Can I retire at age 49 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,980$56,472$55,977$55,494$55,022$53,713
2 years$28,208$27,682$27,173$26,680$26,201$24,890
3 years$18,618$18,091$17,583$17,094$16,623$15,351
4 years$13,825$13,299$12,796$12,315$11,856$10,632
5 years$10,949$10,426$9,930$9,459$9,012$7,841
6 years$9,033$8,514$8,025$7,565$7,131$6,013
7 years$7,664$7,150$6,669$6,219$5,800$4,735
8 years$6,639$6,129$5,656$5,217$4,811$3,800
9 years$5,841$5,336$4,871$4,444$4,052$3,092
10 years$5,204$4,704$4,247$3,831$3,452$2,544
11 years$4,682$4,187$3,739$3,334$2,969$2,111
12 years$4,248$3,758$3,318$2,924$2,573$1,763
13 years$3,881$3,396$2,965$2,582$2,244$1,480
14 years$3,567$3,087$2,664$2,292$1,967$1,249
15 years$3,295$2,820$2,405$2,044$1,732$1,057
16 years$3,057$2,588$2,180$1,830$1,531$898
17 years$2,847$2,383$1,984$1,644$1,357$764
18 years$2,661$2,202$1,811$1,482$1,207$652
19 years$2,495$2,041$1,658$1,339$1,075$557
20 years$2,345$1,896$1,522$1,213$961$477
21 years$2,210$1,766$1,400$1,101$860$409
22 years$2,087$1,649$1,290$1,001$771$351
23 years$1,975$1,542$1,191$911$692$301
24 years$1,873$1,445$1,102$831$622$259
25 years$1,779$1,356$1,020$759$559$222
26 years$1,692$1,274$946$694$504$191
27 years$1,612$1,199$879$635$454$165
28 years$1,538$1,130$817$582$410$142
29 years$1,469$1,066$760$534$370$122
30 years$1,405$1,007$708$490$334$105
31 years$1,345$952$660$450$302$91
32 years$1,288$901$616$413$274$78
33 years$1,236$853$575$380$248$68
34 years$1,186$808$537$350$224$58
35 years$1,140$767$502$322$203$50
36 years$1,096$728$470$297$184$43
37 years$1,055$691$440$273$167$37
38 years$1,015$657$412$252$151$32
39 years$978$625$386$232$137$28
40 years$943$594$362$214$124$24
41 years$910$566$339$198$113$21
42 years$878$539$318$182$102$18
43 years$848$513$299$168$93$15
44 years$820$489$280$155$84$13
45 years$793$467$263$144$77$12
46 years$767$445$247$133$69$10
47 years$742$425$232$123$63$9
48 years$718$406$218$113$57$7
49 years$695$387$205$105$52$6
50 years$674$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $690,000, adding $2,788 every year, while hoping to spend $29,048 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: 78/16/6 Blend
48$690,000$690,000$690,000$690,000
49$763,256$726,686$715,991$822,173
50$810,201$731,387$709,070$865,905
51$860,961$735,344$700,943$909,784
52$915,895$738,491$691,540$957,037
53$975,395$740,757$680,786$1,007,988
54$1,039,897$742,065$668,603$1,062,990
55$1,109,875$742,335$654,910$1,122,435
56$1,185,854$741,481$639,622$1,186,755
57$1,268,411$739,413$622,649$1,256,422
58$1,358,178$736,034$603,897$1,331,961
59$1,455,854$731,242$583,269$1,413,947
60$1,562,206$724,928$560,664$1,503,017
61$1,678,079$716,976$535,973$1,599,869
62$1,804,400$707,266$509,087$1,705,276
63$1,942,195$695,668$479,886$1,820,087
64$2,092,587$682,044$448,251$1,945,240
65$2,256,816$666,249$414,053$2,081,768
66$2,436,247$648,131$377,159$2,230,809
67$2,632,380$627,525$337,430$2,393,618
68$2,846,870$604,261$294,720$2,571,579
69$3,081,536$578,155$248,879$2,766,217
70$3,338,383$549,015$199,746$2,979,211
71$3,619,617$516,636$147,158$3,212,416
72$3,927,671$480,804$90,940$3,467,873
73$4,265,220$441,290$30,913$3,747,835
74$4,635,212$397,853$0$4,054,782
75$5,040,894$350,238$0$4,393,574
76$5,485,842$298,176$0$4,767,352
77$5,973,993$241,382$0$5,177,476
78$6,509,687$179,556$0$5,627,621
79$7,097,701$112,381$0$6,121,844
80$7,743,300$39,521$0$6,664,612
81$8,452,282$0$0$7,260,849
82$9,231,033$0$0$7,922,916
83$10,086,590$0$0$8,657,950
84$11,026,705$0$0$9,465,655
85$12,059,917$0$0$10,353,370
86$13,195,634$0$0$11,329,182
87$14,444,220$0$0$12,402,000
88$15,817,096$0$0$13,581,638
89$17,326,841$0$0$14,878,910
90$18,987,316$0$0$16,305,730
91$20,813,794$0$0$17,875,225
92$22,823,101$0$0$19,601,856
93$25,033,775$0$0$21,501,560
94$27,466,244$0$0$23,591,894
95$30,143,013$0$0$25,892,203
96$33,088,882$0$0$28,423,803
97$36,331,176$0$0$31,210,179
98$39,900,001$0$0$34,277,211
99$43,828,532$0$0$37,653,413
100$48,153,323$0$0$41,370,205