Can I retire at age 49 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$49,547$49,106$48,676$48,255$47,845$46,556
2 years$24,528$24,072$23,629$23,200$22,783$21,494
3 years$16,190$15,731$15,289$14,864$14,455$13,205
4 years$12,021$11,564$11,127$10,709$10,309$9,109
5 years$9,521$9,066$8,635$8,225$7,837$6,690
6 years$7,855$7,403$6,978$6,578$6,201$5,108
7 years$6,665$6,217$5,799$5,408$5,043$4,004
8 years$5,773$5,329$4,918$4,537$4,184$3,198
9 years$5,079$4,640$4,236$3,864$3,523$2,590
10 years$4,525$4,090$3,693$3,331$3,002$2,120
11 years$4,072$3,641$3,251$2,899$2,582$1,750
12 years$3,694$3,268$2,885$2,543$2,237$1,454
13 years$3,375$2,953$2,578$2,245$1,951$1,214
14 years$3,102$2,685$2,316$1,993$1,710$1,019
15 years$2,865$2,452$2,091$1,777$1,506$858
16 years$2,658$2,250$1,896$1,591$1,331$724
17 years$2,476$2,072$1,725$1,430$1,180$613
18 years$2,314$1,915$1,575$1,289$1,049$520
19 years$2,169$1,775$1,442$1,164$935$442
20 years$2,039$1,649$1,323$1,054$835$376
21 years$1,922$1,536$1,217$957$748$320
22 years$1,815$1,434$1,122$870$670$273
23 years$1,718$1,341$1,036$792$601$233
24 years$1,629$1,256$958$723$541$199
25 years$1,547$1,179$887$660$486$170
26 years$1,472$1,108$823$604$438$145
27 years$1,402$1,043$764$552$395$124
28 years$1,337$983$710$506$356$106
29 years$1,277$927$661$464$322$91
30 years$1,221$876$616$426$291$78
31 years$1,169$828$574$391$263$67
32 years$1,120$783$536$360$238$57
33 years$1,075$742$500$331$215$49
34 years$1,032$703$467$304$195$42
35 years$991$667$437$280$177$36
36 years$953$633$409$258$160$31
37 years$917$601$382$238$145$26
38 years$883$571$358$219$131$23
39 years$851$543$336$202$119$19
40 years$820$517$315$186$108$17
41 years$791$492$295$172$98$14
42 years$764$468$277$159$89$12
43 years$738$446$260$146$81$10
44 years$713$425$244$135$73$9
45 years$689$406$229$125$67$8
46 years$667$387$215$115$60$7
47 years$645$369$202$107$55$6
48 years$624$353$190$98$50$5
49 years$605$337$178$91$45$4
50 years$586$322$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $600,000, adding $5,228 every year, while hoping to spend $34,989 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: 65/5/30 Blend
48$600,000$600,000$600,000$600,000
49$666,593$634,793$625,493$704,284
50$697,357$628,669$609,219$724,312
51$730,087$621,074$591,227$741,872
52$764,945$611,896$571,423$760,315
53$802,112$601,021$549,707$779,732
54$841,782$588,326$525,977$800,226
55$884,171$573,681$500,125$821,911
56$929,515$556,949$472,037$844,912
57$978,070$537,985$441,596$869,371
58$1,030,122$516,635$408,678$895,444
59$1,085,980$492,736$373,154$923,306
60$1,145,985$466,115$334,890$953,150
61$1,210,512$436,591$293,745$985,191
62$1,279,971$403,970$249,572$1,019,667
63$1,354,813$368,050$202,218$1,056,845
64$1,435,534$328,615$151,522$1,097,017
65$1,522,679$285,437$97,318$1,140,511
66$1,616,845$238,276$39,431$1,187,687
67$1,718,689$186,878$0$1,238,948
68$1,828,935$130,975$0$1,301,891
69$1,948,377$70,283$0$1,383,790
70$2,077,888$4,503$0$1,472,619
71$2,218,428$0$0$1,569,050
72$2,371,054$0$0$1,677,491
73$2,536,928$0$0$1,795,648
74$2,717,328$0$0$1,924,190
75$2,913,660$0$0$2,064,122
76$3,127,472$0$0$2,216,553
77$3,360,466$0$0$2,382,702
78$3,614,517$0$0$2,563,909
79$3,891,685$0$0$2,761,652
80$4,194,243$0$0$2,977,556
81$4,524,687$0$0$3,213,410
82$4,885,770$0$0$3,471,184
83$5,280,520$0$0$3,753,046
84$5,712,271$0$0$4,061,383
85$6,184,695$0$0$4,398,825
86$6,701,833$0$0$4,768,266
87$7,268,138$0$0$5,172,894
88$7,888,511$0$0$5,616,220
89$8,568,352$0$0$6,102,109
90$9,313,606$0$0$6,634,819
91$10,130,821$0$0$7,219,040
92$11,027,210$0$0$7,859,937
93$12,010,717$0$0$8,563,198
94$13,090,091$0$0$9,335,092
95$14,274,971$0$0$10,182,519
96$15,575,974$0$0$11,113,084
97$17,004,796$0$0$12,135,164
98$18,574,319$0$0$13,257,984
99$20,298,738$0$0$14,491,711
100$22,193,687$0$0$15,847,543