Can I retire at age 49 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$83,405$82,662$81,937$81,230$80,539$77,374
2 years$41,290$40,521$39,775$39,053$38,352$35,202
3 years$27,253$26,481$25,737$25,021$24,332$21,296
4 years$20,236$19,466$18,730$18,027$17,354$14,455
5 years$16,027$15,262$14,535$13,846$13,192$10,438
6 years$13,222$12,462$11,747$11,073$10,438$7,831
7 years$11,219$10,466$9,762$9,104$8,489$6,028
8 years$9,717$8,971$8,279$7,637$7,043$4,724
9 years$8,550$7,811$7,130$6,505$5,931$3,752
10 years$7,617$6,885$6,216$5,607$5,053$3,010
11 years$6,854$6,129$5,473$4,880$4,346$2,434
12 years$6,219$5,501$4,857$4,280$3,766$1,979
13 years$5,681$4,972$4,339$3,779$3,284$1,618
14 years$5,221$4,519$3,899$3,355$2,879$1,327
15 years$4,823$4,128$3,520$2,992$2,535$1,092
16 years$4,475$3,788$3,192$2,679$2,240$901
17 years$4,168$3,488$2,904$2,407$1,986$745
18 years$3,895$3,223$2,651$2,169$1,766$617
19 years$3,652$2,987$2,427$1,960$1,574$511
20 years$3,433$2,776$2,227$1,775$1,406$425
21 years$3,235$2,586$2,049$1,611$1,258$353
22 years$3,055$2,414$1,888$1,465$1,128$293
23 years$2,891$2,257$1,743$1,334$1,013$244
24 years$2,742$2,115$1,612$1,217$910$203
25 years$2,604$1,985$1,493$1,111$819$169
26 years$2,477$1,865$1,385$1,016$738$141
27 years$2,360$1,756$1,286$930$665$118
28 years$2,251$1,654$1,196$852$600$98
29 years$2,150$1,561$1,113$781$542$82
30 years$2,056$1,474$1,036$717$490$68
31 years$1,968$1,393$966$659$443$57
32 years$1,886$1,318$901$605$400$47
33 years$1,809$1,248$842$557$362$40
34 years$1,736$1,183$786$512$328$33
35 years$1,668$1,122$735$471$297$28
36 years$1,604$1,065$688$434$269$23
37 years$1,544$1,012$644$400$244$19
38 years$1,486$962$603$369$221$16
39 years$1,432$914$565$340$201$13
40 years$1,381$870$529$314$182$11
41 years$1,332$828$496$289$165$9
42 years$1,286$789$466$267$150$8
43 years$1,242$751$437$246$136$6
44 years$1,200$716$410$228$123$5
45 years$1,160$683$385$210$112$5
46 years$1,122$652$362$194$102$4
47 years$1,086$622$340$179$92$3
48 years$1,051$594$319$166$84$3
49 years$1,018$567$300$153$76$2
50 years$986$541$282$142$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,010,000, adding $5,364 every year, while hoping to spend $36,417 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: 54/34/12 Blend
48$1,010,000$1,010,000$1,010,000$1,010,000
49$1,118,553$1,065,023$1,049,368$1,175,203
50$1,193,898$1,078,462$1,045,774$1,227,741
51$1,275,708$1,091,338$1,040,840$1,280,498
52$1,364,603$1,103,587$1,034,481$1,337,073
53$1,461,267$1,115,137$1,026,611$1,397,837
54$1,566,451$1,125,914$1,017,137$1,463,200
55$1,680,982$1,135,837$1,005,964$1,533,614
56$1,805,770$1,144,820$992,992$1,609,576
57$1,941,816$1,152,774$978,115$1,691,637
58$2,090,222$1,159,601$961,223$1,780,406
59$2,252,202$1,165,199$942,200$1,876,553
60$2,429,090$1,169,457$920,928$1,980,818
61$2,622,356$1,172,259$897,278$2,094,019
62$2,833,619$1,173,482$871,119$2,217,059
63$3,064,659$1,172,994$842,313$2,350,935
64$3,317,439$1,170,656$810,715$2,496,744
65$3,594,119$1,166,319$776,174$2,655,703
66$3,897,076$1,159,825$738,533$2,829,150
67$4,228,930$1,151,009$697,626$3,018,564
68$4,592,565$1,139,693$653,281$3,225,577
69$4,991,158$1,125,689$605,318$3,451,990
70$5,428,208$1,108,799$553,547$3,699,791
71$5,907,566$1,088,812$497,772$3,971,174
72$6,433,479$1,065,504$437,788$4,268,559
73$7,010,619$1,038,639$373,380$4,594,618
74$7,644,137$1,007,968$304,323$4,952,296
75$8,339,705$973,224$230,383$5,344,848
76$9,103,570$934,127$151,317$5,775,859
77$9,942,616$890,381$66,867$6,249,290
78$10,864,425$841,672$0$6,769,507
79$11,877,349$787,667$0$7,344,306
80$12,990,592$728,015$0$7,985,354
81$14,214,290$662,346$0$8,689,981
82$15,559,614$590,267$0$9,464,695
83$17,038,867$511,363$0$10,316,668
84$18,665,608$425,196$0$11,253,813
85$20,454,773$331,304$0$12,284,853
86$22,422,819$229,197$0$13,419,406
87$24,587,878$118,359$0$14,668,078
88$26,969,928$0$0$16,042,562
89$29,590,981$0$0$17,556,410
90$32,475,289$0$0$19,271,148
91$35,649,577$0$0$21,158,394
92$39,143,290$0$0$23,235,670
93$42,988,871$0$0$25,522,280
94$47,222,069$0$0$28,039,496
95$51,882,277$0$0$30,810,758
96$57,012,897$0$0$33,861,892
97$62,661,758$0$0$37,221,358
98$68,881,559$0$0$40,920,514
99$75,730,371$0$0$44,993,915
100$83,272,184$0$0$49,479,638