Can I retire at age 49 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$53,676$53,198$52,732$52,276$51,832$50,233
2 years$26,572$26,078$25,598$25,133$24,682$23,085
3 years$17,539$17,042$16,564$16,103$15,659$14,114
4 years$13,023$12,528$12,054$11,601$11,168$9,687
5 years$10,314$9,822$9,354$8,911$8,490$7,077
6 years$8,509$8,020$7,560$7,126$6,718$5,374
7 years$7,220$6,735$6,282$5,859$5,463$4,189
8 years$6,254$5,773$5,328$4,915$4,532$3,326
9 years$5,503$5,027$4,589$4,186$3,817$2,678
10 years$4,902$4,431$4,001$3,609$3,252$2,178
11 years$4,411$3,945$3,522$3,141$2,797$1,786
12 years$4,002$3,540$3,126$2,755$2,424$1,474
13 years$3,656$3,200$2,793$2,432$2,114$1,223
14 years$3,360$2,908$2,509$2,159$1,853$1,019
15 years$3,104$2,657$2,266$1,925$1,631$852
16 years$2,880$2,438$2,054$1,724$1,442$714
17 years$2,682$2,245$1,869$1,549$1,278$600
18 years$2,507$2,074$1,706$1,396$1,137$505
19 years$2,350$1,923$1,562$1,261$1,013$426
20 years$2,209$1,786$1,433$1,142$905$359
21 years$2,082$1,664$1,319$1,037$810$304
22 years$1,966$1,553$1,215$943$726$257
23 years$1,861$1,453$1,122$858$652$218
24 years$1,764$1,361$1,038$783$586$184
25 years$1,676$1,277$961$715$527$156
26 years$1,594$1,201$891$654$475$133
27 years$1,519$1,130$828$598$428$112
28 years$1,449$1,065$769$548$386$95
29 years$1,384$1,004$716$503$349$81
30 years$1,323$949$667$461$315$69
31 years$1,267$897$622$424$285$58
32 years$1,214$848$580$390$258$50
33 years$1,164$803$542$358$233$42
34 years$1,117$762$506$330$211$36
35 years$1,074$722$473$303$191$30
36 years$1,032$686$443$279$173$26
37 years$993$651$414$257$157$22
38 years$957$619$388$237$142$19
39 years$922$588$364$219$129$16
40 years$889$560$341$202$117$14
41 years$857$533$319$186$106$11
42 years$828$508$300$172$96$10
43 years$799$484$281$159$87$8
44 years$772$461$264$146$79$7
45 years$747$440$248$135$72$6
46 years$722$419$233$125$65$5
47 years$699$400$219$115$59$4
48 years$676$382$206$107$54$4
49 years$655$365$193$99$49$3
50 years$635$348$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $650,000, adding $2,687 every year, while hoping to spend $36,528 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: 66/6/28 Blend
48$650,000$650,000$650,000$650,000
49$719,072$684,622$674,547$761,065
50$753,551$679,303$658,278$784,416
51$790,324$672,499$640,241$805,611
52$829,584$664,098$620,336$827,978
53$871,547$653,984$598,463$851,635
54$916,446$642,030$574,512$876,715
55$964,538$628,105$548,374$903,364
56$1,016,107$612,068$519,930$931,744
57$1,071,461$593,770$489,058$962,036
58$1,130,939$573,055$455,631$994,440
59$1,194,916$549,755$419,516$1,029,179
60$1,263,800$523,695$380,572$1,066,499
61$1,338,040$494,689$338,654$1,106,673
62$1,418,131$462,540$293,610$1,150,003
63$1,504,615$427,039$245,280$1,196,826
64$1,598,089$387,967$193,500$1,247,514
65$1,699,206$345,089$138,095$1,302,477
66$1,808,688$298,162$78,884$1,362,173
67$1,927,327$246,924$15,679$1,427,106
68$2,055,992$191,101$0$1,497,835
69$2,195,641$130,404$0$1,590,447
70$2,347,328$64,525$0$1,696,162
71$2,512,211$0$0$1,811,115
72$2,691,563$0$0$1,936,661
73$2,886,787$0$0$2,077,991
74$3,099,426$0$0$2,231,966
75$3,331,177$0$0$2,399,820
76$3,583,908$0$0$2,582,911
77$3,859,675$0$0$2,782,735
78$4,160,742$0$0$3,000,936
79$4,489,601$0$0$3,239,326
80$4,848,994$0$0$3,499,898
81$5,241,940$0$0$3,784,850
82$5,671,766$0$0$4,096,597
83$6,142,130$0$0$4,437,802
84$6,657,065$0$0$4,811,395
85$7,221,009$0$0$5,220,605
86$7,838,850$0$0$5,668,985
87$8,515,972$0$0$6,160,449
88$9,258,303$0$0$6,699,310
89$10,072,374$0$0$7,290,316
90$10,965,377$0$0$7,938,695
91$11,945,232$0$0$8,650,210
92$13,020,667$0$0$9,431,204
93$14,201,293$0$0$10,288,668
94$15,497,696$0$0$11,230,302
95$16,921,540$0$0$12,264,586
96$18,485,674$0$0$13,400,863
97$20,204,250$0$0$14,649,428
98$22,092,862$0$0$16,021,619
99$24,168,688$0$0$17,529,929
100$26,450,651$0$0$19,188,121