Can I retire at age 49 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$89,185$88,391$87,616$86,859$86,121$83,869
2 years$44,151$43,329$42,532$41,759$41,010$38,756
3 years$29,142$28,316$27,521$26,756$26,018$23,834
4 years$21,638$20,815$20,028$19,276$18,557$16,458
5 years$17,138$16,319$15,543$14,806$14,106$12,099
6 years$14,138$13,326$12,561$11,840$11,162$9,248
7 years$11,997$11,191$10,438$9,735$9,078$7,258
8 years$10,391$9,593$8,852$8,166$7,531$5,804
9 years$9,143$8,352$7,625$6,956$6,342$4,706
10 years$8,145$7,362$6,647$5,996$5,404$3,857
11 years$7,329$6,554$5,852$5,218$4,647$3,188
12 years$6,650$5,883$5,194$4,577$4,027$2,652
13 years$6,075$5,316$4,640$4,041$3,512$2,218
14 years$5,583$4,832$4,169$3,587$3,078$1,863
15 years$5,157$4,414$3,764$3,199$2,711$1,571
16 years$4,785$4,050$3,413$2,864$2,396$1,328
17 years$4,457$3,730$3,106$2,574$2,124$1,126
18 years$4,165$3,447$2,835$2,319$1,889$956
19 years$3,905$3,194$2,595$2,096$1,683$813
20 years$3,671$2,968$2,382$1,898$1,504$693
21 years$3,459$2,765$2,191$1,723$1,346$591
22 years$3,267$2,581$2,019$1,566$1,206$505
23 years$3,092$2,414$1,864$1,426$1,083$431
24 years$2,932$2,262$1,724$1,301$973$369
25 years$2,784$2,122$1,597$1,188$876$316
26 years$2,649$1,995$1,481$1,086$789$270
27 years$2,523$1,877$1,375$994$711$232
28 years$2,407$1,769$1,279$911$642$199
29 years$2,299$1,669$1,190$835$579$170
30 years$2,198$1,576$1,108$767$524$146
31 years$2,104$1,490$1,033$704$473$125
32 years$2,017$1,410$964$647$428$107
33 years$1,934$1,335$900$595$387$92
34 years$1,857$1,265$841$548$351$79
35 years$1,784$1,200$786$504$318$68
36 years$1,715$1,139$736$464$288$58
37 years$1,651$1,082$688$428$261$50
38 years$1,589$1,028$645$394$237$43
39 years$1,531$978$604$364$215$37
40 years$1,477$930$566$335$195$32
41 years$1,424$885$531$309$177$27
42 years$1,375$843$498$285$160$23
43 years$1,328$803$467$264$145$20
44 years$1,283$766$439$243$132$17
45 years$1,241$730$412$225$120$15
46 years$1,200$697$387$208$109$13
47 years$1,161$665$363$192$99$11
48 years$1,124$635$341$177$90$9
49 years$1,088$606$321$164$81$8
50 years$1,054$579$302$151$74$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,080,000, adding $5,495 every year, while hoping to spend $48,894 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: 75/20/5 Blend
48$1,080,000$1,080,000$1,080,000$1,080,000
49$1,195,828$1,138,588$1,121,848$1,284,701
50$1,265,780$1,142,356$1,107,407$1,347,635
51$1,341,228$1,144,670$1,090,844$1,409,767
52$1,422,681$1,145,407$1,072,035$1,476,419
53$1,510,699$1,144,436$1,050,853$1,548,021
54$1,605,896$1,141,620$1,027,162$1,625,045
55$1,708,949$1,136,810$1,000,823$1,708,011
56$1,820,599$1,129,851$971,688$1,797,492
57$1,941,663$1,120,577$939,603$1,894,122
58$2,073,040$1,108,813$904,407$1,998,597
59$2,215,717$1,094,372$865,932$2,111,687
60$2,370,781$1,077,057$824,001$2,234,238
61$2,539,427$1,056,658$778,431$2,367,186
62$2,722,970$1,032,956$729,030$2,511,562
63$2,922,856$1,005,714$675,596$2,668,501
64$3,140,679$974,686$617,920$2,839,256
65$3,378,190$939,607$555,782$3,025,211
66$3,637,317$900,199$488,952$3,227,888
67$3,920,184$856,170$417,193$3,448,969
68$4,229,126$807,206$340,253$3,690,306
69$4,566,718$752,979$257,871$3,953,943
70$4,935,789$693,141$169,776$4,242,134
71$5,339,458$627,324$75,683$4,557,364
72$5,781,159$555,139$0$4,902,374
73$6,264,671$476,175$0$5,281,506
74$6,794,157$389,997$0$5,701,167
75$7,374,201$296,146$0$6,161,009
76$8,009,851$194,139$0$6,665,102
77$8,706,667$83,464$0$7,217,934
78$9,470,773$0$0$7,824,453
79$10,308,912$0$0$8,498,129
80$11,228,513$0$0$9,257,480
81$12,237,758$0$0$10,090,900
82$13,345,660$0$0$11,005,838
83$14,562,148$0$0$12,010,498
84$15,898,157$0$0$13,113,918
85$17,365,734$0$0$14,326,054
86$18,978,153$0$0$15,657,877
87$20,750,033$0$0$17,121,467
88$22,697,483$0$0$18,730,139
89$24,838,247$0$0$20,498,557
90$27,191,877$0$0$22,442,878
91$29,779,910$0$0$24,580,905
92$32,626,079$0$0$26,932,249
93$35,756,528$0$0$29,518,519
94$39,200,064$0$0$32,363,524
95$42,988,427$0$0$35,493,493
96$47,156,587$0$0$38,937,329
97$51,743,074$0$0$42,726,876
98$56,790,343$0$0$46,897,223
99$62,345,172$0$0$51,487,029
100$68,459,103$0$0$56,538,893