Can I retire at age 49 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$108,179$107,215$106,275$105,357$104,461$103,586
2 years$53,554$52,556$51,590$50,653$49,743$48,861
3 years$35,348$34,346$33,382$32,454$31,559$30,698
4 years$26,247$25,248$24,294$23,381$22,508$21,674
5 years$20,787$19,795$18,853$17,959$17,110$16,305
6 years$17,149$16,164$15,236$14,362$13,539$12,764
7 years$14,551$13,574$12,661$11,808$11,011$10,267
8 years$12,604$11,636$10,738$9,905$9,135$8,422
9 years$11,090$10,131$9,248$8,437$7,693$7,011
10 years$9,880$8,930$8,063$7,273$6,554$5,903
11 years$8,890$7,950$7,098$6,329$5,637$5,015
12 years$8,066$7,135$6,300$5,552$4,885$4,292
13 years$7,369$6,448$5,628$4,901$4,260$3,696
14 years$6,772$5,861$5,057$4,351$3,734$3,198
15 years$6,255$5,354$4,566$3,880$3,288$2,779
16 years$5,804$4,913$4,140$3,474$2,906$2,423
17 years$5,406$4,524$3,767$3,122$2,576$2,119
18 years$5,052$4,181$3,439$2,813$2,291$1,858
19 years$4,736$3,875$3,148$2,542$2,042$1,633
20 years$4,452$3,600$2,889$2,302$1,824$1,438
21 years$4,196$3,354$2,657$2,089$1,632$1,268
22 years$3,963$3,131$2,449$1,900$1,463$1,120
23 years$3,750$2,928$2,261$1,730$1,313$990
24 years$3,556$2,743$2,091$1,578$1,180$877
25 years$3,377$2,574$1,937$1,441$1,062$777
26 years$3,213$2,420$1,797$1,318$957$689
27 years$3,061$2,277$1,668$1,206$863$612
28 years$2,920$2,146$1,551$1,105$778$543
29 years$2,789$2,024$1,443$1,013$703$483
30 years$2,667$1,912$1,344$930$635$429
31 years$2,553$1,807$1,253$854$574$382
32 years$2,446$1,710$1,169$785$519$340
33 years$2,346$1,619$1,092$722$470$303
34 years$2,252$1,535$1,020$664$426$269
35 years$2,164$1,456$954$611$385$240
36 years$2,081$1,382$892$563$349$214
37 years$2,002$1,312$835$519$317$191
38 years$1,928$1,247$782$478$287$170
39 years$1,858$1,186$733$441$260$151
40 years$1,791$1,128$687$407$236$135
41 years$1,728$1,074$644$375$214$120
42 years$1,668$1,023$604$346$194$107
43 years$1,611$975$567$320$176$96
44 years$1,556$929$532$295$160$85
45 years$1,505$886$500$273$145$76
46 years$1,455$845$469$252$132$68
47 years$1,408$806$441$233$120$61
48 years$1,363$770$414$215$109$54
49 years$1,320$735$389$199$99$48
50 years$1,279$702$366$184$90$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,310,000, adding $5,177 every year, while hoping to spend $53,324 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: 61/17/22 Blend
48$1,310,000$1,310,000$1,310,000$1,310,000
49$1,448,960$1,379,530$1,359,225$1,528,662
50$1,540,018$1,390,391$1,348,023$1,594,100
51$1,638,576$1,399,996$1,334,658$1,659,166
52$1,745,344$1,408,229$1,319,002$1,728,990
53$1,861,100$1,414,964$1,300,920$1,804,041
54$1,986,702$1,420,067$1,280,271$1,884,842
55$2,123,093$1,423,397$1,256,907$1,971,965
56$2,271,308$1,424,803$1,230,673$2,066,047
57$2,432,488$1,424,126$1,201,407$2,167,788
58$2,607,889$1,421,194$1,168,941$2,277,964
59$2,798,889$1,415,829$1,133,097$2,397,431
60$3,007,010$1,407,838$1,093,689$2,527,132
61$3,233,921$1,397,018$1,050,524$2,668,112
62$3,481,463$1,383,155$1,003,399$2,821,524
63$3,751,662$1,366,019$952,102$2,988,640
64$4,046,747$1,345,369$896,412$3,170,865
65$4,369,171$1,320,948$836,098$3,369,752
66$4,721,636$1,292,484$770,917$3,587,012
67$5,107,118$1,259,690$700,618$3,824,537
68$5,528,890$1,222,262$624,935$4,084,414
69$5,990,560$1,179,876$543,594$4,368,948
70$6,496,099$1,132,192$456,306$4,680,682
71$7,049,880$1,078,847$362,770$5,022,423
72$7,656,718$1,019,461$262,674$5,397,270
73$8,321,918$953,630$155,688$5,808,641
74$9,051,321$880,925$41,471$6,260,310
75$9,851,361$800,896$0$6,756,439
76$10,729,124$713,064$0$7,320,501
77$11,692,417$616,926$0$7,950,303
78$12,749,836$511,948$0$8,641,784
79$13,910,853$397,568$0$9,401,209
80$15,185,901$273,189$0$10,235,484
81$16,586,472$138,184$0$11,152,224
82$18,125,227$0$0$12,159,818
83$19,816,113$0$0$13,269,035
84$21,674,496$0$0$14,516,648
85$23,717,305$0$0$15,888,183
86$25,963,188$0$0$17,396,176
87$28,432,692$0$0$19,054,437
88$31,148,456$0$0$20,878,182
89$34,135,420$0$0$22,884,176
90$37,421,064$0$0$25,090,887
91$41,035,664$0$0$27,518,669
92$45,012,580$0$0$30,189,941
93$49,388,566$0$0$33,129,412
94$54,204,121$0$0$36,364,301
95$59,503,866$0$0$39,924,603
96$65,336,970$0$0$43,843,367
97$71,757,608$0$0$48,157,008
98$78,825,473$0$0$52,905,652
99$86,606,341$0$0$58,133,511
100$95,172,688$0$0$63,889,303