Can I retire at age 49 with 700,000?

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 $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%12%
1 years$57,805$57,290$56,788$56,298$55,819$55,351
2 years$28,617$28,084$27,567$27,066$26,580$26,109
3 years$18,888$18,353$17,838$17,342$16,864$16,403
4 years$14,025$13,491$12,981$12,494$12,027$11,581
5 years$11,108$10,577$10,074$9,596$9,143$8,713
6 years$9,164$8,637$8,141$7,674$7,235$6,821
7 years$7,776$7,254$6,765$6,309$5,884$5,486
8 years$6,735$6,218$5,738$5,293$4,881$4,500
9 years$5,926$5,414$4,942$4,508$4,111$3,746
10 years$5,279$4,772$4,308$3,886$3,502$3,154
11 years$4,750$4,248$3,793$3,382$3,012$2,680
12 years$4,310$3,813$3,366$2,967$2,610$2,294
13 years$3,938$3,446$3,008$2,619$2,276$1,975
14 years$3,619$3,132$2,702$2,325$1,995$1,709
15 years$3,343$2,861$2,440$2,073$1,757$1,485
16 years$3,101$2,625$2,212$1,857$1,553$1,295
17 years$2,889$2,418$2,013$1,668$1,377$1,132
18 years$2,700$2,234$1,837$1,503$1,224$993
19 years$2,531$2,070$1,682$1,358$1,091$873
20 years$2,379$1,924$1,544$1,230$975$768
21 years$2,242$1,792$1,420$1,117$872$678
22 years$2,117$1,673$1,309$1,015$782$598
23 years$2,004$1,565$1,208$925$702$529
24 years$1,900$1,466$1,118$843$631$468
25 years$1,805$1,376$1,035$770$568$415
26 years$1,717$1,293$960$704$511$368
27 years$1,635$1,217$891$645$461$327
28 years$1,560$1,147$829$591$416$290
29 years$1,490$1,082$771$542$376$258
30 years$1,425$1,021$718$497$339$229
31 years$1,364$966$670$456$307$204
32 years$1,307$914$625$419$278$182
33 years$1,254$865$583$386$251$162
34 years$1,203$820$545$355$227$144
35 years$1,156$778$510$327$206$128
36 years$1,112$738$477$301$187$114
37 years$1,070$701$446$277$169$102
38 years$1,030$666$418$256$153$91
39 years$993$634$391$236$139$81
40 years$957$603$367$217$126$72
41 years$923$574$344$201$114$64
42 years$891$547$323$185$104$57
43 years$861$521$303$171$94$51
44 years$832$496$284$158$86$46
45 years$804$473$267$146$78$41
46 years$778$452$251$135$70$36
47 years$753$431$236$124$64$32
48 years$728$411$221$115$58$29
49 years$705$393$208$106$53$26
50 years$683$375$196$98$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $700,000, adding $3,474 every year, while hoping to spend $47,711 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: 56/18/26 Blend
48$700,000$700,000$700,000$700,000
49$774,983$737,883$727,033$812,679
50$803,268$723,276$700,625$824,336
51$832,838$706,353$671,733$831,745
52$863,774$686,952$640,223$838,829
53$896,165$664,898$605,956$845,573
54$930,105$640,009$568,787$851,962
55$965,697$612,090$528,562$857,981
56$1,003,051$580,936$485,122$863,617
57$1,042,290$546,329$438,301$868,860
58$1,083,544$508,040$387,925$873,700
59$1,126,956$465,825$333,811$878,132
60$1,172,683$419,427$275,771$882,152
61$1,220,893$368,576$213,606$885,761
62$1,271,772$312,984$147,109$888,961
63$1,325,520$252,347$76,065$891,764
64$1,382,357$186,347$247$894,183
65$1,442,523$114,643$0$896,239
66$1,506,280$36,880$0$920,339
67$1,573,914$0$0$945,668
68$1,645,737$0$0$981,649
69$1,722,091$0$0$1,027,699
70$1,803,351$0$0$1,076,743
71$1,889,926$0$0$1,129,031
72$1,982,265$0$0$1,184,841
73$2,080,858$0$0$1,244,474
74$2,186,245$0$0$1,308,261
75$2,299,015$0$0$1,376,564
76$2,419,815$0$0$1,449,783
77$2,549,356$0$0$1,528,354
78$2,688,415$0$0$1,612,756
79$2,837,848$0$0$1,703,515
80$2,998,592$0$0$1,801,208
81$3,171,678$0$0$1,906,470
82$3,358,235$0$0$2,019,998
83$3,559,508$0$0$2,142,555
84$3,776,861$0$0$2,274,984
85$4,011,793$0$0$2,418,208
86$4,265,954$0$0$2,573,243
87$4,541,156$0$0$2,741,206
88$4,839,390$0$0$2,923,323
89$5,162,848$0$0$3,120,946
90$5,513,939$0$0$3,335,559
91$5,895,312$0$0$3,568,795
92$6,309,882$0$0$3,822,451
93$6,760,855$0$0$4,098,503
94$7,251,760$0$0$4,399,127
95$7,786,478$0$0$4,726,715
96$8,369,281$0$0$5,083,903
97$9,004,870$0$0$5,473,588
98$9,698,419$0$0$5,898,961
99$10,455,625$0$0$6,363,535
100$11,282,757$0$0$6,871,176