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%14.5%
1 years$56,154$55,654$55,166$54,689$54,224$53,216
2 years$27,799$27,281$26,779$26,293$25,821$24,810
3 years$18,349$17,829$17,328$16,846$16,382$15,398
4 years$13,624$13,106$12,610$12,137$11,684$10,735
5 years$10,790$10,275$9,786$9,322$8,882$7,971
6 years$8,902$8,390$7,909$7,455$7,028$6,156
7 years$7,553$7,046$6,572$6,129$5,716$4,883
8 years$6,542$6,040$5,574$5,142$4,742$3,949
9 years$5,757$5,259$4,801$4,379$3,993$3,239
10 years$5,128$4,635$4,185$3,775$3,402$2,686
11 years$4,615$4,127$3,685$3,286$2,926$2,247
12 years$4,187$3,704$3,270$2,882$2,536$1,892
13 years$3,825$3,347$2,922$2,544$2,211$1,603
14 years$3,515$3,043$2,625$2,258$1,938$1,364
15 years$3,247$2,779$2,370$2,014$1,707$1,165
16 years$3,013$2,550$2,149$1,803$1,508$999
17 years$2,806$2,348$1,955$1,620$1,337$858
18 years$2,622$2,170$1,785$1,460$1,189$739
19 years$2,459$2,011$1,634$1,320$1,060$638
20 years$2,311$1,869$1,500$1,195$947$551
21 years$2,178$1,741$1,379$1,085$847$477
22 years$2,057$1,625$1,271$986$759$413
23 years$1,947$1,520$1,174$898$682$359
24 years$1,846$1,424$1,086$819$613$311
25 years$1,753$1,336$1,005$748$551$271
26 years$1,668$1,256$933$684$497$235
27 years$1,589$1,182$866$626$448$205
28 years$1,516$1,114$805$574$404$178
29 years$1,448$1,051$749$526$365$155
30 years$1,384$992$698$483$330$135
31 years$1,325$938$651$443$298$118
32 years$1,270$888$607$407$270$103
33 years$1,218$841$567$375$244$90
34 years$1,169$797$530$345$221$78
35 years$1,123$756$495$317$200$68
36 years$1,080$717$463$292$181$59
37 years$1,039$681$433$269$164$52
38 years$1,001$647$406$248$149$45
39 years$964$616$380$229$135$39
40 years$930$586$356$211$123$34
41 years$897$558$334$195$111$30
42 years$866$531$314$180$101$26
43 years$836$506$294$166$92$23
44 years$808$482$276$153$83$20
45 years$781$460$259$141$75$17
46 years$755$439$244$131$68$15
47 years$731$419$229$121$62$13
48 years$708$400$215$112$56$12
49 years$685$382$202$103$51$10
50 years$664$365$190$95$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $680,000, adding $5,897 every year, while hoping to spend $36,495 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: 64/10/26 Blend
48$680,000$680,000$680,000$680,000
49$755,443$719,403$708,863$798,263
50$793,668$715,823$693,779$824,336
51$834,568$710,845$676,967$848,239
52$878,379$704,361$658,330$873,550
53$925,357$696,258$637,768$900,410
54$975,784$686,416$615,174$928,977
55$1,029,970$674,706$590,439$959,428
56$1,088,255$660,995$563,446$991,956
57$1,151,012$645,138$534,076$1,026,778
58$1,218,650$626,984$502,202$1,064,133
59$1,291,619$606,374$467,693$1,104,285
60$1,370,414$583,136$430,411$1,147,530
61$1,455,579$557,092$390,212$1,194,192
62$1,547,710$528,052$346,946$1,244,634
63$1,647,463$495,814$300,456$1,299,254
64$1,755,561$460,165$250,578$1,358,495
65$1,872,797$420,882$197,141$1,422,848
66$2,000,043$377,725$139,966$1,492,855
67$2,138,259$330,446$78,866$1,569,117
68$2,288,501$278,777$13,648$1,652,298
69$2,451,930$222,439$0$1,743,134
70$2,629,823$161,135$0$1,857,959
71$2,823,588$94,553$0$1,987,201
72$3,034,770$22,362$0$2,128,126
73$3,265,073$0$0$2,281,897
74$3,516,370$0$0$2,455,935
75$3,790,726$0$0$2,648,674
76$4,090,409$0$0$2,859,252
77$4,417,921$0$0$3,089,432
78$4,776,013$0$0$3,341,154
79$5,167,715$0$0$3,616,555
80$5,596,365$0$0$3,917,987
81$6,065,635$0$0$4,248,040
82$6,579,572$0$0$4,609,566
83$7,142,630$0$0$5,005,708
84$7,759,717$0$0$5,439,923
85$8,436,235$0$0$5,916,023
86$9,178,137$0$0$6,438,204
87$9,991,977$0$0$7,011,088
88$10,884,975$0$0$7,639,766
89$11,865,084$0$0$8,329,846
90$12,941,064$0$0$9,087,505
91$14,122,565$0$0$9,919,548
92$15,420,217$0$0$10,833,470
93$16,845,730$0$0$11,837,530
94$18,412,003$0$0$12,940,823
95$20,133,249$0$0$14,153,372
96$22,025,123$0$0$15,486,217
97$24,104,874$0$0$16,951,523
98$26,391,505$0$0$18,562,690
99$28,905,953$0$0$20,334,482
100$31,671,283$0$0$22,283,166