Can I retire at age 49 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$44,593$44,195$43,808$43,430$43,060$42,347
2 years$22,076$21,664$21,266$20,880$20,505$19,788
3 years$14,571$14,158$13,761$13,378$13,009$12,312
4 years$10,819$10,408$10,014$9,638$9,278$8,605
5 years$8,569$8,160$7,771$7,403$7,053$6,406
6 years$7,069$6,663$6,280$5,920$5,581$4,961
7 years$5,998$5,596$5,219$4,867$4,539$3,946
8 years$5,195$4,796$4,426$4,083$3,765$3,200
9 years$4,571$4,176$3,812$3,478$3,171$2,633
10 years$4,072$3,681$3,324$2,998$2,702$2,190
11 years$3,665$3,277$2,926$2,609$2,324$1,838
12 years$3,325$2,941$2,597$2,289$2,014$1,553
13 years$3,038$2,658$2,320$2,020$1,756$1,320
14 years$2,792$2,416$2,085$1,794$1,539$1,127
15 years$2,579$2,207$1,882$1,599$1,355$966
16 years$2,392$2,025$1,706$1,432$1,198$831
17 years$2,228$1,865$1,553$1,287$1,062$716
18 years$2,083$1,723$1,417$1,160$944$619
19 years$1,952$1,597$1,298$1,048$842$536
20 years$1,835$1,484$1,191$949$752$465
21 years$1,730$1,382$1,095$861$673$404
22 years$1,633$1,290$1,010$783$603$352
23 years$1,546$1,207$932$713$541$306
24 years$1,466$1,131$862$650$487$267
25 years$1,392$1,061$798$594$438$233
26 years$1,324$997$741$543$394$203
27 years$1,262$939$688$497$356$178
28 years$1,204$884$639$456$321$155
29 years$1,150$834$595$418$290$136
30 years$1,099$788$554$383$262$119
31 years$1,052$745$517$352$237$104
32 years$1,008$705$482$324$214$91
33 years$967$668$450$298$194$80
34 years$928$633$420$274$175$70
35 years$892$600$393$252$159$61
36 years$858$570$368$232$144$53
37 years$825$541$344$214$130$47
38 years$795$514$322$197$118$41
39 years$766$489$302$182$107$36
40 years$738$465$283$168$97$32
41 years$712$443$265$155$88$28
42 years$687$422$249$143$80$24
43 years$664$402$234$132$73$21
44 years$642$383$219$122$66$19
45 years$620$365$206$112$60$16
46 years$600$348$193$104$54$14
47 years$581$332$182$96$49$13
48 years$562$317$171$89$45$11
49 years$544$303$160$82$41$10
50 years$527$289$151$76$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $540,000, adding $3,042 every year, while hoping to spend $42,594 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: 30/49/21 Blend
48$540,000$540,000$540,000$540,000
49$598,218$569,598$561,228$612,162
50$613,916$552,188$534,709$605,635
51$629,789$532,498$505,875$594,592
52$645,807$510,371$474,602$581,817
53$661,941$485,640$440,762$567,189
54$678,153$458,131$404,222$550,575
55$694,403$427,658$364,842$531,836
56$710,644$394,025$322,476$510,825
57$726,821$357,024$276,970$487,384
58$742,875$316,436$228,167$461,347
59$758,737$272,030$175,899$432,534
60$774,329$223,561$119,993$400,758
61$789,566$170,770$60,268$365,818
62$804,348$113,384$0$327,499
63$818,567$51,116$0$286,353
64$832,100$0$0$255,822
65$844,809$0$0$230,987
66$856,542$0$0$233,344
67$867,126$0$0$235,274
68$876,372$0$0$236,711
69$884,065$0$0$237,585
70$889,970$0$0$237,814
71$893,823$0$0$237,311
72$895,331$0$0$235,976
73$894,168$0$0$233,701
74$889,973$0$0$230,364
75$882,345$0$0$225,831
76$870,839$0$0$219,952
77$854,963$0$0$212,563
78$834,169$0$0$203,481
79$807,851$0$0$192,503
80$775,341$0$0$179,406
81$735,894$0$0$163,942
82$688,690$0$0$145,837
83$632,820$0$0$124,788
84$567,279$0$0$100,461
85$490,954$0$0$72,485
86$402,618$0$0$40,451
87$300,911$0$0$3,908
88$184,333$0$0$0
89$51,225$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