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%14.2%
1 years$81,753$81,025$80,315$79,621$78,944$77,572
2 years$40,472$39,718$38,988$38,279$37,592$36,215
3 years$26,713$25,956$25,228$24,526$23,850$22,510
4 years$19,835$19,081$18,359$17,670$17,010$15,717
5 years$15,710$14,959$14,248$13,572$12,931$11,689
6 years$12,960$12,215$11,514$10,854$10,232$9,042
7 years$10,997$10,259$9,568$8,923$8,321$7,185
8 years$9,525$8,793$8,115$7,486$6,903$5,819
9 years$8,381$7,656$6,989$6,376$5,813$4,782
10 years$7,466$6,749$6,093$5,496$4,953$3,973
11 years$6,718$6,008$5,364$4,783$4,260$3,329
12 years$6,095$5,392$4,761$4,196$3,692$2,810
13 years$5,569$4,873$4,253$3,704$3,219$2,385
14 years$5,118$4,430$3,822$3,288$2,822$2,034
15 years$4,727$4,046$3,451$2,932$2,485$1,741
16 years$4,386$3,713$3,128$2,626$2,196$1,495
17 years$4,085$3,419$2,847$2,359$1,947$1,287
18 years$3,818$3,159$2,599$2,126$1,731$1,111
19 years$3,579$2,928$2,379$1,921$1,543$961
20 years$3,365$2,721$2,183$1,740$1,378$832
21 years$3,171$2,534$2,008$1,579$1,233$722
22 years$2,995$2,366$1,851$1,436$1,106$627
23 years$2,834$2,213$1,709$1,308$992$545
24 years$2,687$2,073$1,581$1,193$892$475
25 years$2,552$1,946$1,464$1,089$803$413
26 years$2,428$1,829$1,358$996$723$360
27 years$2,313$1,721$1,261$912$652$314
28 years$2,206$1,622$1,172$835$588$274
29 years$2,107$1,530$1,091$766$531$239
30 years$2,015$1,445$1,016$703$480$209
31 years$1,929$1,366$947$646$434$183
32 years$1,848$1,292$884$593$392$160
33 years$1,773$1,224$825$546$355$139
34 years$1,702$1,160$771$502$322$122
35 years$1,635$1,100$721$462$291$107
36 years$1,572$1,044$674$426$264$93
37 years$1,513$992$631$392$239$82
38 years$1,457$942$591$361$217$71
39 years$1,404$896$554$333$197$62
40 years$1,353$853$519$307$178$55
41 years$1,306$812$487$284$162$48
42 years$1,260$773$456$262$147$42
43 years$1,217$737$428$242$133$37
44 years$1,176$702$402$223$121$32
45 years$1,137$669$378$206$110$28
46 years$1,100$639$355$190$100$25
47 years$1,064$609$333$176$91$22
48 years$1,030$582$313$162$82$19
49 years$998$556$294$150$75$16
50 years$967$531$277$139$68$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $990,000, adding $4,985 every year, while hoping to spend $30,854 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: 67/17/16 Blend
48$990,000$990,000$990,000$990,000
49$1,096,122$1,043,652$1,028,307$1,165,044
50$1,175,098$1,061,963$1,029,927$1,230,003
51$1,261,096$1,080,136$1,030,567$1,296,930
52$1,354,798$1,098,134$1,030,162$1,369,345
53$1,456,958$1,115,913$1,028,643$1,447,783
54$1,568,403$1,133,428$1,025,938$1,532,837
55$1,690,046$1,150,631$1,021,972$1,625,158
56$1,822,888$1,167,469$1,016,665$1,725,465
57$1,968,034$1,183,887$1,009,935$1,834,549
58$2,126,700$1,199,825$1,001,695$1,953,284
59$2,300,225$1,215,218$991,854$2,082,631
60$2,490,083$1,229,998$980,315$2,223,650
61$2,697,896$1,244,092$966,980$2,377,511
62$2,925,451$1,257,423$951,744$2,545,501
63$3,174,717$1,269,906$934,497$2,729,042
64$3,447,860$1,281,454$915,125$2,929,697
65$3,747,268$1,291,971$893,507$3,149,193
66$4,075,568$1,301,356$869,519$3,389,432
67$4,435,656$1,309,503$843,028$3,652,512
68$4,830,722$1,316,297$813,898$3,940,743
69$5,264,277$1,321,617$781,985$4,256,674
70$5,740,190$1,325,334$747,139$4,603,113
71$6,262,724$1,327,309$709,202$4,983,157
72$6,836,573$1,327,398$668,011$5,400,220
73$7,466,908$1,325,446$623,395$5,858,064
74$8,159,427$1,321,288$575,173$6,360,836
75$8,920,407$1,314,748$523,159$6,913,109
76$9,756,761$1,305,644$467,158$7,519,923
77$10,676,107$1,293,776$406,964$8,186,833
78$11,686,837$1,278,939$342,364$8,919,963
79$12,798,197$1,260,910$273,136$9,726,064
80$14,020,374$1,239,455$199,048$10,612,578
81$15,364,592$1,214,328$119,855$11,587,706
82$16,843,214$1,185,264$35,304$12,660,490
83$18,469,867$1,151,986$0$13,840,896
84$20,259,560$1,114,201$0$15,149,286
85$22,228,833$1,071,595$0$16,595,435
86$24,395,911$1,023,840$0$18,186,703
87$26,780,872$970,586$0$19,937,856
88$29,405,842$911,465$0$21,865,161
89$32,295,198$846,087$0$23,986,550
90$35,475,802$774,040$0$26,321,780
91$38,977,252$694,886$0$28,892,627
92$42,832,162$608,166$0$31,723,089
93$47,076,469$513,392$0$34,839,613
94$51,749,771$410,050$0$38,271,342
95$56,895,702$297,597$0$42,050,398
96$62,562,343$175,459$0$46,212,177
97$68,802,674$43,029$0$50,795,688
98$75,675,077$0$0$55,843,922
99$83,243,883$0$0$61,423,026
100$91,579,980$0$0$67,576,663