Can I retire at age 49 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$96,618$95,757$94,917$94,098$93,297$92,055
2 years$47,830$46,940$46,076$45,239$44,427$43,178
3 years$31,570$30,676$29,814$28,985$28,187$26,969
4 years$23,442$22,550$21,697$20,882$20,103$18,926
5 years$18,566$17,679$16,838$16,040$15,282$14,149
6 years$15,316$14,436$13,608$12,827$12,092$11,005
7 years$12,996$12,124$11,308$10,546$9,834$8,793
8 years$11,257$10,392$9,590$8,847$8,158$7,163
9 years$9,905$9,048$8,260$7,535$6,870$5,921
10 years$8,824$7,976$7,201$6,496$5,854$4,949
11 years$7,940$7,100$6,340$5,653$5,035$4,174
12 years$7,204$6,373$5,626$4,958$4,363$3,545
13 years$6,581$5,759$5,027$4,378$3,805$3,029
14 years$6,048$5,235$4,517$3,886$3,335$2,600
15 years$5,587$4,782$4,078$3,466$2,936$2,241
16 years$5,184$4,388$3,697$3,103$2,595$1,938
17 years$4,828$4,041$3,364$2,788$2,301$1,681
18 years$4,512$3,734$3,071$2,513$2,046$1,461
19 years$4,230$3,461$2,812$2,270$1,824$1,273
20 years$3,976$3,216$2,580$2,056$1,629$1,111
21 years$3,747$2,995$2,373$1,866$1,458$971
22 years$3,539$2,796$2,187$1,697$1,307$850
23 years$3,350$2,615$2,020$1,545$1,173$745
24 years$3,176$2,450$1,868$1,409$1,054$653
25 years$3,016$2,299$1,730$1,287$949$573
26 years$2,869$2,161$1,605$1,177$855$504
27 years$2,734$2,034$1,490$1,077$770$443
28 years$2,608$1,916$1,385$987$695$390
29 years$2,491$1,808$1,289$905$628$343
30 years$2,382$1,707$1,201$831$567$302
31 years$2,280$1,614$1,119$763$513$266
32 years$2,185$1,527$1,044$701$464$234
33 years$2,095$1,446$975$645$420$207
34 years$2,011$1,371$911$593$380$182
35 years$1,933$1,300$852$546$344$161
36 years$1,858$1,234$797$503$312$142
37 years$1,788$1,172$746$463$283$125
38 years$1,722$1,114$698$427$256$110
39 years$1,659$1,059$654$394$232$97
40 years$1,600$1,008$613$363$211$86
41 years$1,543$959$575$335$191$76
42 years$1,490$914$539$309$174$67
43 years$1,439$870$506$286$157$59
44 years$1,390$830$475$264$143$52
45 years$1,344$791$446$243$130$46
46 years$1,300$755$419$225$118$41
47 years$1,258$720$394$208$107$36
48 years$1,218$688$370$192$97$32
49 years$1,179$657$348$177$88$28
50 years$1,142$627$327$164$80$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,170,000, adding $5,924 every year, while hoping to spend $43,040 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: 75/12/13 Blend
48$1,170,000$1,170,000$1,170,000$1,170,000
49$1,295,451$1,233,441$1,215,306$1,388,708
50$1,381,792$1,248,085$1,210,224$1,465,732
51$1,475,498$1,262,004$1,203,530$1,544,158
52$1,577,275$1,275,118$1,195,123$1,628,926
53$1,687,897$1,287,339$1,184,901$1,720,654
54$1,808,220$1,298,576$1,172,752$1,820,020
55$1,939,182$1,308,731$1,158,563$1,927,774
56$2,081,819$1,317,698$1,142,215$2,044,742
57$2,237,267$1,325,368$1,123,581$2,171,832
58$2,406,778$1,331,620$1,102,531$2,310,047
59$2,591,730$1,336,331$1,078,927$2,460,493
60$2,793,641$1,339,366$1,052,626$2,624,385
61$3,014,180$1,340,582$1,023,476$2,803,068
62$3,255,184$1,339,828$991,320$2,998,019
63$3,518,678$1,336,945$955,995$3,210,869
64$3,806,890$1,331,762$917,327$3,443,416
65$4,122,272$1,324,098$875,137$3,697,639
66$4,467,526$1,313,761$829,237$3,975,723
67$4,845,627$1,300,549$779,430$4,280,074
68$5,259,850$1,284,245$725,510$4,613,344
69$5,713,803$1,264,621$667,263$4,978,459
70$6,211,459$1,241,435$604,464$5,378,641
71$6,757,194$1,214,431$536,879$5,817,444
72$7,355,826$1,183,337$464,263$6,298,783
73$8,012,665$1,147,866$386,361$6,826,977
74$8,733,558$1,107,712$302,905$7,406,783
75$9,524,946$1,062,555$213,617$8,043,447
76$10,393,923$1,012,052$118,205$8,742,752
77$11,348,304$955,844$16,367$9,511,070
78$12,396,700$893,549$0$10,355,428
79$13,548,594$824,764$0$11,296,374
80$14,814,436$749,063$0$12,332,894
81$16,205,736$665,994$0$13,472,173
82$17,735,176$575,083$0$14,724,631
83$19,416,727$475,825$0$16,101,753
84$21,265,782$367,689$0$17,616,194
85$23,299,300$250,114$0$19,281,899
86$25,535,965$122,506$0$21,114,236
87$27,996,365$0$0$23,130,142
88$30,703,181$0$0$25,350,360
89$33,681,404$0$0$27,811,048
90$36,958,572$0$0$30,518,788
91$40,565,022$0$0$33,498,654
92$44,534,186$0$0$36,778,275
93$48,902,898$0$0$40,388,095
94$53,711,744$0$0$44,361,657
95$59,005,447$0$0$48,735,922
96$64,833,283$0$0$53,551,618
97$71,249,550$0$0$58,853,621
98$78,314,080$0$0$64,691,380
99$86,092,800$0$0$71,119,383
100$94,658,356$0$0$78,197,671