Can I retire at age 49 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$76,799$76,114$75,447$74,796$74,160$71,988
2 years$38,019$37,311$36,625$35,959$35,314$33,143
3 years$25,094$24,383$23,699$23,040$22,405$20,303
4 years$18,633$17,924$17,247$16,599$15,979$13,963
5 years$14,757$14,053$13,384$12,749$12,147$10,222
6 years$12,175$11,475$10,816$10,196$9,612$7,780
7 years$10,330$9,637$8,988$8,383$7,817$6,077
8 years$8,948$8,261$7,623$7,032$6,485$4,837
9 years$7,873$7,192$6,566$5,990$5,461$3,903
10 years$7,014$6,340$5,724$5,163$4,653$3,183
11 years$6,311$5,644$5,039$4,493$4,002$2,617
12 years$5,726$5,066$4,472$3,941$3,468$2,166
13 years$5,231$4,578$3,996$3,480$3,024$1,802
14 years$4,808$4,161$3,590$3,089$2,651$1,505
15 years$4,441$3,801$3,241$2,755$2,334$1,262
16 years$4,120$3,488$2,939$2,467$2,063$1,061
17 years$3,838$3,212$2,674$2,216$1,829$894
18 years$3,587$2,968$2,441$1,997$1,626$755
19 years$3,362$2,751$2,235$1,805$1,450$638
20 years$3,161$2,556$2,051$1,634$1,295$540
21 years$2,979$2,381$1,887$1,483$1,159$458
22 years$2,813$2,222$1,739$1,349$1,039$389
23 years$2,662$2,079$1,605$1,228$932$330
24 years$2,524$1,948$1,485$1,120$838$281
25 years$2,398$1,828$1,375$1,023$754$239
26 years$2,281$1,718$1,275$935$679$203
27 years$2,173$1,617$1,184$856$612$173
28 years$2,073$1,523$1,101$785$553$147
29 years$1,980$1,437$1,025$719$499$125
30 years$1,893$1,357$954$660$451$107
31 years$1,812$1,283$890$606$408$91
32 years$1,736$1,214$830$557$369$78
33 years$1,665$1,150$775$512$334$66
34 years$1,599$1,090$724$472$302$56
35 years$1,536$1,033$677$434$274$48
36 years$1,477$981$633$400$248$41
37 years$1,421$932$593$368$225$35
38 years$1,369$885$555$339$204$30
39 years$1,319$842$520$313$185$25
40 years$1,271$801$488$289$168$22
41 years$1,227$762$457$266$152$19
42 years$1,184$726$429$246$138$16
43 years$1,144$692$402$227$125$13
44 years$1,105$659$378$210$114$11
45 years$1,068$629$355$194$103$10
46 years$1,033$600$333$179$94$8
47 years$1,000$573$313$165$85$7
48 years$968$547$294$153$77$6
49 years$937$522$276$141$70$5
50 years$908$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $930,000, adding $2,827 every year, while hoping to spend $29,927 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: 43/45/12 Blend
48$930,000$930,000$930,000$930,000
49$1,027,776$978,486$964,071$1,068,276
50$1,100,767$994,590$964,525$1,112,953
51$1,180,200$1,010,480$963,992$1,158,098
52$1,266,701$1,026,113$962,406$1,206,342
53$1,360,957$1,041,446$959,699$1,257,984
54$1,463,727$1,056,429$955,802$1,313,348
55$1,575,844$1,071,011$950,638$1,372,798
56$1,698,226$1,085,136$944,129$1,436,733
57$1,831,882$1,098,745$936,195$1,505,592
58$1,977,925$1,111,774$926,749$1,579,862
59$2,137,579$1,124,157$915,700$1,660,080
60$2,312,192$1,135,820$902,956$1,746,840
61$2,503,247$1,146,687$888,417$1,840,796
62$2,712,379$1,156,676$871,980$1,942,670
63$2,941,388$1,165,698$853,537$2,053,262
64$3,192,254$1,173,662$832,975$2,173,452
65$3,467,160$1,180,468$810,176$2,304,212
66$3,768,509$1,186,010$785,016$2,446,617
67$4,098,949$1,190,176$757,365$2,601,852
68$4,461,394$1,192,847$727,089$2,771,225
69$4,859,055$1,193,896$694,046$2,956,180
70$5,295,470$1,193,188$658,088$3,158,312
71$5,774,534$1,190,580$619,060$3,379,381
72$6,300,539$1,185,921$576,801$3,621,328
73$6,878,212$1,179,049$531,141$3,886,296
74$7,512,761$1,169,793$481,906$4,176,651
75$8,209,922$1,157,972$428,909$4,495,003
76$8,976,015$1,143,395$371,959$4,844,232
77$9,818,004$1,125,856$310,855$5,227,516
78$10,743,558$1,105,141$245,386$5,648,363
79$11,761,128$1,081,020$175,334$6,110,642
80$12,880,025$1,053,252$100,469$6,618,623
81$14,110,507$1,021,580$20,554$7,177,014
82$15,463,874$985,733$0$7,791,014
83$16,952,578$945,423$0$8,474,643
84$18,590,339$900,347$0$9,229,283
85$20,392,272$850,182$0$10,059,311
86$22,375,033$794,590$0$10,972,459
87$24,556,972$733,211$0$11,977,253
88$26,958,309$665,664$0$13,083,094
89$29,601,323$591,548$0$14,300,350
90$32,510,562$510,438$0$15,640,452
91$35,713,076$421,885$0$17,116,006
92$39,238,668$325,417$0$18,740,912
93$43,120,181$220,531$0$20,530,495
94$47,393,802$106,700$0$22,501,653
95$52,099,407$0$0$24,673,018
96$57,280,933$0$0$27,073,370
97$62,986,798$0$0$29,774,953
98$69,270,352$0$0$32,750,211
99$76,190,384$0$0$36,026,999
100$83,811,675$0$0$39,636,012