Can I retire at age 49 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$41,290$40,922$40,563$40,213$39,871$38,672
2 years$20,440$20,060$19,691$19,333$18,986$17,788
3 years$13,492$13,109$12,741$12,387$12,046$10,887
4 years$10,018$9,637$9,272$8,924$8,591$7,480
5 years$7,934$7,555$7,196$6,855$6,531$5,470
6 years$6,545$6,169$5,815$5,482$5,168$4,158
7 years$5,554$5,181$4,832$4,507$4,203$3,245
8 years$4,811$4,441$4,098$3,781$3,486$2,579
9 years$4,233$3,867$3,530$3,220$2,936$2,079
10 years$3,771$3,408$3,077$2,776$2,502$1,693
11 years$3,393$3,034$2,709$2,416$2,152$1,391
12 years$3,079$2,723$2,404$2,119$1,864$1,149
13 years$2,813$2,461$2,148$1,871$1,626$955
14 years$2,585$2,237$1,930$1,661$1,425$796
15 years$2,388$2,044$1,743$1,481$1,255$667
16 years$2,215$1,875$1,580$1,326$1,109$560
17 years$2,063$1,727$1,438$1,191$983$471
18 years$1,928$1,596$1,312$1,074$874$397
19 years$1,808$1,479$1,202$970$779$335
20 years$1,699$1,374$1,103$879$696$283
21 years$1,601$1,280$1,014$798$623$240
22 years$1,512$1,195$935$725$558$203
23 years$1,431$1,118$863$660$501$172
24 years$1,357$1,047$798$602$451$146
25 years$1,289$983$739$550$405$124
26 years$1,226$923$686$503$365$106
27 years$1,168$869$637$460$329$90
28 years$1,114$819$592$422$297$76
29 years$1,064$773$551$387$268$65
30 years$1,018$730$513$355$242$55
31 years$974$690$478$326$219$47
32 years$934$653$446$300$198$40
33 years$895$618$417$276$179$34
34 years$860$586$389$254$162$29
35 years$826$556$364$233$147$25
36 years$794$527$341$215$133$21
37 years$764$501$319$198$121$18
38 years$736$476$298$183$110$15
39 years$709$453$280$168$99$13
40 years$684$431$262$155$90$11
41 years$659$410$246$143$82$9
42 years$637$390$231$132$74$8
43 years$615$372$216$122$67$7
44 years$594$355$203$113$61$6
45 years$574$338$191$104$55$5
46 years$555$323$179$96$50$4
47 years$538$308$168$89$46$4
48 years$520$294$158$82$42$3
49 years$504$281$149$76$38$3
50 years$488$268$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $500,000, adding $2,681 every year, while hoping to spend $20,747 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: 43/38/19 Blend
48$500,000$500,000$500,000$500,000
49$553,765$527,265$519,515$574,410
50$588,175$531,027$514,845$593,008
51$625,399$534,277$509,322$610,906
52$665,702$536,969$502,897$629,865
53$709,377$539,054$495,517$649,993
54$756,743$540,477$487,126$671,410
55$808,153$541,183$477,668$694,250
56$863,995$541,112$467,080$718,660
57$924,696$540,199$455,300$744,804
58$990,724$538,378$442,262$772,865
59$1,062,596$535,576$427,896$803,046
60$1,140,879$531,718$412,129$835,570
61$1,226,199$526,723$394,885$870,688
62$1,319,244$520,505$376,086$908,676
63$1,420,770$512,973$355,649$949,839
64$1,531,612$504,032$333,486$994,518
65$1,652,685$493,578$309,507$1,043,088
66$1,785,001$481,506$283,618$1,095,968
67$1,929,672$467,700$255,719$1,153,618
68$2,087,920$452,039$225,708$1,216,551
69$2,261,095$434,396$193,476$1,285,333
70$2,450,680$414,635$158,910$1,360,591
71$2,658,309$392,612$121,894$1,443,020
72$2,885,784$368,177$82,304$1,533,388
73$3,135,084$341,168$40,012$1,632,546
74$3,408,395$311,417$0$1,741,434
75$3,708,119$278,745$0$1,862,130
76$4,036,906$242,961$0$2,003,473
77$4,397,671$203,867$0$2,158,643
78$4,793,628$161,251$0$2,329,078
79$5,228,315$114,890$0$2,516,367
80$5,705,631$64,548$0$2,722,263
81$6,229,870$9,975$0$2,948,700
82$6,805,763$0$0$3,197,817
83$7,438,522$0$0$3,492,497
84$8,133,886$0$0$3,820,985
85$8,898,182$0$0$4,182,103
86$9,738,377$0$0$4,579,155
87$10,662,148$0$0$5,015,776
88$11,677,953$0$0$5,495,973
89$12,795,110$0$0$6,024,160
90$14,023,887$0$0$6,605,202
91$15,375,595$0$0$7,244,457
92$16,862,698$0$0$7,947,831
93$18,498,926$0$0$8,721,828
94$20,299,411$0$0$9,573,618
95$22,280,824$0$0$10,511,098
96$24,461,534$0$0$11,542,972
97$26,861,780$0$0$12,678,829
98$29,503,864$0$0$13,929,235
99$32,412,359$0$0$15,305,834
100$35,614,343$0$0$16,821,453