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%15.3%
1 years$108,179$107,215$106,275$105,357$104,461$102,185
2 years$53,554$52,556$51,590$50,653$49,743$47,462
3 years$35,348$34,346$33,382$32,454$31,559$29,343
4 years$26,247$25,248$24,294$23,381$22,508$20,375
5 years$20,787$19,795$18,853$17,959$17,110$15,066
6 years$17,149$16,164$15,236$14,362$13,539$11,585
7 years$14,551$13,574$12,661$11,808$11,011$9,148
8 years$12,604$11,636$10,738$9,905$9,135$7,363
9 years$11,090$10,131$9,248$8,437$7,693$6,010
10 years$9,880$8,930$8,063$7,273$6,554$4,960
11 years$8,890$7,950$7,098$6,329$5,637$4,128
12 years$8,066$7,135$6,300$5,552$4,885$3,459
13 years$7,369$6,448$5,628$4,901$4,260$2,914
14 years$6,772$5,861$5,057$4,351$3,734$2,467
15 years$6,255$5,354$4,566$3,880$3,288$2,095
16 years$5,804$4,913$4,140$3,474$2,906$1,786
17 years$5,406$4,524$3,767$3,122$2,576$1,526
18 years$5,052$4,181$3,439$2,813$2,291$1,306
19 years$4,736$3,875$3,148$2,542$2,042$1,120
20 years$4,452$3,600$2,889$2,302$1,824$963
21 years$4,196$3,354$2,657$2,089$1,632$828
22 years$3,963$3,131$2,449$1,900$1,463$713
23 years$3,750$2,928$2,261$1,730$1,313$615
24 years$3,556$2,743$2,091$1,578$1,180$530
25 years$3,377$2,574$1,937$1,441$1,062$458
26 years$3,213$2,420$1,797$1,318$957$396
27 years$3,061$2,277$1,668$1,206$863$342
28 years$2,920$2,146$1,551$1,105$778$296
29 years$2,789$2,024$1,443$1,013$703$256
30 years$2,667$1,912$1,344$930$635$221
31 years$2,553$1,807$1,253$854$574$192
32 years$2,446$1,710$1,169$785$519$166
33 years$2,346$1,619$1,092$722$470$144
34 years$2,252$1,535$1,020$664$426$125
35 years$2,164$1,456$954$611$385$108
36 years$2,081$1,382$892$563$349$94
37 years$2,002$1,312$835$519$317$81
38 years$1,928$1,247$782$478$287$70
39 years$1,858$1,186$733$441$260$61
40 years$1,791$1,128$687$407$236$53
41 years$1,728$1,074$644$375$214$46
42 years$1,668$1,023$604$346$194$40
43 years$1,611$975$567$320$176$34
44 years$1,556$929$532$295$160$30
45 years$1,505$886$500$273$145$26
46 years$1,455$845$469$252$132$22
47 years$1,408$806$441$233$120$19
48 years$1,363$770$414$215$109$17
49 years$1,320$735$389$199$99$15
50 years$1,279$702$366$184$90$13

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 $3,899 every year, while hoping to spend $30,261 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: 43/36/21 Blend
48$1,310,000$1,310,000$1,310,000$1,310,000
49$1,447,642$1,378,212$1,357,907$1,500,885
50$1,563,104$1,413,547$1,371,199$1,574,309
51$1,689,329$1,449,599$1,383,923$1,650,568
52$1,827,382$1,486,371$1,396,026$1,732,571
53$1,978,438$1,523,867$1,407,456$1,820,865
54$2,143,789$1,562,086$1,418,156$1,916,050
55$2,324,857$1,601,030$1,428,066$2,018,787
56$2,523,210$1,640,698$1,437,123$2,129,805
57$2,740,573$1,681,088$1,445,263$2,249,908
58$2,978,847$1,722,196$1,452,415$2,379,980
59$3,240,125$1,764,020$1,458,506$2,520,994
60$3,526,713$1,806,552$1,463,461$2,674,026
61$3,841,150$1,849,785$1,467,199$2,840,257
62$4,186,233$1,893,710$1,469,636$3,020,993
63$4,565,042$1,938,315$1,470,682$3,217,668
64$4,980,973$1,983,589$1,470,246$3,431,868
65$5,437,762$2,029,515$1,468,230$3,665,335
66$5,939,529$2,076,077$1,464,531$3,919,994
67$6,490,811$2,123,254$1,459,042$4,197,963
68$7,096,605$2,171,025$1,451,651$4,501,578
69$7,762,417$2,219,364$1,442,240$4,833,414
70$8,494,314$2,268,243$1,430,686$5,196,307
71$9,298,979$2,317,631$1,416,858$5,593,385
72$10,183,774$2,367,494$1,400,622$6,028,093
73$11,156,811$2,417,794$1,381,836$6,504,232
74$12,227,029$2,468,489$1,360,350$7,025,989
75$13,404,274$2,519,533$1,336,010$7,597,978
76$14,699,395$2,570,875$1,308,652$8,225,286
77$16,124,347$2,622,462$1,278,106$8,913,522
78$17,692,302$2,674,234$1,244,193$9,668,864
79$19,417,770$2,726,125$1,206,727$10,498,125
80$21,316,744$2,778,066$1,165,514$11,408,814
81$23,406,841$2,829,981$1,120,347$12,409,206
82$25,707,475$2,881,786$1,071,016$13,508,423
83$28,240,038$2,933,394$1,017,295$14,716,521
84$31,028,100$2,984,708$958,952$16,044,581
85$34,097,633$3,035,626$895,744$17,504,819
86$37,477,255$3,086,035$827,415$19,110,700
87$41,198,501$3,135,817$753,699$20,877,062
88$45,296,119$3,184,843$674,319$22,820,264
89$49,808,398$3,232,975$588,984$24,958,335
90$54,777,530$3,280,066$497,390$27,311,145
91$60,250,007$3,325,958$399,222$29,900,598
92$66,277,059$3,370,482$294,147$32,750,834
93$72,915,140$3,413,456$181,821$35,888,461
94$80,226,456$3,454,687$61,884$39,342,804
95$88,279,556$3,493,968$0$43,146,189
96$97,149,977$3,531,079$0$47,349,052
97$106,920,958$3,565,785$0$51,991,608
98$117,684,222$3,597,835$0$57,103,345
99$129,540,844$3,626,960$0$62,732,055
100$142,602,206$3,652,877$0$68,930,411