Can I retire at age 49 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$51,612$51,152$50,704$50,266$49,838$48,653
2 years$25,550$25,075$24,613$24,166$23,733$22,546
3 years$16,864$16,387$15,927$15,484$15,057$13,905
4 years$12,522$12,046$11,590$11,155$10,739$9,631
5 years$9,918$9,444$8,995$8,568$8,163$7,103
6 years$8,182$7,712$7,269$6,852$6,459$5,447
7 years$6,942$6,476$6,041$5,633$5,253$4,289
8 years$6,013$5,551$5,123$4,726$4,358$3,442
9 years$5,291$4,834$4,412$4,025$3,670$2,801
10 years$4,714$4,261$3,847$3,470$3,127$2,304
11 years$4,241$3,793$3,387$3,020$2,689$1,912
12 years$3,848$3,404$3,006$2,649$2,331$1,597
13 years$3,516$3,076$2,685$2,338$2,032$1,341
14 years$3,231$2,796$2,413$2,076$1,782$1,131
15 years$2,984$2,555$2,178$1,851$1,569$957
16 years$2,769$2,344$1,975$1,658$1,386$813
17 years$2,579$2,159$1,797$1,489$1,229$692
18 years$2,410$1,995$1,641$1,342$1,093$590
19 years$2,260$1,849$1,502$1,213$974$505
20 years$2,124$1,718$1,378$1,098$870$432
21 years$2,002$1,600$1,268$997$779$370
22 years$1,891$1,494$1,168$906$698$318
23 years$1,789$1,397$1,079$825$627$273
24 years$1,697$1,309$998$753$563$234
25 years$1,611$1,228$924$688$507$202
26 years$1,533$1,154$857$629$456$173
27 years$1,460$1,086$796$575$412$149
28 years$1,393$1,024$740$527$371$129
29 years$1,330$966$689$483$335$111
30 years$1,272$912$641$444$303$95
31 years$1,218$862$598$408$274$82
32 years$1,167$816$558$375$248$71
33 years$1,119$773$521$344$224$61
34 years$1,074$732$487$317$203$53
35 years$1,032$695$455$292$184$46
36 years$993$659$426$269$167$39
37 years$955$626$398$248$151$34
38 years$920$595$373$228$137$29
39 years$886$566$350$210$124$25
40 years$854$538$328$194$113$22
41 years$824$512$307$179$102$19
42 years$796$488$288$165$93$16
43 years$768$465$270$153$84$14
44 years$743$443$254$141$76$12
45 years$718$423$238$130$69$10
46 years$694$403$224$120$63$9
47 years$672$385$210$111$57$8
48 years$650$367$198$103$52$7
49 years$630$351$186$95$47$6
50 years$610$335$175$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $625,000, adding $6,635 every year, while hoping to spend $39,673 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: 52/18/30 Blend
48$625,000$625,000$625,000$625,000
49$695,594$662,469$652,782$725,593
50$724,333$652,718$632,438$737,441
51$754,673$641,160$610,083$745,809
52$786,737$627,664$585,608$754,145
53$820,656$612,092$558,898$762,462
54$856,576$594,297$529,834$770,779
55$894,655$574,125$498,291$779,119
56$935,064$551,412$464,139$787,510
57$977,994$525,985$427,241$795,984
58$1,023,651$497,659$387,455$804,582
59$1,072,261$466,242$344,631$813,350
60$1,124,070$431,527$298,616$822,343
61$1,179,352$393,298$249,246$831,626
62$1,238,402$351,325$196,351$841,274
63$1,301,545$305,367$139,756$851,371
64$1,369,140$255,167$79,274$862,017
65$1,441,576$200,454$14,714$873,326
66$1,519,283$140,943$0$885,427
67$1,602,733$76,332$0$915,812
68$1,692,442$6,302$0$953,459
69$1,788,977$0$0$993,915
70$1,892,962$0$0$1,051,231
71$2,005,081$0$0$1,114,424
72$2,126,086$0$0$1,182,676
73$2,256,803$0$0$1,256,458
74$2,398,139$0$0$1,336,291
75$2,551,092$0$0$1,422,744
76$2,716,760$0$0$1,516,446
77$2,896,347$0$0$1,618,085
78$3,091,181$0$0$1,728,421
79$3,302,719$0$0$1,848,287
80$3,532,565$0$0$1,978,603
81$3,782,484$0$0$2,120,377
82$4,054,417$0$0$2,274,721
83$4,350,500$0$0$2,442,856
84$4,673,083$0$0$2,626,129
85$5,024,752$0$0$2,826,021
86$5,408,355$0$0$3,044,160
87$5,827,025$0$0$3,282,340
88$6,284,210$0$0$3,542,537
89$6,783,707$0$0$3,826,924
90$7,329,695$0$0$4,137,894
91$7,926,777$0$0$4,478,083
92$8,580,019$0$0$4,850,392
93$9,295,001$0$0$5,258,016
94$10,077,864$0$0$5,704,474
95$10,935,375$0$0$6,193,640
96$11,874,984$0$0$6,729,781
97$12,904,895$0$0$7,317,597
98$14,034,144$0$0$7,962,263
99$15,272,685$0$0$8,669,481
100$16,631,480$0$0$9,445,530