Can I retire at age 49 with 1,060,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$87,534$86,754$85,993$85,251$84,526$82,083
2 years$43,334$42,527$41,744$40,986$40,250$37,809
3 years$28,602$27,792$27,011$26,260$25,537$23,173
4 years$21,238$20,430$19,657$18,919$18,213$15,945
5 years$16,820$16,017$15,255$14,532$13,845$11,679
6 years$13,876$13,079$12,328$11,621$10,955$8,893
7 years$11,774$10,984$10,245$9,554$8,909$6,951
8 years$10,199$9,415$8,688$8,015$7,391$5,536
9 years$8,974$8,198$7,483$6,827$6,225$4,470
10 years$7,994$7,226$6,524$5,885$5,304$3,648
11 years$7,193$6,433$5,744$5,122$4,561$3,001
12 years$6,526$5,774$5,097$4,492$3,953$2,485
13 years$5,963$5,218$4,554$3,966$3,447$2,069
14 years$5,480$4,743$4,092$3,521$3,021$1,729
15 years$5,062$4,333$3,695$3,140$2,660$1,451
16 years$4,696$3,975$3,350$2,811$2,351$1,221
17 years$4,374$3,661$3,048$2,526$2,085$1,029
18 years$4,088$3,383$2,782$2,276$1,854$870
19 years$3,832$3,135$2,547$2,057$1,652$736
20 years$3,603$2,913$2,338$1,863$1,476$624
21 years$3,395$2,714$2,150$1,691$1,321$529
22 years$3,206$2,533$1,982$1,537$1,184$449
23 years$3,035$2,369$1,830$1,400$1,063$382
24 years$2,877$2,220$1,692$1,277$955$325
25 years$2,733$2,083$1,567$1,166$859$277
26 years$2,600$1,958$1,454$1,066$774$236
27 years$2,477$1,843$1,350$976$698$201
28 years$2,363$1,736$1,255$894$630$171
29 years$2,256$1,638$1,168$820$569$146
30 years$2,158$1,547$1,088$753$514$124
31 years$2,065$1,462$1,014$691$465$106
32 years$1,979$1,384$946$635$420$90
33 years$1,898$1,310$883$584$380$77
34 years$1,822$1,242$825$537$344$66
35 years$1,751$1,178$772$495$312$56
36 years$1,684$1,118$722$456$283$48
37 years$1,620$1,062$676$420$256$41
38 years$1,560$1,009$633$387$232$35
39 years$1,503$960$593$357$211$30
40 years$1,449$913$556$329$191$25
41 years$1,398$869$521$304$173$22
42 years$1,350$828$489$280$157$19
43 years$1,303$789$459$259$143$16
44 years$1,259$752$430$239$130$14
45 years$1,218$717$404$221$118$12
46 years$1,178$684$380$204$107$10
47 years$1,140$653$357$188$97$8
48 years$1,103$623$335$174$88$7
49 years$1,068$595$315$161$80$6
50 years$1,035$568$296$149$73$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,060,000, adding $2,044 every year, while hoping to spend $48,892 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: 53/33/14 Blend
48$1,060,000$1,060,000$1,060,000$1,060,000
49$1,170,228$1,114,048$1,097,618$1,227,790
50$1,237,571$1,116,616$1,082,368$1,269,860
51$1,310,144$1,117,671$1,064,968$1,310,217
52$1,388,429$1,117,087$1,045,295$1,353,018
53$1,472,955$1,114,731$1,023,219$1,398,508
54$1,564,305$1,110,461$998,605$1,446,957
55$1,663,118$1,104,127$971,312$1,498,667
56$1,770,096$1,095,570$941,190$1,553,971
57$1,886,011$1,084,618$908,086$1,613,240
58$2,011,715$1,071,095$871,837$1,676,884
59$2,148,140$1,054,808$832,274$1,745,359
60$2,296,313$1,035,558$789,219$1,819,170
61$2,457,367$1,013,129$742,487$1,898,877
62$2,632,542$987,297$691,884$1,985,099
63$2,823,209$957,821$637,209$2,078,523
64$3,030,870$924,449$578,250$2,179,910
65$3,257,184$886,912$514,786$2,290,103
66$3,503,972$844,926$446,587$2,410,036
67$3,773,241$798,191$373,412$2,540,741
68$4,067,200$746,390$295,009$2,683,363
69$4,388,278$689,188$211,116$2,839,166
70$4,739,152$626,228$121,458$3,009,551
71$5,122,769$557,136$25,750$3,196,069
72$5,542,372$481,516$0$3,400,434
73$6,001,532$398,948$0$3,635,952
74$6,504,182$308,991$0$3,898,156
75$7,054,653$211,176$0$4,185,562
76$7,657,714$105,010$0$4,500,787
77$8,318,617$0$0$4,846,715
78$9,043,147$0$0$5,230,176
79$9,837,673$0$0$5,692,603
80$10,709,213$0$0$6,199,960
81$11,665,495$0$0$6,756,758
82$12,715,033$0$0$7,367,968
83$13,867,202$0$0$8,039,065
84$15,132,332$0$0$8,776,080
85$16,521,802$0$0$9,585,657
86$18,048,146$0$0$10,475,116
87$19,725,173$0$0$11,452,518
88$21,568,094$0$0$12,526,747
89$23,593,667$0$0$13,707,589
90$25,820,357$0$0$15,005,825
91$28,268,503$0$0$16,433,332
92$30,960,516$0$0$18,003,199
93$33,921,086$0$0$19,729,842
94$37,177,415$0$0$21,629,147
95$40,759,477$0$0$23,718,618
96$44,700,292$0$0$26,017,539
97$49,036,246$0$0$28,547,158
98$53,807,428$0$0$31,330,886
99$59,058,010$0$0$34,394,520
100$64,836,660$0$0$37,766,484