Can I retire at age 49 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$77,624$76,933$76,258$75,600$74,957$72,528
2 years$38,428$37,712$37,019$36,346$35,694$33,270
3 years$25,364$24,645$23,953$23,287$22,646$20,302
4 years$18,834$18,117$17,432$16,777$16,151$13,907
5 years$14,916$14,204$13,528$12,886$12,278$10,138
6 years$12,305$11,599$10,933$10,305$9,715$7,681
7 years$10,441$9,740$9,085$8,473$7,901$5,974
8 years$9,044$8,349$7,705$7,108$6,555$4,732
9 years$7,958$7,270$6,636$6,054$5,520$3,800
10 years$7,089$6,408$5,786$5,219$4,703$3,084
11 years$6,379$5,704$5,094$4,542$4,045$2,522
12 years$5,788$5,120$4,520$3,984$3,505$2,076
13 years$5,288$4,627$4,039$3,517$3,057$1,718
14 years$4,859$4,206$3,629$3,122$2,679$1,427
15 years$4,489$3,842$3,276$2,784$2,359$1,190
16 years$4,165$3,525$2,970$2,493$2,085$994
17 years$3,879$3,246$2,703$2,240$1,849$833
18 years$3,625$3,000$2,467$2,019$1,644$699
19 years$3,399$2,780$2,259$1,824$1,465$588
20 years$3,195$2,584$2,073$1,652$1,309$495
21 years$3,011$2,406$1,907$1,499$1,171$417
22 years$2,843$2,246$1,757$1,363$1,050$351
23 years$2,691$2,101$1,623$1,242$942$297
24 years$2,552$1,968$1,501$1,132$847$251
25 years$2,423$1,847$1,390$1,034$762$212
26 years$2,305$1,736$1,289$946$687$179
27 years$2,196$1,634$1,197$865$619$151
28 years$2,095$1,540$1,113$793$559$128
29 years$2,001$1,452$1,036$727$504$108
30 years$1,913$1,372$965$667$456$92
31 years$1,832$1,297$899$613$412$78
32 years$1,755$1,227$839$563$373$66
33 years$1,683$1,162$783$518$337$56
34 years$1,616$1,101$732$477$305$47
35 years$1,553$1,045$684$439$277$40
36 years$1,493$991$640$404$251$34
37 years$1,437$942$599$372$227$29
38 years$1,383$895$561$343$206$24
39 years$1,333$851$526$316$187$21
40 years$1,285$810$493$292$169$17
41 years$1,240$771$462$269$154$15
42 years$1,197$734$433$248$139$13
43 years$1,156$699$407$229$127$11
44 years$1,117$667$382$212$115$9
45 years$1,080$636$358$196$104$8
46 years$1,044$606$337$181$95$6
47 years$1,011$579$316$167$86$5
48 years$978$552$297$154$78$5
49 years$947$528$279$143$71$4
50 years$918$504$263$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $940,000, adding $4,623 every year, while hoping to spend $55,448 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: 74/6/20 Blend
48$940,000$940,000$940,000$940,000
49$1,040,649$990,829$976,259$1,112,378
50$1,087,799$980,383$949,967$1,150,163
51$1,137,899$967,567$920,936$1,184,370
52$1,191,194$952,206$889,016$1,220,429
53$1,247,946$934,116$854,049$1,258,512
54$1,308,449$913,099$815,872$1,298,810
55$1,373,018$888,948$774,311$1,341,533
56$1,442,003$861,445$729,188$1,386,916
57$1,515,787$830,354$680,315$1,435,217
58$1,594,787$795,432$627,496$1,486,721
59$1,679,464$756,417$570,525$1,541,745
60$1,770,321$713,033$509,190$1,600,637
61$1,867,912$664,989$443,265$1,663,785
62$1,972,842$611,977$372,518$1,731,617
63$2,085,780$553,671$296,705$1,804,604
64$2,207,455$489,728$215,571$1,883,270
65$2,338,673$419,781$128,850$1,968,192
66$2,480,316$343,449$36,264$2,060,009
67$2,633,354$260,324$0$2,159,427
68$2,798,853$169,977$0$2,280,572
69$2,977,986$71,955$0$2,420,087
70$3,172,040$0$0$2,571,244
71$3,382,432$0$0$2,737,426
72$3,610,719$0$0$2,922,932
73$3,858,615$0$0$3,124,408
74$4,128,004$0$0$3,343,389
75$4,420,959$0$0$3,581,566
76$4,739,760$0$0$3,840,797
77$5,086,916$0$0$4,123,128
78$5,465,188$0$0$4,430,810
79$5,877,616$0$0$4,766,319
80$6,327,543$0$0$5,132,383
81$6,818,651$0$0$5,532,002
82$7,354,992$0$0$5,968,480
83$7,941,025$0$0$6,445,453
84$8,581,662$0$0$6,966,926
85$9,282,310$0$0$7,537,306
86$10,048,921$0$0$8,161,447
87$10,888,051$0$0$8,844,693
88$11,806,918$0$0$9,592,930
89$12,813,470$0$0$10,412,639
90$13,916,461$0$0$11,310,957
91$15,125,532$0$0$12,295,744
92$16,451,300$0$0$13,375,659
93$17,905,460$0$0$14,560,235
94$19,500,892$0$0$15,859,977
95$21,251,784$0$0$17,286,452
96$23,173,764$0$0$18,852,404
97$25,284,046$0$0$20,571,868
98$27,601,593$0$0$22,460,309
99$30,147,295$0$0$24,534,759
100$32,944,165$0$0$26,813,983