1,536$1,217$957$748$351
22 years$1,815$1,434$1,122$870$670$301
23 years$1,718$1,341$1,036$792$601$258
24 years$1,629$1,256$958$723$541$221
25 years$1,547$1,179$887$660$486$190
26 years$1,472$1,108$823$604$438$164
27 years$1,402$1,043$764$552$395$141
28 years$1,337$983$710$506$356$121
29 years$1,277$927$661$464$322$104
30 years$1,221$876$616$426$291$90
31 years$1,169$828$574$391$263$77
32 years$1,120$783$536$360$238$67
33 years$1,075$742$500$331$215$57
34 years$1,032$703$467$304$195$50
35 years$991$667$437$280$177$43
36 years$953$633$409$258$160$37
37 years$917$601$382$238$145$32
38 years$883$571$358$219$131$27
39 years$851$543$336$202$119$24
40 years$820$517$315$186$108$20
41 years$791$492$295$172$98$18
42 years$764$468$277$159$89$15
43 years$738$446$260$146$81$13
44 years$713$425$244$135$73$11
45 years$689$406$229$125$67$10
46 years$667$387$215$115$60$8
47 years$645$369$202$107$55$7
48 years$624$353$190$98$50$6
49 years$605$337$178$91$45$5
50 years$586$322$168$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $600,000, adding $6,003 every year, while hoping to spend $20,083 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: 56/29/15 Blend
48$600,000$600,000$600,000$600,000
49$667,392$635,592$626,292$701,833
50$714,098$645,368$625,905$735,674
51$764,895$654,950$624,831$769,821
52$820,178$664,307$623,028$806,558
53$880,385$673,406$620,447$846,135
54$945,994$682,212$617,042$888,831
55$1,017,533$690,688$612,760$934,952
56$1,095,582$698,794$607,549$984,836
57$1,180,783$706,485$601,353$1,038,856
58$1,273,837$713,718$594,113$1,097,424
59$1,375,520$720,442$585,767$1,160,992
60$1,486,685$726,605$576,253$1,230,062
61$1,608,271$732,153$565,501$1,305,186
62$1,741,312$737,026$553,443$1,386,974
63$1,886,947$741,161$540,004$1,476,097
64$2,046,429$744,492$525,108$1,573,298
65$2,221,139$746,946$508,673$1,679,393
66$2,412,598$748,449$490,616$1,795,286
67$2,622,480$748,920$470,849$1,921,972
68$2,852,630$748,274$449,279$2,060,548
69$3,105,078$746,420$425,810$2,212,227
70$3,382,063$743,261$400,342$2,378,343
71$3,686,049$738,696$372,769$2,560,371
72$4,019,751$732,617$342,981$2,759,936
73$4,386,158$724,908$310,864$2,978,831
74$4,788,565$715,447$276,297$3,219,033
75$5,230,601$704,106$239,155$3,482,722
76$5,716,263$690,748$199,307$3,772,304
77$6,249,955$675,228$156,617$4,090,432
78$6,836,528$657,392$110,941$4,440,030
79$7,481,328$637,078$62,132$4,824,325
80$8,190,243$614,114$10,033$5,246,874
81$8,969,760$588,319$0$5,711,601
82$9,827,028$559,498$0$6,230,125
83$10,769,921$527,450$0$6,802,111
84$11,807,116$491,958$0$7,431,241
85$12,948,173$452,796$0$8,123,344
86$14,203,625$409,721$0$8,884,848
87$15,585,077$362,479$0$9,722,837
88$17,105,317$310,803$0$10,645,120
89$18,778,433$254,407$0$11,660,305
90$20,619,952$192,991$0$12,777,882
91$22,646,978$126,239$0$14,008,311
92$24,878,361$53,815$0$15,363,121
93$27,334,868$0$0$16,855,021
94$30,039,384$0$0$18,505,881
95$33,017,127$0$0$20,342,497
96$36,295,882$0$0$22,364,841
97$39,906,266$0$0$24,591,809
98$43,882,019$0$0$27,044,218
99$48,260,315$0$0$29,745,010
100$53,082,121$0$0$32,719,465