Can I retire at age 49 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$58,631$58,109$57,599$57,102$56,616$55,909
2 years$29,025$28,485$27,961$27,453$26,960$26,248
3 years$19,158$18,615$18,093$17,589$17,105$16,410
4 years$14,225$13,684$13,167$12,672$12,199$11,528
5 years$11,266$10,728$10,218$9,733$9,274$8,628
6 years$9,295$8,761$8,258$7,784$7,338$6,718
7 years$7,887$7,357$6,862$6,400$5,968$5,373
8 years$6,831$6,306$5,820$5,368$4,951$4,383
9 years$6,011$5,491$5,012$4,573$4,169$3,627
10 years$5,355$4,840$4,370$3,942$3,552$3,035
11 years$4,818$4,309$3,847$3,430$3,055$2,563
12 years$4,372$3,867$3,414$3,009$2,648$2,180
13 years$3,994$3,495$3,050$2,656$2,309$1,865
14 years$3,670$3,177$2,741$2,358$2,024$1,603
15 years$3,390$2,902$2,475$2,103$1,782$1,383
16 years$3,146$2,663$2,244$1,883$1,575$1,198
17 years$2,930$2,452$2,042$1,692$1,396$1,040
18 years$2,738$2,266$1,864$1,525$1,242$906
19 years$2,567$2,100$1,706$1,378$1,107$790
20 years$2,413$1,951$1,566$1,248$989$691
21 years$2,274$1,818$1,440$1,132$885$605
22 years$2,148$1,697$1,327$1,030$793$530
23 years$2,033$1,587$1,226$938$712$465
24 years$1,927$1,487$1,133$855$640$409
25 years$1,830$1,395$1,050$781$576$359
26 years$1,741$1,311$974$714$519$316
27 years$1,659$1,234$904$654$468$278
28 years$1,582$1,163$841$599$422$245
29 years$1,511$1,097$782$549$381$216
30 years$1,445$1,036$729$504$344$191
31 years$1,383$979$679$463$311$168
32 years$1,326$927$634$425$281$148
33 years$1,272$878$592$391$255$131
34 years$1,221$832$553$360$231$116
35 years$1,173$789$517$331$209$102
36 years$1,128$749$484$305$189$90
37 years$1,085$711$453$281$172$80
38 years$1,045$676$424$259$156$71
39 years$1,007$643$397$239$141$62
40 years$971$612$372$220$128$55
41 years$936$582$349$203$116$49
42 years$904$554$327$188$105$43
43 years$873$528$307$173$96$38
44 years$844$503$288$160$87$34
45 years$816$480$271$148$79$30
46 years$789$458$254$136$72$26
47 years$763$437$239$126$65$23
48 years$739$417$225$117$59$21
49 years$716$398$211$108$54$18
50 years$693$381$198$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $710,000, adding $4,938 every year, while hoping to spend $21,987 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: 66/17/17 Blend
48$710,000$710,000$710,000$710,000
49$787,514$749,884$738,879$835,904
50$844,446$763,234$740,237$882,249
51$906,449$776,501$740,904$929,888
52$974,015$789,659$740,833$981,426
53$1,047,690$802,677$739,976$1,037,246
54$1,128,070$815,524$738,281$1,097,767
55$1,215,815$828,167$735,696$1,163,454
56$1,311,650$840,569$732,163$1,234,817
57$1,416,372$852,690$727,624$1,312,420
58$1,530,860$864,490$722,018$1,396,883
59$1,656,081$875,924$715,279$1,488,891
60$1,793,101$886,944$707,340$1,589,198
61$1,943,092$897,499$698,131$1,698,635
62$2,107,346$907,534$687,577$1,818,120
63$2,287,284$916,992$675,599$1,948,662
64$2,484,473$925,811$662,118$2,091,375
65$2,700,638$933,925$647,048$2,247,488
66$2,937,678$941,262$630,299$2,418,353
67$3,197,686$947,749$611,779$2,605,464
68$3,482,966$953,305$591,390$2,810,464
69$3,796,057$957,845$569,029$3,035,167
70$4,139,755$961,279$544,592$3,281,572
71$4,517,140$963,512$517,966$3,551,883
72$4,931,605$964,440$489,034$3,848,529
73$5,386,887$963,956$457,675$4,174,187
74$5,887,104$961,945$423,762$4,531,810
75$6,436,791$958,283$387,161$4,924,652
76$7,040,947$952,842$347,734$5,356,300
77$7,705,077$945,484$305,336$5,830,707
78$8,435,245$936,063$259,815$6,352,234
79$9,238,134$924,425$211,013$6,925,684
80$10,121,106$910,404$158,764$7,556,355
81$11,092,273$893,828$102,897$8,250,084
82$12,160,572$874,513$43,231$9,013,309
83$13,335,849$852,262$0$9,853,121
84$14,628,954$826,871$0$10,781,051
85$16,051,840$798,121$0$11,810,618
86$17,617,679$765,780$0$12,943,510
87$19,340,982$729,603$0$14,190,240
88$21,237,741$689,332$0$15,562,390
89$23,325,575$644,694$0$17,072,727
90$25,623,897$595,398$0$18,735,319
91$28,154,101$541,138$0$20,565,670
92$30,939,757$481,592$0$22,580,866
93$34,006,839$416,417$0$24,799,738
94$37,383,967$345,252$0$27,243,036
95$41,102,678$267,715$0$29,933,630
96$45,197,722$183,404$0$32,896,721
97$49,707,391$91,892$0$36,160,085
98$54,673,881$0$0$39,754,330
99$60,143,688$0$0$43,714,550
100$66,168,046$0$0$48,095,268