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%15.9%
1 years$99,095$98,212$97,351$96,510$95,690$93,376
2 years$49,057$48,143$47,258$46,399$45,567$43,250
3 years$32,380$31,462$30,579$29,728$28,909$26,662
4 years$24,043$23,128$22,254$21,418$20,618$18,457
5 years$19,042$18,133$17,270$16,451$15,674$13,605
6 years$15,709$14,807$13,956$13,156$12,402$10,427
7 years$13,329$12,435$11,598$10,816$10,086$8,206
8 years$11,546$10,659$9,836$9,073$8,367$6,581
9 years$10,159$9,280$8,472$7,729$7,047$5,353
10 years$9,050$8,180$7,386$6,662$6,004$4,401
11 years$8,143$7,282$6,502$5,798$5,164$3,649
12 years$7,388$6,536$5,771$5,086$4,475$3,046
13 years$6,750$5,907$5,156$4,490$3,902$2,556
14 years$6,204$5,369$4,632$3,986$3,421$2,154
15 years$5,730$4,905$4,182$3,554$3,012$1,822
16 years$5,316$4,500$3,792$3,183$2,662$1,546
17 years$4,952$4,144$3,451$2,860$2,360$1,315
18 years$4,628$3,830$3,150$2,577$2,098$1,121
19 years$4,339$3,549$2,884$2,329$1,870$958
20 years$4,078$3,298$2,646$2,109$1,671$819
21 years$3,843$3,072$2,434$1,914$1,495$701
22 years$3,630$2,868$2,244$1,740$1,340$601
23 years$3,435$2,682$2,071$1,585$1,203$516
24 years$3,257$2,513$1,916$1,446$1,081$443
25 years$3,094$2,358$1,774$1,320$973$381
26 years$2,943$2,216$1,646$1,207$876$327
27 years$2,804$2,086$1,528$1,105$790$282
28 years$2,675$1,966$1,421$1,012$713$242
29 years$2,555$1,854$1,322$928$644$209
30 years$2,443$1,751$1,231$852$582$180
31 years$2,338$1,655$1,148$782$526$155
32 years$2,241$1,566$1,071$719$476$133
33 years$2,149$1,483$1,000$661$431$115
34 years$2,063$1,406$934$608$390$99
35 years$1,982$1,333$874$560$353$85
36 years$1,906$1,266$817$516$320$74
37 years$1,834$1,202$765$475$290$63
38 years$1,766$1,142$716$438$263$55
39 years$1,702$1,086$671$404$238$47
40 years$1,641$1,034$629$373$216$41
41 years$1,583$984$590$344$196$35
42 years$1,528$937$553$317$178$30
43 years$1,476$893$519$293$162$26
44 years$1,426$851$487$270$147$23
45 years$1,378$811$458$250$133$19
46 years$1,333$774$430$231$121$17
47 years$1,290$739$404$213$110$14
48 years$1,249$705$379$197$100$12
49 years$1,209$673$357$182$91$11
50 years$1,172$643$335$168$82$9

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 $4,290 every year, while hoping to spend $47,917 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: 40/47/13 Blend
48$1,200,000$1,200,000$1,200,000$1,200,000
49$1,326,825$1,263,225$1,244,625$1,374,592
50$1,411,178$1,274,140$1,235,337$1,419,686
51$1,502,529$1,283,983$1,224,131$1,463,411
52$1,601,541$1,292,653$1,210,894$1,509,664
53$1,708,944$1,300,038$1,195,504$1,558,697
54$1,825,539$1,306,023$1,177,836$1,610,789
55$1,952,208$1,310,483$1,157,759$1,666,251
56$2,089,923$1,313,286$1,135,133$1,725,425
57$2,239,750$1,314,292$1,109,815$1,788,695
58$2,402,864$1,313,352$1,081,653$1,856,485
59$2,580,558$1,310,307$1,050,490$1,929,265
60$2,774,253$1,304,990$1,016,160$2,007,556
61$2,985,515$1,297,223$978,489$2,091,940
62$3,216,067$1,286,817$937,298$2,183,056
63$3,467,805$1,273,570$892,397$2,281,617
64$3,742,817$1,257,271$843,588$2,388,413
65$4,043,401$1,237,694$790,665$2,504,317
66$4,372,087$1,214,600$733,412$2,630,298
67$4,731,662$1,187,737$671,603$2,767,430
68$5,125,192$1,156,837$605,002$2,916,901
69$5,556,056$1,121,616$533,364$3,080,027
70$6,027,973$1,081,775$456,431$3,258,265
71$6,545,039$1,036,994$373,934$3,453,230
72$7,111,765$986,940$285,593$3,666,705
73$7,733,120$931,255$191,116$3,900,668
74$8,414,576$869,564$90,196$4,157,302
75$9,162,160$801,470$0$4,439,028
76$9,982,510$726,552$0$4,750,947
77$10,882,940$644,366$0$5,107,098
78$11,871,502$554,443$0$5,498,276
79$12,957,071$456,286$0$5,928,147
80$14,149,420$349,372$0$6,400,761
81$15,459,317$233,147$0$6,920,592
82$16,898,622$107,026$0$7,492,579
83$18,480,404$0$0$8,122,177
84$20,219,059$0$0$8,830,724
85$22,130,447$0$0$9,670,686
86$24,232,041$0$0$10,594,410
87$26,543,093$0$0$11,610,379
88$29,084,813$0$0$12,727,940
89$31,880,569$0$0$13,957,391
90$34,956,110$0$0$15,310,079
91$38,339,802$0$0$16,798,505
92$42,062,904$0$0$18,436,446
93$46,159,854$0$0$20,239,077
94$50,668,599$0$0$22,223,124
95$55,630,949$0$0$24,407,013
96$61,092,976$0$0$26,811,048
97$67,105,440$0$0$29,457,602
98$73,724,277$0$0$32,371,328
99$81,011,118$0$0$35,579,388
100$89,033,877$0$0$39,111,715