Can I retire at age 49 with 660,000?

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 $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%14.2%
1 years$54,502$54,017$53,543$53,081$52,629$51,715
2 years$26,981$26,479$25,992$25,520$25,062$24,143
3 years$17,809$17,304$16,818$16,351$15,900$15,007
4 years$13,224$12,720$12,239$11,780$11,340$10,478
5 years$10,473$9,973$9,498$9,048$8,621$7,793
6 years$8,640$8,144$7,676$7,236$6,821$6,028
7 years$7,331$6,839$6,379$5,949$5,547$4,790
8 years$6,350$5,862$5,410$4,990$4,602$3,880
9 years$5,587$5,104$4,659$4,251$3,876$3,188
10 years$4,977$4,499$4,062$3,664$3,302$2,648
11 years$4,479$4,005$3,576$3,189$2,840$2,220
12 years$4,064$3,595$3,174$2,797$2,461$1,873
13 years$3,713$3,249$2,836$2,469$2,146$1,590
14 years$3,412$2,953$2,548$2,192$1,881$1,356
15 years$3,152$2,698$2,300$1,955$1,656$1,160
16 years$2,924$2,475$2,086$1,750$1,464$997
17 years$2,723$2,279$1,898$1,573$1,298$858
18 years$2,545$2,106$1,732$1,417$1,154$741
19 years$2,386$1,952$1,586$1,281$1,029$641
20 years$2,243$1,814$1,456$1,160$919$555
21 years$2,114$1,690$1,339$1,053$822$481
22 years$1,996$1,577$1,234$957$737$418
23 years$1,889$1,475$1,139$872$662$364
24 years$1,792$1,382$1,054$795$595$316
25 years$1,702$1,297$976$726$535$276
26 years$1,619$1,219$905$664$482$240
27 years$1,542$1,147$840$608$435$209
28 years$1,471$1,081$781$557$392$183
29 years$1,405$1,020$727$511$354$160
30 years$1,343$963$677$469$320$139
31 years$1,286$910$631$430$289$122
32 years$1,232$861$589$395$262$106
33 years$1,182$816$550$364$237$93
34 years$1,135$773$514$335$214$81
35 years$1,090$733$480$308$194$71
36 years$1,048$696$449$284$176$62
37 years$1,009$661$421$261$159$54
38 years$971$628$394$241$145$48
39 years$936$597$369$222$131$42
40 years$902$568$346$205$119$36
41 years$871$541$324$189$108$32
42 years$840$515$304$174$98$28
43 years$812$491$286$161$89$24
44 years$784$468$268$149$81$21
45 years$758$446$252$137$73$19
46 years$733$426$236$127$66$16
47 years$710$406$222$117$60$14
48 years$687$388$209$108$55$13
49 years$665$370$196$100$50$11
50 years$644$354$184$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $660,000, adding $5,772 every year, while hoping to spend $49,922 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: 47/46/7 Blend
48$660,000$660,000$660,000$660,000
49$733,274$698,294$688,064$766,091
50$754,951$679,394$657,997$770,325
51$777,166$657,894$625,250$769,210
52$799,922$633,615$589,681$766,832
53$823,218$606,366$551,139$763,091
54$847,054$575,946$509,470$757,877
55$871,427$542,141$464,511$751,074
56$896,332$504,726$416,092$742,558
57$921,762$463,462$364,035$732,199
58$947,708$418,097$308,156$719,855
59$974,155$368,365$248,260$705,379
60$1,001,088$313,984$184,146$688,610
61$1,028,487$254,657$115,603$669,381
62$1,056,327$190,069$42,410$647,510
63$1,084,579$119,890$0$622,807
64$1,113,208$43,767$0$597,734
65$1,142,175$0$0$572,960
66$1,171,433$0$0$564,675
67$1,200,926$0$0$578,626
68$1,230,593$0$0$592,625
69$1,260,362$0$0$606,634
70$1,290,151$0$0$620,609
71$1,319,868$0$0$634,501
72$1,349,406$0$0$648,253
73$1,378,647$0$0$661,802
74$1,407,457$0$0$675,077
75$1,435,682$0$0$687,999
76$1,463,154$0$0$700,476
77$1,489,680$0$0$712,408
78$1,515,046$0$0$723,683
79$1,539,012$0$0$734,174
80$1,561,310$0$0$743,740
81$1,581,640$0$0$752,225
82$1,599,667$0$0$759,452
83$1,615,019$0$0$765,228
84$1,627,281$0$0$769,334
85$1,635,991$0$0$771,530
86$1,640,635$0$0$771,548
87$1,640,643$0$0$769,088
88$1,635,381$0$0$763,822
89$1,624,144$0$0$755,381
90$1,606,153$0$0$743,359
91$1,580,542$0$0$727,305
92$1,546,351$0$0$706,720
93$1,502,518$0$0$681,049
94$1,447,864$0$0$649,681
95$1,381,086$0$0$611,937
96$1,300,742$0$0$567,067
97$1,205,234$0$0$514,241
98$1,092,796$0$0$452,540
99$961,476$0$0$380,950
100$809,113$0$0$298,348