Can I retire at age 49 with 640,000?

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 $640,000?

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$52,851$52,380$51,921$51,472$51,034$49,801
2 years$26,164$25,676$25,204$24,746$24,302$23,067
3 years$17,269$16,780$16,309$15,855$15,418$14,220
4 years$12,823$12,335$11,869$11,423$10,996$9,844
5 years$10,156$9,671$9,211$8,774$8,359$7,256
6 years$8,378$7,897$7,443$7,016$6,614$5,561
7 years$7,109$6,632$6,186$5,769$5,379$4,377
8 years$6,158$5,685$5,246$4,839$4,463$3,510
9 years$5,418$4,950$4,518$4,122$3,758$2,855
10 years$4,827$4,363$3,939$3,553$3,202$2,347
11 years$4,343$3,884$3,468$3,092$2,754$1,946
12 years$3,941$3,486$3,078$2,712$2,387$1,624
13 years$3,600$3,150$2,750$2,395$2,081$1,363
14 years$3,309$2,864$2,471$2,126$1,824$1,149
15 years$3,056$2,616$2,231$1,896$1,606$972
16 years$2,835$2,400$2,022$1,697$1,420$825
17 years$2,641$2,210$1,840$1,525$1,259$702
18 years$2,468$2,042$1,680$1,374$1,119$598
19 years$2,314$1,893$1,538$1,242$998$511
20 years$2,175$1,759$1,411$1,125$891$437
21 years$2,050$1,638$1,298$1,021$797$374
22 years$1,936$1,529$1,197$928$715$321
23 years$1,832$1,430$1,105$845$642$275
24 years$1,737$1,340$1,022$771$577$236
25 years$1,650$1,258$946$704$519$203
26 years$1,570$1,182$878$644$467$175
27 years$1,495$1,112$815$589$421$150
28 years$1,426$1,048$758$540$380$129
29 years$1,362$989$705$495$343$111
30 years$1,303$934$657$454$310$96
31 years$1,247$883$612$417$280$83
32 years$1,195$835$571$384$254$71
33 years$1,146$791$533$353$230$61
34 years$1,100$750$498$324$208$53
35 years$1,057$711$466$299$188$46
36 years$1,016$675$436$275$171$39
37 years$978$641$408$253$155$34
38 years$942$609$382$234$140$29
39 years$908$579$358$215$127$25
40 years$875$551$335$199$115$22
41 years$844$525$315$183$105$19
42 years$815$500$295$169$95$16
43 years$787$476$277$156$86$14
44 years$760$454$260$144$78$12
45 years$735$433$244$133$71$10
46 years$711$413$229$123$64$9
47 years$688$394$215$114$59$8
48 years$666$376$202$105$53$7
49 years$645$359$190$97$48$6
50 years$625$343$179$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $640,000, adding $4,473 every year, while hoping to spend $51,861 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: 55/30/15 Blend
48$640,000$640,000$640,000$640,000
49$709,894$675,974$666,054$745,901
50$727,123$653,917$633,187$748,841
51$744,372$629,041$597,481$746,063
52$761,587$601,153$558,786$741,858
53$778,709$570,050$516,945$736,101
54$795,670$535,514$471,795$728,658
55$812,392$497,319$423,164$719,384
56$828,791$455,222$370,875$708,123
57$844,769$408,969$314,740$694,708
58$860,217$358,290$254,566$678,958
59$875,013$302,900$190,148$660,677
60$889,020$242,498$121,273$639,655
61$902,086$176,767$47,722$615,666
62$914,040$105,369$0$588,464
63$924,691$27,951$0$562,711
64$933,827$0$0$541,667
65$941,212$0$0$535,858
66$946,582$0$0$538,023
67$949,646$0$0$538,755
68$950,077$0$0$537,857
69$947,514$0$0$535,107
70$941,556$0$0$530,262
71$931,759$0$0$523,050
72$917,629$0$0$513,173
73$898,618$0$0$500,296
74$874,122$0$0$484,051
75$843,467$0$0$464,031
76$805,912$0$0$439,782
77$760,633$0$0$410,805
78$706,720$0$0$376,546
79$643,166$0$0$336,394
80$568,856$0$0$289,672
81$482,560$0$0$235,632
82$382,915$0$0$173,447
83$268,418$0$0$102,203
84$137,404$0$0$20,890
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$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