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%17.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,108
2 years$26,981$26,479$25,992$25,520$25,062$23,541
3 years$17,809$17,304$16,818$16,351$15,900$14,428
4 years$13,224$12,720$12,239$11,780$11,340$9,928
5 years$10,473$9,973$9,498$9,048$8,621$7,272
6 years$8,640$8,144$7,676$7,236$6,821$5,537
7 years$7,331$6,839$6,379$5,949$5,547$4,328
8 years$6,350$5,862$5,410$4,990$4,602$3,447
9 years$5,587$5,104$4,659$4,251$3,876$2,783
10 years$4,977$4,499$4,062$3,664$3,302$2,271
11 years$4,479$4,005$3,576$3,189$2,840$1,869
12 years$4,064$3,595$3,174$2,797$2,461$1,547
13 years$3,713$3,249$2,836$2,469$2,146$1,288
14 years$3,412$2,953$2,548$2,192$1,881$1,077
15 years$3,152$2,698$2,300$1,955$1,656$903
16 years$2,924$2,475$2,086$1,750$1,464$760
17 years$2,723$2,279$1,898$1,573$1,298$641
18 years$2,545$2,106$1,732$1,417$1,154$541
19 years$2,386$1,952$1,586$1,281$1,029$458
20 years$2,243$1,814$1,456$1,160$919$388
21 years$2,114$1,690$1,339$1,053$822$330
22 years$1,996$1,577$1,234$957$737$280
23 years$1,889$1,475$1,139$872$662$238
24 years$1,792$1,382$1,054$795$595$202
25 years$1,702$1,297$976$726$535$172
26 years$1,619$1,219$905$664$482$147
27 years$1,542$1,147$840$608$435$125
28 years$1,471$1,081$781$557$392$106
29 years$1,405$1,020$727$511$354$91
30 years$1,343$963$677$469$320$77
31 years$1,286$910$631$430$289$66
32 years$1,232$861$589$395$262$56
33 years$1,182$816$550$364$237$48
34 years$1,135$773$514$335$214$41
35 years$1,090$733$480$308$194$35
36 years$1,048$696$449$284$176$30
37 years$1,009$661$421$261$159$25
38 years$971$628$394$241$145$22
39 years$936$597$369$222$131$19
40 years$902$568$346$205$119$16
41 years$871$541$324$189$108$14
42 years$840$515$304$174$98$12
43 years$812$491$286$161$89$10
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$4
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 $5,085 every year, while hoping to spend $31,164 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: 48/40/12 Blend
48$660,000$660,000$660,000$660,000
49$732,565$697,585$687,355$765,070
50$774,129$698,609$677,223$789,015
51$818,887$698,638$665,708$811,350
52$867,133$697,591$652,729$834,900
53$919,189$695,381$638,204$859,788
54$975,409$691,917$622,046$886,151
55$1,036,180$687,101$604,164$914,144
56$1,101,931$680,829$584,464$943,937
57$1,173,130$672,992$562,845$975,720
58$1,250,293$663,472$539,205$1,009,705
59$1,333,989$652,148$513,434$1,046,126
60$1,424,841$638,888$485,418$1,085,245
61$1,523,535$623,554$455,041$1,127,352
62$1,630,827$606,000$422,176$1,172,770
63$1,747,547$586,070$386,695$1,221,857
64$1,874,610$563,600$348,462$1,275,012
65$2,013,021$538,417$307,336$1,332,675
66$2,163,886$510,337$263,169$1,395,338
67$2,328,424$479,165$215,807$1,463,543
68$2,507,976$444,696$165,088$1,537,893
69$2,704,016$406,713$110,845$1,619,058
70$2,918,169$364,986$52,903$1,707,779
71$3,152,224$319,272$0$1,804,876
72$3,408,150$269,315$0$1,912,405
73$3,688,113$214,843$0$2,037,531
74$3,994,500$155,571$0$2,174,618
75$4,329,941$91,195$0$2,324,928
76$4,697,329$21,397$0$2,489,857
77$5,099,851$0$0$2,670,951
78$5,541,017$0$0$2,893,755
79$6,024,693$0$0$3,148,428
80$6,555,136$0$0$3,427,802
81$7,137,036$0$0$3,734,356
82$7,775,558$0$0$4,070,822
83$8,476,392$0$0$4,440,208
84$9,245,804$0$0$4,845,827
85$10,090,698$0$0$5,291,330
86$11,018,678$0$0$5,780,737
87$12,038,123$0$0$6,318,480
88$13,158,260$0$0$6,909,438
89$14,389,257$0$0$7,558,987
90$15,742,315$0$0$8,273,052
91$17,229,773$0$0$9,058,156
92$18,865,227$0$0$9,921,491
93$20,663,654$0$0$10,870,978
94$22,641,558$0$0$11,915,343
95$24,817,120$0$0$13,064,202
96$27,210,371$0$0$14,328,150
97$29,843,385$0$0$15,718,860
98$32,740,478$0$0$17,249,193
99$35,928,447$0$0$18,933,321
100$39,436,815$0$0$20,786,858