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%13.3%
1 years$108,179$107,215$106,275$105,357$104,461$103,028
2 years$53,554$52,556$51,590$50,653$49,743$48,302
3 years$35,348$34,346$33,382$32,454$31,559$30,154
4 years$26,247$25,248$24,294$23,381$22,508$21,151
5 years$20,787$19,795$18,853$17,959$17,110$15,804
6 years$17,149$16,164$15,236$14,362$13,539$12,286
7 years$14,551$13,574$12,661$11,808$11,011$9,811
8 years$12,604$11,636$10,738$9,905$9,135$7,988
9 years$11,090$10,131$9,248$8,437$7,693$6,599
10 years$9,880$8,930$8,063$7,273$6,554$5,512
11 years$8,890$7,950$7,098$6,329$5,637$4,646
12 years$8,066$7,135$6,300$5,552$4,885$3,944
13 years$7,369$6,448$5,628$4,901$4,260$3,367
14 years$6,772$5,861$5,057$4,351$3,734$2,888
15 years$6,255$5,354$4,566$3,880$3,288$2,488
16 years$5,804$4,913$4,140$3,474$2,906$2,150
17 years$5,406$4,524$3,767$3,122$2,576$1,863
18 years$5,052$4,181$3,439$2,813$2,291$1,619
19 years$4,736$3,875$3,148$2,542$2,042$1,409
20 years$4,452$3,600$2,889$2,302$1,824$1,229
21 years$4,196$3,354$2,657$2,089$1,632$1,073
22 years$3,963$3,131$2,449$1,900$1,463$939
23 years$3,750$2,928$2,261$1,730$1,313$822
24 years$3,556$2,743$2,091$1,578$1,180$720
25 years$3,377$2,574$1,937$1,441$1,062$632
26 years$3,213$2,420$1,797$1,318$957$555
27 years$3,061$2,277$1,668$1,206$863$487
28 years$2,920$2,146$1,551$1,105$778$428
29 years$2,789$2,024$1,443$1,013$703$377
30 years$2,667$1,912$1,344$930$635$331
31 years$2,553$1,807$1,253$854$574$292
32 years$2,446$1,710$1,169$785$519$257
33 years$2,346$1,619$1,092$722$470$226
34 years$2,252$1,535$1,020$664$426$199
35 years$2,164$1,456$954$611$385$176
36 years$2,081$1,382$892$563$349$155
37 years$2,002$1,312$835$519$317$136
38 years$1,928$1,247$782$478$287$120
39 years$1,858$1,186$733$441$260$106
40 years$1,791$1,128$687$407$236$93
41 years$1,728$1,074$644$375$214$82
42 years$1,668$1,023$604$346$194$73
43 years$1,611$975$567$320$176$64
44 years$1,556$929$532$295$160$57
45 years$1,505$886$500$273$145$50
46 years$1,455$845$469$252$132$44
47 years$1,408$806$441$233$120$39
48 years$1,363$770$414$215$109$34
49 years$1,320$735$389$199$99$30
50 years$1,279$702$366$184$90$27

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 $3,352 every year, while hoping to spend $23,308 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: 55/32/13 Blend
48$1,310,000$1,310,000$1,310,000$1,310,000
49$1,447,078$1,377,648$1,357,343$1,521,625
50$1,569,880$1,420,353$1,378,014$1,615,319
51$1,704,427$1,464,369$1,398,597$1,714,469
52$1,851,892$1,509,737$1,419,063$1,821,887
53$2,013,567$1,556,496$1,439,384$1,938,369
54$2,190,876$1,604,690$1,459,529$2,064,785
55$2,385,386$1,654,360$1,479,463$2,202,096
56$2,598,824$1,705,552$1,499,154$2,351,360
57$2,833,091$1,758,312$1,518,563$2,513,739
58$3,090,284$1,812,686$1,537,651$2,690,514
59$3,372,708$1,868,723$1,556,378$2,883,095
60$3,682,907$1,926,473$1,574,700$3,093,032
61$4,023,682$1,985,988$1,592,570$3,322,035
62$4,398,116$2,047,320$1,609,940$3,571,986
63$4,809,609$2,110,525$1,626,759$3,844,954
64$5,261,906$2,175,657$1,642,972$4,143,222
65$5,759,131$2,242,774$1,658,522$4,469,301
66$6,305,829$2,311,937$1,673,349$4,825,958
67$6,907,007$2,383,205$1,687,389$5,216,239
68$7,568,181$2,456,642$1,700,577$5,643,501
69$8,295,430$2,532,312$1,712,841$6,111,439
70$9,095,451$2,610,282$1,724,107$6,624,126
71$9,975,621$2,690,620$1,734,299$7,186,044
72$10,944,069$2,773,396$1,743,334$7,802,135
73$12,009,755$2,858,682$1,751,125$8,477,840
74$13,182,545$2,946,554$1,757,584$9,219,155
75$14,473,316$3,037,086$1,762,614$10,032,682
76$15,894,050$3,130,359$1,766,117$10,925,698
77$17,457,949$3,226,452$1,767,987$11,906,218
78$19,179,560$3,325,449$1,768,116$12,983,073
79$21,074,914$3,427,435$1,766,387$14,165,991
80$23,161,674$3,532,498$1,762,680$15,465,692
81$25,459,303$3,640,728$1,756,868$16,893,986
82$27,989,247$3,752,219$1,748,818$18,463,884
83$30,775,138$3,867,065$1,738,390$20,189,723
84$33,843,015$3,985,365$1,725,440$22,087,300
85$37,221,574$4,107,219$1,709,813$24,174,020
86$40,942,433$4,232,731$1,691,350$26,469,060
87$45,040,433$4,362,007$1,669,883$28,993,551
88$49,553,969$4,495,157$1,645,235$31,770,776
89$54,525,346$4,632,292$1,617,223$34,826,391
90$60,001,186$4,773,529$1,585,654$38,188,666
91$66,032,860$4,918,985$1,550,327$41,888,749
92$72,676,979$5,068,782$1,511,030$45,960,966
93$79,995,924$5,223,046$1,467,543$50,443,138
94$88,058,438$5,381,904$1,419,635$55,376,942
95$96,940,269$5,545,489$1,367,064$60,808,302
96$106,724,894$5,713,935$1,309,577$66,787,824
97$117,504,297$5,887,381$1,246,912$73,371,270
98$129,379,843$6,065,971$1,178,791$80,620,091
99$142,463,233$6,249,850$1,104,927$88,601,998
100$156,877,559$6,439,168$1,025,018$97,391,607