Can I retire at age 49 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$61,109$60,564$60,033$59,515$59,009$58,465
2 years$30,252$29,688$29,142$28,613$28,099$27,552
3 years$19,967$19,402$18,857$18,333$17,827$17,293
4 years$14,826$14,262$13,723$13,208$12,715$12,197
5 years$11,743$11,182$10,650$10,145$9,665$9,167
6 years$9,687$9,131$8,607$8,113$7,648$7,168
7 years$8,220$7,668$7,152$6,670$6,220$5,759
8 years$7,120$6,573$6,066$5,595$5,160$4,719
9 years$6,265$5,723$5,224$4,766$4,345$3,923
10 years$5,581$5,044$4,555$4,108$3,703$3,300
11 years$5,022$4,491$4,010$3,575$3,184$2,800
12 years$4,556$4,031$3,559$3,136$2,759$2,393
13 years$4,163$3,643$3,179$2,769$2,406$2,058
14 years$3,826$3,311$2,857$2,458$2,109$1,778
15 years$3,534$3,025$2,579$2,192$1,857$1,543
16 years$3,278$2,775$2,338$1,963$1,641$1,344
17 years$3,054$2,556$2,128$1,763$1,455$1,174
18 years$2,854$2,362$1,942$1,589$1,294$1,028
19 years$2,675$2,189$1,778$1,436$1,153$902
20 years$2,515$2,034$1,632$1,301$1,030$793
21 years$2,370$1,894$1,501$1,180$922$698
22 years$2,238$1,768$1,383$1,073$826$616
23 years$2,119$1,654$1,277$977$742$544
24 years$2,009$1,550$1,181$891$667$481
25 years$1,908$1,454$1,094$814$600$425
26 years$1,815$1,367$1,015$744$540$377
27 years$1,729$1,286$942$681$487$334
28 years$1,649$1,212$876$624$440$296
29 years$1,575$1,143$815$572$397$263
30 years$1,506$1,080$759$525$359$233
31 years$1,442$1,021$708$483$324$207
32 years$1,382$966$661$443$293$184
33 years$1,325$915$617$408$266$163
34 years$1,272$867$576$375$240$145
35 years$1,222$822$539$345$218$129
36 years$1,175$780$504$318$197$115
37 years$1,131$741$472$293$179$102
38 years$1,089$704$442$270$162$91
39 years$1,049$670$414$249$147$81
40 years$1,012$637$388$230$133$72
41 years$976$607$364$212$121$64
42 years$942$578$341$196$110$57
43 years$910$551$320$181$100$51
44 years$879$525$301$167$90$45
45 years$850$500$282$154$82$40
46 years$822$477$265$142$75$36
47 years$796$456$249$131$68$32
48 years$770$435$234$121$61$29
49 years$746$415$220$112$56$25
50 years$722$397$207$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $740,000, adding $5,668 every year, while hoping to spend $43,501 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: 70/23/7 Blend
48$740,000$740,000$740,000$740,000
49$821,327$782,107$770,637$877,525
50$858,817$774,145$750,168$907,475
51$898,674$764,335$727,556$934,342
52$941,092$752,541$702,683$962,546
53$986,285$738,618$675,425$992,209
54$1,034,489$722,412$645,653$1,023,465
55$1,085,958$703,762$613,234$1,056,464
56$1,140,974$682,495$578,027$1,091,370
57$1,199,847$658,430$539,883$1,128,368
58$1,262,912$631,375$498,651$1,167,660
59$1,330,542$601,125$454,168$1,209,472
60$1,403,143$567,465$406,268$1,254,054
61$1,481,161$530,168$354,775$1,301,682
62$1,565,086$488,993$299,507$1,352,663
63$1,655,456$443,685$240,272$1,407,338
64$1,752,861$393,975$176,870$1,466,081
65$1,857,952$339,578$109,094$1,529,312
66$1,971,440$280,194$36,725$1,597,491
67$2,094,109$215,506$0$1,671,130
68$2,226,820$145,178$0$1,753,821
69$2,370,519$68,856$0$1,846,289
70$2,526,248$0$0$1,946,500
71$2,695,150$0$0$2,058,745
72$2,878,484$0$0$2,199,529
73$3,077,633$0$0$2,352,494
74$3,294,120$0$0$2,518,812
75$3,529,620$0$0$2,699,775
76$3,785,975$0$0$2,896,803
77$4,065,213$0$0$3,111,460
78$4,369,564$0$0$3,345,467
79$4,701,485$0$0$3,600,717
80$5,063,678$0$0$3,879,293
81$5,459,118$0$0$4,183,490
82$5,891,079$0$0$4,515,834
83$6,363,168$0$0$4,879,103
84$6,879,352$0$0$5,276,360
85$7,444,001$0$0$5,710,974
86$8,061,928$0$0$6,186,656
87$8,738,431$0$0$6,707,492
88$9,479,343$0$0$7,277,982
89$10,291,092$0$0$7,903,082
90$11,180,751$0$0$8,588,248
91$12,156,114$0$0$9,339,491
92$13,225,765$0$0$10,163,431
93$14,399,157$0$0$11,067,359
94$15,686,702$0$0$12,059,306
95$17,099,869$0$0$13,148,119
96$18,651,294$0$0$14,343,542
97$20,354,891$0$0$15,656,309
98$22,225,992$0$0$17,098,245
99$24,281,485$0$0$18,682,375
100$26,539,974$0$0$20,423,050