Can I retire at age 49 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$90,011$89,209$88,427$87,664$86,918$86,010
2 years$44,560$43,730$42,926$42,146$41,390$40,475
3 years$29,412$28,578$27,776$27,003$26,259$25,367
4 years$21,839$21,008$20,214$19,454$18,728$17,865
5 years$17,296$16,470$15,687$14,943$14,237$13,405
6 years$14,269$13,449$12,677$11,950$11,265$10,466
7 years$12,108$11,295$10,535$9,825$9,162$8,395
8 years$10,487$9,682$8,934$8,242$7,600$6,866
9 years$9,228$8,430$7,695$7,020$6,401$5,699
10 years$8,220$7,430$6,709$6,051$5,454$4,784
11 years$7,397$6,615$5,906$5,267$4,690$4,052
12 years$6,711$5,937$5,242$4,619$4,065$3,457
13 years$6,131$5,365$4,683$4,078$3,544$2,967
14 years$5,635$4,877$4,208$3,620$3,107$2,559
15 years$5,205$4,455$3,799$3,229$2,736$2,216
16 years$4,829$4,088$3,444$2,891$2,418$1,926
17 years$4,498$3,765$3,134$2,597$2,144$1,678
18 years$4,204$3,479$2,861$2,341$1,906$1,466
19 years$3,941$3,224$2,619$2,115$1,699$1,284
20 years$3,705$2,996$2,404$1,916$1,518$1,126
21 years$3,491$2,790$2,211$1,739$1,358$990
22 years$3,297$2,605$2,038$1,581$1,217$871
23 years$3,121$2,436$1,882$1,440$1,093$767
24 years$2,959$2,283$1,740$1,313$982$677
25 years$2,810$2,142$1,612$1,199$884$597
26 years$2,673$2,013$1,495$1,096$796$528
27 years$2,547$1,895$1,388$1,004$718$466
28 years$2,429$1,785$1,290$919$648$413
29 years$2,320$1,684$1,201$843$585$365
30 years$2,219$1,591$1,119$774$528$323
31 years$2,124$1,504$1,043$711$478$287
32 years$2,035$1,423$973$653$432$254
33 years$1,952$1,347$908$601$391$225
34 years$1,874$1,277$849$553$354$200
35 years$1,800$1,211$794$509$321$177
36 years$1,731$1,150$742$469$291$157
37 years$1,666$1,092$695$432$263$139
38 years$1,604$1,038$651$398$239$124
39 years$1,546$987$610$367$217$110
40 years$1,490$939$571$338$196$98
41 years$1,438$894$536$312$178$87
42 years$1,388$851$503$288$162$77
43 years$1,340$811$472$266$147$68
44 years$1,295$773$443$246$133$61
45 years$1,252$737$416$227$121$54
46 years$1,211$703$390$210$110$48
47 years$1,172$671$367$194$100$43
48 years$1,134$641$345$179$91$38
49 years$1,098$612$324$165$82$34
50 years$1,064$584$305$153$75$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,090,000, adding $6,871 every year, while hoping to spend $45,539 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: 26/48/26 Blend
48$1,090,000$1,090,000$1,090,000$1,090,000
49$1,208,267$1,150,497$1,133,602$1,229,685
50$1,283,058$1,158,419$1,123,125$1,255,550
51$1,363,950$1,165,202$1,110,770$1,278,913
52$1,451,519$1,170,743$1,096,427$1,303,031
53$1,546,396$1,174,932$1,079,980$1,328,001
54$1,649,276$1,177,650$1,061,306$1,353,927
55$1,760,922$1,178,775$1,040,279$1,380,933
56$1,882,173$1,178,172$1,016,766$1,409,157
57$2,013,953$1,175,701$990,626$1,438,754
58$2,157,278$1,171,212$961,714$1,469,903
59$2,313,267$1,164,548$929,878$1,502,801
60$2,483,148$1,155,539$894,957$1,537,674
61$2,668,277$1,144,008$856,786$1,574,776
62$2,870,141$1,129,765$815,188$1,614,391
63$3,090,382$1,112,609$769,983$1,656,839
64$3,330,803$1,092,329$720,979$1,702,480
65$3,593,390$1,068,698$667,978$1,751,714
66$3,880,331$1,041,480$610,770$1,804,994
67$4,194,033$1,010,421$549,140$1,862,824
68$4,537,147$975,254$482,858$1,925,767
69$4,912,591$935,696$411,689$1,994,454
70$5,323,579$891,449$335,385$2,069,589
71$5,773,650$842,196$253,686$2,151,957
72$6,266,701$787,602$166,322$2,242,433
73$6,807,023$727,313$73,013$2,341,994
74$7,399,343$660,955$0$2,451,726
75$8,048,867$588,133$0$2,580,209
76$8,761,329$508,429$0$2,743,514
77$9,543,043$421,400$0$2,922,953
78$10,400,965$326,581$0$3,120,281
79$11,342,759$223,479$0$3,337,446
80$12,376,864$111,572$0$3,576,603
81$13,512,577$0$0$3,840,138
82$14,760,141$0$0$4,135,811
83$16,130,840$0$0$4,525,605
84$17,637,102$0$0$4,954,149
85$19,292,621$0$0$5,425,363
86$21,112,485$0$0$5,943,566
87$23,113,313$0$0$6,513,517
88$25,313,417$0$0$7,140,460
89$27,732,972$0$0$7,830,172
90$30,394,206$0$0$8,589,019
91$33,321,608$0$0$9,424,013
92$36,542,162$0$0$10,342,882
93$40,085,598$0$0$11,354,142
94$43,984,672$0$0$12,467,172
95$48,275,478$0$0$13,692,311
96$52,997,783$0$0$15,040,949
97$58,195,408$0$0$16,525,637
98$63,916,633$0$0$18,160,205
99$70,214,660$0$0$19,959,890
100$77,148,109$0$0$21,941,484