Can I retire at age 49 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$85,882$85,117$84,371$83,642$82,931$80,020
2 years$42,516$41,724$40,957$40,213$39,491$36,589
3 years$28,062$27,267$26,502$25,765$25,055$22,253
4 years$20,837$20,044$19,286$18,562$17,869$15,189
5 years$16,503$15,715$14,967$14,257$13,584$11,032
6 years$13,615$12,832$12,096$11,402$10,748$8,327
7 years$11,552$10,777$10,052$9,374$8,741$6,450
8 years$10,006$9,238$8,524$7,864$7,252$5,088
9 years$8,804$8,043$7,342$6,698$6,107$4,069
10 years$7,843$7,089$6,401$5,774$5,204$3,287
11 years$7,058$6,311$5,635$5,025$4,475$2,676
12 years$6,403$5,665$5,001$4,408$3,878$2,193
13 years$5,850$5,119$4,468$3,891$3,382$1,806
14 years$5,376$4,653$4,015$3,454$2,964$1,493
15 years$4,966$4,251$3,625$3,081$2,610$1,238
16 years$4,608$3,900$3,286$2,758$2,307$1,030
17 years$4,292$3,592$2,991$2,478$2,045$858
18 years$4,011$3,319$2,730$2,233$1,819$717
19 years$3,760$3,076$2,499$2,018$1,621$599
20 years$3,535$2,858$2,294$1,828$1,448$502
21 years$3,331$2,662$2,110$1,659$1,296$420
22 years$3,146$2,485$1,944$1,508$1,161$353
23 years$2,977$2,324$1,795$1,374$1,043$296
24 years$2,823$2,178$1,660$1,253$937$249
25 years$2,681$2,044$1,538$1,144$843$209
26 years$2,551$1,921$1,426$1,046$760$176
27 years$2,430$1,808$1,324$958$685$148
28 years$2,318$1,703$1,231$877$618$124
29 years$2,214$1,607$1,146$805$558$104
30 years$2,117$1,518$1,067$738$504$88
31 years$2,027$1,435$995$678$456$74
32 years$1,942$1,357$928$623$412$62
33 years$1,862$1,286$867$573$373$52
34 years$1,788$1,218$810$527$338$44
35 years$1,718$1,156$757$485$306$37
36 years$1,652$1,097$708$447$277$31
37 years$1,589$1,042$663$412$251$26
38 years$1,530$990$621$380$228$22
39 years$1,475$941$582$350$207$19
40 years$1,422$896$545$323$187$16
41 years$1,372$853$511$298$170$13
42 years$1,324$812$480$275$154$11
43 years$1,279$774$450$254$140$9
44 years$1,236$738$422$234$127$8
45 years$1,195$703$397$216$115$7
46 years$1,155$671$372$200$105$6
47 years$1,118$640$350$185$95$5
48 years$1,082$611$329$171$86$4
49 years$1,048$584$309$158$78$3
50 years$1,015$558$291$146$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,040,000, adding $4,162 every year, while hoping to spend $31,969 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: 40/43/17 Blend
48$1,040,000$1,040,000$1,040,000$1,040,000
49$1,150,373$1,095,253$1,079,133$1,190,429
50$1,233,696$1,114,906$1,081,269$1,238,986
51$1,324,447$1,134,450$1,082,406$1,288,076
52$1,423,349$1,153,846$1,082,475$1,340,509
53$1,531,200$1,173,053$1,081,406$1,396,602
54$1,648,874$1,192,026$1,079,126$1,456,710
55$1,777,339$1,210,715$1,075,556$1,521,222
56$1,917,656$1,229,068$1,070,616$1,590,569
57$2,070,995$1,247,030$1,064,219$1,665,226
58$2,238,643$1,264,541$1,056,277$1,745,718
59$2,422,018$1,281,537$1,046,696$1,832,626
60$2,622,681$1,297,949$1,035,377$1,926,588
61$2,842,350$1,313,704$1,022,218$2,028,312
62$3,082,918$1,328,725$1,007,111$2,138,577
63$3,346,470$1,342,926$989,943$2,258,245
64$3,635,301$1,356,220$970,597$2,388,268
65$3,951,938$1,368,512$948,948$2,529,694
66$4,299,166$1,379,699$924,869$2,683,683
67$4,680,052$1,389,675$898,222$2,851,514
68$5,097,972$1,398,324$868,868$3,034,600
69$5,556,648$1,405,525$836,658$3,234,500
70$6,060,177$1,411,147$801,437$3,452,934
71$6,613,074$1,415,052$763,044$3,691,802
72$7,220,312$1,417,093$721,310$3,953,199
73$7,887,367$1,417,115$676,058$4,239,440
74$8,620,276$1,414,951$627,103$4,553,076
75$9,425,686$1,410,425$574,253$4,896,927
76$10,310,921$1,403,352$517,306$5,274,099
77$11,284,051$1,393,531$456,051$5,688,025
78$12,353,964$1,380,755$390,269$6,142,489
79$13,530,455$1,364,798$319,729$6,641,668
80$14,824,315$1,345,426$244,193$7,190,170
81$16,247,431$1,322,388$163,410$7,793,078
82$17,812,903$1,295,419$77,118$8,456,002
83$19,535,162$1,264,238$0$9,185,127
84$21,430,110$1,228,547$0$9,989,995
85$23,515,267$1,188,031$0$10,890,525
86$25,809,937$1,142,358$0$11,881,071
87$28,335,392$1,091,175$0$12,970,850
88$31,115,067$1,034,108$0$14,170,024
89$34,174,787$970,762$0$15,489,799
90$37,543,008$900,722$0$16,942,529
91$41,251,082$823,544$0$18,541,836
92$45,333,558$738,764$0$20,302,736
93$49,828,506$645,888$0$22,241,789
94$54,777,872$544,395$0$24,377,249
95$60,227,879$433,735$0$26,729,244
96$66,229,461$313,326$0$29,319,960
97$72,838,742$182,555$0$32,173,862
98$80,117,567$40,773$0$35,317,917
99$88,134,084$0$0$38,781,855
100$96,963,388$0$0$42,651,781