Can I retire at age 49 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$62,760$62,201$61,656$61,123$60,603$58,593
2 years$31,069$30,491$29,930$29,386$28,859$26,853
3 years$20,507$19,926$19,367$18,828$18,309$16,371
4 years$15,227$14,648$14,094$13,565$13,058$11,202
5 years$12,060$11,484$10,937$10,419$9,927$8,158
6 years$9,949$9,378$8,839$8,332$7,855$6,174
7 years$8,442$7,875$7,345$6,850$6,388$4,796
8 years$7,312$6,751$6,229$5,746$5,299$3,795
9 years$6,434$5,878$5,365$4,895$4,463$3,044
10 years$5,732$5,181$4,678$4,219$3,803$2,467
11 years$5,157$4,612$4,118$3,672$3,270$2,015
12 years$4,679$4,140$3,655$3,221$2,834$1,657
13 years$4,275$3,741$3,265$2,844$2,471$1,369
14 years$3,929$3,400$2,934$2,524$2,166$1,136
15 years$3,629$3,106$2,649$2,251$1,907$945
16 years$3,367$2,850$2,402$2,016$1,686$789
17 years$3,136$2,625$2,185$1,811$1,495$660
18 years$2,931$2,425$1,995$1,632$1,329$553
19 years$2,748$2,248$1,826$1,475$1,185$464
20 years$2,583$2,089$1,676$1,336$1,058$390
21 years$2,434$1,946$1,542$1,212$947$328
22 years$2,299$1,816$1,421$1,102$849$276
23 years$2,176$1,699$1,312$1,004$762$233
24 years$2,063$1,592$1,213$916$685$196
25 years$1,959$1,494$1,124$836$616$166
26 years$1,864$1,404$1,042$764$555$140
27 years$1,776$1,321$968$700$500$118
28 years$1,694$1,245$900$641$452$100
29 years$1,618$1,174$837$588$408$84
30 years$1,547$1,109$780$540$368$71
31 years$1,481$1,048$727$496$333$60
32 years$1,419$992$678$455$301$51
33 years$1,361$939$633$419$273$43
34 years$1,307$890$592$385$247$36
35 years$1,255$845$553$355$224$31
36 years$1,207$802$518$327$203$26
37 years$1,161$761$484$301$184$22
38 years$1,118$724$454$277$166$19
39 years$1,078$688$425$256$151$16
40 years$1,039$655$398$236$137$13
41 years$1,002$623$374$218$124$11
42 years$968$593$350$201$113$10
43 years$934$565$329$185$102$8
44 years$903$539$309$171$93$7
45 years$873$514$290$158$84$6
46 years$844$490$272$146$77$5
47 years$817$468$256$135$70$4
48 years$791$447$240$125$63$3
49 years$766$427$226$115$57$3
50 years$742$407$212$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $760,000, adding $2,131 every year, while hoping to spend $30,359 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: 40/39/21 Blend
48$760,000$760,000$760,000$760,000
49$839,718$799,438$787,658$868,008
50$893,068$806,309$781,743$895,361
51$950,841$812,499$774,612$921,881
52$1,013,458$817,942$766,193$949,952
53$1,081,380$822,570$756,409$979,734
54$1,155,112$826,308$745,180$1,011,403
55$1,235,214$829,077$732,424$1,045,153
56$1,322,297$830,794$718,052$1,081,202
57$1,417,038$831,369$701,973$1,119,791
58$1,520,177$830,708$684,091$1,161,188
59$1,632,534$828,710$664,306$1,205,691
60$1,755,005$825,270$642,513$1,253,629
61$1,888,581$820,273$618,602$1,305,368
62$2,034,350$813,601$592,460$1,361,316
63$2,193,511$805,125$563,965$1,421,921
64$2,367,385$794,711$532,993$1,487,684
65$2,557,422$782,217$499,412$1,559,158
66$2,765,223$767,489$463,087$1,636,956
67$2,992,549$750,369$423,873$1,721,758
68$3,241,338$730,686$381,622$1,814,317
69$3,513,725$708,260$336,177$1,915,467
70$3,812,062$682,902$287,375$2,026,130
71$4,138,936$654,408$235,047$2,147,329
72$4,497,201$622,567$179,014$2,280,195
73$4,889,995$587,153$119,091$2,425,980
74$5,320,778$547,927$55,083$2,586,068
75$5,793,359$504,637$0$2,761,993
76$6,311,934$457,016$0$2,958,411
77$6,881,124$404,783$0$3,187,599
78$7,506,021$347,640$0$3,439,323
79$8,192,233$285,272$0$3,715,926
80$8,945,937$217,346$0$4,019,995
81$9,773,939$143,513$0$4,354,385
82$10,683,736$63,400$0$4,722,249
83$11,683,587$0$0$5,127,067
84$12,782,592$0$0$5,582,717
85$13,990,774$0$0$6,113,650
86$15,319,178$0$0$6,697,526
87$16,779,972$0$0$7,339,706
88$18,386,561$0$0$8,046,098
89$20,153,715$0$0$8,823,211
90$22,097,709$0$0$9,678,216
91$24,236,472$0$0$10,619,015
92$26,589,761$0$0$11,654,316
93$29,179,341$0$0$12,793,709
94$32,029,197$0$0$14,047,767
95$35,165,756$0$0$15,428,135
96$38,618,136$0$0$16,947,647
97$42,418,421$0$0$18,620,443
98$46,601,964$0$0$20,462,104
99$51,207,719$0$0$22,489,800
100$56,278,611$0$0$24,722,448