Can I retire at age 49 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$80,927$80,207$79,503$78,817$78,147$76,413
2 years$40,063$39,317$38,594$37,893$37,213$35,475
3 years$26,443$25,694$24,973$24,278$23,609$21,922
4 years$19,635$18,888$18,174$17,491$16,838$15,214
5 years$15,551$14,808$14,104$13,435$12,800$11,244
6 years$12,829$12,092$11,398$10,744$10,128$8,641
7 years$10,886$10,155$9,472$8,833$8,237$6,820
8 years$9,429$8,705$8,033$7,410$6,833$5,486
9 years$8,296$7,579$6,919$6,312$5,755$4,475
10 years$7,391$6,680$6,032$5,441$4,903$3,691
11 years$6,650$5,947$5,310$4,735$4,217$3,070
12 years$6,034$5,338$4,713$4,153$3,654$2,571
13 years$5,513$4,824$4,211$3,667$3,187$2,164
14 years$5,066$4,385$3,783$3,255$2,793$1,831
15 years$4,680$4,006$3,416$2,903$2,460$1,554
16 years$4,342$3,675$3,097$2,599$2,174$1,323
17 years$4,044$3,385$2,818$2,335$1,927$1,130
18 years$3,779$3,128$2,572$2,105$1,714$967
19 years$3,543$2,899$2,355$1,902$1,528$829
20 years$3,331$2,693$2,161$1,722$1,364$711
21 years$3,139$2,509$1,988$1,563$1,221$611
22 years$2,964$2,342$1,832$1,421$1,094$526
23 years$2,806$2,190$1,692$1,294$982$453
24 years$2,660$2,052$1,565$1,181$883$391
25 years$2,527$1,926$1,449$1,078$795$337
26 years$2,403$1,810$1,344$986$716$291
27 years$2,290$1,703$1,248$902$645$251
28 years$2,184$1,605$1,160$827$582$217
29 years$2,086$1,514$1,080$758$526$188
30 years$1,995$1,430$1,006$696$475$162
31 years$1,910$1,352$938$639$430$140
32 years$1,830$1,279$875$587$389$121
33 years$1,755$1,211$817$540$352$105
34 years$1,685$1,148$763$497$318$91
35 years$1,619$1,089$713$457$288$79
36 years$1,556$1,034$667$421$261$68
37 years$1,498$982$625$388$237$59
38 years$1,442$933$585$358$215$51
39 years$1,390$887$548$330$195$44
40 years$1,340$844$514$304$177$38
41 years$1,293$803$482$281$160$33
42 years$1,248$765$452$259$145$29
43 years$1,205$729$424$239$132$25
44 years$1,164$695$398$221$120$22
45 years$1,126$663$374$204$109$19
46 years$1,089$632$351$188$99$16
47 years$1,054$603$330$174$90$14
48 years$1,020$576$310$161$81$12
49 years$988$550$291$149$74$11
50 years$957$525$274$137$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $980,000, adding $2,720 every year, while hoping to spend $28,847 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: 52/23/25 Blend
48$980,000$980,000$980,000$980,000
49$1,082,766$1,030,826$1,015,636$1,131,386
50$1,162,515$1,050,643$1,018,966$1,185,163
51$1,249,431$1,070,465$1,021,442$1,240,462
52$1,344,216$1,090,261$1,023,003$1,300,029
53$1,447,641$1,109,998$1,023,588$1,364,283
54$1,560,553$1,129,640$1,023,131$1,433,685
55$1,683,888$1,149,151$1,021,565$1,508,743
56$1,818,674$1,168,489$1,018,817$1,590,019
57$1,966,044$1,187,610$1,014,812$1,678,131
58$2,127,244$1,206,467$1,009,472$1,773,762
59$2,303,648$1,225,009$1,002,714$1,877,666
60$2,496,766$1,243,181$994,452$1,990,673
61$2,708,265$1,260,925$984,594$2,113,700
62$2,939,976$1,278,178$973,046$2,247,757
63$3,193,919$1,294,874$959,709$2,393,961
64$3,472,317$1,310,942$944,477$2,553,541
65$3,777,620$1,326,304$927,243$2,727,854
66$4,112,524$1,340,879$907,892$2,918,395
67$4,479,999$1,354,581$886,305$3,126,817
68$4,883,320$1,367,316$862,357$3,354,940
69$5,326,089$1,378,985$835,917$3,604,771
70$5,812,278$1,389,483$806,848$3,878,526
71$6,346,261$1,398,698$775,007$4,178,647
72$6,932,855$1,406,510$740,246$4,507,827
73$7,577,369$1,412,792$702,407$4,869,037
74$8,285,651$1,417,408$661,328$5,265,554
75$9,064,142$1,420,216$616,837$5,700,991
76$9,919,939$1,421,062$568,756$6,179,331
77$10,860,863$1,419,784$516,899$6,704,968
78$11,895,527$1,416,210$461,072$7,282,748
79$13,033,423$1,410,156$401,070$7,918,012
80$14,285,008$1,401,429$336,681$8,616,650
81$15,661,803$1,389,823$267,684$9,385,160
82$17,176,502$1,375,120$193,847$10,230,702
83$18,843,093$1,357,088$114,928$11,161,173
84$20,676,984$1,335,482$30,674$12,185,280
85$22,695,158$1,310,042$0$13,312,623
86$24,916,323$1,280,492$0$14,569,587
87$27,361,094$1,246,542$0$15,961,799
88$30,052,185$1,207,882$0$17,494,009
89$33,014,626$1,164,187$0$19,180,480
90$36,275,995$1,115,109$0$21,036,933
91$39,866,681$1,060,284$0$23,080,691
92$43,820,169$999,324$0$25,330,849
93$48,173,355$931,820$0$27,808,452
94$52,966,898$857,340$0$30,536,693
95$58,245,598$775,426$0$33,541,133
96$64,058,822$685,595$0$36,849,944
97$70,460,968$587,335$0$40,494,175
98$77,511,979$480,107$0$44,508,045
99$85,277,909$363,341$0$48,929,266
100$93,831,545$236,434$0$53,799,402