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

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$105,701$104,760$103,841$102,944$102,069$99,120
2 years$52,327$51,353$50,408$49,493$48,604$45,656
3 years$34,538$33,560$32,618$31,710$30,837$27,982
4 years$25,646$24,670$23,737$22,846$21,993$19,254
5 years$20,311$19,341$18,421$17,548$16,719$14,103
6 years$16,756$15,794$14,887$14,033$13,229$10,739
7 years$14,218$13,264$12,371$11,537$10,759$8,394
8 years$12,315$11,369$10,492$9,678$8,925$6,685
9 years$10,836$9,899$9,036$8,244$7,516$5,398
10 years$9,653$8,726$7,878$7,106$6,404$4,405
11 years$8,686$7,768$6,936$6,185$5,508$3,624
12 years$7,881$6,972$6,155$5,425$4,773$3,001
13 years$7,200$6,301$5,499$4,789$4,162$2,498
14 years$6,617$5,727$4,941$4,251$3,649$2,088
15 years$6,112$5,232$4,461$3,791$3,212$1,752
16 years$5,671$4,800$4,045$3,395$2,839$1,474
17 years$5,282$4,421$3,681$3,050$2,517$1,243
18 years$4,936$4,085$3,360$2,749$2,238$1,050
19 years$4,628$3,786$3,076$2,484$1,995$889
20 years$4,350$3,518$2,823$2,250$1,782$753
21 years$4,100$3,277$2,596$2,042$1,595$639
22 years$3,872$3,059$2,393$1,856$1,429$543
23 years$3,664$2,861$2,210$1,691$1,283$461
24 years$3,475$2,680$2,043$1,542$1,153$392
25 years$3,300$2,515$1,893$1,408$1,038$334
26 years$3,139$2,364$1,755$1,288$935$284
27 years$2,991$2,225$1,630$1,179$843$242
28 years$2,853$2,097$1,515$1,080$761$206
29 years$2,725$1,978$1,410$990$687$176
30 years$2,606$1,868$1,313$909$621$150
31 years$2,494$1,766$1,225$835$561$128
32 years$2,390$1,671$1,142$767$507$109
33 years$2,292$1,582$1,067$705$459$93
34 years$2,201$1,500$997$649$416$79
35 years$2,114$1,422$932$597$377$68
36 years$2,033$1,350$872$550$341$58
37 years$1,956$1,282$816$507$309$49
38 years$1,884$1,219$764$467$280$42
39 years$1,815$1,159$716$431$254$36
40 years$1,750$1,102$671$397$231$31
41 years$1,688$1,049$629$367$209$26
42 years$1,630$999$590$338$190$22
43 years$1,574$952$554$312$172$19
44 years$1,521$908$520$288$156$16
45 years$1,470$866$488$266$142$14
46 years$1,422$826$458$246$129$12
47 years$1,376$788$431$227$117$10
48 years$1,332$752$405$210$106$9
49 years$1,290$718$380$194$97$7
50 years$1,250$686$358$179$88$6

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 $3,934 every year, while hoping to spend $32,826 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: 44/41/15 Blend
48$1,280,000$1,280,000$1,280,000$1,280,000
49$1,414,618$1,346,778$1,326,938$1,470,580
50$1,523,982$1,377,843$1,336,464$1,541,175
51$1,643,402$1,409,331$1,345,208$1,614,054
52$1,773,867$1,441,227$1,353,111$1,692,337
53$1,916,469$1,473,514$1,360,108$1,776,535
54$2,072,409$1,506,177$1,366,132$1,867,214
55$2,243,010$1,539,194$1,371,112$1,964,994
56$2,429,727$1,572,545$1,374,975$2,070,562
57$2,634,164$1,606,205$1,377,641$2,184,672
58$2,858,087$1,640,146$1,379,030$2,308,157
59$3,103,440$1,674,342$1,379,056$2,441,933
60$3,372,364$1,708,758$1,377,627$2,587,012
61$3,667,218$1,743,360$1,374,651$2,744,507
62$3,990,600$1,778,111$1,370,028$2,915,645
63$4,345,371$1,812,968$1,363,653$3,101,782
64$4,734,682$1,847,886$1,355,419$3,304,408
65$5,162,004$1,882,817$1,345,210$3,525,167
66$5,631,161$1,917,708$1,332,907$3,765,874
67$6,146,365$1,952,501$1,318,385$4,028,525
68$6,712,256$1,987,135$1,301,513$4,315,325
69$7,333,945$2,021,544$1,282,152$4,628,702
70$8,017,063$2,055,655$1,260,160$4,971,333
71$8,767,814$2,089,392$1,235,386$5,346,169
72$9,593,031$2,122,672$1,207,671$5,756,465
73$10,500,243$2,155,406$1,176,851$6,205,807
74$11,497,746$2,187,499$1,142,753$6,698,150
75$12,594,678$2,218,849$1,105,197$7,237,853
76$13,801,108$2,249,345$1,063,994$7,829,723
77$15,128,130$2,278,872$1,018,947$8,479,058
78$16,587,966$2,307,304$969,849$9,191,698
79$18,194,084$2,334,507$916,484$9,974,083
80$19,961,321$2,360,339$858,627$10,833,311
81$21,906,027$2,384,647$796,043$11,777,207
82$24,046,216$2,407,268$728,484$12,814,399
83$26,401,735$2,428,030$655,694$13,954,397
84$28,994,456$2,446,747$577,403$15,207,683
85$31,848,477$2,463,224$493,332$16,585,815
86$34,990,350$2,477,250$403,187$18,101,532
87$38,449,334$2,488,604$306,662$19,768,878
88$42,257,668$2,497,047$203,438$21,603,335
89$46,450,877$2,502,330$93,180$23,621,968
90$51,068,106$2,504,183$0$25,843,588
91$56,152,488$2,502,324$0$28,292,851
92$61,751,553$2,496,449$0$31,004,866
93$67,917,676$2,486,239$0$33,989,960
94$74,708,568$2,471,354$0$37,275,971
95$82,187,825$2,451,433$0$40,893,579
96$90,425,524$2,426,094$0$44,876,599
97$99,498,886$2,394,932$0$49,262,298
98$109,493,005$2,357,516$0$54,091,753
99$120,501,649$2,313,392$0$59,410,232
100$132,628,146$2,262,077$0$65,267,630