Can I retire at age 49 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$78,450$77,751$77,070$76,404$75,754$74,316
2 years$38,837$38,113$37,412$36,733$36,073$34,630
3 years$25,634$24,908$24,208$23,535$22,887$21,483
4 years$19,034$18,310$17,617$16,956$16,323$14,970
5 years$15,075$14,355$13,672$13,024$12,408$11,110
6 years$12,436$11,722$11,049$10,415$9,818$8,576
7 years$10,552$9,844$9,182$8,563$7,985$6,799
8 years$9,140$8,438$7,787$7,183$6,624$5,494
9 years$8,042$7,347$6,707$6,118$5,579$4,503
10 years$7,165$6,476$5,847$5,274$4,753$3,732
11 years$6,447$5,765$5,148$4,590$4,088$3,120
12 years$5,849$5,175$4,568$4,026$3,543$2,626
13 years$5,344$4,676$4,082$3,554$3,089$2,223
14 years$4,911$4,251$3,667$3,155$2,708$1,891
15 years$4,536$3,883$3,311$2,814$2,384$1,614
16 years$4,209$3,563$3,002$2,520$2,107$1,382
17 years$3,920$3,281$2,732$2,264$1,868$1,187
18 years$3,664$3,032$2,494$2,040$1,661$1,021
19 years$3,435$2,810$2,283$1,843$1,481$881
20 years$3,229$2,611$2,095$1,670$1,323$761
21 years$3,043$2,432$1,927$1,515$1,184$658
22 years$2,874$2,270$1,776$1,378$1,061$570
23 years$2,720$2,123$1,640$1,255$952$494
24 years$2,579$1,989$1,517$1,144$856$428
25 years$2,449$1,867$1,405$1,045$770$372
26 years$2,330$1,755$1,303$956$694$323
27 years$2,220$1,651$1,210$875$626$281
28 years$2,117$1,556$1,125$801$564$244
29 years$2,022$1,468$1,047$735$510$213
30 years$1,934$1,386$975$674$461$185
31 years$1,851$1,311$909$619$416$161
32 years$1,774$1,240$848$569$377$140
33 years$1,701$1,174$792$523$341$122
34 years$1,633$1,113$740$482$309$107
35 years$1,569$1,056$692$443$280$93
36 years$1,509$1,002$647$408$253$81
37 years$1,452$952$606$376$230$71
38 years$1,398$904$567$347$208$61
39 years$1,347$860$531$320$189$54
40 years$1,299$818$498$295$171$47
41 years$1,253$779$467$272$155$41
42 years$1,209$742$438$251$141$36
43 years$1,168$707$411$232$128$31
44 years$1,129$674$386$214$116$27
45 years$1,091$642$362$198$105$24
46 years$1,055$613$340$183$96$21
47 years$1,021$585$320$169$87$18
48 years$989$558$300$156$79$16
49 years$957$533$282$144$72$14
50 years$928$509$265$133$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $950,000, adding $4,908 every year, while hoping to spend $53,393 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: 55/38/7 Blend
48$950,000$950,000$950,000$950,000
49$1,051,963$1,001,613$986,888$1,107,864
50$1,102,453$993,882$963,139$1,138,434
51$1,156,304$983,983$936,804$1,165,360
52$1,213,802$971,753$907,742$1,193,374
53$1,275,261$957,020$875,803$1,222,587
54$1,341,024$939,600$840,829$1,253,124
55$1,411,469$919,302$802,658$1,285,124
56$1,487,011$895,919$761,118$1,318,745
57$1,568,102$869,235$716,031$1,354,162
58$1,655,240$839,020$667,211$1,391,571
59$1,748,974$805,031$614,461$1,431,195
60$1,849,902$767,010$557,579$1,473,280
61$1,958,686$724,687$496,351$1,518,101
62$2,076,047$677,773$430,555$1,565,967
63$2,202,784$625,963$359,958$1,617,222
64$2,339,769$568,937$284,318$1,672,251
65$2,487,965$506,354$203,382$1,731,483
66$2,648,427$437,855$116,884$1,795,396
67$2,822,317$363,060$24,550$1,864,523
68$3,010,911$281,568$0$1,939,456
69$3,215,615$192,956$0$2,026,384
70$3,437,973$96,776$0$2,122,831
71$3,679,684$0$0$2,227,803
72$3,942,617$0$0$2,345,348
73$4,228,829$0$0$2,517,426
74$4,540,582$0$0$2,704,942
75$4,880,368$0$0$2,909,402
76$5,250,925$0$0$3,132,466
77$5,655,272$0$0$3,375,962
78$6,096,727$0$0$3,641,900
79$6,578,947$0$0$3,932,493
80$7,105,954$0$0$4,250,179
81$7,682,178$0$0$4,597,642
82$8,312,497$0$0$4,977,834
83$9,002,281$0$0$5,394,010
84$9,757,443$0$0$5,849,752
85$10,584,494$0$0$6,349,005
86$11,490,606$0$0$6,896,112
87$12,483,676$0$0$7,495,859
88$13,572,402$0$0$8,153,515
89$14,766,363$0$0$8,874,884
90$16,076,109$0$0$9,666,358
91$17,513,261$0$0$10,534,980
92$19,090,622$0$0$11,488,504
93$20,822,289$0$0$12,535,474
94$22,723,797$0$0$13,685,303
95$24,812,253$0$0$14,948,357
96$27,106,507$0$0$16,336,059
97$29,627,322$0$0$17,860,989
98$32,397,572$0$0$19,537,010
99$35,442,458$0$0$21,379,392
100$38,789,744$0$0$23,404,959