Can I retire at age 49 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$45,418$45,014$44,619$44,234$43,858$42,234
2 years$22,484$22,066$21,660$21,266$20,885$19,268
3 years$14,841$14,420$14,015$13,626$13,250$11,690
4 years$11,020$10,600$10,200$9,816$9,450$7,959
5 years$8,728$8,311$7,915$7,540$7,184$5,765
6 years$7,200$6,786$6,397$6,030$5,684$4,340
7 years$6,109$5,699$5,316$4,957$4,623$3,352
8 years$5,292$4,885$4,508$4,159$3,835$2,636
9 years$4,656$4,254$3,883$3,542$3,230$2,102
10 years$4,148$3,749$3,385$3,053$2,752$1,693
11 years$3,732$3,338$2,980$2,657$2,367$1,374
12 years$3,386$2,996$2,645$2,331$2,051$1,122
13 years$3,094$2,707$2,363$2,058$1,788$921
14 years$2,843$2,461$2,123$1,827$1,568$758
15 years$2,626$2,248$1,917$1,629$1,380$627
16 years$2,437$2,063$1,738$1,459$1,220$519
17 years$2,270$1,900$1,582$1,311$1,082$431
18 years$2,121$1,755$1,444$1,181$962$359
19 years$1,989$1,627$1,322$1,067$857$299
20 years$1,869$1,512$1,213$967$766$249
21 years$1,762$1,408$1,116$877$685$208
22 years$1,664$1,314$1,028$798$614$174
23 years$1,575$1,229$949$726$551$145
24 years$1,493$1,152$878$663$496$122
25 years$1,418$1,081$813$605$446$102
26 years$1,349$1,016$754$553$402$85
27 years$1,285$956$700$506$362$71
28 years$1,226$901$651$464$327$60
29 years$1,171$850$606$425$295$50
30 years$1,120$803$564$390$267$42
31 years$1,072$759$526$359$241$35
32 years$1,027$718$491$330$218$29
33 years$985$680$458$303$197$25
34 years$946$644$428$279$179$21
35 years$908$611$400$257$162$17
36 years$874$580$375$236$147$15
37 years$841$551$351$218$133$12
38 years$809$524$328$201$120$10
39 years$780$498$308$185$109$9
40 years$752$474$288$171$99$7
41 years$725$451$270$158$90$6
42 years$700$429$254$145$82$5
43 years$676$409$238$134$74$4
44 years$653$390$223$124$67$4
45 years$632$372$210$114$61$3
46 years$611$355$197$106$55$3
47 years$591$339$185$98$50$2
48 years$572$323$174$90$46$2
49 years$554$309$163$83$41$1
50 years$537$295$154$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $550,000, adding $5,446 every year, while hoping to spend $32,448 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: 70/16/14 Blend
48$550,000$550,000$550,000$550,000
49$611,718$582,568$574,043$652,244
50$639,588$576,589$558,749$673,896
51$669,214$569,230$541,855$693,161
52$700,741$560,388$523,273$713,402
53$734,325$549,957$502,912$734,710
54$770,142$537,820$480,675$757,185
55$808,381$523,858$456,462$780,939
56$849,250$507,941$430,168$806,096
57$892,978$489,935$401,683$832,794
58$939,816$469,695$370,893$861,186
59$990,036$447,070$337,678$891,439
60$1,043,942$421,898$301,912$923,743
61$1,101,863$394,010$263,465$958,304
62$1,164,162$363,226$222,200$995,353
63$1,231,238$329,355$177,975$1,035,144
64$1,303,529$292,198$130,641$1,077,960
65$1,381,514$251,540$80,043$1,124,114
66$1,465,721$207,159$26,018$1,173,951
67$1,556,732$158,817$0$1,227,855
68$1,655,183$106,264$0$1,290,978
69$1,761,776$49,235$0$1,363,516
70$1,877,280$0$0$1,442,127
71$2,002,544$0$0$1,529,625
72$2,138,499$0$0$1,634,024
73$2,286,170$0$0$1,747,445
74$2,446,684$0$0$1,870,759
75$2,621,281$0$0$2,004,919
76$2,811,326$0$0$2,150,980
77$3,018,319$0$0$2,310,098
78$3,243,913$0$0$2,483,547
79$3,489,926$0$0$2,672,729
80$3,758,359$0$0$2,879,187
81$4,051,415$0$0$3,104,620
82$4,371,518$0$0$3,350,897
83$4,721,338$0$0$3,620,077
84$5,103,813$0$0$3,914,427
85$5,522,178$0$0$4,236,440
86$5,979,997$0$0$4,588,866
87$6,481,192$0$0$4,974,728
88$7,030,083$0$0$5,397,359
89$7,631,427$0$0$5,860,428
90$8,290,462$0$0$6,367,975
91$9,012,959$0$0$6,924,449
92$9,805,272$0$0$7,534,753
93$10,674,400$0$0$8,204,284
94$11,628,053$0$0$8,938,988
95$12,674,721$0$0$9,745,414
96$13,823,758$0$0$10,630,778
97$15,085,468$0$0$11,603,026
98$16,471,200$0$0$12,670,912
99$17,993,459$0$0$13,844,080
100$19,666,016$0$0$15,133,155