Can I retire at age 49 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$71,018$70,385$69,768$69,166$68,578$67,665
2 years$35,157$34,503$33,868$33,253$32,656$31,738
3 years$23,205$22,548$21,915$21,305$20,718$19,823
4 years$17,231$16,575$15,948$15,349$14,776$13,911
5 years$13,647$12,995$12,377$11,790$11,233$10,400
6 years$11,258$10,611$10,002$9,428$8,888$8,089
7 years$9,553$8,911$8,312$7,752$7,228$6,463
8 years$8,274$7,639$7,049$6,503$5,997$5,265
9 years$7,280$6,651$6,071$5,539$5,050$4,352
10 years$6,486$5,862$5,293$4,774$4,303$3,638
11 years$5,836$5,219$4,660$4,155$3,701$3,068
12 years$5,295$4,684$4,136$3,645$3,207$2,606
13 years$4,838$4,233$3,695$3,218$2,796$2,226
14 years$4,446$3,848$3,320$2,856$2,451$1,911
15 years$4,107$3,515$2,997$2,547$2,158$1,647
16 years$3,810$3,225$2,718$2,281$1,908$1,424
17 years$3,549$2,970$2,473$2,049$1,691$1,235
18 years$3,317$2,745$2,257$1,847$1,504$1,074
19 years$3,109$2,544$2,067$1,669$1,340$936
20 years$2,923$2,364$1,897$1,511$1,197$817
21 years$2,754$2,202$1,745$1,372$1,071$714
22 years$2,601$2,055$1,608$1,247$960$625
23 years$2,462$1,922$1,485$1,136$862$547
24 years$2,334$1,801$1,373$1,036$775$480
25 years$2,217$1,690$1,272$946$697$422
26 years$2,109$1,588$1,179$865$628$370
27 years$2,009$1,495$1,095$792$566$326
28 years$1,917$1,409$1,018$725$511$286
29 years$1,831$1,329$947$665$461$252
30 years$1,751$1,255$882$611$417$222
31 years$1,676$1,186$823$561$377$195
32 years$1,606$1,123$768$515$341$172
33 years$1,540$1,063$717$474$309$152
34 years$1,479$1,008$670$436$279$134
35 years$1,421$956$626$401$253$118
36 years$1,366$907$586$370$229$104
37 years$1,314$861$548$341$208$92
38 years$1,266$819$513$314$188$81
39 years$1,219$779$481$289$171$72
40 years$1,176$741$451$267$155$63
41 years$1,134$705$423$246$141$56
42 years$1,095$671$397$227$128$49
43 years$1,057$640$372$210$116$43
44 years$1,022$610$349$194$105$38
45 years$988$582$328$179$95$34
46 years$955$555$308$165$87$30
47 years$925$529$289$153$79$26
48 years$895$505$272$141$71$23
49 years$867$483$256$130$65$21
50 years$840$461$240$121$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $860,000, adding $6,263 every year, while hoping to spend $47,182 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: 82/9/9 Blend
48$860,000$860,000$860,000$860,000
49$954,180$908,600$895,270$1,030,702
50$1,001,305$902,920$875,061$1,076,030
51$1,051,656$895,381$852,592$1,118,871
52$1,105,511$885,841$827,741$1,164,473
53$1,163,177$874,151$800,374$1,213,086
54$1,224,989$860,152$770,354$1,264,986
55$1,291,316$843,678$737,539$1,320,477
56$1,362,561$824,549$701,778$1,379,893
57$1,439,169$802,579$662,914$1,443,603
58$1,521,626$777,567$620,784$1,512,014
59$1,610,468$749,303$575,215$1,585,572
60$1,706,280$717,563$526,029$1,664,770
61$1,809,709$682,112$473,040$1,750,154
62$1,921,463$642,700$416,051$1,842,320
63$2,042,322$599,062$354,858$1,941,930
64$2,173,142$550,919$289,249$2,049,712
65$2,314,865$497,976$219,001$2,166,468
66$2,468,525$439,921$143,881$2,293,083
67$2,635,261$376,424$63,648$2,430,531
68$2,816,325$307,136$0$2,579,888
69$3,013,094$231,689$0$2,744,450
70$3,227,083$149,695$0$2,930,072
71$3,459,958$60,743$0$3,132,103
72$3,713,553$0$0$3,352,161
73$3,989,887$0$0$3,595,550
74$4,291,179$0$0$3,867,498
75$4,619,875$0$0$4,164,200
76$4,978,664$0$0$4,488,085
77$5,370,507$0$0$4,841,829
78$5,798,665$0$0$5,228,378
79$6,266,727$0$0$5,650,974
80$6,778,644$0$0$6,113,188
81$7,338,767$0$0$6,618,951
82$7,951,886$0$0$7,172,592
83$8,623,278$0$0$7,778,877
84$9,358,750$0$0$8,443,056
85$10,164,702$0$0$9,170,908
86$11,048,179$0$0$9,968,802
87$12,016,940$0$0$10,843,748
88$13,079,534$0$0$11,803,470
89$14,245,373$0$0$12,856,474
90$15,524,827$0$0$14,012,129
91$16,929,318$0$0$15,280,757
92$18,471,428$0$0$16,673,725
93$20,165,015$0$0$18,203,558
94$22,025,347$0$0$19,884,050
95$24,069,243$0$0$21,730,400
96$26,315,232$0$0$23,759,350
97$28,783,727$0$0$25,989,346
98$31,497,214$0$0$28,440,707
99$34,480,470$0$0$31,135,821
100$37,760,789$0$0$34,099,352