Can I retire at age 49 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$86,708$85,936$85,182$84,447$83,728$80,406
2 years$42,925$42,125$41,351$40,599$39,871$36,565
3 years$28,332$27,529$26,757$26,012$25,296$22,110
4 years$21,037$20,237$19,472$18,740$18,041$15,000
5 years$16,662$15,866$15,111$14,394$13,715$10,826
6 years$13,745$12,956$12,212$11,511$10,852$8,118
7 years$11,663$10,880$10,148$9,464$8,825$6,245
8 years$10,102$9,326$8,606$7,939$7,322$4,891
9 years$8,889$8,120$7,413$6,762$6,166$3,883
10 years$7,919$7,158$6,463$5,829$5,254$3,113
11 years$7,125$6,372$5,690$5,073$4,518$2,515
12 years$6,465$5,719$5,049$4,450$3,915$2,044
13 years$5,906$5,168$4,511$3,929$3,414$1,670
14 years$5,428$4,698$4,053$3,487$2,993$1,369
15 years$5,014$4,292$3,660$3,110$2,635$1,126
16 years$4,652$3,938$3,318$2,785$2,329$928
17 years$4,333$3,626$3,019$2,502$2,065$767
18 years$4,049$3,351$2,756$2,255$1,836$634
19 years$3,796$3,106$2,523$2,037$1,637$526
20 years$3,569$2,886$2,316$1,845$1,462$436
21 years$3,363$2,688$2,130$1,675$1,308$362
22 years$3,176$2,509$1,963$1,523$1,173$301
23 years$3,006$2,347$1,813$1,387$1,053$250
24 years$2,850$2,199$1,676$1,265$946$208
25 years$2,707$2,063$1,553$1,155$851$173
26 years$2,575$1,939$1,440$1,056$767$144
27 years$2,453$1,825$1,337$967$691$120
28 years$2,340$1,720$1,243$886$624$100
29 years$2,235$1,622$1,157$812$563$83
30 years$2,137$1,532$1,077$745$509$69
31 years$2,046$1,448$1,004$685$460$58
32 years$1,961$1,371$937$629$416$48
33 years$1,880$1,298$875$579$377$40
34 years$1,805$1,230$818$532$341$34
35 years$1,734$1,167$764$490$309$28
36 years$1,668$1,107$715$451$280$23
37 years$1,605$1,052$669$416$254$19
38 years$1,545$1,000$627$383$230$16
39 years$1,489$951$587$353$209$14
40 years$1,436$904$550$326$189$11
41 years$1,385$861$516$301$172$9
42 years$1,337$820$484$278$156$8
43 years$1,291$781$454$256$141$7
44 years$1,248$745$426$237$128$5
45 years$1,206$710$400$218$116$5
46 years$1,167$677$376$202$106$4
47 years$1,129$646$353$186$96$3
48 years$1,093$617$332$172$87$3
49 years$1,058$589$312$159$79$2
50 years$1,025$563$293$147$72$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,050,000, adding $4,470 every year, while hoping to spend $23,229 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: 60/11/29 Blend
48$1,050,000$1,050,000$1,050,000$1,050,000
49$1,161,711$1,106,061$1,089,786$1,222,025
50$1,255,490$1,135,542$1,101,578$1,293,206
51$1,358,056$1,165,690$1,112,987$1,367,980
52$1,470,280$1,196,512$1,123,975$1,449,094
53$1,593,124$1,228,015$1,134,503$1,537,171
54$1,727,642$1,260,208$1,144,529$1,632,900
55$1,875,001$1,293,097$1,154,009$1,737,037
56$2,036,480$1,326,688$1,162,898$1,850,417
57$2,213,493$1,360,988$1,171,147$1,973,960
58$2,407,594$1,396,001$1,178,705$2,108,678
59$2,620,495$1,431,732$1,185,518$2,255,690
60$2,854,083$1,468,184$1,191,531$2,416,225
61$3,110,436$1,505,361$1,196,683$2,591,640
62$3,391,841$1,543,265$1,200,913$2,783,430
63$3,700,820$1,581,896$1,204,155$2,993,243
64$4,040,150$1,621,255$1,206,340$3,222,893
65$4,412,890$1,661,341$1,207,397$3,474,383
66$4,822,409$1,702,151$1,207,249$3,749,916
67$5,272,421$1,743,682$1,205,818$4,051,925
68$5,767,014$1,785,930$1,203,020$4,383,087
69$6,310,696$1,828,887$1,198,767$4,746,355
70$6,908,430$1,872,545$1,192,968$5,144,984
71$7,565,685$1,916,895$1,185,528$5,582,559
72$8,288,486$1,961,924$1,176,345$6,063,033
73$9,083,474$2,007,620$1,165,314$6,590,763
74$9,957,961$2,053,966$1,152,325$7,170,550
75$10,920,007$2,100,945$1,137,262$7,807,686
76$11,978,491$2,148,534$1,120,004$8,508,003
77$13,143,197$2,196,712$1,100,423$9,277,931
78$14,424,904$2,245,452$1,078,389$10,124,553
79$15,835,490$2,294,725$1,053,760$11,055,678
80$17,388,041$2,344,499$1,026,393$12,079,912
81$19,096,980$2,394,737$996,135$13,206,741
82$20,978,193$2,445,401$962,828$14,446,618
83$23,049,190$2,496,447$926,304$15,811,065
84$25,329,263$2,547,828$886,390$17,312,780
85$27,839,667$2,599,491$842,904$18,965,758
86$30,603,828$2,651,381$795,656$20,785,424
87$33,647,556$2,703,436$744,448$22,788,777
88$36,999,291$2,755,589$689,071$24,994,552
89$40,690,373$2,807,767$629,309$27,423,398
90$44,755,336$2,859,892$564,936$30,098,072
91$49,232,233$2,911,880$495,715$33,043,654
92$54,162,998$2,963,639$421,397$36,287,785
93$59,593,836$3,015,069$341,726$39,860,930
94$65,575,665$3,066,066$256,432$43,796,661
95$72,164,593$3,116,513$165,233$48,131,981
96$79,422,449$3,166,290$67,836$52,907,667
97$87,417,364$3,215,263$0$58,168,662
98$96,224,415$3,263,291$0$63,975,667
99$105,926,336$3,310,223$0$70,395,221
100$116,614,294$3,355,896$0$77,466,575