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

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$103,224$102,304$101,407$100,532$99,677$98,595
2 years$51,101$50,149$49,227$48,333$47,465$46,376
3 years$33,729$32,773$31,853$30,967$30,114$29,051
4 years$25,045$24,092$23,181$22,310$21,477$20,449
5 years$19,835$18,888$17,989$17,136$16,327$15,336
6 years$16,364$15,424$14,538$13,704$12,919$11,967
7 years$13,885$12,953$12,081$11,267$10,506$9,594
8 years$12,027$11,103$10,246$9,451$8,716$7,842
9 years$10,582$9,667$8,825$8,051$7,340$6,505
10 years$9,427$8,521$7,694$6,940$6,254$5,458
11 years$8,483$7,586$6,773$6,040$5,379$4,620
12 years$7,696$6,809$6,011$5,298$4,661$3,939
13 years$7,031$6,153$5,371$4,677$4,065$3,378
14 years$6,462$5,593$4,825$4,152$3,563$2,912
15 years$5,969$5,109$4,357$3,703$3,137$2,520
16 years$5,538$4,688$3,950$3,315$2,773$2,188
17 years$5,158$4,317$3,594$2,979$2,458$1,906
18 years$4,821$3,989$3,281$2,684$2,186$1,664
19 years$4,519$3,697$3,004$2,426$1,948$1,456
20 years$4,248$3,436$2,757$2,197$1,740$1,276
21 years$4,004$3,200$2,536$1,994$1,557$1,121
22 years$3,781$2,987$2,337$1,813$1,396$985
23 years$3,579$2,794$2,158$1,651$1,253$867
24 years$3,393$2,618$1,996$1,506$1,126$764
25 years$3,223$2,457$1,848$1,375$1,014$674
26 years$3,066$2,309$1,714$1,257$913$595
27 years$2,921$2,173$1,592$1,151$823$526
28 years$2,786$2,047$1,480$1,054$743$465
29 years$2,661$1,931$1,377$967$671$411
30 years$2,544$1,824$1,283$887$606$364
31 years$2,436$1,724$1,196$815$548$322
32 years$2,334$1,632$1,116$749$496$285
33 years$2,239$1,545$1,042$689$448$252
34 years$2,149$1,464$973$634$406$224
35 years$2,065$1,389$910$583$368$198
36 years$1,985$1,318$851$537$333$176
37 years$1,910$1,252$797$495$302$156
38 years$1,840$1,190$746$456$274$138
39 years$1,772$1,132$699$421$248$123
40 years$1,709$1,077$655$388$225$109
41 years$1,649$1,025$614$358$204$96
42 years$1,591$976$576$330$185$86
43 years$1,537$930$541$305$168$76
44 years$1,485$886$508$282$153$67
45 years$1,436$845$477$260$139$60
46 years$1,389$806$448$240$126$53
47 years$1,344$770$421$222$114$47
48 years$1,301$735$395$205$104$42
49 years$1,260$702$372$190$94$37
50 years$1,220$670$349$175$86$33

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 $6,093 every year, while hoping to spend $20,243 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: 89/5/6 Blend
48$1,250,000$1,250,000$1,250,000$1,250,000
49$1,383,785$1,317,535$1,298,160$1,506,194
50$1,503,393$1,360,556$1,320,110$1,629,770
51$1,634,522$1,405,006$1,342,117$1,762,139
52$1,778,326$1,450,935$1,364,161$1,907,023
53$1,936,077$1,498,392$1,386,222$2,065,667
54$2,109,174$1,547,430$1,408,277$2,239,448
55$2,299,158$1,598,103$1,430,303$2,429,877
56$2,507,729$1,650,466$1,452,275$2,638,624
57$2,736,756$1,704,578$1,474,165$2,867,523
58$2,988,302$1,760,499$1,495,946$3,118,598
59$3,264,635$1,818,290$1,517,587$3,394,076
60$3,568,258$1,878,016$1,539,056$3,696,412
61$3,901,925$1,939,744$1,560,319$4,028,311
62$4,268,672$2,003,542$1,581,340$4,392,749
63$4,671,843$2,069,482$1,602,081$4,793,009
64$5,115,121$2,137,637$1,622,502$5,232,706
65$5,602,567$2,208,084$1,642,559$5,715,821
66$6,138,652$2,280,903$1,662,208$6,246,743
67$6,728,303$2,356,176$1,681,400$6,830,305
68$7,376,949$2,433,988$1,700,086$7,471,834
69$8,090,571$2,514,427$1,718,212$8,177,196
70$8,875,760$2,597,584$1,735,723$8,952,858
71$9,739,776$2,683,555$1,752,559$9,805,941
72$10,690,621$2,772,437$1,768,657$10,744,294
73$11,737,110$2,864,331$1,783,952$11,776,566
74$12,888,956$2,959,344$1,798,375$12,912,283
75$14,156,862$3,057,585$1,811,853$14,161,944
76$15,552,621$3,159,166$1,824,310$15,537,117
77$17,089,228$3,264,204$1,835,664$17,050,549
78$18,781,001$3,372,823$1,845,831$18,716,283
79$20,643,719$3,485,146$1,854,722$20,549,796
80$22,694,766$3,601,306$1,862,243$22,568,140
81$24,953,300$3,721,438$1,868,295$24,790,105
82$27,440,429$3,845,681$1,872,776$27,236,395
83$30,179,415$3,974,182$1,875,576$29,929,826
84$33,195,890$4,107,092$1,876,583$32,895,537
85$36,518,098$4,244,566$1,875,675$36,161,232
86$40,177,162$4,386,768$1,872,729$39,757,436
87$44,207,379$4,533,866$1,867,611$43,717,787
88$48,646,540$4,686,034$1,860,185$48,079,352
89$53,536,291$4,843,454$1,850,305$52,882,976
90$58,922,523$5,006,313$1,837,820$58,173,669
91$64,855,804$5,174,806$1,822,571$64,001,028
92$71,391,861$5,349,136$1,804,391$70,419,708
93$78,592,099$5,529,512$1,783,107$77,489,936
94$86,524,187$5,716,152$1,758,535$85,278,080
95$95,262,692$5,909,281$1,730,484$93,857,274
96$104,889,785$6,109,135$1,698,754$103,308,111
97$115,496,017$6,315,956$1,663,135$113,719,398
98$127,181,169$6,529,996$1,623,409$125,189,003
99$140,055,200$6,751,518$1,579,346$137,824,768
100$154,239,282$6,980,794$1,530,705$151,745,536