Can I retire at age 49 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$57,805$57,290$56,788$56,298$55,819$54,714
2 years$28,617$28,084$27,567$27,066$26,580$25,472
3 years$18,888$18,353$17,838$17,342$16,864$15,786
4 years$14,025$13,491$12,981$12,494$12,027$10,989
5 years$11,108$10,577$10,074$9,596$9,143$8,147
6 years$9,164$8,637$8,141$7,674$7,235$6,282
7 years$7,776$7,254$6,765$6,309$5,884$4,975
8 years$6,735$6,218$5,738$5,293$4,881$4,015
9 years$5,926$5,414$4,942$4,508$4,111$3,287
10 years$5,279$4,772$4,308$3,886$3,502$2,721
11 years$4,750$4,248$3,793$3,382$3,012$2,272
12 years$4,310$3,813$3,366$2,967$2,610$1,910
13 years$3,938$3,446$3,008$2,619$2,276$1,615
14 years$3,619$3,132$2,702$2,325$1,995$1,371
15 years$3,343$2,861$2,440$2,073$1,757$1,169
16 years$3,101$2,625$2,212$1,857$1,553$1,000
17 years$2,889$2,418$2,013$1,668$1,377$857
18 years$2,700$2,234$1,837$1,503$1,224$737
19 years$2,531$2,070$1,682$1,358$1,091$634
20 years$2,379$1,924$1,544$1,230$975$547
21 years$2,242$1,792$1,420$1,117$872$472
22 years$2,117$1,673$1,309$1,015$782$408
23 years$2,004$1,565$1,208$925$702$353
24 years$1,900$1,466$1,118$843$631$306
25 years$1,805$1,376$1,035$770$568$265
26 years$1,717$1,293$960$704$511$230
27 years$1,635$1,217$891$645$461$200
28 years$1,560$1,147$829$591$416$173
29 years$1,490$1,082$771$542$376$151
30 years$1,425$1,021$718$497$339$131
31 years$1,364$966$670$456$307$114
32 years$1,307$914$625$419$278$99
33 years$1,254$865$583$386$251$86
34 years$1,203$820$545$355$227$75
35 years$1,156$778$510$327$206$65
36 years$1,112$738$477$301$187$57
37 years$1,070$701$446$277$169$49
38 years$1,030$666$418$256$153$43
39 years$993$634$391$236$139$37
40 years$957$603$367$217$126$33
41 years$923$574$344$201$114$28
42 years$891$547$323$185$104$25
43 years$861$521$303$171$94$21
44 years$832$496$284$158$86$19
45 years$804$473$267$146$78$16
46 years$778$452$251$135$70$14
47 years$753$431$236$124$64$12
48 years$728$411$221$115$58$11
49 years$705$393$208$106$53$9
50 years$683$375$196$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $700,000, adding $2,018 every year, while hoping to spend $48,668 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: 61/28/11 Blend
48$700,000$700,000$700,000$700,000
49$773,482$736,382$725,532$818,556
50$800,594$720,682$698,054$833,336
51$828,841$702,582$668,026$843,724
52$858,287$681,912$635,309$853,861
53$889,001$658,494$599,760$863,726
54$921,057$632,139$561,230$873,296
55$954,537$602,645$519,563$882,549
56$989,526$569,802$474,595$891,462
57$1,026,120$533,384$426,156$900,015
58$1,064,420$493,156$374,068$908,184
59$1,104,536$448,865$318,144$915,951
60$1,146,587$400,248$258,191$923,295
61$1,190,703$347,025$194,005$930,198
62$1,237,025$288,899$125,374$936,644
63$1,285,705$225,559$52,077$942,619
64$1,336,910$156,674$0$948,112
65$1,390,819$81,895$0$956,182
66$1,447,629$855$0$970,480
67$1,507,555$0$0$984,915
68$1,570,830$0$0$1,026,281
69$1,637,709$0$0$1,070,303
70$1,708,468$0$0$1,116,906
71$1,783,412$0$0$1,166,290
72$1,862,872$0$0$1,218,679
73$1,947,209$0$0$1,274,315
74$2,036,820$0$0$1,333,462
75$2,132,138$0$0$1,396,411
76$2,233,637$0$0$1,463,479
77$2,341,834$0$0$1,535,015
78$2,457,300$0$0$1,611,398
79$2,580,656$0$0$1,693,046
80$2,712,585$0$0$1,780,417
81$2,853,834$0$0$1,874,012
82$3,005,225$0$0$1,974,381
83$3,167,657$0$0$2,082,129
84$3,342,118$0$0$2,197,917
85$3,529,692$0$0$2,322,473
86$3,731,568$0$0$2,456,596
87$3,949,055$0$0$2,601,162
88$4,183,586$0$0$2,757,134
89$4,436,739$0$0$2,925,571
90$4,710,246$0$0$3,107,635
91$5,006,010$0$0$3,304,606
92$5,326,126$0$0$3,517,887
93$5,672,892$0$0$3,749,023
94$6,048,839$0$0$3,999,714
95$6,456,748$0$0$4,271,825
96$6,899,678$0$0$4,567,413
97$7,380,993$0$0$4,888,736
98$7,904,395$0$0$5,238,281
99$8,473,957$0$0$5,618,782
100$9,094,158$0$0$6,033,250