Can I retire at age 49 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$50,373$49,925$49,487$49,059$48,642$47,351
2 years$24,937$24,473$24,023$23,586$23,163$21,871
3 years$16,460$15,993$15,544$15,112$14,696$13,444
4 years$12,222$11,757$11,312$10,887$10,481$9,278
5 years$9,680$9,217$8,779$8,363$7,967$6,818
6 years$7,985$7,527$7,095$6,688$6,304$5,208
7 years$6,776$6,321$5,896$5,498$5,127$4,085
8 years$5,869$5,418$5,000$4,612$4,253$3,265
9 years$5,164$4,718$4,306$3,929$3,582$2,646
10 years$4,600$4,158$3,754$3,387$3,052$2,167
11 years$4,140$3,702$3,305$2,947$2,625$1,790
12 years$3,756$3,323$2,933$2,585$2,275$1,488
13 years$3,431$3,003$2,621$2,282$1,984$1,244
14 years$3,153$2,729$2,355$2,026$1,739$1,044
15 years$2,913$2,493$2,126$1,807$1,531$880
16 years$2,703$2,288$1,928$1,618$1,353$743
17 years$2,517$2,107$1,754$1,454$1,200$629
18 years$2,353$1,947$1,601$1,310$1,067$534
19 years$2,205$1,804$1,466$1,184$951$454
20 years$2,073$1,677$1,345$1,072$849$387
21 years$1,954$1,562$1,237$973$760$330
22 years$1,845$1,458$1,140$885$681$281
23 years$1,746$1,363$1,053$806$612$240
24 years$1,656$1,277$974$735$550$205
25 years$1,573$1,199$902$671$495$176
26 years$1,496$1,127$837$614$446$150
27 years$1,425$1,060$777$562$402$129
28 years$1,360$999$722$515$362$110
29 years$1,299$943$672$472$327$94
30 years$1,242$890$626$433$296$81
31 years$1,189$841$584$398$267$69
32 years$1,139$796$544$366$242$59
33 years$1,092$754$508$336$219$51
34 years$1,049$715$475$309$198$44
35 years$1,008$678$444$285$179$37
36 years$969$643$415$262$163$32
37 years$932$611$389$242$147$28
38 years$898$581$364$223$134$24
39 years$865$552$341$205$121$20
40 years$834$525$320$189$110$17
41 years$805$500$300$175$100$15
42 years$777$476$281$161$90$13
43 years$750$454$264$149$82$11
44 years$725$433$248$137$75$9
45 years$701$412$233$127$68$8
46 years$678$394$218$117$61$7
47 years$656$376$205$108$56$6
48 years$635$358$193$100$51$5
49 years$615$342$181$93$46$4
50 years$596$327$170$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $610,000, adding $2,059 every year, while hoping to spend $36,844 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: 50/25/25 Blend
48$610,000$610,000$610,000$610,000
49$674,344$642,014$632,559$703,217
50$703,925$634,271$614,548$715,792
51$735,289$624,913$594,699$725,579
52$768,578$613,824$572,911$735,475
53$803,949$600,877$549,079$745,506
54$841,572$585,941$523,094$755,702
55$881,635$568,874$494,840$766,101
56$924,342$549,530$464,198$776,746
57$969,919$527,750$431,041$787,686
58$1,018,609$503,368$395,240$798,981
59$1,070,684$476,210$356,657$810,696
60$1,126,437$446,088$315,149$822,909
61$1,186,194$412,806$270,566$835,708
62$1,250,309$376,157$222,753$849,195
63$1,319,172$335,920$171,547$863,484
64$1,393,211$291,863$116,777$878,707
65$1,472,895$243,742$58,267$895,012
66$1,558,741$191,296$0$912,568
67$1,651,315$134,252$0$932,679
68$1,751,240$72,321$0$971,105
69$1,859,199$5,197$0$1,012,584
70$1,975,943$0$0$1,057,445
71$2,102,300$0$0$1,124,607
72$2,239,176$0$0$1,198,962
73$2,387,571$0$0$1,279,631
74$2,548,581$0$0$1,367,216
75$2,723,416$0$0$1,462,383
76$2,913,402$0$0$1,565,861
77$3,120,001$0$0$1,678,456
78$3,344,821$0$0$1,801,050
79$3,589,629$0$0$1,934,618
80$3,856,372$0$0$2,080,231
81$4,147,191$0$0$2,239,066
82$4,464,445$0$0$2,412,423
83$4,810,727$0$0$2,601,729
84$5,188,894$0$0$2,808,556
85$5,602,089$0$0$3,034,635
86$6,053,773$0$0$3,281,871
87$6,547,758$0$0$3,552,363
88$7,088,239$0$0$3,848,422
89$7,679,837$0$0$4,172,590
90$8,327,638$0$0$4,527,670
91$9,037,245$0$0$4,916,747
92$9,814,829$0$0$5,343,218
93$10,667,182$0$0$5,810,825
94$11,601,791$0$0$6,323,690
95$12,626,895$0$0$6,886,352
96$13,751,575$0$0$7,503,812
97$14,985,829$0$0$8,181,577
98$16,340,672$0$0$8,925,714
99$17,828,237$0$0$9,742,905
100$19,461,889$0$0$10,640,513