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%16.8%
1 years$59,457$58,927$58,411$57,906$57,414$55,822
2 years$29,434$28,886$28,355$27,840$27,340$25,748
3 years$19,428$18,877$18,347$17,837$17,346$15,804
4 years$14,426$13,877$13,352$12,851$12,371$10,891
5 years$11,425$10,880$10,362$9,870$9,404$7,990
6 years$9,425$8,884$8,374$7,894$7,441$6,094
7 years$7,998$7,461$6,959$6,490$6,052$4,771
8 years$6,927$6,395$5,902$5,444$5,020$3,806
9 years$6,095$5,568$5,083$4,637$4,228$3,079
10 years$5,430$4,908$4,431$3,997$3,602$2,517
11 years$4,886$4,369$3,901$3,479$3,098$2,075
12 years$4,433$3,922$3,462$3,051$2,685$1,722
13 years$4,050$3,544$3,093$2,694$2,341$1,436
14 years$3,722$3,221$2,779$2,391$2,052$1,203
15 years$3,438$2,943$2,509$2,133$1,807$1,011
16 years$3,190$2,700$2,275$1,910$1,597$853
17 years$2,971$2,487$2,070$1,716$1,416$721
18 years$2,777$2,298$1,890$1,546$1,259$610
19 years$2,603$2,130$1,730$1,397$1,122$518
20 years$2,447$1,979$1,588$1,265$1,002$440
21 years$2,306$1,843$1,461$1,148$897$374
22 years$2,178$1,721$1,346$1,044$804$318
23 years$2,061$1,609$1,243$951$722$271
24 years$1,954$1,508$1,149$867$649$231
25 years$1,856$1,415$1,065$792$584$197
26 years$1,766$1,330$987$724$526$168
27 years$1,682$1,252$917$663$474$144
28 years$1,605$1,179$852$607$428$123
29 years$1,533$1,113$793$557$386$105
30 years$1,466$1,051$739$511$349$90
31 years$1,403$993$689$469$316$77
32 years$1,344$940$643$431$285$66
33 years$1,289$890$600$397$258$56
34 years$1,238$844$561$365$234$48
35 years$1,189$800$524$336$212$41
36 years$1,144$759$490$309$192$35
37 years$1,100$721$459$285$174$30
38 years$1,060$685$430$263$158$26
39 years$1,021$652$403$242$143$22
40 years$984$620$377$224$130$19
41 years$950$590$354$206$118$16
42 years$917$562$332$190$107$14
43 years$885$536$312$176$97$12
44 years$855$511$292$162$88$10
45 years$827$487$275$150$80$9
46 years$800$464$258$138$73$7
47 years$774$443$242$128$66$6
48 years$749$423$228$118$60$5
49 years$726$404$214$109$54$5
50 years$703$386$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $720,000, adding $6,374 every year, while hoping to spend $32,852 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: 59/13/28 Blend
48$720,000$720,000$720,000$720,000
49$800,015$761,855$750,695$840,785
50$846,662$764,231$740,889$871,753
51$896,966$765,623$729,653$901,482
52$951,266$765,948$716,906$933,228
53$1,009,932$765,117$702,559$967,196
54$1,073,374$763,036$686,524$1,003,613
55$1,142,041$759,608$668,705$1,042,729
56$1,216,426$754,725$649,003$1,084,823
57$1,297,072$748,277$627,316$1,130,203
58$1,384,576$740,145$603,533$1,179,209
59$1,479,594$730,204$577,543$1,232,218
60$1,582,848$718,320$549,226$1,289,648
61$1,695,133$704,352$518,460$1,351,959
62$1,817,322$688,150$485,114$1,419,662
63$1,950,377$669,558$449,053$1,493,323
64$2,095,356$648,406$410,137$1,573,564
65$2,253,422$624,519$368,217$1,661,077
66$2,425,859$597,708$323,139$1,756,624
67$2,614,075$567,774$274,743$1,861,049
68$2,819,624$534,508$222,861$1,975,284
69$3,044,215$497,688$167,315$2,100,360
70$3,289,729$457,079$107,925$2,237,414
71$3,558,238$412,433$44,497$2,387,706
72$3,852,024$363,487$0$2,552,624
73$4,173,597$309,965$0$2,740,633
74$4,525,723$251,573$0$2,961,136
75$4,911,449$188,002$0$3,202,763
76$5,334,128$118,925$0$3,467,650
77$5,797,454$43,997$0$3,758,151
78$6,305,496$0$0$4,076,861
79$6,862,733$0$0$4,431,955
80$7,474,103$0$0$4,828,508
81$8,145,040$0$0$5,263,761
82$8,881,534$0$0$5,741,607
83$9,690,179$0$0$6,266,333
84$10,578,241$0$0$6,842,662
85$11,553,726$0$0$7,475,797
86$12,625,450$0$0$8,171,470
87$13,803,127$0$0$8,935,995
88$15,097,458$0$0$9,776,330
89$16,520,233$0$0$10,700,139
90$18,084,441$0$0$11,715,864
91$19,804,391$0$0$12,832,809
92$21,695,848$0$0$14,061,223
93$23,776,184$0$0$15,412,399
94$26,064,535$0$0$16,898,778
95$28,581,989$0$0$18,534,068
96$31,351,778$0$0$20,333,374
97$34,399,499$0$0$22,313,337
98$37,753,358$0$0$24,492,295
99$41,444,432$0$0$26,890,450
100$45,506,962$0$0$29,530,065