Can I retire at age 49 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$76,799$76,114$75,447$74,796$74,160$72,544
2 years$38,019$37,311$36,625$35,959$35,314$33,694
3 years$25,094$24,383$23,699$23,040$22,405$20,831
4 years$18,633$17,924$17,247$16,599$15,979$14,465
5 years$14,757$14,053$13,384$12,749$12,147$10,696
6 years$12,175$11,475$10,816$10,196$9,612$8,225
7 years$10,330$9,637$8,988$8,383$7,817$6,495
8 years$8,948$8,261$7,623$7,032$6,485$5,227
9 years$7,873$7,192$6,566$5,990$5,461$4,267
10 years$7,014$6,340$5,724$5,163$4,653$3,521
11 years$6,311$5,644$5,039$4,493$4,002$2,930
12 years$5,726$5,066$4,472$3,941$3,468$2,455
13 years$5,231$4,578$3,996$3,480$3,024$2,069
14 years$4,808$4,161$3,590$3,089$2,651$1,751
15 years$4,441$3,801$3,241$2,755$2,334$1,488
16 years$4,120$3,488$2,939$2,467$2,063$1,268
17 years$3,838$3,212$2,674$2,216$1,829$1,083
18 years$3,587$2,968$2,441$1,997$1,626$927
19 years$3,362$2,751$2,235$1,805$1,450$795
20 years$3,161$2,556$2,051$1,634$1,295$683
21 years$2,979$2,381$1,887$1,483$1,159$588
22 years$2,813$2,222$1,739$1,349$1,039$506
23 years$2,662$2,079$1,605$1,228$932$436
24 years$2,524$1,948$1,485$1,120$838$377
25 years$2,398$1,828$1,375$1,023$754$325
26 years$2,281$1,718$1,275$935$679$281
27 years$2,173$1,617$1,184$856$612$243
28 years$2,073$1,523$1,101$785$553$210
29 years$1,980$1,437$1,025$719$499$182
30 years$1,893$1,357$954$660$451$157
31 years$1,812$1,283$890$606$408$136
32 years$1,736$1,214$830$557$369$118
33 years$1,665$1,150$775$512$334$102
34 years$1,599$1,090$724$472$302$88
35 years$1,536$1,033$677$434$274$77
36 years$1,477$981$633$400$248$66
37 years$1,421$932$593$368$225$58
38 years$1,369$885$555$339$204$50
39 years$1,319$842$520$313$185$43
40 years$1,271$801$488$289$168$37
41 years$1,227$762$457$266$152$32
42 years$1,184$726$429$246$138$28
43 years$1,144$692$402$227$125$24
44 years$1,105$659$378$210$114$21
45 years$1,068$629$355$194$103$18
46 years$1,033$600$333$179$94$16
47 years$1,000$573$313$165$85$14
48 years$968$547$294$153$77$12
49 years$937$522$276$141$70$10
50 years$908$499$260$130$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $930,000, adding $5,691 every year, while hoping to spend $48,179 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: 63/24/13 Blend
48$930,000$930,000$930,000$930,000
49$1,030,730$981,440$967,025$1,092,135
50$1,084,603$978,269$948,159$1,130,795
51$1,142,355$973,327$927,045$1,166,940
52$1,204,333$966,478$903,559$1,205,222
53$1,270,915$957,575$877,567$1,245,852
54$1,342,515$946,463$848,933$1,289,059
55$1,419,591$932,979$817,511$1,335,100
56$1,502,643$916,948$783,152$1,384,259
57$1,592,221$898,187$745,696$1,436,850
58$1,688,930$876,501$704,979$1,493,222
59$1,793,433$851,682$660,829$1,553,761
60$1,906,462$823,513$613,065$1,618,894
61$2,028,817$791,761$561,498$1,689,096
62$2,161,381$756,183$505,934$1,764,890
63$2,305,124$716,518$446,165$1,846,857
64$2,461,113$672,493$381,977$1,935,640
65$2,630,519$623,818$313,146$2,031,950
66$2,814,633$570,186$239,438$2,136,575
67$3,014,875$511,275$160,608$2,250,385
68$3,232,806$446,741$76,402$2,374,345
69$3,470,144$376,223$0$2,509,521
70$3,728,779$299,338$0$2,658,958
71$4,010,793$215,684$0$2,833,526
72$4,318,475$124,833$0$3,024,098
73$4,654,346$26,336$0$3,232,309
74$5,021,180$0$0$3,459,968
75$5,422,032$0$0$3,730,269
76$5,860,265$0$0$4,033,444
77$6,339,581$0$0$4,365,108
78$6,864,057$0$0$4,728,090
79$7,438,181$0$0$5,125,505
80$8,066,896$0$0$5,560,783
81$8,755,646$0$0$6,037,703
82$9,510,425$0$0$6,560,425
83$10,337,836$0$0$7,133,531
84$11,245,148$0$0$7,762,068
85$12,240,372$0$0$8,451,595
86$13,332,327$0$0$9,208,234
87$14,530,730$0$0$10,038,729
88$15,846,283$0$0$10,950,509
89$17,290,774$0$0$11,951,758
90$18,877,192$0$0$13,051,489
91$20,619,841$0$0$14,259,634
92$22,534,481$0$0$15,587,131
93$24,638,474$0$0$17,046,033
94$26,950,947$0$0$18,649,617
95$29,492,971$0$0$20,412,511
96$32,287,763$0$0$22,350,829
97$35,360,898$0$0$24,482,328
98$38,740,556$0$0$26,826,568
99$42,457,784$0$0$29,405,103
100$46,546,788$0$0$32,241,679