Can I retire at age 49 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$80,102$79,388$78,692$78,013$77,349$74,873
2 years$39,654$38,916$38,200$37,506$36,833$34,361
3 years$26,174$25,432$24,718$24,030$23,368$20,979
4 years$19,435$18,695$17,988$17,313$16,666$14,377
5 years$15,392$14,657$13,960$13,298$12,670$10,486
6 years$12,698$11,969$11,282$10,634$10,025$7,950
7 years$10,775$10,051$9,375$8,743$8,153$6,186
8 years$9,333$8,616$7,951$7,334$6,764$4,903
9 years$8,212$7,502$6,848$6,247$5,696$3,940
10 years$7,315$6,612$5,970$5,385$4,853$3,199
11 years$6,583$5,887$5,256$4,687$4,174$2,618
12 years$5,972$5,283$4,665$4,111$3,617$2,157
13 years$5,456$4,775$4,168$3,629$3,154$1,786
14 years$5,015$4,340$3,745$3,222$2,765$1,485
15 years$4,632$3,965$3,381$2,873$2,434$1,238
16 years$4,297$3,638$3,065$2,573$2,152$1,036
17 years$4,003$3,350$2,789$2,311$1,908$868
18 years$3,741$3,096$2,546$2,083$1,696$729
19 years$3,507$2,869$2,331$1,882$1,512$614
20 years$3,297$2,666$2,139$1,705$1,350$517
21 years$3,107$2,483$1,968$1,547$1,209$436
22 years$2,934$2,318$1,814$1,407$1,083$368
23 years$2,777$2,168$1,674$1,281$972$311
24 years$2,633$2,031$1,549$1,168$874$263
25 years$2,501$1,906$1,434$1,067$786$222
26 years$2,379$1,792$1,330$976$708$188
27 years$2,266$1,686$1,235$893$639$159
28 years$2,162$1,589$1,148$818$576$135
29 years$2,065$1,499$1,069$750$520$114
30 years$1,975$1,415$995$689$470$97
31 years$1,890$1,338$928$632$425$82
32 years$1,811$1,266$866$581$385$69
33 years$1,737$1,199$808$535$348$59
34 years$1,668$1,136$755$492$315$50
35 years$1,602$1,078$706$453$285$42
36 years$1,541$1,023$661$417$259$36
37 years$1,482$972$618$384$234$30
38 years$1,427$923$579$354$212$26
39 years$1,375$878$542$326$193$22
40 years$1,326$835$508$301$175$19
41 years$1,279$795$477$278$159$16
42 years$1,235$757$447$256$144$13
43 years$1,193$722$420$237$131$11
44 years$1,152$688$394$219$119$10
45 years$1,114$656$370$202$108$8
46 years$1,078$626$347$186$98$7
47 years$1,043$597$326$172$89$6
48 years$1,009$570$307$159$81$5
49 years$978$544$288$147$73$4
50 years$947$520$271$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $970,000, adding $6,252 every year, while hoping to spend $37,441 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: 82/8/10 Blend
48$970,000$970,000$970,000$970,000
49$1,075,389$1,023,979$1,008,944$1,161,385
50$1,145,242$1,034,317$1,002,907$1,228,958
51$1,220,965$1,043,907$995,412$1,297,529
52$1,303,117$1,052,672$986,372$1,371,684
53$1,392,313$1,060,532$975,694$1,451,963
54$1,489,231$1,067,399$963,282$1,538,960
55$1,594,613$1,073,182$949,032$1,633,329
56$1,709,279$1,077,784$932,840$1,735,792
57$1,834,129$1,081,099$914,595$1,847,142
58$1,970,155$1,083,018$894,178$1,968,253
59$2,118,448$1,083,422$871,470$2,100,089
60$2,280,207$1,082,188$846,342$2,243,712
61$2,456,755$1,079,181$818,661$2,400,289
62$2,649,545$1,074,263$788,287$2,571,111
63$2,860,180$1,067,282$755,076$2,757,596
64$3,090,421$1,058,082$718,874$2,961,309
65$3,342,210$1,046,494$679,522$3,183,971
66$3,617,682$1,032,339$636,853$3,427,484
67$3,919,192$1,015,430$590,694$3,693,938
68$4,249,330$995,567$540,863$3,985,640
69$4,610,949$972,537$487,169$4,305,131
70$5,007,191$946,116$429,414$4,655,211
71$5,441,517$916,068$367,391$5,038,965
72$5,917,736$882,140$300,884$5,459,794
73$6,440,048$844,067$229,666$5,921,446
74$7,013,074$801,568$153,501$6,428,050
75$7,641,908$754,345$72,143$6,984,158
76$8,332,157$702,083$0$7,594,785
77$9,090,002$644,450$0$8,267,027
78$9,922,248$581,093$0$9,013,724
79$10,836,392$511,642$0$9,833,916
80$11,840,694$435,702$0$10,735,032
81$12,944,253$352,860$0$11,725,261
82$14,157,094$262,677$0$12,813,623
83$15,490,259$164,689$0$14,010,059
84$16,955,914$58,408$0$15,325,521
85$18,567,464$0$0$16,772,079
86$20,339,677$0$0$18,368,022
87$22,288,823$0$0$20,128,979
88$24,432,829$0$0$22,066,007
89$26,791,445$0$0$24,196,954
90$29,386,434$0$0$26,541,485
91$32,241,773$0$0$29,121,265
92$35,383,881$0$0$31,960,168
93$38,841,868$0$0$35,084,499
94$42,647,807$0$0$38,523,239
95$46,837,041$0$0$42,308,325
96$51,448,510$0$0$46,474,945
97$56,525,123$0$0$51,061,871
98$62,114,159$0$0$56,111,829
99$68,267,716$0$0$61,671,893
100$75,043,201$0$0$67,793,940