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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$95,792$94,938$94,106$93,293$92,500$91,802
2 years$47,422$46,538$45,683$44,853$44,048$43,344
3 years$31,300$30,413$29,560$28,738$27,946$27,258
4 years$23,241$22,357$21,512$20,704$19,931$19,264
5 years$18,407$17,528$16,694$15,902$15,151$14,508
6 years$15,185$14,313$13,491$12,717$11,989$11,370
7 years$12,885$12,020$11,211$10,456$9,750$9,155
8 years$11,161$10,303$9,508$8,771$8,089$7,518
9 years$9,820$8,971$8,189$7,471$6,812$6,266
10 years$8,748$7,908$7,140$6,440$5,804$5,282
11 years$7,872$7,040$6,286$5,605$4,992$4,493
12 years$7,142$6,318$5,578$4,916$4,326$3,850
13 years$6,525$5,710$4,984$4,340$3,772$3,320
14 years$5,997$5,190$4,478$3,853$3,307$2,876
15 years$5,539$4,741$4,043$3,436$2,911$2,502
16 years$5,139$4,350$3,666$3,077$2,573$2,185
17 years$4,787$4,006$3,336$2,764$2,281$1,914
18 years$4,474$3,702$3,045$2,491$2,029$1,680
19 years$4,194$3,431$2,788$2,251$1,808$1,479
20 years$3,942$3,188$2,558$2,039$1,615$1,304
21 years$3,715$2,970$2,353$1,850$1,445$1,152
22 years$3,509$2,772$2,169$1,682$1,295$1,019
23 years$3,321$2,593$2,002$1,532$1,163$902
24 years$3,149$2,429$1,852$1,397$1,045$800
25 years$2,991$2,280$1,715$1,276$941$710
26 years$2,845$2,143$1,591$1,167$847$631
27 years$2,710$2,016$1,477$1,068$764$561
28 years$2,585$1,900$1,373$979$689$499
29 years$2,469$1,792$1,278$897$622$444
30 years$2,361$1,693$1,190$824$562$395
31 years$2,260$1,600$1,110$756$508$352
32 years$2,166$1,514$1,035$695$460$314
33 years$2,077$1,434$967$639$416$280
34 years$1,994$1,359$903$588$377$250
35 years$1,916$1,289$844$541$341$223
36 years$1,842$1,223$790$499$309$199
37 years$1,773$1,162$739$459$280$178
38 years$1,707$1,104$692$423$254$159
39 years$1,645$1,050$649$390$230$142
40 years$1,586$999$608$360$209$127
41 years$1,530$951$570$332$190$113
42 years$1,477$906$535$307$172$101
43 years$1,426$863$502$283$156$90
44 years$1,378$823$471$261$142$81
45 years$1,332$784$442$241$129$72
46 years$1,289$748$415$223$117$64
47 years$1,247$714$390$206$106$58
48 years$1,207$682$367$190$96$51
49 years$1,169$651$345$176$87$46
50 years$1,133$622$324$163$79$41

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 $4,383 every year, while hoping to spend $46,940 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: 87/6/7 Blend
48$1,160,000$1,160,000$1,160,000$1,160,000
49$1,282,841$1,221,361$1,203,381$1,393,417
50$1,363,747$1,231,264$1,193,751$1,476,032
51$1,451,332$1,240,079$1,182,224$1,559,873
52$1,546,228$1,247,703$1,168,689$1,650,507
53$1,649,130$1,254,027$1,153,026$1,748,585
54$1,760,801$1,258,934$1,135,112$1,854,823
55$1,882,081$1,262,300$1,114,817$1,970,011
56$2,013,895$1,263,994$1,092,005$2,095,015
57$2,157,259$1,263,876$1,066,534$2,230,792
58$2,313,291$1,261,798$1,038,254$2,378,393
59$2,483,222$1,257,602$1,007,011$2,538,978
60$2,668,407$1,251,120$972,642$2,713,823
61$2,870,335$1,242,176$934,976$2,904,333
62$3,090,646$1,230,580$893,836$3,112,057
63$3,331,147$1,216,133$849,034$3,338,699
64$3,593,825$1,198,625$800,377$3,586,138
65$3,880,867$1,177,829$747,662$3,856,442
66$4,194,683$1,153,510$690,676$4,151,892
67$4,537,923$1,125,414$629,196$4,474,997
68$4,913,509$1,093,277$562,992$4,828,524
69$5,324,654$1,056,816$491,820$5,215,521
70$5,774,901$1,015,732$415,428$5,639,345
71$6,268,148$969,709$333,551$6,103,695
72$6,808,688$918,414$245,914$6,612,648
73$7,401,251$861,493$152,229$7,170,694
74$8,051,044$798,572$52,195$7,782,781
75$8,763,805$729,256$0$8,454,363
76$9,545,851$653,128$0$9,195,523
77$10,404,143$569,746$0$10,013,229
78$11,346,345$478,644$0$10,910,901
79$12,380,903$379,328$0$11,896,604
80$13,517,119$271,279$0$12,979,223
81$14,765,240$153,946$0$14,168,547
82$16,136,554$26,749$0$15,475,365
83$17,643,498$0$0$16,911,559
84$19,299,773$0$0$18,497,549
85$21,120,471$0$0$20,242,939
86$23,122,223$0$0$22,161,906
87$25,323,348$0$0$24,272,015
88$27,744,032$0$0$26,592,616
89$30,406,513$0$0$29,145,033
90$33,335,294$0$0$31,952,754
91$36,557,370$0$0$35,041,664
92$40,102,488$0$0$38,440,279
93$44,003,421$0$0$42,180,020
94$48,296,278$0$0$46,295,508
95$53,020,849$0$0$50,824,889
96$58,220,974$0$0$55,810,195
97$63,944,960$0$0$61,297,739
98$70,246,034$0$0$67,338,551
99$77,182,846$0$0$73,988,863
100$84,820,023$0$0$81,310,633