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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$90,011$89,209$88,427$87,664$86,918$84,440
2 years$44,560$43,730$42,926$42,146$41,390$38,913
3 years$29,412$28,578$27,776$27,003$26,259$23,861
4 years$21,839$21,008$20,214$19,454$18,728$16,426
5 years$17,296$16,470$15,687$14,943$14,237$12,038
6 years$14,269$13,449$12,677$11,950$11,265$9,171
7 years$12,108$11,295$10,535$9,825$9,162$7,173
8 years$10,487$9,682$8,934$8,242$7,600$5,716
9 years$9,228$8,430$7,695$7,020$6,401$4,618
10 years$8,220$7,430$6,709$6,051$5,454$3,771
11 years$7,397$6,615$5,906$5,267$4,690$3,104
12 years$6,711$5,937$5,242$4,619$4,065$2,573
13 years$6,131$5,365$4,683$4,078$3,544$2,143
14 years$5,635$4,877$4,208$3,620$3,107$1,793
15 years$5,205$4,455$3,799$3,229$2,736$1,505
16 years$4,829$4,088$3,444$2,891$2,418$1,267
17 years$4,498$3,765$3,134$2,597$2,144$1,069
18 years$4,204$3,479$2,861$2,341$1,906$904
19 years$3,941$3,224$2,619$2,115$1,699$766
20 years$3,705$2,996$2,404$1,916$1,518$649
21 years$3,491$2,790$2,211$1,739$1,358$551
22 years$3,297$2,605$2,038$1,581$1,217$469
23 years$3,121$2,436$1,882$1,440$1,093$399
24 years$2,959$2,283$1,740$1,313$982$339
25 years$2,810$2,142$1,612$1,199$884$289
26 years$2,673$2,013$1,495$1,096$796$246
27 years$2,547$1,895$1,388$1,004$718$210
28 years$2,429$1,785$1,290$919$648$179
29 years$2,320$1,684$1,201$843$585$153
30 years$2,219$1,591$1,119$774$528$130
31 years$2,124$1,504$1,043$711$478$111
32 years$2,035$1,423$973$653$432$95
33 years$1,952$1,347$908$601$391$81
34 years$1,874$1,277$849$553$354$69
35 years$1,800$1,211$794$509$321$59
36 years$1,731$1,150$742$469$291$51
37 years$1,666$1,092$695$432$263$43
38 years$1,604$1,038$651$398$239$37
39 years$1,546$987$610$367$217$32
40 years$1,490$939$571$338$196$27
41 years$1,438$894$536$312$178$23
42 years$1,388$851$503$288$162$20
43 years$1,340$811$472$266$147$17
44 years$1,295$773$443$246$133$14
45 years$1,252$737$416$227$121$12
46 years$1,211$703$390$210$110$10
47 years$1,172$671$367$194$100$9
48 years$1,134$641$345$179$91$8
49 years$1,098$612$324$165$82$7
50 years$1,064$584$305$153$75$6

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 $2,911 every year, while hoping to spend $35,030 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: 45/49/6 Blend
48$1,090,000$1,090,000$1,090,000$1,090,000
49$1,204,183$1,146,413$1,129,518$1,256,247
50$1,289,738$1,165,315$1,130,085$1,311,322
51$1,382,845$1,183,970$1,129,497$1,367,130
52$1,484,239$1,202,328$1,127,678$1,426,822
53$1,594,725$1,220,336$1,124,550$1,490,764
54$1,715,193$1,237,938$1,120,028$1,559,364
55$1,846,619$1,255,073$1,114,025$1,633,069
56$1,990,079$1,271,677$1,106,450$1,712,375
57$2,146,758$1,287,681$1,097,208$1,797,827
58$2,317,960$1,303,010$1,086,197$1,890,027
59$2,505,120$1,317,585$1,073,312$1,989,641
60$2,709,818$1,331,322$1,058,444$2,097,401
61$2,933,794$1,344,132$1,041,476$2,214,118
62$3,178,965$1,355,918$1,022,289$2,340,685
63$3,447,439$1,366,578$1,000,756$2,478,088
64$3,741,541$1,376,003$976,744$2,627,415
65$4,063,829$1,384,078$950,115$2,789,867
66$4,417,120$1,390,678$920,725$2,966,769
67$4,804,519$1,395,674$888,422$3,159,584
68$5,229,443$1,398,926$853,048$3,369,925
69$5,695,658$1,400,285$814,437$3,599,573
70$6,207,310$1,399,594$772,415$3,850,492
71$6,768,968$1,396,686$726,803$4,124,852
72$7,385,663$1,391,384$677,412$4,425,045
73$8,062,938$1,383,499$624,042$4,753,711
74$8,806,900$1,372,832$566,489$5,113,762
75$9,624,273$1,359,171$504,537$5,508,411
76$10,522,470$1,342,291$437,959$5,941,205
77$11,509,653$1,321,954$366,522$6,416,056
78$12,594,816$1,297,909$289,979$6,937,277
79$13,787,868$1,269,887$208,074$7,509,631
80$15,099,726$1,237,606$120,540$8,138,368
81$16,542,416$1,200,767$27,096$8,829,281
82$18,129,189$1,159,052$0$9,588,762
83$19,874,646$1,112,125$0$10,428,509
84$21,794,873$1,059,632$0$11,353,799
85$23,907,593$1,001,196$0$12,371,494
86$26,232,333$936,421$0$13,491,072
87$28,790,612$864,887$0$14,722,988
88$31,606,136$786,148$0$16,078,771
89$34,705,028$699,736$0$17,571,133
90$38,116,073$605,154$0$19,214,093
91$41,870,984$501,878$0$21,023,109
92$46,004,709$389,355$0$23,015,226
93$50,555,754$266,999$0$25,209,240
94$55,566,552$134,192$0$27,625,875
95$61,083,854$0$0$30,287,979
96$67,159,182$0$0$33,225,989
97$73,849,303$0$0$36,541,156
98$81,216,774$0$0$40,192,141
99$89,330,523$0$0$44,213,127
100$98,266,509$0$0$48,641,777