Can I retire at age 49 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$58,631$58,109$57,599$57,102$56,616$54,392
2 years$29,025$28,485$27,961$27,453$26,960$24,746
3 years$19,158$18,615$18,093$17,589$17,105$14,971
4 years$14,225$13,684$13,167$12,672$12,199$10,162
5 years$11,266$10,728$10,218$9,733$9,274$7,338
6 years$9,295$8,761$8,258$7,784$7,338$5,505
7 years$7,887$7,357$6,862$6,400$5,968$4,237
8 years$6,831$6,306$5,820$5,368$4,951$3,321
9 years$6,011$5,491$5,012$4,573$4,169$2,638
10 years$5,355$4,840$4,370$3,942$3,552$2,116
11 years$4,818$4,309$3,847$3,430$3,055$1,711
12 years$4,372$3,867$3,414$3,009$2,648$1,392
13 years$3,994$3,495$3,050$2,656$2,309$1,137
14 years$3,670$3,177$2,741$2,358$2,024$933
15 years$3,390$2,902$2,475$2,103$1,782$768
16 years$3,146$2,663$2,244$1,883$1,575$633
17 years$2,930$2,452$2,042$1,692$1,396$524
18 years$2,738$2,266$1,864$1,525$1,242$434
19 years$2,567$2,100$1,706$1,378$1,107$360
20 years$2,413$1,951$1,566$1,248$989$298
21 years$2,274$1,818$1,440$1,132$885$248
22 years$2,148$1,697$1,327$1,030$793$206
23 years$2,033$1,587$1,226$938$712$172
24 years$1,927$1,487$1,133$855$640$143
25 years$1,830$1,395$1,050$781$576$119
26 years$1,741$1,311$974$714$519$99
27 years$1,659$1,234$904$654$468$83
28 years$1,582$1,163$841$599$422$69
29 years$1,511$1,097$782$549$381$57
30 years$1,445$1,036$729$504$344$48
31 years$1,383$979$679$463$311$40
32 years$1,326$927$634$425$281$33
33 years$1,272$878$592$391$255$28
34 years$1,221$832$553$360$231$23
35 years$1,173$789$517$331$209$19
36 years$1,128$749$484$305$189$16
37 years$1,085$711$453$281$172$13
38 years$1,045$676$424$259$156$11
39 years$1,007$643$397$239$141$9
40 years$971$612$372$220$128$8
41 years$936$582$349$203$116$7
42 years$904$554$327$188$105$5
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$4
45 years$816$480$271$148$79$3
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$2
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $710,000, adding $2,112 every year, while hoping to spend $27,756 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: 35/47/18 Blend
48$710,000$710,000$710,000$710,000
49$784,599$746,969$735,964$807,668
50$835,095$754,038$731,086$831,776
51$889,813$760,523$725,115$855,027
52$949,152$766,367$717,984$879,531
53$1,013,553$771,507$709,625$905,414
54$1,083,503$775,878$699,965$932,818
55$1,159,534$779,410$688,928$961,900
56$1,242,235$782,029$676,435$992,835
57$1,332,250$783,656$662,402$1,025,818
58$1,430,291$784,206$646,744$1,061,065
59$1,537,140$783,592$629,370$1,098,819
60$1,653,657$781,717$610,183$1,139,346
61$1,780,791$778,482$589,085$1,182,944
62$1,919,585$773,780$565,972$1,229,943
63$2,071,185$767,498$540,734$1,280,711
64$2,236,856$759,516$513,260$1,335,654
65$2,417,990$749,707$483,428$1,395,224
66$2,616,118$737,936$451,116$1,459,924
67$2,832,927$724,060$416,194$1,530,308
68$3,070,275$707,928$378,525$1,606,994
69$3,330,207$689,380$337,969$1,690,666
70$3,614,974$668,246$294,378$1,782,080
71$3,927,058$644,346$247,596$1,882,077
72$4,269,190$617,492$197,463$1,991,586
73$4,644,379$587,481$143,810$2,111,639
74$5,055,940$554,101$86,461$2,243,374
75$5,507,521$517,127$25,232$2,388,056
76$6,003,143$476,321$0$2,547,083
77$6,547,235$431,433$0$2,729,704
78$7,144,676$382,195$0$2,935,601
79$7,800,838$328,329$0$3,161,856
80$8,521,643$269,536$0$3,410,606
81$9,313,610$205,503$0$3,684,212
82$10,183,926$135,900$0$3,985,281
83$11,140,503$60,376$0$4,316,693
84$12,192,063$0$0$4,681,630
85$13,348,212$0$0$5,094,690
86$14,619,534$0$0$5,583,347
87$16,017,689$0$0$6,120,870
88$17,555,525$0$0$6,712,213
89$19,247,198$0$0$7,362,834
90$21,108,303$0$0$8,078,747
91$23,156,024$0$0$8,866,577
92$25,409,295$0$0$9,733,626
93$27,888,978$0$0$10,687,937
94$30,618,058$0$0$11,738,375
95$33,621,863$0$0$12,894,705
96$36,928,300$0$0$14,167,691
97$40,568,119$0$0$15,569,189
98$44,575,204$0$0$17,112,267
99$48,986,889$0$0$18,811,321
100$53,844,314$0$0$20,682,218