Can I retire at age 49 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$80,515$79,797$79,098$78,415$77,748$75,440
2 years$39,859$39,116$38,397$37,699$37,023$34,717
3 years$26,309$25,563$24,845$24,154$23,489$21,257
4 years$19,535$18,791$18,081$17,402$16,752$14,612
5 years$15,472$14,733$14,032$13,366$12,735$10,692
6 years$12,764$12,030$11,340$10,689$10,077$8,132
7 years$10,830$10,103$9,423$8,788$8,195$6,349
8 years$9,381$8,660$7,992$7,372$6,799$5,051
9 years$8,254$7,540$6,883$6,279$5,725$4,073
10 years$7,353$6,646$6,001$5,413$4,878$3,320
11 years$6,617$5,917$5,283$4,711$4,196$2,728
12 years$6,003$5,311$4,689$4,132$3,636$2,256
13 years$5,485$4,799$4,189$3,648$3,170$1,875
14 years$5,040$4,362$3,764$3,238$2,779$1,566
15 years$4,656$3,985$3,398$2,888$2,447$1,311
16 years$4,320$3,656$3,081$2,586$2,163$1,102
17 years$4,023$3,367$2,804$2,323$1,918$928
18 years$3,760$3,112$2,559$2,094$1,705$783
19 years$3,525$2,884$2,343$1,892$1,520$661
20 years$3,314$2,680$2,150$1,714$1,357$560
21 years$3,123$2,496$1,978$1,555$1,215$474
22 years$2,949$2,330$1,823$1,414$1,089$402
23 years$2,791$2,179$1,683$1,288$977$341
24 years$2,647$2,042$1,557$1,174$879$290
25 years$2,514$1,916$1,442$1,073$791$246
26 years$2,391$1,801$1,337$981$712$209
27 years$2,278$1,695$1,242$898$642$178
28 years$2,173$1,597$1,154$822$579$151
29 years$2,076$1,507$1,074$754$523$129
30 years$1,985$1,423$1,000$692$473$110
31 years$1,900$1,345$933$636$427$93
32 years$1,820$1,273$870$584$387$80
33 years$1,746$1,205$813$537$350$68
34 years$1,676$1,142$759$494$317$58
35 years$1,610$1,083$710$455$287$49
36 years$1,549$1,028$664$419$260$42
37 years$1,490$977$622$386$236$36
38 years$1,435$928$582$356$214$30
39 years$1,383$883$545$328$194$26
40 years$1,333$840$511$303$176$22
41 years$1,286$799$479$279$159$19
42 years$1,241$761$450$258$145$16
43 years$1,199$725$422$238$131$14
44 years$1,158$691$396$220$119$12
45 years$1,120$659$372$203$108$10
46 years$1,083$629$349$187$98$8
47 years$1,048$600$328$173$89$7
48 years$1,015$573$308$160$81$6
49 years$983$547$290$148$74$5
50 years$952$523$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $975,000, adding $5,609 every year, while hoping to spend $21,297 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: 79/14/7 Blend
48$975,000$975,000$975,000$975,000
49$1,080,236$1,028,561$1,013,448$1,164,284
50$1,167,760$1,056,300$1,024,739$1,247,926
51$1,263,498$1,084,685$1,035,694$1,336,299
52$1,368,265$1,113,725$1,046,280$1,432,603
53$1,482,958$1,143,428$1,056,461$1,537,620
54$1,608,567$1,173,803$1,066,200$1,652,209
55$1,746,180$1,204,859$1,075,456$1,777,315
56$1,896,996$1,236,603$1,084,190$1,913,981
57$2,062,336$1,269,042$1,092,356$2,063,354
58$2,243,653$1,302,184$1,099,909$2,226,699
59$2,442,550$1,336,036$1,106,800$2,405,407
60$2,660,791$1,370,602$1,112,979$2,601,011
61$2,900,319$1,405,889$1,118,391$2,815,200
62$3,163,275$1,441,901$1,122,980$3,049,835
63$3,452,017$1,478,642$1,126,688$3,306,965
64$3,769,142$1,516,115$1,129,451$3,588,847
65$4,117,512$1,554,322$1,131,206$3,897,968
66$4,500,279$1,593,265$1,131,882$4,237,067
67$4,920,916$1,632,943$1,131,409$4,609,164
68$5,383,249$1,673,357$1,129,710$5,017,582
69$5,891,492$1,714,503$1,126,707$5,465,986
70$6,450,289$1,756,379$1,122,317$5,958,412
71$7,064,757$1,798,979$1,116,453$6,499,306
72$7,740,531$1,842,298$1,109,023$7,093,569
73$8,483,822$1,886,327$1,099,932$7,746,598
74$9,301,471$1,931,057$1,089,079$8,464,342
75$10,201,019$1,976,477$1,076,361$9,253,355
76$11,190,770$2,022,572$1,061,667$10,120,859
77$12,279,878$2,069,326$1,044,881$11,074,810
78$13,478,425$2,116,723$1,025,885$12,123,975
79$14,797,523$2,164,742$1,004,551$13,278,017
80$16,249,415$2,213,358$980,747$14,547,580
81$17,847,590$2,262,547$954,337$15,944,395
82$19,606,911$2,312,279$925,174$17,481,387
83$21,543,758$2,362,523$893,110$19,172,799
84$23,676,177$2,413,242$857,984$21,034,325
85$26,024,053$2,464,397$819,633$23,083,262
86$28,609,300$2,515,946$777,884$25,338,666
87$31,456,062$2,567,840$732,556$27,821,537
88$34,590,944$2,620,029$683,461$30,555,018
89$38,043,265$2,672,455$630,402$33,564,609
90$41,845,331$2,725,058$573,173$36,878,411
91$46,032,739$2,777,770$511,559$40,527,390
92$50,644,717$2,830,519$445,334$44,545,670
93$55,724,491$2,883,228$374,266$48,970,855
94$61,319,693$2,935,810$298,108$53,844,382
95$67,482,812$2,988,175$216,605$59,211,915
96$74,271,687$3,040,224$129,490$65,123,774
97$81,750,055$3,091,850$36,483$71,635,411
98$89,988,150$3,142,940$0$78,807,935
99$99,063,368$3,193,371$0$86,713,371
100$109,060,995$3,243,010$0$95,424,452