Can I retire at age 49 with 880,000?

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 $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%11.5%
1 years$72,670$72,022$71,391$70,774$70,172$69,730
2 years$35,975$35,305$34,656$34,026$33,415$32,969
3 years$23,745$23,072$22,425$21,801$21,200$20,764
4 years$17,631$16,961$16,319$15,706$15,120$14,697
5 years$13,964$13,297$12,664$12,064$11,494$11,086
6 years$11,520$10,858$10,235$9,648$9,095$8,702
7 years$9,775$9,119$8,505$7,932$7,397$7,019
8 years$8,467$7,816$7,213$6,654$6,136$5,774
9 years$7,450$6,806$6,213$5,668$5,168$4,820
10 years$6,637$5,999$5,416$4,886$4,403$4,071
11 years$5,972$5,340$4,768$4,252$3,787$3,469
12 years$5,418$4,793$4,232$3,729$3,281$2,978
13 years$4,950$4,332$3,781$3,293$2,862$2,573
14 years$4,549$3,937$3,397$2,923$2,508$2,233
15 years$4,202$3,597$3,067$2,607$2,209$1,947
16 years$3,899$3,300$2,781$2,334$1,952$1,704
17 years$3,631$3,039$2,530$2,097$1,731$1,495
18 years$3,394$2,808$2,310$1,890$1,539$1,316
19 years$3,182$2,603$2,115$1,708$1,372$1,160
20 years$2,991$2,419$1,941$1,547$1,225$1,025
21 years$2,818$2,253$1,785$1,404$1,096$908
22 years$2,662$2,103$1,645$1,276$983$805
23 years$2,519$1,967$1,519$1,162$882$714
24 years$2,389$1,843$1,405$1,060$793$635
25 years$2,269$1,729$1,301$968$714$565
26 years$2,158$1,625$1,207$885$643$503
27 years$2,056$1,530$1,121$810$579$448
28 years$1,961$1,441$1,042$742$523$400
29 years$1,873$1,360$969$681$472$356
30 years$1,791$1,284$903$625$427$318
31 years$1,715$1,214$842$574$386$284
32 years$1,643$1,149$785$527$349$254
33 years$1,576$1,088$733$485$316$227
34 years$1,513$1,031$685$446$286$203
35 years$1,454$978$641$411$259$182
36 years$1,398$928$599$378$235$163
37 years$1,345$882$561$349$213$145
38 years$1,295$838$525$321$193$130
39 years$1,248$797$492$296$175$117
40 years$1,203$758$461$273$159$104
41 years$1,161$721$433$252$144$94
42 years$1,120$687$406$233$131$84
43 years$1,082$655$381$215$118$75
44 years$1,046$624$357$198$108$67
45 years$1,011$595$336$183$98$60
46 years$978$568$315$169$89$54
47 years$946$542$296$156$80$48
48 years$916$517$278$144$73$43
49 years$887$494$262$133$66$39
50 years$859$472$246$123$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $880,000, adding $2,537 every year, while hoping to spend $54,045 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: 73/21/6 Blend
48$880,000$880,000$880,000$880,000
49$972,377$925,737$912,097$1,042,501
50$1,014,056$913,595$885,149$1,076,900
51$1,058,175$899,046$855,486$1,107,505
52$1,104,925$881,916$822,962$1,139,486
53$1,154,517$862,019$787,421$1,172,961
54$1,207,180$839,160$748,701$1,208,061
55$1,263,163$813,129$706,633$1,244,932
56$1,322,741$783,708$661,041$1,283,736
57$1,386,215$750,664$611,740$1,324,651
58$1,453,912$713,750$558,536$1,367,875
59$1,526,193$672,706$501,229$1,413,628
60$1,603,452$627,256$439,608$1,462,154
61$1,686,121$577,108$373,452$1,513,723
62$1,774,675$521,956$302,532$1,568,635
63$1,869,633$461,473$226,608$1,627,221
64$1,971,566$395,316$145,430$1,689,850
65$2,081,100$323,121$58,737$1,756,929
66$2,198,923$244,504$0$1,828,909
67$2,325,788$159,060$0$1,908,454
68$2,462,524$66,360$0$1,998,108
69$2,610,042$0$0$2,094,739
70$2,769,341$0$0$2,206,916
71$2,941,521$0$0$2,344,769
72$3,127,789$0$0$2,493,935
73$3,329,473$0$0$2,655,481
74$3,548,032$0$0$2,830,580
75$3,785,070$0$0$3,020,523
76$4,042,354$0$0$3,226,728
77$4,321,824$0$0$3,450,757
78$4,625,614$0$0$3,694,326
79$4,956,075$0$0$3,959,324
80$5,315,790$0$0$4,247,830
81$5,707,604$0$0$4,562,130
82$6,134,644$0$0$4,904,741
83$6,600,356$0$0$5,278,432
84$7,108,530$0$0$5,686,252
85$7,663,339$0$0$6,131,556
86$8,269,374$0$0$6,618,039
87$8,931,693$0$0$7,149,766
88$9,655,862$0$0$7,731,216
89$10,448,010$0$0$8,367,316
90$11,314,886$0$0$9,063,496
91$12,263,920$0$0$9,825,731
92$13,303,295$0$0$10,660,604
93$14,442,023$0$0$11,575,362
94$15,690,028$0$0$12,577,987
95$17,058,239$0$0$13,677,272
96$18,558,694$0$0$14,882,898
97$20,204,652$0$0$16,205,530
98$22,010,716$0$0$17,656,915
99$23,992,972$0$0$19,249,991
100$26,169,139$0$0$20,999,012