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%11.9%
1 years$90,011$89,209$88,427$87,664$86,918$86,226
2 years$44,560$43,730$42,926$42,146$41,390$40,692
3 years$29,412$28,578$27,776$27,003$26,259$25,578
4 years$21,839$21,008$20,214$19,454$18,728$18,068
5 years$17,296$16,470$15,687$14,943$14,237$13,600
6 years$14,269$13,449$12,677$11,950$11,265$10,652
7 years$12,108$11,295$10,535$9,825$9,162$8,573
8 years$10,487$9,682$8,934$8,242$7,600$7,036
9 years$9,228$8,430$7,695$7,020$6,401$5,860
10 years$8,220$7,430$6,709$6,051$5,454$4,937
11 years$7,397$6,615$5,906$5,267$4,690$4,197
12 years$6,711$5,937$5,242$4,619$4,065$3,595
13 years$6,131$5,365$4,683$4,078$3,544$3,097
14 years$5,635$4,877$4,208$3,620$3,107$2,682
15 years$5,205$4,455$3,799$3,229$2,736$2,332
16 years$4,829$4,088$3,444$2,891$2,418$2,035
17 years$4,498$3,765$3,134$2,597$2,144$1,781
18 years$4,204$3,479$2,861$2,341$1,906$1,562
19 years$3,941$3,224$2,619$2,115$1,699$1,374
20 years$3,705$2,996$2,404$1,916$1,518$1,211
21 years$3,491$2,790$2,211$1,739$1,358$1,068
22 years$3,297$2,605$2,038$1,581$1,217$944
23 years$3,121$2,436$1,882$1,440$1,093$836
24 years$2,959$2,283$1,740$1,313$982$741
25 years$2,810$2,142$1,612$1,199$884$657
26 years$2,673$2,013$1,495$1,096$796$583
27 years$2,547$1,895$1,388$1,004$718$518
28 years$2,429$1,785$1,290$919$648$460
29 years$2,320$1,684$1,201$843$585$409
30 years$2,219$1,591$1,119$774$528$364
31 years$2,124$1,504$1,043$711$478$324
32 years$2,035$1,423$973$653$432$289
33 years$1,952$1,347$908$601$391$257
34 years$1,874$1,277$849$553$354$229
35 years$1,800$1,211$794$509$321$205
36 years$1,731$1,150$742$469$291$182
37 years$1,666$1,092$695$432$263$163
38 years$1,604$1,038$651$398$239$145
39 years$1,546$987$610$367$217$129
40 years$1,490$939$571$338$196$116
41 years$1,438$894$536$312$178$103
42 years$1,388$851$503$288$162$92
43 years$1,340$811$472$266$147$82
44 years$1,295$773$443$246$133$73
45 years$1,252$737$416$227$121$66
46 years$1,211$703$390$210$110$59
47 years$1,172$671$367$194$100$52
48 years$1,134$641$345$179$91$47
49 years$1,098$612$324$165$82$42
50 years$1,064$584$305$153$75$37

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 $2,546 every year, while hoping to spend $35,710 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: 33/46/21 Blend
48$1,090,000$1,090,000$1,090,000$1,090,000
49$1,203,806$1,146,036$1,129,141$1,235,682
50$1,288,599$1,164,197$1,128,972$1,277,813
51$1,380,844$1,182,050$1,127,601$1,319,752
52$1,481,264$1,199,544$1,124,949$1,364,214
53$1,590,653$1,216,622$1,120,935$1,411,445
54$1,709,886$1,233,223$1,115,472$1,461,713
55$1,839,926$1,249,282$1,108,472$1,515,319
56$1,981,832$1,264,731$1,099,840$1,572,594
57$2,136,771$1,279,495$1,089,477$1,633,906
58$2,306,027$1,293,496$1,077,280$1,699,660
59$2,491,013$1,306,648$1,063,140$1,770,307
60$2,693,286$1,318,863$1,046,944$1,846,345
61$2,914,558$1,330,045$1,028,574$1,928,324
62$3,156,717$1,340,091$1,007,905$2,016,856
63$3,421,839$1,348,892$984,807$2,112,614
64$3,712,213$1,356,334$959,144$2,216,346
65$4,030,357$1,362,293$930,774$2,328,877
66$4,379,046$1,366,638$899,547$2,451,121
67$4,761,335$1,369,230$865,309$2,584,088
68$5,180,591$1,369,921$827,896$2,728,896
69$5,640,518$1,368,555$787,138$2,886,781
70$6,145,201$1,364,964$742,857$3,059,107
71$6,699,136$1,358,971$694,867$3,247,384
72$7,307,276$1,350,390$642,974$3,453,282
73$7,975,079$1,339,020$586,974$3,678,645
74$8,708,556$1,324,650$526,656$3,925,511
75$9,514,328$1,307,057$461,798$4,196,131
76$10,399,689$1,286,003$392,169$4,492,995
77$11,372,677$1,261,237$317,526$4,818,850
78$12,442,145$1,232,492$237,617$5,176,734
79$13,617,846$1,199,486$152,180$5,570,000
80$14,910,527$1,161,921$60,938$6,002,353
81$16,332,026$1,119,481$0$6,477,884
82$17,895,388$1,071,831$0$7,009,273
83$19,614,984$1,018,617$0$7,608,447
84$21,506,648$959,465$0$8,267,314
85$23,587,826$893,979$0$8,992,027
86$25,877,741$821,741$0$9,789,375
87$28,397,572$742,307$0$10,666,844
88$31,170,655$655,211$0$11,632,696
89$34,222,703$559,958$0$12,696,042
90$37,582,049$456,025$0$13,866,933
91$41,279,909$342,862$0$15,156,455
92$45,350,683$219,885$0$16,576,835
93$49,832,272$86,479$0$18,141,559
94$54,766,442$0$0$19,865,501
95$60,199,213$0$0$21,794,427
96$66,181,294$0$0$23,966,796
97$72,768,562$0$0$26,359,150
98$80,022,591$0$0$28,993,878
99$88,011,227$0$0$31,895,651
100$96,809,233$0$0$35,091,652