Can I retire at age 49 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$75,973$75,296$74,636$73,991$73,362$70,787
2 years$37,610$36,910$36,231$35,573$34,934$32,367
3 years$24,824$24,121$23,444$22,792$22,164$19,685
4 years$18,433$17,731$17,061$16,420$15,807$13,436
5 years$14,599$13,902$13,240$12,612$12,017$9,759
6 years$12,044$11,352$10,700$10,086$9,508$7,366
7 years$10,219$9,533$8,892$8,292$7,733$5,705
8 years$8,852$8,172$7,541$6,956$6,415$4,501
9 years$7,788$7,115$6,495$5,925$5,402$3,599
10 years$6,938$6,271$5,662$5,108$4,603$2,908
11 years$6,243$5,583$4,985$4,445$3,959$2,368
12 years$5,664$5,011$4,424$3,899$3,431$1,940
13 years$5,175$4,529$3,953$3,442$2,992$1,597
14 years$4,756$4,116$3,552$3,056$2,622$1,321
15 years$4,393$3,760$3,207$2,725$2,309$1,095
16 years$4,076$3,450$2,907$2,440$2,041$911
17 years$3,796$3,177$2,645$2,192$1,809$759
18 years$3,548$2,936$2,415$1,976$1,609$634
19 years$3,326$2,721$2,211$1,785$1,434$530
20 years$3,127$2,529$2,029$1,617$1,281$444
21 years$2,947$2,355$1,866$1,467$1,146$372
22 years$2,783$2,199$1,720$1,334$1,027$312
23 years$2,634$2,056$1,588$1,215$922$262
24 years$2,497$1,927$1,469$1,108$829$220
25 years$2,372$1,808$1,360$1,012$746$185
26 years$2,256$1,699$1,262$925$672$155
27 years$2,150$1,599$1,172$847$606$131
28 years$2,050$1,507$1,089$776$547$110
29 years$1,958$1,422$1,014$712$494$92
30 years$1,873$1,343$944$653$446$78
31 years$1,793$1,269$880$600$403$65
32 years$1,718$1,201$821$551$365$55
33 years$1,648$1,137$767$507$330$46
34 years$1,582$1,078$716$466$299$39
35 years$1,520$1,022$670$429$271$33
36 years$1,461$970$627$395$245$28
37 years$1,406$922$586$364$222$23
38 years$1,354$876$549$336$202$20
39 years$1,305$833$515$310$183$17
40 years$1,258$792$482$286$166$14
41 years$1,213$754$452$264$150$12
42 years$1,171$718$424$243$136$10
43 years$1,131$684$398$224$124$8
44 years$1,093$652$374$207$112$7
45 years$1,057$622$351$191$102$6
46 years$1,022$593$330$177$93$5
47 years$989$566$310$163$84$4
48 years$957$541$291$151$76$4
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $920,000, adding $5,501 every year, while hoping to spend $45,854 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: 59/12/29 Blend
48$920,000$920,000$920,000$920,000
49$1,019,514$970,754$956,494$1,071,312
50$1,074,716$969,533$939,749$1,106,158
51$1,134,012$966,715$920,905$1,138,825
52$1,197,771$962,174$899,845$1,173,516
53$1,266,398$955,775$876,444$1,210,441
54$1,340,339$947,375$850,573$1,249,832
55$1,420,081$936,825$822,095$1,291,947
56$1,506,163$923,962$790,868$1,337,074
57$1,599,174$908,619$756,745$1,385,529
58$1,699,762$890,614$719,568$1,437,665
59$1,808,641$869,757$679,177$1,493,874
60$1,926,594$845,846$635,401$1,554,588
61$2,054,482$818,669$588,063$1,620,288
62$2,193,254$787,998$536,977$1,691,507
63$2,343,950$753,594$481,950$1,768,832
64$2,507,717$715,204$422,780$1,852,918
65$2,685,816$672,561$359,255$1,944,487
66$2,879,634$625,382$291,155$2,044,339
67$3,090,697$573,366$218,249$2,153,361
68$3,320,685$516,198$140,297$2,272,532
69$3,571,446$453,542$57,048$2,402,937
70$3,845,014$385,046$0$2,545,776
71$4,143,629$310,336$0$2,712,214
72$4,469,754$229,018$0$2,913,358
73$4,826,104$140,675$0$3,133,248
74$5,215,665$44,866$0$3,373,770
75$5,641,726$0$0$3,637,003
76$6,107,908$0$0$3,933,013
77$6,618,199$0$0$4,263,590
78$7,176,988$0$0$4,625,662
79$7,789,113$0$0$5,022,372
80$8,459,895$0$0$5,457,180
81$9,195,202$0$0$5,933,898
82$10,001,489$0$0$6,456,724
83$10,885,872$0$0$7,030,282
84$11,856,186$0$0$7,659,664
85$12,921,059$0$0$8,350,480
86$14,090,000$0$0$9,108,910
87$15,373,479$0$0$9,941,761
88$16,783,031$0$0$10,856,530
89$18,331,363$0$0$11,861,477
90$20,032,474$0$0$12,965,703
91$21,901,784$0$0$14,179,233
92$23,956,283$0$0$15,513,109
93$26,214,687$0$0$16,979,501
94$28,697,617$0$0$18,591,812
95$31,427,790$0$0$20,364,811
96$34,430,235$0$0$22,314,771
97$37,732,529$0$0$24,459,617
98$41,365,056$0$0$26,819,104
99$45,361,290$0$0$29,414,993
100$49,758,115$0$0$32,271,264