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%12.1%
1 years$89,185$88,391$87,616$86,859$86,121$85,363
2 years$44,151$43,329$42,532$41,759$41,010$40,247
3 years$29,142$28,316$27,521$26,756$26,018$25,273
4 years$21,638$20,815$20,028$19,276$18,557$17,835
5 years$17,138$16,319$15,543$14,806$14,106$13,410
6 years$14,138$13,326$12,561$11,840$11,162$10,492
7 years$11,997$11,191$10,438$9,735$9,078$8,435
8 years$10,391$9,593$8,852$8,166$7,531$6,915
9 years$9,143$8,352$7,625$6,956$6,342$5,753
10 years$8,145$7,362$6,647$5,996$5,404$4,841
11 years$7,329$6,554$5,852$5,218$4,647$4,110
12 years$6,650$5,883$5,194$4,577$4,027$3,516
13 years$6,075$5,316$4,640$4,041$3,512$3,025
14 years$5,583$4,832$4,169$3,587$3,078$2,616
15 years$5,157$4,414$3,764$3,199$2,711$2,271
16 years$4,785$4,050$3,413$2,864$2,396$1,979
17 years$4,457$3,730$3,106$2,574$2,124$1,730
18 years$4,165$3,447$2,835$2,319$1,889$1,516
19 years$3,905$3,194$2,595$2,096$1,683$1,331
20 years$3,671$2,968$2,382$1,898$1,504$1,171
21 years$3,459$2,765$2,191$1,723$1,346$1,032
22 years$3,267$2,581$2,019$1,566$1,206$911
23 years$3,092$2,414$1,864$1,426$1,083$805
24 years$2,932$2,262$1,724$1,301$973$712
25 years$2,784$2,122$1,597$1,188$876$630
26 years$2,649$1,995$1,481$1,086$789$559
27 years$2,523$1,877$1,375$994$711$496
28 years$2,407$1,769$1,279$911$642$440
29 years$2,299$1,669$1,190$835$579$390
30 years$2,198$1,576$1,108$767$524$347
31 years$2,104$1,490$1,033$704$473$308
32 years$2,017$1,410$964$647$428$274
33 years$1,934$1,335$900$595$387$244
34 years$1,857$1,265$841$548$351$217
35 years$1,784$1,200$786$504$318$193
36 years$1,715$1,139$736$464$288$172
37 years$1,651$1,082$688$428$261$153
38 years$1,589$1,028$645$394$237$136
39 years$1,531$978$604$364$215$121
40 years$1,477$930$566$335$195$108
41 years$1,424$885$531$309$177$96
42 years$1,375$843$498$285$160$86
43 years$1,328$803$467$264$145$77
44 years$1,283$766$439$243$132$68
45 years$1,241$730$412$225$120$61
46 years$1,200$697$387$208$109$54
47 years$1,161$665$363$192$99$48
48 years$1,124$635$341$177$90$43
49 years$1,088$606$321$164$81$38
50 years$1,054$579$302$151$74$34

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 $6,916 every year, while hoping to spend $30,192 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: 66/25/9 Blend
48$1,080,000$1,080,000$1,080,000$1,080,000
49$1,197,294$1,140,054$1,123,314$1,273,691
50$1,287,294$1,163,792$1,128,821$1,349,129
51$1,385,462$1,187,682$1,133,500$1,427,313
52$1,492,599$1,211,699$1,137,293$1,511,973
53$1,609,588$1,235,816$1,140,136$1,603,740
54$1,737,399$1,260,004$1,141,963$1,703,304
55$1,877,101$1,284,231$1,142,707$1,811,430
56$2,029,871$1,308,465$1,142,293$1,928,957
57$2,197,005$1,332,666$1,140,647$2,056,811
58$2,379,929$1,356,797$1,137,688$2,196,012
59$2,580,215$1,380,813$1,133,334$2,347,684
60$2,799,592$1,404,667$1,127,495$2,513,065
61$3,039,965$1,428,311$1,120,082$2,693,518
62$3,303,434$1,451,691$1,110,996$2,890,548
63$3,592,308$1,474,747$1,100,138$3,105,809
64$3,909,132$1,497,419$1,087,402$3,341,128
65$4,256,711$1,519,640$1,072,678$3,598,516
66$4,638,132$1,541,338$1,055,848$3,880,189
67$5,056,795$1,562,438$1,036,793$4,188,589
68$5,516,447$1,582,857$1,015,385$4,526,409
69$6,021,216$1,602,508$991,492$4,896,615
70$6,575,647$1,621,298$964,974$5,302,475
71$7,184,748$1,639,126$935,685$5,747,593
72$7,854,037$1,655,888$903,475$6,235,940
73$8,589,591$1,671,469$868,184$6,771,893
74$9,398,107$1,685,748$829,646$7,360,273
75$10,286,961$1,698,597$787,686$8,006,397
76$11,264,281$1,709,879$742,124$8,716,123
77$12,339,022$1,719,446$692,769$9,495,909
78$13,521,048$1,727,145$639,422$10,352,870
79$14,821,229$1,732,810$581,877$11,294,850
80$16,251,541$1,736,264$519,917$12,330,493
81$17,825,180$1,737,322$453,315$13,469,326
82$19,556,683$1,735,786$381,836$14,721,850
83$21,462,069$1,731,444$305,232$16,099,637
84$23,558,989$1,724,073$223,246$17,615,442
85$25,866,890$1,713,437$135,609$19,283,324
86$28,407,200$1,699,283$42,040$21,118,775
87$31,203,532$1,681,345$0$23,138,871
88$34,281,902$1,659,341$0$25,367,986
89$37,670,977$1,632,970$0$27,825,978
90$41,402,346$1,601,914$0$30,531,698
91$45,510,816$1,565,839$0$33,510,373
92$50,034,740$1,524,386$0$36,789,805
93$55,016,383$1,477,180$0$40,400,635
94$60,502,313$1,423,821$0$44,376,628
95$66,543,847$1,363,887$0$48,754,997
96$73,197,532$1,296,930$0$53,576,754
97$80,525,679$1,222,478$0$58,887,092
98$88,596,949$1,140,030$0$64,735,822
99$97,487,006$1,049,059$0$71,177,833
100$107,279,222$949,005$0$78,273,621