Can I retire at age 49 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$81,753$81,025$80,315$79,621$78,944$76,143
2 years$40,472$39,718$38,988$38,279$37,592$34,800
3 years$26,713$25,956$25,228$24,526$23,850$21,155
4 years$19,835$19,081$18,359$17,670$17,010$14,432
5 years$15,710$14,959$14,248$13,572$12,931$10,477
6 years$12,960$12,215$11,514$10,854$10,232$7,903
7 years$10,997$10,259$9,568$8,923$8,321$6,118
8 years$9,525$8,793$8,115$7,486$6,903$4,824
9 years$8,381$7,656$6,989$6,376$5,813$3,855
10 years$7,466$6,749$6,093$5,496$4,953$3,112
11 years$6,718$6,008$5,364$4,783$4,260$2,533
12 years$6,095$5,392$4,761$4,196$3,692$2,074
13 years$5,569$4,873$4,253$3,704$3,219$1,706
14 years$5,118$4,430$3,822$3,288$2,822$1,410
15 years$4,727$4,046$3,451$2,932$2,485$1,168
16 years$4,386$3,713$3,128$2,626$2,196$971
17 years$4,085$3,419$2,847$2,359$1,947$809
18 years$3,818$3,159$2,599$2,126$1,731$675
19 years$3,579$2,928$2,379$1,921$1,543$564
20 years$3,365$2,721$2,183$1,740$1,378$472
21 years$3,171$2,534$2,008$1,579$1,233$395
22 years$2,995$2,366$1,851$1,436$1,106$331
23 years$2,834$2,213$1,709$1,308$992$278
24 years$2,687$2,073$1,581$1,193$892$233
25 years$2,552$1,946$1,464$1,089$803$196
26 years$2,428$1,829$1,358$996$723$164
27 years$2,313$1,721$1,261$912$652$138
28 years$2,206$1,622$1,172$835$588$116
29 years$2,107$1,530$1,091$766$531$98
30 years$2,015$1,445$1,016$703$480$82
31 years$1,929$1,366$947$646$434$69
32 years$1,848$1,292$884$593$392$58
33 years$1,773$1,224$825$546$355$49
34 years$1,702$1,160$771$502$322$41
35 years$1,635$1,100$721$462$291$35
36 years$1,572$1,044$674$426$264$29
37 years$1,513$992$631$392$239$24
38 years$1,457$942$591$361$217$21
39 years$1,404$896$554$333$197$17
40 years$1,353$853$519$307$178$15
41 years$1,306$812$487$284$162$12
42 years$1,260$773$456$262$147$10
43 years$1,217$737$428$242$133$9
44 years$1,176$702$402$223$121$7
45 years$1,137$669$378$206$110$6
46 years$1,100$639$355$190$100$5
47 years$1,064$609$333$176$91$4
48 years$1,030$582$313$162$82$4
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $990,000, adding $4,736 every year, while hoping to spend $28,384 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: 60/24/16 Blend
48$990,000$990,000$990,000$990,000
49$1,095,865$1,043,395$1,028,050$1,156,887
50$1,177,443$1,064,321$1,032,290$1,219,544
51$1,266,391$1,085,321$1,035,720$1,284,284
52$1,363,430$1,106,369$1,038,283$1,354,246
53$1,469,354$1,127,436$1,039,921$1,429,937
54$1,585,039$1,148,491$1,040,569$1,511,918
55$1,711,447$1,169,501$1,040,162$1,600,805
56$1,849,637$1,190,430$1,038,630$1,697,280
57$2,000,778$1,211,238$1,035,901$1,802,091
58$2,166,152$1,231,883$1,031,899$1,916,065
59$2,347,175$1,252,322$1,026,543$2,040,113
60$2,545,406$1,272,504$1,019,751$2,175,239
61$2,762,558$1,292,377$1,011,434$2,322,550
62$3,000,522$1,311,887$1,001,500$2,483,265
63$3,261,378$1,330,972$989,853$2,658,730
64$3,547,417$1,349,569$976,392$2,850,427
65$3,861,164$1,367,608$961,011$3,059,990
66$4,205,399$1,385,017$943,601$3,289,220
67$4,583,183$1,401,715$924,045$3,540,104
68$4,997,889$1,417,621$902,221$3,814,829
69$5,453,232$1,432,643$878,005$4,115,810
70$5,953,306$1,446,687$851,262$4,445,706
71$6,502,618$1,459,649$821,854$4,807,451
72$7,106,135$1,471,422$789,637$5,204,276
73$7,769,329$1,481,890$754,458$5,639,745
74$8,498,228$1,490,930$716,159$6,117,788
75$9,299,471$1,498,410$674,574$6,642,734
76$10,180,376$1,504,191$629,531$7,219,357
77$11,149,003$1,508,124$580,849$7,852,919
78$12,214,231$1,510,052$528,337$8,549,223
79$13,385,846$1,509,808$471,800$9,314,661
80$14,674,626$1,507,213$411,030$10,156,284
81$16,092,451$1,502,079$345,812$11,081,862
82$17,652,405$1,494,205$275,921$12,099,959
83$19,368,909$1,483,379$201,122$13,220,018
84$21,257,848$1,469,375$121,170$14,452,445
85$23,336,728$1,451,955$35,809$15,808,714
86$25,624,838$1,430,864$0$17,301,468
87$28,143,429$1,405,834$0$18,954,087
88$30,915,919$1,376,580$0$20,779,632
89$33,968,112$1,342,802$0$22,788,969
90$37,328,440$1,304,180$0$25,000,816
91$41,028,233$1,260,376$0$27,435,805
92$45,102,011$1,211,033$0$30,116,669
93$49,587,815$1,155,772$0$33,068,466
94$54,527,561$1,094,194$0$36,318,808
95$59,967,437$1,025,875$0$39,898,131
96$65,958,340$950,367$0$43,839,971
97$72,556,353$867,197$0$48,181,294
98$79,823,277$775,866$0$52,962,835
99$87,827,211$675,843$0$58,229,487
100$96,643,199$566,571$0$64,030,730