Can I retire at age 49 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$80,102$79,388$78,692$78,013$77,349$75,235
2 years$39,654$38,916$38,200$37,506$36,833$34,719
3 years$26,174$25,432$24,718$24,030$23,368$21,320
4 years$19,435$18,695$17,988$17,313$16,666$14,700
5 years$15,392$14,657$13,960$13,298$12,670$10,790
6 years$12,698$11,969$11,282$10,634$10,025$8,234
7 years$10,775$10,051$9,375$8,743$8,153$6,451
8 years$9,333$8,616$7,951$7,334$6,764$5,149
9 years$8,212$7,502$6,848$6,247$5,696$4,168
10 years$7,315$6,612$5,970$5,385$4,853$3,410
11 years$6,583$5,887$5,256$4,687$4,174$2,812
12 years$5,972$5,283$4,665$4,111$3,617$2,335
13 years$5,456$4,775$4,168$3,629$3,154$1,949
14 years$5,015$4,340$3,745$3,222$2,765$1,634
15 years$4,632$3,965$3,381$2,873$2,434$1,375
16 years$4,297$3,638$3,065$2,573$2,152$1,160
17 years$4,003$3,350$2,789$2,311$1,908$981
18 years$3,741$3,096$2,546$2,083$1,696$831
19 years$3,507$2,869$2,331$1,882$1,512$706
20 years$3,297$2,666$2,139$1,705$1,350$600
21 years$3,107$2,483$1,968$1,547$1,209$510
22 years$2,934$2,318$1,814$1,407$1,083$435
23 years$2,777$2,168$1,674$1,281$972$371
24 years$2,633$2,031$1,549$1,168$874$316
25 years$2,501$1,906$1,434$1,067$786$270
26 years$2,379$1,792$1,330$976$708$231
27 years$2,266$1,686$1,235$893$639$197
28 years$2,162$1,589$1,148$818$576$169
29 years$2,065$1,499$1,069$750$520$144
30 years$1,975$1,415$995$689$470$123
31 years$1,890$1,338$928$632$425$106
32 years$1,811$1,266$866$581$385$90
33 years$1,737$1,199$808$535$348$77
34 years$1,668$1,136$755$492$315$66
35 years$1,602$1,078$706$453$285$57
36 years$1,541$1,023$661$417$259$49
37 years$1,482$972$618$384$234$42
38 years$1,427$923$579$354$212$36
39 years$1,375$878$542$326$193$31
40 years$1,326$835$508$301$175$26
41 years$1,279$795$477$278$159$22
42 years$1,235$757$447$256$144$19
43 years$1,193$722$420$237$131$16
44 years$1,152$688$394$219$119$14
45 years$1,114$656$370$202$108$12
46 years$1,078$626$347$186$98$10
47 years$1,043$597$326$172$89$9
48 years$1,009$570$307$159$81$8
49 years$978$544$288$147$73$6
50 years$947$520$271$136$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $970,000, adding $3,504 every year, while hoping to spend $39,838 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: 65/10/25 Blend
48$970,000$970,000$970,000$970,000
49$1,072,554$1,021,144$1,006,109$1,135,055
50$1,139,568$1,028,793$997,427$1,185,276
51$1,212,081$1,035,481$987,118$1,235,361
52$1,290,613$1,041,120$975,087$1,289,207
53$1,375,736$1,045,615$961,232$1,347,184
54$1,468,075$1,048,864$945,447$1,409,706
55$1,568,321$1,050,761$927,622$1,477,226
56$1,677,233$1,051,192$907,641$1,550,247
57$1,795,646$1,050,035$885,382$1,629,322
58$1,924,478$1,047,163$860,719$1,715,062
59$2,064,740$1,042,439$833,518$1,808,144
60$2,217,544$1,035,719$803,641$1,909,313
61$2,384,112$1,026,848$770,942$2,019,392
62$2,565,793$1,015,665$735,269$2,139,290
63$2,764,068$1,001,997$696,465$2,270,008
64$2,980,568$985,660$654,362$2,412,655
65$3,217,091$966,462$608,788$2,568,451
66$3,475,613$944,197$559,561$2,738,744
67$3,758,311$918,648$506,491$2,925,023
68$4,067,582$889,585$449,382$3,128,930
69$4,406,065$856,765$388,026$3,352,275
70$4,776,666$819,929$322,208$3,597,059
71$5,182,586$778,806$251,702$3,865,486
72$5,627,349$733,106$176,273$4,159,991
73$6,114,836$682,526$95,676$4,483,258
74$6,649,322$626,742$9,654$4,838,249
75$7,235,515$565,415$0$5,228,233
76$7,878,601$498,183$0$5,678,726
77$8,584,290$424,666$0$6,175,965
78$9,358,876$344,463$0$6,721,836
79$10,209,287$257,147$0$7,321,257
80$11,143,158$162,271$0$7,979,649
81$12,168,898$59,360$0$8,702,986
82$13,295,771$0$0$9,497,851
83$14,533,984$0$0$10,377,228
84$15,894,778$0$0$11,350,912
85$17,390,541$0$0$12,421,239
86$19,034,919$0$0$13,597,985
87$20,842,945$0$0$14,891,917
88$22,831,183$0$0$16,314,899
89$25,017,883$0$0$17,880,001
90$27,423,150$0$0$19,601,624
91$30,069,138$0$0$21,495,636
92$32,980,255$0$0$23,579,518
93$36,183,394$0$0$25,872,533
94$39,708,187$0$0$28,395,905
95$43,587,282$0$0$31,173,018
96$47,856,654$0$0$34,229,639
97$52,555,941$0$0$37,594,161
98$57,728,819$0$0$41,297,867
99$63,423,415$0$0$45,375,227
100$69,692,756$0$0$49,864,225