Can I retire at age 49 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$84,231$83,480$82,748$82,034$81,336$80,154
2 years$41,698$40,922$40,169$39,439$38,732$37,543
3 years$27,523$26,743$25,992$25,269$24,573$23,415
4 years$20,436$19,659$18,916$18,205$17,526$16,407
5 years$16,186$15,413$14,679$13,983$13,323$12,247
6 years$13,353$12,586$11,863$11,182$10,542$9,510
7 years$11,330$10,569$9,858$9,194$8,573$7,586
8 years$9,814$9,060$8,361$7,712$7,112$6,169
9 years$8,635$7,888$7,201$6,569$5,990$5,090
10 years$7,692$6,953$6,278$5,663$5,103$4,247
11 years$6,922$6,190$5,527$4,928$4,389$3,575
12 years$6,280$5,556$4,905$4,323$3,804$3,031
13 years$5,738$5,021$4,382$3,816$3,317$2,584
14 years$5,273$4,564$3,938$3,388$2,907$2,214
15 years$4,871$4,169$3,555$3,021$2,560$1,904
16 years$4,519$3,825$3,223$2,705$2,262$1,643
17 years$4,209$3,523$2,933$2,431$2,006$1,422
18 years$3,934$3,255$2,677$2,190$1,784$1,234
19 years$3,688$3,017$2,451$1,979$1,590$1,072
20 years$3,467$2,803$2,249$1,793$1,420$934
21 years$3,267$2,611$2,069$1,627$1,271$814
22 years$3,085$2,438$1,907$1,479$1,139$711
23 years$2,920$2,280$1,761$1,347$1,023$622
24 years$2,769$2,136$1,628$1,229$919$544
25 years$2,630$2,005$1,508$1,122$827$477
26 years$2,502$1,884$1,399$1,026$745$418
27 years$2,383$1,773$1,299$939$672$366
28 years$2,273$1,671$1,208$860$606$321
29 years$2,171$1,576$1,124$789$547$282
30 years$2,076$1,488$1,047$724$494$248
31 years$1,988$1,407$976$665$447$218
32 years$1,905$1,331$910$611$404$191
33 years$1,827$1,261$850$562$366$168
34 years$1,754$1,195$794$517$331$148
35 years$1,685$1,133$743$476$300$130
36 years$1,620$1,076$695$438$272$115
37 years$1,559$1,022$650$404$246$101
38 years$1,501$971$609$372$223$89
39 years$1,446$923$570$343$203$78
40 years$1,395$879$535$317$184$69
41 years$1,345$836$501$292$167$61
42 years$1,299$796$470$270$151$53
43 years$1,254$759$441$249$137$47
44 years$1,212$723$414$230$125$41
45 years$1,172$690$389$212$113$36
46 years$1,133$658$365$196$103$32
47 years$1,097$628$343$181$93$28
48 years$1,061$599$323$167$85$25
49 years$1,028$572$303$155$77$22
50 years$996$547$285$143$70$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,020,000, adding $2,613 every year, while hoping to spend $45,534 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: 70/6/24 Blend
48$1,020,000$1,020,000$1,020,000$1,020,000
49$1,126,735$1,072,675$1,056,865$1,198,601
50$1,193,214$1,076,789$1,043,822$1,251,120
51$1,264,948$1,079,577$1,028,817$1,303,034
52$1,342,425$1,080,928$1,011,734$1,358,777
53$1,426,181$1,080,722$992,455$1,418,725
54$1,516,804$1,078,831$970,856$1,483,294
55$1,614,944$1,075,119$946,805$1,552,942
56$1,721,311$1,069,443$920,166$1,628,176
57$1,836,690$1,061,651$890,797$1,709,555
58$1,961,942$1,051,581$858,548$1,797,698
59$2,098,013$1,039,062$823,262$1,893,284
60$2,245,946$1,023,912$784,777$1,997,066
61$2,406,888$1,005,938$742,922$2,109,875
62$2,582,098$984,937$697,518$2,232,626
63$2,772,966$960,693$648,379$2,366,329
64$2,981,019$932,977$595,310$2,512,101
65$3,207,937$901,547$538,106$2,671,173
66$3,455,570$866,147$476,557$2,844,903
67$3,725,956$826,505$410,439$3,034,790
68$4,021,335$782,336$339,521$3,242,488
69$4,344,176$733,335$263,559$3,469,821
70$4,697,196$679,182$182,302$3,718,804
71$5,083,386$619,538$95,485$3,991,657
72$5,506,040$554,044$2,833$4,290,829
73$5,968,785$482,322$0$4,619,026
74$6,475,617$403,971$0$5,003,822
75$7,030,932$318,568$0$5,426,285
76$7,639,576$225,666$0$5,889,396
77$8,306,883$124,795$0$6,397,242
78$9,038,731$15,455$0$6,954,323
79$9,841,589$0$0$7,565,598
80$10,722,588$0$0$8,243,322
81$11,689,579$0$0$8,988,375
82$12,751,212$0$0$9,806,406
83$13,917,014$0$0$10,704,765
84$15,197,481$0$0$11,691,546
85$16,604,176$0$0$12,775,669
86$18,149,834$0$0$13,966,957
87$19,848,488$0$0$15,276,233
88$21,715,598$0$0$16,715,422
89$23,768,193$0$0$18,297,661
90$26,025,038$0$0$20,037,421
91$28,506,804$0$0$21,950,649
92$31,236,268$0$0$24,054,913
93$34,238,522$0$0$26,369,569
94$37,541,215$0$0$28,915,943
95$41,174,810$0$0$31,717,532
96$45,172,869$0$0$34,800,227
97$49,572,375$0$0$38,192,552
98$54,414,075$0$0$41,925,941
99$59,742,865$0$0$46,035,024
100$65,608,216$0$0$50,557,961