Can I retire at age 49 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$71,844$71,204$70,579$69,970$69,375$66,728
2 years$35,566$34,904$34,262$33,639$33,036$30,400
3 years$23,475$22,810$22,170$21,553$20,959$18,418
4 years$17,431$16,768$16,134$15,528$14,948$12,520
5 years$13,805$13,146$12,521$11,927$11,363$9,056
6 years$11,389$10,735$10,118$9,538$8,992$6,805
7 years$9,664$9,015$8,408$7,842$7,313$5,247
8 years$8,371$7,728$7,131$6,578$6,066$4,120
9 years$7,365$6,728$6,142$5,603$5,109$3,278
10 years$6,561$5,931$5,355$4,830$4,353$2,635
11 years$5,904$5,280$4,714$4,204$3,744$2,134
12 years$5,357$4,739$4,184$3,687$3,244$1,739
13 years$4,894$4,282$3,738$3,255$2,829$1,425
14 years$4,498$3,893$3,359$2,890$2,480$1,171
15 years$4,154$3,556$3,032$2,577$2,183$966
16 years$3,854$3,263$2,749$2,307$1,930$799
17 years$3,590$3,005$2,502$2,073$1,711$662
18 years$3,355$2,776$2,284$1,868$1,521$549
19 years$3,145$2,573$2,091$1,688$1,356$456
20 years$2,957$2,391$1,919$1,529$1,211$380
21 years$2,786$2,227$1,765$1,388$1,084$316
22 years$2,632$2,079$1,627$1,262$972$264
23 years$2,491$1,945$1,502$1,149$872$220
24 years$2,362$1,822$1,389$1,048$784$183
25 years$2,243$1,710$1,286$957$705$153
26 years$2,134$1,607$1,193$875$635$128
27 years$2,033$1,512$1,108$801$573$107
28 years$1,939$1,425$1,030$734$517$89
29 years$1,852$1,344$958$673$467$75
30 years$1,771$1,270$893$618$422$62
31 years$1,695$1,200$832$567$381$52
32 years$1,624$1,136$777$521$345$44
33 years$1,558$1,075$725$479$312$37
34 years$1,496$1,019$677$441$283$31
35 years$1,437$967$633$406$256$26
36 years$1,382$918$593$374$232$21
37 years$1,330$872$555$345$210$18
38 years$1,280$828$519$318$191$15
39 years$1,234$788$487$293$173$13
40 years$1,189$749$456$270$157$10
41 years$1,147$713$428$249$142$9
42 years$1,108$679$401$230$129$7
43 years$1,070$647$376$212$117$6
44 years$1,034$617$353$196$106$5
45 years$999$588$332$181$97$4
46 years$967$561$312$167$88$4
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$2
50 years$849$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $870,000, adding $2,542 every year, while hoping to spend $26,617 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: 48/26/26 Blend
48$870,000$870,000$870,000$870,000
49$961,362$915,252$901,767$1,000,277
50$1,031,101$931,779$903,656$1,044,360
51$1,107,061$948,224$904,716$1,089,372
52$1,189,848$964,554$904,892$1,137,730
53$1,280,131$980,736$904,124$1,189,760
54$1,378,644$996,731$902,351$1,245,824
55$1,486,195$1,012,500$899,509$1,306,322
56$1,603,674$1,028,000$895,530$1,371,696
57$1,732,062$1,043,185$890,343$1,442,431
58$1,872,437$1,058,006$883,874$1,519,066
59$2,025,986$1,072,409$876,046$1,602,193
60$2,194,019$1,086,340$866,775$1,692,467
61$2,377,974$1,099,736$855,978$1,790,610
62$2,579,439$1,112,533$843,564$1,897,419
63$2,800,158$1,124,664$829,439$2,013,775
64$3,042,055$1,136,054$813,507$2,140,649
65$3,307,249$1,146,625$795,664$2,279,111
66$3,598,072$1,156,293$775,802$2,430,345
67$3,917,094$1,164,970$753,810$2,595,654
68$4,267,144$1,172,560$729,569$2,776,480
69$4,651,341$1,178,964$702,958$2,974,410
70$5,073,118$1,184,073$673,847$3,191,198
71$5,536,257$1,187,773$642,102$3,428,776
72$6,044,925$1,189,944$607,582$3,689,277
73$6,603,712$1,190,457$570,141$3,975,057
74$7,217,676$1,189,174$529,626$4,288,710
75$7,892,385$1,185,950$485,875$4,633,101
76$8,633,978$1,180,631$438,721$5,011,389
77$9,449,215$1,173,053$387,990$5,427,059
78$10,345,546$1,163,043$333,498$5,883,954
79$11,331,176$1,150,417$275,055$6,386,315
80$12,415,148$1,134,979$212,461$6,938,817
81$13,607,422$1,116,523$145,508$7,546,617
82$14,918,976$1,094,829$73,979$8,215,404
83$16,361,901$1,069,666$0$8,951,449
84$17,949,523$1,040,787$0$9,762,323
85$19,696,521$1,007,932$0$10,676,947
86$21,619,071$970,826$0$11,683,255
87$23,734,997$929,177$0$12,790,595
88$26,063,937$882,677$0$14,009,272
89$28,627,529$830,999$0$15,350,640
90$31,449,618$773,799$0$16,827,219
91$34,556,476$710,712$0$18,452,804
92$37,977,052$641,351$0$20,242,604
93$41,743,244$565,311$0$22,213,379
94$45,890,203$482,159$0$24,383,604
95$50,456,660$391,441$0$26,773,642
96$55,485,293$292,676$0$29,405,936
97$61,023,132$185,356$0$32,305,224
98$67,121,998$68,945$0$35,498,771
99$73,838,996$0$0$39,016,626
100$81,237,049$0$0$42,908,254