Can I retire at age 49 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$102,398$101,486$100,596$99,727$98,879$94,919
2 years$50,692$49,748$48,833$47,946$47,085$43,145
3 years$33,459$32,511$31,598$30,719$29,873$26,077
4 years$24,844$23,899$22,995$22,132$21,306$17,682
5 years$19,677$18,737$17,845$16,999$16,196$12,755
6 years$16,233$15,300$14,422$13,594$12,815$9,559
7 years$13,774$12,849$11,985$11,177$10,422$7,349
8 years$11,930$11,014$10,164$9,376$8,646$5,753
9 years$10,497$9,590$8,754$7,986$7,282$4,564
10 years$9,352$8,453$7,632$6,884$6,204$3,657
11 years$8,415$7,525$6,719$5,991$5,336$2,952
12 years$7,635$6,754$5,963$5,255$4,624$2,398
13 years$6,975$6,104$5,328$4,640$4,032$1,957
14 years$6,410$5,548$4,787$4,118$3,535$1,603
15 years$5,921$5,068$4,322$3,673$3,112$1,318
16 years$5,494$4,650$3,918$3,289$2,750$1,086
17 years$5,117$4,283$3,566$2,955$2,439$896
18 years$4,782$3,957$3,255$2,663$2,168$741
19 years$4,483$3,668$2,980$2,406$1,933$613
20 years$4,214$3,408$2,735$2,179$1,726$508
21 years$3,971$3,174$2,515$1,978$1,545$422
22 years$3,751$2,963$2,318$1,798$1,385$350
23 years$3,550$2,771$2,141$1,638$1,243$291
24 years$3,366$2,597$1,980$1,494$1,117$242
25 years$3,197$2,437$1,834$1,364$1,005$201
26 years$3,041$2,290$1,701$1,247$906$167
27 years$2,897$2,155$1,579$1,142$817$139
28 years$2,764$2,031$1,468$1,046$737$116
29 years$2,640$1,916$1,366$959$665$96
30 years$2,524$1,810$1,272$880$601$80
31 years$2,416$1,711$1,186$809$543$67
32 years$2,315$1,619$1,107$743$492$56
33 years$2,221$1,533$1,033$683$445$46
34 years$2,132$1,453$966$629$403$39
35 years$2,048$1,378$903$579$365$32
36 years$1,969$1,308$844$533$331$27
37 years$1,895$1,242$790$491$300$22
38 years$1,825$1,180$740$453$272$19
39 years$1,758$1,123$693$417$246$16
40 years$1,695$1,068$650$385$223$13
41 years$1,635$1,017$609$355$203$11
42 years$1,579$968$572$328$184$9
43 years$1,525$922$536$303$167$7
44 years$1,473$879$504$279$152$6
45 years$1,424$839$473$258$138$5
46 years$1,378$800$444$238$125$4
47 years$1,333$763$417$220$113$4
48 years$1,290$729$392$203$103$3
49 years$1,250$696$369$188$94$3
50 years$1,211$665$346$174$85$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,240,000, adding $4,716 every year, while hoping to spend $51,110 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: 66/12/22 Blend
48$1,240,000$1,240,000$1,240,000$1,240,000
49$1,371,345$1,305,625$1,286,405$1,453,856
50$1,456,841$1,315,220$1,275,118$1,519,455
51$1,549,345$1,323,572$1,261,741$1,584,883
52$1,649,518$1,330,566$1,246,149$1,655,218
53$1,758,085$1,336,081$1,228,212$1,730,944
54$1,875,847$1,339,985$1,207,794$1,812,595
55$2,003,681$1,342,142$1,184,752$1,900,760
56$2,142,554$1,342,404$1,158,939$1,996,089
57$2,293,528$1,340,616$1,130,197$2,099,302
58$2,457,773$1,336,612$1,098,364$2,211,191
59$2,636,576$1,330,216$1,063,270$2,332,630
60$2,831,353$1,321,242$1,024,735$2,464,586
61$3,043,661$1,309,493$982,573$2,608,125
62$3,275,214$1,294,758$936,590$2,764,422
63$3,527,901$1,276,816$886,581$2,934,778
64$3,803,798$1,255,432$832,332$3,120,624
65$4,105,193$1,230,355$773,622$3,323,541
66$4,434,602$1,201,322$710,218$3,545,276
67$4,794,797$1,168,052$641,876$3,787,753
68$5,188,830$1,130,250$568,342$4,053,097
69$5,620,060$1,087,602$489,352$4,343,652
70$6,092,188$1,039,777$404,627$4,662,005
71$6,609,288$986,422$313,879$5,011,009
72$7,175,847$927,168$216,805$5,393,812
73$7,796,805$861,621$113,090$5,813,888
74$8,477,605$789,367$2,404$6,275,067
75$9,224,241$709,967$0$6,781,577
76$10,043,315$622,956$0$7,365,241
77$10,942,097$527,845$0$8,006,408
78$11,928,598$424,116$0$8,710,271
79$13,011,639$311,222$0$9,483,178
80$14,200,940$188,585$0$10,332,125
81$15,507,206$55,596$0$11,264,820
82$16,942,231$0$0$12,289,760
83$18,519,007$0$0$13,427,979
84$20,251,847$0$0$14,687,009
85$22,156,520$0$0$16,070,975
86$24,250,398$0$0$17,592,511
87$26,552,619$0$0$19,265,536
88$29,084,271$0$0$21,105,385
89$31,868,584$0$0$23,128,954
90$34,931,156$0$0$25,354,858
91$38,300,187$0$0$27,803,606
92$42,006,749$0$0$30,497,798
93$46,085,080$0$0$33,462,331
94$50,572,900$0$0$36,724,639
95$55,511,772$0$0$40,314,952
96$60,947,493$0$0$44,266,574
97$66,930,524$0$0$48,616,207
98$73,516,465$0$0$53,404,287
99$80,766,581$0$0$58,675,372
100$88,748,379$0$0$64,478,558