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%11.6%
1 years$71,018$70,385$69,768$69,166$68,578$68,117
2 years$35,157$34,503$33,868$33,253$32,656$32,191
3 years$23,205$22,548$21,915$21,305$20,718$20,264
4 years$17,231$16,575$15,948$15,349$14,776$14,336
5 years$13,647$12,995$12,377$11,790$11,233$10,808
6 years$11,258$10,611$10,002$9,428$8,888$8,479
7 years$9,553$8,911$8,312$7,752$7,228$6,835
8 years$8,274$7,639$7,049$6,503$5,997$5,619
9 years$7,280$6,651$6,071$5,539$5,050$4,689
10 years$6,486$5,862$5,293$4,774$4,303$3,957
11 years$5,836$5,219$4,660$4,155$3,701$3,371
12 years$5,295$4,684$4,136$3,645$3,207$2,892
13 years$4,838$4,233$3,695$3,218$2,796$2,496
14 years$4,446$3,848$3,320$2,856$2,451$2,166
15 years$4,107$3,515$2,997$2,547$2,158$1,887
16 years$3,810$3,225$2,718$2,281$1,908$1,650
17 years$3,549$2,970$2,473$2,049$1,691$1,447
18 years$3,317$2,745$2,257$1,847$1,504$1,272
19 years$3,109$2,544$2,067$1,669$1,340$1,121
20 years$2,923$2,364$1,897$1,511$1,197$990
21 years$2,754$2,202$1,745$1,372$1,071$876
22 years$2,601$2,055$1,608$1,247$960$776
23 years$2,462$1,922$1,485$1,136$862$688
24 years$2,334$1,801$1,373$1,036$775$611
25 years$2,217$1,690$1,272$946$697$543
26 years$2,109$1,588$1,179$865$628$483
27 years$2,009$1,495$1,095$792$566$430
28 years$1,917$1,409$1,018$725$511$383
29 years$1,831$1,329$947$665$461$342
30 years$1,751$1,255$882$611$417$305
31 years$1,676$1,186$823$561$377$272
32 years$1,606$1,123$768$515$341$243
33 years$1,540$1,063$717$474$309$217
34 years$1,479$1,008$670$436$279$194
35 years$1,421$956$626$401$253$173
36 years$1,366$907$586$370$229$155
37 years$1,314$861$548$341$208$139
38 years$1,266$819$513$314$188$124
39 years$1,219$779$481$289$171$111
40 years$1,176$741$451$267$155$99
41 years$1,134$705$423$246$141$89
42 years$1,095$671$397$227$128$79
43 years$1,057$640$372$210$116$71
44 years$1,022$610$349$194$105$64
45 years$988$582$328$179$95$57
46 years$955$555$308$165$87$51
47 years$925$529$289$153$79$46
48 years$895$505$272$141$71$41
49 years$867$483$256$130$65$37
50 years$840$461$240$121$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $860,000, adding $4,354 every year, while hoping to spend $24,357 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: 78/7/15 Blend
48$860,000$860,000$860,000$860,000
49$952,211$906,631$893,301$1,023,145
50$1,023,421$925,140$897,311$1,089,011
51$1,101,078$943,740$900,639$1,157,716
52$1,185,814$962,410$903,236$1,232,399
53$1,278,324$981,125$905,052$1,313,649
54$1,379,375$999,861$906,033$1,402,115
55$1,489,808$1,018,592$906,122$1,498,510
56$1,610,553$1,037,287$905,261$1,603,620
57$1,742,630$1,055,915$903,388$1,718,312
58$1,887,164$1,074,441$900,438$1,843,541
59$2,045,395$1,092,829$896,343$1,980,357
60$2,218,686$1,111,038$891,031$2,129,920
61$2,408,540$1,129,027$884,429$2,293,506
62$2,616,611$1,146,749$876,457$2,472,522
63$2,844,720$1,164,155$867,033$2,668,517
64$3,094,875$1,181,191$856,072$2,883,200
65$3,369,286$1,197,803$843,484$3,118,451
66$3,670,386$1,213,929$829,174$3,376,345
67$4,000,858$1,229,504$813,043$3,659,167
68$4,363,655$1,244,459$794,990$3,969,433
69$4,762,030$1,258,720$774,905$4,309,920
70$5,199,569$1,272,208$752,675$4,683,684
71$5,680,218$1,284,840$728,183$5,094,095
72$6,208,327$1,296,524$701,304$5,544,866
73$6,788,689$1,307,166$671,910$6,040,089
74$7,426,582$1,316,664$639,866$6,584,272
75$8,127,821$1,324,908$605,029$7,182,385
76$8,898,814$1,331,784$567,253$7,839,905
77$9,746,620$1,337,168$526,383$8,562,865
78$10,679,016$1,340,930$482,257$9,357,917
79$11,704,571$1,342,932$434,709$10,232,390
80$12,832,726$1,343,024$383,560$11,194,361
81$14,073,883$1,341,051$328,628$12,252,732
82$15,439,503$1,336,847$269,721$13,417,311
83$16,942,214$1,330,233$206,638$14,698,910
84$18,595,930$1,321,025$139,170$16,109,442
85$20,415,981$1,309,021$67,099$17,662,038
86$22,419,260$1,294,013$0$19,371,165
87$24,624,381$1,275,775$0$21,254,342
88$27,051,852$1,254,073$0$23,339,133
89$29,724,272$1,228,654$0$25,634,194
90$32,666,543$1,199,253$0$28,160,911
91$35,906,103$1,165,589$0$30,942,846
92$39,473,187$1,127,364$0$34,005,966
93$43,401,110$1,084,263$0$37,378,885
94$47,726,583$1,035,952$0$41,093,134
95$52,490,060$982,078$0$45,183,458
96$57,736,114$922,269$0$49,688,144
97$63,513,867$856,129$0$54,649,385
98$69,877,444$783,241$0$60,113,674
99$76,886,487$703,165$0$66,132,245
100$84,606,723$615,433$0$72,761,558