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%16%
1 years$83,405$82,662$81,937$81,230$80,539$78,560
2 years$41,290$40,521$39,775$39,053$38,352$36,370
3 years$27,253$26,481$25,737$25,021$24,332$22,410
4 years$20,236$19,466$18,730$18,027$17,354$15,506
5 years$16,027$15,262$14,535$13,846$13,192$11,423
6 years$13,222$12,462$11,747$11,073$10,438$8,751
7 years$11,219$10,466$9,762$9,104$8,489$6,883
8 years$9,717$8,971$8,279$7,637$7,043$5,517
9 years$8,550$7,811$7,130$6,505$5,931$4,484
10 years$7,617$6,885$6,216$5,607$5,053$3,685
11 years$6,854$6,129$5,473$4,880$4,346$3,053
12 years$6,219$5,501$4,857$4,280$3,766$2,546
13 years$5,681$4,972$4,339$3,779$3,284$2,136
14 years$5,221$4,519$3,899$3,355$2,879$1,799
15 years$4,823$4,128$3,520$2,992$2,535$1,521
16 years$4,475$3,788$3,192$2,679$2,240$1,289
17 years$4,168$3,488$2,904$2,407$1,986$1,096
18 years$3,895$3,223$2,651$2,169$1,766$934
19 years$3,652$2,987$2,427$1,960$1,574$797
20 years$3,433$2,776$2,227$1,775$1,406$681
21 years$3,235$2,586$2,049$1,611$1,258$583
22 years$3,055$2,414$1,888$1,465$1,128$499
23 years$2,891$2,257$1,743$1,334$1,013$428
24 years$2,742$2,115$1,612$1,217$910$367
25 years$2,604$1,985$1,493$1,111$819$315
26 years$2,477$1,865$1,385$1,016$738$271
27 years$2,360$1,756$1,286$930$665$233
28 years$2,251$1,654$1,196$852$600$200
29 years$2,150$1,561$1,113$781$542$172
30 years$2,056$1,474$1,036$717$490$148
31 years$1,968$1,393$966$659$443$127
32 years$1,886$1,318$901$605$400$110
33 years$1,809$1,248$842$557$362$95
34 years$1,736$1,183$786$512$328$81
35 years$1,668$1,122$735$471$297$70
36 years$1,604$1,065$688$434$269$60
37 years$1,544$1,012$644$400$244$52
38 years$1,486$962$603$369$221$45
39 years$1,432$914$565$340$201$39
40 years$1,381$870$529$314$182$33
41 years$1,332$828$496$289$165$29
42 years$1,286$789$466$267$150$25
43 years$1,242$751$437$246$136$21
44 years$1,200$716$410$228$123$18
45 years$1,160$683$385$210$112$16
46 years$1,122$652$362$194$102$14
47 years$1,086$622$340$179$92$12
48 years$1,051$594$319$166$84$10
49 years$1,018$567$300$153$76$9
50 years$986$541$282$142$69$8

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 $5,582 every year, while hoping to spend $57,756 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: 46/37/17 Blend
48$1,010,000$1,010,000$1,010,000$1,010,000
49$1,118,778$1,065,248$1,049,593$1,164,586
50$1,171,441$1,055,993$1,023,302$1,187,826
51$1,227,541$1,044,349$994,195$1,206,768
52$1,287,365$1,030,138$962,116$1,226,083
53$1,351,233$1,013,171$926,903$1,245,832
54$1,419,490$993,247$888,386$1,266,084
55$1,492,518$970,157$846,387$1,286,917
56$1,570,734$943,674$800,721$1,308,424
57$1,654,597$913,562$751,193$1,330,712
58$1,744,609$879,570$697,601$1,353,901
59$1,841,322$841,431$639,733$1,378,132
60$1,945,339$798,864$577,367$1,403,563
61$2,057,328$751,572$510,272$1,430,375
62$2,178,016$699,239$438,207$1,458,774
63$2,308,206$641,534$360,919$1,488,992
64$2,448,778$578,105$278,145$1,521,294
65$2,600,700$508,579$189,610$1,555,978
66$2,765,036$432,564$95,027$1,593,380
67$2,942,955$349,645$0$1,633,879
68$3,135,742$259,383$0$1,678,974
69$3,344,810$161,315$0$1,746,537
70$3,571,714$54,953$0$1,819,910
71$3,818,163$0$0$1,899,760
72$4,086,036$0$0$2,011,345
73$4,377,403$0$0$2,157,157
74$4,694,539$0$0$2,315,971
75$5,039,948$0$0$2,489,057
76$5,416,386$0$0$2,677,808
77$5,826,885$0$0$2,883,760
78$6,274,782$0$0$3,108,604
79$6,763,752$0$0$3,354,198
80$7,297,839$0$0$3,622,590
81$7,881,494$0$0$3,916,037
82$8,519,619$0$0$4,237,019
83$9,217,610$0$0$4,588,270
84$9,981,410$0$0$4,972,799
85$10,817,561$0$0$5,393,921
86$11,733,268$0$0$5,855,285
87$12,736,465$0$0$6,360,911
88$13,835,890$0$0$6,915,224
89$15,041,166$0$0$7,523,101
90$16,362,892$0$0$8,189,911
91$17,812,740$0$0$8,921,568
92$19,403,569$0$0$9,724,587
93$21,149,542$0$0$10,606,144
94$23,066,258$0$0$11,574,144
95$25,170,903$0$0$12,637,294
96$27,482,405$0$0$13,805,187
97$30,021,619$0$0$15,088,391
98$32,811,518$0$0$16,498,545
99$35,877,408$0$0$18,048,477
100$39,247,171$0$0$19,752,315