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%17.4%
1 years$54,502$54,017$53,543$53,081$52,629$51,047
2 years$26,981$26,479$25,992$25,520$25,062$23,481
3 years$17,809$17,304$16,818$16,351$15,900$14,370
4 years$13,224$12,720$12,239$11,780$11,340$9,873
5 years$10,473$9,973$9,498$9,048$8,621$7,220
6 years$8,640$8,144$7,676$7,236$6,821$5,489
7 years$7,331$6,839$6,379$5,949$5,547$4,283
8 years$6,350$5,862$5,410$4,990$4,602$3,405
9 years$5,587$5,104$4,659$4,251$3,876$2,744
10 years$4,977$4,499$4,062$3,664$3,302$2,235
11 years$4,479$4,005$3,576$3,189$2,840$1,835
12 years$4,064$3,595$3,174$2,797$2,461$1,517
13 years$3,713$3,249$2,836$2,469$2,146$1,260
14 years$3,412$2,953$2,548$2,192$1,881$1,051
15 years$3,152$2,698$2,300$1,955$1,656$880
16 years$2,924$2,475$2,086$1,750$1,464$739
17 years$2,723$2,279$1,898$1,573$1,298$622
18 years$2,545$2,106$1,732$1,417$1,154$524
19 years$2,386$1,952$1,586$1,281$1,029$443
20 years$2,243$1,814$1,456$1,160$919$374
21 years$2,114$1,690$1,339$1,053$822$317
22 years$1,996$1,577$1,234$957$737$268
23 years$1,889$1,475$1,139$872$662$228
24 years$1,792$1,382$1,054$795$595$193
25 years$1,702$1,297$976$726$535$164
26 years$1,619$1,219$905$664$482$139
27 years$1,542$1,147$840$608$435$118
28 years$1,471$1,081$781$557$392$101
29 years$1,405$1,020$727$511$354$86
30 years$1,343$963$677$469$320$73
31 years$1,286$910$631$430$289$62
32 years$1,232$861$589$395$262$53
33 years$1,182$816$550$364$237$45
34 years$1,135$773$514$335$214$38
35 years$1,090$733$480$308$194$32
36 years$1,048$696$449$284$176$28
37 years$1,009$661$421$261$159$24
38 years$971$628$394$241$145$20
39 years$936$597$369$222$131$17
40 years$902$568$346$205$119$15
41 years$871$541$324$189$108$12
42 years$840$515$304$174$98$11
43 years$812$491$286$161$89$9
44 years$784$468$268$149$81$8
45 years$758$446$252$137$73$7
46 years$733$426$236$127$66$6
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$4
49 years$665$370$196$100$50$3
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $660,000, adding $3,456 every year, while hoping to spend $48,818 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: 48/28/24 Blend
48$660,000$660,000$660,000$660,000
49$730,885$695,905$685,675$760,833
50$753,493$678,062$656,703$764,290
51$776,771$657,709$625,124$762,908
52$800,736$634,671$590,800$760,423
53$825,404$608,763$553,585$756,755
54$850,793$579,790$513,328$751,816
55$876,919$547,545$469,870$745,516
56$903,800$511,809$423,045$737,759
57$931,451$472,352$372,681$728,443
58$959,890$428,928$318,597$717,461
59$989,133$381,280$260,604$704,698
60$1,019,196$329,133$198,505$690,033
61$1,050,094$272,201$132,095$673,340
62$1,081,842$210,177$61,159$654,484
63$1,114,454$142,741$0$633,322
64$1,147,945$69,551$0$613,427
65$1,182,325$0$0$607,873
66$1,217,607$0$0$603,879
67$1,253,801$0$0$621,758
68$1,290,914$0$0$640,083
69$1,328,953$0$0$658,858
70$1,367,923$0$0$678,082
71$1,407,825$0$0$697,755
72$1,448,659$0$0$717,877
73$1,490,421$0$0$738,442
74$1,533,103$0$0$759,447
75$1,576,696$0$0$780,883
76$1,621,181$0$0$802,741
77$1,666,540$0$0$825,007
78$1,712,745$0$0$847,668
79$1,759,764$0$0$870,702
80$1,807,557$0$0$894,088
81$1,856,077$0$0$917,799
82$1,905,265$0$0$941,802
83$1,955,058$0$0$966,061
84$2,005,375$0$0$990,532
85$2,056,129$0$0$1,015,166
86$2,107,215$0$0$1,039,907
87$2,158,514$0$0$1,064,688
88$2,209,891$0$0$1,089,437
89$2,261,192$0$0$1,114,069
90$2,312,242$0$0$1,138,488
91$2,362,841$0$0$1,162,588
92$2,412,766$0$0$1,186,248
93$2,461,764$0$0$1,209,331
94$2,509,551$0$0$1,231,684
95$2,555,808$0$0$1,253,135
96$2,600,177$0$0$1,273,493
97$2,642,258$0$0$1,292,542
98$2,681,602$0$0$1,310,043
99$2,717,709$0$0$1,325,727
100$2,750,021$0$0$1,339,295