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%18.3%
1 years$85,882$85,117$84,371$83,642$82,931$80,148
2 years$42,516$41,724$40,957$40,213$39,491$36,715
3 years$28,062$27,267$26,502$25,765$25,055$22,372
4 years$20,837$20,044$19,286$18,562$17,869$15,301
5 years$16,503$15,715$14,967$14,257$13,584$11,137
6 years$13,615$12,832$12,096$11,402$10,748$8,425
7 years$11,552$10,777$10,052$9,374$8,741$6,540
8 years$10,006$9,238$8,524$7,864$7,252$5,172
9 years$8,804$8,043$7,342$6,698$6,107$4,146
10 years$7,843$7,089$6,401$5,774$5,204$3,358
11 years$7,058$6,311$5,635$5,025$4,475$2,741
12 years$6,403$5,665$5,001$4,408$3,878$2,252
13 years$5,850$5,119$4,468$3,891$3,382$1,859
14 years$5,376$4,653$4,015$3,454$2,964$1,542
15 years$4,966$4,251$3,625$3,081$2,610$1,282
16 years$4,608$3,900$3,286$2,758$2,307$1,069
17 years$4,292$3,592$2,991$2,478$2,045$894
18 years$4,011$3,319$2,730$2,233$1,819$749
19 years$3,760$3,076$2,499$2,018$1,621$628
20 years$3,535$2,858$2,294$1,828$1,448$527
21 years$3,331$2,662$2,110$1,659$1,296$443
22 years$3,146$2,485$1,944$1,508$1,161$373
23 years$2,977$2,324$1,795$1,374$1,043$314
24 years$2,823$2,178$1,660$1,253$937$265
25 years$2,681$2,044$1,538$1,144$843$223
26 years$2,551$1,921$1,426$1,046$760$188
27 years$2,430$1,808$1,324$958$685$159
28 years$2,318$1,703$1,231$877$618$134
29 years$2,214$1,607$1,146$805$558$113
30 years$2,117$1,518$1,067$738$504$95
31 years$2,027$1,435$995$678$456$81
32 years$1,942$1,357$928$623$412$68
33 years$1,862$1,286$867$573$373$57
34 years$1,788$1,218$810$527$338$49
35 years$1,718$1,156$757$485$306$41
36 years$1,652$1,097$708$447$277$35
37 years$1,589$1,042$663$412$251$29
38 years$1,530$990$621$380$228$25
39 years$1,475$941$582$350$207$21
40 years$1,422$896$545$323$187$18
41 years$1,372$853$511$298$170$15
42 years$1,324$812$480$275$154$13
43 years$1,279$774$450$254$140$11
44 years$1,236$738$422$234$127$9
45 years$1,195$703$397$216$115$8
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$5
49 years$1,048$584$309$158$78$4
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 $5,166 every year, while hoping to spend $33,997 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: 63/25/12 Blend
48$1,040,000$1,040,000$1,040,000$1,040,000
49$1,151,409$1,096,289$1,080,169$1,220,412
50$1,232,680$1,113,834$1,080,182$1,284,781
51$1,321,101$1,131,100$1,079,056$1,350,648
52$1,417,366$1,148,037$1,076,717$1,421,727
53$1,522,238$1,164,591$1,073,087$1,498,524
54$1,636,556$1,180,706$1,068,086$1,581,597
55$1,761,245$1,196,320$1,061,626$1,671,561
56$1,897,321$1,211,369$1,053,620$1,769,094
57$2,045,904$1,225,783$1,043,973$1,874,944
58$2,208,228$1,239,488$1,032,587$1,989,935
59$2,385,648$1,252,403$1,019,360$2,114,975
60$2,579,658$1,264,446$1,004,183$2,251,066
61$2,791,904$1,275,524$986,944$2,399,312
62$3,024,197$1,285,543$967,525$2,560,931
63$3,278,530$1,294,399$945,802$2,737,266
64$3,557,099$1,301,985$921,646$2,929,797
65$3,862,324$1,308,183$894,921$3,140,155
66$4,196,867$1,312,870$865,487$3,370,140
67$4,563,663$1,315,915$833,196$3,621,735
68$4,965,941$1,317,179$797,892$3,897,129
69$5,407,259$1,316,514$759,415$4,198,733
70$5,891,539$1,313,762$717,594$4,529,206
71$6,423,096$1,308,757$672,254$4,891,480
72$7,006,687$1,301,320$623,209$5,288,787
73$7,647,549$1,291,266$570,267$5,724,691
74$8,351,454$1,278,393$513,226$6,203,121
75$9,124,759$1,262,491$451,876$6,728,410
76$9,974,467$1,243,335$385,996$7,305,334
77$10,908,293$1,220,689$315,357$7,939,158
78$11,934,737$1,194,301$239,720$8,635,688
79$13,063,162$1,163,904$158,833$9,401,324
80$14,303,887$1,129,217$72,435$10,243,123
81$15,668,276$1,089,941$0$11,168,864
82$17,168,852$1,045,761$0$12,189,654
83$18,819,414$996,341$0$13,322,479
84$20,635,161$941,330$0$14,568,515
85$22,632,845$880,352$0$15,939,293
86$24,830,918$813,012$0$17,447,521
87$27,249,715$738,893$0$19,107,206
88$29,911,639$657,552$0$20,933,785
89$32,841,377$568,523$0$22,944,276
90$36,066,129$471,312$0$25,157,433
91$39,615,866$365,398$0$27,593,926
92$43,523,612$250,230$0$30,276,538
93$47,825,757$125,228$0$33,230,381
94$52,562,396$0$0$36,483,130
95$57,777,713$0$0$40,068,102
96$63,520,392$0$0$44,053,608
97$69,844,078$0$0$48,442,440
98$76,807,886$0$0$53,275,636
99$84,476,952$0$0$58,598,419
100$92,923,056$0$0$64,460,618