Can I retire at age 49 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$73,495$72,841$72,202$71,579$70,970$70,112
2 years$36,384$35,706$35,050$34,413$33,795$32,932
3 years$24,015$23,334$22,679$22,049$21,441$20,599
4 years$17,832$17,153$16,505$15,885$15,292$14,478
5 years$14,123$13,448$12,808$12,201$11,625$10,841
6 years$11,651$10,982$10,351$9,757$9,198$8,445
7 years$9,886$9,222$8,602$8,022$7,481$6,759
8 years$8,563$7,905$7,295$6,729$6,206$5,516
9 years$7,534$6,883$6,283$5,732$5,226$4,567
10 years$6,712$6,067$5,478$4,941$4,453$3,825
11 years$6,040$5,401$4,823$4,300$3,830$3,232
12 years$5,480$4,848$4,280$3,772$3,319$2,750
13 years$5,006$4,381$3,824$3,330$2,894$2,354
14 years$4,601$3,982$3,436$2,956$2,537$2,025
15 years$4,250$3,638$3,102$2,636$2,234$1,749
16 years$3,943$3,338$2,812$2,360$1,974$1,516
17 years$3,673$3,074$2,559$2,121$1,750$1,317
18 years$3,432$2,840$2,336$1,911$1,556$1,148
19 years$3,218$2,632$2,139$1,727$1,387$1,002
20 years$3,025$2,446$1,963$1,564$1,239$876
21 years$2,851$2,278$1,805$1,420$1,109$768
22 years$2,692$2,127$1,664$1,291$994$673
23 years$2,548$1,989$1,536$1,175$892$591
24 years$2,416$1,864$1,421$1,072$802$520
25 years$2,295$1,749$1,316$979$722$458
26 years$2,183$1,644$1,221$895$650$403
27 years$2,079$1,547$1,133$819$586$355
28 years$1,984$1,458$1,054$751$529$313
29 years$1,895$1,375$980$688$477$276
30 years$1,812$1,299$913$632$431$244
31 years$1,734$1,228$851$580$390$215
32 years$1,662$1,162$794$533$353$190
33 years$1,594$1,100$742$490$319$168
34 years$1,530$1,043$693$451$289$149
35 years$1,470$989$648$415$262$131
36 years$1,414$939$606$383$237$116
37 years$1,360$892$567$352$215$103
38 years$1,310$847$531$325$195$91
39 years$1,262$806$498$300$177$80
40 years$1,217$767$467$276$160$71
41 years$1,174$730$437$255$145$63
42 years$1,133$695$410$235$132$56
43 years$1,094$662$385$217$120$49
44 years$1,057$631$361$201$109$44
45 years$1,022$602$339$185$99$39
46 years$989$574$319$171$90$34
47 years$957$548$299$158$81$30
48 years$926$523$281$146$74$27
49 years$897$499$265$135$67$24
50 years$869$477$249$125$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $890,000, adding $3,275 every year, while hoping to spend $46,960 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: 63/7/30 Blend
48$890,000$890,000$890,000$890,000
49$984,158$936,988$923,193$1,038,038
50$1,034,577$932,936$904,155$1,070,989
51$1,088,565$927,110$882,905$1,101,576
52$1,146,436$919,376$859,320$1,134,000
53$1,208,536$909,589$833,270$1,168,448
54$1,275,242$897,594$804,620$1,205,130
55$1,346,970$883,230$773,229$1,244,279
56$1,424,177$866,324$738,948$1,286,153
57$1,507,363$846,694$701,623$1,331,039
58$1,597,079$824,147$661,092$1,379,255
59$1,693,929$798,477$617,186$1,431,152
60$1,798,576$769,469$569,728$1,487,122
61$1,911,751$736,894$518,535$1,547,598
62$2,034,257$700,509$463,413$1,613,058
63$2,166,974$660,057$404,160$1,684,035
64$2,310,873$615,267$340,567$1,761,115
65$2,467,021$565,854$272,414$1,844,952
66$2,636,589$511,512$199,472$1,936,265
67$2,820,867$451,923$121,501$2,035,853
68$3,021,276$386,748$38,252$2,144,598
69$3,239,376$315,628$0$2,263,479
70$3,476,885$238,186$0$2,409,769
71$3,735,693$154,023$0$2,582,589
72$4,017,881$62,717$0$2,771,095
73$4,325,737$0$0$2,976,842
74$4,661,784$0$0$3,204,333
75$5,028,794$0$0$3,458,120
76$5,429,822$0$0$3,735,493
77$5,868,229$0$0$4,038,784
78$6,347,717$0$0$4,370,562
79$6,872,363$0$0$4,733,655
80$7,446,654$0$0$5,131,180
81$8,075,531$0$0$5,566,564
82$8,764,438$0$0$6,043,586
83$9,519,367$0$0$6,566,405
84$10,346,919$0$0$7,139,602
85$11,254,363$0$0$7,768,223
86$12,249,707$0$0$8,457,825
87$13,341,768$0$0$9,214,530
88$14,540,262$0$0$10,045,080
89$15,855,887$0$0$10,956,903
90$17,300,431$0$0$11,958,178
91$18,886,876$0$0$13,057,920
92$20,629,525$0$0$14,266,055
93$22,544,134$0$0$15,593,522
94$24,648,061$0$0$17,052,368
95$26,960,428$0$0$18,655,868
96$29,502,302$0$0$20,418,646
97$32,296,891$0$0$22,356,814
98$35,369,768$0$0$24,488,123
99$38,749,104$0$0$26,832,128
100$42,465,938$0$0$29,410,378