Can I retire at age 49 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$39,638$39,285$38,940$38,604$38,276$37,411
2 years$19,623$19,257$18,903$18,560$18,227$17,360
3 years$12,952$12,585$12,232$11,891$11,564$10,723
4 years$9,617$9,251$8,901$8,567$8,247$7,438
5 years$7,617$7,253$6,908$6,580$6,269$5,494
6 years$6,284$5,923$5,583$5,262$4,961$4,220
7 years$5,332$4,974$4,639$4,326$4,034$3,329
8 years$4,618$4,264$3,934$3,629$3,347$2,676
9 years$4,064$3,712$3,389$3,091$2,819$2,182
10 years$3,620$3,272$2,954$2,665$2,402$1,798
11 years$3,257$2,913$2,601$2,319$2,065$1,495
12 years$2,955$2,614$2,308$2,034$1,790$1,251
13 years$2,700$2,363$2,062$1,796$1,561$1,052
14 years$2,481$2,148$1,853$1,594$1,368$890
15 years$2,292$1,962$1,673$1,422$1,205$755
16 years$2,127$1,800$1,517$1,273$1,065$642
17 years$1,981$1,658$1,380$1,144$944$548
18 years$1,851$1,532$1,260$1,031$839$468
19 years$1,735$1,420$1,153$931$748$401
20 years$1,631$1,319$1,059$844$668$344
21 years$1,537$1,229$974$766$598$296
22 years$1,452$1,147$897$696$536$254
23 years$1,374$1,073$829$634$481$219
24 years$1,303$1,005$766$578$433$188
25 years$1,238$943$710$528$389$162
26 years$1,177$887$658$483$351$140
27 years$1,121$834$611$442$316$121
28 years$1,070$786$568$405$285$104
29 years$1,022$742$529$371$258$90
30 years$977$700$493$341$233$78
31 years$935$662$459$313$210$67
32 years$896$627$428$288$190$58
33 years$860$593$400$265$172$50
34 years$825$562$374$243$156$44
35 years$793$533$349$224$141$38
36 years$762$506$327$206$128$33
37 years$734$481$306$190$116$28
38 years$706$457$287$175$105$24
39 years$681$435$268$162$95$21
40 years$656$413$252$149$86$18
41 years$633$394$236$137$78$16
42 years$611$375$221$127$71$14
43 years$590$357$208$117$65$12
44 years$570$340$195$108$59$10
45 years$551$325$183$100$53$9
46 years$533$310$172$92$48$8
47 years$516$295$162$85$44$7
48 years$500$282$152$79$40$6
49 years$484$269$143$73$36$5
50 years$469$257$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $480,000, adding $6,599 every year, while hoping to spend $42,809 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: 75/6/19 Blend
48$480,000$480,000$480,000$480,000
49$535,767$510,327$502,887$573,097
50$544,867$489,784$474,185$578,181
51$553,460$466,801$443,087$577,853
52$561,450$441,211$409,467$576,371
53$568,728$412,840$373,195$573,609
54$575,173$381,505$334,132$569,429
55$580,652$347,010$292,137$563,679
56$585,015$309,149$247,059$556,194
57$588,094$267,705$198,743$546,791
58$589,704$222,448$147,026$535,271
59$589,640$173,134$91,738$521,415
60$587,673$119,507$32,700$504,984
61$583,548$61,295$0$485,714
62$576,985$0$0$469,459
63$567,671$0$0$457,353
64$555,259$0$0$446,722
65$539,366$0$0$433,202
66$519,568$0$0$416,443
67$495,393$0$0$396,054
68$466,322$0$0$371,605
69$431,779$0$0$342,619
70$391,125$0$0$308,570
71$343,657$0$0$268,875
72$288,595$0$0$222,889
73$225,078$0$0$169,899
74$152,154$0$0$109,120
75$68,772$0$0$39,681
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0