Can I retire at age 49 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$85,056$84,299$83,560$82,838$82,134$79,062
2 years$42,107$41,323$40,563$39,826$39,111$36,052
3 years$27,793$27,005$26,247$25,517$24,814$21,863
4 years$20,637$19,852$19,101$18,384$17,697$14,878
5 years$16,344$15,564$14,823$14,120$13,453$10,772
6 years$13,484$12,709$11,979$11,292$10,645$8,104
7 years$11,441$10,673$9,955$9,284$8,657$6,255
8 years$9,910$9,149$8,443$7,788$7,182$4,917
9 years$8,720$7,966$7,272$6,634$6,048$3,917
10 years$7,768$7,021$6,339$5,718$5,154$3,153
11 years$6,990$6,251$5,581$4,977$4,432$2,557
12 years$6,342$5,610$4,953$4,365$3,841$2,087
13 years$5,794$5,070$4,425$3,854$3,349$1,711
14 years$5,325$4,609$3,976$3,421$2,936$1,409
15 years$4,918$4,210$3,590$3,051$2,585$1,164
16 years$4,563$3,863$3,255$2,732$2,285$964
17 years$4,250$3,557$2,962$2,454$2,026$799
18 years$3,972$3,287$2,704$2,212$1,801$665
19 years$3,724$3,046$2,475$1,999$1,605$553
20 years$3,501$2,831$2,272$1,810$1,434$461
21 years$3,299$2,637$2,089$1,643$1,283$384
22 years$3,116$2,461$1,926$1,494$1,150$321
23 years$2,949$2,302$1,778$1,360$1,033$268
24 years$2,796$2,157$1,644$1,241$928$224
25 years$2,655$2,024$1,523$1,133$835$187
26 years$2,526$1,902$1,413$1,036$752$157
27 years$2,407$1,790$1,312$948$678$131
28 years$2,296$1,687$1,219$869$612$110
29 years$2,193$1,592$1,135$797$553$92
30 years$2,097$1,503$1,057$731$499$77
31 years$2,007$1,421$985$672$451$64
32 years$1,923$1,344$919$617$408$54
33 years$1,845$1,273$858$568$370$45
34 years$1,771$1,207$802$522$335$38
35 years$1,701$1,145$750$481$303$32
36 years$1,636$1,086$701$443$275$27
37 years$1,574$1,032$657$408$249$22
38 years$1,516$981$615$376$226$19
39 years$1,461$932$576$347$205$16
40 years$1,408$887$540$320$186$13
41 years$1,359$844$506$295$168$11
42 years$1,311$804$475$272$153$9
43 years$1,266$766$446$251$139$8
44 years$1,224$730$418$232$126$6
45 years$1,183$697$393$214$114$5
46 years$1,144$664$369$198$104$5
47 years$1,107$634$347$183$94$4
48 years$1,072$605$326$169$86$3
49 years$1,038$578$306$156$78$3
50 years$1,006$552$288$144$71$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,030,000, adding $6,610 every year, while hoping to spend $31,642 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: 59/13/28 Blend
48$1,030,000$1,030,000$1,030,000$1,030,000
49$1,141,878$1,087,288$1,071,323$1,200,202
50$1,224,683$1,106,898$1,073,546$1,260,431
51$1,314,873$1,126,409$1,074,782$1,322,170
52$1,413,169$1,145,782$1,074,966$1,388,858
53$1,520,363$1,164,976$1,074,028$1,460,985
54$1,637,326$1,183,946$1,071,894$1,539,090
55$1,765,019$1,202,645$1,068,489$1,623,769
56$1,904,499$1,221,022$1,063,730$1,715,679
57$2,056,928$1,239,022$1,057,535$1,815,544
58$2,223,587$1,256,587$1,049,815$1,924,164
59$2,405,886$1,273,653$1,040,477$2,042,420
60$2,605,378$1,290,153$1,029,425$2,171,283
61$2,823,771$1,306,016$1,016,556$2,311,828
62$3,062,950$1,321,164$1,001,764$2,465,235
63$3,324,985$1,335,516$984,938$2,632,810
64$3,612,161$1,348,984$965,961$2,815,992
65$3,926,993$1,361,475$944,711$3,016,367
66$4,272,248$1,372,889$921,061$3,235,686
67$4,650,977$1,383,121$894,877$3,475,879
68$5,066,540$1,392,057$866,018$3,739,074
69$5,522,637$1,399,578$834,340$4,027,618
70$6,023,344$1,405,555$799,688$4,344,101
71$6,573,151$1,409,854$761,904$4,691,376
72$7,177,005$1,412,329$720,820$5,072,593
73$7,840,353$1,412,827$676,261$5,491,222
74$8,569,199$1,411,185$628,046$5,951,090
75$9,370,155$1,407,230$575,983$6,456,420
76$10,250,505$1,400,779$519,873$7,011,864
77$11,218,276$1,391,637$459,508$7,622,555
78$12,282,309$1,379,596$394,671$8,294,149
79$13,452,347$1,364,439$325,134$9,032,887
80$14,739,122$1,345,931$250,661$9,845,645
81$16,154,458$1,323,828$171,004$10,740,007
82$17,711,385$1,297,868$85,905$11,724,334
83$19,424,258$1,267,775$0$12,807,845
84$21,308,892$1,233,256$0$14,002,167
85$23,382,715$1,194,001$0$15,344,522
86$25,664,928$1,149,683$0$16,821,657
87$28,176,688$1,099,955$0$18,447,280
88$30,941,306$1,044,449$0$20,236,497
89$33,984,469$982,776$0$22,205,955
90$37,334,480$914,527$0$24,373,999
91$41,022,525$839,267$0$26,760,847
92$45,082,968$756,537$0$29,388,777
93$49,553,676$665,852$0$32,282,342
94$54,476,371$566,699$0$35,468,599
95$59,897,030$458,537$0$38,977,367
96$65,866,314$340,793$0$42,841,506
97$72,440,049$212,862$0$47,097,228
98$79,679,749$74,107$0$51,784,442
99$87,653,199$0$0$56,947,126
100$96,435,093$0$0$62,644,641