Can I retire at age 49 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$56,154$55,654$55,166$54,689$54,224$53,905
2 years$27,799$27,281$26,779$26,293$25,821$25,499
3 years$18,349$17,829$17,328$16,846$16,382$16,067
4 years$13,624$13,106$12,610$12,137$11,684$11,378
5 years$10,790$10,275$9,786$9,322$8,882$8,587
6 years$8,902$8,390$7,909$7,455$7,028$6,744
7 years$7,553$7,046$6,572$6,129$5,716$5,443
8 years$6,542$6,040$5,574$5,142$4,742$4,480
9 years$5,757$5,259$4,801$4,379$3,993$3,742
10 years$5,128$4,635$4,185$3,775$3,402$3,162
11 years$4,615$4,127$3,685$3,286$2,926$2,696
12 years$4,187$3,704$3,270$2,882$2,536$2,317
13 years$3,825$3,347$2,922$2,544$2,211$2,002
14 years$3,515$3,043$2,625$2,258$1,938$1,739
15 years$3,247$2,779$2,370$2,014$1,707$1,517
16 years$3,013$2,550$2,149$1,803$1,508$1,329
17 years$2,806$2,348$1,955$1,620$1,337$1,167
18 years$2,622$2,170$1,785$1,460$1,189$1,027
19 years$2,459$2,011$1,634$1,320$1,060$907
20 years$2,311$1,869$1,500$1,195$947$802
21 years$2,178$1,741$1,379$1,085$847$710
22 years$2,057$1,625$1,271$986$759$630
23 years$1,947$1,520$1,174$898$682$560
24 years$1,846$1,424$1,086$819$613$498
25 years$1,753$1,336$1,005$748$551$443
26 years$1,668$1,256$933$684$497$395
27 years$1,589$1,182$866$626$448$352
28 years$1,516$1,114$805$574$404$314
29 years$1,448$1,051$749$526$365$281
30 years$1,384$992$698$483$330$251
31 years$1,325$938$651$443$298$224
32 years$1,270$888$607$407$270$201
33 years$1,218$841$567$375$244$179
34 years$1,169$797$530$345$221$161
35 years$1,123$756$495$317$200$144
36 years$1,080$717$463$292$181$129
37 years$1,039$681$433$269$164$115
38 years$1,001$647$406$248$149$103
39 years$964$616$380$229$135$93
40 years$930$586$356$211$123$83
41 years$897$558$334$195$111$74
42 years$866$531$314$180$101$67
43 years$836$506$294$166$92$60
44 years$808$482$276$153$83$54
45 years$781$460$259$141$75$48
46 years$755$439$244$131$68$43
47 years$731$419$229$121$62$39
48 years$708$400$215$112$56$35
49 years$685$382$202$103$51$31
50 years$664$365$190$95$47$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $680,000, adding $4,237 every year, while hoping to spend $58,555 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: 80/11/9 Blend
48$680,000$680,000$680,000$680,000
49$753,730$717,690$707,150$812,685
50$768,309$690,555$668,538$824,816
51$782,412$660,128$626,669$830,020
52$795,929$626,185$581,374$833,989
53$808,737$588,491$532,473$836,570
54$820,697$546,796$479,780$837,596
55$831,655$500,837$423,100$836,882
56$841,440$450,334$362,229$834,225
57$849,859$394,992$296,956$829,402
58$856,698$334,500$227,057$822,169
59$861,719$268,528$152,302$812,256
60$864,658$196,730$72,448$799,369
61$865,221$118,738$0$783,181
62$863,081$34,163$0$764,562
63$857,875$0$0$749,398
64$849,201$0$0$737,268
65$836,613$0$0$725,812
66$819,616$0$0$710,457
67$797,662$0$0$690,721
68$770,143$0$0$666,067
69$736,388$0$0$635,902
70$695,652$0$0$599,570
71$647,111$0$0$556,345
72$589,856$0$0$505,423
73$522,877$0$0$445,915
74$445,062$0$0$376,839
75$355,178$0$0$297,108
76$251,865$0$0$205,523
77$133,619$0$0$100,756
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0