Can I retire at age 49 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$55,328$54,835$54,354$53,885$53,427$52,672
2 years$27,390$26,880$26,386$25,906$25,441$24,682
3 years$18,079$17,566$17,073$16,598$16,141$15,401
4 years$13,424$12,913$12,425$11,958$11,512$10,797
5 years$10,632$10,124$9,642$9,185$8,751$8,064
6 years$8,771$8,267$7,792$7,345$6,924$6,265
7 years$7,442$6,943$6,476$6,039$5,631$5,000
8 years$6,446$5,951$5,492$5,066$4,672$4,069
9 years$5,672$5,182$4,730$4,315$3,934$3,359
10 years$5,053$4,567$4,124$3,720$3,352$2,805
11 years$4,547$4,066$3,630$3,237$2,883$2,362
12 years$4,125$3,649$3,222$2,839$2,498$2,004
13 years$3,769$3,298$2,879$2,507$2,179$1,710
14 years$3,464$2,998$2,586$2,225$1,910$1,466
15 years$3,199$2,739$2,335$1,985$1,682$1,262
16 years$2,968$2,513$2,117$1,777$1,486$1,089
17 years$2,765$2,314$1,927$1,597$1,318$944
18 years$2,584$2,138$1,759$1,439$1,172$819
19 years$2,422$1,982$1,610$1,300$1,044$713
20 years$2,277$1,841$1,478$1,178$933$621
21 years$2,146$1,715$1,359$1,069$835$542
22 years$2,027$1,601$1,253$972$748$474
23 years$1,918$1,497$1,157$885$672$414
24 years$1,819$1,403$1,070$807$604$363
25 years$1,727$1,317$991$737$543$318
26 years$1,643$1,237$919$674$489$279
27 years$1,565$1,165$853$617$441$245
28 years$1,493$1,097$793$565$398$215
29 years$1,426$1,035$738$518$359$189
30 years$1,364$978$688$476$325$166
31 years$1,306$924$641$437$294$146
32 years$1,251$875$598$401$266$128
33 years$1,200$828$558$369$240$113
34 years$1,152$785$522$340$218$100
35 years$1,107$745$488$313$197$88
36 years$1,064$707$456$288$179$77
37 years$1,024$671$427$265$162$68
38 years$986$638$400$245$147$60
39 years$950$607$375$226$133$53
40 years$916$577$351$208$121$46
41 years$884$549$329$192$110$41
42 years$853$523$309$177$99$36
43 years$824$498$290$163$90$32
44 years$796$475$272$151$82$28
45 years$770$453$255$139$74$25
46 years$744$432$240$129$67$22
47 years$720$412$225$119$61$19
48 years$697$394$212$110$56$17
49 years$675$376$199$102$51$15
50 years$654$359$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $670,000, adding $2,680 every year, while hoping to spend $47,786 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: 62/10/28 Blend
48$670,000$670,000$670,000$670,000
49$741,104$705,594$695,209$781,334
50$765,853$689,325$667,655$792,719
51$791,525$670,656$637,576$799,720
52$818,163$649,421$604,837$806,347
53$845,814$625,441$569,298$812,571
54$874,527$598,528$530,810$818,365
55$904,356$568,483$489,219$823,699
56$935,358$535,096$444,365$828,544
57$967,593$498,144$396,080$832,868
58$1,001,125$457,391$344,187$836,641
59$1,036,026$412,589$288,503$839,832
60$1,072,369$363,474$228,836$842,409
61$1,110,235$309,769$164,986$844,339
62$1,149,710$251,179$96,745$845,591
63$1,190,889$187,395$23,894$846,134
64$1,233,871$118,088$0$845,935
65$1,278,764$42,913$0$861,052
66$1,325,686$0$0$884,031
67$1,374,764$0$0$912,007
68$1,426,134$0$0$946,246
69$1,479,946$0$0$982,125
70$1,536,358$0$0$1,019,754
71$1,595,547$0$0$1,059,251
72$1,657,701$0$0$1,100,744
73$1,723,026$0$0$1,144,373
74$1,791,746$0$0$1,190,290
75$1,864,104$0$0$1,238,660
76$1,940,364$0$0$1,289,663
77$2,020,817$0$0$1,343,495
78$2,105,775$0$0$1,400,369
79$2,195,582$0$0$1,460,520
80$2,290,613$0$0$1,524,202
81$2,391,275$0$0$1,591,692
82$2,498,017$0$0$1,663,296
83$2,611,325$0$0$1,739,344
84$2,731,734$0$0$1,820,200
85$2,859,828$0$0$1,906,262
86$2,996,244$0$0$1,997,966
87$3,141,684$0$0$2,095,786
88$3,296,913$0$0$2,200,247
89$3,462,771$0$0$2,311,919
90$3,640,178$0$0$2,431,430
91$3,830,142$0$0$2,559,467
92$4,033,771$0$0$2,696,786
93$4,252,279$0$0$2,844,212
94$4,486,996$0$0$3,002,656
95$4,739,386$0$0$3,173,113
96$5,011,054$0$0$3,356,678
97$5,303,761$0$0$3,554,555
98$5,619,444$0$0$3,768,063
99$5,960,229$0$0$3,998,653
100$6,328,455$0$0$4,247,920