Can I retire at age 49 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$109,004$108,033$107,086$106,161$105,259$102,423
2 years$53,963$52,958$51,984$51,039$50,123$47,287
3 years$35,618$34,608$33,637$32,701$31,800$29,052
4 years$26,447$25,441$24,479$23,559$22,680$20,041
5 years$20,946$19,946$18,997$18,096$17,241$14,718
6 years$17,280$16,287$15,352$14,471$13,642$11,238
7 years$14,662$13,678$12,758$11,898$11,095$8,809
8 years$12,700$11,725$10,820$9,981$9,204$7,036
9 years$11,175$10,208$9,319$8,501$7,751$5,698
10 years$9,955$8,998$8,124$7,328$6,604$4,665
11 years$8,958$8,011$7,153$6,378$5,680$3,850
12 years$8,127$7,190$6,348$5,594$4,922$3,199
13 years$7,425$6,498$5,671$4,939$4,292$2,672
14 years$6,824$5,906$5,096$4,384$3,763$2,241
15 years$6,303$5,395$4,601$3,910$3,313$1,887
16 years$5,848$4,950$4,171$3,501$2,928$1,593
17 years$5,447$4,559$3,796$3,146$2,596$1,348
18 years$5,091$4,213$3,465$2,835$2,308$1,143
19 years$4,772$3,904$3,172$2,561$2,057$971
20 years$4,486$3,628$2,911$2,320$1,838$826
21 years$4,228$3,379$2,678$2,105$1,645$704
22 years$3,993$3,154$2,468$1,914$1,474$600
23 years$3,779$2,950$2,279$1,743$1,323$512
24 years$3,583$2,764$2,107$1,590$1,189$437
25 years$3,403$2,594$1,952$1,452$1,070$374
26 years$3,237$2,438$1,810$1,328$964$319
27 years$3,084$2,294$1,681$1,215$869$273
28 years$2,942$2,162$1,563$1,114$784$234
29 years$2,810$2,040$1,454$1,021$708$200
30 years$2,687$1,926$1,355$937$640$171
31 years$2,572$1,821$1,263$861$579$147
32 years$2,465$1,723$1,178$791$523$126
33 years$2,364$1,632$1,100$727$474$108
34 years$2,269$1,546$1,028$669$429$92
35 years$2,180$1,467$961$616$388$79
36 years$2,096$1,392$899$567$352$68
37 years$2,017$1,322$841$523$319$58
38 years$1,943$1,257$788$482$289$50
39 years$1,872$1,195$738$444$262$43
40 years$1,805$1,137$692$410$238$37
41 years$1,741$1,082$649$378$216$31
42 years$1,681$1,031$609$349$196$27
43 years$1,623$982$571$322$178$23
44 years$1,568$936$536$297$161$20
45 years$1,516$893$503$275$146$17
46 years$1,466$852$473$254$133$15
47 years$1,419$813$444$234$121$12
48 years$1,374$776$417$217$110$11
49 years$1,330$741$392$200$100$9
50 years$1,289$708$369$185$90$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,320,000, adding $3,110 every year, while hoping to spend $36,584 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: 86/8/6 Blend
48$1,320,000$1,320,000$1,320,000$1,320,000
49$1,457,848$1,387,888$1,367,428$1,582,597
50$1,567,623$1,416,969$1,374,312$1,693,446
51$1,687,370$1,446,250$1,380,200$1,809,870
52$1,818,065$1,475,700$1,385,021$1,936,621
53$1,960,788$1,505,289$1,388,698$2,074,715
54$2,116,722$1,534,981$1,391,153$2,225,267
55$2,287,173$1,564,741$1,392,303$2,389,506
56$2,473,578$1,594,527$1,392,058$2,568,785
57$2,677,520$1,624,296$1,390,329$2,764,594
58$2,900,740$1,654,000$1,387,019$2,978,574
59$3,145,158$1,683,588$1,382,026$3,212,534
60$3,412,885$1,713,005$1,375,245$3,468,465
61$3,706,249$1,742,191$1,366,565$3,748,559
62$4,027,810$1,771,083$1,355,869$4,055,232
63$4,380,393$1,799,612$1,343,036$4,391,146
64$4,767,103$1,827,703$1,327,938$4,759,233
65$5,191,365$1,855,278$1,310,442$5,162,721
66$5,656,950$1,882,252$1,290,407$5,605,169
67$6,168,010$1,908,533$1,267,687$6,090,496
68$6,729,121$1,934,025$1,242,128$6,623,021
69$7,345,322$1,958,624$1,213,570$7,207,501
70$8,022,166$1,982,217$1,181,846$7,849,179
71$8,765,767$2,004,686$1,146,778$8,553,830
72$9,582,865$2,025,905$1,108,184$9,327,817
73$10,480,880$2,045,737$1,065,872$10,178,152
74$11,467,991$2,064,040$1,019,639$11,112,560
75$12,553,205$2,080,657$969,277$12,139,553
76$13,746,450$2,095,427$914,565$13,268,510
77$15,058,659$2,108,174$855,274$14,509,767
78$16,501,880$2,118,713$791,165$15,874,712
79$18,089,389$2,126,846$721,985$17,375,891
80$19,835,809$2,132,364$647,474$19,027,133
81$21,757,255$2,135,043$567,358$20,843,674
82$23,871,481$2,134,647$481,351$22,842,303
83$26,198,051$2,130,923$389,155$25,041,519
84$28,758,518$2,123,605$290,458$27,461,711
85$31,576,634$2,112,409$184,935$30,125,342
86$34,678,567$2,097,033$72,247$33,057,168
87$38,093,152$2,077,159$0$36,284,468
88$41,852,163$2,052,449$0$39,840,375
89$45,990,608$2,022,543$0$43,760,079
90$50,547,064$1,987,062$0$48,075,476
91$55,564,039$1,945,603$0$52,826,819
92$61,088,373$1,897,739$0$58,058,462
93$67,171,678$1,843,019$0$63,819,283
94$73,870,828$1,780,966$0$70,163,140
95$81,248,491$1,711,072$0$77,149,386
96$89,373,726$1,632,803$0$84,843,421
97$98,322,627$1,545,592$0$93,317,317
98$108,179,050$1,448,840$0$102,650,493
99$119,035,394$1,341,914$0$112,930,466
100$130,993,481$1,224,145$0$124,253,678