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%17.8%
1 years$97,443$96,575$95,728$94,902$94,095$91,119
2 years$48,239$47,341$46,470$45,626$44,807$41,836
3 years$31,840$30,938$30,069$29,233$28,427$25,555
4 years$23,642$22,743$21,883$21,061$20,275$17,522
5 years$18,725$17,830$16,982$16,177$15,413$12,787
6 years$15,447$14,560$13,724$12,937$12,195$9,699
7 years$13,107$12,227$11,405$10,636$9,918$7,551
8 years$11,353$10,481$9,672$8,922$8,228$5,989
9 years$9,989$9,126$8,331$7,600$6,929$4,815
10 years$8,899$8,044$7,263$6,551$5,904$3,912
11 years$8,008$7,161$6,394$5,701$5,078$3,204
12 years$7,265$6,427$5,675$5,001$4,400$2,641
13 years$6,638$5,808$5,070$4,415$3,837$2,188
14 years$6,100$5,280$4,555$3,919$3,364$1,821
15 years$5,635$4,823$4,113$3,495$2,962$1,520
16 years$5,228$4,425$3,729$3,130$2,617$1,272
17 years$4,869$4,075$3,393$2,812$2,321$1,067
18 years$4,551$3,766$3,097$2,534$2,064$897
19 years$4,266$3,490$2,836$2,290$1,839$755
20 years$4,010$3,243$2,602$2,074$1,643$637
21 years$3,779$3,021$2,394$1,882$1,470$537
22 years$3,569$2,820$2,206$1,711$1,318$454
23 years$3,378$2,637$2,037$1,558$1,183$384
24 years$3,203$2,471$1,884$1,421$1,063$324
25 years$3,042$2,319$1,745$1,298$957$275
26 years$2,894$2,179$1,618$1,187$862$233
27 years$2,757$2,051$1,503$1,086$777$197
28 years$2,630$1,933$1,397$995$701$167
29 years$2,512$1,823$1,300$913$633$141
30 years$2,402$1,722$1,211$838$572$120
31 years$2,299$1,628$1,129$769$517$102
32 years$2,203$1,540$1,053$707$468$86
33 years$2,113$1,459$983$650$423$73
34 years$2,029$1,382$919$598$383$62
35 years$1,949$1,311$859$551$347$53
36 years$1,874$1,245$804$507$315$45
37 years$1,803$1,182$752$467$285$38
38 years$1,736$1,123$704$431$258$32
39 years$1,673$1,068$660$397$234$27
40 years$1,613$1,016$619$366$213$23
41 years$1,556$967$580$338$193$20
42 years$1,502$921$544$312$175$17
43 years$1,451$878$511$288$159$14
44 years$1,402$837$479$266$144$12
45 years$1,355$798$450$246$131$10
46 years$1,311$761$423$227$119$9
47 years$1,269$726$397$210$108$7
48 years$1,228$693$373$194$98$6
49 years$1,189$662$351$179$89$5
50 years$1,152$633$330$165$81$4

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 $2,335 every year, while hoping to spend $27,346 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: 47/35/18 Blend
48$1,180,000$1,180,000$1,180,000$1,180,000
49$1,302,769$1,240,229$1,221,939$1,357,252
50$1,406,555$1,271,904$1,233,778$1,427,080
51$1,520,011$1,304,215$1,245,097$1,499,877
52$1,644,094$1,337,163$1,255,850$1,578,309
53$1,779,859$1,370,751$1,265,987$1,662,914
54$1,928,466$1,404,979$1,275,459$1,754,284
55$2,091,193$1,439,847$1,284,211$1,853,070
56$2,269,448$1,475,352$1,292,185$1,959,991
57$2,464,781$1,511,494$1,299,322$2,075,838
58$2,678,899$1,548,268$1,305,560$2,201,481
59$2,913,682$1,585,669$1,310,832$2,337,881
60$3,171,202$1,623,691$1,315,070$2,486,095
61$3,453,740$1,662,326$1,318,199$2,647,288
62$3,763,806$1,701,566$1,320,144$2,822,744
63$4,104,170$1,741,398$1,320,824$3,013,878
64$4,477,880$1,781,810$1,320,156$3,222,248
65$4,888,292$1,822,788$1,318,050$3,449,571
66$5,339,108$1,864,314$1,314,415$3,697,740
67$5,834,401$1,906,370$1,309,152$3,968,841
68$6,378,661$1,948,934$1,302,160$4,265,172
69$6,976,835$1,991,981$1,293,332$4,589,266
70$7,634,369$2,035,486$1,282,556$4,943,916
71$8,357,268$2,079,418$1,269,715$5,332,196
72$9,152,145$2,123,745$1,254,686$5,757,498
73$10,026,286$2,168,431$1,237,340$6,223,559
74$10,987,719$2,213,435$1,217,543$6,734,497
75$12,045,289$2,258,716$1,195,153$7,294,852
76$13,208,740$2,304,225$1,170,023$7,909,625
77$14,488,812$2,349,912$1,141,998$8,584,332
78$15,897,332$2,395,720$1,110,917$9,325,048
79$17,447,338$2,441,588$1,076,611$10,138,472
80$19,153,192$2,487,451$1,038,902$11,031,986
81$21,030,718$2,533,237$997,606$12,013,725
82$23,097,356$2,578,870$952,530$13,092,658
83$25,372,317$2,624,266$903,471$14,278,668
84$27,876,774$2,669,335$850,218$15,582,649
85$30,634,055$2,713,983$792,551$17,016,607
86$33,669,865$2,758,104$730,237$18,593,774
87$37,012,529$2,801,588$663,037$20,328,736
88$40,693,256$2,844,316$590,699$22,237,568
89$44,746,440$2,886,159$512,958$24,337,986
90$49,209,976$2,926,980$429,542$26,649,518
91$54,125,623$2,966,632$340,162$29,193,685
92$59,539,398$3,004,958$244,519$31,994,207
93$65,502,007$3,041,791$142,300$35,077,227
94$72,069,323$3,076,951$33,179$38,471,560
95$79,302,919$3,110,246$0$42,208,960
96$87,270,640$3,141,472$0$46,340,422
97$96,047,253$3,170,410$0$50,896,367
98$105,715,142$3,196,830$0$55,913,001
99$116,365,095$3,220,483$0$61,437,255
100$128,097,153$3,241,106$0$67,520,848