Can I retire at age 49 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$54,502$54,017$53,543$53,081$52,629$51,483
2 years$26,981$26,479$25,992$25,520$25,062$23,912
3 years$17,809$17,304$16,818$16,351$15,900$14,784
4 years$13,224$12,720$12,239$11,780$11,340$10,265
5 years$10,473$9,973$9,498$9,048$8,621$7,590
6 years$8,640$8,144$7,676$7,236$6,821$5,837
7 years$7,331$6,839$6,379$5,949$5,547$4,609
8 years$6,350$5,862$5,410$4,990$4,602$3,709
9 years$5,587$5,104$4,659$4,251$3,876$3,028
10 years$4,977$4,499$4,062$3,664$3,302$2,499
11 years$4,479$4,005$3,576$3,189$2,840$2,080
12 years$4,064$3,595$3,174$2,797$2,461$1,743
13 years$3,713$3,249$2,836$2,469$2,146$1,468
14 years$3,412$2,953$2,548$2,192$1,881$1,243
15 years$3,152$2,698$2,300$1,955$1,656$1,056
16 years$2,924$2,475$2,086$1,750$1,464$900
17 years$2,723$2,279$1,898$1,573$1,298$769
18 years$2,545$2,106$1,732$1,417$1,154$658
19 years$2,386$1,952$1,586$1,281$1,029$564
20 years$2,243$1,814$1,456$1,160$919$485
21 years$2,114$1,690$1,339$1,053$822$417
22 years$1,996$1,577$1,234$957$737$359
23 years$1,889$1,475$1,139$872$662$310
24 years$1,792$1,382$1,054$795$595$267
25 years$1,702$1,297$976$726$535$231
26 years$1,619$1,219$905$664$482$199
27 years$1,542$1,147$840$608$435$172
28 years$1,471$1,081$781$557$392$149
29 years$1,405$1,020$727$511$354$129
30 years$1,343$963$677$469$320$112
31 years$1,286$910$631$430$289$97
32 years$1,232$861$589$395$262$84
33 years$1,182$816$550$364$237$72
34 years$1,135$773$514$335$214$63
35 years$1,090$733$480$308$194$54
36 years$1,048$696$449$284$176$47
37 years$1,009$661$421$261$159$41
38 years$971$628$394$241$145$35
39 years$936$597$369$222$131$31
40 years$902$568$346$205$119$27
41 years$871$541$324$189$108$23
42 years$840$515$304$174$98$20
43 years$812$491$286$161$89$17
44 years$784$468$268$149$81$15
45 years$758$446$252$137$73$13
46 years$733$426$236$127$66$11
47 years$710$406$222$117$60$10
48 years$687$388$209$108$55$8
49 years$665$370$196$100$50$7
50 years$644$354$184$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $660,000, adding $3,028 every year, while hoping to spend $20,580 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: 52/43/5 Blend
48$660,000$660,000$660,000$660,000
49$730,443$695,463$685,233$767,449
50$783,052$707,644$686,292$805,041
51$840,336$719,732$686,696$843,392
52$902,752$731,701$686,402$884,597
53$970,801$743,522$685,364$928,926
54$1,045,034$755,165$683,535$976,679
55$1,126,057$766,599$680,863$1,028,187
56$1,214,539$777,786$677,297$1,083,814
57$1,311,216$788,692$672,780$1,143,962
58$1,416,897$799,274$667,255$1,209,075
59$1,532,473$809,492$660,661$1,279,639
60$1,658,926$819,298$652,934$1,356,195
61$1,797,337$828,644$644,008$1,439,336
62$1,948,896$837,477$633,812$1,529,716
63$2,114,913$845,743$622,274$1,628,059
64$2,296,831$853,382$609,317$1,735,159
65$2,496,240$860,330$594,862$1,851,896
66$2,714,891$866,520$578,824$1,979,239
67$2,954,711$871,881$561,116$2,118,254
68$3,217,824$876,335$541,645$2,270,120
69$3,506,569$879,803$520,318$2,436,136
70$3,823,523$882,197$497,032$2,617,734
71$4,171,523$883,426$471,684$2,816,493
72$4,553,696$883,392$444,163$3,034,157
73$4,973,487$881,991$414,356$3,272,645
74$5,434,689$879,115$382,143$3,534,077
75$5,941,481$874,645$347,399$3,820,788
76$6,498,468$868,459$309,993$4,135,354
77$7,110,723$860,425$269,789$4,480,616
78$7,783,835$850,404$226,645$4,859,707
79$8,523,960$838,247$180,411$5,276,080
80$9,337,882$823,800$130,934$5,733,545
81$10,233,076$806,896$78,050$6,236,302
82$11,217,775$787,359$21,590$6,788,981
83$12,301,053$765,005$0$7,396,688
84$13,492,906$739,635$0$8,067,118
85$14,804,348$711,043$0$8,805,777
86$16,247,514$679,007$0$9,618,368
87$17,835,777$643,295$0$10,512,448
88$19,583,870$603,660$0$11,496,349
89$21,508,027$559,841$0$12,579,257
90$23,626,135$511,563$0$13,771,297
91$25,957,906$458,535$0$15,083,633
92$28,525,058$400,449$0$16,528,572
93$31,351,522$336,978$0$18,119,680
94$34,463,667$267,781$0$19,871,914
95$37,890,552$192,492$0$21,801,761
96$41,664,193$110,730$0$23,927,395
97$45,819,874$22,089$0$26,268,852
98$50,396,471$0$0$28,848,217
99$55,436,824$0$0$31,724,785
100$60,988,141$0$0$34,904,565