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%19%
1 years$75,973$75,296$74,636$73,991$73,362$70,703
2 years$37,610$36,910$36,231$35,573$34,934$32,284
3 years$24,824$24,121$23,444$22,792$22,164$19,606
4 years$18,433$17,731$17,061$16,420$15,807$13,362
5 years$14,599$13,902$13,240$12,612$12,017$9,690
6 years$12,044$11,352$10,700$10,086$9,508$7,302
7 years$10,219$9,533$8,892$8,292$7,733$5,646
8 years$8,852$8,172$7,541$6,956$6,415$4,446
9 years$7,788$7,115$6,495$5,925$5,402$3,549
10 years$6,938$6,271$5,662$5,108$4,603$2,861
11 years$6,243$5,583$4,985$4,445$3,959$2,325
12 years$5,664$5,011$4,424$3,899$3,431$1,902
13 years$5,175$4,529$3,953$3,442$2,992$1,563
14 years$4,756$4,116$3,552$3,056$2,622$1,289
15 years$4,393$3,760$3,207$2,725$2,309$1,067
16 years$4,076$3,450$2,907$2,440$2,041$885
17 years$3,796$3,177$2,645$2,192$1,809$736
18 years$3,548$2,936$2,415$1,976$1,609$613
19 years$3,326$2,721$2,211$1,785$1,434$512
20 years$3,127$2,529$2,029$1,617$1,281$427
21 years$2,947$2,355$1,866$1,467$1,146$357
22 years$2,783$2,199$1,720$1,334$1,027$299
23 years$2,634$2,056$1,588$1,215$922$250
24 years$2,497$1,927$1,469$1,108$829$210
25 years$2,372$1,808$1,360$1,012$746$176
26 years$2,256$1,699$1,262$925$672$147
27 years$2,150$1,599$1,172$847$606$124
28 years$2,050$1,507$1,089$776$547$104
29 years$1,958$1,422$1,014$712$494$87
30 years$1,873$1,343$944$653$446$73
31 years$1,793$1,269$880$600$403$61
32 years$1,718$1,201$821$551$365$52
33 years$1,648$1,137$767$507$330$43
34 years$1,582$1,078$716$466$299$36
35 years$1,520$1,022$670$429$271$31
36 years$1,461$970$627$395$245$26
37 years$1,406$922$586$364$222$22
38 years$1,354$876$549$336$202$18
39 years$1,305$833$515$310$183$15
40 years$1,258$792$482$286$166$13
41 years$1,213$754$452$264$150$11
42 years$1,171$718$424$243$136$9
43 years$1,131$684$398$224$124$8
44 years$1,093$652$374$207$112$6
45 years$1,057$622$351$191$102$5
46 years$1,022$593$330$177$93$4
47 years$989$566$310$163$84$4
48 years$957$541$291$151$76$3
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $920,000, adding $3,835 every year, while hoping to spend $24,572 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: 61/11/28 Blend
48$920,000$920,000$920,000$920,000
49$1,017,796$969,036$954,776$1,071,988
50$1,095,467$990,374$960,616$1,130,670
51$1,180,236$1,011,935$965,829$1,191,713
52$1,272,803$1,033,702$970,367$1,257,829
53$1,373,935$1,055,660$974,180$1,329,517
54$1,484,479$1,077,789$977,218$1,407,328
55$1,605,366$1,100,071$979,425$1,491,873
56$1,737,621$1,122,483$980,744$1,583,819
57$1,882,375$1,145,001$981,115$1,683,908
58$2,040,871$1,167,599$980,476$1,792,953
59$2,214,477$1,190,249$978,760$1,911,853
60$2,404,703$1,212,921$975,897$2,041,598
61$2,613,209$1,235,580$971,816$2,183,280
62$2,841,824$1,258,191$966,439$2,338,102
63$3,092,563$1,280,715$959,688$2,507,391
64$3,367,644$1,303,110$951,477$2,692,610
65$3,669,513$1,325,332$941,721$2,895,370
66$4,000,861$1,347,331$930,326$3,117,451
67$4,364,653$1,369,055$917,197$3,360,811
68$4,764,158$1,390,448$902,233$3,627,612
69$5,202,972$1,411,450$885,328$3,920,234
70$5,685,061$1,431,997$866,372$4,241,303
71$6,214,792$1,452,019$845,250$4,593,715
72$6,796,975$1,471,443$821,841$4,980,659
73$7,436,912$1,490,189$796,018$5,405,653
74$8,140,442$1,508,173$767,649$5,872,575
75$8,913,998$1,525,305$736,596$6,385,700
76$9,764,669$1,541,488$702,715$6,949,738
77$10,700,264$1,556,619$665,855$7,569,885
78$11,729,386$1,570,589$625,857$8,251,866
79$12,861,517$1,583,281$582,556$9,001,992
80$14,107,101$1,594,571$535,781$9,827,221
81$15,477,646$1,604,325$485,350$10,735,221
82$16,985,832$1,612,404$431,076$11,734,446
83$18,645,632$1,618,657$372,762$12,834,215
84$20,472,439$1,622,924$310,202$14,044,797
85$22,483,217$1,625,036$243,183$15,377,513
86$24,696,656$1,624,814$171,480$16,844,844
87$27,133,350$1,622,065$94,860$18,460,543
88$29,815,993$1,616,587$13,079$20,239,771
89$32,769,589$1,608,165$0$22,199,238
90$36,021,691$1,596,569$0$24,379,530
91$39,602,660$1,581,558$0$26,784,392
92$43,545,951$1,562,873$0$29,432,372
93$47,888,428$1,540,244$0$32,348,217
94$52,670,713$1,513,381$0$35,559,201
95$57,937,567$1,481,978$0$39,095,377
96$63,738,315$1,445,711$0$42,989,865
97$70,127,309$1,404,237$0$47,279,160
98$77,164,443$1,357,193$0$52,003,483
99$84,915,715$1,304,194$0$57,207,152
100$93,453,853$1,244,835$0$62,939,010