Can I retire at age 49 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$86,708$85,936$85,182$84,447$83,728$82,206
2 years$42,925$42,125$41,351$40,599$39,871$38,342
3 years$28,332$27,529$26,757$26,012$25,296$23,809
4 years$21,037$20,237$19,472$18,740$18,041$16,608
5 years$16,662$15,866$15,111$14,394$13,715$12,338
6 years$13,745$12,956$12,212$11,511$10,852$9,534
7 years$11,663$10,880$10,148$9,464$8,825$7,567
8 years$10,102$9,326$8,606$7,939$7,322$6,122
9 years$8,889$8,120$7,413$6,762$6,166$5,024
10 years$7,919$7,158$6,463$5,829$5,254$4,169
11 years$7,125$6,372$5,690$5,073$4,518$3,490
12 years$6,465$5,719$5,049$4,450$3,915$2,941
13 years$5,906$5,168$4,511$3,929$3,414$2,493
14 years$5,428$4,698$4,053$3,487$2,993$2,123
15 years$5,014$4,292$3,660$3,110$2,635$1,815
16 years$4,652$3,938$3,318$2,785$2,329$1,556
17 years$4,333$3,626$3,019$2,502$2,065$1,338
18 years$4,049$3,351$2,756$2,255$1,836$1,153
19 years$3,796$3,106$2,523$2,037$1,637$996
20 years$3,569$2,886$2,316$1,845$1,462$862
21 years$3,363$2,688$2,130$1,675$1,308$746
22 years$3,176$2,509$1,963$1,523$1,173$647
23 years$3,006$2,347$1,813$1,387$1,053$562
24 years$2,850$2,199$1,676$1,265$946$488
25 years$2,707$2,063$1,553$1,155$851$425
26 years$2,575$1,939$1,440$1,056$767$369
27 years$2,453$1,825$1,337$967$691$322
28 years$2,340$1,720$1,243$886$624$280
29 years$2,235$1,622$1,157$812$563$244
30 years$2,137$1,532$1,077$745$509$213
31 years$2,046$1,448$1,004$685$460$186
32 years$1,961$1,371$937$629$416$162
33 years$1,880$1,298$875$579$377$141
34 years$1,805$1,230$818$532$341$123
35 years$1,734$1,167$764$490$309$108
36 years$1,668$1,107$715$451$280$94
37 years$1,605$1,052$669$416$254$82
38 years$1,545$1,000$627$383$230$72
39 years$1,489$951$587$353$209$63
40 years$1,436$904$550$326$189$55
41 years$1,385$861$516$301$172$48
42 years$1,337$820$484$278$156$42
43 years$1,291$781$454$256$141$36
44 years$1,248$745$426$237$128$32
45 years$1,206$710$400$218$116$28
46 years$1,167$677$376$202$106$24
47 years$1,129$646$353$186$96$21
48 years$1,093$617$332$172$87$19
49 years$1,058$589$312$159$79$16
50 years$1,025$563$293$147$72$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,050,000, adding $6,909 every year, while hoping to spend $29,948 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: 45/44/11 Blend
48$1,050,000$1,050,000$1,050,000$1,050,000
49$1,164,227$1,108,577$1,092,302$1,212,686
50$1,251,113$1,131,032$1,097,029$1,269,449
51$1,345,859$1,153,585$1,100,912$1,327,356
52$1,449,233$1,176,207$1,103,889$1,389,472
53$1,562,083$1,198,870$1,105,897$1,456,199
54$1,685,342$1,221,541$1,106,872$1,527,977
55$1,820,038$1,244,187$1,106,743$1,605,291
56$1,967,300$1,266,771$1,105,437$1,688,677
57$2,128,375$1,289,252$1,102,879$1,778,726
58$2,304,631$1,311,588$1,098,988$1,876,087
59$2,497,580$1,333,732$1,093,680$1,981,479
60$2,708,882$1,355,634$1,086,867$2,095,693
61$2,940,368$1,377,240$1,078,458$2,219,601
62$3,194,054$1,398,494$1,068,355$2,354,165
63$3,472,160$1,419,332$1,056,457$2,500,447
64$3,777,131$1,439,690$1,042,658$2,659,616
65$4,111,659$1,459,495$1,026,848$2,832,963
66$4,478,710$1,478,673$1,008,910$3,021,910
67$4,881,552$1,497,142$988,722$3,228,026
68$5,323,784$1,514,815$966,157$3,453,042
69$5,809,369$1,531,600$941,083$3,698,865
70$6,342,674$1,547,398$913,358$3,967,599
71$6,928,510$1,562,103$882,839$4,261,566
72$7,572,176$1,575,605$849,372$4,583,324
73$8,279,510$1,587,781$812,799$4,935,695
74$9,056,944$1,598,507$772,951$5,321,790
75$9,911,564$1,607,644$729,656$5,745,042
76$10,851,175$1,615,051$682,731$6,209,234
77$11,884,378$1,620,571$631,986$6,718,539
78$13,020,649$1,624,044$577,222$7,277,557
79$14,270,428$1,625,295$518,232$7,891,364
80$15,645,216$1,624,139$454,798$8,565,552
81$17,157,689$1,620,382$386,694$9,306,292
82$18,821,808$1,613,816$313,683$10,120,384
83$20,652,959$1,604,220$235,518$11,015,330
84$22,668,095$1,591,361$151,942$11,999,398
85$24,885,894$1,574,990$62,685$13,081,706
86$27,326,935$1,554,845$0$14,272,307
87$30,013,898$1,530,648$0$15,586,108
88$32,971,769$1,502,103$0$17,039,606
89$36,228,081$1,468,897$0$18,638,946
90$39,813,172$1,430,700$0$20,399,019
91$43,760,472$1,387,161$0$22,336,242
92$48,106,817$1,337,909$0$24,468,709
93$52,892,796$1,282,550$0$26,816,368
94$58,163,136$1,220,670$0$29,401,206
95$63,967,123$1,151,830$0$32,247,462
96$70,359,063$1,075,563$0$35,381,851
97$77,398,801$991,380$0$38,833,824
98$85,152,281$898,759$0$42,635,841
99$93,692,167$797,152$0$46,823,683
100$103,098,534$685,979$0$51,436,793