Can I retire at age 49 with 1,230,000?

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 $1,230,000?

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%
1 years$101,572$100,667$99,785$98,923$98,082$96,417
2 years$50,283$49,347$48,439$47,559$46,706$45,034
3 years$33,189$32,249$31,343$30,472$29,632$28,005
4 years$24,644$23,706$22,810$21,953$21,134$19,564
5 years$19,518$18,586$17,701$16,862$16,066$14,557
6 years$16,102$15,177$14,305$13,485$12,712$11,268
7 years$13,663$12,745$11,888$11,087$10,338$8,958
8 years$11,834$10,925$10,082$9,300$8,577$7,260
9 years$10,413$9,512$8,683$7,922$7,223$5,969
10 years$9,276$8,385$7,570$6,829$6,154$4,962
11 years$8,347$7,464$6,665$5,943$5,293$4,161
12 years$7,573$6,700$5,915$5,213$4,587$3,514
13 years$6,919$6,055$5,285$4,602$4,000$2,984
14 years$6,359$5,503$4,748$4,085$3,506$2,546
15 years$5,873$5,027$4,287$3,643$3,087$2,181
16 years$5,449$4,613$3,887$3,262$2,728$1,875
17 years$5,076$4,248$3,537$2,931$2,419$1,615
18 years$4,744$3,925$3,229$2,641$2,151$1,395
19 years$4,447$3,638$2,956$2,387$1,917$1,208
20 years$4,180$3,381$2,713$2,162$1,712$1,047
21 years$3,939$3,149$2,495$1,962$1,532$909
22 years$3,721$2,939$2,300$1,784$1,374$790
23 years$3,521$2,749$2,123$1,625$1,233$687
24 years$3,339$2,576$1,964$1,482$1,108$599
25 years$3,171$2,417$1,819$1,353$997$522
26 years$3,017$2,272$1,687$1,237$898$455
27 years$2,874$2,138$1,566$1,132$810$397
28 years$2,741$2,015$1,456$1,038$731$347
29 years$2,618$1,901$1,355$951$660$303
30 years$2,504$1,795$1,262$873$596$265
31 years$2,397$1,697$1,177$802$539$232
32 years$2,297$1,606$1,098$737$488$203
33 years$2,203$1,520$1,025$678$441$177
34 years$2,115$1,441$958$624$400$155
35 years$2,032$1,367$895$574$362$136
36 years$1,954$1,297$838$529$328$119
37 years$1,880$1,232$784$487$297$104
38 years$1,810$1,171$734$449$269$91
39 years$1,744$1,113$688$414$244$80
40 years$1,682$1,059$645$382$222$70
41 years$1,622$1,008$605$352$201$61
42 years$1,566$960$567$325$182$54
43 years$1,512$915$532$300$166$47
44 years$1,461$872$500$277$150$41
45 years$1,413$832$469$256$136$36
46 years$1,366$793$441$236$124$32
47 years$1,322$757$414$218$112$28
48 years$1,280$723$389$202$102$24
49 years$1,240$690$366$187$93$21
50 years$1,201$659$344$172$84$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,230,000, adding $2,808 every year, while hoping to spend $43,891 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: 41/49/10 Blend
48$1,230,000$1,230,000$1,230,000$1,230,000
49$1,358,356$1,293,166$1,274,101$1,409,911
50$1,450,209$1,309,832$1,270,084$1,462,994
51$1,549,960$1,325,843$1,264,461$1,515,814
52$1,658,368$1,341,121$1,257,133$1,571,995
53$1,776,268$1,355,583$1,247,993$1,631,862
54$1,904,579$1,369,139$1,236,933$1,695,772
55$2,044,313$1,381,693$1,223,837$1,764,122
56$2,196,582$1,393,145$1,208,585$1,837,349
57$2,362,611$1,403,387$1,191,050$1,915,939
58$2,543,747$1,412,302$1,171,100$2,000,427
59$2,741,473$1,419,769$1,148,596$2,091,406
60$2,957,423$1,425,657$1,123,393$2,189,533
61$3,193,394$1,429,828$1,095,340$2,295,533
62$3,451,364$1,432,134$1,064,279$2,410,207
63$3,733,514$1,432,419$1,030,042$2,534,444
64$4,042,241$1,430,516$992,457$2,669,223
65$4,380,187$1,426,249$951,342$2,815,628
66$4,750,261$1,419,431$906,508$2,974,859
67$5,155,667$1,409,862$857,755$3,148,239
68$5,599,932$1,397,332$804,877$3,337,234
69$6,086,941$1,381,618$747,656$3,543,461
70$6,620,974$1,362,481$685,867$3,768,709
71$7,206,742$1,339,672$619,272$4,014,953
72$7,849,437$1,312,923$547,625$4,284,377
73$8,554,777$1,281,953$470,668$4,579,392
74$9,329,059$1,246,464$388,130$4,902,664
75$10,179,221$1,206,139$299,731$5,257,135
76$11,112,906$1,160,644$205,176$5,646,057
77$12,138,532$1,109,625$104,159$6,073,019
78$13,265,373$1,052,708$0$6,541,986
79$14,503,647$989,496$0$7,057,726
80$15,864,608$919,570$0$7,636,569
81$17,360,657$842,489$0$8,272,766
82$19,005,456$757,783$0$8,972,248
83$20,814,056$664,957$0$9,741,561
84$22,803,039$563,490$0$10,587,928
85$24,990,676$452,828$0$11,519,321
86$27,397,097$332,388$0$12,544,534
87$30,044,480$201,554$0$13,673,270
88$32,957,261$59,674$0$14,916,237
89$36,162,366$0$0$16,285,246
90$39,689,460$0$0$17,843,979
91$43,571,232$0$0$19,595,053
92$47,843,698$0$0$21,522,563
93$52,546,544$0$0$23,644,436
94$57,723,499$0$0$25,980,428
95$63,422,744$0$0$28,552,304
96$69,697,373$0$0$31,384,051
97$76,605,889$0$0$34,502,098
98$84,212,753$0$0$37,935,567
99$92,588,998$0$0$41,716,550
100$101,812,897$0$0$45,880,406