Can I retire at age 49 with 1,290,000?

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 $1,290,000?

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$106,527$105,578$104,652$103,749$102,866$100,625
2 years$52,736$51,754$50,802$49,879$48,984$46,737
3 years$34,808$33,822$32,872$31,958$31,077$28,895
4 years$25,846$24,863$23,923$23,024$22,165$20,064
5 years$20,470$19,493$18,565$17,685$16,849$14,836
6 years$16,887$15,917$15,003$14,143$13,332$11,408
7 years$14,329$13,367$12,468$11,627$10,843$9,009
8 years$12,411$11,458$10,574$9,754$8,995$7,250
9 years$10,921$9,976$9,107$8,308$7,575$5,918
10 years$9,729$8,794$7,940$7,162$6,454$4,884
11 years$8,754$7,829$6,990$6,233$5,551$4,065
12 years$7,943$7,026$6,203$5,467$4,810$3,406
13 years$7,256$6,350$5,542$4,827$4,195$2,870
14 years$6,669$5,772$4,980$4,284$3,677$2,429
15 years$6,160$5,273$4,496$3,821$3,238$2,063
16 years$5,715$4,838$4,076$3,421$2,861$1,758
17 years$5,323$4,455$3,709$3,074$2,537$1,502
18 years$4,975$4,117$3,386$2,770$2,256$1,286
19 years$4,664$3,815$3,100$2,503$2,011$1,103
20 years$4,384$3,545$2,845$2,267$1,796$948
21 years$4,132$3,302$2,617$2,058$1,607$815
22 years$3,902$3,083$2,412$1,871$1,441$702
23 years$3,693$2,883$2,227$1,704$1,293$605
24 years$3,502$2,701$2,059$1,554$1,162$522
25 years$3,326$2,535$1,907$1,419$1,046$451
26 years$3,164$2,383$1,769$1,298$942$390
27 years$3,014$2,242$1,643$1,188$849$337
28 years$2,875$2,113$1,527$1,088$766$291
29 years$2,746$1,993$1,421$998$692$252
30 years$2,626$1,882$1,324$916$625$218
31 years$2,514$1,780$1,234$841$565$189
32 years$2,409$1,684$1,151$773$511$163
33 years$2,310$1,595$1,075$711$463$142
34 years$2,218$1,511$1,004$654$419$123
35 years$2,131$1,433$939$602$380$106
36 years$2,049$1,361$879$555$344$92
37 years$1,971$1,292$822$511$312$80
38 years$1,898$1,228$770$471$283$69
39 years$1,829$1,168$721$434$256$60
40 years$1,764$1,111$676$400$232$52
41 years$1,701$1,058$634$370$211$45
42 years$1,642$1,007$595$341$191$39
43 years$1,586$960$558$315$174$34
44 years$1,533$915$524$291$158$29
45 years$1,482$872$492$268$143$25
46 years$1,433$832$462$248$130$22
47 years$1,387$794$434$229$118$19
48 years$1,342$758$408$212$107$17
49 years$1,300$724$383$196$97$14
50 years$1,259$692$360$181$88$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,290,000, adding $5,022 every year, while hoping to spend $51,642 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: 45/28/27 Blend
48$1,290,000$1,290,000$1,290,000$1,290,000
49$1,426,760$1,358,390$1,338,395$1,479,634
50$1,517,343$1,370,005$1,328,285$1,529,272
51$1,615,435$1,380,457$1,316,105$1,577,706
52$1,721,746$1,389,637$1,301,731$1,629,234
53$1,837,060$1,397,425$1,285,035$1,684,173
54$1,962,236$1,403,694$1,265,880$1,742,874
55$2,098,220$1,408,312$1,244,123$1,805,729
56$2,246,054$1,411,135$1,219,617$1,873,169
57$2,406,882$1,412,011$1,192,204$1,945,675
58$2,581,964$1,410,780$1,161,723$2,023,779
59$2,772,687$1,407,270$1,128,003$2,108,070
60$2,980,574$1,401,300$1,090,865$2,199,202
61$3,207,307$1,392,677$1,050,122$2,297,899
62$3,454,731$1,381,197$1,005,581$2,404,963
63$3,724,881$1,366,644$957,035$2,521,282
64$4,019,997$1,348,787$904,274$2,647,840
65$4,342,542$1,327,383$847,073$2,785,725
66$4,695,231$1,302,174$785,199$2,936,143
67$5,081,051$1,272,888$718,410$3,100,427
68$5,503,293$1,239,233$646,451$3,280,053
69$5,965,578$1,200,905$569,056$3,476,654
70$6,471,897$1,157,579$485,949$3,692,035
71$7,026,641$1,108,911$396,839$3,928,193
72$7,634,650$1,054,539$301,425$4,187,338
73$8,301,251$994,078$199,389$4,471,909
74$9,032,313$927,123$90,404$4,784,607
75$9,834,300$853,243$0$5,128,416
76$10,714,332$771,985$0$5,514,094
77$11,680,250$682,869$0$5,966,102
78$12,740,693$585,387$0$6,462,502
79$13,905,177$479,004$0$7,007,855
80$15,184,184$363,154$0$7,607,192
81$16,589,260$237,238$0$8,266,062
82$18,133,127$100,626$0$8,990,588
83$19,829,800$0$0$9,787,522
84$21,694,716$0$0$10,678,902
85$23,744,886$0$0$11,693,076
86$25,999,048$0$0$12,808,332
87$28,477,849$0$0$14,034,904
88$31,204,034$0$0$15,384,071
89$34,202,666$0$0$16,868,257
90$37,501,357$0$0$18,501,153
91$41,130,529$0$0$20,297,843
92$45,123,705$0$0$22,274,947
93$49,517,817$0$0$24,450,777
94$54,353,560$0$0$26,845,512
95$59,675,774$0$0$29,481,383
96$65,533,866$0$0$32,382,888
97$71,982,275$0$0$35,577,020
98$79,080,987$0$0$39,093,523
99$86,896,097$0$0$42,965,169
100$95,500,437$0$0$47,228,074