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

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$83,405$82,662$81,937$81,230$80,539$77,496
2 years$41,290$40,521$39,775$39,053$38,352$35,322
3 years$27,253$26,481$25,737$25,021$24,332$21,410
4 years$20,236$19,466$18,730$18,027$17,354$14,562
5 years$16,027$15,262$14,535$13,846$13,192$10,538
6 years$13,222$12,462$11,747$11,073$10,438$7,923
7 years$11,219$10,466$9,762$9,104$8,489$6,112
8 years$9,717$8,971$8,279$7,637$7,043$4,802
9 years$8,550$7,811$7,130$6,505$5,931$3,823
10 years$7,617$6,885$6,216$5,607$5,053$3,075
11 years$6,854$6,129$5,473$4,880$4,346$2,493
12 years$6,219$5,501$4,857$4,280$3,766$2,033
13 years$5,681$4,972$4,339$3,779$3,284$1,666
14 years$5,221$4,519$3,899$3,355$2,879$1,371
15 years$4,823$4,128$3,520$2,992$2,535$1,131
16 years$4,475$3,788$3,192$2,679$2,240$936
17 years$4,168$3,488$2,904$2,407$1,986$776
18 years$3,895$3,223$2,651$2,169$1,766$645
19 years$3,652$2,987$2,427$1,960$1,574$536
20 years$3,433$2,776$2,227$1,775$1,406$446
21 years$3,235$2,586$2,049$1,611$1,258$372
22 years$3,055$2,414$1,888$1,465$1,128$310
23 years$2,891$2,257$1,743$1,334$1,013$259
24 years$2,742$2,115$1,612$1,217$910$216
25 years$2,604$1,985$1,493$1,111$819$181
26 years$2,477$1,865$1,385$1,016$738$151
27 years$2,360$1,756$1,286$930$665$126
28 years$2,251$1,654$1,196$852$600$106
29 years$2,150$1,561$1,113$781$542$88
30 years$2,056$1,474$1,036$717$490$74
31 years$1,968$1,393$966$659$443$62
32 years$1,886$1,318$901$605$400$52
33 years$1,809$1,248$842$557$362$43
34 years$1,736$1,183$786$512$328$36
35 years$1,668$1,122$735$471$297$30
36 years$1,604$1,065$688$434$269$25
37 years$1,544$1,012$644$400$244$21
38 years$1,486$962$603$369$221$18
39 years$1,432$914$565$340$201$15
40 years$1,381$870$529$314$182$13
41 years$1,332$828$496$289$165$10
42 years$1,286$789$466$267$150$9
43 years$1,242$751$437$246$136$7
44 years$1,200$716$410$228$123$6
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$4
48 years$1,051$594$319$166$84$3
49 years$1,018$567$300$153$76$3
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 $6,461 every year, while hoping to spend $43,026 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: 85/5/10 Blend
48$1,010,000$1,010,000$1,010,000$1,010,000
49$1,119,685$1,066,155$1,050,500$1,212,681
50$1,188,113$1,072,617$1,039,912$1,280,874
51$1,262,079$1,077,954$1,027,528$1,349,291
52$1,342,102$1,082,064$1,013,241$1,423,126
53$1,428,754$1,084,842$996,941$1,502,895
54$1,522,661$1,086,174$978,513$1,589,169
55$1,624,514$1,085,938$957,835$1,682,577
56$1,735,072$1,084,007$934,780$1,783,808
57$1,855,170$1,080,244$909,216$1,893,625
58$1,985,726$1,074,505$881,004$2,012,866
59$2,127,751$1,066,636$849,998$2,142,455
60$2,282,356$1,056,476$816,048$2,283,408
61$2,450,765$1,043,852$778,993$2,436,847
62$2,634,323$1,028,580$738,669$2,604,004
63$2,834,511$1,010,468$694,902$2,786,241
64$3,052,961$989,310$647,511$2,985,055
65$3,291,466$964,890$596,306$3,202,096
66$3,552,002$936,977$541,089$3,439,182
67$3,836,745$905,327$481,654$3,698,317
68$4,148,088$869,683$417,785$3,981,708
69$4,488,669$829,773$349,256$4,291,787
70$4,861,388$785,307$275,831$4,631,233
71$5,269,444$735,981$197,266$5,003,000
72$5,716,356$681,473$113,303$5,410,341
73$6,205,999$621,440$23,674$5,856,843
74$6,742,644$555,523$0$6,346,455
75$7,330,990$483,341$0$6,891,211
76$7,976,217$404,490$0$7,491,425
77$8,684,027$318,546$0$8,149,888
78$9,460,702$225,059$0$8,872,460
79$10,313,161$123,554$0$9,665,597
80$11,249,026$13,532$0$10,536,413
81$12,276,694$0$0$11,492,744
82$13,405,411$0$0$12,549,031
83$14,645,368$0$0$13,710,252
84$16,007,787$0$0$14,986,176
85$17,505,033$0$0$16,388,384
86$19,150,729$0$0$17,929,637
87$20,959,881$0$0$19,623,992
88$22,949,024$0$0$21,486,934
89$25,136,374$0$0$23,535,528
90$27,542,000$0$0$25,788,572
91$30,188,013$0$0$28,266,777
92$33,098,777$0$0$30,992,964
93$36,301,133$0$0$33,992,275
94$39,824,658$0$0$37,292,414
95$43,701,938$0$0$40,923,905
96$47,968,878$0$0$44,920,379
97$52,665,040$0$0$49,318,894
98$57,834,016$0$0$54,160,282
99$63,523,837$0$0$59,489,533
100$69,787,429$0$0$65,356,222