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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$85,056$84,299$83,560$82,838$82,134$81,616
2 years$42,107$41,323$40,563$39,826$39,111$38,589
3 years$27,793$27,005$26,247$25,517$24,814$24,303
4 years$20,637$19,852$19,101$18,384$17,697$17,203
5 years$16,344$15,564$14,823$14,120$13,453$12,975
6 years$13,484$12,709$11,979$11,292$10,645$10,185
7 years$11,441$10,673$9,955$9,284$8,657$8,215
8 years$9,910$9,149$8,443$7,788$7,182$6,758
9 years$8,720$7,966$7,272$6,634$6,048$5,642
10 years$7,768$7,021$6,339$5,718$5,154$4,765
11 years$6,990$6,251$5,581$4,977$4,432$4,061
12 years$6,342$5,610$4,953$4,365$3,841$3,486
13 years$5,794$5,070$4,425$3,854$3,349$3,011
14 years$5,325$4,609$3,976$3,421$2,936$2,614
15 years$4,918$4,210$3,590$3,051$2,585$2,279
16 years$4,563$3,863$3,255$2,732$2,285$1,994
17 years$4,250$3,557$2,962$2,454$2,026$1,750
18 years$3,972$3,287$2,704$2,212$1,801$1,540
19 years$3,724$3,046$2,475$1,999$1,605$1,358
20 years$3,501$2,831$2,272$1,810$1,434$1,200
21 years$3,299$2,637$2,089$1,643$1,283$1,062
22 years$3,116$2,461$1,926$1,494$1,150$942
23 years$2,949$2,302$1,778$1,360$1,033$836
24 years$2,796$2,157$1,644$1,241$928$743
25 years$2,655$2,024$1,523$1,133$835$661
26 years$2,526$1,902$1,413$1,036$752$588
27 years$2,407$1,790$1,312$948$678$524
28 years$2,296$1,687$1,219$869$612$468
29 years$2,193$1,592$1,135$797$553$417
30 years$2,097$1,503$1,057$731$499$373
31 years$2,007$1,421$985$672$451$333
32 years$1,923$1,344$919$617$408$297
33 years$1,845$1,273$858$568$370$266
34 years$1,771$1,207$802$522$335$238
35 years$1,701$1,145$750$481$303$213
36 years$1,636$1,086$701$443$275$190
37 years$1,574$1,032$657$408$249$170
38 years$1,516$981$615$376$226$152
39 years$1,461$932$576$347$205$136
40 years$1,408$887$540$320$186$122
41 years$1,359$844$506$295$168$109
42 years$1,311$804$475$272$153$98
43 years$1,266$766$446$251$139$88
44 years$1,224$730$418$232$126$79
45 years$1,183$697$393$214$114$71
46 years$1,144$664$369$198$104$63
47 years$1,107$634$347$183$94$57
48 years$1,072$605$326$169$86$51
49 years$1,038$578$306$156$78$46
50 years$1,006$552$288$144$71$41

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 $6,065 every year, while hoping to spend $59,697 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: 66/9/25 Blend
48$1,030,000$1,030,000$1,030,000$1,030,000
49$1,141,316$1,086,726$1,070,761$1,208,857
50$1,194,213$1,076,458$1,043,114$1,244,806
51$1,250,505$1,063,687$1,012,541$1,276,803
52$1,310,475$1,048,226$978,879$1,310,429
53$1,374,433$1,029,878$941,961$1,345,846
54$1,442,718$1,008,436$901,610$1,383,238
55$1,515,704$983,678$857,643$1,422,806
56$1,593,798$955,370$809,866$1,464,775
57$1,677,447$923,265$758,078$1,509,397
58$1,767,143$887,102$702,070$1,556,948
59$1,863,424$846,601$641,622$1,607,738
60$1,966,880$801,472$576,503$1,662,110
61$2,078,160$751,403$506,474$1,720,444
62$2,197,977$696,066$431,286$1,783,164
63$2,327,112$635,115$350,675$1,850,737
64$2,466,425$568,182$264,370$1,923,683
65$2,616,858$494,882$172,085$2,002,580
66$2,779,451$414,803$73,522$2,088,065
67$2,955,341$327,515$0$2,180,847
68$3,145,782$232,560$0$2,290,157
69$3,352,151$129,455$0$2,429,897
70$3,575,964$17,691$0$2,581,485
71$3,818,885$0$0$2,746,083
72$4,082,746$0$0$2,935,197
73$4,369,563$0$0$3,142,725
74$4,681,552$0$0$3,368,527
75$5,021,152$0$0$3,614,376
76$5,391,046$0$0$3,882,224
77$5,794,189$0$0$4,174,216
78$6,233,830$0$0$4,492,715
79$6,713,546$0$0$4,840,322
80$7,237,275$0$0$5,219,899
81$7,809,352$0$0$5,634,598
82$8,434,547$0$0$6,087,888
83$9,118,114$0$0$6,583,589
84$9,865,837$0$0$7,125,904
85$10,684,085$0$0$7,719,466
86$11,579,870$0$0$8,369,373
87$12,560,914$0$0$9,081,240
88$13,635,721$0$0$9,861,250
89$14,813,657$0$0$10,716,214
90$16,105,036$0$0$11,653,631
91$17,521,218$0$0$12,681,762
92$19,074,715$0$0$13,809,705
93$20,779,307$0$0$15,047,482
94$22,650,176$0$0$16,406,132
95$24,704,042$0$0$17,897,814
96$26,959,324$0$0$19,535,923
97$29,436,311$0$0$21,335,214
98$32,157,357$0$0$23,311,941
99$35,147,083$0$0$25,484,011
100$38,432,616$0$0$27,871,151