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%14.8%
1 years$73,495$72,841$72,202$71,579$70,970$69,565
2 years$36,384$35,706$35,050$34,413$33,795$32,386
3 years$24,015$23,334$22,679$22,049$21,441$20,071
4 years$17,832$17,153$16,505$15,885$15,292$13,972
5 years$14,123$13,448$12,808$12,201$11,625$10,359
6 years$11,651$10,982$10,351$9,757$9,198$7,987
7 years$9,886$9,222$8,602$8,022$7,481$6,325
8 years$8,563$7,905$7,295$6,729$6,206$5,105
9 years$7,534$6,883$6,283$5,732$5,226$4,180
10 years$6,712$6,067$5,478$4,941$4,453$3,460
11 years$6,040$5,401$4,823$4,300$3,830$2,889
12 years$5,480$4,848$4,280$3,772$3,319$2,428
13 years$5,006$4,381$3,824$3,330$2,894$2,053
14 years$4,601$3,982$3,436$2,956$2,537$1,743
15 years$4,250$3,638$3,102$2,636$2,234$1,486
16 years$3,943$3,338$2,812$2,360$1,974$1,271
17 years$3,673$3,074$2,559$2,121$1,750$1,090
18 years$3,432$2,840$2,336$1,911$1,556$937
19 years$3,218$2,632$2,139$1,727$1,387$806
20 years$3,025$2,446$1,963$1,564$1,239$695
21 years$2,851$2,278$1,805$1,420$1,109$600
22 years$2,692$2,127$1,664$1,291$994$519
23 years$2,548$1,989$1,536$1,175$892$449
24 years$2,416$1,864$1,421$1,072$802$389
25 years$2,295$1,749$1,316$979$722$337
26 years$2,183$1,644$1,221$895$650$293
27 years$2,079$1,547$1,133$819$586$254
28 years$1,984$1,458$1,054$751$529$221
29 years$1,895$1,375$980$688$477$192
30 years$1,812$1,299$913$632$431$166
31 years$1,734$1,228$851$580$390$145
32 years$1,662$1,162$794$533$353$126
33 years$1,594$1,100$742$490$319$109
34 years$1,530$1,043$693$451$289$95
35 years$1,470$989$648$415$262$83
36 years$1,414$939$606$383$237$72
37 years$1,360$892$567$352$215$63
38 years$1,310$847$531$325$195$55
39 years$1,262$806$498$300$177$48
40 years$1,217$767$467$276$160$41
41 years$1,174$730$437$255$145$36
42 years$1,133$695$410$235$132$31
43 years$1,094$662$385$217$120$27
44 years$1,057$631$361$201$109$24
45 years$1,022$602$339$185$99$21
46 years$989$574$319$171$90$18
47 years$957$548$299$158$81$16
48 years$926$523$281$146$74$14
49 years$897$499$265$135$67$12
50 years$869$477$249$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $890,000, adding $5,008 every year, while hoping to spend $39,146 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: 34/36/30 Blend
48$890,000$890,000$890,000$890,000
49$985,946$938,776$924,981$1,010,402
50$1,044,861$943,125$914,317$1,033,732
51$1,108,474$946,375$901,983$1,055,051
52$1,177,222$948,431$887,883$1,077,299
53$1,251,586$949,192$871,915$1,100,585
54$1,332,096$948,550$853,972$1,125,035
55$1,419,332$946,391$833,942$1,150,788
56$1,513,934$942,594$811,710$1,178,002
57$1,616,605$937,032$787,152$1,206,854
58$1,728,119$929,566$760,141$1,237,544
59$1,849,325$920,053$730,544$1,270,294
60$1,981,161$908,340$698,222$1,305,353
61$2,124,654$894,263$663,027$1,343,000
62$2,280,938$877,651$624,808$1,383,549
63$2,451,260$858,322$583,405$1,427,347
64$2,636,990$836,082$538,651$1,474,785
65$2,839,640$810,727$490,373$1,526,296
66$3,060,871$782,041$438,388$1,582,366
67$3,302,513$749,794$382,507$1,643,535
68$3,566,579$713,744$322,531$1,710,405
69$3,855,288$673,634$258,253$1,783,645
70$4,171,079$629,194$189,456$1,864,000
71$4,516,641$580,137$115,915$1,952,300
72$4,894,935$526,159$37,394$2,049,467
73$5,309,218$466,941$0$2,156,523
74$5,763,081$402,144$0$2,289,461
75$6,260,476$331,410$0$2,448,429
76$6,805,756$254,361$0$2,622,932
77$7,403,717$170,598$0$2,814,616
78$8,059,638$79,700$0$3,025,299
79$8,779,337$0$0$3,256,992
80$9,569,220$0$0$3,519,356
81$10,436,344$0$0$3,842,170
82$11,388,484$0$0$4,196,771
83$12,434,202$0$0$4,586,368
84$13,582,932$0$0$5,014,491
85$14,845,067$0$0$5,485,033
86$16,232,055$0$0$6,002,280
87$17,756,508$0$0$6,570,956
88$19,432,323$0$0$7,196,266
89$21,274,806$0$0$7,883,942
90$23,300,826$0$0$8,640,301
91$25,528,963$0$0$9,472,302
92$27,979,691$0$0$10,387,615
93$30,675,566$0$0$11,394,687
94$33,641,442$0$0$12,502,829
95$36,904,702$0$0$13,722,295
96$40,495,517$0$0$15,064,390
97$44,447,131$0$0$16,541,564
98$48,796,174$0$0$18,167,538
99$53,583,005$0$0$19,957,433
100$58,852,096$0$0$21,927,906