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%17.4%
1 years$78,450$77,751$77,070$76,404$75,754$73,477
2 years$38,837$38,113$37,412$36,733$36,073$33,798
3 years$25,634$24,908$24,208$23,535$22,887$20,684
4 years$19,034$18,310$17,617$16,956$16,323$14,211
5 years$15,075$14,355$13,672$13,024$12,408$10,393
6 years$12,436$11,722$11,049$10,415$9,818$7,901
7 years$10,552$9,844$9,182$8,563$7,985$6,165
8 years$9,140$8,438$7,787$7,183$6,624$4,901
9 years$8,042$7,347$6,707$6,118$5,579$3,950
10 years$7,165$6,476$5,847$5,274$4,753$3,217
11 years$6,447$5,765$5,148$4,590$4,088$2,642
12 years$5,849$5,175$4,568$4,026$3,543$2,184
13 years$5,344$4,676$4,082$3,554$3,089$1,814
14 years$4,911$4,251$3,667$3,155$2,708$1,513
15 years$4,536$3,883$3,311$2,814$2,384$1,267
16 years$4,209$3,563$3,002$2,520$2,107$1,063
17 years$3,920$3,281$2,732$2,264$1,868$895
18 years$3,664$3,032$2,494$2,040$1,661$754
19 years$3,435$2,810$2,283$1,843$1,481$637
20 years$3,229$2,611$2,095$1,670$1,323$539
21 years$3,043$2,432$1,927$1,515$1,184$456
22 years$2,874$2,270$1,776$1,378$1,061$386
23 years$2,720$2,123$1,640$1,255$952$328
24 years$2,579$1,989$1,517$1,144$856$278
25 years$2,449$1,867$1,405$1,045$770$236
26 years$2,330$1,755$1,303$956$694$200
27 years$2,220$1,651$1,210$875$626$170
28 years$2,117$1,556$1,125$801$564$145
29 years$2,022$1,468$1,047$735$510$123
30 years$1,934$1,386$975$674$461$105
31 years$1,851$1,311$909$619$416$89
32 years$1,774$1,240$848$569$377$76
33 years$1,701$1,174$792$523$341$65
34 years$1,633$1,113$740$482$309$55
35 years$1,569$1,056$692$443$280$47
36 years$1,509$1,002$647$408$253$40
37 years$1,452$952$606$376$230$34
38 years$1,398$904$567$347$208$29
39 years$1,347$860$531$320$189$25
40 years$1,299$818$498$295$171$21
41 years$1,253$779$467$272$155$18
42 years$1,209$742$438$251$141$15
43 years$1,168$707$411$232$128$13
44 years$1,129$674$386$214$116$11
45 years$1,091$642$362$198$105$9
46 years$1,055$613$340$183$96$8
47 years$1,021$585$320$169$87$7
48 years$989$558$300$156$79$6
49 years$957$533$282$144$72$5
50 years$928$509$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $950,000, adding $4,796 every year, while hoping to spend $28,961 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: 38/43/19 Blend
48$950,000$950,000$950,000$950,000
49$1,051,847$1,001,497$986,772$1,085,657
50$1,128,321$1,019,756$989,015$1,128,725
51$1,211,625$1,037,939$990,362$1,172,140
52$1,302,425$1,056,012$990,753$1,218,458
53$1,401,453$1,073,938$990,124$1,267,958
54$1,509,517$1,091,677$988,409$1,320,946
55$1,627,505$1,109,186$985,538$1,377,761
56$1,756,394$1,126,419$981,437$1,438,778
57$1,897,260$1,143,328$976,029$1,504,410
58$2,051,289$1,159,859$969,234$1,575,113
59$2,219,785$1,175,957$960,968$1,651,393
60$2,404,184$1,191,560$951,141$1,733,805
61$2,606,068$1,206,604$939,662$1,822,966
62$2,827,179$1,221,020$926,433$1,919,553
63$3,069,436$1,234,734$911,353$2,024,319
64$3,334,949$1,247,667$894,314$2,138,089
65$3,626,047$1,259,735$875,207$2,261,780
66$3,945,291$1,270,850$853,913$2,396,401
67$4,295,504$1,280,914$830,312$2,543,067
68$4,679,794$1,289,828$804,276$2,703,009
69$5,101,585$1,297,481$775,672$2,877,586
70$5,564,649$1,303,760$744,359$3,068,298
71$6,073,140$1,308,542$710,193$3,276,802
72$6,631,636$1,311,696$673,020$3,504,924
73$7,245,179$1,313,085$632,681$3,754,683
74$7,919,321$1,312,560$589,011$4,028,307
75$8,660,184$1,309,967$541,834$4,328,252
76$9,474,506$1,305,139$490,969$4,657,231
77$10,369,715$1,297,901$436,226$5,018,238
78$11,353,993$1,288,065$377,407$5,414,576
79$12,436,354$1,275,434$314,304$5,849,890
80$13,626,731$1,259,798$246,701$6,328,202
81$14,936,064$1,240,935$174,372$6,853,950
82$16,376,411$1,218,609$97,082$7,432,030
83$17,961,054$1,192,571$14,584$8,067,844
84$19,704,630$1,162,555$0$8,767,350
85$21,623,264$1,128,282$0$9,552,016
86$23,734,725$1,089,456$0$10,418,324
87$26,058,591$1,045,763$0$11,371,371
88$28,616,433$996,871$0$12,420,042
89$31,432,021$942,429$0$13,574,129
90$34,531,545$882,066$0$14,844,435
91$37,943,864$815,389$0$16,242,865
92$41,700,778$741,983$0$17,782,548
93$45,837,327$661,410$0$19,477,960
94$50,392,120$573,205$0$21,345,059
95$55,407,702$476,878$0$23,401,440
96$60,930,956$371,913$0$25,666,501
97$67,013,538$257,762$0$28,161,626
98$73,712,374$133,847$0$30,910,394
99$81,090,190$0$0$33,938,796
100$89,216,107$0$0$37,275,693