Can I retire at age 49 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$97,443$96,575$95,728$94,902$94,095$92,007
2 years$48,239$47,341$46,470$45,626$44,807$42,715
3 years$31,840$30,938$30,069$29,233$28,427$26,395
4 years$23,642$22,743$21,883$21,061$20,275$18,319
5 years$18,725$17,830$16,982$16,177$15,413$13,538
6 years$15,447$14,560$13,724$12,937$12,195$10,405
7 years$13,107$12,227$11,405$10,636$9,918$8,212
8 years$11,353$10,481$9,672$8,922$8,228$6,605
9 years$9,989$9,126$8,331$7,600$6,929$5,388
10 years$8,899$8,044$7,263$6,551$5,904$4,444
11 years$8,008$7,161$6,394$5,701$5,078$3,696
12 years$7,265$6,427$5,675$5,001$4,400$3,095
13 years$6,638$5,808$5,070$4,415$3,837$2,606
14 years$6,100$5,280$4,555$3,919$3,364$2,204
15 years$5,635$4,823$4,113$3,495$2,962$1,871
16 years$5,228$4,425$3,729$3,130$2,617$1,593
17 years$4,869$4,075$3,393$2,812$2,321$1,360
18 years$4,551$3,766$3,097$2,534$2,064$1,164
19 years$4,266$3,490$2,836$2,290$1,839$998
20 years$4,010$3,243$2,602$2,074$1,643$856
21 years$3,779$3,021$2,394$1,882$1,470$736
22 years$3,569$2,820$2,206$1,711$1,318$634
23 years$3,378$2,637$2,037$1,558$1,183$546
24 years$3,203$2,471$1,884$1,421$1,063$471
25 years$3,042$2,319$1,745$1,298$957$406
26 years$2,894$2,179$1,618$1,187$862$350
27 years$2,757$2,051$1,503$1,086$777$303
28 years$2,630$1,933$1,397$995$701$262
29 years$2,512$1,823$1,300$913$633$226
30 years$2,402$1,722$1,211$838$572$195
31 years$2,299$1,628$1,129$769$517$169
32 years$2,203$1,540$1,053$707$468$146
33 years$2,113$1,459$983$650$423$127
34 years$2,029$1,382$919$598$383$110
35 years$1,949$1,311$859$551$347$95
36 years$1,874$1,245$804$507$315$82
37 years$1,803$1,182$752$467$285$71
38 years$1,736$1,123$704$431$258$62
39 years$1,673$1,068$660$397$234$53
40 years$1,613$1,016$619$366$213$46
41 years$1,556$967$580$338$193$40
42 years$1,502$921$544$312$175$35
43 years$1,451$878$511$288$159$30
44 years$1,402$837$479$266$144$26
45 years$1,355$798$450$246$131$23
46 years$1,311$761$423$227$119$20
47 years$1,269$726$397$210$108$17
48 years$1,228$693$373$194$98$15
49 years$1,189$662$351$179$89$13
50 years$1,152$633$330$165$81$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,180,000, adding $6,299 every year, while hoping to spend $32,084 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: 40/35/25 Blend
48$1,180,000$1,180,000$1,180,000$1,180,000
49$1,306,857$1,244,317$1,226,027$1,349,258
50$1,406,020$1,271,152$1,232,962$1,407,308
51$1,514,221$1,298,226$1,239,054$1,466,588
52$1,632,350$1,325,517$1,244,241$1,530,093
53$1,761,384$1,353,002$1,248,457$1,598,228
54$1,902,399$1,380,653$1,251,634$1,671,439
55$2,056,581$1,408,442$1,253,701$1,750,219
56$2,225,233$1,436,336$1,254,581$1,835,113
57$2,409,793$1,464,303$1,254,195$1,926,721
58$2,611,841$1,492,303$1,252,460$2,025,705
59$2,833,121$1,520,298$1,249,289$2,132,795
60$3,075,549$1,548,242$1,244,590$2,248,798
61$3,341,239$1,576,090$1,238,268$2,374,602
62$3,632,516$1,603,789$1,230,221$2,511,188
63$3,951,944$1,631,286$1,220,345$2,659,639
64$4,302,344$1,658,521$1,208,528$2,821,148
65$4,686,825$1,685,430$1,194,655$2,997,033
66$5,108,811$1,711,946$1,178,606$3,188,746
67$5,572,072$1,737,994$1,160,252$3,397,890
68$6,080,765$1,763,497$1,139,462$3,626,235
69$6,639,465$1,788,371$1,116,096$3,875,730
70$7,253,215$1,812,525$1,090,009$4,148,527
71$7,927,567$1,835,863$1,061,049$4,447,000
72$8,668,640$1,858,282$1,029,056$4,773,766
73$9,483,176$1,879,672$993,863$5,131,715
74$10,378,600$1,899,915$955,297$5,524,032
75$11,363,093$1,918,887$913,176$5,954,229
76$12,445,670$1,936,454$867,309$6,426,182
77$13,636,261$1,952,473$817,496$6,944,166
78$14,945,808$1,966,793$763,531$7,512,893
79$16,386,366$1,979,252$705,195$8,137,563
80$17,971,218$1,989,678$642,262$8,823,909
81$19,714,999$1,997,888$574,494$9,578,253
82$21,633,832$2,003,688$501,643$10,407,568
83$23,745,485$2,006,872$423,451$11,319,543
84$26,069,535$2,007,219$339,646$12,322,657
85$28,627,551$2,004,496$249,948$13,426,260
86$31,443,301$1,998,456$154,061$14,640,661
87$34,542,973$1,988,835$51,677$15,977,229
88$37,955,424$1,975,356$0$17,448,498
89$41,712,451$1,957,722$0$19,083,650
90$45,849,090$1,935,619$0$20,898,274
91$50,403,948$1,908,716$0$22,895,463
92$55,419,567$1,876,659$0$25,093,842
93$60,942,822$1,839,075$0$27,513,934
94$67,025,370$1,795,569$0$30,178,364
95$73,724,128$1,745,722$0$33,112,067
96$81,101,818$1,689,091$0$36,342,527
97$89,227,554$1,625,207$0$39,900,036
98$98,177,495$1,553,573$0$43,817,983
99$108,035,566$1,473,665$0$48,133,167
100$118,894,244$1,384,925$0$52,886,148