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%11%
1 years$59,457$58,927$58,411$57,906$57,414$57,172
2 years$29,434$28,886$28,355$27,840$27,340$27,096
3 years$19,428$18,877$18,347$17,837$17,346$17,107
4 years$14,426$13,877$13,352$12,851$12,371$12,139
5 years$11,425$10,880$10,362$9,870$9,404$9,180
6 years$9,425$8,884$8,374$7,894$7,441$7,225
7 years$7,998$7,461$6,959$6,490$6,052$5,844
8 years$6,927$6,395$5,902$5,444$5,020$4,821
9 years$6,095$5,568$5,083$4,637$4,228$4,036
10 years$5,430$4,908$4,431$3,997$3,602$3,419
11 years$4,886$4,369$3,901$3,479$3,098$2,923
12 years$4,433$3,922$3,462$3,051$2,685$2,517
13 years$4,050$3,544$3,093$2,694$2,341$2,181
14 years$3,722$3,221$2,779$2,391$2,052$1,900
15 years$3,438$2,943$2,509$2,133$1,807$1,662
16 years$3,190$2,700$2,275$1,910$1,597$1,459
17 years$2,971$2,487$2,070$1,716$1,416$1,285
18 years$2,777$2,298$1,890$1,546$1,259$1,134
19 years$2,603$2,130$1,730$1,397$1,122$1,004
20 years$2,447$1,979$1,588$1,265$1,002$890
21 years$2,306$1,843$1,461$1,148$897$791
22 years$2,178$1,721$1,346$1,044$804$704
23 years$2,061$1,609$1,243$951$722$627
24 years$1,954$1,508$1,149$867$649$560
25 years$1,856$1,415$1,065$792$584$500
26 years$1,766$1,330$987$724$526$447
27 years$1,682$1,252$917$663$474$400
28 years$1,605$1,179$852$607$428$358
29 years$1,533$1,113$793$557$386$320
30 years$1,466$1,051$739$511$349$287
31 years$1,403$993$689$469$316$258
32 years$1,344$940$643$431$285$231
33 years$1,289$890$600$397$258$207
34 years$1,238$844$561$365$234$186
35 years$1,189$800$524$336$212$167
36 years$1,144$759$490$309$192$150
37 years$1,100$721$459$285$174$135
38 years$1,060$685$430$263$158$122
39 years$1,021$652$403$242$143$109
40 years$984$620$377$224$130$98
41 years$950$590$354$206$118$88
42 years$917$562$332$190$107$80
43 years$885$536$312$176$97$72
44 years$855$511$292$162$88$64
45 years$827$487$275$150$80$58
46 years$800$464$258$138$73$52
47 years$774$443$242$128$66$47
48 years$749$423$228$118$60$42
49 years$726$404$214$109$54$38
50 years$703$386$201$101$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $720,000, adding $2,012 every year, while hoping to spend $22,497 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: 56/15/29 Blend
48$720,000$720,000$720,000$720,000
49$795,515$757,355$746,195$833,590
50$852,721$770,529$747,256$873,214
51$915,008$783,594$747,599$913,867
52$982,871$796,522$747,175$957,711
53$1,056,853$809,281$745,935$1,005,062
54$1,137,554$821,838$743,825$1,056,269
55$1,225,632$834,156$740,792$1,111,717
56$1,321,815$846,197$736,776$1,171,829
57$1,426,899$857,921$731,717$1,237,075
58$1,541,766$869,281$725,553$1,307,971
59$1,667,382$880,233$718,215$1,385,087
60$1,804,815$890,724$709,635$1,469,052
61$1,955,237$900,701$699,739$1,560,561
62$2,119,942$910,106$688,451$1,660,380
63$2,300,353$918,878$675,691$1,769,352
64$2,498,038$926,951$661,375$1,888,410
65$2,714,722$934,256$645,416$2,018,583
66$2,952,308$940,719$627,721$2,161,005
67$3,212,889$946,259$608,195$2,316,926
68$3,498,771$950,794$586,738$2,487,727
69$3,812,496$954,233$563,244$2,674,930
70$4,156,862$956,482$537,603$2,880,215
71$4,534,951$957,438$509,702$3,105,433
72$4,950,159$956,996$479,420$3,352,628
73$5,406,226$955,039$446,632$3,624,051
74$5,907,273$951,449$411,206$3,922,189
75$6,457,840$946,095$373,006$4,249,782
76$7,062,927$938,841$331,890$4,609,850
77$7,728,045$929,543$287,707$5,005,728
78$8,459,263$918,048$240,303$5,441,089
79$9,263,268$904,193$189,513$5,919,988
80$10,147,428$887,805$135,169$6,446,892
81$11,119,861$868,702$77,092$7,026,729
82$12,189,509$846,692$15,097$7,664,932
83$13,366,228$821,568$0$8,367,494
84$14,660,874$793,116$0$9,156,819
85$16,085,409$761,104$0$10,030,403
86$17,653,014$725,292$0$10,991,665
87$19,378,213$685,422$0$12,049,527
88$21,277,006$641,223$0$13,213,819
89$23,367,025$592,408$0$14,495,379
90$25,667,700$538,674$0$15,906,146
91$28,200,436$479,700$0$17,459,280
92$30,988,822$415,147$0$19,169,285
93$34,058,849$344,657$0$21,052,143
94$37,439,158$267,851$0$23,125,469
95$41,161,308$184,331$0$25,408,675
96$45,260,072$93,674$0$27,923,152
97$49,773,770$0$0$30,692,480
98$54,744,626$0$0$33,743,392
99$60,219,168$0$0$37,120,563
100$66,248,668$0$0$40,840,167