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%15.3%
1 years$105,701$104,760$103,841$102,944$102,069$99,845
2 years$52,327$51,353$50,408$49,493$48,604$46,375
3 years$34,538$33,560$32,618$31,710$30,837$28,671
4 years$25,646$24,670$23,737$22,846$21,993$19,908
5 years$20,311$19,341$18,421$17,548$16,719$14,721
6 years$16,756$15,794$14,887$14,033$13,229$11,320
7 years$14,218$13,264$12,371$11,537$10,759$8,939
8 years$12,315$11,369$10,492$9,678$8,925$7,194
9 years$10,836$9,899$9,036$8,244$7,516$5,872
10 years$9,653$8,726$7,878$7,106$6,404$4,846
11 years$8,686$7,768$6,936$6,185$5,508$4,033
12 years$7,881$6,972$6,155$5,425$4,773$3,380
13 years$7,200$6,301$5,499$4,789$4,162$2,848
14 years$6,617$5,727$4,941$4,251$3,649$2,410
15 years$6,112$5,232$4,461$3,791$3,212$2,047
16 years$5,671$4,800$4,045$3,395$2,839$1,745
17 years$5,282$4,421$3,681$3,050$2,517$1,491
18 years$4,936$4,085$3,360$2,749$2,238$1,276
19 years$4,628$3,786$3,076$2,484$1,995$1,095
20 years$4,350$3,518$2,823$2,250$1,782$941
21 years$4,100$3,277$2,596$2,042$1,595$809
22 years$3,872$3,059$2,393$1,856$1,429$697
23 years$3,664$2,861$2,210$1,691$1,283$601
24 years$3,475$2,680$2,043$1,542$1,153$518
25 years$3,300$2,515$1,893$1,408$1,038$448
26 years$3,139$2,364$1,755$1,288$935$387
27 years$2,991$2,225$1,630$1,179$843$334
28 years$2,853$2,097$1,515$1,080$761$289
29 years$2,725$1,978$1,410$990$687$250
30 years$2,606$1,868$1,313$909$621$216
31 years$2,494$1,766$1,225$835$561$187
32 years$2,390$1,671$1,142$767$507$162
33 years$2,292$1,582$1,067$705$459$140
34 years$2,201$1,500$997$649$416$122
35 years$2,114$1,422$932$597$377$105
36 years$2,033$1,350$872$550$341$91
37 years$1,956$1,282$816$507$309$79
38 years$1,884$1,219$764$467$280$69
39 years$1,815$1,159$716$431$254$59
40 years$1,750$1,102$671$397$231$52
41 years$1,688$1,049$629$367$209$45
42 years$1,630$999$590$338$190$39
43 years$1,574$952$554$312$172$34
44 years$1,521$908$520$288$156$29
45 years$1,470$866$488$266$142$25
46 years$1,422$826$458$246$129$22
47 years$1,376$788$431$227$117$19
48 years$1,332$752$405$210$106$16
49 years$1,290$718$380$194$97$14
50 years$1,250$686$358$179$88$12

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 $3,921 every year, while hoping to spend $38,653 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: 57/31/12 Blend
48$1,280,000$1,280,000$1,280,000$1,280,000
49$1,414,605$1,346,765$1,326,925$1,490,776
50$1,517,768$1,371,629$1,330,250$1,567,570
51$1,630,158$1,396,417$1,332,391$1,646,593
52$1,752,676$1,421,084$1,333,268$1,731,785
53$1,886,312$1,445,580$1,332,796$1,823,741
54$2,032,158$1,469,855$1,330,886$1,923,119
55$2,191,413$1,493,853$1,327,446$2,030,644
56$2,365,399$1,517,514$1,322,378$2,147,115
57$2,555,571$1,540,774$1,315,579$2,273,411
58$2,763,532$1,563,564$1,306,943$2,410,504
59$2,991,044$1,585,810$1,296,357$2,559,463
60$3,240,049$1,607,434$1,283,704$2,721,469
61$3,512,687$1,628,351$1,268,861$2,897,821
62$3,811,312$1,648,471$1,251,699$3,089,954
63$4,138,516$1,667,697$1,232,081$3,299,449
64$4,497,157$1,685,926$1,209,868$3,528,049
65$4,890,379$1,703,048$1,184,911$3,777,675
66$5,321,647$1,718,947$1,157,055$4,050,447
67$5,794,777$1,733,497$1,126,138$4,348,700
68$6,313,971$1,746,565$1,091,990$4,675,011
69$6,883,858$1,758,009$1,054,434$5,032,219
70$7,509,539$1,767,679$1,013,285$5,423,456
71$8,196,631$1,775,414$968,349$5,852,175
72$8,951,321$1,781,043$919,422$6,322,180
73$9,780,426$1,784,385$866,293$6,837,670
74$10,691,456$1,785,246$808,741$7,403,272
75$11,692,685$1,783,423$746,534$8,024,087
76$12,793,225$1,778,698$679,429$8,705,739
77$14,003,119$1,770,839$607,176$9,454,430
78$15,333,430$1,759,603$529,508$10,276,996
79$16,796,345$1,744,728$446,152$11,180,976
80$18,405,293$1,725,940$356,818$12,174,678
81$20,175,068$1,702,947$261,208$13,267,264
82$22,121,973$1,675,439$159,006$14,468,834
83$24,263,966$1,643,088$49,885$15,790,523
84$26,620,838$1,605,547$0$17,244,606
85$29,214,393$1,562,448$0$18,853,138
86$32,068,654$1,513,400$0$20,629,885
87$35,210,093$1,457,993$0$22,584,946
88$38,667,877$1,395,790$0$24,736,500
89$42,474,146$1,326,329$0$27,104,585
90$46,664,312$1,249,122$0$29,711,286
91$51,277,395$1,163,653$0$32,580,946
92$56,356,393$1,069,375$0$35,740,393
93$61,948,682$965,712$0$39,219,202
94$68,106,469$852,053$0$43,049,964
95$74,887,280$727,754$0$47,268,605
96$82,354,502$592,134$0$51,914,720
97$90,577,986$444,474$0$57,031,949
98$99,634,701$284,013$0$62,668,394
99$109,609,459$109,948$0$68,877,067
100$120,595,721$0$0$75,716,398