Can I retire at age 49 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$85,056$84,299$83,560$82,838$82,134$80,740
2 years$42,107$41,323$40,563$39,826$39,111$37,711
3 years$27,793$27,005$26,247$25,517$24,814$23,451
4 years$20,637$19,852$19,101$18,384$17,697$16,383
5 years$16,344$15,564$14,823$14,120$13,453$12,190
6 years$13,484$12,709$11,979$11,292$10,645$9,435
7 years$11,441$10,673$9,955$9,284$8,657$7,501
8 years$9,910$9,149$8,443$7,788$7,182$6,079
9 years$8,720$7,966$7,272$6,634$6,048$4,998
10 years$7,768$7,021$6,339$5,718$5,154$4,155
11 years$6,990$6,251$5,581$4,977$4,432$3,484
12 years$6,342$5,610$4,953$4,365$3,841$2,943
13 years$5,794$5,070$4,425$3,854$3,349$2,499
14 years$5,325$4,609$3,976$3,421$2,936$2,132
15 years$4,918$4,210$3,590$3,051$2,585$1,827
16 years$4,563$3,863$3,255$2,732$2,285$1,570
17 years$4,250$3,557$2,962$2,454$2,026$1,353
18 years$3,972$3,287$2,704$2,212$1,801$1,168
19 years$3,724$3,046$2,475$1,999$1,605$1,011
20 years$3,501$2,831$2,272$1,810$1,434$877
21 years$3,299$2,637$2,089$1,643$1,283$761
22 years$3,116$2,461$1,926$1,494$1,150$662
23 years$2,949$2,302$1,778$1,360$1,033$576
24 years$2,796$2,157$1,644$1,241$928$501
25 years$2,655$2,024$1,523$1,133$835$437
26 years$2,526$1,902$1,413$1,036$752$381
27 years$2,407$1,790$1,312$948$678$333
28 years$2,296$1,687$1,219$869$612$291
29 years$2,193$1,592$1,135$797$553$254
30 years$2,097$1,503$1,057$731$499$222
31 years$2,007$1,421$985$672$451$194
32 years$1,923$1,344$919$617$408$170
33 years$1,845$1,273$858$568$370$148
34 years$1,771$1,207$802$522$335$130
35 years$1,701$1,145$750$481$303$114
36 years$1,636$1,086$701$443$275$99
37 years$1,574$1,032$657$408$249$87
38 years$1,516$981$615$376$226$76
39 years$1,461$932$576$347$205$67
40 years$1,408$887$540$320$186$58
41 years$1,359$844$506$295$168$51
42 years$1,311$804$475$272$153$45
43 years$1,266$766$446$251$139$39
44 years$1,224$730$418$232$126$34
45 years$1,183$697$393$214$114$30
46 years$1,144$664$369$198$104$26
47 years$1,107$634$347$183$94$23
48 years$1,072$605$326$169$86$20
49 years$1,038$578$306$156$78$18
50 years$1,006$552$288$144$71$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,030,000, adding $6,305 every year, while hoping to spend $46,927 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: 53/34/13 Blend
48$1,030,000$1,030,000$1,030,000$1,030,000
49$1,141,564$1,086,974$1,071,009$1,197,829
50$1,208,073$1,090,305$1,056,957$1,240,212
51$1,279,794$1,092,228$1,040,863$1,280,742
52$1,357,208$1,092,622$1,022,607$1,323,766
53$1,440,844$1,091,362$1,002,065$1,369,531
54$1,531,286$1,088,314$979,110$1,418,313
55$1,629,172$1,083,336$953,605$1,470,415
56$1,735,205$1,076,277$925,409$1,526,178
57$1,850,160$1,066,979$894,374$1,585,974
58$1,974,886$1,055,270$860,345$1,650,220
59$2,110,318$1,040,972$823,160$1,719,377
60$2,257,485$1,023,895$782,651$1,793,954
61$2,417,519$1,003,835$738,639$1,874,516
62$2,591,663$980,581$690,942$1,961,691
63$2,781,289$953,905$639,364$2,056,171
64$2,987,902$923,569$583,705$2,158,724
65$3,213,162$889,317$523,753$2,270,201
66$3,458,895$850,884$459,288$2,391,543
67$3,727,108$807,983$390,080$2,523,790
68$4,020,015$760,316$315,890$2,668,096
69$4,340,049$707,564$236,465$2,825,736
70$4,689,892$649,393$151,544$2,998,121
71$5,072,494$585,446$60,854$3,186,812
72$5,491,105$515,349$0$3,393,533
73$5,949,302$438,706$0$3,625,178
74$6,451,026$355,098$0$3,888,205
75$7,000,615$264,082$0$4,176,540
76$7,602,847$165,192$0$4,492,807
77$8,262,984$57,933$0$4,839,903
78$8,986,822$0$0$5,221,026
79$9,780,742$0$0$5,661,490
80$10,651,777$0$0$6,168,618
81$11,607,669$0$0$6,725,258
82$12,656,948$0$0$7,336,389
83$13,809,011$0$0$8,007,498
84$15,074,207$0$0$8,744,628
85$16,463,939$0$0$9,554,437
86$17,990,766$0$0$10,444,258
87$19,668,526$0$0$11,422,173
88$21,512,463$0$0$12,497,082
89$23,539,371$0$0$13,678,792
90$25,767,751$0$0$14,978,107
91$28,217,988$0$0$16,406,930
92$30,912,540$0$0$17,978,377
93$33,876,150$0$0$19,706,896
94$37,136,080$0$0$21,608,409
95$40,722,366$0$0$23,700,454
96$44,668,104$0$0$26,002,361
97$49,009,756$0$0$28,535,422
98$53,787,501$0$0$31,323,101
99$59,045,606$0$0$34,391,251
100$64,832,849$0$0$37,768,358