Can I retire at age 49 with 960,000?

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 $960,000?

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$79,276$78,570$77,881$77,208$76,552$73,631
2 years$39,245$38,515$37,806$37,119$36,453$33,545
3 years$25,904$25,170$24,463$23,783$23,127$20,323
4 years$19,234$18,502$17,803$17,134$16,495$13,816
5 years$15,234$14,506$13,816$13,161$12,539$9,992
6 years$12,567$11,845$11,165$10,525$9,922$7,509
7 years$10,664$9,948$9,278$8,653$8,069$5,790
8 years$9,236$8,527$7,869$7,259$6,694$4,546
9 years$8,127$7,424$6,777$6,183$5,637$3,617
10 years$7,240$6,544$5,909$5,330$4,803$2,907
11 years$6,515$5,826$5,202$4,638$4,131$2,355
12 years$5,911$5,229$4,617$4,068$3,580$1,919
13 years$5,400$4,725$4,125$3,592$3,122$1,572
14 years$4,963$4,295$3,706$3,188$2,736$1,292
15 years$4,584$3,924$3,346$2,844$2,409$1,066
16 years$4,253$3,600$3,034$2,546$2,129$881
17 years$3,961$3,316$2,760$2,288$1,888$730
18 years$3,702$3,064$2,520$2,062$1,679$606
19 years$3,471$2,839$2,307$1,863$1,496$504
20 years$3,263$2,639$2,117$1,687$1,337$419
21 years$3,075$2,458$1,947$1,531$1,196$349
22 years$2,904$2,294$1,795$1,392$1,072$291
23 years$2,748$2,146$1,657$1,268$962$243
24 years$2,606$2,010$1,533$1,156$865$202
25 years$2,475$1,887$1,420$1,056$778$169
26 years$2,354$1,773$1,317$966$701$141
27 years$2,243$1,669$1,223$884$632$118
28 years$2,140$1,572$1,136$810$570$99
29 years$2,044$1,483$1,058$743$515$82
30 years$1,954$1,401$985$682$465$69
31 years$1,871$1,324$918$626$421$58
32 years$1,792$1,253$857$575$381$48
33 years$1,719$1,187$800$529$344$40
34 years$1,650$1,125$748$487$312$34
35 years$1,586$1,067$699$448$282$28
36 years$1,525$1,013$654$413$256$24
37 years$1,467$962$612$380$232$20
38 years$1,413$914$573$350$210$17
39 years$1,361$869$537$323$191$14
40 years$1,312$827$503$298$173$12
41 years$1,266$787$472$275$157$10
42 years$1,222$750$443$254$142$8
43 years$1,180$714$415$234$129$7
44 years$1,141$681$390$216$117$6
45 years$1,103$649$366$200$106$5
46 years$1,067$619$344$185$97$4
47 years$1,032$591$323$170$88$3
48 years$999$564$304$158$80$3
49 years$967$539$285$146$72$2
50 years$937$515$268$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $960,000, adding $6,813 every year, while hoping to spend $53,417 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: 66/27/7 Blend
48$960,000$960,000$960,000$960,000
49$1,064,948$1,014,068$999,188$1,133,476
50$1,116,737$1,006,922$975,825$1,172,723
51$1,172,019$997,635$949,890$1,208,572
52$1,231,092$986,047$921,239$1,246,336
53$1,294,286$971,986$889,723$1,286,194
54$1,361,962$955,271$855,187$1,328,346
55$1,434,513$935,711$817,467$1,373,013
56$1,512,374$913,101$776,392$1,420,440
57$1,596,020$887,227$731,786$1,470,901
58$1,685,974$857,861$683,460$1,524,697
59$1,782,808$824,762$631,221$1,582,163
60$1,887,153$787,673$574,866$1,643,670
61$1,999,700$746,327$514,181$1,709,629
62$2,121,208$700,436$448,945$1,780,496
63$2,252,513$649,698$378,926$1,856,776
64$2,394,531$593,796$303,882$1,939,029
65$2,548,272$532,390$223,560$2,027,874
66$2,714,843$465,125$137,697$2,123,997
67$2,895,464$391,623$46,017$2,228,160
68$3,091,475$311,486$0$2,341,202
69$3,304,351$224,294$0$2,467,928
70$3,535,712$129,602$0$2,609,416
71$3,787,343$26,941$0$2,763,391
72$4,061,207$0$0$2,931,140
73$4,359,463$0$0$3,139,097
74$4,684,487$0$0$3,374,498
75$5,038,895$0$0$3,631,238
76$5,425,566$0$0$3,911,411
77$5,847,667$0$0$4,217,320
78$6,308,686$0$0$4,551,501
79$6,812,462$0$0$4,916,744
80$7,363,223$0$0$5,316,123
81$7,965,622$0$0$5,753,022
82$8,624,783$0$0$6,231,167
83$9,346,349$0$0$6,754,659
84$10,136,532$0$0$7,328,016
85$11,002,175$0$0$7,956,215
86$11,950,813$0$0$8,644,732
87$12,990,744$0$0$9,399,604
88$14,131,107$0$0$10,227,475
89$15,381,970$0$0$11,135,666
90$16,754,420$0$0$12,132,240
91$18,260,669$0$0$13,226,077
92$19,914,171$0$0$14,426,961
93$21,729,744$0$0$15,745,668
94$23,723,711$0$0$17,194,068
95$25,914,056$0$0$18,785,238
96$28,320,587$0$0$20,533,586
97$30,965,129$0$0$22,454,980
98$33,871,722$0$0$24,566,907
99$37,066,855$0$0$26,888,628
100$40,579,709$0$0$29,441,365