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%14.2%
1 years$100,746$99,849$98,974$98,119$97,285$95,594
2 years$49,874$48,946$48,045$47,173$46,326$44,628
3 years$32,919$31,987$31,089$30,224$29,391$27,739
4 years$24,443$23,513$22,625$21,775$20,962$19,369
5 years$19,359$18,435$17,558$16,725$15,935$14,405
6 years$15,971$15,053$14,189$13,375$12,609$11,143
7 years$13,552$12,642$11,791$10,996$10,254$8,854
8 years$11,738$10,836$10,000$9,225$8,507$7,171
9 years$10,328$9,435$8,613$7,857$7,164$5,893
10 years$9,201$8,317$7,509$6,773$6,104$4,896
11 years$8,279$7,404$6,611$5,895$5,250$4,103
12 years$7,512$6,645$5,867$5,170$4,549$3,463
13 years$6,863$6,005$5,242$4,565$3,967$2,939
14 years$6,307$5,459$4,710$4,052$3,478$2,506
15 years$5,826$4,987$4,252$3,614$3,062$2,145
16 years$5,405$4,575$3,855$3,236$2,706$1,842
17 years$5,034$4,213$3,508$2,907$2,399$1,586
18 years$4,705$3,893$3,202$2,620$2,133$1,369
19 years$4,411$3,608$2,932$2,367$1,902$1,184
20 years$4,146$3,353$2,691$2,144$1,699$1,026
21 years$3,907$3,123$2,475$1,946$1,520$890
22 years$3,690$2,915$2,281$1,769$1,362$773
23 years$3,493$2,727$2,106$1,611$1,223$672
24 years$3,312$2,555$1,948$1,470$1,099$585
25 years$3,145$2,398$1,804$1,342$989$509
26 years$2,992$2,253$1,673$1,227$891$444
27 years$2,850$2,121$1,554$1,123$803$387
28 years$2,719$1,998$1,444$1,029$725$338
29 years$2,597$1,885$1,344$944$655$295
30 years$2,483$1,780$1,252$866$591$258
31 years$2,377$1,683$1,167$795$535$225
32 years$2,278$1,592$1,089$731$484$197
33 years$2,185$1,508$1,017$672$438$172
34 years$2,097$1,429$950$619$396$150
35 years$2,015$1,356$888$569$359$131
36 years$1,938$1,287$831$524$325$115
37 years$1,864$1,222$778$483$295$101
38 years$1,795$1,161$728$445$267$88
39 years$1,730$1,104$682$411$242$77
40 years$1,668$1,051$640$379$220$67
41 years$1,609$1,000$600$349$199$59
42 years$1,553$953$563$323$181$52
43 years$1,500$908$528$298$164$45
44 years$1,450$865$495$275$149$40
45 years$1,401$825$465$254$135$35
46 years$1,355$787$437$234$123$30
47 years$1,312$751$411$217$112$27
48 years$1,270$717$386$200$101$23
49 years$1,230$685$363$185$92$20
50 years$1,191$654$341$171$84$18

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 $2,320 every year, while hoping to spend $23,752 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: 49/26/25 Blend
48$1,220,000$1,220,000$1,220,000$1,220,000
49$1,346,833$1,282,173$1,263,263$1,403,188
50$1,458,938$1,319,728$1,280,310$1,480,337
51$1,581,682$1,358,326$1,297,133$1,561,546
52$1,716,124$1,397,995$1,313,698$1,649,300
53$1,863,433$1,438,761$1,329,970$1,744,227
54$2,024,893$1,480,650$1,345,915$1,847,019
55$2,201,921$1,523,691$1,361,492$1,958,438
56$2,396,076$1,567,911$1,376,661$2,079,324
57$2,609,077$1,613,339$1,391,379$2,210,601
58$2,842,814$1,660,004$1,405,602$2,353,287
59$3,099,372$1,707,936$1,419,281$2,508,503
60$3,381,047$1,757,163$1,432,366$2,677,484
61$3,690,366$1,807,717$1,444,803$2,861,589
62$4,030,117$1,859,629$1,456,537$3,062,318
63$4,403,368$1,912,929$1,467,510$3,281,320
64$4,813,498$1,967,650$1,477,659$3,520,413
65$5,264,234$2,023,823$1,486,918$3,781,602
66$5,759,676$2,081,481$1,495,221$4,067,092
67$6,304,346$2,140,657$1,502,494$4,379,314
68$6,903,224$2,201,383$1,508,662$4,720,948
69$7,561,796$2,263,694$1,513,645$5,094,945
70$8,286,107$2,327,623$1,517,360$5,504,557
71$9,082,817$2,393,204$1,519,719$5,953,366
72$9,959,266$2,460,472$1,520,631$6,445,321
73$10,923,537$2,529,462$1,519,998$6,984,773
74$11,984,539$2,600,207$1,517,719$7,576,515
75$13,152,088$2,672,742$1,513,689$8,225,829
76$14,436,998$2,747,104$1,507,794$8,938,536
77$15,851,186$2,823,326$1,499,920$9,721,050
78$17,407,781$2,901,444$1,489,942$10,580,439
79$19,121,253$2,981,493$1,477,733$11,524,492
80$21,007,542$3,063,507$1,463,158$12,561,792
81$23,084,214$3,147,521$1,446,076$13,701,798
82$25,370,624$3,233,570$1,426,340$14,954,931
83$27,888,100$3,321,688$1,403,795$16,332,679
84$30,660,144$3,411,908$1,378,280$17,847,699
85$33,712,651$3,504,264$1,349,625$19,513,939
86$37,074,157$3,598,788$1,317,653$21,346,773
87$40,776,105$3,695,513$1,282,178$23,363,138
88$44,853,144$3,794,469$1,243,007$25,581,705
89$49,343,454$3,895,687$1,199,937$28,023,044
90$54,289,107$3,999,197$1,152,756$30,709,828
91$59,736,464$4,105,026$1,101,241$33,667,042
92$65,736,612$4,213,201$1,045,162$36,922,218
93$72,345,848$4,323,749$984,276$40,505,700
94$79,626,204$4,436,692$918,329$44,450,927
95$87,646,041$4,552,054$847,057$48,794,749
96$96,480,686$4,669,854$770,183$53,577,776
97$106,213,151$4,790,112$687,418$58,844,762
98$116,934,907$4,912,842$598,461$64,645,028
99$128,746,754$5,038,058$502,997$71,032,926
100$141,759,771$5,165,771$400,695$78,068,354