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%16.2%
1 years$79,276$78,570$77,881$77,208$76,552$74,610
2 years$39,245$38,515$37,806$37,119$36,453$34,510
3 years$25,904$25,170$24,463$23,783$23,127$21,243
4 years$19,234$18,502$17,803$17,134$16,495$14,684
5 years$15,234$14,506$13,816$13,161$12,539$10,806
6 years$12,567$11,845$11,165$10,525$9,922$8,269
7 years$10,664$9,948$9,278$8,653$8,069$6,497
8 years$9,236$8,527$7,869$7,259$6,694$5,201
9 years$8,127$7,424$6,777$6,183$5,637$4,223
10 years$7,240$6,544$5,909$5,330$4,803$3,465
11 years$6,515$5,826$5,202$4,638$4,131$2,867
12 years$5,911$5,229$4,617$4,068$3,580$2,389
13 years$5,400$4,725$4,125$3,592$3,122$2,001
14 years$4,963$4,295$3,706$3,188$2,736$1,683
15 years$4,584$3,924$3,346$2,844$2,409$1,421
16 years$4,253$3,600$3,034$2,546$2,129$1,203
17 years$3,961$3,316$2,760$2,288$1,888$1,021
18 years$3,702$3,064$2,520$2,062$1,679$868
19 years$3,471$2,839$2,307$1,863$1,496$740
20 years$3,263$2,639$2,117$1,687$1,337$631
21 years$3,075$2,458$1,947$1,531$1,196$539
22 years$2,904$2,294$1,795$1,392$1,072$461
23 years$2,748$2,146$1,657$1,268$962$395
24 years$2,606$2,010$1,533$1,156$865$338
25 years$2,475$1,887$1,420$1,056$778$290
26 years$2,354$1,773$1,317$966$701$249
27 years$2,243$1,669$1,223$884$632$213
28 years$2,140$1,572$1,136$810$570$183
29 years$2,044$1,483$1,058$743$515$157
30 years$1,954$1,401$985$682$465$135
31 years$1,871$1,324$918$626$421$116
32 years$1,792$1,253$857$575$381$100
33 years$1,719$1,187$800$529$344$86
34 years$1,650$1,125$748$487$312$74
35 years$1,586$1,067$699$448$282$63
36 years$1,525$1,013$654$413$256$55
37 years$1,467$962$612$380$232$47
38 years$1,413$914$573$350$210$40
39 years$1,361$869$537$323$191$35
40 years$1,312$827$503$298$173$30
41 years$1,266$787$472$275$157$26
42 years$1,222$750$443$254$142$22
43 years$1,180$714$415$234$129$19
44 years$1,141$681$390$216$117$16
45 years$1,103$649$366$200$106$14
46 years$1,067$619$344$185$97$12
47 years$1,032$591$323$170$88$10
48 years$999$564$304$158$80$9
49 years$967$539$285$146$72$8
50 years$937$515$268$135$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $960,000, adding $5,020 every year, while hoping to spend $33,900 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: 57/36/7 Blend
48$960,000$960,000$960,000$960,000
49$1,063,098$1,012,218$997,338$1,121,776
50$1,135,465$1,025,747$994,680$1,175,372
51$1,214,077$1,038,804$990,796$1,229,490
52$1,299,535$1,051,327$985,610$1,287,615
53$1,392,501$1,063,256$979,042$1,350,135
54$1,493,703$1,074,522$971,006$1,417,475
55$1,603,941$1,085,054$961,415$1,490,104
56$1,724,097$1,094,776$950,176$1,568,540
57$1,855,140$1,103,605$937,192$1,653,355
58$1,998,137$1,111,455$922,362$1,745,179
59$2,154,264$1,118,233$905,578$1,844,709
60$2,324,815$1,123,842$886,730$1,952,710
61$2,511,212$1,128,176$865,701$2,070,030
62$2,715,023$1,131,124$842,370$2,197,602
63$2,937,975$1,132,569$816,609$2,336,458
64$3,181,967$1,132,384$788,284$2,487,733
65$3,449,093$1,130,436$757,257$2,652,682
66$3,741,656$1,126,583$723,381$2,832,688
67$4,062,195$1,120,675$686,504$3,029,278
68$4,413,503$1,112,553$646,466$3,244,135
69$4,798,659$1,102,047$603,102$3,479,118
70$5,221,054$1,088,978$556,236$3,736,275
71$5,684,419$1,073,156$505,689$4,017,867
72$6,192,869$1,054,379$451,268$4,326,387
73$6,750,933$1,032,435$392,777$4,664,586
74$7,363,600$1,007,097$330,007$5,035,498
75$8,036,368$978,125$262,743$5,442,470
76$8,775,291$945,267$190,758$5,889,194
77$9,587,040$908,254$113,818$6,379,741
78$10,478,962$866,802$31,674$6,918,601
79$11,459,152$820,612$0$7,510,728
80$12,536,529$769,365$0$8,165,767
81$13,720,917$712,727$0$8,888,356
82$15,023,142$650,341$0$9,682,794
83$16,455,128$581,833$0$10,556,428
84$18,030,015$506,807$0$11,517,363
85$19,762,279$424,843$0$12,574,533
86$21,667,870$335,499$0$13,737,790
87$23,764,361$238,306$0$15,017,996
88$26,071,114$132,772$0$16,427,127
89$28,609,464$18,375$0$17,978,387
90$31,402,918$0$0$19,686,333
91$34,477,376$0$0$21,608,783
92$37,861,376$0$0$23,732,901
93$41,586,364$0$0$26,071,161
94$45,686,989$0$0$28,645,325
95$50,201,431$0$0$31,479,373
96$55,171,759$0$0$34,599,728
97$60,644,328$0$0$38,035,508
98$66,670,218$0$0$41,818,796
99$73,305,715$0$0$45,984,945
100$80,612,839$0$0$50,572,910