Can I retire at age 49 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$69,366$68,749$68,146$67,557$66,983$65,417
2 years$34,340$33,700$33,080$32,479$31,897$30,328
3 years$22,666$22,023$21,405$20,810$20,236$18,714
4 years$16,830$16,190$15,578$14,992$14,433$12,968
5 years$13,329$12,693$12,089$11,516$10,972$9,569
6 years$10,996$10,365$9,770$9,209$8,681$7,342
7 years$9,331$8,704$8,119$7,571$7,060$5,785
8 years$8,082$7,461$6,885$6,351$5,857$4,645
9 years$7,111$6,496$5,930$5,410$4,933$3,782
10 years$6,335$5,726$5,170$4,663$4,203$3,114
11 years$5,700$5,098$4,552$4,059$3,615$2,585
12 years$5,172$4,575$4,039$3,560$3,132$2,160
13 years$4,725$4,135$3,609$3,143$2,731$1,815
14 years$4,342$3,758$3,243$2,790$2,394$1,532
15 years$4,011$3,433$2,928$2,488$2,108$1,298
16 years$3,722$3,150$2,654$2,228$1,863$1,103
17 years$3,466$2,901$2,415$2,002$1,652$940
18 years$3,240$2,681$2,205$1,804$1,469$802
19 years$3,037$2,484$2,019$1,630$1,309$686
20 years$2,855$2,309$1,853$1,476$1,169$588
21 years$2,690$2,150$1,704$1,340$1,047$504
22 years$2,541$2,007$1,570$1,218$938$433
23 years$2,405$1,877$1,450$1,109$842$372
24 years$2,280$1,759$1,341$1,012$757$320
25 years$2,166$1,651$1,242$924$681$275
26 years$2,060$1,551$1,152$845$613$237
27 years$1,963$1,460$1,070$773$553$204
28 years$1,872$1,376$994$709$499$176
29 years$1,788$1,298$925$650$451$152
30 years$1,710$1,226$862$596$407$131
31 years$1,637$1,159$804$548$368$113
32 years$1,568$1,096$750$503$333$98
33 years$1,504$1,038$700$463$301$84
34 years$1,444$984$654$426$273$73
35 years$1,387$933$612$392$247$63
36 years$1,334$886$572$361$224$54
37 years$1,284$841$535$333$203$47
38 years$1,236$800$501$307$184$40
39 years$1,191$760$470$283$167$35
40 years$1,148$723$440$261$151$30
41 years$1,108$689$413$241$137$26
42 years$1,069$656$387$222$125$23
43 years$1,033$625$363$205$113$19
44 years$998$596$341$189$103$17
45 years$965$568$320$175$93$15
46 years$933$542$301$161$85$13
47 years$903$517$283$149$77$11
48 years$874$494$266$138$70$9
49 years$847$471$250$127$63$8
50 years$820$450$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $840,000, adding $4,380 every year, while hoping to spend $39,789 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: 63/17/20 Blend
48$840,000$840,000$840,000$840,000
49$930,198$885,678$872,658$983,762
50$982,743$886,741$859,557$1,021,439
51$1,039,314$886,523$844,683$1,057,706
52$1,100,280$884,918$827,936$1,096,394
53$1,166,045$881,816$809,208$1,137,740
54$1,237,055$877,098$788,390$1,182,011
55$1,313,798$870,639$765,365$1,229,499
56$1,396,812$862,307$740,011$1,280,529
57$1,486,686$851,960$712,201$1,335,459
58$1,584,071$839,449$681,803$1,394,687
59$1,689,681$824,616$648,677$1,458,651
60$1,804,299$807,293$612,679$1,527,835
61$1,928,790$787,303$573,656$1,602,778
62$2,064,104$764,457$531,450$1,684,071
63$2,211,284$738,558$485,896$1,772,372
64$2,371,481$709,393$436,820$1,868,403
65$2,545,960$676,741$384,041$1,972,968
66$2,736,112$640,366$327,370$2,086,950
67$2,943,469$600,017$266,611$2,211,330
68$3,169,717$555,432$201,557$2,347,186
69$3,416,712$506,332$131,993$2,495,715
70$3,686,497$452,422$57,694$2,658,235
71$3,981,320$393,391$0$2,836,204
72$4,303,656$328,910$0$3,035,839
73$4,656,233$258,630$0$3,267,750
74$5,042,052$182,186$0$3,521,629
75$5,464,416$99,188$0$3,799,702
76$5,926,966$9,228$0$4,104,420
77$6,433,710$0$0$4,438,490
78$6,989,060$0$0$4,821,379
79$7,597,878$0$0$5,243,086
80$8,265,517$0$0$5,705,599
81$8,997,875$0$0$6,213,011
82$9,801,444$0$0$6,769,831
83$10,683,381$0$0$7,381,024
84$11,651,563$0$0$8,052,060
85$12,714,673$0$0$8,788,964
86$13,882,271$0$0$9,598,374
87$15,164,891$0$0$10,487,600
88$16,574,137$0$0$11,464,699
89$18,122,793$0$0$12,538,544
90$19,824,941$0$0$13,718,911
91$21,696,098$0$0$15,016,570
92$23,753,357$0$0$16,443,389
93$26,015,550$0$0$18,012,439
94$28,503,427$0$0$19,738,125
95$31,239,847$0$0$21,636,316
96$34,249,998$0$0$23,724,497
97$37,561,630$0$0$26,021,933
98$41,205,319$0$0$28,549,849
99$45,214,756$0$0$31,331,634
100$49,627,060$0$0$34,393,057