Can I retire at age 49 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$93,314$92,483$91,672$90,881$90,108$88,325
2 years$46,195$45,335$44,501$43,693$42,908$41,119
3 years$30,491$29,627$28,795$27,994$27,223$25,484
4 years$22,640$21,779$20,955$20,168$19,416$17,740
5 years$17,931$17,075$16,262$15,491$14,759$13,152
6 years$14,793$13,943$13,142$12,388$11,679$10,141
7 years$12,552$11,709$10,921$10,185$9,498$8,030
8 years$10,872$10,037$9,262$8,544$7,879$6,482
9 years$9,566$8,739$7,978$7,278$6,636$5,307
10 years$8,522$7,703$6,955$6,273$5,654$4,393
11 years$7,668$6,858$6,123$5,460$4,862$3,668
12 years$6,957$6,155$5,434$4,789$4,214$3,083
13 years$6,356$5,562$4,855$4,228$3,674$2,607
14 years$5,842$5,056$4,362$3,753$3,221$2,214
15 years$5,396$4,619$3,938$3,347$2,836$1,887
16 years$5,006$4,238$3,571$2,997$2,506$1,614
17 years$4,663$3,903$3,249$2,693$2,222$1,384
18 years$4,358$3,606$2,966$2,427$1,976$1,189
19 years$4,085$3,342$2,715$2,193$1,761$1,024
20 years$3,841$3,106$2,492$1,986$1,573$883
21 years$3,619$2,893$2,292$1,802$1,408$762
22 years$3,418$2,700$2,113$1,639$1,262$659
23 years$3,235$2,526$1,951$1,492$1,133$570
24 years$3,067$2,366$1,804$1,361$1,018$494
25 years$2,913$2,221$1,671$1,243$916$428
26 years$2,771$2,087$1,550$1,137$825$372
27 years$2,640$1,964$1,439$1,040$744$322
28 years$2,519$1,851$1,338$953$671$280
29 years$2,405$1,746$1,245$874$606$243
30 years$2,300$1,649$1,160$802$548$211
31 years$2,202$1,559$1,081$737$495$184
32 years$2,110$1,475$1,009$677$448$160
33 years$2,024$1,397$942$623$405$139
34 years$1,943$1,324$880$573$367$121
35 years$1,866$1,256$823$527$332$105
36 years$1,795$1,192$770$486$301$92
37 years$1,727$1,132$720$448$273$80
38 years$1,663$1,076$675$413$248$69
39 years$1,602$1,023$632$380$224$60
40 years$1,545$973$592$351$204$53
41 years$1,490$926$555$324$185$46
42 years$1,439$882$521$299$168$40
43 years$1,389$841$489$276$152$35
44 years$1,343$801$459$255$138$30
45 years$1,298$764$431$235$125$26
46 years$1,255$729$405$217$114$23
47 years$1,215$696$380$201$103$20
48 years$1,176$664$357$185$94$17
49 years$1,139$634$336$171$85$15
50 years$1,103$606$316$158$77$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,130,000, adding $3,136 every year, while hoping to spend $48,164 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: 60/18/22 Blend
48$1,130,000$1,130,000$1,130,000$1,130,000
49$1,248,495$1,188,605$1,171,090$1,315,957
50$1,324,595$1,195,600$1,159,075$1,369,080
51$1,406,843$1,201,324$1,145,044$1,421,478
52$1,495,816$1,205,664$1,128,877$1,477,580
53$1,592,146$1,208,498$1,110,452$1,537,752
54$1,696,530$1,209,700$1,089,637$1,602,402
55$1,809,734$1,209,133$1,066,298$1,671,980
56$1,932,600$1,206,653$1,040,292$1,746,984
57$2,066,054$1,202,108$1,011,470$1,827,962
58$2,211,114$1,195,334$979,677$1,915,523
59$2,368,902$1,186,159$944,750$2,010,339
60$2,540,649$1,174,401$906,519$2,113,151
61$2,727,714$1,159,865$864,806$2,224,780
62$2,931,589$1,142,347$819,425$2,346,132
63$3,153,918$1,121,628$770,182$2,478,208
64$3,396,507$1,097,478$716,873$2,622,114
65$3,661,349$1,069,653$659,287$2,779,073
66$3,950,635$1,037,893$597,201$2,950,434
67$4,266,776$1,001,926$530,383$3,137,689
68$4,612,429$961,462$458,593$3,342,482
69$4,990,517$916,194$381,576$3,566,634
70$5,404,260$865,798$299,069$3,812,150
71$5,857,203$809,931$210,796$4,081,249
72$6,353,250$748,230$116,471$4,376,378
73$6,896,701$680,312$15,791$4,700,239
74$7,492,289$605,772$0$5,055,815
75$8,145,228$524,182$0$5,467,912
76$8,861,263$435,088$0$5,924,006
77$9,646,718$338,013$0$6,424,477
78$10,508,559$232,452$0$6,973,835
79$11,454,462$117,872$0$7,577,054
80$12,492,879$0$0$8,239,615
81$13,633,121$0$0$8,968,809
82$14,885,445$0$0$9,795,416
83$16,261,152$0$0$10,703,558
84$17,772,689$0$0$11,701,464
85$19,433,769$0$0$12,798,200
86$21,259,499$0$0$14,003,754
87$23,266,524$0$0$15,329,128
88$25,473,179$0$0$16,786,446
89$27,899,668$0$0$18,389,063
90$30,568,248$0$0$20,151,695
91$33,503,442$0$0$22,090,554
92$36,732,268$0$0$24,223,503
93$40,284,495$0$0$26,570,224
94$44,192,925$0$0$29,152,402
95$48,493,696$0$0$31,993,931
96$53,226,627$0$0$35,121,138
97$58,435,595$0$0$38,563,029
98$64,168,943$0$0$42,351,570
99$70,479,940$0$0$46,521,977
100$77,427,279$0$0$51,113,058