Can I retire at age 49 with 970,000?

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 $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%14.7%
1 years$80,102$79,388$78,692$78,013$77,349$75,849
2 years$39,654$38,916$38,200$37,506$36,833$35,328
3 years$26,174$25,432$24,718$24,030$23,368$21,905
4 years$19,435$18,695$17,988$17,313$16,666$15,257
5 years$15,392$14,657$13,960$13,298$12,670$11,317
6 years$12,698$11,969$11,282$10,634$10,025$8,731
7 years$10,775$10,051$9,375$8,743$8,153$6,918
8 years$9,333$8,616$7,951$7,334$6,764$5,587
9 years$8,212$7,502$6,848$6,247$5,696$4,577
10 years$7,315$6,612$5,970$5,385$4,853$3,791
11 years$6,583$5,887$5,256$4,687$4,174$3,167
12 years$5,972$5,283$4,665$4,111$3,617$2,664
13 years$5,456$4,775$4,168$3,629$3,154$2,254
14 years$5,015$4,340$3,745$3,222$2,765$1,915
15 years$4,632$3,965$3,381$2,873$2,434$1,634
16 years$4,297$3,638$3,065$2,573$2,152$1,398
17 years$4,003$3,350$2,789$2,311$1,908$1,200
18 years$3,741$3,096$2,546$2,083$1,696$1,032
19 years$3,507$2,869$2,331$1,882$1,512$889
20 years$3,297$2,666$2,139$1,705$1,350$767
21 years$3,107$2,483$1,968$1,547$1,209$663
22 years$2,934$2,318$1,814$1,407$1,083$574
23 years$2,777$2,168$1,674$1,281$972$497
24 years$2,633$2,031$1,549$1,168$874$431
25 years$2,501$1,906$1,434$1,067$786$374
26 years$2,379$1,792$1,330$976$708$324
27 years$2,266$1,686$1,235$893$639$282
28 years$2,162$1,589$1,148$818$576$245
29 years$2,065$1,499$1,069$750$520$213
30 years$1,975$1,415$995$689$470$185
31 years$1,890$1,338$928$632$425$161
32 years$1,811$1,266$866$581$385$140
33 years$1,737$1,199$808$535$348$122
34 years$1,668$1,136$755$492$315$106
35 years$1,602$1,078$706$453$285$92
36 years$1,541$1,023$661$417$259$81
37 years$1,482$972$618$384$234$70
38 years$1,427$923$579$354$212$61
39 years$1,375$878$542$326$193$53
40 years$1,326$835$508$301$175$46
41 years$1,279$795$477$278$159$40
42 years$1,235$757$447$256$144$35
43 years$1,193$722$420$237$131$31
44 years$1,152$688$394$219$119$27
45 years$1,114$656$370$202$108$23
46 years$1,078$626$347$186$98$20
47 years$1,043$597$326$172$89$18
48 years$1,009$570$307$159$81$15
49 years$978$544$288$147$73$13
50 years$947$520$271$136$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $970,000, adding $5,259 every year, while hoping to spend $56,587 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: 70/25/5 Blend
48$970,000$970,000$970,000$970,000
49$1,074,365$1,022,955$1,007,920$1,148,656
50$1,123,742$1,012,871$981,477$1,188,335
51$1,176,259$1,000,397$952,252$1,224,227
52$1,232,176$985,356$920,091$1,261,922
53$1,291,779$967,559$884,835$1,301,583
54$1,355,380$946,809$846,317$1,343,390
55$1,423,322$922,896$804,361$1,387,544
56$1,495,978$895,595$758,785$1,434,266
57$1,573,761$864,673$709,398$1,483,801
58$1,657,122$829,879$656,000$1,536,422
59$1,746,555$790,949$598,382$1,592,432
60$1,842,603$747,605$536,327$1,652,163
61$1,945,861$699,551$469,607$1,715,987
62$2,056,985$646,474$397,984$1,784,315
63$2,176,691$588,045$321,210$1,857,601
64$2,305,768$523,915$239,026$1,936,349
65$2,445,084$453,714$151,161$2,021,116
66$2,595,591$377,054$57,333$2,112,522
67$2,758,333$293,522$0$2,211,249
68$2,934,463$202,684$0$2,320,339
69$3,125,243$104,080$0$2,441,759
70$3,332,063$0$0$2,573,393
71$3,556,453$0$0$2,717,049
72$3,800,093$0$0$2,904,162
73$4,064,832$0$0$3,107,523
74$4,352,704$0$0$3,328,703
75$4,665,947$0$0$3,569,426
76$5,007,022$0$0$3,831,590
77$5,378,639$0$0$4,117,284
78$5,783,780$0$0$4,428,808
79$6,225,725$0$0$4,768,691
80$6,708,087$0$0$5,139,719
81$7,234,840$0$0$5,544,958
82$7,810,362$0$0$5,987,781
83$8,439,471$0$0$6,471,906
84$9,127,471$0$0$7,001,423
85$9,880,203$0$0$7,580,836
86$10,704,098$0$0$8,215,105
87$11,606,238$0$0$8,909,692
88$12,594,422$0$0$9,670,611
89$13,677,237$0$0$10,504,486
90$14,864,142$0$0$11,418,611
91$16,165,554$0$0$12,421,021
92$17,592,946$0$0$13,520,565
93$19,158,955$0$0$14,726,989
94$20,877,500$0$0$16,051,030
95$22,763,913$0$0$17,504,512
96$24,835,083$0$0$19,100,462
97$27,109,614$0$0$20,853,229
98$29,607,999$0$0$22,778,621
99$32,352,815$0$0$24,894,051
100$35,368,934$0$0$27,218,704