Can I retire at age 49 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$91,663$90,846$90,050$89,272$88,513$87,335
2 years$45,378$44,532$43,713$42,919$42,149$40,964
3 years$29,951$29,102$28,285$27,499$26,741$25,586
4 years$22,240$21,393$20,585$19,811$19,072$17,955
5 years$17,614$16,773$15,974$15,217$14,498$13,424
6 years$14,531$13,696$12,910$12,169$11,472$10,441
7 years$12,330$11,502$10,728$10,005$9,330$8,342
8 years$10,680$9,859$9,098$8,393$7,740$6,796
9 years$9,397$8,584$7,836$7,149$6,518$5,617
10 years$8,371$7,567$6,832$6,162$5,554$4,696
11 years$7,533$6,736$6,015$5,363$4,776$3,960
12 years$6,834$6,046$5,338$4,704$4,139$3,363
13 years$6,244$5,464$4,769$4,153$3,609$2,873
14 years$5,738$4,966$4,285$3,687$3,164$2,467
15 years$5,300$4,537$3,869$3,288$2,786$2,126
16 years$4,918$4,163$3,508$2,944$2,462$1,839
17 years$4,580$3,834$3,192$2,645$2,183$1,595
18 years$4,281$3,542$2,914$2,384$1,941$1,386
19 years$4,013$3,283$2,667$2,154$1,730$1,208
20 years$3,773$3,051$2,448$1,951$1,545$1,054
21 years$3,555$2,842$2,252$1,770$1,383$921
22 years$3,358$2,653$2,075$1,610$1,240$806
23 years$3,178$2,481$1,916$1,466$1,113$707
24 years$3,013$2,324$1,772$1,337$1,000$620
25 years$2,862$2,181$1,641$1,221$900$544
26 years$2,722$2,050$1,522$1,117$811$478
27 years$2,593$1,929$1,414$1,022$731$420
28 years$2,474$1,818$1,314$936$660$370
29 years$2,363$1,715$1,223$859$596$325
30 years$2,259$1,620$1,139$788$538$286
31 years$2,163$1,531$1,062$724$486$252
32 years$2,073$1,449$991$665$440$222
33 years$1,988$1,372$925$612$398$196
34 years$1,908$1,300$864$563$361$173
35 years$1,833$1,233$808$518$327$152
36 years$1,763$1,171$756$477$296$134
37 years$1,696$1,112$708$440$268$119
38 years$1,633$1,057$663$405$243$105
39 years$1,574$1,005$621$374$220$92
40 years$1,518$956$582$345$200$81
41 years$1,464$910$546$318$181$72
42 years$1,413$867$512$293$165$63
43 years$1,365$826$480$271$149$56
44 years$1,319$787$451$250$136$49
45 years$1,275$751$423$231$123$44
46 years$1,233$716$398$213$112$39
47 years$1,193$683$373$197$102$34
48 years$1,155$652$351$182$92$30
49 years$1,119$623$330$168$84$27
50 years$1,084$595$310$156$76$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,110,000, adding $4,796 every year, while hoping to spend $59,819 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: 47/39/14 Blend
48$1,110,000$1,110,000$1,110,000$1,110,000
49$1,228,167$1,169,337$1,152,132$1,280,851
50$1,289,793$1,162,988$1,127,082$1,311,469
51$1,355,700$1,154,322$1,099,187$1,338,167
52$1,426,262$1,143,164$1,068,290$1,365,827
53$1,501,887$1,129,326$1,034,225$1,394,559
54$1,583,027$1,112,610$996,818$1,424,491
55$1,670,172$1,092,804$955,888$1,455,766
56$1,763,865$1,069,688$911,246$1,488,544
57$1,864,701$1,043,023$862,693$1,523,010
58$1,973,330$1,012,561$810,023$1,559,369
59$2,090,470$978,037$753,020$1,597,853
60$2,216,908$939,171$691,456$1,638,722
61$2,353,508$895,666$625,096$1,682,270
62$2,501,222$847,210$553,692$1,728,824
63$2,661,094$793,470$476,988$1,778,753
64$2,834,273$734,097$394,714$1,832,469
65$3,022,020$668,720$306,589$1,890,436
66$3,225,725$596,946$212,319$1,953,169
67$3,446,916$518,363$111,598$2,021,246
68$3,687,271$432,532$4,106$2,095,312
69$3,948,638$338,992$0$2,176,087
70$4,233,051$237,254$0$2,280,896
71$4,542,746$126,803$0$2,395,841
72$4,880,184$7,095$0$2,521,359
73$5,248,074$0$0$2,658,619
74$5,649,398$0$0$2,861,463
75$6,087,437$0$0$3,086,306
76$6,565,802$0$0$3,331,972
77$7,088,470$0$0$3,600,518
78$7,659,818$0$0$3,894,209
79$8,284,666$0$0$4,215,540
80$8,968,320$0$0$4,567,256
81$9,716,623$0$0$4,952,382
82$10,536,010$0$0$5,374,247
83$11,433,565$0$0$5,836,519
84$12,417,092$0$0$6,343,238
85$13,495,183$0$0$6,898,850
86$14,677,303$0$0$7,508,256
87$15,973,877$0$0$8,176,851
88$17,396,385$0$0$8,910,580
89$18,957,473$0$0$9,715,990
90$20,671,073$0$0$10,600,292
91$22,552,527$0$0$11,571,431
92$24,618,740$0$0$12,638,158
93$26,888,330$0$0$13,810,114
94$29,381,811$0$0$15,097,920
95$32,121,780$0$0$16,513,277
96$35,133,130$0$0$18,069,073
97$38,443,289$0$0$19,779,512
98$42,082,471$0$0$21,660,238
99$46,083,965$0$0$23,728,489
100$50,484,448$0$0$26,003,258