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%11%
1 years$102,398$101,486$100,596$99,727$98,879$98,463
2 years$50,692$49,748$48,833$47,946$47,085$46,665
3 years$33,459$32,511$31,598$30,719$29,873$29,461
4 years$24,844$23,899$22,995$22,132$21,306$20,906
5 years$19,677$18,737$17,845$16,999$16,196$15,810
6 years$16,233$15,300$14,422$13,594$12,815$12,443
7 years$13,774$12,849$11,985$11,177$10,422$10,064
8 years$11,930$11,014$10,164$9,376$8,646$8,302
9 years$10,497$9,590$8,754$7,986$7,282$6,952
10 years$9,352$8,453$7,632$6,884$6,204$5,888
11 years$8,415$7,525$6,719$5,991$5,336$5,034
12 years$7,635$6,754$5,963$5,255$4,624$4,335
13 years$6,975$6,104$5,328$4,640$4,032$3,756
14 years$6,410$5,548$4,787$4,118$3,535$3,272
15 years$5,921$5,068$4,322$3,673$3,112$2,862
16 years$5,494$4,650$3,918$3,289$2,750$2,512
17 years$5,117$4,283$3,566$2,955$2,439$2,213
18 years$4,782$3,957$3,255$2,663$2,168$1,954
19 years$4,483$3,668$2,980$2,406$1,933$1,729
20 years$4,214$3,408$2,735$2,179$1,726$1,534
21 years$3,971$3,174$2,515$1,978$1,545$1,363
22 years$3,751$2,963$2,318$1,798$1,385$1,212
23 years$3,550$2,771$2,141$1,638$1,243$1,080
24 years$3,366$2,597$1,980$1,494$1,117$964
25 years$3,197$2,437$1,834$1,364$1,005$861
26 years$3,041$2,290$1,701$1,247$906$769
27 years$2,897$2,155$1,579$1,142$817$688
28 years$2,764$2,031$1,468$1,046$737$616
29 years$2,640$1,916$1,366$959$665$552
30 years$2,524$1,810$1,272$880$601$495
31 years$2,416$1,711$1,186$809$543$444
32 years$2,315$1,619$1,107$743$492$398
33 years$2,221$1,533$1,033$683$445$357
34 years$2,132$1,453$966$629$403$321
35 years$2,048$1,378$903$579$365$288
36 years$1,969$1,308$844$533$331$259
37 years$1,895$1,242$790$491$300$233
38 years$1,825$1,180$740$453$272$209
39 years$1,758$1,123$693$417$246$188
40 years$1,695$1,068$650$385$223$169
41 years$1,635$1,017$609$355$203$152
42 years$1,579$968$572$328$184$137
43 years$1,525$922$536$303$167$123
44 years$1,473$879$504$279$152$111
45 years$1,424$839$473$258$138$100
46 years$1,378$800$444$238$125$90
47 years$1,333$763$417$220$113$81
48 years$1,290$729$392$203$103$73
49 years$1,250$696$369$188$94$66
50 years$1,211$665$346$174$85$59

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 $5,407 every year, while hoping to spend $24,373 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: 61/15/24 Blend
48$1,240,000$1,240,000$1,240,000$1,240,000
49$1,372,057$1,306,337$1,287,117$1,446,700
50$1,486,074$1,344,415$1,304,303$1,536,045
51$1,610,905$1,383,542$1,321,248$1,630,381
52$1,747,625$1,423,743$1,337,917$1,732,813
53$1,897,421$1,465,045$1,354,276$1,844,133
54$2,061,600$1,507,475$1,370,287$1,965,214
55$2,241,601$1,551,058$1,385,909$2,097,019
56$2,439,007$1,595,824$1,401,100$2,240,606
57$2,655,566$1,641,799$1,415,816$2,397,141
58$2,893,198$1,689,011$1,430,011$2,567,911
59$3,154,022$1,737,491$1,443,634$2,754,330
60$3,440,370$1,787,265$1,456,633$2,957,959
61$3,754,811$1,838,365$1,468,954$3,180,516
62$4,100,177$1,890,820$1,480,539$3,423,894
63$4,479,585$1,944,660$1,491,327$3,690,179
64$4,896,469$1,999,915$1,501,253$3,981,669
65$5,354,615$2,056,617$1,510,251$4,300,896
66$5,858,191$2,114,797$1,518,250$4,650,649
67$6,411,791$2,174,485$1,525,175$5,034,003
68$7,020,473$2,235,715$1,530,948$5,454,346
69$7,689,813$2,298,517$1,535,487$5,915,408
70$8,425,953$2,362,924$1,538,705$6,421,303
71$9,235,661$2,428,967$1,540,512$6,976,563
72$10,126,392$2,496,680$1,540,813$7,586,181
73$11,106,362$2,566,095$1,539,508$8,255,661
74$12,184,621$2,637,245$1,536,492$8,991,065
75$13,371,144$2,710,161$1,531,656$9,799,076
76$14,676,918$2,784,876$1,524,883$10,687,058
77$16,114,051$2,861,422$1,516,054$11,663,124
78$17,695,884$2,939,832$1,505,043$12,736,217
79$19,437,118$3,020,138$1,491,715$13,916,191
80$21,353,950$3,102,370$1,475,933$15,213,904
81$23,464,227$3,186,561$1,457,551$16,641,323
82$25,787,616$3,272,740$1,436,417$18,211,636
83$28,345,787$3,360,938$1,412,371$19,939,374
84$31,162,618$3,451,185$1,385,247$21,840,553
85$34,264,421$3,543,509$1,354,869$23,932,821
86$37,680,190$3,637,938$1,321,054$26,235,628
87$41,441,871$3,734,500$1,283,612$28,770,406
88$45,584,671$3,833,219$1,242,342$31,560,776
89$50,147,382$3,934,121$1,197,035$34,632,766
90$55,172,751$4,037,230$1,147,471$38,015,063
91$60,707,884$4,142,566$1,093,424$41,739,277
92$66,804,687$4,250,150$1,034,652$45,840,247
93$73,520,358$4,360,001$970,906$50,356,362
94$80,917,928$4,472,134$901,925$55,329,931
95$89,066,853$4,586,565$827,436$60,807,579
96$98,043,670$4,703,305$747,153$66,840,686
97$107,932,720$4,822,362$660,778$73,485,877
98$118,826,944$4,943,745$568,001$80,805,552
99$130,828,759$5,067,455$468,496$88,868,478
100$144,051,026$5,193,493$361,923$97,750,437