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%17.8%
1 years$58,631$58,109$57,599$57,102$56,616$54,826
2 years$29,025$28,485$27,961$27,453$26,960$25,173
3 years$19,158$18,615$18,093$17,589$17,105$15,376
4 years$14,225$13,684$13,167$12,672$12,199$10,543
5 years$11,266$10,728$10,218$9,733$9,274$7,694
6 years$9,295$8,761$8,258$7,784$7,338$5,836
7 years$7,887$7,357$6,862$6,400$5,968$4,544
8 years$6,831$6,306$5,820$5,368$4,951$3,604
9 years$6,011$5,491$5,012$4,573$4,169$2,897
10 years$5,355$4,840$4,370$3,942$3,552$2,354
11 years$4,818$4,309$3,847$3,430$3,055$1,928
12 years$4,372$3,867$3,414$3,009$2,648$1,589
13 years$3,994$3,495$3,050$2,656$2,309$1,317
14 years$3,670$3,177$2,741$2,358$2,024$1,095
15 years$3,390$2,902$2,475$2,103$1,782$914
16 years$3,146$2,663$2,244$1,883$1,575$765
17 years$2,930$2,452$2,042$1,692$1,396$642
18 years$2,738$2,266$1,864$1,525$1,242$540
19 years$2,567$2,100$1,706$1,378$1,107$454
20 years$2,413$1,951$1,566$1,248$989$383
21 years$2,274$1,818$1,440$1,132$885$323
22 years$2,148$1,697$1,327$1,030$793$273
23 years$2,033$1,587$1,226$938$712$231
24 years$1,927$1,487$1,133$855$640$195
25 years$1,830$1,395$1,050$781$576$165
26 years$1,741$1,311$974$714$519$140
27 years$1,659$1,234$904$654$468$119
28 years$1,582$1,163$841$599$422$100
29 years$1,511$1,097$782$549$381$85
30 years$1,445$1,036$729$504$344$72
31 years$1,383$979$679$463$311$61
32 years$1,326$927$634$425$281$52
33 years$1,272$878$592$391$255$44
34 years$1,221$832$553$360$231$37
35 years$1,173$789$517$331$209$32
36 years$1,128$749$484$305$189$27
37 years$1,085$711$453$281$172$23
38 years$1,045$676$424$259$156$19
39 years$1,007$643$397$239$141$16
40 years$971$612$372$220$128$14
41 years$936$582$349$203$116$12
42 years$904$554$327$188$105$10
43 years$873$528$307$173$96$9
44 years$844$503$288$160$87$7
45 years$816$480$271$148$79$6
46 years$789$458$254$136$72$5
47 years$763$437$239$126$65$4
48 years$739$417$225$117$59$4
49 years$716$398$211$108$54$3
50 years$693$381$198$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $710,000, adding $5,970 every year, while hoping to spend $28,405 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: 53/34/13 Blend
48$710,000$710,000$710,000$710,000
49$788,578$750,948$739,943$827,363
50$838,790$757,522$734,508$861,035
51$893,172$763,466$727,940$894,107
52$952,119$768,719$720,169$929,438
53$1,016,066$773,216$711,125$967,252
54$1,085,490$776,889$700,733$1,007,792
55$1,160,917$779,665$688,916$1,051,329
56$1,242,927$781,464$675,590$1,098,163
57$1,332,155$782,205$660,672$1,148,623
58$1,429,301$781,800$644,071$1,203,076
59$1,535,136$780,155$625,694$1,261,926
60$1,650,508$777,170$605,442$1,325,619
61$1,776,349$772,741$583,214$1,394,650
62$1,913,688$766,756$558,902$1,469,563
63$2,063,653$759,096$532,395$1,550,962
64$2,227,490$749,636$503,575$1,639,514
65$2,406,569$738,243$472,319$1,735,954
66$2,602,398$724,776$438,501$1,841,097
67$2,816,638$709,086$401,986$1,955,841
68$3,051,117$691,013$362,635$2,081,179
69$3,307,850$670,391$320,302$2,218,209
70$3,589,053$647,043$274,834$2,368,141
71$3,897,169$620,780$226,073$2,532,314
72$4,234,886$591,404$173,853$2,712,205
73$4,605,167$558,706$117,999$2,909,446
74$5,011,274$522,462$58,332$3,125,840
75$5,456,800$482,439$0$3,363,375
76$5,945,702$438,387$0$3,624,989
77$6,482,340$390,044$0$3,921,049
78$7,071,515$337,133$0$4,246,162
79$7,718,518$279,361$0$4,603,310
80$8,429,175$216,418$0$4,995,789
81$9,209,905$147,976$0$5,427,228
82$10,067,779$73,691$0$5,901,636
83$11,010,588$0$0$6,423,432
84$12,046,915$0$0$7,000,037
85$13,186,214$0$0$7,664,319
86$14,438,902$0$0$8,394,792
87$15,816,458$0$0$9,198,158
88$17,331,525$0$0$10,081,800
89$18,998,035$0$0$11,053,855
90$20,831,337$0$0$12,123,287
91$22,848,345$0$0$13,299,971
92$25,067,693$0$0$14,594,791
93$27,509,912$0$0$16,019,737
94$30,197,624$0$0$17,588,019
95$33,155,757$0$0$19,314,196
96$36,411,775$0$0$21,214,308
97$39,995,943$0$0$23,306,027
98$43,941,606$0$0$25,608,830
99$48,285,507$0$0$28,144,175
100$53,068,136$0$0$30,935,707