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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$91,663$90,846$90,050$89,272$88,513$87,955
2 years$45,378$44,532$43,713$42,919$42,149$41,586
3 years$29,951$29,102$28,285$27,499$26,741$26,191
4 years$22,240$21,393$20,585$19,811$19,072$18,539
5 years$17,614$16,773$15,974$15,217$14,498$13,983
6 years$14,531$13,696$12,910$12,169$11,472$10,976
7 years$12,330$11,502$10,728$10,005$9,330$8,853
8 years$10,680$9,859$9,098$8,393$7,740$7,283
9 years$9,397$8,584$7,836$7,149$6,518$6,080
10 years$8,371$7,567$6,832$6,162$5,554$5,135
11 years$7,533$6,736$6,015$5,363$4,776$4,376
12 years$6,834$6,046$5,338$4,704$4,139$3,757
13 years$6,244$5,464$4,769$4,153$3,609$3,245
14 years$5,738$4,966$4,285$3,687$3,164$2,817
15 years$5,300$4,537$3,869$3,288$2,786$2,456
16 years$4,918$4,163$3,508$2,944$2,462$2,149
17 years$4,580$3,834$3,192$2,645$2,183$1,886
18 years$4,281$3,542$2,914$2,384$1,941$1,660
19 years$4,013$3,283$2,667$2,154$1,730$1,464
20 years$3,773$3,051$2,448$1,951$1,545$1,293
21 years$3,555$2,842$2,252$1,770$1,383$1,145
22 years$3,358$2,653$2,075$1,610$1,240$1,015
23 years$3,178$2,481$1,916$1,466$1,113$901
24 years$3,013$2,324$1,772$1,337$1,000$801
25 years$2,862$2,181$1,641$1,221$900$712
26 years$2,722$2,050$1,522$1,117$811$634
27 years$2,593$1,929$1,414$1,022$731$565
28 years$2,474$1,818$1,314$936$660$504
29 years$2,363$1,715$1,223$859$596$450
30 years$2,259$1,620$1,139$788$538$401
31 years$2,163$1,531$1,062$724$486$359
32 years$2,073$1,449$991$665$440$320
33 years$1,988$1,372$925$612$398$286
34 years$1,908$1,300$864$563$361$256
35 years$1,833$1,233$808$518$327$229
36 years$1,763$1,171$756$477$296$205
37 years$1,696$1,112$708$440$268$183
38 years$1,633$1,057$663$405$243$164
39 years$1,574$1,005$621$374$220$147
40 years$1,518$956$582$345$200$132
41 years$1,464$910$546$318$181$118
42 years$1,413$867$512$293$165$106
43 years$1,365$826$480$271$149$95
44 years$1,319$787$451$250$136$85
45 years$1,275$751$423$231$123$76
46 years$1,233$716$398$213$112$68
47 years$1,193$683$373$197$102$61
48 years$1,155$652$351$182$92$55
49 years$1,119$623$330$168$84$49
50 years$1,084$595$310$156$76$44

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 $4,553 every year, while hoping to spend $42,492 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: 46/25/29 Blend
48$1,110,000$1,110,000$1,110,000$1,110,000
49$1,227,916$1,169,086$1,151,881$1,273,961
50$1,307,953$1,181,160$1,145,258$1,319,152
51$1,394,729$1,192,402$1,136,989$1,363,708
52$1,488,887$1,202,725$1,126,974$1,411,246
53$1,591,133$1,212,039$1,115,108$1,462,067
54$1,702,246$1,220,247$1,101,281$1,516,509
55$1,823,081$1,227,244$1,085,380$1,574,942
56$1,954,577$1,232,921$1,067,282$1,637,779
57$2,097,770$1,237,161$1,046,862$1,705,477
58$2,253,800$1,239,839$1,023,989$1,778,541
59$2,423,920$1,240,823$998,525$1,857,529
60$2,609,509$1,239,972$970,325$1,943,063
61$2,812,086$1,237,138$939,238$2,035,827
62$3,033,323$1,232,162$905,107$2,136,579
63$3,275,060$1,224,876$867,766$2,246,161
64$3,539,323$1,215,102$827,042$2,365,499
65$3,828,342$1,202,650$782,756$2,495,621
66$4,144,573$1,187,320$734,719$2,637,663
67$4,490,720$1,168,900$682,733$2,792,882
68$4,869,762$1,147,164$626,593$2,962,665
69$5,284,977$1,121,874$566,083$3,148,550
70$5,739,977$1,092,778$500,979$3,352,232
71$6,238,738$1,059,608$431,046$3,575,588
72$6,785,642$1,022,081$356,038$3,820,690
73$7,385,512$979,898$275,700$4,089,829
74$8,043,663$932,742$189,765$4,385,536
75$8,765,947$880,276$97,952$4,710,607
76$9,558,812$822,148$0$5,068,128
77$10,429,359$757,982$0$5,461,521
78$11,385,412$687,381$0$5,926,889
79$12,435,588$609,927$0$6,438,148
80$13,589,382$525,177$0$6,999,996
81$14,857,251$432,664$0$7,617,609
82$16,250,719$331,892$0$8,296,698
83$17,782,478$222,340$0$9,043,561
84$19,466,513$103,457$0$9,865,140
85$21,318,232$0$0$10,769,093
86$23,354,609$0$0$11,770,833
87$25,594,347$0$0$12,904,056
88$28,058,052$0$0$14,150,745
89$30,768,427$0$0$15,522,407
90$33,750,487$0$0$17,031,718
91$37,031,792$0$0$18,692,650
92$40,642,712$0$0$20,520,593
93$44,616,706$0$0$22,532,506
94$48,990,643$0$0$24,747,078
95$53,805,147$0$0$27,184,898
96$59,104,981$0$0$29,868,654
97$64,939,466$0$0$32,823,347
98$71,362,951$0$0$36,076,523
99$78,435,321$0$0$39,658,537
100$86,222,563$0$0$43,602,836