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%19.9%
1 years$85,056$84,299$83,560$82,838$82,134$78,875
2 years$42,107$41,323$40,563$39,826$39,111$35,869
3 years$27,793$27,005$26,247$25,517$24,814$21,689
4 years$20,637$19,852$19,101$18,384$17,697$14,715
5 years$16,344$15,564$14,823$14,120$13,453$10,620
6 years$13,484$12,709$11,979$11,292$10,645$7,963
7 years$11,441$10,673$9,955$9,284$8,657$6,126
8 years$9,910$9,149$8,443$7,788$7,182$4,798
9 years$8,720$7,966$7,272$6,634$6,048$3,809
10 years$7,768$7,021$6,339$5,718$5,154$3,054
11 years$6,990$6,251$5,581$4,977$4,432$2,467
12 years$6,342$5,610$4,953$4,365$3,841$2,005
13 years$5,794$5,070$4,425$3,854$3,349$1,638
14 years$5,325$4,609$3,976$3,421$2,936$1,343
15 years$4,918$4,210$3,590$3,051$2,585$1,104
16 years$4,563$3,863$3,255$2,732$2,285$910
17 years$4,250$3,557$2,962$2,454$2,026$752
18 years$3,972$3,287$2,704$2,212$1,801$622
19 years$3,724$3,046$2,475$1,999$1,605$516
20 years$3,501$2,831$2,272$1,810$1,434$428
21 years$3,299$2,637$2,089$1,643$1,283$355
22 years$3,116$2,461$1,926$1,494$1,150$295
23 years$2,949$2,302$1,778$1,360$1,033$245
24 years$2,796$2,157$1,644$1,241$928$204
25 years$2,655$2,024$1,523$1,133$835$170
26 years$2,526$1,902$1,413$1,036$752$141
27 years$2,407$1,790$1,312$948$678$118
28 years$2,296$1,687$1,219$869$612$98
29 years$2,193$1,592$1,135$797$553$82
30 years$2,097$1,503$1,057$731$499$68
31 years$2,007$1,421$985$672$451$57
32 years$1,923$1,344$919$617$408$47
33 years$1,845$1,273$858$568$370$39
34 years$1,771$1,207$802$522$335$33
35 years$1,701$1,145$750$481$303$27
36 years$1,636$1,086$701$443$275$23
37 years$1,574$1,032$657$408$249$19
38 years$1,516$981$615$376$226$16
39 years$1,461$932$576$347$205$13
40 years$1,408$887$540$320$186$11
41 years$1,359$844$506$295$168$9
42 years$1,311$804$475$272$153$8
43 years$1,266$766$446$251$139$6
44 years$1,224$730$418$232$126$5
45 years$1,183$697$393$214$114$4
46 years$1,144$664$369$198$104$4
47 years$1,107$634$347$183$94$3
48 years$1,072$605$326$169$86$3
49 years$1,038$578$306$156$78$2
50 years$1,006$552$288$144$71$2

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 $5,668 every year, while hoping to spend $56,241 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: 21/49/30 Blend
48$1,030,000$1,030,000$1,030,000$1,030,000
49$1,140,907$1,086,317$1,070,352$1,153,944
50$1,197,439$1,079,706$1,046,368$1,159,837
51$1,257,853$1,070,887$1,019,697$1,161,120
52$1,322,485$1,059,691$990,187$1,161,281
53$1,391,703$1,045,941$957,684$1,160,265
54$1,465,913$1,029,448$922,022$1,158,020
55$1,545,559$1,010,014$883,033$1,154,491
56$1,631,127$987,426$840,536$1,149,629
57$1,723,153$961,460$794,344$1,143,384
58$1,822,223$931,881$744,264$1,135,709
59$1,928,983$898,436$690,090$1,126,562
60$2,044,141$860,861$631,609$1,115,903
61$2,168,474$818,874$568,599$1,103,701
62$2,302,838$772,178$500,826$1,089,928
63$2,448,172$720,459$428,048$1,074,564
64$2,605,509$663,385$350,012$1,057,600
65$2,775,985$600,605$266,451$1,039,035
66$2,960,847$531,747$177,089$1,018,882
67$3,161,470$456,419$81,638$997,168
68$3,379,363$374,206$0$973,935
69$3,616,186$284,671$0$955,720
70$3,873,768$187,350$0$964,441
71$4,154,117$81,756$0$974,151
72$4,459,447$0$0$985,096
73$4,792,192$0$0$1,015,151
74$5,155,030$0$0$1,096,162
75$5,550,909$0$0$1,184,727
76$5,983,075$0$0$1,281,593
77$6,455,100$0$0$1,387,584
78$6,970,916$0$0$1,503,607
79$7,534,854$0$0$1,630,661
80$8,151,681$0$0$1,769,846
81$8,826,644$0$0$1,922,373
82$9,565,523$0$0$2,089,575
83$10,374,682$0$0$2,272,922
84$11,261,131$0$0$2,474,032
85$12,232,586$0$0$2,694,688
86$13,297,549$0$0$2,936,852
87$14,465,381$0$0$3,202,687
88$15,746,393$0$0$3,494,575
89$17,151,943$0$0$3,815,140
90$18,694,541$0$0$4,167,271
91$20,387,967$0$0$4,554,155
92$22,247,399$0$0$4,979,298
93$24,289,560$0$0$5,446,565
94$26,532,867$0$0$5,960,214
95$28,997,614$0$0$6,524,935
96$31,706,155$0$0$7,145,896
97$34,683,116$0$0$7,828,791
98$37,955,630$0$0$8,579,892
99$41,553,587$0$0$9,406,112
100$45,509,921$0$0$10,315,064