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%18%
1 years$92,489$91,665$90,861$90,076$89,310$86,417
2 years$45,786$44,934$44,107$43,306$42,529$39,641
3 years$30,221$29,365$28,540$27,747$26,982$24,190
4 years$22,440$21,586$20,770$19,990$19,244$16,569
5 years$17,772$16,924$16,118$15,354$14,629$12,079
6 years$14,662$13,820$13,026$12,279$11,575$9,152
7 years$12,441$11,606$10,825$10,095$9,414$7,117
8 years$10,776$9,948$9,180$8,469$7,810$5,638
9 years$9,482$8,662$7,907$7,213$6,577$4,528
10 years$8,447$7,635$6,893$6,218$5,604$3,674
11 years$7,601$6,797$6,069$5,411$4,819$3,005
12 years$6,896$6,100$5,386$4,747$4,176$2,474
13 years$6,300$5,513$4,812$4,191$3,642$2,047
14 years$5,790$5,011$4,324$3,720$3,193$1,701
15 years$5,348$4,578$3,904$3,317$2,811$1,417
16 years$4,962$4,200$3,539$2,970$2,484$1,185
17 years$4,622$3,868$3,221$2,669$2,203$993
18 years$4,319$3,574$2,940$2,405$1,959$833
19 years$4,049$3,313$2,691$2,173$1,746$700
20 years$3,807$3,078$2,470$1,968$1,559$589
21 years$3,587$2,867$2,272$1,786$1,395$497
22 years$3,388$2,677$2,094$1,624$1,251$419
23 years$3,206$2,503$1,933$1,479$1,123$353
24 years$3,040$2,345$1,788$1,349$1,009$299
25 years$2,888$2,201$1,656$1,232$908$252
26 years$2,747$2,069$1,536$1,127$818$213
27 years$2,617$1,947$1,426$1,031$737$180
28 years$2,496$1,834$1,326$945$665$153
29 years$2,384$1,731$1,234$866$601$129
30 years$2,280$1,634$1,149$795$543$109
31 years$2,182$1,545$1,071$730$491$92
32 years$2,091$1,462$1,000$671$444$78
33 years$2,006$1,384$933$617$402$66
34 years$1,925$1,312$872$568$364$56
35 years$1,850$1,245$815$523$330$48
36 years$1,779$1,181$763$481$299$40
37 years$1,712$1,122$714$444$271$34
38 years$1,648$1,066$669$409$245$29
39 years$1,588$1,014$626$377$222$24
40 years$1,531$965$587$348$202$21
41 years$1,477$918$551$321$183$18
42 years$1,426$874$516$296$166$15
43 years$1,377$833$485$273$151$13
44 years$1,331$794$455$252$137$11
45 years$1,286$757$427$233$124$9
46 years$1,244$723$401$215$113$8
47 years$1,204$689$377$199$102$7
48 years$1,166$658$354$184$93$6
49 years$1,129$629$333$170$84$5
50 years$1,094$600$313$157$77$4

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 $2,265 every year, while hoping to spend $27,742 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: 41/33/26 Blend
48$1,120,000$1,120,000$1,120,000$1,120,000
49$1,236,576$1,177,216$1,159,856$1,277,736
50$1,333,190$1,205,383$1,169,194$1,335,772
51$1,438,728$1,233,999$1,177,915$1,395,768
52$1,554,072$1,263,059$1,185,969$1,460,171
53$1,680,192$1,292,554$1,193,304$1,529,401
54$1,818,156$1,322,473$1,199,864$1,603,924
55$1,969,139$1,352,806$1,205,590$1,684,250
56$2,134,437$1,383,539$1,210,423$1,770,945
57$2,315,476$1,414,658$1,214,298$1,864,631
58$2,513,825$1,446,147$1,217,148$1,965,992
59$2,731,214$1,477,987$1,218,901$2,075,785
60$2,969,547$1,510,158$1,219,484$2,194,845
61$3,230,923$1,542,638$1,218,819$2,324,089
62$3,517,651$1,575,401$1,216,823$2,464,531
63$3,832,277$1,608,420$1,213,412$2,617,289
64$4,177,602$1,641,667$1,208,495$2,783,594
65$4,556,716$1,675,106$1,201,978$2,964,805
66$4,973,019$1,708,704$1,193,761$3,162,421
67$5,430,257$1,742,421$1,183,743$3,378,092
68$5,932,558$1,776,215$1,171,813$3,613,640
69$6,484,469$1,810,040$1,157,859$3,871,072
70$7,090,999$1,843,846$1,141,762$4,152,603
71$7,757,667$1,877,579$1,123,396$4,460,674
72$8,490,550$1,911,183$1,102,631$4,797,978
73$9,296,349$1,944,593$1,079,332$5,167,481
74$10,182,441$1,977,743$1,053,354$5,572,457
75$11,156,958$2,010,560$1,024,549$6,016,514
76$12,228,856$2,042,966$992,760$6,503,629
77$13,408,005$2,074,877$957,824$7,038,191
78$14,705,280$2,106,204$919,569$7,625,033
79$16,132,661$2,136,850$877,817$8,269,490
80$17,703,349$2,166,712$832,380$8,977,439
81$19,431,889$2,195,680$783,064$9,755,361
82$21,334,309$2,223,636$729,664$10,610,403
83$23,428,268$2,250,453$671,966$11,550,442
84$25,733,223$2,275,997$609,749$12,584,163
85$28,270,614$2,300,123$542,778$13,721,141
86$31,064,066$2,322,678$470,810$14,971,932
87$34,139,610$2,343,499$393,592$16,348,172
88$37,525,931$2,362,411$310,858$17,862,690
89$41,254,635$2,379,228$222,330$19,529,628
90$45,360,550$2,393,753$127,721$21,364,576
91$49,882,053$2,405,774$26,727$23,384,720
92$54,861,434$2,415,069$0$25,609,004
93$60,345,291$2,421,398$0$28,080,798
94$66,384,974$2,424,509$0$30,810,011
95$73,037,064$2,424,133$0$33,814,694
96$80,363,914$2,419,985$0$37,122,917
97$88,434,230$2,411,761$0$40,765,618
98$97,323,724$2,399,140$0$44,776,893
99$107,115,826$2,381,780$0$49,194,319
100$117,902,473$2,359,320$0$54,059,308