Can I retire at age 49 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$65,237$64,656$64,089$63,536$62,996$62,286
2 years$32,296$31,694$31,111$30,546$29,998$29,284
3 years$21,317$20,713$20,131$19,571$19,032$18,335
4 years$15,828$15,226$14,650$14,100$13,574$12,899
5 years$12,536$11,937$11,369$10,830$10,319$9,669
6 years$10,342$9,748$9,188$8,661$8,165$7,541
7 years$8,775$8,186$7,635$7,121$6,640$6,042
8 years$7,601$7,017$6,475$5,973$5,509$4,936
9 years$6,688$6,110$5,577$5,088$4,639$4,092
10 years$5,958$5,385$4,862$4,386$3,953$3,431
11 years$5,361$4,794$4,281$3,817$3,399$2,903
12 years$4,864$4,303$3,799$3,348$2,946$2,473
13 years$4,444$3,889$3,394$2,956$2,569$2,120
14 years$4,084$3,535$3,050$2,624$2,252$1,826
15 years$3,772$3,229$2,753$2,340$1,983$1,579
16 years$3,500$2,963$2,496$2,095$1,752$1,370
17 years$3,260$2,728$2,272$1,883$1,554$1,193
18 years$3,047$2,521$2,074$1,697$1,382$1,040
19 years$2,856$2,337$1,898$1,533$1,231$910
20 years$2,685$2,171$1,742$1,388$1,100$797
21 years$2,530$2,022$1,603$1,260$984$699
22 years$2,390$1,888$1,477$1,146$882$614
23 years$2,262$1,766$1,364$1,043$792$540
24 years$2,144$1,654$1,261$952$712$476
25 years$2,037$1,553$1,168$869$641$419
26 years$1,938$1,459$1,083$795$577$370
27 years$1,846$1,373$1,006$727$520$326
28 years$1,761$1,294$935$666$469$288
29 years$1,682$1,221$870$611$424$255
30 years$1,608$1,153$811$561$383$225
31 years$1,539$1,090$756$515$346$199
32 years$1,475$1,031$705$473$313$176
33 years$1,415$977$658$435$283$156
34 years$1,358$926$615$401$257$138
35 years$1,305$878$575$369$232$122
36 years$1,255$833$538$340$211$108
37 years$1,207$791$504$313$191$96
38 years$1,163$752$472$288$173$85
39 years$1,120$715$442$266$157$75
40 years$1,080$680$414$245$142$67
41 years$1,042$648$388$226$129$59
42 years$1,006$617$364$209$117$53
43 years$971$588$342$193$106$47
44 years$939$560$321$178$97$41
45 years$907$534$301$164$88$37
46 years$878$510$283$152$80$32
47 years$849$486$266$140$72$29
48 years$822$464$250$130$66$26
49 years$796$443$235$120$60$23
50 years$771$424$221$111$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $790,000, adding $3,755 every year, while hoping to spend $29,547 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: 43/27/30 Blend
48$790,000$790,000$790,000$790,000
49$874,453$832,583$820,338$904,267
50$932,210$841,942$816,382$935,430
51$994,867$850,769$811,303$966,113
52$1,062,894$859,007$805,032$998,805
53$1,136,806$866,595$797,497$1,033,713
54$1,217,170$873,469$788,623$1,071,063
55$1,304,610$879,557$778,331$1,111,106
56$1,399,813$884,788$766,537$1,154,121
57$1,503,533$889,082$753,156$1,200,418
58$1,616,603$892,357$738,096$1,250,337
59$1,739,937$894,522$721,262$1,304,260
60$1,874,541$895,485$702,555$1,362,604
61$2,021,525$895,144$681,871$1,425,835
62$2,182,108$893,394$659,102$1,494,467
63$2,357,634$890,121$634,133$1,569,069
64$2,549,581$885,205$606,845$1,650,272
65$2,759,579$878,521$577,114$1,738,773
66$2,989,419$869,931$544,811$1,835,342
67$3,241,076$859,295$509,798$1,940,833
68$3,516,725$846,459$471,935$2,056,190
69$3,818,759$831,263$431,073$2,182,455
70$4,149,815$813,538$387,057$2,320,782
71$4,512,798$793,103$339,725$2,472,445
72$4,910,906$769,768$288,908$2,638,855
73$5,347,661$743,329$234,430$2,821,568
74$5,826,945$713,574$176,105$3,022,306
75$6,353,030$680,277$113,742$3,242,971
76$6,930,627$643,198$47,140$3,485,663
77$7,564,920$602,083$0$3,752,703
78$8,261,623$556,667$0$4,054,319
79$9,027,030$506,665$0$4,402,279
80$9,868,074$451,778$0$4,784,680
81$10,792,393$391,692$0$5,205,049
82$11,808,404$326,071$0$5,667,281
83$12,925,375$254,563$0$6,175,667
84$14,153,522$176,795$0$6,734,941
85$15,504,097$92,374$0$7,350,323
86$16,989,499$884$0$8,027,571
87$18,623,387$0$0$8,773,032
88$20,420,812$0$0$9,622,855
89$22,398,357$0$0$10,558,241
90$24,574,291$0$0$11,587,583
91$26,968,747$0$0$12,720,419
92$29,603,905$0$0$13,967,257
93$32,504,207$0$0$15,339,677
94$35,696,581$0$0$16,850,438
95$39,210,702$0$0$18,513,600
96$43,079,264$0$0$20,344,653
97$47,338,296$0$0$22,360,668
98$52,027,494$0$0$24,580,453
99$57,190,603$0$0$27,024,735
100$62,875,822$0$0$29,716,351