Can I retire at age 49 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$59,457$58,927$58,411$57,906$57,414$56,393
2 years$29,434$28,886$28,355$27,840$27,340$26,315
3 years$19,428$18,877$18,347$17,837$17,346$16,348
4 years$14,426$13,877$13,352$12,851$12,371$11,409
5 years$11,425$10,880$10,362$9,870$9,404$8,481
6 years$9,425$8,884$8,374$7,894$7,441$6,557
7 years$7,998$7,461$6,959$6,490$6,052$5,207
8 years$6,927$6,395$5,902$5,444$5,020$4,215
9 years$6,095$5,568$5,083$4,637$4,228$3,461
10 years$5,430$4,908$4,431$3,997$3,602$2,874
11 years$4,886$4,369$3,901$3,479$3,098$2,407
12 years$4,433$3,922$3,462$3,051$2,685$2,030
13 years$4,050$3,544$3,093$2,694$2,341$1,722
14 years$3,722$3,221$2,779$2,391$2,052$1,467
15 years$3,438$2,943$2,509$2,133$1,807$1,255
16 years$3,190$2,700$2,275$1,910$1,597$1,077
17 years$2,971$2,487$2,070$1,716$1,416$927
18 years$2,777$2,298$1,890$1,546$1,259$799
19 years$2,603$2,130$1,730$1,397$1,122$691
20 years$2,447$1,979$1,588$1,265$1,002$598
21 years$2,306$1,843$1,461$1,148$897$518
22 years$2,178$1,721$1,346$1,044$804$450
23 years$2,061$1,609$1,243$951$722$391
24 years$1,954$1,508$1,149$867$649$340
25 years$1,856$1,415$1,065$792$584$296
26 years$1,766$1,330$987$724$526$258
27 years$1,682$1,252$917$663$474$225
28 years$1,605$1,179$852$607$428$196
29 years$1,533$1,113$793$557$386$171
30 years$1,466$1,051$739$511$349$149
31 years$1,403$993$689$469$316$130
32 years$1,344$940$643$431$285$114
33 years$1,289$890$600$397$258$99
34 years$1,238$844$561$365$234$87
35 years$1,189$800$524$336$212$76
36 years$1,144$759$490$309$192$66
37 years$1,100$721$459$285$174$58
38 years$1,060$685$430$263$158$51
39 years$1,021$652$403$242$143$44
40 years$984$620$377$224$130$39
41 years$950$590$354$206$118$34
42 years$917$562$332$190$107$30
43 years$885$536$312$176$97$26
44 years$855$511$292$162$88$23
45 years$827$487$275$150$80$20
46 years$800$464$258$138$73$17
47 years$774$443$242$128$66$15
48 years$749$423$228$118$60$13
49 years$726$404$214$109$54$12
50 years$703$386$201$101$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $720,000, adding $3,562 every year, while hoping to spend $38,372 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: 47/32/21 Blend
48$720,000$720,000$720,000$720,000
49$797,114$758,954$747,794$829,661
50$837,592$755,315$732,018$849,125
51$880,913$750,212$714,427$866,123
52$927,326$743,533$694,920$883,780
53$977,105$735,157$673,391$902,175
54$1,030,550$724,960$649,730$921,397
55$1,087,990$712,807$623,820$941,548
56$1,149,787$698,557$595,540$962,740
57$1,216,338$682,059$564,764$985,102
58$1,288,080$663,155$531,359$1,008,777
59$1,365,492$641,677$495,186$1,033,927
60$1,449,099$617,446$456,102$1,060,734
61$1,539,480$590,274$413,955$1,089,402
62$1,637,271$559,962$368,587$1,120,158
63$1,743,171$526,299$319,833$1,153,258
64$1,857,948$489,061$267,521$1,188,988
65$1,982,447$448,013$211,471$1,227,668
66$2,117,597$402,906$151,496$1,269,654
67$2,264,420$353,477$87,399$1,315,345
68$2,424,040$299,446$18,976$1,365,185
69$2,597,694$240,521$0$1,419,671
70$2,786,742$176,390$0$1,491,463
71$2,992,682$106,725$0$1,574,392
72$3,217,161$31,179$0$1,664,939
73$3,461,992$0$0$1,763,918
74$3,729,171$0$0$1,890,057
75$4,020,896$0$0$2,039,848
76$4,339,583$0$0$2,203,563
77$4,687,897$0$0$2,382,580
78$5,068,767$0$0$2,578,415
79$5,485,421$0$0$2,792,740
80$5,941,413$0$0$3,027,392
81$6,440,655$0$0$3,284,397
82$6,987,456$0$0$3,565,986
83$7,586,561$0$0$3,874,614
84$8,243,196$0$0$4,212,986
85$8,963,116$0$0$4,584,082
86$9,752,660$0$0$4,991,183
87$10,618,809$0$0$5,437,903
88$11,569,254$0$0$5,928,223
89$12,612,466$0$0$6,466,529
90$13,757,774$0$0$7,057,652
91$15,015,457$0$0$7,706,913
92$16,396,836$0$0$8,420,174
93$17,914,386$0$0$9,203,892
94$19,581,845$0$0$10,065,184
95$21,414,351$0$0$11,011,885
96$23,428,580$0$0$12,052,632
97$25,642,904$0$0$13,196,937
98$28,077,565$0$0$14,455,282
99$30,754,862$0$0$15,839,214
100$33,699,365$0$0$17,361,456