Can I retire at age 49 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$84,231$83,480$82,748$82,034$81,336$78,575
2 years$41,698$40,922$40,169$39,439$38,732$35,978
3 years$27,523$26,743$25,992$25,269$24,573$21,913
4 years$20,436$19,659$18,916$18,205$17,526$14,979
5 years$16,186$15,413$14,679$13,983$13,323$10,897
6 years$13,353$12,586$11,863$11,182$10,542$8,238
7 years$11,330$10,569$9,858$9,194$8,573$6,392
8 years$9,814$9,060$8,361$7,712$7,112$5,052
9 years$8,635$7,888$7,201$6,569$5,990$4,047
10 years$7,692$6,953$6,278$5,663$5,103$3,275
11 years$6,922$6,190$5,527$4,928$4,389$2,672
12 years$6,280$5,556$4,905$4,323$3,804$2,194
13 years$5,738$5,021$4,382$3,816$3,317$1,810
14 years$5,273$4,564$3,938$3,388$2,907$1,500
15 years$4,871$4,169$3,555$3,021$2,560$1,247
16 years$4,519$3,825$3,223$2,705$2,262$1,039
17 years$4,209$3,523$2,933$2,431$2,006$868
18 years$3,934$3,255$2,677$2,190$1,784$726
19 years$3,688$3,017$2,451$1,979$1,590$609
20 years$3,467$2,803$2,249$1,793$1,420$511
21 years$3,267$2,611$2,069$1,627$1,271$429
22 years$3,085$2,438$1,907$1,479$1,139$361
23 years$2,920$2,280$1,761$1,347$1,023$303
24 years$2,769$2,136$1,628$1,229$919$255
25 years$2,630$2,005$1,508$1,122$827$215
26 years$2,502$1,884$1,399$1,026$745$181
27 years$2,383$1,773$1,299$939$672$153
28 years$2,273$1,671$1,208$860$606$129
29 years$2,171$1,576$1,124$789$547$109
30 years$2,076$1,488$1,047$724$494$92
31 years$1,988$1,407$976$665$447$77
32 years$1,905$1,331$910$611$404$65
33 years$1,827$1,261$850$562$366$55
34 years$1,754$1,195$794$517$331$47
35 years$1,685$1,133$743$476$300$39
36 years$1,620$1,076$695$438$272$33
37 years$1,559$1,022$650$404$246$28
38 years$1,501$971$609$372$223$24
39 years$1,446$923$570$343$203$20
40 years$1,395$879$535$317$184$17
41 years$1,345$836$501$292$167$14
42 years$1,299$796$470$270$151$12
43 years$1,254$759$441$249$137$10
44 years$1,212$723$414$230$125$9
45 years$1,172$690$389$212$113$7
46 years$1,133$658$365$196$103$6
47 years$1,097$628$343$181$93$5
48 years$1,061$599$323$167$85$4
49 years$1,028$572$303$155$77$4
50 years$996$547$285$143$70$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,020,000, adding $2,059 every year, while hoping to spend $56,668 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: 62/17/21 Blend
48$1,020,000$1,020,000$1,020,000$1,020,000
49$1,126,164$1,072,104$1,056,294$1,189,714
50$1,180,738$1,064,343$1,031,385$1,225,118
51$1,238,980$1,054,302$1,003,743$1,257,270
52$1,301,203$1,041,810$973,216$1,291,085
53$1,367,752$1,026,685$939,645$1,326,729
54$1,439,005$1,008,735$902,865$1,364,392
55$1,515,376$987,755$862,703$1,404,283
56$1,597,318$963,529$818,978$1,446,633
57$1,685,331$935,828$771,500$1,491,703
58$1,779,961$904,410$720,072$1,539,779
59$1,881,810$869,019$664,487$1,591,182
60$1,991,536$829,382$604,529$1,646,267
61$2,109,864$785,214$539,972$1,705,430
62$2,237,591$736,210$470,582$1,769,109
63$2,375,590$682,049$396,111$1,837,791
64$2,524,822$622,391$316,303$1,912,016
65$2,686,345$556,879$230,889$1,992,384
66$2,861,318$485,132$139,590$2,079,561
67$3,051,019$406,750$42,113$2,174,284
68$3,256,851$321,309$0$2,277,370
69$3,480,360$228,363$0$2,403,599
70$3,723,242$127,438$0$2,551,074
71$3,987,367$18,037$0$2,711,536
72$4,274,790$0$0$2,886,296
73$4,587,772$0$0$3,095,573
74$4,928,802$0$0$3,327,351
75$5,300,620$0$0$3,580,125
76$5,706,239$0$0$3,855,954
77$6,148,977$0$0$4,157,103
78$6,632,486$0$0$4,486,066
79$7,160,788$0$0$4,845,589
80$7,738,307$0$0$5,238,694
81$8,369,918$0$0$5,668,711
82$9,060,985$0$0$6,139,302
83$9,817,418$0$0$6,654,504
84$10,645,721$0$0$7,218,760
85$11,553,059$0$0$7,836,963
86$12,547,322$0$0$8,514,502
87$13,637,200$0$0$9,257,312
88$14,832,262$0$0$10,071,931
89$16,143,048$0$0$10,965,557
90$17,581,167$0$0$11,946,122
91$19,159,409$0$0$13,022,359
92$20,891,857$0$0$14,203,891
93$22,794,028$0$0$15,501,317
94$24,883,013$0$0$16,926,312
95$27,177,640$0$0$18,491,739
96$29,698,651$0$0$20,211,765
97$32,468,895$0$0$22,102,001
98$35,513,545$0$0$24,179,644
99$38,860,333$0$0$26,463,637
100$42,539,813$0$0$28,974,855