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%19.5%
1 years$78,450$77,751$77,070$76,404$75,754$72,864
2 years$38,837$38,113$37,412$36,733$36,073$33,195
3 years$25,634$24,908$24,208$23,535$22,887$20,111
4 years$19,034$18,310$17,617$16,956$16,323$13,672
5 years$15,075$14,355$13,672$13,024$12,408$9,888
6 years$12,436$11,722$11,049$10,415$9,818$7,431
7 years$10,552$9,844$9,182$8,563$7,985$5,729
8 years$9,140$8,438$7,787$7,183$6,624$4,498
9 years$8,042$7,347$6,707$6,118$5,579$3,579
10 years$7,165$6,476$5,847$5,274$4,753$2,877
11 years$6,447$5,765$5,148$4,590$4,088$2,331
12 years$5,849$5,175$4,568$4,026$3,543$1,899
13 years$5,344$4,676$4,082$3,554$3,089$1,556
14 years$4,911$4,251$3,667$3,155$2,708$1,279
15 years$4,536$3,883$3,311$2,814$2,384$1,055
16 years$4,209$3,563$3,002$2,520$2,107$872
17 years$3,920$3,281$2,732$2,264$1,868$722
18 years$3,664$3,032$2,494$2,040$1,661$600
19 years$3,435$2,810$2,283$1,843$1,481$498
20 years$3,229$2,611$2,095$1,670$1,323$415
21 years$3,043$2,432$1,927$1,515$1,184$345
22 years$2,874$2,270$1,776$1,378$1,061$288
23 years$2,720$2,123$1,640$1,255$952$240
24 years$2,579$1,989$1,517$1,144$856$200
25 years$2,449$1,867$1,405$1,045$770$167
26 years$2,330$1,755$1,303$956$694$140
27 years$2,220$1,651$1,210$875$626$117
28 years$2,117$1,556$1,125$801$564$98
29 years$2,022$1,468$1,047$735$510$82
30 years$1,934$1,386$975$674$461$68
31 years$1,851$1,311$909$619$416$57
32 years$1,774$1,240$848$569$377$48
33 years$1,701$1,174$792$523$341$40
34 years$1,633$1,113$740$482$309$33
35 years$1,569$1,056$692$443$280$28
36 years$1,509$1,002$647$408$253$23
37 years$1,452$952$606$376$230$20
38 years$1,398$904$567$347$208$16
39 years$1,347$860$531$320$189$14
40 years$1,299$818$498$295$171$11
41 years$1,253$779$467$272$155$10
42 years$1,209$742$438$251$141$8
43 years$1,168$707$411$232$128$7
44 years$1,129$674$386$214$116$6
45 years$1,091$642$362$198$105$5
46 years$1,055$613$340$183$96$4
47 years$1,021$585$320$169$87$3
48 years$989$558$300$156$79$3
49 years$957$533$282$144$72$2
50 years$928$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $950,000, adding $3,070 every year, while hoping to spend $42,683 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: 32/41/27 Blend
48$950,000$950,000$950,000$950,000
49$1,050,067$999,717$984,992$1,074,925
50$1,111,759$1,003,288$972,575$1,097,753
51$1,178,314$1,005,605$958,311$1,118,327
52$1,250,181$1,006,559$942,094$1,139,646
53$1,327,857$1,006,037$923,811$1,161,806
54$1,411,886$1,003,921$903,346$1,184,914
55$1,502,866$1,000,081$880,576$1,209,092
56$1,601,455$994,382$855,373$1,234,478
57$1,708,378$986,681$827,602$1,261,228
58$1,824,429$976,825$797,123$1,289,518
59$1,950,484$964,652$763,790$1,319,547
60$2,087,506$949,993$727,449$1,351,537
61$2,236,553$932,664$687,940$1,385,740
62$2,398,791$912,474$645,096$1,422,436
63$2,575,501$889,218$598,740$1,461,943
64$2,768,095$862,683$548,691$1,504,613
65$2,978,125$832,639$494,756$1,550,842
66$3,207,300$798,845$436,737$1,601,075
67$3,457,502$761,045$374,425$1,655,806
68$3,730,800$718,969$307,601$1,715,588
69$4,029,475$672,332$236,039$1,781,040
70$4,356,035$620,830$159,500$1,852,849
71$4,713,245$564,145$77,737$1,931,785
72$5,104,146$501,938$0$2,018,702
73$5,532,089$433,853$0$2,117,295
74$6,000,763$359,513$0$2,249,961
75$6,514,230$278,518$0$2,395,541
76$7,076,965$190,449$0$2,555,431
77$7,693,894$94,860$0$2,731,177
78$8,370,445$0$0$2,924,490
79$9,112,595$0$0$3,141,197
80$9,926,928$0$0$3,426,087
81$10,820,696$0$0$3,738,918
82$11,801,887$0$0$4,082,502
83$12,879,299$0$0$4,459,943
84$14,062,627$0$0$4,874,654
85$15,362,547$0$0$5,330,400
86$16,790,824$0$0$5,831,326
87$18,360,416$0$0$6,381,998
88$20,085,600$0$0$6,987,449
89$21,982,103$0$0$7,653,223
90$24,067,255$0$0$8,385,427
91$26,360,146$0$0$9,190,790
92$28,881,810$0$0$10,076,726
93$31,655,421$0$0$11,051,406
94$34,706,512$0$0$12,123,828
95$38,063,214$0$0$13,303,911
96$41,756,524$0$0$14,602,581
97$45,820,594$0$0$16,031,877
98$50,293,054$0$0$17,605,067
99$55,215,365$0$0$19,336,767
100$60,633,213$0$0$21,243,084