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%12.2%
1 years$58,631$58,109$57,599$57,102$56,616$56,095
2 years$29,025$28,485$27,961$27,453$26,960$26,435
3 years$19,158$18,615$18,093$17,589$17,105$16,592
4 years$14,225$13,684$13,167$12,672$12,199$11,703
5 years$11,266$10,728$10,218$9,733$9,274$8,795
6 years$9,295$8,761$8,258$7,784$7,338$6,878
7 years$7,887$7,357$6,862$6,400$5,968$5,526
8 years$6,831$6,306$5,820$5,368$4,951$4,528
9 years$6,011$5,491$5,012$4,573$4,169$3,764
10 years$5,355$4,840$4,370$3,942$3,552$3,166
11 years$4,818$4,309$3,847$3,430$3,055$2,686
12 years$4,372$3,867$3,414$3,009$2,648$2,296
13 years$3,994$3,495$3,050$2,656$2,309$1,975
14 years$3,670$3,177$2,741$2,358$2,024$1,706
15 years$3,390$2,902$2,475$2,103$1,782$1,481
16 years$3,146$2,663$2,244$1,883$1,575$1,289
17 years$2,930$2,452$2,042$1,692$1,396$1,126
18 years$2,738$2,266$1,864$1,525$1,242$986
19 years$2,567$2,100$1,706$1,378$1,107$865
20 years$2,413$1,951$1,566$1,248$989$761
21 years$2,274$1,818$1,440$1,132$885$670
22 years$2,148$1,697$1,327$1,030$793$591
23 years$2,033$1,587$1,226$938$712$522
24 years$1,927$1,487$1,133$855$640$461
25 years$1,830$1,395$1,050$781$576$408
26 years$1,741$1,311$974$714$519$361
27 years$1,659$1,234$904$654$468$320
28 years$1,582$1,163$841$599$422$284
29 years$1,511$1,097$782$549$381$252
30 years$1,445$1,036$729$504$344$224
31 years$1,383$979$679$463$311$199
32 years$1,326$927$634$425$281$176
33 years$1,272$878$592$391$255$157
34 years$1,221$832$553$360$231$139
35 years$1,173$789$517$331$209$124
36 years$1,128$749$484$305$189$110
37 years$1,085$711$453$281$172$98
38 years$1,045$676$424$259$156$87
39 years$1,007$643$397$239$141$78
40 years$971$612$372$220$128$69
41 years$936$582$349$203$116$62
42 years$904$554$327$188$105$55
43 years$873$528$307$173$96$49
44 years$844$503$288$160$87$43
45 years$816$480$271$148$79$39
46 years$789$458$254$136$72$34
47 years$763$437$239$126$65$31
48 years$739$417$225$117$59$27
49 years$716$398$211$108$54$24
50 years$693$381$198$100$49$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $710,000, adding $3,864 every year, while hoping to spend $31,748 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: 35/47/18 Blend
48$710,000$710,000$710,000$710,000
49$786,406$748,776$737,771$809,475
50$832,839$751,686$728,706$829,579
51$882,945$753,675$718,274$848,014
52$937,065$754,664$706,395$867,236
53$995,572$754,569$692,986$887,334
54$1,058,879$753,302$677,960$908,407
55$1,127,439$750,768$661,226$930,566
56$1,201,749$746,867$642,689$953,937
57$1,282,357$741,493$622,249$978,659
58$1,369,866$734,534$599,802$1,004,889
59$1,464,936$725,871$575,239$1,032,806
60$1,568,297$715,376$548,447$1,062,605
61$1,680,750$702,916$519,307$1,094,508
62$1,803,177$688,349$487,694$1,128,761
63$1,936,547$671,524$453,477$1,165,642
64$2,081,928$652,282$416,523$1,205,457
65$2,240,496$630,455$376,687$1,248,551
66$2,413,543$605,864$333,823$1,295,307
67$2,602,493$578,320$287,775$1,346,152
68$2,808,914$547,624$238,381$1,401,562
69$3,034,530$513,564$185,474$1,462,068
70$3,281,240$475,917$128,876$1,528,258
71$3,551,137$434,447$68,403$1,600,790
72$3,846,521$388,904$3,863$1,680,391
73$4,169,930$339,024$0$1,767,874
74$4,524,156$284,529$0$1,876,625
75$4,912,272$225,123$0$1,996,761
76$5,337,666$160,496$0$2,128,692
77$5,804,066$90,319$0$2,273,694
78$6,315,582$14,245$0$2,433,181
79$6,876,736$0$0$2,608,716
80$7,492,512$0$0$2,837,247
81$8,168,399$0$0$3,096,279
82$8,910,444$0$0$3,380,776
83$9,725,307$0$0$3,693,305
84$10,620,325$0$0$4,036,695
85$11,603,580$0$0$4,414,060
86$12,683,977$0$0$4,828,833
87$13,871,324$0$0$5,284,797
88$15,176,428$0$0$5,786,116
89$16,611,196$0$0$6,337,382
90$18,188,743$0$0$6,943,651
91$19,923,520$0$0$7,610,495
92$21,831,451$0$0$8,344,052
93$23,930,075$0$0$9,151,087
94$26,238,722$0$0$10,039,051
95$28,778,685$0$0$11,016,157
96$31,573,429$0$0$12,091,450
97$34,648,805$0$0$13,274,901
98$38,033,298$0$0$14,577,492
99$41,758,294$0$0$16,011,326
100$45,858,377$0$0$17,589,740