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%11.6%
1 years$106,527$105,578$104,652$103,749$102,866$102,175
2 years$52,736$51,754$50,802$49,879$48,984$48,287
3 years$34,808$33,822$32,872$31,958$31,077$30,396
4 years$25,846$24,863$23,923$23,024$22,165$21,504
5 years$20,470$19,493$18,565$17,685$16,849$16,212
6 years$16,887$15,917$15,003$14,143$13,332$12,718
7 years$14,329$13,367$12,468$11,627$10,843$10,253
8 years$12,411$11,458$10,574$9,754$8,995$8,429
9 years$10,921$9,976$9,107$8,308$7,575$7,033
10 years$9,729$8,794$7,940$7,162$6,454$5,936
11 years$8,754$7,829$6,990$6,233$5,551$5,056
12 years$7,943$7,026$6,203$5,467$4,810$4,338
13 years$7,256$6,350$5,542$4,827$4,195$3,745
14 years$6,669$5,772$4,980$4,284$3,677$3,249
15 years$6,160$5,273$4,496$3,821$3,238$2,830
16 years$5,715$4,838$4,076$3,421$2,861$2,475
17 years$5,323$4,455$3,709$3,074$2,537$2,170
18 years$4,975$4,117$3,386$2,770$2,256$1,908
19 years$4,664$3,815$3,100$2,503$2,011$1,682
20 years$4,384$3,545$2,845$2,267$1,796$1,485
21 years$4,132$3,302$2,617$2,058$1,607$1,314
22 years$3,902$3,083$2,412$1,871$1,441$1,164
23 years$3,693$2,883$2,227$1,704$1,293$1,032
24 years$3,502$2,701$2,059$1,554$1,162$917
25 years$3,326$2,535$1,907$1,419$1,046$815
26 years$3,164$2,383$1,769$1,298$942$725
27 years$3,014$2,242$1,643$1,188$849$646
28 years$2,875$2,113$1,527$1,088$766$575
29 years$2,746$1,993$1,421$998$692$513
30 years$2,626$1,882$1,324$916$625$457
31 years$2,514$1,780$1,234$841$565$408
32 years$2,409$1,684$1,151$773$511$365
33 years$2,310$1,595$1,075$711$463$326
34 years$2,218$1,511$1,004$654$419$291
35 years$2,131$1,433$939$602$380$260
36 years$2,049$1,361$879$555$344$232
37 years$1,971$1,292$822$511$312$208
38 years$1,898$1,228$770$471$283$186
39 years$1,829$1,168$721$434$256$166
40 years$1,764$1,111$676$400$232$149
41 years$1,701$1,058$634$370$211$133
42 years$1,642$1,007$595$341$191$119
43 years$1,586$960$558$315$174$107
44 years$1,533$915$524$291$158$96
45 years$1,482$872$492$268$143$86
46 years$1,433$832$462$248$130$77
47 years$1,387$794$434$229$118$69
48 years$1,342$758$408$212$107$61
49 years$1,300$724$383$196$97$55
50 years$1,259$692$360$181$88$49

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 $4,413 every year, while hoping to spend $26,812 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: 48/46/6 Blend
48$1,290,000$1,290,000$1,290,000$1,290,000
49$1,426,132$1,357,762$1,337,767$1,492,162
50$1,543,070$1,395,765$1,354,054$1,575,796
51$1,671,036$1,434,731$1,369,989$1,663,343
52$1,811,129$1,474,679$1,385,530$1,757,754
53$1,964,555$1,515,629$1,400,636$1,859,677
54$2,132,643$1,557,599$1,415,262$1,969,821
55$2,316,860$1,600,608$1,429,360$2,088,967
56$2,518,817$1,644,676$1,442,881$2,217,975
57$2,740,292$1,689,820$1,455,773$2,357,789
58$2,983,240$1,736,060$1,467,980$2,509,450
59$3,249,818$1,783,414$1,479,444$2,674,105
60$3,542,399$1,831,900$1,490,105$2,853,013
61$3,863,597$1,881,537$1,499,897$3,047,564
62$4,216,293$1,932,342$1,508,753$3,259,283
63$4,603,661$1,984,333$1,516,602$3,489,856
64$5,029,196$2,037,526$1,523,370$3,741,133
65$5,496,748$2,091,939$1,528,976$4,015,155
66$6,010,559$2,147,587$1,533,340$4,314,169
67$6,575,303$2,204,486$1,536,374$4,640,648
68$7,196,128$2,262,650$1,537,987$4,997,318
69$7,878,707$2,322,094$1,538,083$5,387,181
70$8,629,289$2,382,830$1,536,563$5,813,541
71$9,454,760$2,444,872$1,533,321$6,280,042
72$10,362,705$2,508,230$1,528,247$6,790,693
73$11,361,482$2,572,915$1,521,224$7,349,915
74$12,460,301$2,638,936$1,512,133$7,962,575
75$13,669,308$2,706,300$1,500,846$8,634,036
76$14,999,682$2,775,013$1,487,229$9,370,207
77$16,463,742$2,845,081$1,471,143$10,177,597
78$18,075,060$2,916,506$1,452,443$11,063,378
79$19,848,590$2,989,290$1,430,974$12,035,452
80$21,800,812$3,063,430$1,406,578$13,102,525
81$23,949,882$3,138,926$1,379,085$14,274,189
82$26,315,807$3,215,770$1,348,321$15,561,014
83$28,920,632$3,293,955$1,314,102$16,974,646
84$31,788,648$3,373,470$1,276,237$18,527,917
85$34,946,622$3,454,303$1,234,523$20,234,967
86$38,424,050$3,536,435$1,188,751$22,111,376
87$42,253,430$3,619,847$1,138,701$24,174,313
88$46,470,575$3,704,516$1,084,143$26,442,695
89$51,114,950$3,790,413$1,024,838$28,937,369
90$56,230,038$3,877,507$960,534$31,681,307
91$61,863,759$3,965,761$890,968$34,699,821
92$68,068,914$4,055,135$815,867$38,020,805
93$74,903,689$4,145,583$734,945$41,674,997
94$82,432,201$4,237,052$647,901$45,696,269
95$90,725,104$4,329,486$554,424$50,121,948
96$99,860,255$4,422,821$454,188$54,993,167
97$109,923,449$4,516,987$346,851$60,355,251
98$121,009,228$4,611,907$232,057$66,258,153
99$133,221,774$4,707,495$109,437$72,756,916
100$146,675,893$4,803,661$0$79,912,199