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%16.4%
1 years$69,366$68,749$68,146$67,557$66,983$65,231
2 years$34,340$33,700$33,080$32,479$31,897$30,144
3 years$22,666$22,023$21,405$20,810$20,236$18,537
4 years$16,830$16,190$15,578$14,992$14,433$12,800
5 years$13,329$12,693$12,089$11,516$10,972$9,411
6 years$10,996$10,365$9,770$9,209$8,681$7,193
7 years$9,331$8,704$8,119$7,571$7,060$5,645
8 years$8,082$7,461$6,885$6,351$5,857$4,514
9 years$7,111$6,496$5,930$5,410$4,933$3,660
10 years$6,335$5,726$5,170$4,663$4,203$3,000
11 years$5,700$5,098$4,552$4,059$3,615$2,479
12 years$5,172$4,575$4,039$3,560$3,132$2,063
13 years$4,725$4,135$3,609$3,143$2,731$1,725
14 years$4,342$3,758$3,243$2,790$2,394$1,449
15 years$4,011$3,433$2,928$2,488$2,108$1,222
16 years$3,722$3,150$2,654$2,228$1,863$1,033
17 years$3,466$2,901$2,415$2,002$1,652$876
18 years$3,240$2,681$2,205$1,804$1,469$744
19 years$3,037$2,484$2,019$1,630$1,309$633
20 years$2,855$2,309$1,853$1,476$1,169$539
21 years$2,690$2,150$1,704$1,340$1,047$460
22 years$2,541$2,007$1,570$1,218$938$393
23 years$2,405$1,877$1,450$1,109$842$336
24 years$2,280$1,759$1,341$1,012$757$287
25 years$2,166$1,651$1,242$924$681$246
26 years$2,060$1,551$1,152$845$613$210
27 years$1,963$1,460$1,070$773$553$180
28 years$1,872$1,376$994$709$499$154
29 years$1,788$1,298$925$650$451$132
30 years$1,710$1,226$862$596$407$114
31 years$1,637$1,159$804$548$368$97
32 years$1,568$1,096$750$503$333$84
33 years$1,504$1,038$700$463$301$72
34 years$1,444$984$654$426$273$62
35 years$1,387$933$612$392$247$53
36 years$1,334$886$572$361$224$45
37 years$1,284$841$535$333$203$39
38 years$1,236$800$501$307$184$33
39 years$1,191$760$470$283$167$29
40 years$1,148$723$440$261$151$25
41 years$1,108$689$413$241$137$21
42 years$1,069$656$387$222$125$18
43 years$1,033$625$363$205$113$16
44 years$998$596$341$189$103$13
45 years$965$568$320$175$93$12
46 years$933$542$301$161$85$10
47 years$903$517$283$149$77$9
48 years$874$494$266$138$70$7
49 years$847$471$250$127$63$6
50 years$820$450$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $840,000, adding $3,742 every year, while hoping to spend $28,243 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: 76/12/12 Blend
48$840,000$840,000$840,000$840,000
49$929,540$885,020$872,000$997,723
50$994,303$898,336$871,162$1,056,499
51$1,064,725$911,357$869,349$1,116,976
52$1,141,353$924,040$866,498$1,182,482
53$1,224,791$936,338$862,546$1,253,509
54$1,315,700$948,199$857,422$1,330,596
55$1,414,810$959,570$851,054$1,414,338
56$1,522,925$970,392$843,368$1,505,392
57$1,640,926$980,605$834,284$1,604,479
58$1,769,788$990,142$823,720$1,712,397
59$1,910,581$998,933$811,589$1,830,022
60$2,064,483$1,006,904$797,800$1,958,320
61$2,232,792$1,013,974$782,259$2,098,358
62$2,416,938$1,020,059$764,865$2,251,309
63$2,618,493$1,025,070$745,515$2,418,466
64$2,839,190$1,028,909$724,101$2,601,256
65$3,080,937$1,031,475$700,507$2,801,248
66$3,345,834$1,032,659$674,616$3,020,175
67$3,636,196$1,032,346$646,303$3,259,944
68$3,954,572$1,030,415$615,438$3,522,659
69$4,303,768$1,026,735$581,884$3,810,638
70$4,686,875$1,021,167$545,500$4,126,434
71$5,107,299$1,013,567$506,138$4,472,863
72$5,568,791$1,003,779$463,640$4,853,027
73$6,075,482$991,639$417,847$5,270,347
74$6,631,923$976,972$368,587$5,728,592
75$7,243,130$959,594$315,685$6,231,915
76$7,914,624$939,308$258,955$6,784,895
77$8,652,490$915,909$198,205$7,392,578
78$9,463,431$889,176$133,232$8,060,526
79$10,354,833$858,878$63,827$8,794,869
80$11,334,831$824,768$0$9,602,362
81$12,412,389$786,586$0$10,491,763
82$13,597,382$744,058$0$11,478,774
83$14,900,690$696,893$0$12,564,290
84$16,334,302$644,782$0$13,758,312
85$17,911,425$587,400$0$15,071,862
86$19,646,611$524,404$0$16,517,083
87$21,555,896$455,430$0$18,107,359
88$23,656,945$380,094$0$19,857,437
89$25,969,226$297,991$0$21,783,571
90$28,514,186$208,692$0$23,903,669
91$31,315,460$111,744$0$26,237,468
92$34,399,087$6,670$0$28,806,717
93$37,793,762$0$0$31,635,385
94$41,531,102$0$0$34,764,017
95$45,645,945$0$0$38,209,679
96$50,176,681$0$0$42,003,639
97$55,165,609$0$0$46,181,326
98$60,659,342$0$0$50,781,776
99$66,709,241$0$0$55,848,006
100$73,371,902$0$0$61,427,415