Can I retire at age 49 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$90,837$90,028$89,238$88,468$87,716$85,456
2 years$44,969$44,131$43,320$42,533$41,769$39,508
3 years$29,681$28,840$28,031$27,251$26,500$24,308
4 years$22,039$21,201$20,399$19,633$18,900$16,794
5 years$17,455$16,622$15,831$15,080$14,368$12,353
6 years$14,400$13,573$12,793$12,060$11,369$9,447
7 years$12,219$11,398$10,631$9,915$9,246$7,418
8 years$10,583$9,771$9,016$8,317$7,670$5,935
9 years$9,312$8,507$7,766$7,084$6,459$4,816
10 years$8,296$7,499$6,770$6,107$5,504$3,950
11 years$7,465$6,675$5,960$5,315$4,733$3,266
12 years$6,773$5,992$5,290$4,662$4,102$2,719
13 years$6,188$5,415$4,726$4,116$3,577$2,276
14 years$5,687$4,922$4,246$3,653$3,135$1,913
15 years$5,253$4,496$3,834$3,258$2,761$1,614
16 years$4,873$4,125$3,476$2,917$2,440$1,365
17 years$4,539$3,799$3,163$2,621$2,163$1,158
18 years$4,242$3,510$2,887$2,362$1,924$984
19 years$3,977$3,253$2,643$2,135$1,715$838
20 years$3,739$3,023$2,426$1,933$1,531$715
21 years$3,523$2,816$2,231$1,755$1,371$610
22 years$3,327$2,629$2,057$1,595$1,228$521
23 years$3,149$2,459$1,899$1,453$1,103$446
24 years$2,986$2,304$1,756$1,325$991$382
25 years$2,836$2,162$1,627$1,210$892$327
26 years$2,698$2,032$1,509$1,106$803$280
27 years$2,570$1,912$1,401$1,013$724$240
28 years$2,452$1,802$1,302$928$654$206
29 years$2,342$1,700$1,212$851$590$177
30 years$2,239$1,605$1,129$781$533$152
31 years$2,143$1,517$1,052$717$482$130
32 years$2,054$1,436$982$659$436$112
33 years$1,970$1,360$917$606$395$96
34 years$1,891$1,289$857$558$357$83
35 years$1,817$1,222$801$513$324$71
36 years$1,747$1,160$749$473$293$61
37 years$1,681$1,102$701$436$266$52
38 years$1,619$1,047$657$402$241$45
39 years$1,560$996$615$370$218$39
40 years$1,504$947$577$342$198$33
41 years$1,451$902$541$315$180$29
42 years$1,400$859$507$291$163$25
43 years$1,353$818$476$268$148$21
44 years$1,307$780$447$248$134$18
45 years$1,264$744$419$229$122$16
46 years$1,222$710$394$211$111$13
47 years$1,183$677$370$195$101$12
48 years$1,145$646$348$180$91$10
49 years$1,109$617$327$167$83$9
50 years$1,074$590$307$154$75$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,100,000, adding $6,264 every year, while hoping to spend $30,743 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: 23/49/28 Blend
48$1,100,000$1,100,000$1,100,000$1,100,000
49$1,218,661$1,160,361$1,143,311$1,235,803
50$1,310,254$1,184,509$1,148,902$1,275,275
51$1,410,160$1,208,809$1,153,649$1,314,520
52$1,519,192$1,233,237$1,157,493$1,355,885
53$1,638,250$1,257,766$1,160,369$1,399,564
54$1,768,321$1,282,366$1,162,211$1,445,773
55$1,910,493$1,307,004$1,162,948$1,494,752
56$2,065,963$1,331,647$1,162,506$1,546,765
57$2,236,049$1,356,257$1,160,809$1,602,104
58$2,422,205$1,380,792$1,157,774$1,661,093
59$2,626,027$1,405,208$1,153,318$1,724,089
60$2,849,278$1,429,459$1,147,349$1,791,490
61$3,093,895$1,453,493$1,139,776$1,863,733
62$3,362,014$1,477,256$1,130,500$1,941,302
63$3,655,985$1,500,687$1,119,418$2,024,735
64$3,978,400$1,523,726$1,106,423$2,114,623
65$4,332,111$1,546,302$1,091,402$2,211,622
66$4,720,259$1,568,344$1,074,237$2,316,458
67$5,146,306$1,589,773$1,054,805$2,429,932
68$5,614,064$1,610,507$1,032,975$2,552,930
69$6,127,733$1,630,456$1,008,614$2,686,431
70$6,691,938$1,649,525$981,580$2,831,518
71$7,311,777$1,667,613$951,723$2,989,389
72$7,992,863$1,684,610$918,891$3,161,365
73$8,741,381$1,700,402$882,920$3,348,908
74$9,564,145$1,714,865$843,641$3,553,633
75$10,468,662$1,727,868$800,877$3,777,324
76$11,463,203$1,739,270$754,443$4,021,952
77$12,556,879$1,748,924$704,146$4,289,693
78$13,759,729$1,756,670$649,784$4,582,953
79$15,082,815$1,762,340$591,145$4,904,387
80$16,538,322$1,765,755$528,009$5,256,929
81$18,139,679$1,766,725$460,145$5,643,818
82$19,901,679$1,765,047$387,313$6,068,629
83$21,840,623$1,760,508$309,261$6,535,312
84$23,974,473$1,752,879$225,727$7,048,226
85$26,323,017$1,741,918$136,437$7,612,183
86$28,908,062$1,727,369$41,105$8,232,497
87$31,753,635$1,708,961$0$8,915,031
88$34,886,210$1,686,404$0$9,684,370
89$38,334,960$1,659,394$0$10,543,828
90$42,132,028$1,627,606$0$11,489,091
91$46,312,834$1,590,699$0$12,528,959
92$50,916,408$1,548,308$0$13,673,137
93$55,985,756$1,500,049$0$14,932,327
94$61,568,268$1,445,516$0$16,318,331
95$67,716,162$1,384,277$0$17,844,161
96$74,486,982$1,315,878$0$19,524,168
97$81,944,134$1,239,836$0$21,374,173
98$90,157,489$1,155,641$0$23,411,624
99$99,204,041$1,062,755$0$25,655,757
100$109,168,631$960,608$0$28,127,782