Can I retire at age 49 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$71,018$70,385$69,768$69,166$68,578$67,083
2 years$35,157$34,503$33,868$33,253$32,656$31,158
3 years$23,205$22,548$21,915$21,305$20,718$19,263
4 years$17,231$16,575$15,948$15,349$14,776$13,376
5 years$13,647$12,995$12,377$11,790$11,233$9,891
6 years$11,258$10,611$10,002$9,428$8,888$7,606
7 years$9,553$8,911$8,312$7,752$7,228$6,006
8 years$8,274$7,639$7,049$6,503$5,997$4,834
9 years$7,280$6,651$6,071$5,539$5,050$3,946
10 years$6,486$5,862$5,293$4,774$4,303$3,256
11 years$5,836$5,219$4,660$4,155$3,701$2,710
12 years$5,295$4,684$4,136$3,645$3,207$2,271
13 years$4,838$4,233$3,695$3,218$2,796$1,913
14 years$4,446$3,848$3,320$2,856$2,451$1,619
15 years$4,107$3,515$2,997$2,547$2,158$1,376
16 years$3,810$3,225$2,718$2,281$1,908$1,172
17 years$3,549$2,970$2,473$2,049$1,691$1,001
18 years$3,317$2,745$2,257$1,847$1,504$857
19 years$3,109$2,544$2,067$1,669$1,340$736
20 years$2,923$2,364$1,897$1,511$1,197$632
21 years$2,754$2,202$1,745$1,372$1,071$544
22 years$2,601$2,055$1,608$1,247$960$468
23 years$2,462$1,922$1,485$1,136$862$404
24 years$2,334$1,801$1,373$1,036$775$348
25 years$2,217$1,690$1,272$946$697$301
26 years$2,109$1,588$1,179$865$628$260
27 years$2,009$1,495$1,095$792$566$225
28 years$1,917$1,409$1,018$725$511$194
29 years$1,831$1,329$947$665$461$168
30 years$1,751$1,255$882$611$417$145
31 years$1,676$1,186$823$561$377$126
32 years$1,606$1,123$768$515$341$109
33 years$1,540$1,063$717$474$309$94
34 years$1,479$1,008$670$436$279$82
35 years$1,421$956$626$401$253$71
36 years$1,366$907$586$370$229$61
37 years$1,314$861$548$341$208$53
38 years$1,266$819$513$314$188$46
39 years$1,219$779$481$289$171$40
40 years$1,176$741$451$267$155$35
41 years$1,134$705$423$246$141$30
42 years$1,095$671$397$227$128$26
43 years$1,057$640$372$210$116$23
44 years$1,022$610$349$194$105$20
45 years$988$582$328$179$95$17
46 years$955$555$308$165$87$15
47 years$925$529$289$153$79$13
48 years$895$505$272$141$71$11
49 years$867$483$256$130$65$10
50 years$840$461$240$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $860,000, adding $3,101 every year, while hoping to spend $26,986 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: 82/13/5 Blend
48$860,000$860,000$860,000$860,000
49$950,919$905,339$892,009$1,028,550
50$1,019,199$920,987$893,178$1,095,372
51$1,093,540$936,498$893,482$1,164,763
52$1,174,531$951,837$892,864$1,240,095
53$1,262,821$966,964$891,262$1,321,946
54$1,359,123$981,840$888,614$1,410,951
55$1,464,225$996,421$884,853$1,507,813
56$1,578,990$1,010,660$879,910$1,613,303
57$1,704,372$1,024,508$873,713$1,728,271
58$1,841,420$1,037,910$866,183$1,853,654
59$1,991,287$1,050,810$857,243$1,990,484
60$2,155,245$1,063,146$846,807$2,139,895
61$2,334,693$1,074,854$834,788$2,303,140
62$2,531,173$1,085,862$821,095$2,481,598
63$2,746,381$1,096,099$805,630$2,676,786
64$2,982,188$1,105,483$788,294$2,890,378
65$3,240,650$1,113,930$768,981$3,124,217
66$3,524,035$1,121,352$747,581$3,380,333
67$3,834,840$1,127,651$723,978$3,660,964
68$4,175,814$1,132,727$698,052$3,968,575
69$4,549,988$1,136,471$669,677$4,305,882
70$4,960,696$1,138,768$638,721$4,675,878
71$5,411,615$1,139,495$605,046$5,081,860
72$5,906,793$1,138,524$568,509$5,527,461
73$6,450,690$1,135,715$528,958$6,016,685
74$7,048,218$1,130,923$486,236$6,553,944
75$7,704,790$1,123,993$440,179$7,144,098
76$8,426,369$1,114,759$390,615$7,792,505
77$9,219,523$1,103,046$337,365$8,505,068
78$10,091,490$1,088,670$280,242$9,288,291
79$11,050,241$1,071,435$219,049$10,149,342
80$12,104,562$1,051,131$153,583$11,096,121
81$13,264,130$1,027,540$83,631$12,137,331
82$14,539,609$1,000,426$8,970$13,282,566
83$15,942,746$969,544$0$14,542,396
84$17,486,487$934,632$0$15,932,242
85$19,185,092$895,414$0$17,461,926
86$21,054,278$851,595$0$19,145,128
87$23,111,358$802,867$0$20,997,454
88$25,375,411$748,902$0$23,036,097
89$27,867,458$689,353$0$25,280,008
90$30,610,662$623,855$0$27,750,066
91$33,630,546$552,020$0$30,469,283
92$36,955,232$473,440$0$33,463,015
93$40,615,709$387,682$0$36,759,207
94$44,646,123$294,289$0$40,388,651
95$49,084,098$192,780$0$44,385,282
96$53,971,095$82,646$0$48,786,496
97$59,352,800$0$0$53,633,501
98$65,279,552$0$0$58,976,954
99$71,806,825$0$0$64,874,873
100$78,995,747$0$0$71,370,672