Can I retire at age 49 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$92,489$91,665$90,861$90,076$89,310$88,785
2 years$45,786$44,934$44,107$43,306$42,529$41,998
3 years$30,221$29,365$28,540$27,747$26,982$26,463
4 years$22,440$21,586$20,770$19,990$19,244$18,741
5 years$17,772$16,924$16,118$15,354$14,629$14,143
6 years$14,662$13,820$13,026$12,279$11,575$11,108
7 years$12,441$11,606$10,825$10,095$9,414$8,964
8 years$10,776$9,948$9,180$8,469$7,810$7,378
9 years$9,482$8,662$7,907$7,213$6,577$6,163
10 years$8,447$7,635$6,893$6,218$5,604$5,208
11 years$7,601$6,797$6,069$5,411$4,819$4,441
12 years$6,896$6,100$5,386$4,747$4,176$3,815
13 years$6,300$5,513$4,812$4,191$3,642$3,298
14 years$5,790$5,011$4,324$3,720$3,193$2,865
15 years$5,348$4,578$3,904$3,317$2,811$2,499
16 years$4,962$4,200$3,539$2,970$2,484$2,188
17 years$4,622$3,868$3,221$2,669$2,203$1,922
18 years$4,319$3,574$2,940$2,405$1,959$1,692
19 years$4,049$3,313$2,691$2,173$1,746$1,493
20 years$3,807$3,078$2,470$1,968$1,559$1,321
21 years$3,587$2,867$2,272$1,786$1,395$1,170
22 years$3,388$2,677$2,094$1,624$1,251$1,038
23 years$3,206$2,503$1,933$1,479$1,123$922
24 years$3,040$2,345$1,788$1,349$1,009$820
25 years$2,888$2,201$1,656$1,232$908$730
26 years$2,747$2,069$1,536$1,127$818$651
27 years$2,617$1,947$1,426$1,031$737$580
28 years$2,496$1,834$1,326$945$665$518
29 years$2,384$1,731$1,234$866$601$462
30 years$2,280$1,634$1,149$795$543$413
31 years$2,182$1,545$1,071$730$491$369
32 years$2,091$1,462$1,000$671$444$330
33 years$2,006$1,384$933$617$402$295
34 years$1,925$1,312$872$568$364$264
35 years$1,850$1,245$815$523$330$237
36 years$1,779$1,181$763$481$299$212
37 years$1,712$1,122$714$444$271$190
38 years$1,648$1,066$669$409$245$170
39 years$1,588$1,014$626$377$222$152
40 years$1,531$965$587$348$202$137
41 years$1,477$918$551$321$183$123
42 years$1,426$874$516$296$166$110
43 years$1,377$833$485$273$151$98
44 years$1,331$794$455$252$137$88
45 years$1,286$757$427$233$124$79
46 years$1,244$723$401$215$113$71
47 years$1,204$689$377$199$102$64
48 years$1,166$658$354$184$93$57
49 years$1,129$629$333$170$84$51
50 years$1,094$600$313$157$77$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,120,000, adding $4,880 every year, while hoping to spend $32,547 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: 78/16/6 Blend
48$1,120,000$1,120,000$1,120,000$1,120,000
49$1,239,274$1,179,914$1,162,554$1,334,907
50$1,331,050$1,203,100$1,166,870$1,421,499
51$1,431,096$1,226,331$1,170,239$1,511,701
52$1,540,222$1,249,575$1,172,596$1,609,649
53$1,659,319$1,272,798$1,173,872$1,716,100
54$1,789,366$1,295,962$1,173,993$1,831,886
55$1,931,442$1,319,025$1,172,883$1,957,922
56$2,086,737$1,341,945$1,170,462$2,095,218
57$2,256,558$1,364,674$1,166,646$2,244,885
58$2,442,345$1,387,162$1,161,348$2,408,147
59$2,645,685$1,409,353$1,154,473$2,586,353
60$2,868,323$1,431,189$1,145,926$2,780,987
61$3,112,183$1,452,608$1,135,605$2,993,687
62$3,379,382$1,473,543$1,123,405$3,226,255
63$3,672,252$1,493,920$1,109,213$3,480,677
64$3,993,363$1,513,663$1,092,912$3,759,140
65$4,345,544$1,532,690$1,074,382$4,064,055
66$4,731,910$1,550,912$1,053,494$4,398,078
67$5,155,893$1,568,236$1,030,115$4,764,135
68$5,621,274$1,584,560$1,004,104$5,165,451
69$6,132,219$1,599,777$975,316$5,605,577
70$6,693,313$1,613,774$943,597$6,088,429
71$7,309,610$1,626,428$908,787$6,618,320
72$7,986,677$1,637,610$870,718$7,200,004
73$8,730,647$1,647,182$829,216$7,838,716
74$9,548,276$1,654,997$784,097$8,540,230
75$10,447,006$1,660,898$735,171$9,310,905
76$11,435,039$1,664,720$682,237$10,157,749
77$12,521,408$1,666,286$625,087$11,088,485
78$13,716,066$1,665,409$563,502$12,111,625
79$15,029,979$1,661,889$497,254$13,236,546
80$16,475,231$1,655,515$426,106$14,473,585
81$18,065,132$1,646,063$349,808$15,834,130
82$19,814,350$1,633,294$268,101$17,330,733
83$21,739,046$1,616,958$180,714$18,977,227
84$23,857,024$1,596,785$87,365$20,788,853
85$26,187,906$1,572,492$0$22,782,412
86$28,753,307$1,543,779$0$24,977,199
87$31,577,048$1,510,328$0$27,398,850
88$34,685,374$1,471,801$0$30,064,270
89$38,107,204$1,427,841$0$32,998,258
90$41,874,404$1,378,071$0$36,228,139
91$46,022,088$1,322,090$0$39,784,029
92$50,588,944$1,259,477$0$43,699,114
93$55,617,607$1,189,781$0$48,009,964
94$61,155,054$1,112,532$0$52,756,880
95$67,253,051$1,027,227$0$57,984,274
96$73,968,640$933,339$0$63,741,087
97$81,364,675$830,306$0$70,081,255
98$89,510,420$717,539$0$77,064,213
99$98,482,197$594,413$0$84,755,460
100$108,364,109$460,268$0$93,227,179