Can I retire at age 49 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$54,502$54,017$53,543$53,081$52,629$51,441
2 years$26,981$26,479$25,992$25,520$25,062$23,870
3 years$17,809$17,304$16,818$16,351$15,900$14,744
4 years$13,224$12,720$12,239$11,780$11,340$10,227
5 years$10,473$9,973$9,498$9,048$8,621$7,554
6 years$8,640$8,144$7,676$7,236$6,821$5,803
7 years$7,331$6,839$6,379$5,949$5,547$4,577
8 years$6,350$5,862$5,410$4,990$4,602$3,679
9 years$5,587$5,104$4,659$4,251$3,876$3,000
10 years$4,977$4,499$4,062$3,664$3,302$2,472
11 years$4,479$4,005$3,576$3,189$2,840$2,055
12 years$4,064$3,595$3,174$2,797$2,461$1,720
13 years$3,713$3,249$2,836$2,469$2,146$1,447
14 years$3,412$2,953$2,548$2,192$1,881$1,223
15 years$3,152$2,698$2,300$1,955$1,656$1,038
16 years$2,924$2,475$2,086$1,750$1,464$883
17 years$2,723$2,279$1,898$1,573$1,298$753
18 years$2,545$2,106$1,732$1,417$1,154$644
19 years$2,386$1,952$1,586$1,281$1,029$552
20 years$2,243$1,814$1,456$1,160$919$473
21 years$2,114$1,690$1,339$1,053$822$406
22 years$1,996$1,577$1,234$957$737$350
23 years$1,889$1,475$1,139$872$662$301
24 years$1,792$1,382$1,054$795$595$259
25 years$1,702$1,297$976$726$535$223
26 years$1,619$1,219$905$664$482$193
27 years$1,542$1,147$840$608$435$166
28 years$1,471$1,081$781$557$392$144
29 years$1,405$1,020$727$511$354$124
30 years$1,343$963$677$469$320$107
31 years$1,286$910$631$430$289$93
32 years$1,232$861$589$395$262$80
33 years$1,182$816$550$364$237$69
34 years$1,135$773$514$335$214$60
35 years$1,090$733$480$308$194$52
36 years$1,048$696$449$284$176$45
37 years$1,009$661$421$261$159$39
38 years$971$628$394$241$145$34
39 years$936$597$369$222$131$29
40 years$902$568$346$205$119$25
41 years$871$541$324$189$108$22
42 years$840$515$304$174$98$19
43 years$812$491$286$161$89$16
44 years$784$468$268$149$81$14
45 years$758$446$252$137$73$12
46 years$733$426$236$127$66$11
47 years$710$406$222$117$60$9
48 years$687$388$209$108$55$8
49 years$665$370$196$100$50$7
50 years$644$354$184$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $660,000, adding $6,586 every year, while hoping to spend $34,247 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: 25/46/29 Blend
48$660,000$660,000$660,000$660,000
49$734,113$699,133$688,903$745,690
50$772,554$696,952$675,543$753,721
51$813,769$693,517$660,588$759,002
52$858,003$688,729$643,947$763,959
53$905,527$682,485$625,528$768,589
54$956,640$674,675$605,231$772,892
55$1,011,666$665,184$582,956$776,870
56$1,070,965$653,887$558,594$780,531
57$1,134,930$640,653$532,033$783,887
58$1,203,993$625,346$503,156$786,955
59$1,278,630$607,817$471,841$789,758
60$1,359,362$587,911$437,960$792,328
61$1,446,763$565,466$401,378$794,702
62$1,541,465$540,306$361,956$796,930
63$1,644,162$512,248$319,549$799,069
64$1,755,615$481,097$274,002$801,192
65$1,876,665$446,647$225,159$803,381
66$2,008,234$408,683$172,851$805,737
67$2,151,338$366,972$116,905$808,376
68$2,307,094$321,273$57,141$811,435
69$2,476,731$271,329$0$815,073
70$2,661,602$216,868$0$821,525
71$2,863,195$157,605$0$847,950
72$3,083,149$93,236$0$876,955
73$3,323,268$23,442$0$908,880
74$3,585,537$0$0$944,109
75$3,872,141$0$0$1,009,452
76$4,185,486$0$0$1,093,972
77$4,528,221$0$0$1,186,534
78$4,903,264$0$0$1,287,937
79$5,313,825$0$0$1,399,064
80$5,763,443$0$0$1,520,890
81$6,256,011$0$0$1,654,484
82$6,795,819$0$0$1,801,026
83$7,387,590$0$0$1,961,816
84$8,036,529$0$0$2,138,284
85$8,748,364$0$0$2,332,007
86$9,529,408$0$0$2,544,723
87$10,386,612$0$0$2,778,343
88$11,327,636$0$0$3,034,975
89$12,360,914$0$0$3,316,941
90$13,495,739$0$0$3,626,797
91$14,742,347$0$0$3,967,363
92$16,112,016$0$0$4,341,741
93$17,617,168$0$0$4,753,351
94$19,271,491$0$0$5,205,961
95$21,090,061$0$0$5,703,722
96$23,089,492$0$0$6,251,208
97$25,288,083$0$0$6,853,456
98$27,706,001$0$0$7,516,020
99$30,365,460$0$0$8,245,016
100$33,290,937$0$0$9,047,184