Can I retire at age 49 with 840,000?

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 $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%12.3%
1 years$69,366$68,749$68,146$67,557$66,983$66,338
2 years$34,340$33,700$33,080$32,479$31,897$31,248
3 years$22,666$22,023$21,405$20,810$20,236$19,603
4 years$16,830$16,190$15,578$14,992$14,433$13,819
5 years$13,329$12,693$12,089$11,516$10,972$10,380
6 years$10,996$10,365$9,770$9,209$8,681$8,113
7 years$9,331$8,704$8,119$7,571$7,060$6,515
8 years$8,082$7,461$6,885$6,351$5,857$5,335
9 years$7,111$6,496$5,930$5,410$4,933$4,433
10 years$6,335$5,726$5,170$4,663$4,203$3,726
11 years$5,700$5,098$4,552$4,059$3,615$3,160
12 years$5,172$4,575$4,039$3,560$3,132$2,699
13 years$4,725$4,135$3,609$3,143$2,731$2,319
14 years$4,342$3,758$3,243$2,790$2,394$2,003
15 years$4,011$3,433$2,928$2,488$2,108$1,737
16 years$3,722$3,150$2,654$2,228$1,863$1,511
17 years$3,466$2,901$2,415$2,002$1,652$1,319
18 years$3,240$2,681$2,205$1,804$1,469$1,154
19 years$3,037$2,484$2,019$1,630$1,309$1,012
20 years$2,855$2,309$1,853$1,476$1,169$889
21 years$2,690$2,150$1,704$1,340$1,047$782
22 years$2,541$2,007$1,570$1,218$938$690
23 years$2,405$1,877$1,450$1,109$842$608
24 years$2,280$1,759$1,341$1,012$757$537
25 years$2,166$1,651$1,242$924$681$475
26 years$2,060$1,551$1,152$845$613$420
27 years$1,963$1,460$1,070$773$553$372
28 years$1,872$1,376$994$709$499$330
29 years$1,788$1,298$925$650$451$292
30 years$1,710$1,226$862$596$407$259
31 years$1,637$1,159$804$548$368$230
32 years$1,568$1,096$750$503$333$204
33 years$1,504$1,038$700$463$301$181
34 years$1,444$984$654$426$273$161
35 years$1,387$933$612$392$247$143
36 years$1,334$886$572$361$224$127
37 years$1,284$841$535$333$203$113
38 years$1,236$800$501$307$184$101
39 years$1,191$760$470$283$167$89
40 years$1,148$723$440$261$151$80
41 years$1,108$689$413$241$137$71
42 years$1,069$656$387$222$125$63
43 years$1,033$625$363$205$113$56
44 years$998$596$341$189$103$50
45 years$965$568$320$175$93$44
46 years$933$542$301$161$85$39
47 years$903$517$283$149$77$35
48 years$874$494$266$138$70$31
49 years$847$471$250$127$63$28
50 years$820$450$235$118$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $840,000, adding $2,446 every year, while hoping to spend $54,064 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: 38/39/23 Blend
48$840,000$840,000$840,000$840,000
49$928,203$883,683$870,663$957,013
50$965,356$869,460$842,307$963,950
51$1,004,487$852,728$811,188$966,213
52$1,045,740$833,307$777,158$967,576
53$1,089,272$811,006$740,060$967,990
54$1,135,257$785,624$699,731$967,407
55$1,183,880$756,947$655,999$965,775
56$1,235,347$724,748$608,687$963,047
57$1,289,882$688,790$557,606$959,174
58$1,347,727$648,818$502,564$954,108
59$1,409,150$604,565$443,355$947,804
60$1,474,443$555,749$379,767$940,216
61$1,543,925$502,069$311,578$931,305
62$1,617,946$443,211$238,556$921,032
63$1,696,888$378,839$160,459$909,363
64$1,781,170$308,602$77,034$896,269
65$1,871,251$232,126$0$881,728
66$1,967,636$149,017$0$868,668
67$2,070,875$58,859$0$874,504
68$2,181,575$0$0$880,384
69$2,300,400$0$0$903,043
70$2,428,078$0$0$954,611
71$2,565,410$0$0$1,010,162
72$2,713,275$0$0$1,070,062
73$2,872,637$0$0$1,134,712
74$3,044,556$0$0$1,204,556
75$3,230,196$0$0$1,280,078
76$3,430,837$0$0$1,361,811
77$3,647,886$0$0$1,450,343
78$3,882,886$0$0$1,546,319
79$4,137,539$0$0$1,650,448
80$4,413,712$0$0$1,763,509
81$4,713,461$0$0$1,886,361
82$5,039,045$0$0$2,019,948
83$5,392,949$0$0$2,165,308
84$5,777,910$0$0$2,323,583
85$6,196,935$0$0$2,496,031
86$6,653,336$0$0$2,684,035
87$7,150,755$0$0$2,889,117
88$7,693,203$0$0$3,112,955
89$8,285,092$0$0$3,357,392
90$8,931,280$0$0$3,624,459
91$9,637,114$0$0$3,916,393
92$10,408,480$0$0$4,235,654
93$11,251,860$0$0$4,584,953
94$12,174,389$0$0$4,967,275
95$13,183,924$0$0$5,385,905
96$14,289,114$0$0$5,844,462
97$15,499,488$0$0$6,346,932
98$16,825,536$0$0$6,897,703
99$18,278,812$0$0$7,501,610
100$19,872,039$0$0$8,163,976