Can I retire at age 49 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$75,973$75,296$74,636$73,991$73,362$72,117
2 years$37,610$36,910$36,231$35,573$34,934$33,684
3 years$24,824$24,121$23,444$22,792$22,164$20,947
4 years$18,433$17,731$17,061$16,420$15,807$14,633
5 years$14,599$13,902$13,240$12,612$12,017$10,889
6 years$12,044$11,352$10,700$10,086$9,508$8,428
7 years$10,219$9,533$8,892$8,292$7,733$6,700
8 years$8,852$8,172$7,541$6,956$6,415$5,430
9 years$7,788$7,115$6,495$5,925$5,402$4,464
10 years$6,938$6,271$5,662$5,108$4,603$3,711
11 years$6,243$5,583$4,985$4,445$3,959$3,112
12 years$5,664$5,011$4,424$3,899$3,431$2,628
13 years$5,175$4,529$3,953$3,442$2,992$2,232
14 years$4,756$4,116$3,552$3,056$2,622$1,905
15 years$4,393$3,760$3,207$2,725$2,309$1,632
16 years$4,076$3,450$2,907$2,440$2,041$1,402
17 years$3,796$3,177$2,645$2,192$1,809$1,208
18 years$3,548$2,936$2,415$1,976$1,609$1,044
19 years$3,326$2,721$2,211$1,785$1,434$903
20 years$3,127$2,529$2,029$1,617$1,281$783
21 years$2,947$2,355$1,866$1,467$1,146$680
22 years$2,783$2,199$1,720$1,334$1,027$591
23 years$2,634$2,056$1,588$1,215$922$514
24 years$2,497$1,927$1,469$1,108$829$448
25 years$2,372$1,808$1,360$1,012$746$390
26 years$2,256$1,699$1,262$925$672$341
27 years$2,150$1,599$1,172$847$606$297
28 years$2,050$1,507$1,089$776$547$260
29 years$1,958$1,422$1,014$712$494$227
30 years$1,873$1,343$944$653$446$198
31 years$1,793$1,269$880$600$403$173
32 years$1,718$1,201$821$551$365$152
33 years$1,648$1,137$767$507$330$133
34 years$1,582$1,078$716$466$299$116
35 years$1,520$1,022$670$429$271$102
36 years$1,461$970$627$395$245$89
37 years$1,406$922$586$364$222$78
38 years$1,354$876$549$336$202$68
39 years$1,305$833$515$310$183$60
40 years$1,258$792$482$286$166$52
41 years$1,213$754$452$264$150$46
42 years$1,171$718$424$243$136$40
43 years$1,131$684$398$224$124$35
44 years$1,093$652$374$207$112$31
45 years$1,057$622$351$191$102$27
46 years$1,022$593$330$177$93$24
47 years$989$566$310$163$84$21
48 years$957$541$291$151$76$18
49 years$927$516$273$140$69$16
50 years$898$493$257$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $920,000, adding $5,734 every year, while hoping to spend $31,806 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: 41/40/19 Blend
48$920,000$920,000$920,000$920,000
49$1,019,755$970,995$956,735$1,055,643
50$1,089,928$984,732$954,944$1,095,456
51$1,166,194$998,077$952,027$1,135,014
52$1,249,138$1,010,975$947,913$1,177,169
53$1,339,409$1,023,372$942,527$1,222,176
54$1,437,718$1,035,206$935,791$1,270,316
55$1,544,847$1,046,413$927,622$1,321,899
56$1,661,659$1,056,925$917,934$1,377,270
57$1,789,102$1,066,668$906,639$1,436,808
58$1,928,219$1,075,563$893,640$1,500,934
59$2,080,160$1,083,528$878,839$1,570,112
60$2,246,189$1,090,475$862,134$1,644,857
61$2,427,701$1,096,308$843,415$1,725,738
62$2,626,226$1,100,927$822,570$1,813,383
63$2,843,455$1,104,226$799,480$1,908,486
64$3,081,246$1,106,092$774,020$2,011,816
65$3,341,646$1,106,403$746,063$2,124,222
66$3,626,909$1,105,032$715,471$2,246,643
67$3,939,518$1,101,843$682,104$2,380,114
68$4,282,207$1,096,691$645,813$2,525,783
69$4,657,988$1,089,425$606,443$2,684,914
70$5,070,176$1,079,880$563,832$2,858,907
71$5,522,426$1,067,886$517,812$3,049,307
72$6,018,760$1,053,259$468,206$3,257,821
73$6,563,612$1,035,807$414,829$3,486,335
74$7,161,862$1,015,324$357,488$3,736,929
75$7,818,891$991,593$295,982$4,011,905
76$8,540,621$964,385$230,101$4,313,801
77$9,333,581$933,456$159,626$4,645,421
78$10,204,960$898,549$84,327$5,009,861
79$11,162,679$859,391$3,965$5,410,539
80$12,215,464$815,693$0$5,851,228
81$13,372,932$767,152$0$6,352,674
82$14,645,672$713,444$0$6,904,830
83$16,045,357$654,229$0$7,512,018
84$17,584,842$589,145$0$8,179,898
85$19,278,295$517,813$0$8,914,710
86$21,141,325$439,828$0$9,723,336
87$23,191,127$354,767$0$10,613,367
88$25,446,651$262,180$0$11,593,176
89$27,928,774$161,591$0$12,671,997
90$30,660,501$52,501$0$13,860,012
91$33,667,178$0$0$15,168,451
92$36,976,734$0$0$16,638,582
93$40,619,943$0$0$18,282,507
94$44,630,714$0$0$20,092,436
95$49,046,412$0$0$22,085,249
96$53,908,207$0$0$24,279,546
97$59,261,465$0$0$26,695,821
98$65,156,176$0$0$29,356,659
99$71,647,424$0$0$32,286,945
100$78,795,907$0$0$35,514,102