Can I retire at age 49 with 990,000?

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 $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%16.5%
1 years$81,753$81,025$80,315$79,621$78,944$76,849
2 years$40,472$39,718$38,988$38,279$37,592$35,496
3 years$26,713$25,956$25,228$24,526$23,850$21,818
4 years$19,835$19,081$18,359$17,670$17,010$15,058
5 years$15,710$14,959$14,248$13,572$12,931$11,065
6 years$12,960$12,215$11,514$10,854$10,232$8,453
7 years$10,997$10,259$9,568$8,923$8,321$6,630
8 years$9,525$8,793$8,115$7,486$6,903$5,298
9 years$8,381$7,656$6,989$6,376$5,813$4,294
10 years$7,466$6,749$6,093$5,496$4,953$3,517
11 years$6,718$6,008$5,364$4,783$4,260$2,905
12 years$6,095$5,392$4,761$4,196$3,692$2,415
13 years$5,569$4,873$4,253$3,704$3,219$2,019
14 years$5,118$4,430$3,822$3,288$2,822$1,694
15 years$4,727$4,046$3,451$2,932$2,485$1,427
16 years$4,386$3,713$3,128$2,626$2,196$1,206
17 years$4,085$3,419$2,847$2,359$1,947$1,021
18 years$3,818$3,159$2,599$2,126$1,731$867
19 years$3,579$2,928$2,379$1,921$1,543$737
20 years$3,365$2,721$2,183$1,740$1,378$627
21 years$3,171$2,534$2,008$1,579$1,233$535
22 years$2,995$2,366$1,851$1,436$1,106$456
23 years$2,834$2,213$1,709$1,308$992$390
24 years$2,687$2,073$1,581$1,193$892$333
25 years$2,552$1,946$1,464$1,089$803$285
26 years$2,428$1,829$1,358$996$723$244
27 years$2,313$1,721$1,261$912$652$209
28 years$2,206$1,622$1,172$835$588$179
29 years$2,107$1,530$1,091$766$531$153
30 years$2,015$1,445$1,016$703$480$131
31 years$1,929$1,366$947$646$434$112
32 years$1,848$1,292$884$593$392$96
33 years$1,773$1,224$825$546$355$83
34 years$1,702$1,160$771$502$322$71
35 years$1,635$1,100$721$462$291$61
36 years$1,572$1,044$674$426$264$52
37 years$1,513$992$631$392$239$45
38 years$1,457$942$591$361$217$38
39 years$1,404$896$554$333$197$33
40 years$1,353$853$519$307$178$28
41 years$1,306$812$487$284$162$24
42 years$1,260$773$456$262$147$21
43 years$1,217$737$428$242$133$18
44 years$1,176$702$402$223$121$15
45 years$1,137$669$378$206$110$13
46 years$1,100$639$355$190$100$11
47 years$1,064$609$333$176$91$10
48 years$1,030$582$313$162$82$8
49 years$998$556$294$150$75$7
50 years$967$531$277$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $990,000, adding $3,302 every year, while hoping to spend $46,485 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: 52/36/12 Blend
48$990,000$990,000$990,000$990,000
49$1,094,386$1,041,916$1,026,571$1,147,657
50$1,156,554$1,043,510$1,011,501$1,185,964
51$1,223,505$1,043,625$994,369$1,222,364
52$1,295,677$1,042,137$975,056$1,260,885
53$1,373,554$1,038,920$953,438$1,301,739
54$1,457,664$1,033,835$929,386$1,345,162
55$1,548,590$1,026,736$902,764$1,391,416
56$1,646,971$1,017,471$873,431$1,440,791
57$1,753,510$1,005,875$841,239$1,493,611
58$1,868,980$991,775$806,033$1,550,234
59$1,994,231$974,988$767,651$1,611,057
60$2,130,199$955,318$725,923$1,676,523
61$2,277,911$932,560$680,673$1,747,120
62$2,438,498$906,496$631,715$1,823,392
63$2,613,204$876,894$578,857$1,905,940
64$2,803,399$843,510$521,897$1,995,432
65$3,010,589$806,084$460,624$2,092,607
66$3,236,431$764,345$394,816$2,198,285
67$3,482,750$718,001$324,246$2,313,373
68$3,751,553$666,746$248,672$2,438,877
69$4,045,053$610,257$167,843$2,575,911
70$4,365,680$548,192$81,498$2,725,706
71$4,716,115$480,189$0$2,889,628
72$5,099,305$405,865$0$3,070,551
73$5,518,499$324,817$0$3,280,006
74$5,977,271$236,618$0$3,509,437
75$6,479,558$140,818$0$3,760,928
76$7,029,696$36,940$0$4,036,783
77$7,632,458$0$0$4,339,550
78$8,293,102$0$0$4,701,955
79$9,017,419$0$0$5,115,433
80$9,811,787$0$0$5,569,002
81$10,683,230$0$0$6,066,687
82$11,639,486$0$0$6,612,920
83$12,689,076$0$0$7,212,583
84$13,841,389$0$0$7,871,053
85$15,106,766$0$0$8,594,255
86$16,496,598$0$0$9,388,715
87$18,023,434$0$0$10,261,622
88$19,701,100$0$0$11,220,896
89$21,544,825$0$0$12,275,262
90$23,571,388$0$0$13,434,334
91$25,799,273$0$0$14,708,701
92$28,248,846$0$0$16,110,032
93$30,942,543$0$0$17,651,181
94$33,905,086$0$0$19,346,313
95$37,163,710$0$0$21,211,031
96$40,748,424$0$0$23,262,529
97$44,692,289$0$0$25,519,752
98$49,031,736$0$0$28,003,571
99$53,806,903$0$0$30,736,985
100$59,062,015$0$0$33,745,334