Can I retire at age 49 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$68,541$67,930$67,334$66,753$66,185$64,325
2 years$33,931$33,299$32,687$32,093$31,517$29,656
3 years$22,396$21,761$21,150$20,562$19,996$18,194
4 years$16,630$15,997$15,392$14,814$14,261$12,531
5 years$13,171$12,542$11,945$11,378$10,841$9,188
6 years$10,865$10,241$9,653$9,099$8,578$7,004
7 years$9,220$8,601$8,022$7,481$6,976$5,481
8 years$7,986$7,372$6,803$6,276$5,788$4,370
9 years$7,026$6,419$5,860$5,346$4,874$3,533
10 years$6,260$5,658$5,109$4,608$4,153$2,887
11 years$5,633$5,037$4,497$4,010$3,572$2,378
12 years$5,110$4,521$3,991$3,518$3,095$1,972
13 years$4,669$4,086$3,566$3,105$2,699$1,644
14 years$4,291$3,714$3,204$2,757$2,366$1,376
15 years$3,963$3,393$2,893$2,458$2,083$1,156
16 years$3,677$3,113$2,623$2,201$1,841$974
17 years$3,425$2,867$2,387$1,978$1,632$822
18 years$3,201$2,649$2,179$1,782$1,451$696
19 years$3,001$2,455$1,995$1,611$1,294$590
20 years$2,821$2,281$1,830$1,459$1,156$501
21 years$2,658$2,125$1,684$1,324$1,034$425
22 years$2,511$1,983$1,552$1,204$927$362
23 years$2,376$1,855$1,433$1,096$832$308
24 years$2,253$1,738$1,325$1,000$748$262
25 years$2,140$1,631$1,227$913$673$224
26 years$2,036$1,533$1,138$835$606$191
27 years$1,939$1,443$1,057$764$547$163
28 years$1,850$1,359$983$700$493$139
29 years$1,767$1,283$914$642$445$119
30 years$1,690$1,211$852$589$402$101
31 years$1,617$1,145$794$541$364$87
32 years$1,550$1,083$741$497$329$74
33 years$1,486$1,026$692$457$298$63
34 years$1,427$972$646$421$270$54
35 years$1,371$922$604$387$244$46
36 years$1,318$875$565$357$221$39
37 years$1,268$831$529$329$201$34
38 years$1,221$790$495$303$182$29
39 years$1,177$751$464$279$165$25
40 years$1,135$715$435$258$150$21
41 years$1,095$680$408$238$136$18
42 years$1,057$648$383$219$123$15
43 years$1,021$617$359$203$112$13
44 years$986$589$337$187$101$11
45 years$953$561$317$173$92$10
46 years$922$535$297$160$84$8
47 years$892$511$279$147$76$7
48 years$864$488$262$136$69$6
49 years$836$466$247$126$63$5
50 years$810$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $830,000, adding $3,208 every year, while hoping to spend $39,975 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: 64/30/6 Blend
48$830,000$830,000$830,000$830,000
49$917,969$873,979$861,114$975,593
50$969,069$874,271$847,428$1,014,634
51$1,024,041$873,237$831,944$1,052,229
52$1,083,238$870,771$814,560$1,092,239
53$1,147,048$866,758$795,167$1,134,895
54$1,215,896$861,079$773,654$1,180,451
55$1,290,250$853,604$749,904$1,229,191
56$1,370,623$844,199$723,794$1,281,426
57$1,457,581$832,718$695,195$1,337,501
58$1,551,744$819,011$663,973$1,397,799
59$1,653,794$802,915$629,989$1,462,741
60$1,764,482$784,259$593,094$1,532,793
61$1,884,633$762,862$553,137$1,608,472
62$2,015,156$738,532$509,957$1,690,347
63$2,157,047$711,065$463,386$1,779,048
64$2,311,407$680,248$413,251$1,875,272
65$2,479,443$645,853$359,367$1,979,789
66$2,662,485$607,639$301,545$2,093,448
67$2,861,997$565,352$239,585$2,217,190
68$3,079,589$518,722$173,279$2,352,054
69$3,317,034$467,467$102,411$2,499,187
70$3,576,284$411,284$26,754$2,659,856
71$3,859,485$349,858$0$2,835,463
72$4,169,003$282,852$0$3,031,009
73$4,507,442$209,911$0$3,246,802
74$4,877,667$130,663$0$3,483,029
75$5,282,834$44,711$0$3,741,793
76$5,726,420$0$0$4,025,413
77$6,212,250$0$0$4,352,416
78$6,744,540$0$0$4,726,917
79$7,327,931$0$0$5,137,429
80$7,967,534$0$0$5,587,558
81$8,668,979$0$0$6,081,272
82$9,438,468$0$0$6,622,944
83$10,282,830$0$0$7,217,390
84$11,209,588$0$0$7,869,916
85$12,227,030$0$0$8,586,364
86$13,344,284$0$0$9,373,172
87$14,571,406$0$0$10,237,430
88$15,919,473$0$0$11,186,951
89$17,400,690$0$0$12,230,341
90$19,028,500$0$0$13,377,079
91$20,817,714$0$0$14,637,610
92$22,784,650$0$0$16,023,442
93$24,947,284$0$0$17,547,252
94$27,325,422$0$0$19,223,008
95$29,940,887$0$0$21,066,097
96$32,817,719$0$0$23,093,475
97$35,982,409$0$0$25,323,823
98$39,464,141$0$0$27,777,723
99$43,295,073$0$0$30,477,853
100$47,510,637$0$0$33,449,200