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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$100,746$99,849$98,974$98,119$97,285$93,908
2 years$49,874$48,946$48,045$47,173$46,326$42,959
3 years$32,919$31,987$31,089$30,224$29,391$26,139
4 years$24,443$23,513$22,625$21,775$20,962$17,850
5 years$19,359$18,435$17,558$16,725$15,935$12,972
6 years$15,971$15,053$14,189$13,375$12,609$9,796
7 years$13,552$12,642$11,791$10,996$10,254$7,592
8 years$11,738$10,836$10,000$9,225$8,507$5,993
9 years$10,328$9,435$8,613$7,857$7,164$4,795
10 years$9,201$8,317$7,509$6,773$6,104$3,876
11 years$8,279$7,404$6,611$5,895$5,250$3,158
12 years$7,512$6,645$5,867$5,170$4,549$2,590
13 years$6,863$6,005$5,242$4,565$3,967$2,134
14 years$6,307$5,459$4,710$4,052$3,478$1,765
15 years$5,826$4,987$4,252$3,614$3,062$1,465
16 years$5,405$4,575$3,855$3,236$2,706$1,219
17 years$5,034$4,213$3,508$2,907$2,399$1,017
18 years$4,705$3,893$3,202$2,620$2,133$850
19 years$4,411$3,608$2,932$2,367$1,902$711
20 years$4,146$3,353$2,691$2,144$1,699$596
21 years$3,907$3,123$2,475$1,946$1,520$500
22 years$3,690$2,915$2,281$1,769$1,362$419
23 years$3,493$2,727$2,106$1,611$1,223$352
24 years$3,312$2,555$1,948$1,470$1,099$296
25 years$3,145$2,398$1,804$1,342$989$249
26 years$2,992$2,253$1,673$1,227$891$210
27 years$2,850$2,121$1,554$1,123$803$176
28 years$2,719$1,998$1,444$1,029$725$148
29 years$2,597$1,885$1,344$944$655$125
30 years$2,483$1,780$1,252$866$591$105
31 years$2,377$1,683$1,167$795$535$89
32 years$2,278$1,592$1,089$731$484$75
33 years$2,185$1,508$1,017$672$438$63
34 years$2,097$1,429$950$619$396$53
35 years$2,015$1,356$888$569$359$45
36 years$1,938$1,287$831$524$325$38
37 years$1,864$1,222$778$483$295$32
38 years$1,795$1,161$728$445$267$27
39 years$1,730$1,104$682$411$242$23
40 years$1,668$1,051$640$379$220$19
41 years$1,609$1,000$600$349$199$16
42 years$1,553$953$563$323$181$14
43 years$1,500$908$528$298$164$11
44 years$1,450$865$495$275$149$10
45 years$1,401$825$465$254$135$8
46 years$1,355$787$437$234$123$7
47 years$1,312$751$411$217$112$6
48 years$1,270$717$386$200$101$5
49 years$1,230$685$363$185$92$4
50 years$1,191$654$341$171$84$3

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 $5,619 every year, while hoping to spend $55,341 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: 59/31/10 Blend
48$1,220,000$1,220,000$1,220,000$1,220,000
49$1,350,236$1,285,576$1,266,666$1,426,407
50$1,429,078$1,289,687$1,250,217$1,482,396
51$1,514,106$1,292,144$1,231,362$1,536,677
52$1,605,895$1,292,809$1,209,962$1,594,511
53$1,705,072$1,291,533$1,185,872$1,656,244
54$1,812,330$1,288,158$1,158,939$1,722,261
55$1,928,428$1,282,519$1,129,004$1,792,983
56$2,054,203$1,274,437$1,095,901$1,868,880
57$2,190,572$1,263,725$1,059,454$1,950,471
58$2,338,547$1,250,183$1,019,482$2,038,327
59$2,499,237$1,233,601$975,793$2,133,085
60$2,673,866$1,213,755$928,189$2,235,444
61$2,863,779$1,190,407$876,462$2,346,182
62$3,070,453$1,163,305$820,392$2,466,155
63$3,295,517$1,132,185$759,753$2,596,312
64$3,540,761$1,096,764$694,306$2,737,701
65$3,808,158$1,056,744$623,804$2,891,482
66$4,099,875$1,011,810$547,987$3,058,935
67$4,418,301$961,627$466,583$3,241,477
68$4,766,064$905,843$379,310$3,440,673
69$5,146,057$844,084$285,871$3,658,251
70$5,561,466$775,955$185,959$3,896,124
71$6,015,797$701,039$79,251$4,156,403
72$6,512,913$618,895$0$4,441,420
73$7,057,066$529,056$0$4,757,447
74$7,652,936$431,029$0$5,112,900
75$8,305,681$324,295$0$5,502,496
76$9,020,979$208,303$0$5,929,750
77$9,805,082$82,474$0$6,398,537
78$10,664,879$0$0$6,913,138
79$11,607,955$0$0$7,496,627
80$12,642,666$0$0$8,167,780
81$13,778,214$0$0$8,904,445
82$15,024,737$0$0$9,713,213
83$16,393,401$0$0$10,601,340
84$17,896,507$0$0$11,576,824
85$19,547,606$0$0$12,648,473
86$21,361,626$0$0$13,825,991
87$23,355,010$0$0$15,120,068
88$25,545,876$0$0$16,542,482
89$27,954,184$0$0$18,106,207
90$30,601,921$0$0$19,825,538
91$33,513,315$0$0$21,716,224
92$36,715,056$0$0$23,795,618
93$40,236,551$0$0$26,082,837
94$44,110,200$0$0$28,598,944
95$48,371,701$0$0$31,367,147
96$53,060,386$0$0$34,413,016
97$58,219,593$0$0$37,764,727
98$63,897,071$0$0$41,453,322
99$70,145,432$0$0$45,513,007
100$77,022,649$0$0$49,981,470