Can I retire at age 49 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$77,624$76,933$76,258$75,600$74,957$72,442
2 years$38,428$37,712$37,019$36,346$35,694$33,184
3 years$25,364$24,645$23,953$23,287$22,646$20,221
4 years$18,834$18,117$17,432$16,777$16,151$13,830
5 years$14,916$14,204$13,528$12,886$12,278$10,066
6 years$12,305$11,599$10,933$10,305$9,715$7,614
7 years$10,441$9,740$9,085$8,473$7,901$5,911
8 years$9,044$8,349$7,705$7,108$6,555$4,674
9 years$7,958$7,270$6,636$6,054$5,520$3,747
10 years$7,089$6,408$5,786$5,219$4,703$3,035
11 years$6,379$5,704$5,094$4,542$4,045$2,478
12 years$5,788$5,120$4,520$3,984$3,505$2,035
13 years$5,288$4,627$4,039$3,517$3,057$1,681
14 years$4,859$4,206$3,629$3,122$2,679$1,393
15 years$4,489$3,842$3,276$2,784$2,359$1,159
16 years$4,165$3,525$2,970$2,493$2,085$967
17 years$3,879$3,246$2,703$2,240$1,849$808
18 years$3,625$3,000$2,467$2,019$1,644$677
19 years$3,399$2,780$2,259$1,824$1,465$567
20 years$3,195$2,584$2,073$1,652$1,309$477
21 years$3,011$2,406$1,907$1,499$1,171$401
22 years$2,843$2,246$1,757$1,363$1,050$337
23 years$2,691$2,101$1,623$1,242$942$284
24 years$2,552$1,968$1,501$1,132$847$239
25 years$2,423$1,847$1,390$1,034$762$202
26 years$2,305$1,736$1,289$946$687$170
27 years$2,196$1,634$1,197$865$619$143
28 years$2,095$1,540$1,113$793$559$121
29 years$2,001$1,452$1,036$727$504$102
30 years$1,913$1,372$965$667$456$86
31 years$1,832$1,297$899$613$412$73
32 years$1,755$1,227$839$563$373$62
33 years$1,683$1,162$783$518$337$52
34 years$1,616$1,101$732$477$305$44
35 years$1,553$1,045$684$439$277$37
36 years$1,493$991$640$404$251$31
37 years$1,437$942$599$372$227$26
38 years$1,383$895$561$343$206$22
39 years$1,333$851$526$316$187$19
40 years$1,285$810$493$292$169$16
41 years$1,240$771$462$269$154$14
42 years$1,197$734$433$248$139$11
43 years$1,156$699$407$229$127$10
44 years$1,117$667$382$212$115$8
45 years$1,080$636$358$196$104$7
46 years$1,044$606$337$181$95$6
47 years$1,011$579$316$167$86$5
48 years$978$552$297$154$78$4
49 years$947$528$279$143$71$4
50 years$918$504$263$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $940,000, adding $4,314 every year, while hoping to spend $58,065 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: 65/20/15 Blend
48$940,000$940,000$940,000$940,000
49$1,040,330$990,510$975,940$1,103,931
50$1,084,663$977,264$946,853$1,133,772
51$1,131,572$961,423$914,846$1,159,245
52$1,181,258$942,799$879,759$1,185,651
53$1,233,941$921,191$841,426$1,213,081
54$1,289,863$896,389$799,673$1,241,634
55$1,349,285$868,168$754,319$1,271,425
56$1,412,495$836,292$705,172$1,302,581
57$1,479,809$800,510$652,035$1,335,243
58$1,551,572$760,556$594,699$1,369,572
59$1,628,159$716,151$532,949$1,405,745
60$1,709,986$666,997$466,558$1,443,962
61$1,797,506$612,781$395,289$1,484,445
62$1,891,216$553,171$318,895$1,527,441
63$1,991,660$487,817$237,118$1,573,230
64$2,099,437$416,348$149,689$1,622,119
65$2,215,203$338,372$56,327$1,674,453
66$2,339,678$253,477$0$1,730,617
67$2,473,653$161,226$0$1,797,968
68$2,617,997$61,157$0$1,880,123
69$2,773,663$0$0$1,968,638
70$2,941,698$0$0$2,074,548
71$3,123,255$0$0$2,203,570
72$3,319,597$0$0$2,343,151
73$3,532,116$0$0$2,494,286
74$3,762,341$0$0$2,658,069
75$4,011,952$0$0$2,835,703
76$4,282,797$0$0$3,028,511
77$4,576,911$0$0$3,237,948
78$4,896,527$0$0$3,465,614
79$5,244,107$0$0$3,713,269
80$5,622,356$0$0$3,982,852
81$6,034,252$0$0$4,276,493
82$6,483,071$0$0$4,596,539
83$6,972,420$0$0$4,945,570
84$7,506,267$0$0$5,326,428
85$8,088,980$0$0$5,742,240
86$8,725,368$0$0$6,196,450
87$9,420,723$0$0$6,692,847
88$10,180,874$0$0$7,235,603
89$11,012,236$0$0$7,829,314
90$11,921,874$0$0$8,479,037
91$12,917,566$0$0$9,190,342
92$14,007,878$0$0$9,969,364
93$15,202,242$0$0$10,822,856
94$16,511,047$0$0$11,758,258
95$17,945,733$0$0$12,783,762
96$19,518,899$0$0$13,908,392
97$21,244,423$0$0$15,142,085
98$23,137,590$0$0$16,495,789
99$25,215,237$0$0$17,981,561
100$27,495,908$0$0$19,612,682