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%17.5%
1 years$98,269$97,394$96,540$95,706$94,892$92,002
2 years$48,648$47,742$46,864$46,013$45,187$42,300
3 years$32,110$31,200$30,324$29,481$28,668$25,875
4 years$23,842$22,935$22,068$21,239$20,447$17,768
5 years$18,883$17,982$17,126$16,314$15,543$12,987
6 years$15,578$14,683$13,840$13,046$12,299$9,868
7 years$13,218$12,331$11,501$10,726$10,002$7,695
8 years$11,449$10,570$9,754$8,998$8,298$6,114
9 years$10,074$9,203$8,401$7,664$6,988$4,925
10 years$8,975$8,112$7,324$6,607$5,954$4,009
11 years$8,076$7,222$6,448$5,750$5,121$3,290
12 years$7,327$6,482$5,723$5,043$4,437$2,717
13 years$6,694$5,858$5,113$4,452$3,870$2,256
14 years$6,152$5,324$4,594$3,952$3,392$1,881
15 years$5,682$4,864$4,148$3,525$2,987$1,573
16 years$5,272$4,463$3,760$3,156$2,640$1,320
17 years$4,910$4,110$3,422$2,836$2,340$1,110
18 years$4,589$3,798$3,124$2,556$2,081$935
19 years$4,302$3,520$2,860$2,309$1,855$789
20 years$4,044$3,271$2,624$2,091$1,657$666
21 years$3,811$3,046$2,414$1,898$1,483$564
22 years$3,600$2,844$2,225$1,726$1,329$477
23 years$3,407$2,660$2,054$1,572$1,193$404
24 years$3,230$2,492$1,900$1,433$1,072$343
25 years$3,068$2,339$1,760$1,309$965$291
26 years$2,919$2,198$1,632$1,197$869$247
27 years$2,780$2,069$1,515$1,096$784$210
28 years$2,652$1,949$1,409$1,004$707$178
29 years$2,533$1,839$1,311$921$638$151
30 years$2,422$1,737$1,221$845$577$129
31 years$2,319$1,642$1,138$776$522$109
32 years$2,222$1,553$1,062$713$472$93
33 years$2,131$1,471$992$656$427$79
34 years$2,046$1,394$927$603$387$67
35 years$1,966$1,322$866$555$350$57
36 years$1,890$1,255$810$512$317$49
37 years$1,819$1,192$759$471$288$41
38 years$1,751$1,133$710$434$261$35
39 years$1,687$1,077$666$401$236$30
40 years$1,627$1,025$624$369$214$25
41 years$1,570$976$585$341$195$22
42 years$1,515$929$549$315$176$18
43 years$1,463$885$515$290$160$16
44 years$1,414$844$483$268$145$13
45 years$1,367$805$454$248$132$11
46 years$1,322$768$426$229$120$10
47 years$1,279$733$400$211$109$8
48 years$1,238$699$376$195$99$7
49 years$1,199$668$354$180$90$6
50 years$1,162$638$333$167$82$5

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 $2,371 every year, while hoping to spend $33,731 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: 49/38/13 Blend
48$1,190,000$1,190,000$1,190,000$1,190,000
49$1,313,826$1,250,756$1,232,311$1,373,405
50$1,411,946$1,276,153$1,237,704$1,440,033
51$1,518,945$1,301,665$1,242,147$1,508,659
52$1,635,691$1,327,260$1,245,572$1,582,448
53$1,763,143$1,352,907$1,247,910$1,661,894
54$1,902,353$1,378,569$1,249,085$1,747,543
55$2,054,484$1,404,210$1,249,020$1,839,996
56$2,220,811$1,429,786$1,247,632$1,939,914
57$2,402,742$1,455,254$1,244,836$2,048,029
58$2,601,826$1,480,565$1,240,542$2,165,146
59$2,819,767$1,505,668$1,234,655$2,292,151
60$3,058,444$1,530,506$1,227,077$2,430,023
61$3,319,924$1,555,020$1,217,703$2,579,842
62$3,606,485$1,579,145$1,206,424$2,742,796
63$3,920,635$1,602,811$1,193,128$2,920,198
64$4,265,136$1,625,945$1,177,694$3,113,494
65$4,643,031$1,648,468$1,159,999$3,324,277
66$5,057,672$1,670,294$1,139,910$3,554,307
67$5,512,749$1,691,333$1,117,291$3,805,523
68$6,012,328$1,711,487$1,091,999$4,080,061
69$6,560,888$1,730,653$1,063,884$4,380,280
70$7,163,364$1,748,720$1,032,789$4,708,777
71$7,825,190$1,765,571$998,551$5,068,420
72$8,552,355$1,781,078$960,997$5,462,369
73$9,351,453$1,795,109$919,949$5,894,107
74$10,229,752$1,807,520$875,218$6,367,477
75$11,195,258$1,818,160$826,609$6,886,714
76$12,256,790$1,826,866$773,916$7,456,491
77$13,424,067$1,833,467$716,927$8,081,956
78$14,707,794$1,837,779$655,416$8,768,788
79$16,119,768$1,839,609$589,151$9,523,249
80$17,672,983$1,838,749$517,887$10,352,239
81$19,381,760$1,834,980$441,369$11,263,371
82$21,261,876$1,828,070$359,331$12,265,035
83$23,330,713$1,817,772$271,494$13,366,482
84$25,607,426$1,803,823$177,569$14,577,911
85$28,113,119$1,785,945$77,253$15,910,567
86$30,871,044$1,763,844$0$17,376,847
87$33,906,825$1,737,207$0$18,994,551
88$37,248,695$1,705,703$0$20,786,317
89$40,927,761$1,668,982$0$22,758,075
90$44,978,303$1,626,672$0$24,928,189
91$49,438,090$1,578,380$0$27,316,895
92$54,348,745$1,523,690$0$29,946,502
93$59,756,127$1,462,161$0$32,841,598
94$65,710,772$1,393,327$0$36,029,285
95$72,268,366$1,316,695$0$39,539,436
96$79,490,270$1,231,743$0$43,404,976
97$87,444,100$1,137,921$0$47,662,197
98$96,204,364$1,034,645$0$52,351,098
99$105,853,165$921,299$0$57,515,768
100$116,480,976$797,231$0$63,204,800