Can I retire at age 49 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$61,109$60,564$60,033$59,515$59,009$56,892
2 years$30,252$29,688$29,142$28,613$28,099$25,990
3 years$19,967$19,402$18,857$18,333$17,827$15,791
4 years$14,826$14,262$13,723$13,208$12,715$10,768
5 years$11,743$11,182$10,650$10,145$9,665$7,812
6 years$9,687$9,131$8,607$8,113$7,648$5,890
7 years$8,220$7,668$7,152$6,670$6,220$4,557
8 years$7,120$6,573$6,066$5,595$5,160$3,591
9 years$6,265$5,723$5,224$4,766$4,345$2,868
10 years$5,581$5,044$4,555$4,108$3,703$2,314
11 years$5,022$4,491$4,010$3,575$3,184$1,882
12 years$4,556$4,031$3,559$3,136$2,759$1,540
13 years$4,163$3,643$3,179$2,769$2,406$1,266
14 years$3,826$3,311$2,857$2,458$2,109$1,045
15 years$3,534$3,025$2,579$2,192$1,857$866
16 years$3,278$2,775$2,338$1,963$1,641$719
17 years$3,054$2,556$2,128$1,763$1,455$598
18 years$2,854$2,362$1,942$1,589$1,294$499
19 years$2,675$2,189$1,778$1,436$1,153$416
20 years$2,515$2,034$1,632$1,301$1,030$348
21 years$2,370$1,894$1,501$1,180$922$291
22 years$2,238$1,768$1,383$1,073$826$244
23 years$2,119$1,654$1,277$977$742$204
24 years$2,009$1,550$1,181$891$667$171
25 years$1,908$1,454$1,094$814$600$144
26 years$1,815$1,367$1,015$744$540$121
27 years$1,729$1,286$942$681$487$101
28 years$1,649$1,212$876$624$440$85
29 years$1,575$1,143$815$572$397$71
30 years$1,506$1,080$759$525$359$60
31 years$1,442$1,021$708$483$324$50
32 years$1,382$966$661$443$293$42
33 years$1,325$915$617$408$266$36
34 years$1,272$867$576$375$240$30
35 years$1,222$822$539$345$218$25
36 years$1,175$780$504$318$197$21
37 years$1,131$741$472$293$179$18
38 years$1,089$704$442$270$162$15
39 years$1,049$670$414$249$147$13
40 years$1,012$637$388$230$133$11
41 years$976$607$364$212$121$9
42 years$942$578$341$196$110$7
43 years$910$551$320$181$100$6
44 years$879$525$301$167$90$5
45 years$850$500$282$154$82$4
46 years$822$477$265$142$75$4
47 years$796$456$249$131$68$3
48 years$770$435$234$121$61$3
49 years$746$415$220$112$56$2
50 years$722$397$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $740,000, adding $3,606 every year, while hoping to spend $52,992 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: 44/30/26 Blend
48$740,000$740,000$740,000$740,000
49$819,200$779,980$768,510$848,925
50$846,375$761,816$737,872$852,257
51$874,546$740,985$704,431$850,497
52$903,758$717,302$668,038$847,555
53$934,061$690,569$628,537$843,350
54$965,505$660,577$585,763$837,797
55$998,146$627,105$539,545$830,808
56$1,032,042$589,918$489,705$822,290
57$1,067,256$548,770$436,056$812,146
58$1,103,855$503,399$378,403$800,272
59$1,141,912$453,528$316,543$786,564
60$1,181,502$398,866$250,262$770,908
61$1,222,708$339,104$179,339$753,189
62$1,265,620$273,915$103,542$733,284
63$1,310,331$202,955$22,629$711,066
64$1,356,945$125,860$0$686,403
65$1,405,572$42,246$0$676,834
66$1,456,330$0$0$672,387
67$1,509,349$0$0$682,645
68$1,564,767$0$0$707,966
69$1,622,733$0$0$734,474
70$1,683,410$0$0$762,246
71$1,746,974$0$0$791,366
72$1,813,615$0$0$821,924
73$1,883,539$0$0$854,018
74$1,956,971$0$0$887,757
75$2,034,154$0$0$923,256
76$2,115,354$0$0$960,641
77$2,200,858$0$0$1,000,051
78$2,290,980$0$0$1,041,636
79$2,386,062$0$0$1,085,559
80$2,486,477$0$0$1,131,999
81$2,592,630$0$0$1,181,151
82$2,704,966$0$0$1,233,228
83$2,823,969$0$0$1,288,462
84$2,950,168$0$0$1,347,107
85$3,084,140$0$0$1,409,442
86$3,226,520$0$0$1,475,770
87$3,377,997$0$0$1,546,424
88$3,539,330$0$0$1,621,769
89$3,711,347$0$0$1,702,203
90$3,894,957$0$0$1,788,165
91$4,091,154$0$0$1,880,134
92$4,301,029$0$0$1,978,635
93$4,525,777$0$0$2,084,246
94$4,766,710$0$0$2,197,597
95$5,025,267$0$0$2,319,385
96$5,303,025$0$0$2,450,371
97$5,601,717$0$0$2,591,390
98$5,923,247$0$0$2,743,363
99$6,269,702$0$0$2,907,298
100$6,643,378$0$0$3,084,305