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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$82,579$81,843$81,126$80,425$79,741$78,712
2 years$40,881$40,119$39,381$38,666$37,972$36,937
3 years$26,983$26,218$25,482$24,774$24,091$23,082
4 years$20,036$19,273$18,545$17,848$17,182$16,206
5 years$15,868$15,111$14,391$13,709$13,061$12,122
6 years$13,091$12,339$11,630$10,963$10,335$9,434
7 years$11,108$10,362$9,665$9,013$8,405$7,542
8 years$9,621$8,882$8,197$7,561$6,973$6,147
9 years$8,466$7,734$7,060$6,440$5,872$5,084
10 years$7,542$6,817$6,155$5,552$5,003$4,253
11 years$6,786$6,069$5,419$4,832$4,303$3,589
12 years$6,157$5,447$4,809$4,238$3,729$3,050
13 years$5,625$4,922$4,296$3,742$3,252$2,607
14 years$5,170$4,474$3,860$3,321$2,850$2,240
15 years$4,775$4,087$3,485$2,962$2,510$1,932
16 years$4,430$3,750$3,160$2,652$2,218$1,672
17 years$4,126$3,454$2,875$2,383$1,967$1,451
18 years$3,857$3,191$2,625$2,148$1,749$1,262
19 years$3,615$2,958$2,403$1,940$1,559$1,100
20 years$3,399$2,748$2,205$1,757$1,392$961
21 years$3,203$2,560$2,029$1,595$1,246$841
22 years$3,025$2,390$1,870$1,450$1,117$736
23 years$2,863$2,235$1,726$1,321$1,002$646
24 years$2,714$2,094$1,596$1,205$901$567
25 years$2,578$1,965$1,479$1,100$811$498
26 years$2,453$1,847$1,371$1,006$730$438
27 years$2,336$1,738$1,273$921$658$385
28 years$2,229$1,638$1,184$844$594$339
29 years$2,129$1,545$1,102$774$537$299
30 years$2,036$1,459$1,026$710$485$263
31 years$1,949$1,380$957$652$438$232
32 years$1,867$1,305$893$599$396$205
33 years$1,791$1,236$833$551$359$181
34 years$1,719$1,172$779$507$325$159
35 years$1,652$1,111$728$467$294$141
36 years$1,588$1,055$681$430$267$124
37 years$1,528$1,002$637$396$242$110
38 years$1,472$952$597$365$219$97
39 years$1,418$905$559$337$199$85
40 years$1,367$861$524$310$180$76
41 years$1,319$820$492$286$163$67
42 years$1,273$781$461$264$148$59
43 years$1,230$744$433$244$135$52
44 years$1,188$709$406$225$122$46
45 years$1,149$676$381$208$111$41
46 years$1,111$645$358$192$101$36
47 years$1,075$616$336$178$91$32
48 years$1,041$588$316$164$83$28
49 years$1,008$561$297$152$75$25
50 years$976$536$279$140$69$22

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 $2,969 every year, while hoping to spend $23,362 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: 57/35/8 Blend
48$1,000,000$1,000,000$1,000,000$1,000,000
49$1,105,063$1,052,063$1,036,563$1,165,863
50$1,192,922$1,078,757$1,046,430$1,233,844
51$1,288,960$1,105,976$1,055,846$1,305,003
52$1,393,986$1,133,721$1,064,769$1,381,961
53$1,508,892$1,161,992$1,073,158$1,465,277
54$1,634,659$1,190,790$1,080,969$1,555,562
55$1,772,368$1,220,112$1,088,155$1,653,491
56$1,923,208$1,249,957$1,094,667$1,759,807
57$2,088,492$1,280,321$1,100,454$1,875,329
58$2,269,661$1,311,200$1,105,463$2,000,955
59$2,468,306$1,342,588$1,109,636$2,137,680
60$2,686,178$1,374,480$1,112,913$2,286,594
61$2,925,205$1,406,866$1,115,232$2,448,903
62$3,187,511$1,439,738$1,116,528$2,625,930
63$3,475,437$1,473,085$1,116,731$2,819,136
64$3,791,559$1,506,893$1,115,770$3,030,130
65$4,138,718$1,541,150$1,113,567$3,260,683
66$4,520,039$1,575,839$1,110,044$3,512,748
67$4,938,969$1,610,941$1,105,116$3,788,476
68$5,399,303$1,646,437$1,098,697$4,090,235
69$5,905,223$1,682,303$1,090,695$4,420,637
70$6,461,336$1,718,516$1,081,012$4,782,558
71$7,072,716$1,755,047$1,069,550$5,179,169
72$7,744,955$1,791,866$1,056,202$5,613,961
73$8,484,213$1,828,940$1,040,858$6,090,782
74$9,297,278$1,866,233$1,023,401$6,613,874
75$10,191,627$1,903,705$1,003,712$7,187,909
76$11,175,499$1,941,313$981,663$7,818,036
77$12,257,973$1,979,010$957,121$8,509,929
78$13,449,050$2,016,746$929,948$9,269,841
79$14,759,751$2,054,464$900,000$10,104,662
80$16,202,218$2,092,106$867,123$11,021,986
81$17,789,832$2,129,607$831,159$12,030,180
82$19,537,335$2,166,898$791,943$13,138,465
83$21,460,971$2,203,903$749,301$14,357,003
84$23,578,639$2,240,543$703,051$15,696,993
85$25,910,061$2,276,731$653,004$17,170,776
86$28,476,970$2,312,373$598,962$18,791,953
87$31,303,312$2,347,371$540,719$20,575,512
88$34,415,474$2,381,617$478,058$22,537,970
89$37,842,533$2,414,996$410,753$24,697,532
90$41,616,527$2,447,386$338,568$27,074,257
91$45,772,761$2,478,657$261,259$29,690,254
92$50,350,138$2,508,667$178,567$32,569,886
93$55,391,528$2,537,266$90,224$35,740,006
94$60,944,167$2,564,297$0$39,230,202
95$67,060,112$2,589,586$0$43,073,433
96$73,796,721$2,612,954$0$47,313,531
97$81,217,203$2,634,206$0$51,982,420
98$89,391,211$2,653,135$0$57,123,775
99$98,395,499$2,669,522$0$62,785,729
100$108,314,644$2,683,134$0$69,021,321