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%12.1%
1 years$79,276$78,570$77,881$77,208$76,552$75,879
2 years$39,245$38,515$37,806$37,119$36,453$35,775
3 years$25,904$25,170$24,463$23,783$23,127$22,465
4 years$19,234$18,502$17,803$17,134$16,495$15,853
5 years$15,234$14,506$13,816$13,161$12,539$11,920
6 years$12,567$11,845$11,165$10,525$9,922$9,327
7 years$10,664$9,948$9,278$8,653$8,069$7,498
8 years$9,236$8,527$7,869$7,259$6,694$6,147
9 years$8,127$7,424$6,777$6,183$5,637$5,114
10 years$7,240$6,544$5,909$5,330$4,803$4,303
11 years$6,515$5,826$5,202$4,638$4,131$3,654
12 years$5,911$5,229$4,617$4,068$3,580$3,125
13 years$5,400$4,725$4,125$3,592$3,122$2,689
14 years$4,963$4,295$3,706$3,188$2,736$2,325
15 years$4,584$3,924$3,346$2,844$2,409$2,019
16 years$4,253$3,600$3,034$2,546$2,129$1,759
17 years$3,961$3,316$2,760$2,288$1,888$1,538
18 years$3,702$3,064$2,520$2,062$1,679$1,347
19 years$3,471$2,839$2,307$1,863$1,496$1,183
20 years$3,263$2,639$2,117$1,687$1,337$1,041
21 years$3,075$2,458$1,947$1,531$1,196$917
22 years$2,904$2,294$1,795$1,392$1,072$810
23 years$2,748$2,146$1,657$1,268$962$715
24 years$2,606$2,010$1,533$1,156$865$633
25 years$2,475$1,887$1,420$1,056$778$560
26 years$2,354$1,773$1,317$966$701$497
27 years$2,243$1,669$1,223$884$632$440
28 years$2,140$1,572$1,136$810$570$391
29 years$2,044$1,483$1,058$743$515$347
30 years$1,954$1,401$985$682$465$308
31 years$1,871$1,324$918$626$421$274
32 years$1,792$1,253$857$575$381$244
33 years$1,719$1,187$800$529$344$217
34 years$1,650$1,125$748$487$312$193
35 years$1,586$1,067$699$448$282$172
36 years$1,525$1,013$654$413$256$153
37 years$1,467$962$612$380$232$136
38 years$1,413$914$573$350$210$121
39 years$1,361$869$537$323$191$108
40 years$1,312$827$503$298$173$96
41 years$1,266$787$472$275$157$86
42 years$1,222$750$443$254$142$76
43 years$1,180$714$415$234$129$68
44 years$1,141$681$390$216$117$61
45 years$1,103$649$366$200$106$54
46 years$1,067$619$344$185$97$48
47 years$1,032$591$323$170$88$43
48 years$999$564$304$158$80$38
49 years$967$539$285$146$72$34
50 years$937$515$268$135$66$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $960,000, adding $6,286 every year, while hoping to spend $57,569 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: 59/25/16 Blend
48$960,000$960,000$960,000$960,000
49$1,064,404$1,013,524$998,644$1,122,482
50$1,111,720$1,001,934$970,846$1,150,879
51$1,161,933$987,846$940,187$1,174,913
52$1,215,278$971,078$906,510$1,199,785
53$1,272,010$951,435$869,653$1,225,585
54$1,332,412$928,712$829,443$1,252,413
55$1,396,791$902,691$785,701$1,280,384
56$1,465,483$873,143$738,242$1,309,624
57$1,538,857$839,822$686,868$1,340,278
58$1,617,319$802,471$631,376$1,372,507
59$1,701,310$760,817$571,552$1,406,493
60$1,791,318$714,572$507,174$1,442,440
61$1,887,876$663,429$438,008$1,480,575
62$1,991,569$607,067$363,810$1,521,155
63$2,103,039$545,143$284,328$1,564,465
64$2,222,992$477,297$199,295$1,610,827
65$2,352,201$403,149$108,435$1,660,598
66$2,491,517$322,294$11,460$1,714,177
67$2,641,874$234,309$0$1,772,012
68$2,804,298$138,744$0$1,850,310
69$2,979,918$35,123$0$1,937,025
70$3,169,972$0$0$2,030,872
71$3,375,825$0$0$2,153,795
72$3,598,974$0$0$2,297,588
73$3,841,066$0$0$2,453,656
74$4,103,915$0$0$2,623,177
75$4,389,512$0$0$2,807,446
76$4,700,051$0$0$3,007,887
77$5,037,943$0$0$3,226,066
78$5,405,842$0$0$3,463,707
79$5,806,670$0$0$3,722,708
80$6,243,638$0$0$4,005,158
81$6,720,285$0$0$4,313,352
82$7,240,504$0$0$4,649,823
83$7,808,579$0$0$5,017,353
84$8,429,229$0$0$5,419,009
85$9,107,647$0$0$5,858,165
86$9,849,551$0$0$6,338,538
87$10,661,235$0$0$6,864,217
88$11,549,633$0$0$7,439,709
89$12,522,378$0$0$8,069,975
90$13,587,874$0$0$8,760,477
91$14,755,381$0$0$9,517,233
92$16,035,091$0$0$10,346,868
93$17,438,234$0$0$11,256,680
94$18,977,176$0$0$12,254,708
95$20,665,537$0$0$13,349,805
96$22,518,321$0$0$14,551,723
97$24,552,054$0$0$15,871,204
98$26,784,938$0$0$17,320,081
99$29,237,026$0$0$18,911,389
100$31,930,409$0$0$20,659,487