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%18.6%
1 years$61,109$60,564$60,033$59,515$59,009$56,960
2 years$30,252$29,688$29,142$28,613$28,099$26,057
3 years$19,967$19,402$18,857$18,333$17,827$15,855
4 years$14,826$14,262$13,723$13,208$12,715$10,827
5 years$11,743$11,182$10,650$10,145$9,665$7,868
6 years$9,687$9,131$8,607$8,113$7,648$5,942
7 years$8,220$7,668$7,152$6,670$6,220$4,605
8 years$7,120$6,573$6,066$5,595$5,160$3,635
9 years$6,265$5,723$5,224$4,766$4,345$2,909
10 years$5,581$5,044$4,555$4,108$3,703$2,351
11 years$5,022$4,491$4,010$3,575$3,184$1,916
12 years$4,556$4,031$3,559$3,136$2,759$1,571
13 years$4,163$3,643$3,179$2,769$2,406$1,294
14 years$3,826$3,311$2,857$2,458$2,109$1,071
15 years$3,534$3,025$2,579$2,192$1,857$889
16 years$3,278$2,775$2,338$1,963$1,641$740
17 years$3,054$2,556$2,128$1,763$1,455$617
18 years$2,854$2,362$1,942$1,589$1,294$515
19 years$2,675$2,189$1,778$1,436$1,153$431
20 years$2,515$2,034$1,632$1,301$1,030$361
21 years$2,370$1,894$1,501$1,180$922$303
22 years$2,238$1,768$1,383$1,073$826$254
23 years$2,119$1,654$1,277$977$742$214
24 years$2,009$1,550$1,181$891$667$180
25 years$1,908$1,454$1,094$814$600$151
26 years$1,815$1,367$1,015$744$540$127
27 years$1,729$1,286$942$681$487$107
28 years$1,649$1,212$876$624$440$90
29 years$1,575$1,143$815$572$397$76
30 years$1,506$1,080$759$525$359$64
31 years$1,442$1,021$708$483$324$54
32 years$1,382$966$661$443$293$45
33 years$1,325$915$617$408$266$38
34 years$1,272$867$576$375$240$32
35 years$1,222$822$539$345$218$27
36 years$1,175$780$504$318$197$23
37 years$1,131$741$472$293$179$19
38 years$1,089$704$442$270$162$16
39 years$1,049$670$414$249$147$14
40 years$1,012$637$388$230$133$12
41 years$976$607$364$212$121$10
42 years$942$578$341$196$110$8
43 years$910$551$320$181$100$7
44 years$879$525$301$167$90$6
45 years$850$500$282$154$82$5
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 $2,907 every year, while hoping to spend $32,481 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: 74/5/21 Blend
48$740,000$740,000$740,000$740,000
49$818,479$779,259$767,789$874,707
50$867,404$782,883$758,950$916,068
51$920,231$785,596$748,727$957,163
52$977,323$787,319$737,038$1,001,370
53$1,039,081$787,968$723,799$1,048,991
54$1,105,943$787,454$708,922$1,100,362
55$1,178,393$785,683$692,315$1,155,850
56$1,256,961$782,554$673,880$1,215,864
57$1,342,232$777,960$653,515$1,280,851
58$1,434,848$771,788$631,117$1,351,308
59$1,535,516$763,919$606,572$1,427,779
60$1,645,012$754,225$579,766$1,510,867
61$1,764,193$742,572$550,578$1,601,237
62$1,893,999$728,816$518,881$1,699,621
63$2,035,466$712,807$484,542$1,806,826
64$2,189,733$694,384$447,424$1,923,744
65$2,358,055$673,378$407,382$2,051,357
66$2,541,812$649,610$364,265$2,190,750
67$2,742,525$622,888$317,915$2,343,118
68$2,961,866$593,013$268,169$2,509,779
69$3,201,677$559,771$214,853$2,692,187
70$3,463,986$522,938$157,789$2,891,945
71$3,751,027$482,276$96,789$3,110,821
72$4,065,257$437,534$31,657$3,350,765
73$4,409,386$388,445$0$3,613,926
74$4,786,394$334,729$0$3,911,157
75$5,199,565$276,090$0$4,244,711
76$5,652,516$212,214$0$4,610,421
77$6,149,229$142,769$0$5,011,517
78$6,694,092$67,407$0$5,451,557
79$7,291,937$0$0$5,934,462
80$7,948,087$0$0$6,465,336
81$8,668,403$0$0$7,052,231
82$9,459,344$0$0$7,696,702
83$10,328,024$0$0$8,404,551
84$11,282,280$0$0$9,182,169
85$12,330,746$0$0$10,036,595
86$13,482,931$0$0$10,975,585
87$14,749,315$0$0$12,007,682
88$16,141,440$0$0$13,142,299
89$17,672,025$0$0$14,389,807
90$19,355,080$0$0$15,761,632
91$21,206,042$0$0$17,270,360
92$23,241,920$0$0$18,929,862
93$25,481,453$0$0$20,755,417
94$27,945,288$0$0$22,763,862
95$30,656,172$0$0$24,973,748
96$33,639,171$0$0$27,405,513
97$36,921,902$0$0$30,081,678
98$40,534,796$0$0$33,027,058
99$44,511,380$0$0$36,268,992
100$48,888,600$0$0$39,837,610