Can I retire at age 49 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$103,224$102,304$101,407$100,532$99,677$98,554
2 years$51,101$50,149$49,227$48,333$47,465$46,335
3 years$33,729$32,773$31,853$30,967$30,114$29,011
4 years$25,045$24,092$23,181$22,310$21,477$20,411
5 years$19,835$18,888$17,989$17,136$16,327$15,299
6 years$16,364$15,424$14,538$13,704$12,919$11,932
7 years$13,885$12,953$12,081$11,267$10,506$9,560
8 years$12,027$11,103$10,246$9,451$8,716$7,810
9 years$10,582$9,667$8,825$8,051$7,340$6,475
10 years$9,427$8,521$7,694$6,940$6,254$5,429
11 years$8,483$7,586$6,773$6,040$5,379$4,593
12 years$7,696$6,809$6,011$5,298$4,661$3,913
13 years$7,031$6,153$5,371$4,677$4,065$3,354
14 years$6,462$5,593$4,825$4,152$3,563$2,889
15 years$5,969$5,109$4,357$3,703$3,137$2,498
16 years$5,538$4,688$3,950$3,315$2,773$2,168
17 years$5,158$4,317$3,594$2,979$2,458$1,887
18 years$4,821$3,989$3,281$2,684$2,186$1,646
19 years$4,519$3,697$3,004$2,426$1,948$1,439
20 years$4,248$3,436$2,757$2,197$1,740$1,261
21 years$4,004$3,200$2,536$1,994$1,557$1,106
22 years$3,781$2,987$2,337$1,813$1,396$972
23 years$3,579$2,794$2,158$1,651$1,253$855
24 years$3,393$2,618$1,996$1,506$1,126$753
25 years$3,223$2,457$1,848$1,375$1,014$663
26 years$3,066$2,309$1,714$1,257$913$585
27 years$2,921$2,173$1,592$1,151$823$517
28 years$2,786$2,047$1,480$1,054$743$456
29 years$2,661$1,931$1,377$967$671$403
30 years$2,544$1,824$1,283$887$606$356
31 years$2,436$1,724$1,196$815$548$315
32 years$2,334$1,632$1,116$749$496$279
33 years$2,239$1,545$1,042$689$448$247
34 years$2,149$1,464$973$634$406$219
35 years$2,065$1,389$910$583$368$194
36 years$1,985$1,318$851$537$333$171
37 years$1,910$1,252$797$495$302$152
38 years$1,840$1,190$746$456$274$135
39 years$1,772$1,132$699$421$248$119
40 years$1,709$1,077$655$388$225$106
41 years$1,649$1,025$614$358$204$94
42 years$1,591$976$576$330$185$83
43 years$1,537$930$541$305$168$74
44 years$1,485$886$508$282$153$65
45 years$1,436$845$477$260$139$58
46 years$1,389$806$448$240$126$51
47 years$1,344$770$421$222$114$46
48 years$1,301$735$395$205$104$40
49 years$1,260$702$372$190$94$36
50 years$1,220$670$349$175$86$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,250,000, adding $6,340 every year, while hoping to spend $55,858 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: 42/35/23 Blend
48$1,250,000$1,250,000$1,250,000$1,250,000
49$1,384,040$1,317,790$1,298,415$1,432,612
50$1,465,779$1,322,929$1,282,479$1,473,010
51$1,553,984$1,326,448$1,264,138$1,510,893
52$1,649,255$1,328,208$1,243,250$1,550,800
53$1,752,251$1,328,063$1,219,672$1,592,948
54$1,863,699$1,325,855$1,193,248$1,637,578
55$1,984,394$1,321,421$1,163,821$1,684,961
56$2,115,214$1,314,582$1,131,221$1,735,398
57$2,257,124$1,305,154$1,095,274$1,789,225
58$2,411,181$1,292,938$1,055,797$1,846,818
59$2,578,553$1,277,724$1,012,598$1,908,592
60$2,760,523$1,259,289$965,476$1,975,013
61$2,958,500$1,237,398$914,224$2,046,598
62$3,174,038$1,211,801$858,621$2,123,920
63$3,408,844$1,182,234$798,439$2,207,621
64$3,664,799$1,148,416$733,440$2,298,410
65$3,943,971$1,110,051$663,373$2,397,077
66$4,248,638$1,066,826$587,978$2,504,498
67$4,581,306$1,018,407$506,981$2,621,648
68$4,944,734$964,443$420,100$2,749,607
69$5,341,960$904,564$327,036$2,889,574
70$5,776,328$838,376$227,480$3,042,880
71$6,251,520$765,464$121,108$3,210,998
72$6,771,592$685,388$7,582$3,395,566
73$7,341,007$597,684$0$3,598,394
74$7,964,681$501,862$0$3,849,362
75$8,648,030$397,405$0$4,126,622
76$9,397,015$283,764$0$4,430,867
77$10,218,203$160,361$0$4,764,926
78$11,118,827$26,586$0$5,131,920
79$12,106,854$0$0$5,535,300
80$13,191,058$0$0$6,024,401
81$14,381,103$0$0$6,572,652
82$15,687,636$0$0$7,174,738
83$17,122,386$0$0$7,836,084
84$18,698,269$0$0$8,562,668
85$20,429,519$0$0$9,361,073
86$22,331,814$0$0$10,238,553
87$24,422,425$0$0$11,203,100
88$26,720,380$0$0$12,263,518
89$29,246,643$0$0$13,429,505
90$32,024,309$0$0$14,711,750
91$35,078,824$0$0$16,122,024
92$38,438,223$0$0$17,673,302
93$42,133,394$0$0$19,379,875
94$46,198,368$0$0$21,257,492
95$50,670,641$0$0$23,323,502
96$55,591,528$0$0$25,597,025
97$61,006,547$0$0$28,099,125
98$66,965,857$0$0$30,853,012
99$73,524,720$0$0$33,884,260
100$80,744,031$0$0$37,221,049