Can I retire at age 49 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$75,147$74,478$73,825$73,187$72,565$70,724
2 years$37,201$36,509$35,837$35,186$34,555$32,712
3 years$24,555$23,859$23,189$22,544$21,923$20,137
4 years$18,232$17,539$16,876$16,242$15,636$13,919
5 years$14,440$13,751$13,096$12,475$11,886$10,243
6 years$11,913$11,228$10,584$9,977$9,405$7,838
7 years$10,108$9,430$8,795$8,202$7,649$6,158
8 years$8,755$8,083$7,459$6,881$6,345$4,930
9 years$7,704$7,038$6,424$5,861$5,344$4,003
10 years$6,863$6,203$5,601$5,052$4,553$3,285
11 years$6,175$5,522$4,931$4,397$3,916$2,718
12 years$5,603$4,957$4,376$3,857$3,393$2,264
13 years$5,119$4,479$3,910$3,405$2,959$1,896
14 years$4,704$4,072$3,513$3,022$2,594$1,595
15 years$4,345$3,719$3,172$2,695$2,284$1,347
16 years$4,032$3,413$2,876$2,413$2,019$1,140
17 years$3,755$3,143$2,617$2,168$1,790$968
18 years$3,510$2,904$2,389$1,954$1,591$823
19 years$3,290$2,692$2,187$1,766$1,418$701
20 years$3,093$2,501$2,007$1,599$1,267$599
21 years$2,915$2,330$1,846$1,451$1,134$511
22 years$2,753$2,175$1,701$1,320$1,016$437
23 years$2,605$2,034$1,571$1,202$912$374
24 years$2,470$1,906$1,453$1,096$820$321
25 years$2,346$1,788$1,346$1,001$738$275
26 years$2,232$1,681$1,248$915$665$236
27 years$2,126$1,582$1,159$838$599$202
28 years$2,028$1,491$1,077$768$541$174
29 years$1,937$1,406$1,003$704$488$149
30 years$1,852$1,328$934$646$441$128
31 years$1,773$1,255$871$593$399$110
32 years$1,699$1,188$812$545$361$95
33 years$1,630$1,125$758$501$326$81
34 years$1,564$1,066$709$461$296$70
35 years$1,503$1,011$662$425$268$60
36 years$1,445$960$620$391$243$52
37 years$1,391$912$580$360$220$44
38 years$1,339$866$543$332$199$38
39 years$1,290$824$509$306$181$33
40 years$1,244$784$477$283$164$28
41 years$1,200$746$447$261$149$24
42 years$1,159$711$420$241$135$21
43 years$1,119$677$394$222$122$18
44 years$1,081$645$370$205$111$16
45 years$1,045$615$347$189$101$13
46 years$1,011$587$326$175$92$11
47 years$978$560$306$162$83$10
48 years$947$535$288$149$76$9
49 years$917$511$270$138$69$7
50 years$888$488$254$128$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $910,000, adding $5,063 every year, while hoping to spend $59,755 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: 64/13/23 Blend
48$910,000$910,000$910,000$910,000
49$1,008,042$959,812$945,707$1,066,227
50$1,047,284$943,264$913,810$1,089,524
51$1,088,525$923,903$878,841$1,107,817
52$1,131,908$901,527$840,635$1,126,444
53$1,177,584$875,923$799,018$1,145,444
54$1,225,721$846,867$753,808$1,164,859
55$1,276,501$814,120$704,817$1,184,742
56$1,330,122$777,430$651,846$1,205,151
57$1,386,800$736,529$594,689$1,226,152
58$1,446,770$691,136$533,128$1,247,822
59$1,510,291$640,952$466,938$1,270,248
60$1,577,644$585,662$395,883$1,293,531
61$1,649,135$524,931$319,717$1,317,782
62$1,725,102$458,407$238,183$1,343,130
63$1,805,911$385,718$151,011$1,369,720
64$1,891,966$306,470$57,922$1,397,716
65$1,983,707$220,248$0$1,427,302
66$2,081,616$126,611$0$1,468,852
67$2,186,223$25,097$0$1,528,264
68$2,298,106$0$0$1,591,652
69$2,417,901$0$0$1,671,519
70$2,546,306$0$0$1,761,016
71$2,684,083$0$0$1,857,090
72$2,832,073$0$0$1,960,332
73$2,991,195$0$0$2,071,390
74$3,162,460$0$0$2,190,976
75$3,346,979$0$0$2,319,870
76$3,545,970$0$0$2,458,933
77$3,760,772$0$0$2,609,107
78$3,992,857$0$0$2,771,428
79$4,243,843$0$0$2,947,037
80$4,515,506$0$0$3,137,184
81$4,809,800$0$0$3,343,247
82$5,128,874$0$0$3,566,740
83$5,475,091$0$0$3,809,328
84$5,851,049$0$0$4,072,841
85$6,259,605$0$0$4,359,293
86$6,703,905$0$0$4,670,901
87$7,187,406$0$0$5,010,102
88$7,713,915$0$0$5,379,579
89$8,287,620$0$0$5,782,284
90$8,913,130$0$0$6,221,465
91$9,595,517$0$0$6,700,698
92$10,340,365$0$0$7,223,919
93$11,153,820$0$0$7,795,461
94$12,042,647$0$0$8,420,094
95$13,014,296$0$0$9,103,068
96$14,076,967$0$0$9,850,165
97$15,239,689$0$0$10,667,752
98$16,512,406$0$0$11,562,838
99$17,906,065$0$0$12,543,142
100$19,432,723$0$0$13,617,165