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%13.6%
1 years$90,011$89,209$88,427$87,664$86,918$85,619
2 years$44,560$43,730$42,926$42,146$41,390$40,084
3 years$29,412$28,578$27,776$27,003$26,259$24,987
4 years$21,839$21,008$20,214$19,454$18,728$17,500
5 years$17,296$16,470$15,687$14,943$14,237$13,056
6 years$14,269$13,449$12,677$11,950$11,265$10,133
7 years$12,108$11,295$10,535$9,825$9,162$8,078
8 years$10,487$9,682$8,934$8,242$7,600$6,566
9 years$9,228$8,430$7,695$7,020$6,401$5,414
10 years$8,220$7,430$6,709$6,051$5,454$4,515
11 years$7,397$6,615$5,906$5,267$4,690$3,798
12 years$6,711$5,937$5,242$4,619$4,065$3,218
13 years$6,131$5,365$4,683$4,078$3,544$2,742
14 years$5,635$4,877$4,208$3,620$3,107$2,347
15 years$5,205$4,455$3,799$3,229$2,736$2,018
16 years$4,829$4,088$3,444$2,891$2,418$1,740
17 years$4,498$3,765$3,134$2,597$2,144$1,505
18 years$4,204$3,479$2,861$2,341$1,906$1,304
19 years$3,941$3,224$2,619$2,115$1,699$1,133
20 years$3,705$2,996$2,404$1,916$1,518$986
21 years$3,491$2,790$2,211$1,739$1,358$859
22 years$3,297$2,605$2,038$1,581$1,217$750
23 years$3,121$2,436$1,882$1,440$1,093$655
24 years$2,959$2,283$1,740$1,313$982$573
25 years$2,810$2,142$1,612$1,199$884$501
26 years$2,673$2,013$1,495$1,096$796$439
27 years$2,547$1,895$1,388$1,004$718$385
28 years$2,429$1,785$1,290$919$648$337
29 years$2,320$1,684$1,201$843$585$296
30 years$2,219$1,591$1,119$774$528$260
31 years$2,124$1,504$1,043$711$478$228
32 years$2,035$1,423$973$653$432$200
33 years$1,952$1,347$908$601$391$176
34 years$1,874$1,277$849$553$354$155
35 years$1,800$1,211$794$509$321$136
36 years$1,731$1,150$742$469$291$119
37 years$1,666$1,092$695$432$263$105
38 years$1,604$1,038$651$398$239$92
39 years$1,546$987$610$367$217$81
40 years$1,490$939$571$338$196$71
41 years$1,438$894$536$312$178$63
42 years$1,388$851$503$288$162$55
43 years$1,340$811$472$266$147$49
44 years$1,295$773$443$246$133$43
45 years$1,252$737$416$227$121$38
46 years$1,211$703$390$210$110$33
47 years$1,172$671$367$194$100$29
48 years$1,134$641$345$179$91$26
49 years$1,098$612$324$165$82$23
50 years$1,064$584$305$153$75$20

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 $4,002 every year, while hoping to spend $31,702 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: 66/11/23 Blend
48$1,090,000$1,090,000$1,090,000$1,090,000
49$1,205,308$1,147,538$1,130,643$1,277,487
50$1,294,519$1,170,037$1,134,789$1,348,997
51$1,391,767$1,192,575$1,138,011$1,423,180
52$1,497,838$1,215,122$1,140,245$1,503,548
53$1,613,597$1,237,644$1,141,424$1,590,712
54$1,739,998$1,260,102$1,141,476$1,685,344
55$1,878,090$1,282,459$1,140,327$1,788,184
56$2,029,025$1,304,670$1,137,898$1,900,048
57$2,194,077$1,326,689$1,134,108$2,021,836
58$2,374,643$1,348,468$1,128,872$2,154,540
59$2,572,266$1,369,952$1,122,098$2,299,253
60$2,788,641$1,391,084$1,113,692$2,457,180
61$3,025,638$1,411,802$1,103,556$2,629,651
62$3,285,314$1,432,041$1,091,586$2,818,129
63$3,569,935$1,451,731$1,077,674$3,024,228
64$3,881,997$1,470,795$1,061,705$3,249,729
65$4,224,250$1,489,152$1,043,561$3,496,594
66$4,599,721$1,506,718$1,023,118$3,766,984
67$5,011,744$1,523,399$1,000,244$4,063,285
68$5,463,994$1,539,097$974,804$4,388,124
69$5,960,516$1,553,708$946,655$4,744,399
70$6,505,768$1,567,119$915,647$5,135,303
71$7,104,660$1,579,212$881,625$5,564,356
72$7,762,601$1,589,859$844,425$6,035,439
73$8,485,550$1,598,926$803,877$6,552,831
74$9,280,072$1,606,268$759,802$7,121,248
75$10,153,398$1,611,734$712,014$7,745,886
76$11,113,496$1,615,161$660,319$8,432,478
77$12,169,144$1,616,375$604,511$9,187,338
78$13,330,014$1,615,195$544,379$10,017,429
79$14,606,761$1,611,425$479,701$10,930,426
80$16,011,124$1,604,858$410,244$11,934,790
81$17,556,037$1,595,275$335,767$13,039,843
82$19,255,753$1,582,443$256,015$14,255,866
83$21,125,974$1,566,117$170,725$15,594,188
84$23,184,000$1,546,033$79,621$17,067,296
85$25,448,895$1,521,916$0$18,688,956
86$27,941,663$1,493,471$0$20,478,658
87$30,685,449$1,460,387$0$22,469,940
88$33,705,753$1,422,334$0$24,661,751
89$37,030,676$1,378,964$0$27,074,486
90$40,691,179$1,329,908$0$29,730,622
91$44,721,379$1,274,774$0$32,654,928
92$49,158,871$1,213,149$0$35,874,698
93$54,045,078$1,144,596$0$39,420,009
94$59,425,647$1,068,651$0$43,324,006
95$65,350,874$984,827$0$47,623,216
96$71,876,185$892,605$0$52,357,889
97$79,062,652$791,439$0$57,572,381
98$86,977,575$680,751$0$63,315,572
99$95,695,111$559,932$0$69,641,328
100$105,296,980$428,336$0$76,609,011