Can I retire at age 49 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,670$72,022$71,391$70,774$70,172$68,560
2 years$35,975$35,305$34,656$34,026$33,415$31,799
3 years$23,745$23,072$22,425$21,801$21,200$19,631
4 years$17,631$16,961$16,319$15,706$15,120$13,611
5 years$13,964$13,297$12,664$12,064$11,494$10,048
6 years$11,520$10,858$10,235$9,648$9,095$7,714
7 years$9,775$9,119$8,505$7,932$7,397$6,081
8 years$8,467$7,816$7,213$6,654$6,136$4,886
9 years$7,450$6,806$6,213$5,668$5,168$3,981
10 years$6,637$5,999$5,416$4,886$4,403$3,279
11 years$5,972$5,340$4,768$4,252$3,787$2,724
12 years$5,418$4,793$4,232$3,729$3,281$2,278
13 years$4,950$4,332$3,781$3,293$2,862$1,916
14 years$4,549$3,937$3,397$2,923$2,508$1,618
15 years$4,202$3,597$3,067$2,607$2,209$1,372
16 years$3,899$3,300$2,781$2,334$1,952$1,166
17 years$3,631$3,039$2,530$2,097$1,731$994
18 years$3,394$2,808$2,310$1,890$1,539$849
19 years$3,182$2,603$2,115$1,708$1,372$727
20 years$2,991$2,419$1,941$1,547$1,225$623
21 years$2,818$2,253$1,785$1,404$1,096$535
22 years$2,662$2,103$1,645$1,276$983$460
23 years$2,519$1,967$1,519$1,162$882$395
24 years$2,389$1,843$1,405$1,060$793$340
25 years$2,269$1,729$1,301$968$714$293
26 years$2,158$1,625$1,207$885$643$253
27 years$2,056$1,530$1,121$810$579$218
28 years$1,961$1,441$1,042$742$523$188
29 years$1,873$1,360$969$681$472$162
30 years$1,791$1,284$903$625$427$140
31 years$1,715$1,214$842$574$386$121
32 years$1,643$1,149$785$527$349$104
33 years$1,576$1,088$733$485$316$90
34 years$1,513$1,031$685$446$286$78
35 years$1,454$978$641$411$259$67
36 years$1,398$928$599$378$235$58
37 years$1,345$882$561$349$213$50
38 years$1,295$838$525$321$193$44
39 years$1,248$797$492$296$175$38
40 years$1,203$758$461$273$159$33
41 years$1,161$721$433$252$144$28
42 years$1,120$687$406$233$131$24
43 years$1,082$655$381$215$118$21
44 years$1,046$624$357$198$108$18
45 years$1,011$595$336$183$98$16
46 years$978$568$315$169$89$14
47 years$946$542$296$156$80$12
48 years$916$517$278$144$73$10
49 years$887$494$262$133$66$9
50 years$859$472$246$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $880,000, adding $6,600 every year, while hoping to spend $23,667 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: 51/32/17 Blend
48$880,000$880,000$880,000$880,000
49$976,568$929,928$916,288$1,021,496
50$1,050,996$950,313$921,802$1,073,486
51$1,132,223$970,903$926,708$1,126,969
52$1,220,917$991,685$930,959$1,184,600
53$1,317,814$1,012,640$934,510$1,246,778
54$1,423,723$1,033,752$937,308$1,313,944
55$1,539,538$1,055,001$939,303$1,386,583
56$1,666,239$1,076,364$940,438$1,465,230
57$1,804,908$1,097,819$940,655$1,550,475
58$1,956,736$1,119,339$939,894$1,642,968
59$2,123,033$1,140,898$938,091$1,743,425
60$2,305,245$1,162,464$935,180$1,852,636
61$2,504,960$1,184,005$931,089$1,971,472
62$2,723,931$1,205,486$925,745$2,100,891
63$2,964,086$1,226,868$919,071$2,241,953
64$3,227,549$1,248,112$910,987$2,395,822
65$3,516,662$1,269,171$901,407$2,563,785
66$3,834,000$1,290,000$890,243$2,747,259
67$4,182,405$1,310,546$877,403$2,947,806
68$4,565,002$1,330,755$862,788$3,167,148
69$4,985,239$1,350,568$846,298$3,407,185
70$5,446,909$1,369,923$827,825$3,670,009
71$5,954,195$1,388,750$807,258$3,957,929
72$6,511,703$1,406,979$784,481$4,273,488
73$7,124,507$1,424,531$759,372$4,619,492
74$7,798,199$1,441,325$731,803$4,999,032
75$8,538,937$1,457,272$701,640$5,415,518
76$9,353,508$1,472,278$668,745$5,872,708
77$10,249,389$1,486,243$632,971$6,374,743
78$11,234,817$1,499,059$594,166$6,926,193
79$12,318,869$1,510,613$552,170$7,532,090
80$13,511,544$1,520,783$506,818$8,197,986
81$14,823,860$1,529,441$457,936$8,930,000
82$16,267,959$1,536,448$405,341$9,734,875
83$17,857,215$1,541,658$348,845$10,620,049
84$19,606,368$1,544,917$288,248$11,593,717
85$21,531,658$1,546,058$223,345$12,664,916
86$23,650,978$1,544,906$153,918$13,843,604
87$25,984,047$1,541,275$79,743$15,140,762
88$28,552,590$1,534,968$585$16,568,493
89$31,380,546$1,525,774$0$18,140,138
90$34,494,296$1,513,470$0$19,885,619
91$37,922,905$1,497,821$0$21,807,032
92$41,698,403$1,478,576$0$23,922,188
93$45,856,084$1,455,470$0$26,250,833
94$50,434,838$1,428,222$0$28,814,730
95$55,477,521$1,396,534$0$31,637,864
96$61,031,354$1,360,091$0$34,746,668
97$67,148,375$1,318,558$0$38,170,277
98$73,885,925$1,271,583$0$41,940,797
99$81,307,189$1,218,790$0$46,093,615
100$89,481,797$1,159,786$0$50,667,731