Can I retire at age 49 with 1,210,000?

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 $1,210,000?

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$99,921$99,031$98,162$97,315$96,487$93,436
2 years$49,466$48,544$47,652$46,786$45,946$42,900
3 years$32,650$31,724$30,834$29,976$29,150$26,204
4 years$24,243$23,321$22,439$21,596$20,790$17,967
5 years$19,201$18,284$17,414$16,588$15,804$13,112
6 years$15,840$14,930$14,073$13,265$12,505$9,946
7 years$13,441$12,538$11,695$10,906$10,170$7,743
8 years$11,642$10,748$9,918$9,149$8,437$6,141
9 years$10,243$9,358$8,542$7,793$7,105$4,938
10 years$9,125$8,248$7,447$6,718$6,054$4,012
11 years$8,211$7,343$6,557$5,846$5,207$3,286
12 years$7,450$6,591$5,819$5,128$4,512$2,708
13 years$6,806$5,956$5,199$4,527$3,935$2,244
14 years$6,255$5,414$4,671$4,019$3,449$1,867
15 years$5,778$4,946$4,217$3,584$3,037$1,558
16 years$5,361$4,538$3,824$3,209$2,684$1,304
17 years$4,993$4,179$3,479$2,883$2,380$1,094
18 years$4,667$3,862$3,176$2,599$2,116$920
19 years$4,375$3,579$2,908$2,348$1,886$774
20 years$4,112$3,326$2,668$2,127$1,685$653
21 years$3,875$3,098$2,455$1,930$1,508$551
22 years$3,660$2,892$2,262$1,755$1,351$465
23 years$3,464$2,704$2,089$1,598$1,213$393
24 years$3,285$2,534$1,932$1,458$1,090$333
25 years$3,120$2,378$1,789$1,331$981$282
26 years$2,968$2,235$1,659$1,217$884$238
27 years$2,827$2,103$1,541$1,114$797$202
28 years$2,697$1,982$1,432$1,021$719$171
29 years$2,576$1,870$1,333$936$649$145
30 years$2,463$1,766$1,242$859$587$123
31 years$2,358$1,669$1,158$789$530$104
32 years$2,259$1,579$1,080$725$480$88
33 years$2,167$1,496$1,008$667$434$75
34 years$2,080$1,418$942$613$393$64
35 years$1,999$1,345$881$565$356$54
36 years$1,922$1,276$824$520$323$46
37 years$1,849$1,212$771$479$292$39
38 years$1,781$1,152$722$442$265$33
39 years$1,716$1,095$677$407$240$28
40 years$1,654$1,042$634$376$218$24
41 years$1,596$992$595$347$198$20
42 years$1,541$945$558$320$179$17
43 years$1,488$900$524$295$163$15
44 years$1,438$858$491$273$148$12
45 years$1,390$818$461$252$134$10
46 years$1,344$781$433$233$122$9
47 years$1,301$745$407$215$111$8
48 years$1,259$711$383$199$100$6
49 years$1,219$679$360$183$91$5
50 years$1,181$649$338$170$83$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,210,000, adding $2,124 every year, while hoping to spend $20,493 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: 64/30/6 Blend
48$1,210,000$1,210,000$1,210,000$1,210,000
49$1,335,611$1,271,481$1,252,726$1,419,617
50$1,450,039$1,311,979$1,272,888$1,516,283
51$1,575,452$1,353,775$1,293,038$1,619,193
52$1,712,948$1,396,910$1,313,155$1,731,046
53$1,863,738$1,441,428$1,333,216$1,852,709
54$2,029,155$1,487,374$1,353,194$1,985,134
55$2,210,667$1,534,793$1,373,064$2,129,370
56$2,409,891$1,583,734$1,392,798$2,286,570
57$2,628,609$1,634,246$1,412,365$2,458,004
58$2,868,782$1,686,379$1,431,735$2,645,071
59$3,132,573$1,740,187$1,450,873$2,849,310
60$3,422,363$1,795,724$1,469,745$3,072,415
61$3,740,775$1,853,045$1,488,312$3,316,251
62$4,090,698$1,912,208$1,506,535$3,582,873
63$4,475,317$1,973,274$1,524,372$3,874,543
64$4,898,140$2,036,305$1,541,778$4,193,751
65$5,363,030$2,101,364$1,558,707$4,543,239
66$5,874,245$2,168,517$1,575,110$4,926,028
67$6,436,476$2,237,832$1,590,934$5,345,446
68$7,054,890$2,309,380$1,606,125$5,805,155
69$7,735,183$2,383,233$1,620,624$6,309,191
70$8,483,628$2,459,468$1,634,371$6,861,999
71$9,307,136$2,538,160$1,647,301$7,468,474
72$10,213,326$2,619,391$1,659,347$8,134,010
73$11,210,587$2,703,244$1,670,437$8,864,546
74$12,308,168$2,789,804$1,680,498$9,666,627
75$13,516,256$2,879,159$1,689,449$10,547,461
76$14,846,078$2,971,401$1,697,209$11,514,990
77$16,310,003$3,066,625$1,703,691$12,577,962
78$17,921,661$3,164,928$1,708,803$13,746,016
79$19,696,072$3,266,411$1,712,450$15,029,769
80$21,649,785$3,371,179$1,714,530$16,440,921
81$23,801,035$3,479,338$1,714,939$17,992,361
82$26,169,916$3,591,001$1,713,564$19,698,288
83$28,778,570$3,706,283$1,710,291$21,574,347
84$31,651,395$3,825,302$1,704,997$23,637,777
85$34,815,277$3,948,181$1,697,554$25,907,569
86$38,299,841$4,075,047$1,687,828$28,404,651
87$42,137,732$4,206,033$1,675,678$31,152,079
88$46,364,925$4,341,273$1,660,957$34,175,259
89$51,021,060$4,480,908$1,643,512$37,502,181
90$56,149,818$4,625,082$1,623,180$41,163,692
91$61,799,335$4,773,946$1,599,791$45,193,775
92$68,022,653$4,927,655$1,573,170$49,629,879
93$74,878,222$5,086,370$1,543,130$54,513,267
94$82,430,454$5,250,254$1,509,478$59,889,406
95$90,750,324$5,419,481$1,472,009$65,808,397
96$99,916,048$5,594,226$1,430,513$72,325,445
97$110,013,816$5,774,674$1,384,766$79,501,383
98$121,138,605$5,961,013$1,334,535$87,403,243
99$133,395,079$6,153,439$1,279,579$96,104,887
100$146,898,574$6,352,155$1,219,641$105,687,708