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

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$85,882$85,117$84,371$83,642$82,931$81,591
2 years$42,516$41,724$40,957$40,213$39,491$38,144
3 years$28,062$27,267$26,502$25,765$25,055$23,744
4 years$20,837$20,044$19,286$18,562$17,869$16,604
5 years$16,503$15,715$14,967$14,257$13,584$12,368
6 years$13,615$12,832$12,096$11,402$10,748$9,583
7 years$11,552$10,777$10,052$9,374$8,741$7,627
8 years$10,006$9,238$8,524$7,864$7,252$6,188
9 years$8,804$8,043$7,342$6,698$6,107$5,094
10 years$7,843$7,089$6,401$5,774$5,204$4,240
11 years$7,058$6,311$5,635$5,025$4,475$3,560
12 years$6,403$5,665$5,001$4,408$3,878$3,010
13 years$5,850$5,119$4,468$3,891$3,382$2,560
14 years$5,376$4,653$4,015$3,454$2,964$2,187
15 years$4,966$4,251$3,625$3,081$2,610$1,876
16 years$4,608$3,900$3,286$2,758$2,307$1,615
17 years$4,292$3,592$2,991$2,478$2,045$1,393
18 years$4,011$3,319$2,730$2,233$1,819$1,205
19 years$3,760$3,076$2,499$2,018$1,621$1,045
20 years$3,535$2,858$2,294$1,828$1,448$907
21 years$3,331$2,662$2,110$1,659$1,296$789
22 years$3,146$2,485$1,944$1,508$1,161$687
23 years$2,977$2,324$1,795$1,374$1,043$598
24 years$2,823$2,178$1,660$1,253$937$522
25 years$2,681$2,044$1,538$1,144$843$456
26 years$2,551$1,921$1,426$1,046$760$398
27 years$2,430$1,808$1,324$958$685$348
28 years$2,318$1,703$1,231$877$618$304
29 years$2,214$1,607$1,146$805$558$266
30 years$2,117$1,518$1,067$738$504$233
31 years$2,027$1,435$995$678$456$204
32 years$1,942$1,357$928$623$412$179
33 years$1,862$1,286$867$573$373$157
34 years$1,788$1,218$810$527$338$137
35 years$1,718$1,156$757$485$306$120
36 years$1,652$1,097$708$447$277$106
37 years$1,589$1,042$663$412$251$93
38 years$1,530$990$621$380$228$81
39 years$1,475$941$582$350$207$71
40 years$1,422$896$545$323$187$63
41 years$1,372$853$511$298$170$55
42 years$1,324$812$480$275$154$48
43 years$1,279$774$450$254$140$42
44 years$1,236$738$422$234$127$37
45 years$1,195$703$397$216$115$33
46 years$1,155$671$372$200$105$29
47 years$1,118$640$350$185$95$25
48 years$1,082$611$329$171$86$22
49 years$1,048$584$309$158$78$19
50 years$1,015$558$291$146$71$17

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 $6,700 every year, while hoping to spend $57,218 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: 40/33/27 Blend
48$1,040,000$1,040,000$1,040,000$1,040,000
49$1,152,991$1,097,871$1,081,751$1,189,689
50$1,209,717$1,090,787$1,057,110$1,209,841
51$1,270,311$1,081,439$1,029,726$1,225,800
52$1,335,107$1,069,654$999,447$1,241,964
53$1,404,472$1,055,251$966,112$1,258,387
54$1,478,808$1,038,038$929,557$1,275,134
55$1,558,555$1,017,810$889,605$1,292,279
56$1,644,196$994,352$846,076$1,309,911
57$1,736,264$967,435$798,779$1,328,131
58$1,835,339$936,816$747,515$1,347,056
59$1,942,063$902,238$692,075$1,366,822
60$2,057,137$863,432$632,244$1,387,585
61$2,181,333$820,109$567,793$1,409,521
62$2,315,501$771,965$498,485$1,432,835
63$2,460,571$718,680$424,073$1,457,755
64$2,617,568$659,915$344,298$1,484,545
65$2,787,618$595,309$258,891$1,513,502
66$2,971,960$524,484$167,569$1,544,961
67$3,171,955$447,039$70,037$1,579,302
68$3,389,100$362,550$0$1,616,952
69$3,625,043$270,569$0$1,668,203
70$3,881,595$170,625$0$1,745,957
71$4,160,749$62,217$0$1,830,721
72$4,464,699$0$0$1,923,279
73$4,795,858$0$0$2,044,539
74$5,156,882$0$0$2,201,490
75$5,550,692$0$0$2,372,824
76$5,980,508$0$0$2,559,958
77$6,449,870$0$0$2,764,451
78$6,962,676$0$0$2,988,018
79$7,523,218$0$0$3,232,550
80$8,136,221$0$0$3,500,126
81$8,806,889$0$0$3,793,037
82$9,540,948$0$0$4,113,805
83$10,344,709$0$0$4,465,210
84$11,225,116$0$0$4,850,309
85$12,189,820$0$0$5,272,472
86$13,247,245$0$0$5,735,410
87$14,406,671$0$0$6,243,210
88$15,678,317$0$0$6,800,373
89$17,073,439$0$0$7,411,858
90$18,604,436$0$0$8,083,127
91$20,284,963$0$0$8,820,196
92$22,130,065$0$0$9,629,692
93$24,156,313$0$0$10,518,917
94$26,381,960$0$0$11,495,913
95$28,827,118$0$0$12,569,541
96$31,513,938$0$0$13,749,561
97$34,466,828$0$0$15,046,729
98$37,712,674$0$0$16,472,891
99$41,281,098$0$0$18,041,101
100$45,204,737$0$0$19,765,739