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%14.3%
1 years$82,579$81,843$81,126$80,425$79,741$78,324
2 years$40,881$40,119$39,381$38,666$37,972$36,549
3 years$26,983$26,218$25,482$24,774$24,091$22,706
4 years$20,036$19,273$18,545$17,848$17,182$15,846
5 years$15,868$15,111$14,391$13,709$13,061$11,779
6 years$13,091$12,339$11,630$10,963$10,335$9,107
7 years$11,108$10,362$9,665$9,013$8,405$7,232
8 years$9,621$8,882$8,197$7,561$6,973$5,854
9 years$8,466$7,734$7,060$6,440$5,872$4,807
10 years$7,542$6,817$6,155$5,552$5,003$3,992
11 years$6,786$6,069$5,419$4,832$4,303$3,343
12 years$6,157$5,447$4,809$4,238$3,729$2,820
13 years$5,625$4,922$4,296$3,742$3,252$2,392
14 years$5,170$4,474$3,860$3,321$2,850$2,038
15 years$4,775$4,087$3,485$2,962$2,510$1,743
16 years$4,430$3,750$3,160$2,652$2,218$1,496
17 years$4,126$3,454$2,875$2,383$1,967$1,287
18 years$3,857$3,191$2,625$2,148$1,749$1,110
19 years$3,615$2,958$2,403$1,940$1,559$960
20 years$3,399$2,748$2,205$1,757$1,392$831
21 years$3,203$2,560$2,029$1,595$1,246$720
22 years$3,025$2,390$1,870$1,450$1,117$625
23 years$2,863$2,235$1,726$1,321$1,002$543
24 years$2,714$2,094$1,596$1,205$901$472
25 years$2,578$1,965$1,479$1,100$811$411
26 years$2,453$1,847$1,371$1,006$730$358
27 years$2,336$1,738$1,273$921$658$312
28 years$2,229$1,638$1,184$844$594$272
29 years$2,129$1,545$1,102$774$537$237
30 years$2,036$1,459$1,026$710$485$207
31 years$1,949$1,380$957$652$438$181
32 years$1,867$1,305$893$599$396$158
33 years$1,791$1,236$833$551$359$138
34 years$1,719$1,172$779$507$325$120
35 years$1,652$1,111$728$467$294$105
36 years$1,588$1,055$681$430$267$92
37 years$1,528$1,002$637$396$242$80
38 years$1,472$952$597$365$219$70
39 years$1,418$905$559$337$199$61
40 years$1,367$861$524$310$180$54
41 years$1,319$820$492$286$163$47
42 years$1,273$781$461$264$148$41
43 years$1,230$744$433$244$135$36
44 years$1,188$709$406$225$122$31
45 years$1,149$676$381$208$111$27
46 years$1,111$645$358$192$101$24
47 years$1,075$616$336$178$91$21
48 years$1,041$588$316$164$83$18
49 years$1,008$561$297$152$75$16
50 years$976$536$279$140$69$14

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 $4,899 every year, while hoping to spend $55,079 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: 63/10/27 Blend
48$1,000,000$1,000,000$1,000,000$1,000,000
49$1,107,053$1,054,053$1,038,553$1,168,561
50$1,161,369$1,047,098$1,014,741$1,203,874
51$1,219,379$1,037,956$988,285$1,235,951
52$1,281,402$1,026,463$959,039$1,269,794
53$1,347,787$1,012,441$926,849$1,305,582
54$1,418,917$995,707$891,555$1,343,519
55$1,495,213$976,063$852,988$1,383,829
56$1,577,135$953,300$810,973$1,426,762
57$1,665,190$927,199$765,328$1,472,593
58$1,759,933$897,525$715,860$1,521,632
59$1,861,974$864,031$662,369$1,574,220
60$1,971,982$826,456$604,645$1,630,736
61$2,090,694$784,522$542,471$1,691,602
62$2,218,918$737,937$475,617$1,757,284
63$2,357,543$686,391$403,845$1,828,300
64$2,507,544$629,556$326,906$1,905,225
65$2,669,996$567,087$244,540$1,988,695
66$2,846,079$498,617$156,475$2,079,415
67$3,037,090$423,761$62,428$2,178,168
68$3,244,457$342,108$0$2,285,818
69$3,469,748$253,229$0$2,414,254
70$3,714,692$156,666$0$2,573,511
71$3,981,188$51,940$0$2,746,853
72$4,271,325$0$0$2,935,677
73$4,587,404$0$0$3,148,286
74$4,931,956$0$0$3,386,343
75$5,307,766$0$0$3,646,064
76$5,717,900$0$0$3,929,579
77$6,165,734$0$0$4,239,228
78$6,654,982$0$0$4,577,589
79$7,189,734$0$0$4,947,501
80$7,774,492$0$0$5,352,088
81$8,414,216$0$0$5,794,791
82$9,114,363$0$0$6,279,399
83$9,880,945$0$0$6,810,084
84$10,720,581$0$0$7,391,439
85$11,640,561$0$0$8,028,524
86$12,648,913$0$0$8,726,911
87$13,754,479$0$0$9,492,738
88$14,966,997$0$0$10,332,763
89$16,297,193$0$0$11,254,431
90$17,756,882$0$0$12,265,942
91$19,359,076$0$0$13,376,330
92$21,118,109$0$0$14,595,544
93$23,049,774$0$0$15,934,544
94$25,171,463$0$0$17,405,406
95$27,502,338$0$0$19,021,431
96$30,063,509$0$0$20,797,271
97$32,878,232$0$0$22,749,070
98$35,972,126$0$0$24,894,612
99$39,373,418$0$0$27,253,492
100$43,113,203$0$0$29,847,295