Can I retire at age 49 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$55,328$54,835$54,354$53,885$53,427$52,305
2 years$27,390$26,880$26,386$25,906$25,441$24,317
3 years$18,079$17,566$17,073$16,598$16,141$15,048
4 years$13,424$12,913$12,425$11,958$11,512$10,460
5 years$10,632$10,124$9,642$9,185$8,751$7,742
6 years$8,771$8,267$7,792$7,345$6,924$5,960
7 years$7,442$6,943$6,476$6,039$5,631$4,712
8 years$6,446$5,951$5,492$5,066$4,672$3,796
9 years$5,672$5,182$4,730$4,315$3,934$3,103
10 years$5,053$4,567$4,124$3,720$3,352$2,564
11 years$4,547$4,066$3,630$3,237$2,883$2,136
12 years$4,125$3,649$3,222$2,839$2,498$1,792
13 years$3,769$3,298$2,879$2,507$2,179$1,512
14 years$3,464$2,998$2,586$2,225$1,910$1,282
15 years$3,199$2,739$2,335$1,985$1,682$1,090
16 years$2,968$2,513$2,117$1,777$1,486$930
17 years$2,765$2,314$1,927$1,597$1,318$796
18 years$2,584$2,138$1,759$1,439$1,172$683
19 years$2,422$1,982$1,610$1,300$1,044$586
20 years$2,277$1,841$1,478$1,178$933$505
21 years$2,146$1,715$1,359$1,069$835$435
22 years$2,027$1,601$1,253$972$748$375
23 years$1,918$1,497$1,157$885$672$324
24 years$1,819$1,403$1,070$807$604$280
25 years$1,727$1,317$991$737$543$242
26 years$1,643$1,237$919$674$489$209
27 years$1,565$1,165$853$617$441$181
28 years$1,493$1,097$793$565$398$157
29 years$1,426$1,035$738$518$359$136
30 years$1,364$978$688$476$325$118
31 years$1,306$924$641$437$294$102
32 years$1,251$875$598$401$266$89
33 years$1,200$828$558$369$240$77
34 years$1,152$785$522$340$218$67
35 years$1,107$745$488$313$197$58
36 years$1,064$707$456$288$179$50
37 years$1,024$671$427$265$162$44
38 years$986$638$400$245$147$38
39 years$950$607$375$226$133$33
40 years$916$577$351$208$121$29
41 years$884$549$329$192$110$25
42 years$853$523$309$177$99$22
43 years$824$498$290$163$90$19
44 years$796$475$272$151$82$16
45 years$770$453$255$139$74$14
46 years$744$432$240$129$67$12
47 years$720$412$225$119$61$11
48 years$697$394$212$110$56$9
49 years$675$376$199$102$51$8
50 years$654$359$187$94$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $670,000, adding $3,934 every year, while hoping to spend $21,300 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: 35/36/29 Blend
48$670,000$670,000$670,000$670,000
49$742,398$706,888$696,503$761,789
50$795,459$718,862$697,173$788,662
51$853,219$730,710$697,151$815,453
52$916,135$742,401$696,392$843,953
53$984,707$753,906$694,849$874,332
54$1,059,491$765,191$692,470$906,774
55$1,141,095$776,221$689,203$941,485
56$1,230,188$786,958$684,993$978,694
57$1,327,509$797,360$679,782$1,018,652
58$1,433,870$807,386$673,510$1,061,637
59$1,550,165$816,988$666,113$1,107,959
60$1,677,378$826,117$657,524$1,157,958
61$1,816,594$834,719$647,674$1,212,011
62$1,969,005$842,739$636,489$1,270,536
63$2,135,926$850,116$623,895$1,333,994
64$2,318,805$856,787$609,810$1,402,895
65$2,519,236$862,682$594,151$1,477,804
66$2,738,974$867,729$576,831$1,559,343
67$2,979,952$871,851$557,758$1,648,203
68$3,244,301$874,965$536,836$1,745,144
69$3,534,366$876,985$513,966$1,851,009
70$3,852,731$877,816$489,043$1,966,728
71$4,202,241$877,361$461,958$2,093,328
72$4,586,032$875,514$432,596$2,231,945
73$5,007,558$872,164$400,838$2,383,833
74$5,470,622$867,194$366,560$2,550,377
75$5,979,416$860,477$329,630$2,733,109
76$6,538,556$851,880$289,913$2,933,717
77$7,153,131$841,264$247,267$3,154,068
78$7,828,742$828,478$201,542$3,396,223
79$8,571,565$813,365$152,585$3,662,456
80$9,388,401$795,755$100,233$3,955,280
81$10,286,743$775,474$44,316$4,277,467
82$11,274,850$752,331$0$4,632,077
83$12,361,818$726,128$0$5,027,243
84$13,557,669$696,654$0$5,476,882
85$14,873,449$663,687$0$5,971,444
86$16,321,324$626,991$0$6,515,531
87$17,914,702$586,317$0$7,114,221
88$19,668,356$541,401$0$7,773,110
89$21,598,562$491,964$0$8,498,373
90$23,723,257$437,711$0$9,296,813
91$26,062,202$378,332$0$10,175,936
92$28,637,174$313,497$0$11,144,016
93$31,472,166$242,859$0$12,210,175
94$34,593,619$166,051$0$13,384,472
95$38,030,665$82,685$0$14,677,998
96$41,815,408$0$0$16,102,977
97$45,983,222$0$0$17,675,921
98$50,573,085$0$0$19,444,348
99$55,627,952$0$0$21,392,067
100$61,195,152$0$0$23,537,331