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%12.3%
1 years$94,140$93,302$92,483$91,685$90,905$90,031
2 years$46,604$45,736$44,895$44,079$43,288$42,407
3 years$30,761$29,889$29,050$28,242$27,464$26,604
4 years$22,841$21,972$21,141$20,347$19,587$18,755
5 years$18,090$17,226$16,406$15,628$14,890$14,088
6 years$14,924$14,066$13,259$12,498$11,782$11,010
7 years$12,663$11,813$11,018$10,275$9,582$8,842
8 years$10,968$10,126$9,344$8,620$7,949$7,240
9 years$9,651$8,816$8,048$7,342$6,694$6,016
10 years$8,597$7,771$7,017$6,329$5,704$5,056
11 years$7,736$6,918$6,177$5,508$4,906$4,288
12 years$7,019$6,209$5,482$4,831$4,251$3,663
13 years$6,413$5,612$4,898$4,265$3,707$3,148
14 years$5,893$5,101$4,401$3,786$3,250$2,718
15 years$5,444$4,660$3,973$3,377$2,861$2,357
16 years$5,051$4,275$3,602$3,023$2,529$2,051
17 years$4,704$3,937$3,278$2,717$2,242$1,790
18 years$4,397$3,638$2,992$2,448$1,994$1,566
19 years$4,122$3,372$2,739$2,212$1,777$1,374
20 years$3,874$3,133$2,514$2,004$1,587$1,207
21 years$3,651$2,918$2,313$1,818$1,420$1,062
22 years$3,448$2,724$2,131$1,653$1,273$936
23 years$3,264$2,548$1,968$1,506$1,143$826
24 years$3,094$2,387$1,820$1,373$1,027$729
25 years$2,939$2,240$1,686$1,254$924$645
26 years$2,796$2,106$1,563$1,147$833$570
27 years$2,664$1,982$1,452$1,050$751$505
28 years$2,541$1,867$1,350$962$677$448
29 years$2,427$1,762$1,256$882$612$397
30 years$2,321$1,664$1,170$809$553$352
31 years$2,221$1,573$1,091$743$500$312
32 years$2,129$1,488$1,018$683$452$277
33 years$2,042$1,409$950$628$409$246
34 years$1,960$1,336$888$578$370$219
35 years$1,883$1,267$830$532$335$194
36 years$1,811$1,202$776$490$304$173
37 years$1,742$1,142$727$451$275$154
38 years$1,678$1,085$681$416$250$137
39 years$1,616$1,032$638$384$226$121
40 years$1,559$982$598$354$205$108
41 years$1,504$935$560$327$186$96
42 years$1,451$890$526$301$169$85
43 years$1,402$848$493$278$153$76
44 years$1,354$808$463$257$139$68
45 years$1,309$771$435$237$126$60
46 years$1,267$735$408$219$115$54
47 years$1,226$702$384$202$104$48
48 years$1,186$670$360$187$95$42
49 years$1,149$640$339$173$86$38
50 years$1,113$611$319$160$78$34

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 $2,753 every year, while hoping to spend $30,987 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: 67/26/7 Blend
48$1,140,000$1,140,000$1,140,000$1,140,000
49$1,259,120$1,198,700$1,181,030$1,341,797
50$1,354,580$1,224,466$1,187,624$1,422,771
51$1,458,739$1,250,456$1,193,401$1,507,268
52$1,572,450$1,276,649$1,198,300$1,598,814
53$1,696,655$1,303,020$1,202,259$1,698,090
54$1,832,390$1,329,544$1,205,210$1,805,851
55$1,980,793$1,356,191$1,207,084$1,922,925
56$2,143,121$1,382,931$1,207,808$2,050,225
57$2,320,755$1,409,731$1,207,306$2,188,756
58$2,515,218$1,436,553$1,205,496$2,339,628
59$2,728,185$1,463,359$1,202,295$2,504,061
60$2,961,501$1,490,105$1,197,613$2,683,398
61$3,217,200$1,516,746$1,191,359$2,879,122
62$3,497,519$1,543,231$1,183,434$3,092,865
63$3,804,924$1,569,507$1,173,737$3,326,425
64$4,142,130$1,595,516$1,162,161$3,581,784
65$4,512,127$1,621,197$1,148,594$3,861,124
66$4,918,211$1,646,482$1,132,918$4,166,852
67$5,364,009$1,671,301$1,115,012$4,501,619
68$5,853,519$1,695,576$1,094,746$4,868,345
69$6,391,144$1,719,225$1,071,986$5,270,250
70$6,981,735$1,742,161$1,046,591$5,710,881
71$7,630,635$1,764,290$1,018,415$6,194,148
72$8,343,731$1,785,511$987,303$6,724,359
73$9,127,507$1,805,717$953,094$7,306,260
74$9,989,110$1,824,794$915,619$7,945,084
75$10,936,410$1,842,620$874,703$8,646,598
76$11,978,079$1,859,064$830,161$9,417,154
77$13,123,672$1,873,987$781,801$10,263,758
78$14,383,717$1,887,243$729,421$11,194,125
79$15,769,811$1,898,673$672,812$12,216,762
80$17,294,734$1,908,110$611,753$13,341,043
81$18,972,566$1,915,376$546,016$14,577,299
82$20,818,820$1,920,282$475,360$15,936,916
83$22,850,591$1,922,627$399,535$17,432,441
84$25,086,712$1,922,196$318,281$19,077,704
85$27,547,936$1,918,763$231,322$20,887,945
86$30,257,129$1,912,087$138,376$22,879,963
87$33,239,489$1,901,912$39,144$25,072,269
88$36,522,778$1,887,966$0$27,485,265
89$40,137,587$1,869,962$0$30,146,424
90$44,117,625$1,847,595$0$33,078,984
91$48,500,037$1,820,541$0$36,307,354
92$53,325,750$1,788,457$0$39,861,662
93$58,639,866$1,750,981$0$43,775,107
94$64,492,081$1,707,727$0$48,084,278
95$70,937,156$1,658,289$0$52,829,496
96$78,035,436$1,602,235$0$58,055,198
97$85,853,415$1,539,109$0$63,810,356
98$94,464,366$1,468,428$0$70,148,938
99$103,949,032$1,389,682$0$77,130,420
100$114,396,388$1,302,330$0$84,820,349