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%17%
1 years$83,405$82,662$81,937$81,230$80,539$78,243
2 years$41,290$40,521$39,775$39,053$38,352$36,057
3 years$27,253$26,481$25,737$25,021$24,332$22,109
4 years$20,236$19,466$18,730$18,027$17,354$15,221
5 years$16,027$15,262$14,535$13,846$13,192$11,155
6 years$13,222$12,462$11,747$11,073$10,438$8,498
7 years$11,219$10,466$9,762$9,104$8,489$6,647
8 years$9,717$8,971$8,279$7,637$7,043$5,296
9 years$8,550$7,811$7,130$6,505$5,931$4,279
10 years$7,617$6,885$6,216$5,607$5,053$3,494
11 years$6,854$6,129$5,473$4,880$4,346$2,877
12 years$6,219$5,501$4,857$4,280$3,766$2,384
13 years$5,681$4,972$4,339$3,779$3,284$1,986
14 years$5,221$4,519$3,899$3,355$2,879$1,661
15 years$4,823$4,128$3,520$2,992$2,535$1,394
16 years$4,475$3,788$3,192$2,679$2,240$1,174
17 years$4,168$3,488$2,904$2,407$1,986$991
18 years$3,895$3,223$2,651$2,169$1,766$838
19 years$3,652$2,987$2,427$1,960$1,574$709
20 years$3,433$2,776$2,227$1,775$1,406$602
21 years$3,235$2,586$2,049$1,611$1,258$511
22 years$3,055$2,414$1,888$1,465$1,128$434
23 years$2,891$2,257$1,743$1,334$1,013$369
24 years$2,742$2,115$1,612$1,217$910$314
25 years$2,604$1,985$1,493$1,111$819$268
26 years$2,477$1,865$1,385$1,016$738$228
27 years$2,360$1,756$1,286$930$665$195
28 years$2,251$1,654$1,196$852$600$166
29 years$2,150$1,561$1,113$781$542$142
30 years$2,056$1,474$1,036$717$490$121
31 years$1,968$1,393$966$659$443$103
32 years$1,886$1,318$901$605$400$88
33 years$1,809$1,248$842$557$362$75
34 years$1,736$1,183$786$512$328$64
35 years$1,668$1,122$735$471$297$55
36 years$1,604$1,065$688$434$269$47
37 years$1,544$1,012$644$400$244$40
38 years$1,486$962$603$369$221$34
39 years$1,432$914$565$340$201$29
40 years$1,381$870$529$314$182$25
41 years$1,332$828$496$289$165$21
42 years$1,286$789$466$267$150$18
43 years$1,242$751$437$246$136$16
44 years$1,200$716$410$228$123$13
45 years$1,160$683$385$210$112$11
46 years$1,122$652$362$194$102$10
47 years$1,086$622$340$179$92$8
48 years$1,051$594$319$166$84$7
49 years$1,018$567$300$153$76$6
50 years$986$541$282$142$69$5

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 $5,644 every year, while hoping to spend $54,158 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: 75/10/15 Blend
48$1,010,000$1,010,000$1,010,000$1,010,000
49$1,118,842$1,065,312$1,049,657$1,198,694
50$1,175,340$1,059,888$1,027,197$1,246,822
51$1,235,786$1,052,384$1,002,169$1,292,270
52$1,300,525$1,042,640$974,430$1,340,617
53$1,369,936$1,030,487$943,831$1,392,133
54$1,444,435$1,015,746$910,215$1,447,121
55$1,524,478$998,228$873,418$1,505,912
56$1,610,565$977,732$833,268$1,568,872
57$1,703,247$954,045$789,587$1,636,407
58$1,803,128$926,943$742,188$1,708,962
59$1,910,870$896,186$690,874$1,787,030
60$2,027,202$861,522$635,441$1,871,156
61$2,152,925$822,685$575,677$1,961,941
62$2,288,918$779,392$511,357$2,060,048
63$2,436,149$731,344$442,249$2,166,208
64$2,595,681$678,224$368,109$2,281,231
65$2,768,684$619,700$288,684$2,406,007
66$2,956,442$555,418$203,708$2,541,522
67$3,160,370$485,005$112,903$2,688,864
68$3,382,024$408,066$15,981$2,849,230
69$3,623,114$324,185$0$3,023,945
70$3,885,523$232,922$0$3,228,468
71$4,171,323$133,811$0$3,454,054
72$4,482,793$26,363$0$3,699,973
73$4,822,442$0$0$3,968,246
74$5,193,030$0$0$4,270,994
75$5,597,598$0$0$4,604,706
76$6,039,490$0$0$4,969,246
77$6,522,390$0$0$5,367,657
78$7,050,352$0$0$5,803,290
79$7,627,840$0$0$6,279,834
80$8,259,771$0$0$6,801,350
81$8,951,555$0$0$7,372,312
82$9,709,155$0$0$7,997,644
83$10,539,132$0$0$8,682,771
84$11,448,716$0$0$9,433,666
85$12,445,868$0$0$10,256,907
86$13,539,354$0$0$11,159,741
87$14,738,832$0$0$12,150,148
88$16,054,939$0$0$13,236,918
89$17,499,390$0$0$14,429,733
90$19,085,090$0$0$15,739,259
91$20,826,256$0$0$17,177,244
92$22,738,548$0$0$18,756,630
93$24,839,215$0$0$20,491,673
94$27,147,263$0$0$22,398,079
95$29,683,626$0$0$24,493,151
96$32,471,370$0$0$26,795,950
97$35,535,904$0$0$29,327,476
98$38,905,223$0$0$32,110,865
99$42,610,170$0$0$35,171,608
100$46,684,724$0$0$38,537,787