Can I retire at age 49 with 680,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$56,154$55,654$55,166$54,689$54,224$52,093
2 years$27,799$27,281$26,779$26,293$25,821$23,700
3 years$18,349$17,829$17,328$16,846$16,382$14,338
4 years$13,624$13,106$12,610$12,137$11,684$9,732
5 years$10,790$10,275$9,786$9,322$8,882$7,028
6 years$8,902$8,390$7,909$7,455$7,028$5,273
7 years$7,553$7,046$6,572$6,129$5,716$4,058
8 years$6,542$6,040$5,574$5,142$4,742$3,181
9 years$5,757$5,259$4,801$4,379$3,993$2,526
10 years$5,128$4,635$4,185$3,775$3,402$2,027
11 years$4,615$4,127$3,685$3,286$2,926$1,639
12 years$4,187$3,704$3,270$2,882$2,536$1,333
13 years$3,825$3,347$2,922$2,544$2,211$1,089
14 years$3,515$3,043$2,625$2,258$1,938$894
15 years$3,247$2,779$2,370$2,014$1,707$735
16 years$3,013$2,550$2,149$1,803$1,508$607
17 years$2,806$2,348$1,955$1,620$1,337$502
18 years$2,622$2,170$1,785$1,460$1,189$415
19 years$2,459$2,011$1,634$1,320$1,060$344
20 years$2,311$1,869$1,500$1,195$947$286
21 years$2,178$1,741$1,379$1,085$847$238
22 years$2,057$1,625$1,271$986$759$198
23 years$1,947$1,520$1,174$898$682$164
24 years$1,846$1,424$1,086$819$613$137
25 years$1,753$1,336$1,005$748$551$114
26 years$1,668$1,256$933$684$497$95
27 years$1,589$1,182$866$626$448$79
28 years$1,516$1,114$805$574$404$66
29 years$1,448$1,051$749$526$365$55
30 years$1,384$992$698$483$330$46
31 years$1,325$938$651$443$298$38
32 years$1,270$888$607$407$270$32
33 years$1,218$841$567$375$244$27
34 years$1,169$797$530$345$221$22
35 years$1,123$756$495$317$200$19
36 years$1,080$717$463$292$181$15
37 years$1,039$681$433$269$164$13
38 years$1,001$647$406$248$149$11
39 years$964$616$380$229$135$9
40 years$930$586$356$211$123$8
41 years$897$558$334$195$111$6
42 years$866$531$314$180$101$5
43 years$836$506$294$166$92$4
44 years$808$482$276$153$83$4
45 years$781$460$259$141$75$3
46 years$755$439$244$131$68$3
47 years$731$419$229$121$62$2
48 years$708$400$215$112$56$2
49 years$685$382$202$103$51$1
50 years$664$365$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $680,000, adding $3,726 every year, while hoping to spend $48,136 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: 72/7/21 Blend
48$680,000$680,000$680,000$680,000
49$753,203$717,163$706,623$803,323
50$778,814$701,088$679,079$821,104
51$805,423$682,612$648,998$834,467
52$833,083$661,566$616,246$847,899
53$861,847$637,772$580,680$861,399
54$891,774$611,042$542,152$874,969
55$922,928$581,176$500,507$888,609
56$955,375$547,962$455,582$902,323
57$989,189$511,178$407,210$916,116
58$1,024,447$470,586$355,212$929,993
59$1,061,234$425,939$299,405$943,964
60$1,099,640$376,970$239,596$958,040
61$1,139,764$323,402$175,583$972,234
62$1,181,711$264,940$107,156$986,563
63$1,225,596$201,273$34,097$1,001,048
64$1,271,543$132,072$0$1,015,714
65$1,319,687$56,989$0$1,040,419
66$1,370,171$0$0$1,074,162
67$1,423,156$0$0$1,111,265
68$1,478,811$0$0$1,154,859
69$1,537,324$0$0$1,200,703
70$1,598,897$0$0$1,248,957
71$1,663,750$0$0$1,299,794
72$1,732,124$0$0$1,353,406
73$1,804,280$0$0$1,409,998
74$1,880,504$0$0$1,469,797
75$1,961,107$0$0$1,533,049
76$2,046,428$0$0$1,600,023
77$2,136,838$0$0$1,671,011
78$2,232,743$0$0$1,746,336
79$2,334,585$0$0$1,826,348
80$2,442,850$0$0$1,911,430
81$2,558,067$0$0$2,002,003
82$2,680,817$0$0$2,098,526
83$2,811,734$0$0$2,201,502
84$2,951,516$0$0$2,311,483
85$3,100,924$0$0$2,429,073
86$3,260,795$0$0$2,554,935
87$3,432,046$0$0$2,689,794
88$3,615,682$0$0$2,834,448
89$3,812,806$0$0$2,989,771
90$4,024,629$0$0$3,156,723
91$4,252,479$0$0$3,336,357
92$4,497,817$0$0$3,529,829
93$4,762,244$0$0$3,738,410
94$5,047,520$0$0$3,963,495
95$5,355,580$0$0$4,206,617
96$5,688,548$0$0$4,469,462
97$6,048,760$0$0$4,753,881
98$6,438,782$0$0$5,061,909
99$6,861,439$0$0$5,395,784
100$7,319,831$0$0$5,757,968