Can I retire at age 49 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$105,701$104,760$103,841$102,944$102,069$100,254
2 years$52,327$51,353$50,408$49,493$48,604$46,782
3 years$34,538$33,560$32,618$31,710$30,837$29,064
4 years$25,646$24,670$23,737$22,846$21,993$20,283
5 years$20,311$19,341$18,421$17,548$16,719$15,077
6 years$16,756$15,794$14,887$14,033$13,229$11,657
7 years$14,218$13,264$12,371$11,537$10,759$9,257
8 years$12,315$11,369$10,492$9,678$8,925$7,493
9 years$10,836$9,899$9,036$8,244$7,516$6,154
10 years$9,653$8,726$7,878$7,106$6,404$5,109
11 years$8,686$7,768$6,936$6,185$5,508$4,279
12 years$7,881$6,972$6,155$5,425$4,773$3,609
13 years$7,200$6,301$5,499$4,789$4,162$3,061
14 years$6,617$5,727$4,941$4,251$3,649$2,609
15 years$6,112$5,232$4,461$3,791$3,212$2,231
16 years$5,671$4,800$4,045$3,395$2,839$1,915
17 years$5,282$4,421$3,681$3,050$2,517$1,648
18 years$4,936$4,085$3,360$2,749$2,238$1,421
19 years$4,628$3,786$3,076$2,484$1,995$1,228
20 years$4,350$3,518$2,823$2,250$1,782$1,063
21 years$4,100$3,277$2,596$2,042$1,595$922
22 years$3,872$3,059$2,393$1,856$1,429$800
23 years$3,664$2,861$2,210$1,691$1,283$695
24 years$3,475$2,680$2,043$1,542$1,153$604
25 years$3,300$2,515$1,893$1,408$1,038$526
26 years$3,139$2,364$1,755$1,288$935$458
27 years$2,991$2,225$1,630$1,179$843$399
28 years$2,853$2,097$1,515$1,080$761$348
29 years$2,725$1,978$1,410$990$687$304
30 years$2,606$1,868$1,313$909$621$265
31 years$2,494$1,766$1,225$835$561$231
32 years$2,390$1,671$1,142$767$507$202
33 years$2,292$1,582$1,067$705$459$176
34 years$2,201$1,500$997$649$416$154
35 years$2,114$1,422$932$597$377$135
36 years$2,033$1,350$872$550$341$118
37 years$1,956$1,282$816$507$309$103
38 years$1,884$1,219$764$467$280$90
39 years$1,815$1,159$716$431$254$79
40 years$1,750$1,102$671$397$231$69
41 years$1,688$1,049$629$367$209$60
42 years$1,630$999$590$338$190$52
43 years$1,574$952$554$312$172$46
44 years$1,521$908$520$288$156$40
45 years$1,470$866$488$266$142$35
46 years$1,422$826$458$246$129$31
47 years$1,376$788$431$227$117$27
48 years$1,332$752$405$210$106$23
49 years$1,290$718$380$194$97$21
50 years$1,250$686$358$179$88$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,280,000, adding $6,908 every year, while hoping to spend $22,018 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: 36/34/30 Blend
48$1,280,000$1,280,000$1,280,000$1,280,000
49$1,417,686$1,349,846$1,330,006$1,455,776
50$1,538,863$1,392,561$1,351,134$1,527,573
51$1,671,662$1,436,632$1,372,232$1,602,564
52$1,817,245$1,482,100$1,393,276$1,683,109
53$1,976,893$1,529,012$1,414,239$1,769,726
54$2,152,014$1,577,412$1,435,095$1,862,980
55$2,344,163$1,627,349$1,455,814$1,963,497
56$2,555,050$1,678,871$1,476,365$2,071,962
57$2,786,557$1,732,028$1,496,716$2,189,131
58$3,040,762$1,786,873$1,516,832$2,315,836
59$3,319,950$1,843,460$1,536,676$2,452,990
60$3,626,640$1,901,845$1,556,209$2,601,601
61$3,963,605$1,962,083$1,575,391$2,762,778
62$4,333,903$2,024,236$1,594,176$2,937,740
63$4,740,901$2,088,363$1,612,521$3,127,832
64$5,188,308$2,154,528$1,630,376$3,334,531
65$5,680,212$2,222,796$1,647,689$3,559,468
66$6,221,114$2,293,234$1,664,408$3,804,436
67$6,815,977$2,365,911$1,680,475$4,071,409
68$7,470,265$2,440,899$1,695,829$4,362,563
69$8,190,001$2,518,272$1,710,408$4,680,295
70$8,981,820$2,598,106$1,724,146$5,027,243
71$9,853,032$2,680,480$1,736,971$5,406,313
72$10,811,692$2,765,475$1,748,811$5,820,707
73$11,866,676$2,853,174$1,759,587$6,273,953
74$13,027,762$2,943,665$1,769,218$6,769,935
75$14,305,725$3,037,036$1,777,619$7,312,934
76$15,712,438$3,133,380$1,784,698$7,907,664
77$17,260,984$3,232,792$1,790,362$8,559,320
78$18,965,776$3,335,371$1,794,511$9,273,625
79$20,842,698$3,441,217$1,797,040$10,056,885
80$22,909,252$3,550,436$1,797,840$10,916,045
81$25,184,724$3,663,135$1,796,796$11,858,760
82$27,690,363$3,779,426$1,793,786$12,893,464
83$30,449,588$3,899,425$1,788,685$14,029,446
84$33,488,199$4,023,251$1,781,359$15,276,947
85$36,834,630$4,151,025$1,771,670$16,647,245
86$40,520,213$4,282,875$1,759,471$18,152,772
87$44,579,471$4,418,933$1,744,610$19,807,222
88$49,050,448$4,559,332$1,726,926$21,625,687
89$53,975,068$4,704,213$1,706,251$23,624,797
90$59,399,524$4,853,719$1,682,410$25,822,876
91$65,374,724$5,007,999$1,655,220$28,240,114
92$71,956,763$5,167,208$1,624,486$30,898,762
93$79,207,454$5,331,503$1,590,008$33,823,336
94$87,194,916$5,501,048$1,551,575$37,040,853
95$95,994,210$5,676,012$1,508,965$40,581,084
96$105,688,053$5,856,570$1,461,949$44,476,835
97$116,367,595$6,042,902$1,410,285$48,764,256
98$128,133,279$6,235,194$1,353,719$53,483,184
99$141,095,793$6,433,639$1,291,988$58,677,518
100$155,377,111$6,638,434$1,224,817$64,395,632