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%18.8%
1 years$61,109$60,564$60,033$59,515$59,009$56,915
2 years$30,252$29,688$29,142$28,613$28,099$26,012
3 years$19,967$19,402$18,857$18,333$17,827$15,813
4 years$14,826$14,262$13,723$13,208$12,715$10,787
5 years$11,743$11,182$10,650$10,145$9,665$7,831
6 years$9,687$9,131$8,607$8,113$7,648$5,908
7 years$8,220$7,668$7,152$6,670$6,220$4,573
8 years$7,120$6,573$6,066$5,595$5,160$3,606
9 years$6,265$5,723$5,224$4,766$4,345$2,881
10 years$5,581$5,044$4,555$4,108$3,703$2,326
11 years$5,022$4,491$4,010$3,575$3,184$1,893
12 years$4,556$4,031$3,559$3,136$2,759$1,550
13 years$4,163$3,643$3,179$2,769$2,406$1,275
14 years$3,826$3,311$2,857$2,458$2,109$1,054
15 years$3,534$3,025$2,579$2,192$1,857$873
16 years$3,278$2,775$2,338$1,963$1,641$726
17 years$3,054$2,556$2,128$1,763$1,455$604
18 years$2,854$2,362$1,942$1,589$1,294$504
19 years$2,675$2,189$1,778$1,436$1,153$421
20 years$2,515$2,034$1,632$1,301$1,030$352
21 years$2,370$1,894$1,501$1,180$922$295
22 years$2,238$1,768$1,383$1,073$826$247
23 years$2,119$1,654$1,277$977$742$207
24 years$2,009$1,550$1,181$891$667$174
25 years$1,908$1,454$1,094$814$600$146
26 years$1,815$1,367$1,015$744$540$123
27 years$1,729$1,286$942$681$487$103
28 years$1,649$1,212$876$624$440$87
29 years$1,575$1,143$815$572$397$73
30 years$1,506$1,080$759$525$359$61
31 years$1,442$1,021$708$483$324$52
32 years$1,382$966$661$443$293$43
33 years$1,325$915$617$408$266$36
34 years$1,272$867$576$375$240$31
35 years$1,222$822$539$345$218$26
36 years$1,175$780$504$318$197$22
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$8
43 years$910$551$320$181$100$6
44 years$879$525$301$167$90$5
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 $6,717 every year, while hoping to spend $51,078 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: 41/40/19 Blend
48$740,000$740,000$740,000$740,000
49$822,409$783,189$771,719$851,275
50$851,948$767,218$743,225$856,479
51$882,788$748,753$712,064$856,663
52$915,008$727,618$678,094$855,801
53$948,693$703,625$641,164$853,825
54$983,935$676,578$601,119$850,663
55$1,020,833$646,268$557,793$846,240
56$1,059,497$612,473$511,018$840,479
57$1,100,042$574,961$460,613$833,300
58$1,142,595$533,483$406,393$824,619
59$1,187,295$487,779$348,162$814,352
60$1,234,291$437,572$285,717$802,411
61$1,283,746$382,571$218,847$788,704
62$1,335,838$322,467$147,328$773,140
63$1,390,760$256,933$70,929$755,623
64$1,448,721$185,627$0$736,057
65$1,509,952$108,184$0$716,493
66$1,574,702$24,220$0$710,167
67$1,643,245$0$0$702,637
68$1,715,879$0$0$723,204
69$1,792,930$0$0$756,377
70$1,874,754$0$0$791,655
71$1,961,741$0$0$829,213
72$2,054,317$0$0$869,240
73$2,152,949$0$0$911,948
74$2,258,147$0$0$957,563
75$2,370,473$0$0$1,006,339
76$2,490,538$0$0$1,058,549
77$2,619,016$0$0$1,114,496
78$2,756,643$0$0$1,174,510
79$2,904,229$0$0$1,238,956
80$3,062,660$0$0$1,308,232
81$3,232,911$0$0$1,382,775
82$3,416,049$0$0$1,463,066
83$3,613,250$0$0$1,549,634
84$3,825,801$0$0$1,643,057
85$4,055,118$0$0$1,743,973
86$4,302,756$0$0$1,853,083
87$4,570,426$0$0$1,971,155
88$4,860,004$0$0$2,099,036
89$5,173,556$0$0$2,237,655
90$5,513,352$0$0$2,388,036
91$5,881,889$0$0$2,551,304
92$6,281,911$0$0$2,728,695
93$6,716,437$0$0$2,921,570
94$7,188,788$0$0$3,131,427
95$7,702,619$0$0$3,359,912
96$8,261,948$0$0$3,608,840
97$8,871,199$0$0$3,880,203
98$9,535,240$0$0$4,176,199
99$10,259,427$0$0$4,499,242
100$11,049,656$0$0$4,851,994