Can I retire at age 49 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$100,746$99,849$98,974$98,119$97,285$94,170
2 years$49,874$48,946$48,045$47,173$46,326$43,217
3 years$32,919$31,987$31,089$30,224$29,391$26,385
4 years$24,443$23,513$22,625$21,775$20,962$18,082
5 years$19,359$18,435$17,558$16,725$15,935$13,189
6 years$15,971$15,053$14,189$13,375$12,609$9,999
7 years$13,552$12,642$11,791$10,996$10,254$7,780
8 years$11,738$10,836$10,000$9,225$8,507$6,167
9 years$10,328$9,435$8,613$7,857$7,164$4,955
10 years$9,201$8,317$7,509$6,773$6,104$4,023
11 years$8,279$7,404$6,611$5,895$5,250$3,293
12 years$7,512$6,645$5,867$5,170$4,549$2,713
13 years$6,863$6,005$5,242$4,565$3,967$2,246
14 years$6,307$5,459$4,710$4,052$3,478$1,867
15 years$5,826$4,987$4,252$3,614$3,062$1,558
16 years$5,405$4,575$3,855$3,236$2,706$1,303
17 years$5,034$4,213$3,508$2,907$2,399$1,092
18 years$4,705$3,893$3,202$2,620$2,133$917
19 years$4,411$3,608$2,932$2,367$1,902$772
20 years$4,146$3,353$2,691$2,144$1,699$650
21 years$3,907$3,123$2,475$1,946$1,520$548
22 years$3,690$2,915$2,281$1,769$1,362$463
23 years$3,493$2,727$2,106$1,611$1,223$391
24 years$3,312$2,555$1,948$1,470$1,099$330
25 years$3,145$2,398$1,804$1,342$989$279
26 years$2,992$2,253$1,673$1,227$891$236
27 years$2,850$2,121$1,554$1,123$803$200
28 years$2,719$1,998$1,444$1,029$725$169
29 years$2,597$1,885$1,344$944$655$143
30 years$2,483$1,780$1,252$866$591$121
31 years$2,377$1,683$1,167$795$535$103
32 years$2,278$1,592$1,089$731$484$87
33 years$2,185$1,508$1,017$672$438$74
34 years$2,097$1,429$950$619$396$63
35 years$2,015$1,356$888$569$359$53
36 years$1,938$1,287$831$524$325$45
37 years$1,864$1,222$778$483$295$38
38 years$1,795$1,161$728$445$267$32
39 years$1,730$1,104$682$411$242$27
40 years$1,668$1,051$640$379$220$23
41 years$1,609$1,000$600$349$199$20
42 years$1,553$953$563$323$181$17
43 years$1,500$908$528$298$164$14
44 years$1,450$865$495$275$149$12
45 years$1,401$825$465$254$135$10
46 years$1,355$787$437$234$123$9
47 years$1,312$751$411$217$112$7
48 years$1,270$717$386$200$101$6
49 years$1,230$685$363$185$92$5
50 years$1,191$654$341$171$84$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,220,000, adding $4,864 every year, while hoping to spend $47,249 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: 60/28/12 Blend
48$1,220,000$1,220,000$1,220,000$1,220,000
49$1,349,457$1,284,797$1,265,887$1,426,231
50$1,436,829$1,297,480$1,258,022$1,491,116
51$1,531,530$1,309,200$1,248,309$1,556,095
52$1,634,256$1,319,861$1,236,638$1,625,830
53$1,745,776$1,329,360$1,222,891$1,700,785
54$1,866,932$1,337,586$1,206,945$1,781,469
55$1,998,654$1,344,422$1,188,673$1,868,447
56$2,141,962$1,349,745$1,167,939$1,962,340
57$2,297,980$1,353,420$1,144,603$2,063,836
58$2,467,945$1,355,308$1,118,517$2,173,691
59$2,653,216$1,355,259$1,089,529$2,292,743
60$2,855,292$1,353,114$1,057,475$2,421,915
61$3,075,820$1,348,705$1,022,189$2,562,227
62$3,316,614$1,341,852$983,493$2,714,805
63$3,579,672$1,332,366$941,203$2,880,889
64$3,867,191$1,320,045$895,126$3,061,850
65$4,181,593$1,304,676$845,061$3,259,203
66$4,525,543$1,286,032$790,798$3,474,615
67$4,901,974$1,263,873$732,115$3,709,930
68$5,314,118$1,237,946$668,784$3,967,182
69$5,765,533$1,207,980$600,564$4,248,614
70$6,260,138$1,173,692$527,203$4,556,703
71$6,802,248$1,134,779$448,441$4,894,181
72$7,396,616$1,090,922$364,002$5,264,063
73$8,048,477$1,041,783$273,602$5,669,676
74$8,763,595$987,004$176,941$6,114,690
75$9,548,323$926,208$73,709$6,603,155
76$10,409,653$858,994$0$7,139,538
77$11,355,293$784,939$0$7,733,436
78$12,393,729$703,598$0$8,395,994
79$13,534,312$614,497$0$9,123,807
80$14,787,342$517,137$0$9,923,538
81$16,164,166$410,992$0$10,802,536
82$17,677,284$295,503$0$11,768,901
83$19,340,467$170,083$0$12,831,567
84$21,168,889$34,111$0$14,000,383
85$23,179,263$0$0$15,286,208
86$25,390,008$0$0$16,735,853
87$27,821,411$0$0$18,341,859
88$30,495,829$0$0$20,108,494
89$33,437,891$0$0$22,052,042
90$36,674,736$0$0$24,190,445
91$40,236,264$0$0$26,543,472
92$44,155,419$0$0$29,132,904
93$48,468,503$0$0$31,982,741
94$53,215,512$0$0$35,119,428
95$58,440,517$0$0$38,572,101
96$64,192,079$0$0$42,372,868
97$70,523,705$0$0$46,557,105
98$77,494,355$0$0$51,163,793
99$85,168,993$0$0$56,235,887
100$93,619,206$0$0$61,820,715