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

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$93,314$92,483$91,672$90,881$90,108$87,716
2 years$46,195$45,335$44,501$43,693$42,908$40,515
3 years$30,491$29,627$28,795$27,994$27,223$24,904
4 years$22,640$21,779$20,955$20,168$19,416$17,188
5 years$17,931$17,075$16,262$15,491$14,759$12,629
6 years$14,793$13,943$13,142$12,388$11,679$9,648
7 years$12,552$11,709$10,921$10,185$9,498$7,567
8 years$10,872$10,037$9,262$8,544$7,879$6,048
9 years$9,566$8,739$7,978$7,278$6,636$4,901
10 years$8,522$7,703$6,955$6,273$5,654$4,014
11 years$7,668$6,858$6,123$5,460$4,862$3,316
12 years$6,957$6,155$5,434$4,789$4,214$2,757
13 years$6,356$5,562$4,855$4,228$3,674$2,304
14 years$5,842$5,056$4,362$3,753$3,221$1,934
15 years$5,396$4,619$3,938$3,347$2,836$1,629
16 years$5,006$4,238$3,571$2,997$2,506$1,377
17 years$4,663$3,903$3,249$2,693$2,222$1,166
18 years$4,358$3,606$2,966$2,427$1,976$990
19 years$4,085$3,342$2,715$2,193$1,761$841
20 years$3,841$3,106$2,492$1,986$1,573$716
21 years$3,619$2,893$2,292$1,802$1,408$610
22 years$3,418$2,700$2,113$1,639$1,262$521
23 years$3,235$2,526$1,951$1,492$1,133$445
24 years$3,067$2,366$1,804$1,361$1,018$380
25 years$2,913$2,221$1,671$1,243$916$325
26 years$2,771$2,087$1,550$1,137$825$278
27 years$2,640$1,964$1,439$1,040$744$238
28 years$2,519$1,851$1,338$953$671$204
29 years$2,405$1,746$1,245$874$606$175
30 years$2,300$1,649$1,160$802$548$150
31 years$2,202$1,559$1,081$737$495$128
32 years$2,110$1,475$1,009$677$448$110
33 years$2,024$1,397$942$623$405$94
34 years$1,943$1,324$880$573$367$81
35 years$1,866$1,256$823$527$332$69
36 years$1,795$1,192$770$486$301$60
37 years$1,727$1,132$720$448$273$51
38 years$1,663$1,076$675$413$248$44
39 years$1,602$1,023$632$380$224$38
40 years$1,545$973$592$351$204$32
41 years$1,490$926$555$324$185$28
42 years$1,439$882$521$299$168$24
43 years$1,389$841$489$276$152$20
44 years$1,343$801$459$255$138$17
45 years$1,298$764$431$235$125$15
46 years$1,255$729$405$217$114$13
47 years$1,215$696$380$201$103$11
48 years$1,176$664$357$185$94$9
49 years$1,139$634$336$171$85$8
50 years$1,103$606$316$158$77$7

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 $5,761 every year, while hoping to spend $53,924 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: 67/16/17 Blend
48$1,130,000$1,130,000$1,130,000$1,130,000
49$1,251,202$1,191,312$1,173,797$1,329,507
50$1,321,450$1,192,312$1,155,745$1,383,554
51$1,397,056$1,191,553$1,135,280$1,435,801
52$1,478,510$1,188,893$1,112,266$1,491,605
53$1,566,349$1,184,180$1,086,558$1,551,309
54$1,661,163$1,177,252$1,058,005$1,615,297
55$1,763,603$1,167,938$1,026,449$1,683,993
56$1,874,382$1,156,058$991,726$1,757,863
57$1,994,282$1,141,419$953,663$1,837,425
58$2,124,168$1,123,817$912,079$1,923,247
59$2,264,985$1,103,036$866,785$2,015,962
60$2,417,776$1,078,847$817,586$2,116,266
61$2,583,688$1,051,009$764,273$2,224,928
62$2,763,980$1,019,265$706,632$2,342,798
63$2,960,040$983,343$644,439$2,470,815
64$3,173,394$942,956$577,457$2,610,017
65$3,405,719$897,801$505,441$2,761,549
66$3,658,864$847,554$428,135$2,926,676
67$3,934,861$791,878$345,270$3,106,795
68$4,235,948$730,411$256,568$3,303,449
69$4,564,587$662,773$161,735$3,518,341
70$4,923,490$588,564$60,468$3,753,353
71$5,315,640$507,357$0$4,010,559
72$5,744,322$418,705$0$4,300,889
73$6,213,155$322,134$0$4,630,503
74$6,726,120$217,142$0$4,991,278
75$7,287,604$103,201$0$5,386,362
76$7,902,434$0$0$5,819,229
77$8,575,929$0$0$6,297,268
78$9,313,946$0$0$6,841,082
79$10,122,933$0$0$7,437,263
80$11,009,994$0$0$8,091,053
81$11,982,952$0$0$8,808,228
82$13,050,426$0$0$9,595,150
83$14,221,906$0$0$10,458,825
84$15,507,848$0$0$11,406,971
85$16,919,768$0$0$12,448,090
86$18,470,352$0$0$13,591,549
87$20,173,577$0$0$14,847,663
88$22,044,836$0$0$16,227,799
89$24,101,091$0$0$17,744,478
90$26,361,026$0$0$19,411,493
91$28,845,226$0$0$21,244,042
92$31,576,368$0$0$23,258,867
93$34,579,438$0$0$25,474,413
94$37,881,963$0$0$27,911,005
95$41,514,271$0$0$30,591,033
96$45,509,777$0$0$33,539,166
97$49,905,299$0$0$36,782,585
98$54,741,399$0$0$40,351,240
99$60,062,773$0$0$44,278,128
100$65,918,667$0$0$48,599,607