Can I retire at age 49 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$70,192$69,567$68,957$68,362$67,780$66,115
2 years$34,749$34,101$33,474$32,866$32,276$30,609
3 years$22,936$22,286$21,660$21,058$20,477$18,860
4 years$17,030$16,382$15,763$15,171$14,605$13,049
5 years$13,488$12,844$12,233$11,653$11,102$9,614
6 years$11,127$10,488$9,886$9,319$8,785$7,365
7 years$9,442$8,808$8,215$7,661$7,144$5,792
8 years$8,178$7,550$6,967$6,427$5,927$4,643
9 years$7,196$6,574$6,001$5,474$4,991$3,774
10 years$6,410$5,794$5,232$4,719$4,253$3,101
11 years$5,768$5,158$4,606$4,107$3,658$2,569
12 years$5,234$4,630$4,088$3,602$3,170$2,143
13 years$4,781$4,184$3,652$3,180$2,764$1,797
14 years$4,394$3,803$3,281$2,823$2,423$1,514
15 years$4,059$3,474$2,963$2,518$2,133$1,280
16 years$3,766$3,188$2,686$2,254$1,885$1,085
17 years$3,507$2,936$2,444$2,026$1,672$922
18 years$3,278$2,713$2,231$1,825$1,486$786
19 years$3,073$2,514$2,043$1,649$1,325$671
20 years$2,889$2,336$1,875$1,494$1,183$573
21 years$2,722$2,176$1,724$1,356$1,059$490
22 years$2,571$2,031$1,589$1,233$949$420
23 years$2,433$1,900$1,467$1,123$852$360
24 years$2,307$1,780$1,357$1,024$766$309
25 years$2,191$1,670$1,257$935$689$265
26 years$2,085$1,570$1,166$855$621$228
27 years$1,986$1,478$1,082$783$560$196
28 years$1,894$1,392$1,006$717$505$168
29 years$1,809$1,313$936$658$456$145
30 years$1,730$1,240$872$603$412$125
31 years$1,656$1,173$813$554$373$107
32 years$1,587$1,109$759$509$337$92
33 years$1,522$1,051$708$468$305$80
34 years$1,461$996$662$431$276$68
35 years$1,404$945$619$397$250$59
36 years$1,350$897$579$365$227$51
37 years$1,299$851$542$337$205$44
38 years$1,251$809$507$310$186$38
39 years$1,205$769$475$286$169$33
40 years$1,162$732$446$264$153$28
41 years$1,121$697$418$243$139$24
42 years$1,082$664$392$225$126$21
43 years$1,045$632$368$207$114$18
44 years$1,010$603$345$192$104$15
45 years$976$575$324$177$94$13
46 years$944$548$304$163$86$11
47 years$914$523$286$151$78$10
48 years$885$500$269$139$71$9
49 years$857$477$253$129$64$7
50 years$830$456$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $850,000, adding $4,237 every year, while hoping to spend $31,884 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: 55/31/14 Blend
48$850,000$850,000$850,000$850,000
49$941,070$896,020$882,845$989,167
50$1,003,135$906,001$878,496$1,032,310
51$1,070,462$915,402$872,933$1,075,450
52$1,143,554$924,162$866,081$1,121,692
53$1,222,964$932,213$857,863$1,171,338
54$1,309,302$939,487$848,196$1,224,723
55$1,403,236$945,907$836,996$1,282,215
56$1,505,503$951,394$824,173$1,344,223
57$1,616,915$955,862$809,632$1,411,197
58$1,738,362$959,222$793,278$1,483,633
59$1,870,828$961,377$775,005$1,562,082
60$2,015,393$962,224$754,708$1,647,149
61$2,173,246$961,656$732,274$1,739,504
62$2,345,697$959,557$707,585$1,839,886
63$2,534,188$955,805$680,519$1,949,111
64$2,740,305$950,270$650,946$2,068,082
65$2,965,797$942,814$618,734$2,197,792
66$3,212,587$933,291$583,740$2,339,341
67$3,482,795$921,546$545,819$2,493,941
68$3,778,753$907,415$504,817$2,662,931
69$4,103,031$890,724$460,575$2,847,789
70$4,458,460$871,289$412,923$3,050,146
71$4,848,155$848,914$361,689$3,271,802
72$5,275,550$823,394$306,688$3,514,744
73$5,744,424$794,508$247,730$3,781,166
74$6,258,943$762,027$184,617$4,073,487
75$6,823,694$725,705$117,140$4,394,379
76$7,443,729$685,282$45,082$4,746,787
77$8,124,613$640,485$0$5,133,964
78$8,872,480$591,025$0$5,564,250
79$9,694,082$536,594$0$6,044,348
80$10,596,860$476,869$0$6,571,920
81$11,589,013$411,509$0$7,151,823
82$12,679,570$340,150$0$7,789,412
83$13,878,480$262,412$0$8,490,594
84$15,196,707$177,892$0$9,261,881
85$16,646,324$86,162$0$10,110,454
86$18,240,639$0$0$11,044,231
87$19,994,310$0$0$12,076,453
88$21,923,489$0$0$13,244,403
89$24,045,971$0$0$14,529,471
90$26,381,365$0$0$15,943,543
91$28,951,274$0$0$17,499,709
92$31,779,503$0$0$19,212,397
93$34,892,279$0$0$21,097,503
94$38,318,504$0$0$23,172,540
95$42,090,021$0$0$25,456,809
96$46,241,919$0$0$27,971,575
97$50,812,859$0$0$30,740,269
98$55,845,444$0$0$33,788,710
99$61,386,618$0$0$37,145,351
100$67,488,108$0$0$40,841,539