Can I retire at age 49 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$99,095$98,212$97,351$96,510$95,690$94,572
2 years$49,057$48,143$47,258$46,399$45,567$44,442
3 years$32,380$31,462$30,579$29,728$28,909$27,812
4 years$24,043$23,128$22,254$21,418$20,618$19,557
5 years$19,042$18,133$17,270$16,451$15,674$14,652
6 years$15,709$14,807$13,956$13,156$12,402$11,421
7 years$13,329$12,435$11,598$10,816$10,086$9,146
8 years$11,546$10,659$9,836$9,073$8,367$7,468
9 years$10,159$9,280$8,472$7,729$7,047$6,187
10 years$9,050$8,180$7,386$6,662$6,004$5,184
11 years$8,143$7,282$6,502$5,798$5,164$4,383
12 years$7,388$6,536$5,771$5,086$4,475$3,732
13 years$6,750$5,907$5,156$4,490$3,902$3,197
14 years$6,204$5,369$4,632$3,986$3,421$2,752
15 years$5,730$4,905$4,182$3,554$3,012$2,378
16 years$5,316$4,500$3,792$3,183$2,662$2,062
17 years$4,952$4,144$3,451$2,860$2,360$1,794
18 years$4,628$3,830$3,150$2,577$2,098$1,564
19 years$4,339$3,549$2,884$2,329$1,870$1,366
20 years$4,078$3,298$2,646$2,109$1,671$1,196
21 years$3,843$3,072$2,434$1,914$1,495$1,048
22 years$3,630$2,868$2,244$1,740$1,340$920
23 years$3,435$2,682$2,071$1,585$1,203$809
24 years$3,257$2,513$1,916$1,446$1,081$712
25 years$3,094$2,358$1,774$1,320$973$627
26 years$2,943$2,216$1,646$1,207$876$552
27 years$2,804$2,086$1,528$1,105$790$487
28 years$2,675$1,966$1,421$1,012$713$430
29 years$2,555$1,854$1,322$928$644$380
30 years$2,443$1,751$1,231$852$582$335
31 years$2,338$1,655$1,148$782$526$296
32 years$2,241$1,566$1,071$719$476$262
33 years$2,149$1,483$1,000$661$431$232
34 years$2,063$1,406$934$608$390$205
35 years$1,982$1,333$874$560$353$181
36 years$1,906$1,266$817$516$320$161
37 years$1,834$1,202$765$475$290$142
38 years$1,766$1,142$716$438$263$126
39 years$1,702$1,086$671$404$238$111
40 years$1,641$1,034$629$373$216$99
41 years$1,583$984$590$344$196$87
42 years$1,528$937$553$317$178$77
43 years$1,476$893$519$293$162$69
44 years$1,426$851$487$270$147$61
45 years$1,378$811$458$250$133$54
46 years$1,333$774$430$231$121$48
47 years$1,290$739$404$213$110$42
48 years$1,249$705$379$197$100$37
49 years$1,209$673$357$182$91$33
50 years$1,172$643$335$168$82$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,200,000, adding $3,561 every year, while hoping to spend $38,309 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: 65/8/27 Blend
48$1,200,000$1,200,000$1,200,000$1,200,000
49$1,326,073$1,262,473$1,243,873$1,402,618
50$1,420,572$1,283,574$1,244,782$1,475,855
51$1,523,426$1,304,425$1,244,438$1,551,284
52$1,635,447$1,324,973$1,242,758$1,632,885
53$1,757,527$1,345,161$1,239,656$1,721,268
54$1,890,651$1,364,930$1,235,040$1,817,108
55$2,035,900$1,384,214$1,228,816$1,921,146
56$2,194,465$1,402,943$1,220,884$2,034,203
57$2,367,656$1,421,044$1,211,141$2,157,183
58$2,556,919$1,438,437$1,199,475$2,291,083
59$2,763,840$1,455,036$1,185,773$2,437,000
60$2,990,170$1,470,751$1,169,915$2,596,149
61$3,237,835$1,485,485$1,151,774$2,769,864
62$3,508,956$1,499,135$1,131,220$2,959,621
63$3,805,868$1,511,592$1,108,115$3,167,045
64$4,131,143$1,522,737$1,082,314$3,393,928
65$4,487,615$1,532,446$1,053,667$3,642,247
66$4,878,402$1,540,586$1,022,015$3,914,180
67$5,306,941$1,547,017$987,194$4,212,133
68$5,777,015$1,551,587$949,031$4,538,754
69$6,292,793$1,554,137$907,346$4,896,966
70$6,858,866$1,554,498$861,950$5,289,990
71$7,480,291$1,552,488$812,646$5,721,379
72$8,162,638$1,547,918$759,228$6,195,050
73$8,912,045$1,540,584$701,479$6,715,321
74$9,735,271$1,530,270$639,176$7,286,955
75$10,639,763$1,516,747$572,083$7,915,200
76$11,633,725$1,499,775$499,954$8,605,845
77$12,726,196$1,479,094$422,534$9,365,270
78$13,927,133$1,454,435$339,553$10,200,511
79$15,247,505$1,425,507$250,733$11,119,324
80$16,699,399$1,392,005$155,781$12,130,259
81$18,296,131$1,353,606$54,393$13,242,742
82$20,052,371$1,309,968$0$14,467,164
83$21,984,284$1,260,728$0$15,830,482
84$24,109,679$1,205,501$0$17,347,554
85$26,448,179$1,143,883$0$19,016,714
86$29,021,404$1,075,444$0$20,853,413
87$31,853,177$999,731$0$22,874,674
88$34,969,745$916,262$0$25,099,259
89$38,400,031$824,531$0$27,547,842
90$42,175,903$724,001$0$30,243,202
91$46,332,474$614,106$0$33,210,445
92$50,908,436$494,247$0$36,477,233
93$55,946,423$363,792$0$40,074,051
94$61,493,412$222,072$0$44,034,493
95$67,601,169$68,382$0$48,395,578
96$74,326,732$0$0$53,198,099
97$81,732,956$0$0$58,495,640
98$89,889,099$0$0$64,336,320
99$98,871,479$0$0$70,768,785
100$108,764,193$0$0$77,853,271