Can I retire at age 49 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$79,276$78,570$77,881$77,208$76,552$74,975
2 years$39,245$38,515$37,806$37,119$36,453$34,872
3 years$25,904$25,170$24,463$23,783$23,127$21,591
4 years$19,234$18,502$17,803$17,134$16,495$15,015
5 years$15,234$14,506$13,816$13,161$12,539$11,120
6 years$12,567$11,845$11,165$10,525$9,922$8,565
7 years$10,664$9,948$9,278$8,653$8,069$6,775
8 years$9,236$8,527$7,869$7,259$6,694$5,462
9 years$8,127$7,424$6,777$6,183$5,637$4,467
10 years$7,240$6,544$5,909$5,330$4,803$3,693
11 years$6,515$5,826$5,202$4,638$4,131$3,079
12 years$5,911$5,229$4,617$4,068$3,580$2,585
13 years$5,400$4,725$4,125$3,592$3,122$2,183
14 years$4,963$4,295$3,706$3,188$2,736$1,851
15 years$4,584$3,924$3,346$2,844$2,409$1,576
16 years$4,253$3,600$3,034$2,546$2,129$1,346
17 years$3,961$3,316$2,760$2,288$1,888$1,152
18 years$3,702$3,064$2,520$2,062$1,679$989
19 years$3,471$2,839$2,307$1,863$1,496$850
20 years$3,263$2,639$2,117$1,687$1,337$732
21 years$3,075$2,458$1,947$1,531$1,196$631
22 years$2,904$2,294$1,795$1,392$1,072$545
23 years$2,748$2,146$1,657$1,268$962$471
24 years$2,606$2,010$1,533$1,156$865$407
25 years$2,475$1,887$1,420$1,056$778$352
26 years$2,354$1,773$1,317$966$701$305
27 years$2,243$1,669$1,223$884$632$264
28 years$2,140$1,572$1,136$810$570$229
29 years$2,044$1,483$1,058$743$515$199
30 years$1,954$1,401$985$682$465$172
31 years$1,871$1,324$918$626$421$150
32 years$1,792$1,253$857$575$381$130
33 years$1,719$1,187$800$529$344$113
34 years$1,650$1,125$748$487$312$98
35 years$1,586$1,067$699$448$282$85
36 years$1,525$1,013$654$413$256$74
37 years$1,467$962$612$380$232$64
38 years$1,413$914$573$350$210$56
39 years$1,361$869$537$323$191$48
40 years$1,312$827$503$298$173$42
41 years$1,266$787$472$275$157$37
42 years$1,222$750$443$254$142$32
43 years$1,180$714$415$234$129$28
44 years$1,141$681$390$216$117$24
45 years$1,103$649$366$200$106$21
46 years$1,067$619$344$185$97$18
47 years$1,032$591$323$170$88$16
48 years$999$564$304$158$80$14
49 years$967$539$285$146$72$12
50 years$937$515$268$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $960,000, adding $2,218 every year, while hoping to spend $25,624 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: 36/42/22 Blend
48$960,000$960,000$960,000$960,000
49$1,060,208$1,009,328$994,448$1,091,255
50$1,141,085$1,031,521$1,000,498$1,136,405
51$1,229,353$1,053,943$1,005,892$1,182,584
52$1,325,739$1,076,578$1,010,581$1,231,918
53$1,431,042$1,099,408$1,014,514$1,284,705
54$1,546,144$1,122,414$1,017,635$1,341,275
55$1,672,014$1,145,576$1,019,889$1,401,990
56$1,809,719$1,168,869$1,021,215$1,467,250
57$1,960,436$1,192,269$1,021,552$1,537,495
58$2,125,460$1,215,749$1,020,832$1,613,213
59$2,306,214$1,239,279$1,018,988$1,694,941
60$2,504,271$1,262,827$1,015,947$1,783,271
61$2,721,358$1,286,357$1,011,633$1,878,855
62$2,959,381$1,309,832$1,005,966$1,982,416
63$3,220,435$1,333,211$998,864$2,094,748
64$3,506,832$1,356,451$990,238$2,216,728
65$3,821,115$1,379,504$979,998$2,349,324
66$4,166,088$1,402,318$968,047$2,493,605
67$4,544,837$1,424,840$954,285$2,650,747
68$4,960,764$1,447,011$938,607$2,822,051
69$5,417,615$1,468,767$920,903$3,008,950
70$5,919,516$1,490,041$901,057$3,213,025
71$6,471,014$1,510,761$878,950$3,436,020
72$7,077,118$1,530,848$854,455$3,679,861
73$7,743,345$1,550,221$827,441$3,946,670
74$8,475,775$1,568,790$797,769$4,238,787
75$9,281,104$1,586,462$765,295$4,558,797
76$10,166,713$1,603,134$729,868$4,909,547
77$11,140,730$1,618,700$691,331$5,294,179
78$12,212,113$1,633,045$649,519$5,716,159
79$13,390,730$1,646,046$604,260$6,179,310
80$14,687,456$1,657,573$555,373$6,687,847
81$16,114,269$1,667,487$502,671$7,246,418
82$17,684,372$1,675,641$445,958$7,860,152
83$19,412,307$1,681,877$385,027$8,534,702
84$21,314,103$1,686,030$319,666$9,276,305
85$23,407,416$1,687,920$249,649$10,091,837
86$25,711,705$1,687,360$174,745$10,988,881
87$28,248,408$1,684,150$94,708$11,975,799
88$31,041,149$1,678,077$9,284$13,061,812
89$34,115,959$1,668,915$0$14,257,087
90$37,501,521$1,656,426$0$15,592,055
91$41,229,441$1,640,356$0$17,063,432
92$45,334,545$1,620,435$0$18,682,734
93$49,855,212$1,596,379$0$20,465,060
94$54,833,727$1,567,885$0$22,427,052
95$60,316,689$1,534,633$0$24,587,056
96$66,355,445$1,496,285$0$26,965,291
97$73,006,579$1,452,480$0$29,584,048
98$80,332,438$1,402,840$0$32,467,892
99$88,401,729$1,346,962$0$35,643,904
100$97,290,163$1,284,421$0$39,141,930