Can I retire at age 49 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$80,927$80,207$79,503$78,817$78,147$75,195
2 years$40,063$39,317$38,594$37,893$37,213$34,273
3 years$26,443$25,694$24,973$24,278$23,609$20,774
4 years$19,635$18,888$18,174$17,491$16,838$14,129
5 years$15,551$14,808$14,104$13,435$12,800$10,225
6 years$12,829$12,092$11,398$10,744$10,128$7,688
7 years$10,886$10,155$9,472$8,833$8,237$5,931
8 years$9,429$8,705$8,033$7,410$6,833$4,659
9 years$8,296$7,579$6,919$6,312$5,755$3,710
10 years$7,391$6,680$6,032$5,441$4,903$2,984
11 years$6,650$5,947$5,310$4,735$4,217$2,419
12 years$6,034$5,338$4,713$4,153$3,654$1,972
13 years$5,513$4,824$4,211$3,667$3,187$1,616
14 years$5,066$4,385$3,783$3,255$2,793$1,330
15 years$4,680$4,006$3,416$2,903$2,460$1,098
16 years$4,342$3,675$3,097$2,599$2,174$908
17 years$4,044$3,385$2,818$2,335$1,927$753
18 years$3,779$3,128$2,572$2,105$1,714$625
19 years$3,543$2,899$2,355$1,902$1,528$520
20 years$3,331$2,693$2,161$1,722$1,364$433
21 years$3,139$2,509$1,988$1,563$1,221$361
22 years$2,964$2,342$1,832$1,421$1,094$301
23 years$2,806$2,190$1,692$1,294$982$251
24 years$2,660$2,052$1,565$1,181$883$210
25 years$2,527$1,926$1,449$1,078$795$175
26 years$2,403$1,810$1,344$986$716$147
27 years$2,290$1,703$1,248$902$645$123
28 years$2,184$1,605$1,160$827$582$103
29 years$2,086$1,514$1,080$758$526$86
30 years$1,995$1,430$1,006$696$475$72
31 years$1,910$1,352$938$639$430$60
32 years$1,830$1,279$875$587$389$50
33 years$1,755$1,211$817$540$352$42
34 years$1,685$1,148$763$497$318$35
35 years$1,619$1,089$713$457$288$29
36 years$1,556$1,034$667$421$261$25
37 years$1,498$982$625$388$237$21
38 years$1,442$933$585$358$215$17
39 years$1,390$887$548$330$195$14
40 years$1,340$844$514$304$177$12
41 years$1,293$803$482$281$160$10
42 years$1,248$765$452$259$145$9
43 years$1,205$729$424$239$132$7
44 years$1,164$695$398$221$120$6
45 years$1,126$663$374$204$109$5
46 years$1,089$632$351$188$99$4
47 years$1,054$603$330$174$90$4
48 years$1,020$576$310$161$81$3
49 years$988$550$291$149$74$2
50 years$957$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $980,000, adding $3,103 every year, while hoping to spend $27,356 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: 63/18/19 Blend
48$980,000$980,000$980,000$980,000
49$1,083,161$1,031,221$1,016,031$1,145,969
50$1,164,537$1,052,644$1,020,961$1,210,045
51$1,253,296$1,074,200$1,025,140$1,276,630
52$1,350,163$1,095,867$1,028,513$1,348,710
53$1,455,935$1,117,620$1,031,023$1,426,821
54$1,571,489$1,139,432$1,032,612$1,511,556
55$1,697,792$1,161,275$1,033,215$1,603,569
56$1,835,907$1,183,118$1,032,769$1,703,578
57$1,987,006$1,204,927$1,031,202$1,812,378
58$2,152,378$1,226,665$1,028,445$1,930,843
59$2,333,442$1,248,294$1,024,419$2,059,935
60$2,531,763$1,269,770$1,019,047$2,200,718
61$2,749,062$1,291,048$1,012,245$2,354,362
62$2,987,236$1,312,079$1,003,925$2,522,156
63$3,248,374$1,332,811$993,996$2,705,524
64$3,534,776$1,353,186$982,362$2,906,033
65$3,848,975$1,373,145$968,924$3,125,412
66$4,193,763$1,392,621$953,575$3,365,563
67$4,572,213$1,411,546$936,206$3,628,588
68$4,987,712$1,429,844$916,702$3,916,801
69$5,443,989$1,447,437$894,942$4,232,752
70$5,945,153$1,464,239$870,800$4,579,254
71$6,495,732$1,480,160$844,145$4,959,406
72$7,100,711$1,495,102$814,838$5,376,625
73$7,765,584$1,508,963$782,735$5,834,677
74$8,496,403$1,521,631$747,686$6,337,714
75$9,299,835$1,532,990$709,533$6,890,311
76$10,183,227$1,542,915$668,111$7,497,513
77$11,154,671$1,551,273$623,248$8,164,879
78$12,223,084$1,557,922$574,763$8,898,539
79$13,398,290$1,562,712$522,470$9,705,247
80$14,691,114$1,565,483$466,170$10,592,450
81$16,113,481$1,566,065$405,660$11,568,355
82$17,678,531$1,564,277$340,725$12,642,009
83$19,400,743$1,559,929$271,141$13,823,383
84$21,296,069$1,552,816$196,675$15,123,469
85$23,382,086$1,542,722$117,082$16,554,382
86$25,678,163$1,529,419$32,108$18,129,474
87$28,205,639$1,512,664$0$19,863,463
88$30,988,029$1,492,200$0$21,784,448
89$34,051,244$1,467,753$0$23,906,151
90$37,423,833$1,439,036$0$26,241,823
91$41,137,257$1,405,741$0$28,813,247
92$45,226,179$1,367,544$0$31,644,427
93$49,728,799$1,324,103$0$34,761,819
94$54,687,207$1,275,055$0$38,194,575
95$60,147,783$1,220,014$0$41,974,823
96$66,161,637$1,158,574$0$46,137,967
97$72,785,085$1,090,305$0$50,723,025
98$80,080,186$1,014,753$0$55,772,995
99$88,115,324$931,435$0$61,335,264
100$96,965,856$839,844$0$67,462,050