Can I retire at age 49 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$83,405$82,662$81,937$81,230$80,539$77,650
2 years$41,290$40,521$39,775$39,053$38,352$35,473
3 years$27,253$26,481$25,737$25,021$24,332$21,553
4 years$20,236$19,466$18,730$18,027$17,354$14,696
5 years$16,027$15,262$14,535$13,846$13,192$10,663
6 years$13,222$12,462$11,747$11,073$10,438$8,040
7 years$11,219$10,466$9,762$9,104$8,489$6,220
8 years$9,717$8,971$8,279$7,637$7,043$4,901
9 years$8,550$7,811$7,130$6,505$5,931$3,914
10 years$7,617$6,885$6,216$5,607$5,053$3,158
11 years$6,854$6,129$5,473$4,880$4,346$2,568
12 years$6,219$5,501$4,857$4,280$3,766$2,102
13 years$5,681$4,972$4,339$3,779$3,284$1,728
14 years$5,221$4,519$3,899$3,355$2,879$1,427
15 years$4,823$4,128$3,520$2,992$2,535$1,182
16 years$4,475$3,788$3,192$2,679$2,240$981
17 years$4,168$3,488$2,904$2,407$1,986$817
18 years$3,895$3,223$2,651$2,169$1,766$681
19 years$3,652$2,987$2,427$1,960$1,574$568
20 years$3,433$2,776$2,227$1,775$1,406$475
21 years$3,235$2,586$2,049$1,611$1,258$398
22 years$3,055$2,414$1,888$1,465$1,128$333
23 years$2,891$2,257$1,743$1,334$1,013$279
24 years$2,742$2,115$1,612$1,217$910$234
25 years$2,604$1,985$1,493$1,111$819$196
26 years$2,477$1,865$1,385$1,016$738$165
27 years$2,360$1,756$1,286$930$665$138
28 years$2,251$1,654$1,196$852$600$116
29 years$2,150$1,561$1,113$781$542$98
30 years$2,056$1,474$1,036$717$490$82
31 years$1,968$1,393$966$659$443$69
32 years$1,886$1,318$901$605$400$58
33 years$1,809$1,248$842$557$362$49
34 years$1,736$1,183$786$512$328$41
35 years$1,668$1,122$735$471$297$34
36 years$1,604$1,065$688$434$269$29
37 years$1,544$1,012$644$400$244$24
38 years$1,486$962$603$369$221$20
39 years$1,432$914$565$340$201$17
40 years$1,381$870$529$314$182$14
41 years$1,332$828$496$289$165$12
42 years$1,286$789$466$267$150$10
43 years$1,242$751$437$246$136$9
44 years$1,200$716$410$228$123$7
45 years$1,160$683$385$210$112$6
46 years$1,122$652$362$194$102$5
47 years$1,086$622$340$179$92$4
48 years$1,051$594$319$166$84$4
49 years$1,018$567$300$153$76$3
50 years$986$541$282$142$69$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,010,000, adding $5,740 every year, while hoping to spend $30,218 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: 86/6/8 Blend
48$1,010,000$1,010,000$1,010,000$1,010,000
49$1,118,941$1,065,411$1,049,756$1,213,741
50$1,200,921$1,085,464$1,052,771$1,296,500
51$1,290,251$1,105,487$1,054,874$1,382,688
52$1,387,647$1,125,447$1,056,003$1,476,440
53$1,493,900$1,145,307$1,056,093$1,578,496
54$1,609,880$1,165,029$1,055,073$1,689,673
55$1,736,542$1,184,571$1,052,874$1,810,869
56$1,874,942$1,203,887$1,049,417$1,943,074
57$2,026,239$1,222,930$1,044,625$2,087,377
58$2,191,710$1,241,648$1,038,415$2,244,979
59$2,372,760$1,259,985$1,030,698$2,417,201
60$2,570,939$1,277,882$1,021,383$2,605,501
61$2,787,951$1,295,274$1,010,376$2,811,481
62$3,025,674$1,312,094$997,576$3,036,909
63$3,286,175$1,328,269$982,877$3,283,731
64$3,571,732$1,343,721$966,170$3,554,091
65$3,884,852$1,358,367$947,340$3,850,352
66$4,228,297$1,372,117$926,266$4,175,116
67$4,605,110$1,384,878$902,823$4,531,249
68$5,018,643$1,396,548$876,879$4,921,912
69$5,472,585$1,407,020$848,295$5,350,583
70$5,971,005$1,416,180$816,929$5,821,099
71$6,518,379$1,423,905$782,628$6,337,683
72$7,119,644$1,430,066$745,236$6,904,991
73$7,780,233$1,434,525$704,587$7,528,151
74$8,506,136$1,437,136$660,510$8,212,817
75$9,303,949$1,437,743$612,824$8,965,215
76$10,180,940$1,436,180$561,342$9,792,207
77$11,145,116$1,432,273$505,867$10,701,355
78$12,205,298$1,425,834$446,193$11,700,990
79$13,371,205$1,416,666$382,107$12,800,293
80$14,653,544$1,404,560$313,384$14,009,380
81$16,064,115$1,389,292$239,792$15,339,400
82$17,615,914$1,370,627$161,085$16,802,636
83$19,323,265$1,348,316$77,009$18,412,626
84$21,201,947$1,322,092$0$20,184,286
85$23,269,348$1,291,677$0$22,135,140
86$25,544,625$1,256,773$0$24,289,300
87$28,048,887$1,217,065$0$26,660,173
88$30,805,393$1,172,220$0$29,269,780
89$33,839,772$1,121,888$0$32,142,389
90$37,180,262$1,065,694$0$35,304,738
91$40,857,980$1,003,245$0$38,786,292
92$44,907,214$934,123$0$42,619,520
93$49,365,744$857,890$0$46,840,199
94$54,275,201$774,077$0$51,487,755
95$59,681,458$682,193$0$56,605,632
96$65,635,064$581,718$0$62,241,704
97$72,191,720$472,102$0$68,448,724
98$79,412,804$352,764$0$75,284,825
99$87,365,951$223,090$0$82,814,067
100$96,125,690$82,433$0$91,107,043