Can I retire at age 49 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$56,980$56,472$55,977$55,494$55,022$53,133
2 years$28,208$27,682$27,173$26,680$26,201$24,317
3 years$18,618$18,091$17,583$17,094$16,623$14,803
4 years$13,825$13,299$12,796$12,315$11,856$10,114
5 years$10,949$10,426$9,930$9,459$9,012$7,354
6 years$9,033$8,514$8,025$7,565$7,131$5,557
7 years$7,664$7,150$6,669$6,219$5,800$4,309
8 years$6,639$6,129$5,656$5,217$4,811$3,403
9 years$5,841$5,336$4,871$4,444$4,052$2,725
10 years$5,204$4,704$4,247$3,831$3,452$2,204
11 years$4,682$4,187$3,739$3,334$2,969$1,797
12 years$4,248$3,758$3,318$2,924$2,573$1,474
13 years$3,881$3,396$2,965$2,582$2,244$1,216
14 years$3,567$3,087$2,664$2,292$1,967$1,007
15 years$3,295$2,820$2,405$2,044$1,732$836
16 years$3,057$2,588$2,180$1,830$1,531$696
17 years$2,847$2,383$1,984$1,644$1,357$581
18 years$2,661$2,202$1,811$1,482$1,207$486
19 years$2,495$2,041$1,658$1,339$1,075$407
20 years$2,345$1,896$1,522$1,213$961$341
21 years$2,210$1,766$1,400$1,101$860$286
22 years$2,087$1,649$1,290$1,001$771$241
23 years$1,975$1,542$1,191$911$692$202
24 years$1,873$1,445$1,102$831$622$170
25 years$1,779$1,356$1,020$759$559$143
26 years$1,692$1,274$946$694$504$121
27 years$1,612$1,199$879$635$454$102
28 years$1,538$1,130$817$582$410$86
29 years$1,469$1,066$760$534$370$72
30 years$1,405$1,007$708$490$334$61
31 years$1,345$952$660$450$302$51
32 years$1,288$901$616$413$274$43
33 years$1,236$853$575$380$248$36
34 years$1,186$808$537$350$224$31
35 years$1,140$767$502$322$203$26
36 years$1,096$728$470$297$184$22
37 years$1,055$691$440$273$167$18
38 years$1,015$657$412$252$151$16
39 years$978$625$386$232$137$13
40 years$943$594$362$214$124$11
41 years$910$566$339$198$113$9
42 years$878$539$318$182$102$8
43 years$848$513$299$168$93$7
44 years$820$489$280$155$84$6
45 years$793$467$263$144$77$5
46 years$767$445$247$133$69$4
47 years$742$425$232$123$63$3
48 years$718$406$218$113$57$3
49 years$695$387$205$105$52$2
50 years$674$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $690,000, adding $4,934 every year, while hoping to spend $39,822 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: 49/30/21 Blend
48$690,000$690,000$690,000$690,000
49$765,469$728,899$718,204$798,233
50$801,177$722,245$699,894$814,850
51$839,192$713,930$679,635$828,460
52$879,708$703,831$657,322$842,415
53$922,936$691,817$632,840$856,765
54$969,109$677,750$606,074$871,567
55$1,018,481$661,482$576,900$886,883
56$1,071,330$642,858$545,190$902,790
57$1,127,962$621,715$510,810$919,370
58$1,188,712$597,877$473,620$936,719
59$1,253,949$571,160$433,474$954,947
60$1,324,074$541,370$390,218$974,178
61$1,399,533$508,301$343,694$994,550
62$1,480,812$471,733$293,734$1,016,222
63$1,568,444$431,438$240,163$1,039,373
64$1,663,017$387,170$182,801$1,064,203
65$1,765,176$338,673$121,456$1,090,939
66$1,875,631$285,675$55,931$1,119,835
67$1,995,159$227,887$0$1,151,176
68$2,124,619$165,006$0$1,188,419
69$2,264,950$96,712$0$1,242,364
70$2,417,190$22,666$0$1,300,918
71$2,582,476$0$0$1,364,583
72$2,762,061$0$0$1,452,896
73$2,957,324$0$0$1,557,119
74$3,169,779$0$0$1,670,588
75$3,401,096$0$0$1,794,201
76$3,653,109$0$0$1,928,950
77$3,927,837$0$0$2,075,923
78$4,227,505$0$0$2,236,319
79$4,554,558$0$0$2,411,458
80$4,911,690$0$0$2,602,793
81$5,301,865$0$0$2,811,923
82$5,728,347$0$0$3,040,609
83$6,194,730$0$0$3,290,790
84$6,704,969$0$0$3,564,600
85$7,263,422$0$0$3,864,391
86$7,874,885$0$0$4,192,751
87$8,544,641$0$0$4,552,531
88$9,278,508$0$0$4,946,870
89$10,082,892$0$0$5,379,226
90$10,964,849$0$0$5,853,407
91$11,932,151$0$0$6,373,608
92$12,993,358$0$0$6,944,449
93$14,157,898$0$0$7,571,019
94$15,436,157$0$0$8,258,923
95$16,839,574$0$0$9,014,337
96$18,380,750$0$0$9,844,062
97$20,073,568$0$0$10,755,593
98$21,933,320$0$0$11,757,185
99$23,976,853$0$0$12,857,931
100$26,222,725$0$0$14,067,850