Can I retire at age 49 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$79,276$78,570$77,881$77,208$76,552$74,190
2 years$39,245$38,515$37,806$37,119$36,453$34,095
3 years$25,904$25,170$24,463$23,783$23,127$20,846
4 years$19,234$18,502$17,803$17,134$16,495$14,308
5 years$15,234$14,506$13,816$13,161$12,539$10,452
6 years$12,567$11,845$11,165$10,525$9,922$7,937
7 years$10,664$9,948$9,278$8,653$8,069$6,186
8 years$9,236$8,527$7,869$7,259$6,694$4,912
9 years$8,127$7,424$6,777$6,183$5,637$3,954
10 years$7,240$6,544$5,909$5,330$4,803$3,217
11 years$6,515$5,826$5,202$4,638$4,131$2,638
12 years$5,911$5,229$4,617$4,068$3,580$2,177
13 years$5,400$4,725$4,125$3,592$3,122$1,807
14 years$4,963$4,295$3,706$3,188$2,736$1,505
15 years$4,584$3,924$3,346$2,844$2,409$1,258
16 years$4,253$3,600$3,034$2,546$2,129$1,055
17 years$3,961$3,316$2,760$2,288$1,888$886
18 years$3,702$3,064$2,520$2,062$1,679$746
19 years$3,471$2,839$2,307$1,863$1,496$629
20 years$3,263$2,639$2,117$1,687$1,337$531
21 years$3,075$2,458$1,947$1,531$1,196$449
22 years$2,904$2,294$1,795$1,392$1,072$380
23 years$2,748$2,146$1,657$1,268$962$321
24 years$2,606$2,010$1,533$1,156$865$272
25 years$2,475$1,887$1,420$1,056$778$231
26 years$2,354$1,773$1,317$966$701$196
27 years$2,243$1,669$1,223$884$632$166
28 years$2,140$1,572$1,136$810$570$141
29 years$2,044$1,483$1,058$743$515$120
30 years$1,954$1,401$985$682$465$102
31 years$1,871$1,324$918$626$421$86
32 years$1,792$1,253$857$575$381$73
33 years$1,719$1,187$800$529$344$62
34 years$1,650$1,125$748$487$312$53
35 years$1,586$1,067$699$448$282$45
36 years$1,525$1,013$654$413$256$38
37 years$1,467$962$612$380$232$32
38 years$1,413$914$573$350$210$28
39 years$1,361$869$537$323$191$23
40 years$1,312$827$503$298$173$20
41 years$1,266$787$472$275$157$17
42 years$1,222$750$443$254$142$14
43 years$1,180$714$415$234$129$12
44 years$1,141$681$390$216$117$10
45 years$1,103$649$366$200$106$9
46 years$1,067$619$344$185$97$8
47 years$1,032$591$323$170$88$6
48 years$999$564$304$158$80$5
49 years$967$539$285$146$72$5
50 years$937$515$268$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $960,000, adding $2,114 every year, while hoping to spend $43,796 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: 44/28/28 Blend
48$960,000$960,000$960,000$960,000
49$1,060,101$1,009,221$994,341$1,098,044
50$1,121,632$1,012,074$981,052$1,128,188
51$1,187,972$1,013,599$965,851$1,156,504
52$1,259,565$1,013,685$948,627$1,186,361
53$1,336,898$1,012,213$929,263$1,217,929
54$1,420,508$1,009,058$907,640$1,251,396
55$1,510,985$1,004,087$883,631$1,286,971
56$1,608,977$997,158$857,104$1,324,890
57$1,715,195$988,122$827,919$1,365,414
58$1,830,424$976,819$795,934$1,408,834
59$1,955,525$963,080$760,995$1,455,476
60$2,091,446$946,729$722,946$1,505,699
61$2,239,229$927,574$681,621$1,559,908
62$2,400,022$905,417$636,846$1,618,548
63$2,575,085$880,043$588,442$1,682,118
64$2,765,809$851,230$536,219$1,751,170
65$2,973,720$818,739$479,981$1,826,319
66$3,200,501$782,319$419,522$1,908,246
67$3,448,002$741,703$354,627$1,997,709
68$3,718,262$696,610$285,070$2,095,549
69$4,013,523$646,742$210,618$2,202,697
70$4,336,255$591,784$131,026$2,320,189
71$4,689,175$531,405$46,038$2,449,170
72$5,075,279$465,251$0$2,590,912
73$5,497,860$392,952$0$2,760,166
74$5,960,550$314,114$0$2,960,695
75$6,467,344$228,323$0$3,180,547
76$7,022,644$135,142$0$3,421,726
77$7,631,296$34,107$0$3,686,446
78$8,298,641$0$0$3,977,150
79$9,030,556$0$0$4,319,731
80$9,833,518$0$0$4,707,213
81$10,714,661$0$0$5,132,544
82$11,681,841$0$0$5,599,532
83$12,743,713$0$0$6,112,373
84$13,909,811$0$0$6,675,687
85$15,190,639$0$0$7,294,564
86$16,597,764$0$0$7,974,612
87$18,143,933$0$0$8,722,009
88$19,843,187$0$0$9,543,561
89$21,710,995$0$0$10,446,767
90$23,764,399$0$0$11,439,887
91$26,022,175$0$0$12,532,023
92$28,505,010$0$0$13,733,203
93$31,235,693$0$0$15,054,476
94$34,239,336$0$0$16,508,013
95$37,543,606$0$0$18,107,227
96$41,178,984$0$0$19,866,896
97$45,179,057$0$0$21,803,303
98$49,580,832$0$0$23,934,388
99$54,425,084$0$0$26,279,918
100$59,756,741$0$0$28,861,675