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

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$101,572$100,667$99,785$98,923$98,082$94,339
2 years$50,283$49,347$48,439$47,559$46,706$42,979
3 years$33,189$32,249$31,343$30,472$29,632$26,039
4 years$24,644$23,706$22,810$21,953$21,134$17,701
5 years$19,518$18,586$17,701$16,862$16,066$12,803
6 years$16,102$15,177$14,305$13,485$12,712$9,621
7 years$13,663$12,745$11,888$11,087$10,338$7,418
8 years$11,834$10,925$10,082$9,300$8,577$5,824
9 years$10,413$9,512$8,683$7,922$7,223$4,634
10 years$9,276$8,385$7,570$6,829$6,154$3,725
11 years$8,347$7,464$6,665$5,943$5,293$3,017
12 years$7,573$6,700$5,915$5,213$4,587$2,459
13 years$6,919$6,055$5,285$4,602$4,000$2,014
14 years$6,359$5,503$4,748$4,085$3,506$1,656
15 years$5,873$5,027$4,287$3,643$3,087$1,366
16 years$5,449$4,613$3,887$3,262$2,728$1,129
17 years$5,076$4,248$3,537$2,931$2,419$935
18 years$4,744$3,925$3,229$2,641$2,151$776
19 years$4,447$3,638$2,956$2,387$1,917$645
20 years$4,180$3,381$2,713$2,162$1,712$537
21 years$3,939$3,149$2,495$1,962$1,532$447
22 years$3,721$2,939$2,300$1,784$1,374$373
23 years$3,521$2,749$2,123$1,625$1,233$311
24 years$3,339$2,576$1,964$1,482$1,108$259
25 years$3,171$2,417$1,819$1,353$997$217
26 years$3,017$2,272$1,687$1,237$898$181
27 years$2,874$2,138$1,566$1,132$810$151
28 years$2,741$2,015$1,456$1,038$731$126
29 years$2,618$1,901$1,355$951$660$106
30 years$2,504$1,795$1,262$873$596$88
31 years$2,397$1,697$1,177$802$539$74
32 years$2,297$1,606$1,098$737$488$62
33 years$2,203$1,520$1,025$678$441$52
34 years$2,115$1,441$958$624$400$43
35 years$2,032$1,367$895$574$362$36
36 years$1,954$1,297$838$529$328$30
37 years$1,880$1,232$784$487$297$25
38 years$1,810$1,171$734$449$269$21
39 years$1,744$1,113$688$414$244$18
40 years$1,682$1,059$645$382$222$15
41 years$1,622$1,008$605$352$201$12
42 years$1,566$960$567$325$182$10
43 years$1,512$915$532$300$166$9
44 years$1,461$872$500$277$150$7
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$4
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

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 $3,926 every year, while hoping to spend $24,376 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: 85/8/7 Blend
48$1,230,000$1,230,000$1,230,000$1,230,000
49$1,359,510$1,294,320$1,275,255$1,473,954
50$1,472,244$1,331,805$1,292,040$1,586,700
51$1,595,660$1,370,311$1,308,570$1,706,807
52$1,730,822$1,409,861$1,324,812$1,837,985
53$1,878,900$1,450,479$1,340,728$1,981,332
54$2,041,187$1,492,191$1,356,281$2,138,054
55$2,219,102$1,535,022$1,371,430$2,309,483
56$2,414,210$1,578,998$1,386,133$2,497,084
57$2,628,234$1,624,144$1,400,344$2,702,469
58$2,863,075$1,670,488$1,414,016$2,927,417
59$3,120,822$1,718,055$1,427,099$3,173,884
60$3,403,779$1,766,873$1,439,540$3,444,027
61$3,714,484$1,816,969$1,451,284$3,740,222
62$4,055,732$1,868,371$1,462,272$4,065,084
63$4,430,601$1,921,106$1,472,443$4,421,496
64$4,842,485$1,975,203$1,481,732$4,812,632
65$5,295,119$2,030,689$1,490,071$5,241,992
66$5,792,621$2,087,592$1,497,389$5,713,428
67$6,339,527$2,145,943$1,503,609$6,231,186
68$6,940,833$2,205,768$1,508,654$6,799,943
69$7,602,044$2,267,097$1,512,440$7,424,853
70$8,329,226$2,329,958$1,514,881$8,111,593
71$9,129,061$2,394,380$1,515,884$8,866,419
72$10,008,913$2,460,392$1,515,353$9,696,223
73$10,976,893$2,528,023$1,513,189$10,608,600
74$12,041,940$2,597,299$1,509,284$11,611,915
75$13,213,902$2,668,251$1,503,529$12,715,390
76$14,503,630$2,740,905$1,495,807$13,929,181
77$15,923,080$2,815,290$1,485,997$15,264,483
78$17,485,427$2,891,432$1,473,971$16,733,629
79$19,205,187$2,969,358$1,459,595$18,350,208
80$21,098,353$3,049,094$1,442,729$20,129,195
81$23,182,551$3,130,666$1,423,226$22,087,091
82$25,477,201$3,214,098$1,400,934$24,242,077
83$28,003,701$3,299,414$1,375,690$26,614,187
84$30,785,630$3,386,637$1,347,327$29,225,499
85$33,848,971$3,475,788$1,315,669$32,100,340
86$37,222,353$3,566,890$1,280,532$35,265,516
87$40,937,326$3,659,960$1,241,722$38,750,565
88$45,028,651$3,755,016$1,199,038$42,588,038
89$49,534,638$3,852,076$1,152,270$46,813,804
90$54,497,496$3,951,153$1,101,196$51,467,388
91$59,963,741$4,052,260$1,045,587$56,592,344
92$65,984,629$4,155,407$985,201$62,236,668
93$72,616,643$4,260,603$919,786$68,453,250
94$79,922,021$4,367,854$849,080$75,300,372
95$87,969,351$4,477,162$772,807$82,842,258
96$96,834,209$4,588,528$690,681$91,149,682
97$106,599,880$4,701,948$602,401$100,300,634
98$117,358,141$4,817,416$507,654$110,381,058
99$129,210,123$4,934,921$406,113$121,485,662
100$142,267,274$5,054,450$297,435$133,718,811