Can I retire at age 49 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$78,450$77,751$77,070$76,404$75,754$75,435
2 years$38,837$38,113$37,412$36,733$36,073$35,751
3 years$25,634$24,908$24,208$23,535$22,887$22,571
4 years$19,034$18,310$17,617$16,956$16,323$16,017
5 years$15,075$14,355$13,672$13,024$12,408$12,113
6 years$12,436$11,722$11,049$10,415$9,818$9,533
7 years$10,552$9,844$9,182$8,563$7,985$7,711
8 years$9,140$8,438$7,787$7,183$6,624$6,361
9 years$8,042$7,347$6,707$6,118$5,579$5,326
10 years$7,165$6,476$5,847$5,274$4,753$4,511
11 years$6,447$5,765$5,148$4,590$4,088$3,856
12 years$5,849$5,175$4,568$4,026$3,543$3,321
13 years$5,344$4,676$4,082$3,554$3,089$2,878
14 years$4,911$4,251$3,667$3,155$2,708$2,507
15 years$4,536$3,883$3,311$2,814$2,384$2,193
16 years$4,209$3,563$3,002$2,520$2,107$1,925
17 years$3,920$3,281$2,732$2,264$1,868$1,695
18 years$3,664$3,032$2,494$2,040$1,661$1,497
19 years$3,435$2,810$2,283$1,843$1,481$1,325
20 years$3,229$2,611$2,095$1,670$1,323$1,175
21 years$3,043$2,432$1,927$1,515$1,184$1,044
22 years$2,874$2,270$1,776$1,378$1,061$929
23 years$2,720$2,123$1,640$1,255$952$828
24 years$2,579$1,989$1,517$1,144$856$738
25 years$2,449$1,867$1,405$1,045$770$659
26 years$2,330$1,755$1,303$956$694$589
27 years$2,220$1,651$1,210$875$626$527
28 years$2,117$1,556$1,125$801$564$472
29 years$2,022$1,468$1,047$735$510$423
30 years$1,934$1,386$975$674$461$379
31 years$1,851$1,311$909$619$416$340
32 years$1,774$1,240$848$569$377$305
33 years$1,701$1,174$792$523$341$274
34 years$1,633$1,113$740$482$309$246
35 years$1,569$1,056$692$443$280$221
36 years$1,509$1,002$647$408$253$198
37 years$1,452$952$606$376$230$178
38 years$1,398$904$567$347$208$160
39 years$1,347$860$531$320$189$144
40 years$1,299$818$498$295$171$130
41 years$1,253$779$467$272$155$117
42 years$1,209$742$438$251$141$105
43 years$1,168$707$411$232$128$94
44 years$1,129$674$386$214$116$85
45 years$1,091$642$362$198$105$76
46 years$1,055$613$340$183$96$69
47 years$1,021$585$320$169$87$62
48 years$989$558$300$156$79$56
49 years$957$533$282$144$72$50
50 years$928$509$265$133$65$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $950,000, adding $4,727 every year, while hoping to spend $48,264 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: 69/5/26 Blend
48$950,000$950,000$950,000$950,000
49$1,051,776$1,001,426$986,701$1,117,013
50$1,107,705$999,143$968,403$1,159,088
51$1,167,720$995,131$947,874$1,199,128
52$1,232,189$989,254$924,989$1,241,827
53$1,301,513$981,368$899,617$1,287,448
54$1,376,132$971,319$871,619$1,336,282
55$1,456,531$958,948$840,852$1,388,648
56$1,543,241$944,081$807,165$1,444,904
57$1,636,848$926,537$770,401$1,505,441
58$1,737,993$906,124$730,396$1,570,693
59$1,847,382$882,637$686,977$1,641,140
60$1,965,790$855,861$639,966$1,717,312
61$2,094,069$825,567$589,174$1,799,796
62$2,233,158$791,514$534,405$1,889,239
63$2,384,087$753,445$475,454$1,986,356
64$2,547,990$711,090$412,108$2,091,939
65$2,726,114$664,162$344,142$2,206,860
66$2,919,830$612,359$271,324$2,332,084
67$3,130,649$555,360$193,410$2,468,677
68$3,360,231$492,829$110,144$2,617,816
69$3,610,403$424,406$21,263$2,780,800
70$3,883,176$349,714$0$2,959,065
71$4,180,765$268,355$0$3,174,610
72$4,505,605$179,906$0$3,416,392
73$4,860,379$83,923$0$3,680,521
74$5,248,038$0$0$3,969,218
75$5,671,833$0$0$4,286,030
76$6,135,343$0$0$4,637,632
77$6,642,508$0$0$5,022,402
78$7,197,667$0$0$5,443,638
79$7,805,597$0$0$5,904,972
80$8,471,559$0$0$6,410,404
81$9,201,349$0$0$6,964,338
82$10,001,345$0$0$7,571,626
83$10,878,578$0$0$8,237,610
84$11,840,787$0$0$8,968,176
85$12,896,498$0$0$9,769,805
86$14,055,101$0$0$10,649,636
87$15,326,942$0$0$11,615,535
88$16,723,415$0$0$12,676,163
89$18,257,071$0$0$13,841,065
90$19,941,738$0$0$15,120,753
91$21,792,648$0$0$16,526,808
92$23,826,582$0$0$18,071,988
93$26,062,026$0$0$19,770,349
94$28,519,347$0$0$21,637,376
95$31,220,983$0$0$23,690,129
96$34,191,655$0$0$25,947,404
97$37,458,599$0$0$28,429,908
98$41,051,822$0$0$31,160,458
99$45,004,385$0$0$34,164,190
100$49,352,717$0$0$37,468,803