Can I retire at age 49 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$94,140$93,302$92,483$91,685$90,905$87,367
2 years$46,604$45,736$44,895$44,079$43,288$39,767
3 years$30,761$29,889$29,050$28,242$27,464$24,069
4 years$22,841$21,972$21,141$20,347$19,587$16,346
5 years$18,090$17,226$16,406$15,628$14,890$11,810
6 years$14,924$14,066$13,259$12,498$11,782$8,865
7 years$12,663$11,813$11,018$10,275$9,582$6,827
8 years$10,968$10,126$9,344$8,620$7,949$5,354
9 years$9,651$8,816$8,048$7,342$6,694$4,255
10 years$8,597$7,771$7,017$6,329$5,704$3,416
11 years$7,736$6,918$6,177$5,508$4,906$2,763
12 years$7,019$6,209$5,482$4,831$4,251$2,249
13 years$6,413$5,612$4,898$4,265$3,707$1,839
14 years$5,893$5,101$4,401$3,786$3,250$1,510
15 years$5,444$4,660$3,973$3,377$2,861$1,244
16 years$5,051$4,275$3,602$3,023$2,529$1,027
17 years$4,704$3,937$3,278$2,717$2,242$849
18 years$4,397$3,638$2,992$2,448$1,994$704
19 years$4,122$3,372$2,739$2,212$1,777$584
20 years$3,874$3,133$2,514$2,004$1,587$485
21 years$3,651$2,918$2,313$1,818$1,420$404
22 years$3,448$2,724$2,131$1,653$1,273$336
23 years$3,264$2,548$1,968$1,506$1,143$280
24 years$3,094$2,387$1,820$1,373$1,027$233
25 years$2,939$2,240$1,686$1,254$924$194
26 years$2,796$2,106$1,563$1,147$833$162
27 years$2,664$1,982$1,452$1,050$751$135
28 years$2,541$1,867$1,350$962$677$113
29 years$2,427$1,762$1,256$882$612$94
30 years$2,321$1,664$1,170$809$553$79
31 years$2,221$1,573$1,091$743$500$66
32 years$2,129$1,488$1,018$683$452$55
33 years$2,042$1,409$950$628$409$46
34 years$1,960$1,336$888$578$370$38
35 years$1,883$1,267$830$532$335$32
36 years$1,811$1,202$776$490$304$27
37 years$1,742$1,142$727$451$275$22
38 years$1,678$1,085$681$416$250$19
39 years$1,616$1,032$638$384$226$16
40 years$1,559$982$598$354$205$13
41 years$1,504$935$560$327$186$11
42 years$1,451$890$526$301$169$9
43 years$1,402$848$493$278$153$8
44 years$1,354$808$463$257$139$6
45 years$1,309$771$435$237$126$5
46 years$1,267$735$408$219$115$4
47 years$1,226$702$384$202$104$4
48 years$1,186$670$360$187$95$3
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,140,000, adding $5,707 every year, while hoping to spend $59,869 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: 68/13/19 Blend
48$1,140,000$1,140,000$1,140,000$1,140,000
49$1,262,167$1,201,747$1,184,077$1,341,727
50$1,327,208$1,196,932$1,160,043$1,390,803
51$1,396,876$1,189,875$1,133,198$1,436,941
52$1,471,581$1,180,403$1,103,384$1,485,945
53$1,551,771$1,168,331$1,070,436$1,538,096
54$1,637,938$1,153,465$1,034,181$1,593,700
55$1,730,622$1,135,600$994,441$1,653,101
56$1,830,417$1,114,516$951,027$1,716,676
57$1,937,975$1,089,982$903,741$1,784,842
58$2,054,010$1,061,753$852,378$1,858,063
59$2,179,309$1,029,569$796,722$1,936,851
60$2,314,736$993,155$736,550$2,021,770
61$2,461,240$952,221$671,626$2,113,448
62$2,619,865$906,459$601,704$2,212,577
63$2,791,759$855,543$526,529$2,319,921
64$2,978,183$799,129$445,832$2,436,327
65$3,180,525$736,853$359,335$2,562,731
66$3,400,310$668,331$266,744$2,700,166
67$3,639,218$593,155$167,756$2,849,775
68$3,899,095$510,897$62,053$3,012,821
69$4,181,973$421,100$0$3,190,700
70$4,490,086$323,287$0$3,395,243
71$4,825,897$216,950$0$3,631,958
72$5,192,111$101,553$0$3,890,208
73$5,591,710$0$0$4,172,149
74$6,027,973$0$0$4,483,513
75$6,504,510$0$0$4,839,552
76$7,025,298$0$0$5,228,718
77$7,594,711$0$0$5,654,287
78$8,217,569$0$0$6,119,870
79$8,899,177$0$0$6,629,441
80$9,645,376$0$0$7,187,377
81$10,462,600$0$0$7,798,496
82$11,357,933$0$0$8,468,107
83$12,339,176$0$0$9,202,055
84$13,414,922$0$0$10,006,777
85$14,594,635$0$0$10,889,363
86$15,888,737$0$0$11,857,622
87$17,308,709$0$0$12,920,156
88$18,867,197$0$0$14,086,440
89$20,578,130$0$0$15,366,911
90$22,456,853$0$0$16,773,064
91$24,520,267$0$0$18,317,566
92$26,786,993$0$0$20,014,366
93$29,277,544$0$0$21,878,835
94$32,014,516$0$0$23,927,904
95$35,022,806$0$0$26,180,227
96$38,329,839$0$0$28,656,355
97$41,965,834$0$0$31,378,930
98$45,964,079$0$0$34,372,895
99$50,361,255$0$0$37,665,733
100$55,197,770$0$0$41,287,726