Can I retire at age 49 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$51,199$50,743$50,298$49,864$49,440$48,923
2 years$25,346$24,874$24,417$23,973$23,543$23,023
3 years$16,730$16,255$15,799$15,360$14,936$14,429
4 years$12,422$11,949$11,498$11,066$10,653$10,162
5 years$9,838$9,369$8,923$8,500$8,098$7,625
6 years$8,116$7,650$7,211$6,797$6,408$5,953
7 years$6,887$6,425$5,992$5,588$5,211$4,775
8 years$5,965$5,507$5,082$4,688$4,323$3,906
9 years$5,249$4,795$4,377$3,993$3,641$3,242
10 years$4,676$4,226$3,816$3,442$3,102$2,721
11 years$4,207$3,763$3,360$2,996$2,668$2,305
12 years$3,817$3,377$2,982$2,628$2,312$1,966
13 years$3,488$3,052$2,664$2,320$2,016$1,688
14 years$3,205$2,774$2,393$2,059$1,767$1,456
15 years$2,961$2,534$2,161$1,836$1,556$1,260
16 years$2,747$2,325$1,959$1,644$1,375$1,095
17 years$2,558$2,141$1,783$1,477$1,219$955
18 years$2,391$1,979$1,627$1,331$1,084$834
19 years$2,242$1,834$1,490$1,203$966$730
20 years$2,107$1,704$1,367$1,090$863$641
21 years$1,986$1,587$1,258$989$772$563
22 years$1,875$1,482$1,159$899$692$495
23 years$1,775$1,386$1,070$819$622$436
24 years$1,683$1,298$990$747$559$385
25 years$1,598$1,218$917$682$503$340
26 years$1,521$1,145$850$624$453$300
27 years$1,449$1,078$790$571$408$265
28 years$1,382$1,016$734$523$368$235
29 years$1,320$958$683$480$333$208
30 years$1,262$905$636$440$301$184
31 years$1,208$855$593$404$272$163
32 years$1,158$809$553$372$246$144
33 years$1,110$766$517$342$222$128
34 years$1,066$726$483$314$201$114
35 years$1,024$689$451$289$182$101
36 years$985$654$422$267$165$89
37 years$948$621$395$246$150$79
38 years$912$590$370$226$136$70
39 years$879$561$347$209$123$63
40 years$848$534$325$192$112$55
41 years$818$508$305$178$101$49
42 years$789$484$286$164$92$44
43 years$762$461$268$151$83$39
44 years$737$440$252$140$76$35
45 years$712$419$236$129$69$31
46 years$689$400$222$119$62$27
47 years$667$382$209$110$57$24
48 years$645$364$196$102$51$22
49 years$625$348$184$94$47$19
50 years$605$332$173$87$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $620,000, adding $4,372 every year, while hoping to spend $33,684 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: 59/31/10 Blend
48$620,000$620,000$620,000$620,000
49$687,750$654,890$645,280$726,459
50$722,061$651,140$631,057$749,255
51$758,742$646,077$615,229$769,911
52$798,001$639,602$597,706$791,611
53$840,063$631,608$578,395$814,458
54$885,176$621,984$557,198$838,567
55$933,613$610,610$534,013$864,066
56$985,672$597,360$508,733$891,096
57$1,041,681$582,102$481,246$919,816
58$1,102,001$564,692$451,436$950,403
59$1,167,026$544,983$419,180$983,052
60$1,237,191$522,816$384,351$1,017,981
61$1,312,974$498,023$346,816$1,055,433
62$1,394,898$470,428$306,436$1,095,677
63$1,483,541$439,842$263,065$1,139,011
64$1,579,536$406,068$216,551$1,185,768
65$1,683,580$368,896$166,737$1,236,316
66$1,796,438$328,106$113,456$1,291,065
67$1,918,954$283,462$56,535$1,350,467
68$2,052,054$234,718$0$1,415,028
69$2,196,756$181,612$0$1,485,754
70$2,354,184$123,869$0$1,569,283
71$2,525,570$61,198$0$1,660,283
72$2,712,271$0$0$1,759,536
73$2,915,783$0$0$1,870,198
74$3,137,749$0$0$2,013,710
75$3,379,979$0$0$2,170,372
76$3,644,465$0$0$2,341,478
77$3,933,401$0$0$2,528,453
78$4,249,199$0$0$2,732,867
79$4,594,519$0$0$2,956,445
80$4,972,286$0$0$3,201,091
81$5,385,722$0$0$3,468,898
82$5,838,377$0$0$3,762,172
83$6,334,156$0$0$4,083,453
84$6,877,364$0$0$4,435,536
85$7,472,738$0$0$4,821,503
86$8,125,498$0$0$5,244,745
87$8,841,391$0$0$5,708,998
88$9,626,748$0$0$6,218,378
89$10,488,543$0$0$6,777,416
90$11,434,458$0$0$7,391,107
91$12,472,952$0$0$8,064,950
92$13,613,346$0$0$8,805,003
93$14,865,907$0$0$9,617,940
94$16,241,946$0$0$10,511,114
95$17,753,921$0$0$11,492,624
96$19,415,560$0$0$12,571,394
97$21,241,984$0$0$13,757,254
98$23,249,854$0$0$15,061,034
99$25,457,524$0$0$16,494,667
100$27,885,216$0$0$18,071,298