Can I retire at age 49 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$55,741$55,244$54,760$54,287$53,825$52,567
2 years$27,594$27,081$26,582$26,100$25,631$24,370
3 years$18,214$17,697$17,201$16,722$16,261$15,038
4 years$13,524$13,009$12,518$12,047$11,598$10,421
5 years$10,711$10,200$9,714$9,254$8,816$7,689
6 years$8,836$8,329$7,851$7,400$6,976$5,900
7 years$7,498$6,994$6,524$6,084$5,673$4,648
8 years$6,494$5,996$5,533$5,104$4,707$3,732
9 years$5,714$5,220$4,765$4,347$3,964$3,039
10 years$5,091$4,601$4,155$3,747$3,377$2,502
11 years$4,581$4,096$3,658$3,261$2,905$2,077
12 years$4,156$3,677$3,246$2,861$2,517$1,736
13 years$3,797$3,323$2,900$2,526$2,195$1,459
14 years$3,489$3,020$2,606$2,242$1,924$1,231
15 years$3,223$2,759$2,353$1,999$1,694$1,043
16 years$2,991$2,531$2,133$1,790$1,497$886
17 years$2,785$2,331$1,941$1,608$1,328$755
18 years$2,603$2,154$1,772$1,450$1,180$645
19 years$2,440$1,996$1,622$1,310$1,052$551
20 years$2,294$1,855$1,489$1,186$940$472
21 years$2,162$1,728$1,369$1,077$841$405
22 years$2,042$1,613$1,262$979$754$348
23 years$1,932$1,509$1,165$892$677$299
24 years$1,832$1,414$1,078$813$608$257
25 years$1,740$1,327$998$743$547$221
26 years$1,655$1,247$926$679$493$190
27 years$1,577$1,173$860$621$444$164
28 years$1,504$1,106$799$569$401$141
29 years$1,437$1,043$744$522$362$122
30 years$1,374$985$693$479$327$105
31 years$1,315$931$646$440$296$91
32 years$1,260$881$602$404$268$78
33 years$1,209$834$563$372$242$68
34 years$1,160$791$526$342$219$58
35 years$1,115$750$491$315$199$50
36 years$1,072$712$460$290$180$44
37 years$1,032$676$430$267$163$38
38 years$993$643$403$246$148$32
39 years$957$611$378$227$134$28
40 years$923$581$354$210$122$24
41 years$890$553$332$193$110$21
42 years$859$527$311$178$100$18
43 years$830$502$292$165$91$16
44 years$802$479$274$152$82$14
45 years$775$456$257$140$75$12
46 years$750$435$242$130$68$10
47 years$726$416$227$120$62$9
48 years$702$397$213$111$56$8
49 years$680$379$201$102$51$7
50 years$659$362$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $675,000, adding $5,577 every year, while hoping to spend $30,795 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: 65/13/22 Blend
48$675,000$675,000$675,000$675,000
49$749,603$713,828$703,365$793,749
50$793,297$716,040$694,162$826,339
51$840,415$717,328$683,619$857,951
52$891,275$717,614$671,658$891,787
53$946,224$716,817$658,198$928,066
54$1,005,646$714,848$643,154$967,031
55$1,069,960$711,614$626,438$1,008,951
56$1,139,629$707,016$607,957$1,054,122
57$1,215,161$700,949$587,613$1,102,872
58$1,297,115$693,303$565,305$1,155,564
59$1,386,105$683,960$540,928$1,212,596
60$1,482,808$672,794$514,369$1,274,413
61$1,587,967$659,674$485,513$1,341,501
62$1,702,401$644,459$454,239$1,414,400
63$1,827,010$627,001$420,420$1,493,707
64$1,962,784$607,143$383,923$1,580,079
65$2,110,813$584,718$344,610$1,674,244
66$2,272,298$559,552$302,336$1,777,003
67$2,448,560$531,456$256,951$1,889,244
68$2,641,051$500,236$208,298$2,011,946
69$2,851,373$465,682$156,210$2,146,188
70$3,081,287$427,574$100,517$2,293,165
71$3,332,732$385,680$41,039$2,454,193
72$3,607,846$339,754$0$2,630,726
73$3,908,980$289,535$0$2,829,635
74$4,238,723$234,749$0$3,058,048
75$4,599,926$175,106$0$3,308,325
76$4,995,732$110,299$0$3,582,672
77$5,429,598$40,005$0$3,883,524
78$5,905,334$0$0$4,213,561
79$6,427,135$0$0$4,580,907
80$6,999,623$0$0$4,990,260
81$7,627,888$0$0$5,439,544
82$8,317,536$0$0$5,932,773
83$9,074,744$0$0$6,474,371
84$9,906,315$0$0$7,069,211
85$10,819,743$0$0$7,722,659
86$11,823,286$0$0$8,440,629
87$12,926,037$0$0$9,229,636
88$14,138,017$0$0$10,096,855
89$15,470,265$0$0$11,050,192
90$16,934,943$0$0$12,098,360
91$18,545,450$0$0$13,250,953
92$20,316,547$0$0$14,518,546
93$22,264,499$0$0$15,912,787
94$24,407,226$0$0$17,446,511
95$26,764,471$0$0$19,133,859
96$29,357,988$0$0$20,990,413
97$32,211,744$0$0$23,033,340
98$35,352,151$0$0$25,281,555
99$38,808,305$0$0$27,755,900
100$42,612,269$0$0$30,479,342