Can I retire at age 49 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$95,792$94,938$94,106$93,293$92,500$89,899
2 years$47,422$46,538$45,683$44,853$44,048$41,447
3 years$31,300$30,413$29,560$28,738$27,946$25,427
4 years$23,241$22,357$21,512$20,704$19,931$17,514
5 years$18,407$17,528$16,694$15,902$15,151$12,842
6 years$15,185$14,313$13,491$12,717$11,989$9,789
7 years$12,885$12,020$11,211$10,456$9,750$7,660
8 years$11,161$10,303$9,508$8,771$8,089$6,108
9 years$9,820$8,971$8,189$7,471$6,812$4,938
10 years$8,748$7,908$7,140$6,440$5,804$4,034
11 years$7,872$7,040$6,286$5,605$4,992$3,324
12 years$7,142$6,318$5,578$4,916$4,326$2,756
13 years$6,525$5,710$4,984$4,340$3,772$2,297
14 years$5,997$5,190$4,478$3,853$3,307$1,923
15 years$5,539$4,741$4,043$3,436$2,911$1,616
16 years$5,139$4,350$3,666$3,077$2,573$1,361
17 years$4,787$4,006$3,336$2,764$2,281$1,149
18 years$4,474$3,702$3,045$2,491$2,029$973
19 years$4,194$3,431$2,788$2,251$1,808$824
20 years$3,942$3,188$2,558$2,039$1,615$700
21 years$3,715$2,970$2,353$1,850$1,445$595
22 years$3,509$2,772$2,169$1,682$1,295$506
23 years$3,321$2,593$2,002$1,532$1,163$431
24 years$3,149$2,429$1,852$1,397$1,045$367
25 years$2,991$2,280$1,715$1,276$941$313
26 years$2,845$2,143$1,591$1,167$847$267
27 years$2,710$2,016$1,477$1,068$764$228
28 years$2,585$1,900$1,373$979$689$194
29 years$2,469$1,792$1,278$897$622$166
30 years$2,361$1,693$1,190$824$562$142
31 years$2,260$1,600$1,110$756$508$121
32 years$2,166$1,514$1,035$695$460$103
33 years$2,077$1,434$967$639$416$88
34 years$1,994$1,359$903$588$377$76
35 years$1,916$1,289$844$541$341$65
36 years$1,842$1,223$790$499$309$55
37 years$1,773$1,162$739$459$280$47
38 years$1,707$1,104$692$423$254$40
39 years$1,645$1,050$649$390$230$35
40 years$1,586$999$608$360$209$30
41 years$1,530$951$570$332$190$25
42 years$1,477$906$535$307$172$22
43 years$1,426$863$502$283$156$18
44 years$1,378$823$471$261$142$16
45 years$1,332$784$442$241$129$14
46 years$1,289$748$415$223$117$12
47 years$1,247$714$390$206$106$10
48 years$1,207$682$367$190$96$8
49 years$1,169$651$345$176$87$7
50 years$1,133$622$324$163$79$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,160,000, adding $6,000 every year, while hoping to spend $59,582 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: 38/39/23 Blend
48$1,160,000$1,160,000$1,160,000$1,160,000
49$1,284,509$1,223,029$1,205,049$1,324,295
50$1,352,134$1,219,563$1,182,023$1,350,285
51$1,424,660$1,213,929$1,156,229$1,372,351
52$1,502,524$1,205,960$1,127,512$1,395,006
53$1,586,205$1,195,476$1,095,707$1,418,338
54$1,676,230$1,182,287$1,060,645$1,442,450
55$1,773,177$1,166,190$1,022,148$1,467,460
56$1,877,680$1,146,973$980,030$1,493,501
57$1,990,438$1,124,409$934,095$1,520,727
58$2,112,215$1,098,258$884,140$1,549,312
59$2,243,855$1,068,266$829,952$1,579,454
60$2,386,282$1,034,165$771,309$1,611,380
61$2,540,514$995,670$707,979$1,645,341
62$2,707,668$952,479$639,718$1,681,628
63$2,888,975$904,275$566,273$1,720,563
64$3,085,786$850,721$487,380$1,762,512
65$3,299,590$791,460$402,760$1,807,888
66$3,532,021$726,115$312,126$1,857,152
67$3,784,881$654,288$215,176$1,910,824
68$4,060,149$575,558$111,594$1,969,486
69$4,360,005$489,481$1,053$2,033,791
70$4,686,846$395,586$0$2,104,470
71$5,043,311$293,377$0$2,211,031
72$5,432,306$182,330$0$2,327,836
73$5,857,028$61,890$0$2,455,740
74$6,320,996$0$0$2,595,975
75$6,828,085$0$0$2,779,320
76$7,382,561$0$0$3,008,992
77$7,989,121$0$0$3,260,395
78$8,652,936$0$0$3,535,693
79$9,379,702$0$0$3,837,267
80$10,175,689$0$0$4,167,742
81$11,047,804$0$0$4,530,005
82$12,003,651$0$0$4,927,240
83$13,051,607$0$0$5,362,951
84$14,200,898$0$0$5,840,998
85$15,461,684$0$0$6,365,633
86$16,845,158$0$0$6,941,540
87$18,363,647$0$0$7,573,877
88$20,030,731$0$0$8,268,329
89$21,861,368$0$0$9,031,155
90$23,872,037$0$0$9,869,251
91$26,080,889$0$0$10,790,217
92$28,507,922$0$0$11,802,422
93$31,175,166$0$0$12,915,087
94$34,106,891$0$0$14,138,372
95$37,329,836$0$0$15,483,469
96$40,873,459$0$0$16,962,710
97$44,770,214$0$0$18,589,681
98$49,055,859$0$0$20,379,352
99$53,769,792$0$0$22,348,215
100$58,955,418$0$0$24,514,443