Can I retire at age 49 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$87,534$86,754$85,993$85,251$84,526$83,435
2 years$43,334$42,527$41,744$40,986$40,250$39,153
3 years$28,602$27,792$27,011$26,260$25,537$24,467
4 years$21,238$20,430$19,657$18,919$18,213$17,179
5 years$16,820$16,017$15,255$14,532$13,845$12,850
6 years$13,876$13,079$12,328$11,621$10,955$10,000
7 years$11,774$10,984$10,245$9,554$8,909$7,994
8 years$10,199$9,415$8,688$8,015$7,391$6,516
9 years$8,974$8,198$7,483$6,827$6,225$5,389
10 years$7,994$7,226$6,524$5,885$5,304$4,508
11 years$7,193$6,433$5,744$5,122$4,561$3,804
12 years$6,526$5,774$5,097$4,492$3,953$3,233
13 years$5,963$5,218$4,554$3,966$3,447$2,764
14 years$5,480$4,743$4,092$3,521$3,021$2,374
15 years$5,062$4,333$3,695$3,140$2,660$2,048
16 years$4,696$3,975$3,350$2,811$2,351$1,772
17 years$4,374$3,661$3,048$2,526$2,085$1,538
18 years$4,088$3,383$2,782$2,276$1,854$1,338
19 years$3,832$3,135$2,547$2,057$1,652$1,166
20 years$3,603$2,913$2,338$1,863$1,476$1,019
21 years$3,395$2,714$2,150$1,691$1,321$891
22 years$3,206$2,533$1,982$1,537$1,184$781
23 years$3,035$2,369$1,830$1,400$1,063$684
24 years$2,877$2,220$1,692$1,277$955$601
25 years$2,733$2,083$1,567$1,166$859$528
26 years$2,600$1,958$1,454$1,066$774$464
27 years$2,477$1,843$1,350$976$698$408
28 years$2,363$1,736$1,255$894$630$360
29 years$2,256$1,638$1,168$820$569$317
30 years$2,158$1,547$1,088$753$514$279
31 years$2,065$1,462$1,014$691$465$246
32 years$1,979$1,384$946$635$420$217
33 years$1,898$1,310$883$584$380$191
34 years$1,822$1,242$825$537$344$169
35 years$1,751$1,178$772$495$312$149
36 years$1,684$1,118$722$456$283$132
37 years$1,620$1,062$676$420$256$116
38 years$1,560$1,009$633$387$232$103
39 years$1,503$960$593$357$211$91
40 years$1,449$913$556$329$191$80
41 years$1,398$869$521$304$173$71
42 years$1,350$828$489$280$157$62
43 years$1,303$789$459$259$143$55
44 years$1,259$752$430$239$130$49
45 years$1,218$717$404$221$118$43
46 years$1,178$684$380$204$107$38
47 years$1,140$653$357$188$97$34
48 years$1,103$623$335$174$88$30
49 years$1,068$595$315$161$80$26
50 years$1,035$568$296$149$73$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,060,000, adding $4,693 every year, while hoping to spend $51,556 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: 52/20/28 Blend
48$1,060,000$1,060,000$1,060,000$1,060,000
49$1,172,961$1,116,781$1,100,351$1,224,524
50$1,237,748$1,116,648$1,082,357$1,260,726
51$1,307,415$1,114,781$1,062,033$1,294,500
52$1,382,406$1,111,039$1,039,246$1,330,222
53$1,463,207$1,105,276$1,013,857$1,368,101
54$1,550,354$1,097,334$985,720$1,408,368
55$1,644,433$1,087,047$954,685$1,451,281
56$1,746,091$1,074,238$920,593$1,497,128
57$1,856,036$1,058,720$883,277$1,546,228
58$1,975,050$1,040,295$842,564$1,598,935
59$2,103,987$1,018,752$798,273$1,655,645
60$2,243,793$993,869$750,214$1,716,796
61$2,395,502$965,411$698,188$1,782,876
62$2,560,255$933,128$641,989$1,854,426
63$2,739,306$896,756$581,401$1,932,046
64$2,934,034$856,016$516,197$2,016,404
65$3,145,957$810,612$446,140$2,108,238
66$3,376,744$760,232$370,986$2,208,369
67$3,628,234$704,545$290,476$2,317,707
68$3,902,448$643,202$204,341$2,437,258
69$4,201,612$575,833$112,301$2,568,141
70$4,528,176$502,049$14,062$2,711,591
71$4,884,836$421,436$0$2,868,981
72$5,274,562$333,558$0$3,068,947
73$5,700,620$237,956$0$3,292,296
74$6,166,611$134,143$0$3,536,782
75$6,676,495$21,606$0$3,804,566
76$7,234,636$0$0$4,098,034
77$7,845,836$0$0$4,441,869
78$8,515,387$0$0$4,823,844
79$9,249,115$0$0$5,242,541
80$10,053,435$0$0$5,701,635
81$10,935,414$0$0$6,205,174
82$11,902,836$0$0$6,757,616
83$12,964,274$0$0$7,363,871
84$14,129,169$0$0$8,029,350
85$15,407,924$0$0$8,760,010
86$16,811,996$0$0$9,562,414
87$18,354,005$0$0$10,443,794
88$20,047,856$0$0$11,412,114
89$21,908,864$0$0$12,476,149
90$23,953,903$0$0$13,645,565
91$26,201,562$0$0$14,931,013
92$28,672,320$0$0$16,344,225
93$31,388,737$0$0$17,898,127
94$34,375,673$0$0$19,606,961
95$37,660,512$0$0$21,486,417
96$41,273,429$0$0$23,553,784
97$45,247,666$0$0$25,828,108
98$49,619,853$0$0$28,330,377
99$54,430,345$0$0$31,083,713
100$59,723,610$0$0$34,113,593