Can I retire at age 49 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$72,670$72,022$71,391$70,774$70,172$69,267
2 years$35,975$35,305$34,656$34,026$33,415$32,504
3 years$23,745$23,072$22,425$21,801$21,200$20,312
4 years$17,631$16,961$16,319$15,706$15,120$14,262
5 years$13,964$13,297$12,664$12,064$11,494$10,668
6 years$11,520$10,858$10,235$9,648$9,095$8,302
7 years$9,775$9,119$8,505$7,932$7,397$6,637
8 years$8,467$7,816$7,213$6,654$6,136$5,410
9 years$7,450$6,806$6,213$5,668$5,168$4,474
10 years$6,637$5,999$5,416$4,886$4,403$3,742
11 years$5,972$5,340$4,768$4,252$3,787$3,158
12 years$5,418$4,793$4,232$3,729$3,281$2,684
13 years$4,950$4,332$3,781$3,293$2,862$2,294
14 years$4,549$3,937$3,397$2,923$2,508$1,971
15 years$4,202$3,597$3,067$2,607$2,209$1,700
16 years$3,899$3,300$2,781$2,334$1,952$1,471
17 years$3,631$3,039$2,530$2,097$1,731$1,277
18 years$3,394$2,808$2,310$1,890$1,539$1,111
19 years$3,182$2,603$2,115$1,708$1,372$968
20 years$2,991$2,419$1,941$1,547$1,225$846
21 years$2,818$2,253$1,785$1,404$1,096$740
22 years$2,662$2,103$1,645$1,276$983$648
23 years$2,519$1,967$1,519$1,162$882$568
24 years$2,389$1,843$1,405$1,060$793$499
25 years$2,269$1,729$1,301$968$714$438
26 years$2,158$1,625$1,207$885$643$385
27 years$2,056$1,530$1,121$810$579$339
28 years$1,961$1,441$1,042$742$523$298
29 years$1,873$1,360$969$681$472$263
30 years$1,791$1,284$903$625$427$232
31 years$1,715$1,214$842$574$386$204
32 years$1,643$1,149$785$527$349$180
33 years$1,576$1,088$733$485$316$159
34 years$1,513$1,031$685$446$286$140
35 years$1,454$978$641$411$259$124
36 years$1,398$928$599$378$235$109
37 years$1,345$882$561$349$213$96
38 years$1,295$838$525$321$193$85
39 years$1,248$797$492$296$175$75
40 years$1,203$758$461$273$159$66
41 years$1,161$721$433$252$144$59
42 years$1,120$687$406$233$131$52
43 years$1,082$655$381$215$118$46
44 years$1,046$624$357$198$108$40
45 years$1,011$595$336$183$98$36
46 years$978$568$315$169$89$32
47 years$946$542$296$156$80$28
48 years$916$517$278$144$73$25
49 years$887$494$262$133$66$22
50 years$859$472$246$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $880,000, adding $4,729 every year, while hoping to spend $56,144 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: 70/24/6 Blend
48$880,000$880,000$880,000$880,000
49$974,638$927,998$914,358$1,041,752
50$1,014,314$913,733$885,252$1,072,466
51$1,056,156$896,888$853,290$1,098,680
52$1,100,324$877,276$818,315$1,125,810
53$1,146,996$854,700$780,167$1,153,934
54$1,196,362$828,954$738,676$1,183,137
55$1,248,634$799,816$693,665$1,213,514
56$1,304,041$767,052$644,948$1,245,172
57$1,362,832$730,417$592,333$1,278,230
58$1,425,282$689,648$535,617$1,312,823
59$1,491,690$644,471$474,590$1,349,097
60$1,562,385$594,592$409,031$1,387,220
61$1,637,724$539,703$338,709$1,427,375
62$1,718,101$479,477$263,385$1,469,770
63$1,803,946$413,571$182,808$1,514,635
64$1,895,732$341,619$96,715$1,562,225
65$1,993,975$263,236$4,833$1,612,826
66$2,099,242$178,017$0$1,666,755
67$2,212,155$85,531$0$1,730,334
68$2,333,398$0$0$1,798,707
69$2,463,719$0$0$1,875,896
70$2,603,941$0$0$1,983,288
71$2,754,967$0$0$2,098,989
72$2,917,788$0$0$2,223,764
73$3,093,493$0$0$2,358,453
74$3,283,281$0$0$2,503,977
75$3,488,466$0$0$2,661,351
76$3,710,494$0$0$2,831,689
77$3,950,954$0$0$3,016,217
78$4,211,594$0$0$3,216,281
79$4,494,335$0$0$3,433,362
80$4,801,290$0$0$3,669,089
81$5,134,783$0$0$3,925,255
82$5,497,371$0$0$4,203,831
83$5,891,866$0$0$4,506,984
84$6,321,363$0$0$4,837,101
85$6,789,268$0$0$5,196,808
86$7,299,327$0$0$5,588,994
87$7,855,666$0$0$6,016,840
88$8,462,822$0$0$6,483,845
89$9,125,795$0$0$6,993,864
90$9,850,082$0$0$7,551,138
91$10,641,741$0$0$8,160,336
92$11,507,438$0$0$8,826,601
93$12,454,514$0$0$9,555,593
94$13,491,051$0$0$10,353,545
95$14,625,950$0$0$11,227,322
96$15,869,010$0$0$12,184,482
97$17,231,026$0$0$13,233,349
98$18,723,884$0$0$14,383,092
99$20,360,675$0$0$15,643,807
100$22,155,818$0$0$17,026,614