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%13.7%
1 years$72,670$72,022$71,391$70,774$70,172$69,095
2 years$35,975$35,305$34,656$34,026$33,415$32,333
3 years$23,745$23,072$22,425$21,801$21,200$20,146
4 years$17,631$16,961$16,319$15,706$15,120$14,102
5 years$13,964$13,297$12,664$12,064$11,494$10,515
6 years$11,520$10,858$10,235$9,648$9,095$8,157
7 years$9,775$9,119$8,505$7,932$7,397$6,499
8 years$8,467$7,816$7,213$6,654$6,136$5,279
9 years$7,450$6,806$6,213$5,668$5,168$4,351
10 years$6,637$5,999$5,416$4,886$4,403$3,626
11 years$5,972$5,340$4,768$4,252$3,787$3,048
12 years$5,418$4,793$4,232$3,729$3,281$2,581
13 years$4,950$4,332$3,781$3,293$2,862$2,198
14 years$4,549$3,937$3,397$2,923$2,508$1,880
15 years$4,202$3,597$3,067$2,607$2,209$1,615
16 years$3,899$3,300$2,781$2,334$1,952$1,392
17 years$3,631$3,039$2,530$2,097$1,731$1,203
18 years$3,394$2,808$2,310$1,890$1,539$1,042
19 years$3,182$2,603$2,115$1,708$1,372$904
20 years$2,991$2,419$1,941$1,547$1,225$786
21 years$2,818$2,253$1,785$1,404$1,096$685
22 years$2,662$2,103$1,645$1,276$983$597
23 years$2,519$1,967$1,519$1,162$882$521
24 years$2,389$1,843$1,405$1,060$793$455
25 years$2,269$1,729$1,301$968$714$398
26 years$2,158$1,625$1,207$885$643$348
27 years$2,056$1,530$1,121$810$579$305
28 years$1,961$1,441$1,042$742$523$267
29 years$1,873$1,360$969$681$472$234
30 years$1,791$1,284$903$625$427$205
31 years$1,715$1,214$842$574$386$180
32 years$1,643$1,149$785$527$349$158
33 years$1,576$1,088$733$485$316$139
34 years$1,513$1,031$685$446$286$122
35 years$1,454$978$641$411$259$107
36 years$1,398$928$599$378$235$94
37 years$1,345$882$561$349$213$83
38 years$1,295$838$525$321$193$73
39 years$1,248$797$492$296$175$64
40 years$1,203$758$461$273$159$56
41 years$1,161$721$433$252$144$49
42 years$1,120$687$406$233$131$43
43 years$1,082$655$381$215$118$38
44 years$1,046$624$357$198$108$33
45 years$1,011$595$336$183$98$29
46 years$978$568$315$169$89$26
47 years$946$542$296$156$80$23
48 years$916$517$278$144$73$20
49 years$887$494$262$133$66$18
50 years$859$472$246$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $880,000, adding $4,469 every year, while hoping to spend $21,018 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: 78/9/13 Blend
48$880,000$880,000$880,000$880,000
49$974,370$927,730$914,090$1,047,522
50$1,051,393$950,826$922,349$1,119,400
51$1,135,567$974,349$930,180$1,195,088
52$1,227,601$998,298$937,547$1,277,512
53$1,328,273$1,022,671$944,411$1,367,335
54$1,438,440$1,047,465$950,732$1,465,288
55$1,559,046$1,072,676$956,468$1,572,178
56$1,691,132$1,098,301$961,573$1,688,892
57$1,835,843$1,124,332$966,000$1,816,406
58$1,994,438$1,150,764$969,701$1,955,798
59$2,168,308$1,177,588$972,622$2,108,254
60$2,358,980$1,204,795$974,711$2,275,081
61$2,568,141$1,232,375$975,908$2,457,716
62$2,797,646$1,260,316$976,155$2,657,748
63$3,049,538$1,288,603$975,388$2,876,922
64$3,326,068$1,317,223$973,542$3,117,163
65$3,629,717$1,346,157$970,546$3,380,593
66$3,963,217$1,375,387$966,328$3,669,548
67$4,329,577$1,404,893$960,811$3,986,603
68$4,732,112$1,434,650$953,916$4,334,595
69$5,174,474$1,464,635$945,559$4,716,649
70$5,660,688$1,494,819$935,653$5,136,209
71$6,195,185$1,525,173$924,104$5,597,071
72$6,782,850$1,555,662$910,818$6,103,418
73$7,429,063$1,586,252$895,693$6,659,855
74$8,139,753$1,616,904$878,624$7,271,463
75$8,921,449$1,647,574$859,499$7,943,835
76$9,781,350$1,678,218$838,205$8,683,138
77$10,727,382$1,708,785$814,620$9,496,166
78$11,768,282$1,739,223$788,617$10,390,406
79$12,913,675$1,769,473$760,064$11,374,109
80$14,174,167$1,799,474$728,823$12,456,365
81$15,561,443$1,829,159$694,749$13,647,194
82$17,088,379$1,858,456$657,692$14,957,636
83$18,769,161$1,887,288$617,492$16,399,859
84$20,619,423$1,915,573$573,986$17,987,268
85$22,656,390$1,943,222$527,000$19,734,639
86$24,899,041$1,970,139$476,354$21,658,254
87$27,368,292$1,996,224$421,860$23,776,054
88$30,087,187$2,021,369$363,322$26,107,812
89$33,081,120$2,045,456$300,533$28,675,318
90$36,378,072$2,068,362$233,279$31,502,582
91$40,008,879$2,089,954$161,337$34,616,066
92$44,007,515$2,110,093$84,473$38,044,930
93$48,411,421$2,128,627$2,442$41,821,308
94$53,261,852$2,145,395$0$45,980,614
95$58,604,270$2,160,229$0$50,573,677
96$64,488,770$2,172,945$0$55,632,828
97$70,970,556$2,183,350$0$61,205,159
98$78,110,457$2,191,239$0$67,342,938
99$85,975,507$2,196,392$0$74,103,763
100$94,639,572$2,198,579$0$81,551,105