Can I retire at age 49 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$94,966$94,120$93,295$92,489$91,703$89,558
2 years$47,013$46,137$45,289$44,466$43,668$41,520
3 years$31,031$30,151$29,305$28,490$27,705$25,620
4 years$23,041$22,164$21,326$20,525$19,759$17,754
5 years$18,248$17,377$16,550$15,765$15,021$13,100
6 years$15,055$14,190$13,375$12,608$11,885$10,052
7 years$12,774$11,916$11,115$10,365$9,666$7,919
8 years$11,064$10,215$9,426$8,695$8,019$6,359
9 years$9,735$8,894$8,119$7,407$6,753$5,178
10 years$8,673$7,839$7,078$6,384$5,754$4,263
11 years$7,804$6,979$6,231$5,556$4,949$3,539
12 years$7,081$6,264$5,530$4,874$4,288$2,957
13 years$6,469$5,661$4,941$4,303$3,739$2,485
14 years$5,945$5,145$4,439$3,820$3,278$2,098
15 years$5,491$4,700$4,008$3,406$2,886$1,777
16 years$5,095$4,313$3,634$3,050$2,551$1,510
17 years$4,745$3,972$3,307$2,740$2,262$1,286
18 years$4,435$3,670$3,019$2,470$2,011$1,098
19 years$4,158$3,401$2,763$2,232$1,792$939
20 years$3,908$3,161$2,536$2,021$1,601$804
21 years$3,683$2,944$2,333$1,834$1,433$690
22 years$3,479$2,748$2,150$1,668$1,284$592
23 years$3,292$2,570$1,985$1,519$1,153$509
24 years$3,122$2,408$1,836$1,385$1,036$438
25 years$2,965$2,260$1,700$1,265$932$377
26 years$2,820$2,124$1,577$1,157$840$325
27 years$2,687$1,999$1,464$1,059$757$280
28 years$2,563$1,884$1,361$970$683$241
29 years$2,448$1,777$1,267$890$617$208
30 years$2,341$1,678$1,180$816$557$179
31 years$2,241$1,586$1,100$750$504$155
32 years$2,147$1,501$1,026$689$456$133
33 years$2,059$1,422$958$634$413$115
34 years$1,977$1,347$895$583$374$99
35 years$1,900$1,278$837$537$338$86
36 years$1,826$1,213$783$494$307$74
37 years$1,758$1,152$733$455$278$64
38 years$1,692$1,095$686$420$252$55
39 years$1,631$1,041$643$387$228$48
40 years$1,572$990$603$357$207$41
41 years$1,517$943$565$329$188$36
42 years$1,464$898$530$304$171$31
43 years$1,414$856$498$281$155$27
44 years$1,366$816$467$259$141$23
45 years$1,321$778$439$239$128$20
46 years$1,278$742$412$221$116$17
47 years$1,236$708$387$204$105$15
48 years$1,197$676$364$189$96$13
49 years$1,159$645$342$174$87$11
50 years$1,123$617$321$161$79$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,150,000, adding $6,213 every year, while hoping to spend $55,072 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: 28/42/30 Blend
48$1,150,000$1,150,000$1,150,000$1,150,000
49$1,273,709$1,212,759$1,194,934$1,297,443
50$1,345,031$1,213,588$1,176,368$1,317,906
51$1,421,782$1,212,612$1,155,334$1,334,746
52$1,504,458$1,209,684$1,131,692$1,351,749
53$1,593,603$1,204,648$1,105,294$1,368,969
54$1,689,815$1,197,341$1,075,986$1,386,469
55$1,793,751$1,187,585$1,043,606$1,404,326
56$1,906,133$1,175,196$1,007,986$1,422,628
57$2,027,755$1,159,977$968,950$1,441,479
58$2,159,488$1,141,719$926,313$1,460,999
59$2,302,294$1,120,201$879,882$1,481,326
60$2,457,225$1,095,188$829,455$1,502,621
61$2,625,442$1,066,432$774,822$1,525,067
62$2,808,221$1,033,671$715,763$1,548,874
63$3,006,966$996,627$652,047$1,574,281
64$3,223,220$955,006$583,434$1,601,561
65$3,458,683$908,496$509,674$1,631,023
66$3,715,224$856,767$430,503$1,663,018
67$3,994,900$799,472$345,648$1,697,942
68$4,299,977$736,243$254,824$1,736,244
69$4,632,945$666,689$157,731$1,778,428
70$4,996,549$590,400$54,058$1,825,064
71$5,393,808$506,941$0$1,876,790
72$5,828,047$415,852$0$1,952,436
73$6,302,927$316,648$0$2,054,342
74$6,822,478$208,816$0$2,166,201
75$7,391,137$91,815$0$2,289,144
76$8,013,793$0$0$2,424,425
77$8,695,824$0$0$2,589,580
78$9,443,159$0$0$2,817,229
79$10,262,323$0$0$3,066,949
80$11,160,505$0$0$3,340,955
81$12,145,621$0$0$3,641,686
82$13,226,392$0$0$3,971,831
83$14,412,421$0$0$4,334,349
84$15,714,289$0$0$4,732,502
85$17,143,650$0$0$5,169,882
86$18,713,340$0$0$5,650,446
87$20,437,501$0$0$6,178,556
88$22,331,711$0$0$6,759,013
89$24,413,133$0$0$7,397,109
90$26,700,673$0$0$8,098,674
91$29,215,160$0$0$8,870,132
92$31,979,542$0$0$9,718,558
93$35,019,101$0$0$10,651,749
94$38,361,690$0$0$11,678,295
95$42,037,999$0$0$12,807,662
96$46,081,839$0$0$14,050,276
97$50,530,463$0$0$15,417,628
98$55,424,918$0$0$16,922,379
99$60,810,428$0$0$18,578,476
100$66,736,824$0$0$20,401,291