Can I retire at age 49 with 820,000?

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 $820,000?

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$67,715$67,112$66,523$65,949$65,388$64,867
2 years$33,522$32,898$32,293$31,706$31,137$30,612
3 years$22,126$21,499$20,896$20,314$19,755$19,242
4 years$16,429$15,804$15,207$14,635$14,089$13,592
5 years$13,012$12,391$11,801$11,241$10,710$10,231
6 years$10,735$10,118$9,537$8,990$8,475$8,014
7 years$9,108$8,497$7,925$7,391$6,892$6,449
8 years$7,889$7,283$6,721$6,200$5,718$5,293
9 years$6,942$6,342$5,789$5,281$4,815$4,409
10 years$6,184$5,590$5,047$4,552$4,103$3,714
11 years$5,565$4,976$4,443$3,962$3,529$3,158
12 years$5,049$4,466$3,943$3,475$3,058$2,704
13 years$4,613$4,036$3,523$3,068$2,666$2,330
14 years$4,239$3,669$3,165$2,723$2,337$2,017
15 years$3,916$3,352$2,858$2,429$2,058$1,754
16 years$3,633$3,075$2,591$2,175$1,819$1,531
17 years$3,384$2,832$2,358$1,954$1,613$1,340
18 years$3,162$2,617$2,152$1,761$1,434$1,175
19 years$2,965$2,425$1,970$1,591$1,278$1,034
20 years$2,787$2,254$1,808$1,441$1,142$911
21 years$2,626$2,099$1,663$1,308$1,022$804
22 years$2,480$1,960$1,533$1,189$916$710
23 years$2,348$1,833$1,416$1,083$822$629
24 years$2,226$1,717$1,309$988$739$557
25 years$2,114$1,611$1,212$902$665$494
26 years$2,011$1,515$1,125$825$599$439
27 years$1,916$1,425$1,044$755$540$390
28 years$1,828$1,343$971$692$487$346
29 years$1,746$1,267$903$634$440$308
30 years$1,669$1,197$841$582$398$274
31 years$1,598$1,131$784$535$359$244
32 years$1,531$1,070$732$491$325$217
33 years$1,468$1,014$683$452$294$194
34 years$1,410$961$639$416$266$173
35 years$1,354$911$597$383$241$154
36 years$1,302$865$558$352$219$137
37 years$1,253$821$523$325$198$122
38 years$1,207$781$489$299$180$109
39 years$1,163$742$459$276$163$97
40 years$1,121$706$430$255$148$87
41 years$1,082$672$403$235$134$78
42 years$1,044$640$378$217$122$69
43 years$1,008$610$355$200$110$62
44 years$974$581$333$185$100$55
45 years$942$555$313$171$91$49
46 years$911$529$294$158$83$44
47 years$882$505$276$146$75$39
48 years$853$482$259$135$68$35
49 years$826$460$244$124$62$31
50 years$801$440$229$115$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $820,000, adding $5,414 every year, while hoping to spend $32,872 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: 56/30/14 Blend
48$820,000$820,000$820,000$820,000
49$909,225$865,765$853,055$956,558
50$966,990$873,211$846,656$996,727
51$1,029,546$879,922$838,942$1,036,411
52$1,097,346$885,824$829,833$1,078,878
53$1,170,889$890,843$819,246$1,124,401
54$1,250,724$894,900$807,096$1,173,280
55$1,337,456$897,907$793,291$1,225,848
56$1,431,747$899,776$777,738$1,282,474
57$1,534,330$900,409$760,336$1,343,562
58$1,646,007$899,704$740,982$1,409,563
59$1,767,663$897,553$719,569$1,480,972
60$1,900,271$893,840$695,981$1,558,337
61$2,044,903$888,442$670,101$1,642,264
62$2,202,738$881,231$641,804$1,733,422
63$2,375,073$872,067$610,960$1,832,549
64$2,563,338$860,806$577,435$1,940,463
65$2,769,105$847,292$541,086$2,058,064
66$2,994,106$831,362$501,765$2,186,348
67$3,240,248$812,841$459,316$2,326,415
68$3,509,629$791,547$413,580$2,479,480
69$3,804,562$767,283$364,385$2,646,882
70$4,127,592$739,845$311,557$2,830,104
71$4,481,523$709,013$254,910$3,030,779
72$4,869,441$674,558$194,252$3,250,714
73$5,294,747$636,235$129,383$3,491,899
74$5,761,187$593,785$60,092$3,756,535
75$6,272,883$546,936$0$4,047,051
76$6,834,381$495,399$0$4,368,194
77$7,450,683$438,870$0$4,730,569
78$8,127,304$377,025$0$5,128,488
79$8,870,314$309,524$0$5,565,593
80$9,686,402$236,007$0$6,045,898
81$10,582,939$156,095$0$6,573,829
82$11,568,040$69,385$0$7,154,271
83$12,650,649$0$0$7,792,608
84$13,840,619$0$0$8,502,883
85$15,148,803$0$0$9,308,979
86$16,587,160$0$0$10,195,369
87$18,168,865$0$0$11,170,182
88$19,908,432$0$0$12,242,375
89$21,821,855$0$0$13,421,816
90$23,926,754$0$0$14,719,377
91$26,242,544$0$0$16,147,039
92$28,790,615$0$0$17,718,000
93$31,594,536$0$0$19,446,804
94$34,680,277$0$0$21,349,475
95$38,076,450$0$0$23,443,671
96$41,814,585$0$0$25,748,845
97$45,929,421$0$0$28,286,436
98$50,459,238$0$0$31,080,065
99$55,446,214$0$0$34,155,758
100$60,936,826$0$0$37,542,196