Can I retire at age 49 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$88,360$87,573$86,805$86,055$85,323$84,573
2 years$43,742$42,928$42,138$41,373$40,630$39,874
3 years$28,872$28,054$27,266$26,508$25,777$25,039
4 years$21,438$20,622$19,843$19,097$18,385$17,670
5 years$16,979$16,168$15,399$14,669$13,976$13,286
6 years$14,007$13,203$12,445$11,731$11,059$10,395
7 years$11,885$11,088$10,341$9,644$8,994$8,357
8 years$10,295$9,504$8,770$8,090$7,461$6,851
9 years$9,058$8,275$7,554$6,891$6,283$5,700
10 years$8,070$7,294$6,586$5,940$5,354$4,796
11 years$7,261$6,493$5,798$5,170$4,604$4,072
12 years$6,588$5,828$5,146$4,535$3,990$3,483
13 years$6,019$5,267$4,597$4,003$3,479$2,997
14 years$5,531$4,788$4,131$3,554$3,050$2,592
15 years$5,109$4,373$3,729$3,169$2,685$2,250
16 years$4,741$4,013$3,381$2,838$2,373$1,961
17 years$4,415$3,695$3,077$2,550$2,104$1,714
18 years$4,127$3,415$2,809$2,298$1,871$1,502
19 years$3,869$3,165$2,571$2,076$1,668$1,319
20 years$3,637$2,941$2,360$1,880$1,490$1,160
21 years$3,427$2,739$2,171$1,707$1,333$1,022
22 years$3,237$2,557$2,000$1,552$1,195$902
23 years$3,063$2,392$1,847$1,413$1,073$797
24 years$2,904$2,241$1,708$1,289$964$705
25 years$2,759$2,103$1,582$1,177$868$625
26 years$2,624$1,976$1,467$1,076$781$554
27 years$2,500$1,860$1,363$985$705$491
28 years$2,385$1,753$1,267$903$636$436
29 years$2,278$1,653$1,179$828$574$387
30 years$2,178$1,561$1,098$760$519$344
31 years$2,085$1,476$1,024$698$469$306
32 years$1,998$1,397$955$641$424$272
33 years$1,916$1,323$892$590$384$242
34 years$1,840$1,254$833$543$348$215
35 years$1,767$1,189$779$499$315$191
36 years$1,699$1,129$729$460$285$170
37 years$1,635$1,072$682$424$259$152
38 years$1,575$1,019$639$391$234$135
39 years$1,517$969$598$360$213$120
40 years$1,463$922$561$332$193$107
41 years$1,411$877$526$306$175$96
42 years$1,362$835$493$283$159$85
43 years$1,316$796$463$261$144$76
44 years$1,271$759$435$241$131$68
45 years$1,229$724$408$223$119$60
46 years$1,189$690$383$206$108$54
47 years$1,150$659$360$190$98$48
48 years$1,113$629$338$176$89$43
49 years$1,078$600$318$162$81$38
50 years$1,045$574$299$150$73$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,070,000, adding $4,512 every year, while hoping to spend $39,306 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: 33/46/21 Blend
48$1,070,000$1,070,000$1,070,000$1,070,000
49$1,183,794$1,127,084$1,110,499$1,215,085
50$1,262,720$1,140,490$1,105,880$1,252,192
51$1,348,379$1,153,235$1,099,788$1,288,254
52$1,441,416$1,165,246$1,092,133$1,326,308
53$1,542,541$1,176,444$1,082,821$1,366,554
54$1,652,535$1,186,745$1,071,750$1,409,214
55$1,772,257$1,196,059$1,058,817$1,454,534
56$1,902,653$1,204,291$1,043,913$1,502,789
57$2,044,762$1,211,340$1,026,922$1,554,282
58$2,199,729$1,217,097$1,007,726$1,609,353
59$2,368,815$1,221,448$986,198$1,668,377
60$2,553,406$1,224,271$962,208$1,731,770
61$2,755,029$1,225,436$935,617$1,799,997
62$2,975,364$1,224,805$906,283$1,873,570
63$3,216,262$1,222,231$874,054$1,953,060
64$3,479,761$1,217,560$838,775$2,039,097
65$3,768,102$1,210,626$800,279$2,132,383
66$4,083,757$1,201,255$758,397$2,233,695
67$4,429,444$1,189,261$712,948$2,343,893
68$4,808,160$1,174,448$663,744$2,463,931
69$5,223,203$1,156,606$610,589$2,594,865
70$5,678,205$1,135,515$553,280$2,737,866
71$6,177,167$1,110,941$491,600$2,894,229
72$6,724,497$1,082,636$425,328$3,065,389
73$7,325,049$1,050,338$354,229$3,252,934
74$7,984,168$1,013,769$278,060$3,458,622
75$8,707,744$972,634$196,566$3,684,397
76$9,502,265$926,624$109,482$3,932,412
77$10,374,876$875,409$16,530$4,205,045
78$11,333,450$818,640$0$4,504,929
79$12,386,659$755,951$0$4,853,498
80$13,544,057$686,952$0$5,240,604
81$14,816,170$611,231$0$5,666,169
82$16,214,592$528,354$0$6,134,198
83$17,752,100$437,862$0$6,649,115
84$19,442,767$339,271$0$7,215,805
85$21,302,101$232,067$0$7,839,659
86$23,347,186$115,709$0$8,526,627
87$25,596,846$0$0$9,283,280
88$28,071,822$0$0$10,122,118
89$30,794,964$0$0$11,109,692
90$33,791,451$0$0$12,196,585
91$37,089,025$0$0$13,392,882
92$40,718,253$0$0$14,709,697
93$44,712,815$0$0$16,159,276
94$49,109,824$0$0$17,755,111
95$53,950,172$0$0$19,512,071
96$59,278,916$0$0$21,446,537
97$65,145,706$0$0$23,576,562
98$71,605,248$0$0$25,922,039
99$78,717,827$0$0$28,504,884
100$86,549,867$0$0$31,349,252