Can I retire at age 49 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$59,457$58,927$58,411$57,906$57,414$55,710
2 years$29,434$28,886$28,355$27,840$27,340$25,637
3 years$19,428$18,877$18,347$17,837$17,346$15,698
4 years$14,426$13,877$13,352$12,851$12,371$10,790
5 years$11,425$10,880$10,362$9,870$9,404$7,895
6 years$9,425$8,884$8,374$7,894$7,441$6,005
7 years$7,998$7,461$6,959$6,490$6,052$4,689
8 years$6,927$6,395$5,902$5,444$5,020$3,730
9 years$6,095$5,568$5,083$4,637$4,228$3,008
10 years$5,430$4,908$4,431$3,997$3,602$2,451
11 years$4,886$4,369$3,901$3,479$3,098$2,014
12 years$4,433$3,922$3,462$3,051$2,685$1,666
13 years$4,050$3,544$3,093$2,694$2,341$1,385
14 years$3,722$3,221$2,779$2,391$2,052$1,156
15 years$3,438$2,943$2,509$2,133$1,807$968
16 years$3,190$2,700$2,275$1,910$1,597$814
17 years$2,971$2,487$2,070$1,716$1,416$685
18 years$2,777$2,298$1,890$1,546$1,259$578
19 years$2,603$2,130$1,730$1,397$1,122$488
20 years$2,447$1,979$1,588$1,265$1,002$413
21 years$2,306$1,843$1,461$1,148$897$350
22 years$2,178$1,721$1,346$1,044$804$297
23 years$2,061$1,609$1,243$951$722$252
24 years$1,954$1,508$1,149$867$649$214
25 years$1,856$1,415$1,065$792$584$182
26 years$1,766$1,330$987$724$526$155
27 years$1,682$1,252$917$663$474$131
28 years$1,605$1,179$852$607$428$112
29 years$1,533$1,113$793$557$386$95
30 years$1,466$1,051$739$511$349$81
31 years$1,403$993$689$469$316$69
32 years$1,344$940$643$431$285$59
33 years$1,289$890$600$397$258$50
34 years$1,238$844$561$365$234$43
35 years$1,189$800$524$336$212$36
36 years$1,144$759$490$309$192$31
37 years$1,100$721$459$285$174$26
38 years$1,060$685$430$263$158$22
39 years$1,021$652$403$242$143$19
40 years$984$620$377$224$130$16
41 years$950$590$354$206$118$14
42 years$917$562$332$190$107$12
43 years$885$536$312$176$97$10
44 years$855$511$292$162$88$9
45 years$827$487$275$150$80$7
46 years$800$464$258$138$73$6
47 years$774$443$242$128$66$5
48 years$749$423$228$118$60$5
49 years$726$404$214$109$54$4
50 years$703$386$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $720,000, adding $5,979 every year, while hoping to spend $35,454 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: 52/34/14 Blend
48$720,000$720,000$720,000$720,000
49$799,607$761,447$750,287$837,885
50$843,445$761,035$737,699$864,302
51$890,565$759,415$723,501$888,760
52$941,266$756,490$707,602$914,561
53$995,874$752,157$689,905$941,842
54$1,054,748$746,307$670,312$970,755
55$1,118,281$738,826$648,717$1,001,469
56$1,186,908$729,590$625,011$1,034,175
57$1,261,104$718,471$599,079$1,069,080
58$1,341,390$705,330$570,803$1,106,419
59$1,428,344$690,023$540,056$1,146,452
60$1,522,595$672,395$506,709$1,189,467
61$1,624,840$652,282$470,624$1,235,783
62$1,735,843$629,513$431,659$1,285,758
63$1,856,444$603,904$389,664$1,339,785
64$1,987,567$575,262$344,484$1,398,304
65$2,130,232$543,382$295,957$1,461,801
66$2,285,555$508,047$243,911$1,530,815
67$2,454,770$469,030$188,170$1,605,946
68$2,639,232$426,088$128,549$1,687,858
69$2,840,432$378,964$64,854$1,777,285
70$3,060,012$327,390$0$1,875,043
71$3,299,780$271,079$0$1,982,502
72$3,561,725$209,729$0$2,110,566
73$3,848,038$143,023$0$2,250,678
74$4,161,130$70,623$0$2,404,100
75$4,503,655$0$0$2,572,225
76$4,878,539$0$0$2,759,524
77$5,288,998$0$0$2,993,598
78$5,738,580$0$0$3,250,054
79$6,231,187$0$0$3,531,128
80$6,771,119$0$0$3,839,284
81$7,363,111$0$0$4,177,232
82$8,012,378$0$0$4,547,962
83$8,724,665$0$0$4,954,762
84$9,506,299$0$0$5,401,257
85$10,364,248$0$0$5,891,440
86$11,306,190$0$0$6,429,708
87$12,340,581$0$0$7,020,906
88$13,476,736$0$0$7,670,370
89$14,724,917$0$0$8,383,979
90$16,096,430$0$0$9,168,210
91$17,603,729$0$0$10,030,199
92$19,260,534$0$0$10,977,805
93$21,081,962$0$0$12,019,690
94$23,084,667$0$0$13,165,394
95$25,286,996$0$0$14,425,431
96$27,709,165$0$0$15,811,383
97$30,373,447$0$0$17,336,010
98$33,304,380$0$0$19,013,372
99$36,529,004$0$0$20,858,962
100$40,077,107$0$0$22,889,849