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%14%
1 years$99,921$99,031$98,162$97,315$96,487$94,889
2 years$49,466$48,544$47,652$46,786$45,946$44,340
3 years$32,650$31,724$30,834$29,976$29,150$27,587
4 years$24,243$23,321$22,439$21,596$20,790$19,282
5 years$19,201$18,284$17,414$16,588$15,804$14,355
6 years$15,840$14,930$14,073$13,265$12,505$11,117
7 years$13,441$12,538$11,695$10,906$10,170$8,843
8 years$11,642$10,748$9,918$9,149$8,437$7,171
9 years$10,243$9,358$8,542$7,793$7,105$5,899
10 years$9,125$8,248$7,447$6,718$6,054$4,907
11 years$8,211$7,343$6,557$5,846$5,207$4,118
12 years$7,450$6,591$5,819$5,128$4,512$3,480
13 years$6,806$5,956$5,199$4,527$3,935$2,957
14 years$6,255$5,414$4,671$4,019$3,449$2,525
15 years$5,778$4,946$4,217$3,584$3,037$2,164
16 years$5,361$4,538$3,824$3,209$2,684$1,861
17 years$4,993$4,179$3,479$2,883$2,380$1,605
18 years$4,667$3,862$3,176$2,599$2,116$1,387
19 years$4,375$3,579$2,908$2,348$1,886$1,202
20 years$4,112$3,326$2,668$2,127$1,685$1,042
21 years$3,875$3,098$2,455$1,930$1,508$906
22 years$3,660$2,892$2,262$1,755$1,351$788
23 years$3,464$2,704$2,089$1,598$1,213$686
24 years$3,285$2,534$1,932$1,458$1,090$598
25 years$3,120$2,378$1,789$1,331$981$522
26 years$2,968$2,235$1,659$1,217$884$455
27 years$2,827$2,103$1,541$1,114$797$398
28 years$2,697$1,982$1,432$1,021$719$348
29 years$2,576$1,870$1,333$936$649$304
30 years$2,463$1,766$1,242$859$587$266
31 years$2,358$1,669$1,158$789$530$233
32 years$2,259$1,579$1,080$725$480$204
33 years$2,167$1,496$1,008$667$434$178
34 years$2,080$1,418$942$613$393$156
35 years$1,999$1,345$881$565$356$137
36 years$1,922$1,276$824$520$323$120
37 years$1,849$1,212$771$479$292$105
38 years$1,781$1,152$722$442$265$92
39 years$1,716$1,095$677$407$240$81
40 years$1,654$1,042$634$376$218$71
41 years$1,596$992$595$347$198$62
42 years$1,541$945$558$320$179$54
43 years$1,488$900$524$295$163$48
44 years$1,438$858$491$273$148$42
45 years$1,390$818$461$252$134$37
46 years$1,344$781$433$233$122$32
47 years$1,301$745$407$215$111$28
48 years$1,259$711$383$199$100$25
49 years$1,219$679$360$183$91$22
50 years$1,181$649$338$170$83$19

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 $3,735 every year, while hoping to spend $22,680 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: 29/49/22 Blend
48$1,210,000$1,210,000$1,210,000$1,210,000
49$1,337,273$1,273,143$1,254,388$1,366,749
50$1,449,543$1,311,395$1,272,278$1,428,064
51$1,572,505$1,350,762$1,290,008$1,491,673
52$1,707,225$1,391,274$1,307,548$1,559,586
53$1,854,878$1,432,962$1,324,866$1,632,188
54$2,016,757$1,475,859$1,341,931$1,709,901
55$2,194,287$1,519,997$1,358,706$1,793,190
56$2,389,037$1,565,410$1,375,156$1,882,566
57$2,602,736$1,612,132$1,391,242$1,978,589
58$2,837,289$1,660,200$1,406,921$2,081,877
59$3,094,791$1,709,649$1,422,152$2,193,109
60$3,377,554$1,760,516$1,436,888$2,313,033
61$3,688,122$1,812,838$1,451,082$2,442,469
62$4,029,299$1,866,656$1,464,681$2,582,322
63$4,404,173$1,922,007$1,477,634$2,733,588
64$4,816,146$1,978,934$1,489,882$2,897,361
65$5,268,968$2,037,476$1,501,368$3,074,848
66$5,766,766$2,097,676$1,512,028$3,267,376
67$6,314,092$2,159,578$1,521,796$3,476,405
68$6,915,957$2,223,225$1,530,604$3,703,546
69$7,577,884$2,288,662$1,538,378$3,950,568
70$8,305,957$2,355,936$1,545,043$4,219,424
71$9,106,880$2,425,092$1,550,517$4,512,261
72$9,988,039$2,496,179$1,554,717$4,831,445
73$10,957,573$2,569,246$1,557,554$5,179,582
74$12,024,448$2,644,341$1,558,935$5,559,542
75$13,198,544$2,721,516$1,558,761$5,974,487
76$14,490,747$2,800,822$1,556,931$6,427,898
77$15,913,053$2,882,312$1,553,338$6,923,611
78$17,478,677$2,966,038$1,547,868$7,465,853
79$19,202,184$3,052,055$1,540,403$8,059,278
80$21,099,620$3,140,419$1,530,820$8,709,016
81$23,188,667$3,231,185$1,518,988$9,420,715
82$25,488,808$3,324,411$1,504,771$10,200,602
83$28,021,514$3,420,154$1,488,028$11,055,535
84$30,810,440$3,518,473$1,468,609$11,993,071
85$33,881,654$3,619,428$1,446,357$13,021,535
86$37,263,882$3,723,079$1,421,108$14,150,101
87$40,988,775$3,829,487$1,392,693$15,388,878
88$45,091,213$3,938,715$1,360,931$16,749,004
89$49,609,629$4,050,824$1,325,634$18,242,750
90$54,586,375$4,165,879$1,286,608$19,883,640
91$60,068,122$4,283,943$1,243,645$21,686,574
92$66,106,296$4,405,082$1,196,533$23,667,973
93$72,757,567$4,529,360$1,145,045$25,845,931
94$80,084,383$4,656,843$1,088,949$28,240,383
95$88,155,559$4,787,597$1,027,998$30,873,302
96$97,046,926$4,921,689$961,936$33,768,896
97$106,842,047$5,059,186$890,495$36,953,845
98$117,633,004$5,200,155$813,395$40,457,547
99$129,521,271$5,344,663$730,344$44,312,400
100$142,618,667$5,492,778$641,037$48,554,104