Can I retire at age 49 with 710,000?

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 $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%15%
1 years$58,631$58,109$57,599$57,102$56,616$55,451
2 years$29,025$28,485$27,961$27,453$26,960$25,791
3 years$19,158$18,615$18,093$17,589$17,105$15,968
4 years$14,225$13,684$13,167$12,672$12,199$11,105
5 years$11,266$10,728$10,218$9,733$9,274$8,224
6 years$9,295$8,761$8,258$7,784$7,338$6,335
7 years$7,887$7,357$6,862$6,400$5,968$5,011
8 years$6,831$6,306$5,820$5,368$4,951$4,040
9 years$6,011$5,491$5,012$4,573$4,169$3,303
10 years$5,355$4,840$4,370$3,942$3,552$2,731
11 years$4,818$4,309$3,847$3,430$3,055$2,277
12 years$4,372$3,867$3,414$3,009$2,648$1,912
13 years$3,994$3,495$3,050$2,656$2,309$1,614
14 years$3,670$3,177$2,741$2,358$2,024$1,369
15 years$3,390$2,902$2,475$2,103$1,782$1,165
16 years$3,146$2,663$2,244$1,883$1,575$995
17 years$2,930$2,452$2,042$1,692$1,396$852
18 years$2,738$2,266$1,864$1,525$1,242$731
19 years$2,567$2,100$1,706$1,378$1,107$629
20 years$2,413$1,951$1,566$1,248$989$541
21 years$2,274$1,818$1,440$1,132$885$467
22 years$2,148$1,697$1,327$1,030$793$403
23 years$2,033$1,587$1,226$938$712$348
24 years$1,927$1,487$1,133$855$640$301
25 years$1,830$1,395$1,050$781$576$261
26 years$1,741$1,311$974$714$519$226
27 years$1,659$1,234$904$654$468$196
28 years$1,582$1,163$841$599$422$170
29 years$1,511$1,097$782$549$381$147
30 years$1,445$1,036$729$504$344$128
31 years$1,383$979$679$463$311$111
32 years$1,326$927$634$425$281$96
33 years$1,272$878$592$391$255$83
34 years$1,221$832$553$360$231$72
35 years$1,173$789$517$331$209$63
36 years$1,128$749$484$305$189$55
37 years$1,085$711$453$281$172$47
38 years$1,045$676$424$259$156$41
39 years$1,007$643$397$239$141$36
40 years$971$612$372$220$128$31
41 years$936$582$349$203$116$27
42 years$904$554$327$188$105$24
43 years$873$528$307$173$96$20
44 years$844$503$288$160$87$18
45 years$816$480$271$148$79$15
46 years$789$458$254$136$72$13
47 years$763$437$239$126$65$12
48 years$739$417$225$117$59$10
49 years$716$398$211$108$54$9
50 years$693$381$198$100$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $710,000, adding $4,825 every year, while hoping to spend $41,294 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: 48/29/23 Blend
48$710,000$710,000$710,000$710,000
49$787,397$749,767$738,762$819,843
50$823,775$742,569$719,574$835,801
51$862,480$733,634$698,359$848,612
52$903,704$722,834$675,006$861,683
53$947,662$710,033$649,398$875,057
54$994,583$695,085$621,413$888,785
55$1,044,725$677,837$590,924$902,924
56$1,098,364$658,129$557,798$917,542
57$1,155,807$635,788$521,894$932,715
58$1,217,391$610,632$483,069$948,530
59$1,283,481$582,470$441,169$965,088
60$1,354,484$551,099$396,035$982,503
61$1,430,842$516,303$347,503$1,000,906
62$1,513,041$477,855$295,397$1,020,442
63$1,601,617$435,515$239,539$1,041,279
64$1,697,156$389,030$179,738$1,063,606
65$1,800,303$338,130$115,797$1,087,635
66$1,911,768$282,532$47,510$1,113,606
67$2,032,329$221,937$0$1,141,789
68$2,162,843$156,028$0$1,178,713
69$2,304,250$84,470$0$1,231,339
70$2,457,586$6,912$0$1,288,437
71$2,623,988$0$0$1,350,495
72$2,804,709$0$0$1,442,633
73$3,001,125$0$0$1,545,240
74$3,214,752$0$0$1,656,909
75$3,447,255$0$0$1,778,522
76$3,700,468$0$0$1,911,046
77$3,976,409$0$0$2,055,548
78$4,277,299$0$0$2,213,200
79$4,605,581$0$0$2,385,295
80$4,963,946$0$0$2,573,253
81$5,355,354$0$0$2,778,639
82$5,783,067$0$0$3,003,177
83$6,250,673$0$0$3,248,763
84$6,762,123$0$0$3,517,485
85$7,321,768$0$0$3,811,644
86$7,934,399$0$0$4,133,771
87$8,605,291$0$0$4,486,655
88$9,340,255$0$0$4,873,368
89$10,145,687$0$0$5,297,291
90$11,028,634$0$0$5,762,149
91$11,996,856$0$0$6,272,046
92$13,058,902$0$0$6,831,500
93$14,224,184$0$0$7,445,490
94$15,503,073$0$0$8,119,497
95$16,906,992$0$0$8,859,562
96$18,448,522$0$0$9,672,338
97$20,141,525$0$0$10,565,154
98$22,001,268$0$0$11,546,083
99$24,044,573$0$0$12,624,021
100$26,289,968$0$0$13,808,765