Can I retire at age 49 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$98,269$97,394$96,540$95,706$94,892$91,091
2 years$48,648$47,742$46,864$46,013$45,187$41,405
3 years$32,110$31,200$30,324$29,481$28,668$25,025
4 years$23,842$22,935$22,068$21,239$20,447$16,969
5 years$18,883$17,982$17,126$16,314$15,543$12,241
6 years$15,578$14,683$13,840$13,046$12,299$9,173
7 years$13,218$12,331$11,501$10,726$10,002$7,053
8 years$11,449$10,570$9,754$8,998$8,298$5,521
9 years$10,074$9,203$8,401$7,664$6,988$4,380
10 years$8,975$8,112$7,324$6,607$5,954$3,509
11 years$8,076$7,222$6,448$5,750$5,121$2,833
12 years$7,327$6,482$5,723$5,043$4,437$2,301
13 years$6,694$5,858$5,113$4,452$3,870$1,878
14 years$6,152$5,324$4,594$3,952$3,392$1,539
15 years$5,682$4,864$4,148$3,525$2,987$1,265
16 years$5,272$4,463$3,760$3,156$2,640$1,042
17 years$4,910$4,110$3,422$2,836$2,340$860
18 years$4,589$3,798$3,124$2,556$2,081$711
19 years$4,302$3,520$2,860$2,309$1,855$589
20 years$4,044$3,271$2,624$2,091$1,657$488
21 years$3,811$3,046$2,414$1,898$1,483$405
22 years$3,600$2,844$2,225$1,726$1,329$336
23 years$3,407$2,660$2,054$1,572$1,193$279
24 years$3,230$2,492$1,900$1,433$1,072$232
25 years$3,068$2,339$1,760$1,309$965$193
26 years$2,919$2,198$1,632$1,197$869$161
27 years$2,780$2,069$1,515$1,096$784$134
28 years$2,652$1,949$1,409$1,004$707$111
29 years$2,533$1,839$1,311$921$638$93
30 years$2,422$1,737$1,221$845$577$77
31 years$2,319$1,642$1,138$776$522$64
32 years$2,222$1,553$1,062$713$472$53
33 years$2,131$1,471$992$656$427$45
34 years$2,046$1,394$927$603$387$37
35 years$1,966$1,322$866$555$350$31
36 years$1,890$1,255$810$512$317$26
37 years$1,819$1,192$759$471$288$21
38 years$1,751$1,133$710$434$261$18
39 years$1,687$1,077$666$401$236$15
40 years$1,627$1,025$624$369$214$12
41 years$1,570$976$585$341$195$10
42 years$1,515$929$549$315$176$9
43 years$1,463$885$515$290$160$7
44 years$1,414$844$483$268$145$6
45 years$1,367$805$454$248$132$5
46 years$1,322$768$426$229$120$4
47 years$1,279$733$400$211$109$3
48 years$1,238$699$376$195$99$3
49 years$1,199$668$354$180$90$2
50 years$1,162$638$333$167$82$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,190,000, adding $4,575 every year, while hoping to spend $40,394 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: 71/21/8 Blend
48$1,190,000$1,190,000$1,190,000$1,190,000
49$1,316,099$1,253,029$1,234,584$1,407,445
50$1,407,362$1,271,449$1,232,964$1,486,847
51$1,506,581$1,289,417$1,229,935$1,568,301
52$1,614,523$1,306,869$1,225,409$1,656,347
53$1,732,034$1,323,736$1,219,290$1,751,623
54$1,860,046$1,339,944$1,211,481$1,854,833
55$1,999,583$1,355,413$1,201,878$1,966,754
56$2,151,771$1,370,059$1,190,371$2,088,239
57$2,317,852$1,383,792$1,176,849$2,220,231
58$2,499,191$1,396,516$1,161,191$2,363,766
59$2,697,291$1,408,128$1,143,274$2,519,988
60$2,913,808$1,418,519$1,122,967$2,690,159
61$3,150,564$1,427,574$1,100,134$2,875,665
62$3,409,564$1,435,168$1,074,631$3,078,039
63$3,693,018$1,441,170$1,046,310$3,298,968
64$4,003,358$1,445,440$1,015,014$3,540,310
65$4,343,264$1,447,829$980,579$3,804,117
66$4,715,683$1,448,179$942,836$4,092,646
67$5,123,866$1,446,323$901,604$4,408,388
68$5,571,390$1,442,082$856,697$4,754,088
69$6,062,195$1,435,267$807,919$5,132,772
70$6,600,621$1,425,678$755,068$5,547,774
71$7,191,450$1,413,102$697,928$6,002,771
72$7,839,947$1,397,313$636,277$6,501,814
73$8,551,912$1,378,071$569,883$7,049,370
74$9,333,734$1,355,124$498,501$7,650,362
75$10,192,453$1,328,203$421,879$8,310,218
76$11,135,821$1,297,023$339,749$9,034,920
77$12,172,380$1,261,283$251,837$9,831,062
78$13,311,541$1,220,663$157,851$10,705,913
79$14,563,670$1,174,827$57,491$11,667,484
80$15,940,188$1,123,418$0$12,724,607
81$17,453,678$1,066,056$0$13,891,253
82$19,118,003$1,002,343$0$15,179,428
83$20,948,437$931,855$0$16,596,078
84$22,961,807$854,146$0$18,154,271
85$25,176,655$768,743$0$19,868,410
86$27,613,410$675,147$0$21,754,368
87$30,294,578$572,830$0$23,829,639
88$33,244,960$461,234$0$26,113,506
89$36,491,882$339,770$0$28,627,217
90$40,065,452$207,817$0$31,394,194
91$43,998,846$64,717$0$34,440,249
92$48,328,616$0$0$37,793,829
93$53,095,043$0$0$41,507,138
94$58,342,509$0$0$45,611,742
95$64,119,916$0$0$50,130,948
96$70,481,153$0$0$55,106,918
97$77,485,597$0$0$60,586,109
98$85,198,680$0$0$66,619,713
99$93,692,497$0$0$73,264,140
100$103,046,495$0$0$80,581,549