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

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$92,489$91,665$90,861$90,076$89,310$85,767
2 years$45,786$44,934$44,107$43,306$42,529$39,003
3 years$30,221$29,365$28,540$27,747$26,982$23,584
4 years$22,440$21,586$20,770$19,990$19,244$16,000
5 years$17,772$16,924$16,118$15,354$14,629$11,548
6 years$14,662$13,820$13,026$12,279$11,575$8,659
7 years$12,441$11,606$10,825$10,095$9,414$6,661
8 years$10,776$9,948$9,180$8,469$7,810$5,217
9 years$9,482$8,662$7,907$7,213$6,577$4,141
10 years$8,447$7,635$6,893$6,218$5,604$3,320
11 years$7,601$6,797$6,069$5,411$4,819$2,683
12 years$6,896$6,100$5,386$4,747$4,176$2,181
13 years$6,300$5,513$4,812$4,191$3,642$1,781
14 years$5,790$5,011$4,324$3,720$3,193$1,460
15 years$5,348$4,578$3,904$3,317$2,811$1,201
16 years$4,962$4,200$3,539$2,970$2,484$990
17 years$4,622$3,868$3,221$2,669$2,203$818
18 years$4,319$3,574$2,940$2,405$1,959$677
19 years$4,049$3,313$2,691$2,173$1,746$561
20 years$3,807$3,078$2,470$1,968$1,559$465
21 years$3,587$2,867$2,272$1,786$1,395$386
22 years$3,388$2,677$2,094$1,624$1,251$321
23 years$3,206$2,503$1,933$1,479$1,123$267
24 years$3,040$2,345$1,788$1,349$1,009$222
25 years$2,888$2,201$1,656$1,232$908$185
26 years$2,747$2,069$1,536$1,127$818$154
27 years$2,617$1,947$1,426$1,031$737$128
28 years$2,496$1,834$1,326$945$665$107
29 years$2,384$1,731$1,234$866$601$89
30 years$2,280$1,634$1,149$795$543$74
31 years$2,182$1,545$1,071$730$491$62
32 years$2,091$1,462$1,000$671$444$51
33 years$2,006$1,384$933$617$402$43
34 years$1,925$1,312$872$568$364$36
35 years$1,850$1,245$815$523$330$30
36 years$1,779$1,181$763$481$299$25
37 years$1,712$1,122$714$444$271$21
38 years$1,648$1,066$669$409$245$17
39 years$1,588$1,014$626$377$222$14
40 years$1,531$965$587$348$202$12
41 years$1,477$918$551$321$183$10
42 years$1,426$874$516$296$166$8
43 years$1,377$833$485$273$151$7
44 years$1,331$794$455$252$137$6
45 years$1,286$757$427$233$124$5
46 years$1,244$723$401$215$113$4
47 years$1,204$689$377$199$102$3
48 years$1,166$658$354$184$93$3
49 years$1,129$629$333$170$84$2
50 years$1,094$600$313$157$77$2

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 $4,238 every year, while hoping to spend $49,100 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: 63/28/9 Blend
48$1,120,000$1,120,000$1,120,000$1,120,000
49$1,238,611$1,179,251$1,161,891$1,314,007
50$1,312,708$1,184,793$1,148,573$1,370,424
51$1,392,716$1,188,960$1,133,162$1,425,894
52$1,479,188$1,191,634$1,115,538$1,485,212
53$1,572,730$1,192,688$1,095,573$1,548,748
54$1,674,006$1,191,988$1,073,132$1,616,914
55$1,783,749$1,189,390$1,048,077$1,690,161
56$1,902,765$1,184,743$1,020,261$1,768,993
57$2,031,938$1,177,887$989,531$1,853,961
58$2,172,242$1,168,650$955,726$1,945,676
59$2,324,748$1,156,851$918,681$2,044,815
60$2,490,635$1,142,298$878,218$2,152,121
61$2,671,197$1,124,789$834,157$2,268,419
62$2,867,863$1,104,107$786,304$2,394,618
63$3,082,200$1,080,024$734,461$2,531,721
64$3,315,937$1,052,298$678,418$2,680,839
65$3,570,975$1,020,673$617,958$2,843,194
66$3,849,407$984,878$552,851$3,020,141
67$4,153,535$944,626$482,861$3,213,171
68$4,485,897$899,613$407,738$3,423,934
69$4,849,284$849,519$327,222$3,654,249
70$5,246,769$794,004$241,042$3,906,125
71$5,681,738$732,709$148,916$4,181,782
72$6,157,918$665,254$50,547$4,483,667
73$6,679,412$591,238$0$4,814,484
74$7,250,740$510,237$0$5,182,444
75$7,876,879$421,803$0$5,591,131
76$8,563,312$325,462$0$6,039,353
77$9,316,075$220,714$0$6,531,155
78$10,141,817$107,032$0$7,070,999
79$11,047,864$0$0$7,663,806
80$12,042,283$0$0$8,319,976
81$13,133,959$0$0$9,076,607
82$14,332,683$0$0$9,907,517
83$15,649,236$0$0$10,820,190
84$17,095,499$0$0$11,822,873
85$18,684,557$0$0$12,924,647
86$20,430,826$0$0$14,135,523
87$22,350,188$0$0$15,466,523
88$24,460,141$0$0$16,929,794
89$26,779,962$0$0$18,538,717
90$29,330,889$0$0$20,308,037
91$32,136,320$0$0$22,253,996
92$35,222,036$0$0$24,394,491
93$38,616,441$0$0$26,749,239
94$42,350,831$0$0$29,339,968
95$46,459,687$0$0$32,190,613
96$50,981,002$0$0$35,327,550
97$55,956,638$0$0$38,779,839
98$61,432,719$0$0$42,579,502
99$67,460,068$0$0$46,761,820
100$74,094,686$0$0$51,365,670