Can I retire at age 49 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$82,579$81,843$81,126$80,425$79,741$77,127
2 years$40,881$40,119$39,381$38,666$37,972$35,363
3 years$26,983$26,218$25,482$24,774$24,091$21,569
4 years$20,036$19,273$18,545$17,848$17,182$14,767
5 years$15,868$15,111$14,391$13,709$13,061$10,759
6 years$13,091$12,339$11,630$10,963$10,335$8,148
7 years$11,108$10,362$9,665$9,013$8,405$6,333
8 years$9,621$8,882$8,197$7,561$6,973$5,014
9 years$8,466$7,734$7,060$6,440$5,872$4,024
10 years$7,542$6,817$6,155$5,552$5,003$3,263
11 years$6,786$6,069$5,419$4,832$4,303$2,667
12 years$6,157$5,447$4,809$4,238$3,729$2,194
13 years$5,625$4,922$4,296$3,742$3,252$1,814
14 years$5,170$4,474$3,860$3,321$2,850$1,506
15 years$4,775$4,087$3,485$2,962$2,510$1,255
16 years$4,430$3,750$3,160$2,652$2,218$1,048
17 years$4,126$3,454$2,875$2,383$1,967$877
18 years$3,857$3,191$2,625$2,148$1,749$736
19 years$3,615$2,958$2,403$1,940$1,559$618
20 years$3,399$2,748$2,205$1,757$1,392$520
21 years$3,203$2,560$2,029$1,595$1,246$438
22 years$3,025$2,390$1,870$1,450$1,117$369
23 years$2,863$2,235$1,726$1,321$1,002$311
24 years$2,714$2,094$1,596$1,205$901$262
25 years$2,578$1,965$1,479$1,100$811$222
26 years$2,453$1,847$1,371$1,006$730$187
27 years$2,336$1,738$1,273$921$658$158
28 years$2,229$1,638$1,184$844$594$134
29 years$2,129$1,545$1,102$774$537$113
30 years$2,036$1,459$1,026$710$485$96
31 years$1,949$1,380$957$652$438$81
32 years$1,867$1,305$893$599$396$68
33 years$1,791$1,236$833$551$359$58
34 years$1,719$1,172$779$507$325$49
35 years$1,652$1,111$728$467$294$41
36 years$1,588$1,055$681$430$267$35
37 years$1,528$1,002$637$396$242$30
38 years$1,472$952$597$365$219$25
39 years$1,418$905$559$337$199$21
40 years$1,367$861$524$310$180$18
41 years$1,319$820$492$286$163$15
42 years$1,273$781$461$264$148$13
43 years$1,230$744$433$244$135$11
44 years$1,188$709$406$225$122$9
45 years$1,149$676$381$208$111$8
46 years$1,111$645$358$192$101$7
47 years$1,075$616$336$178$91$6
48 years$1,041$588$316$164$83$5
49 years$1,008$561$297$152$75$4
50 years$976$536$279$140$69$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,000,000, adding $6,622 every year, while hoping to spend $48,879 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: 71/5/24 Blend
48$1,000,000$1,000,000$1,000,000$1,000,000
49$1,108,831$1,055,831$1,040,331$1,180,427
50$1,169,924$1,055,559$1,023,175$1,228,837
51$1,235,612$1,053,637$1,003,806$1,275,462
52$1,306,309$1,049,930$982,099$1,325,339
53$1,382,475$1,044,299$957,921$1,378,784
54$1,464,611$1,036,593$931,135$1,436,151
55$1,553,271$1,026,656$901,598$1,497,826
56$1,649,061$1,014,319$869,158$1,564,239
57$1,752,649$999,403$833,658$1,635,864
58$1,864,766$981,722$794,933$1,713,223
59$1,986,221$961,074$752,812$1,796,895
60$2,117,898$937,250$707,114$1,887,517
61$2,260,772$910,024$657,650$1,985,793
62$2,415,915$879,159$604,226$2,092,501
63$2,584,506$844,405$546,635$2,208,499
64$2,767,842$805,497$484,663$2,334,735
65$2,967,348$762,153$418,086$2,472,256
66$3,184,596$714,077$346,671$2,622,216
67$3,421,313$660,954$270,171$2,785,889
68$3,679,398$602,453$188,334$2,964,683
69$3,960,946$538,222$100,892$3,160,151
70$4,268,258$467,891$7,568$3,374,006
71$4,603,870$391,067$0$3,608,140
72$4,970,572$307,337$0$3,888,204
73$5,371,437$216,263$0$4,196,537
74$5,809,847$117,383$0$4,533,819
75$6,289,526$10,209$0$4,902,939
76$6,814,575$0$0$5,307,077
77$7,389,510$0$0$5,755,558
78$8,019,303$0$0$6,247,497
79$8,709,431$0$0$6,786,618
80$9,465,926$0$0$7,377,638
81$10,295,429$0$0$8,025,754
82$11,205,257$0$0$8,736,689
83$12,203,468$0$0$9,516,748
84$13,298,937$0$0$10,372,873
85$14,501,441$0$0$11,312,713
86$15,821,751$0$0$12,344,694
87$17,271,728$0$0$13,478,097
88$18,864,443$0$0$14,723,146
89$20,614,291$0$0$16,091,103
90$22,537,131$0$0$17,594,378
91$24,650,438$0$0$19,246,639
92$26,973,459$0$0$21,062,946
93$29,527,402$0$0$23,059,890
94$32,335,630$0$0$25,255,751
95$35,423,885$0$0$27,670,669
96$38,820,527$0$0$30,326,831
97$42,556,805$0$0$33,248,684
98$46,667,145$0$0$36,463,166
99$51,189,481$0$0$39,999,952
100$56,165,607$0$0$43,891,743