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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$109,004$108,033$107,086$106,161$105,259$104,639
2 years$53,963$52,958$51,984$51,039$50,123$49,498
3 years$35,618$34,608$33,637$32,701$31,800$31,189
4 years$26,447$25,441$24,479$23,559$22,680$22,088
5 years$20,946$19,946$18,997$18,096$17,241$16,669
6 years$17,280$16,287$15,352$14,471$13,642$13,091
7 years$14,662$13,678$12,758$11,898$11,095$10,565
8 years$12,700$11,725$10,820$9,981$9,204$8,696
9 years$11,175$10,208$9,319$8,501$7,751$7,264
10 years$9,955$8,998$8,124$7,328$6,604$6,138
11 years$8,958$8,011$7,153$6,378$5,680$5,234
12 years$8,127$7,190$6,348$5,594$4,922$4,497
13 years$7,425$6,498$5,671$4,939$4,292$3,887
14 years$6,824$5,906$5,096$4,384$3,763$3,376
15 years$6,303$5,395$4,601$3,910$3,313$2,946
16 years$5,848$4,950$4,171$3,501$2,928$2,579
17 years$5,447$4,559$3,796$3,146$2,596$2,265
18 years$5,091$4,213$3,465$2,835$2,308$1,994
19 years$4,772$3,904$3,172$2,561$2,057$1,760
20 years$4,486$3,628$2,911$2,320$1,838$1,557
21 years$4,228$3,379$2,678$2,105$1,645$1,379
22 years$3,993$3,154$2,468$1,914$1,474$1,223
23 years$3,779$2,950$2,279$1,743$1,323$1,087
24 years$3,583$2,764$2,107$1,590$1,189$966
25 years$3,403$2,594$1,952$1,452$1,070$860
26 years$3,237$2,438$1,810$1,328$964$767
27 years$3,084$2,294$1,681$1,215$869$684
28 years$2,942$2,162$1,563$1,114$784$610
29 years$2,810$2,040$1,454$1,021$708$545
30 years$2,687$1,926$1,355$937$640$487
31 years$2,572$1,821$1,263$861$579$435
32 years$2,465$1,723$1,178$791$523$389
33 years$2,364$1,632$1,100$727$474$348
34 years$2,269$1,546$1,028$669$429$312
35 years$2,180$1,467$961$616$388$279
36 years$2,096$1,392$899$567$352$250
37 years$2,017$1,322$841$523$319$224
38 years$1,943$1,257$788$482$289$201
39 years$1,872$1,195$738$444$262$180
40 years$1,805$1,137$692$410$238$161
41 years$1,741$1,082$649$378$216$144
42 years$1,681$1,031$609$349$196$129
43 years$1,623$982$571$322$178$116
44 years$1,568$936$536$297$161$104
45 years$1,516$893$503$275$146$93
46 years$1,466$852$473$254$133$84
47 years$1,419$813$444$234$121$75
48 years$1,374$776$417$217$110$67
49 years$1,330$741$392$200$100$60
50 years$1,289$708$369$185$90$54

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 $6,458 every year, while hoping to spend $20,011 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: 81/7/12 Blend
48$1,320,000$1,320,000$1,320,000$1,320,000
49$1,461,301$1,391,341$1,370,881$1,575,970
50$1,589,063$1,438,226$1,395,514$1,699,027
51$1,729,185$1,486,736$1,420,302$1,830,800
52$1,882,908$1,536,932$1,445,228$1,974,856
53$2,051,597$1,588,875$1,470,275$2,132,415
54$2,236,756$1,642,626$1,495,426$2,304,825
55$2,440,042$1,698,251$1,520,660$2,493,564
56$2,663,280$1,755,819$1,545,956$2,700,266
57$2,908,480$1,815,401$1,571,291$2,926,727
58$3,177,858$1,877,068$1,596,642$3,174,926
59$3,473,853$1,940,897$1,621,983$3,447,044
60$3,799,152$2,006,968$1,647,286$3,745,482
61$4,156,717$2,075,361$1,672,522$4,072,886
62$4,549,811$2,146,162$1,697,660$4,432,171
63$4,982,027$2,219,460$1,722,667$4,826,547
64$5,457,326$2,295,345$1,747,508$5,259,552
65$5,980,070$2,373,913$1,772,146$5,735,081
66$6,555,065$2,455,264$1,796,541$6,257,429
67$7,187,609$2,539,498$1,820,652$6,831,325
68$7,883,535$2,626,724$1,844,434$7,461,980
69$8,649,274$2,717,052$1,867,841$8,155,135
70$9,491,910$2,810,597$1,890,823$8,917,116
71$10,419,247$2,907,479$1,913,328$9,754,894
72$11,439,886$3,007,821$1,935,301$10,676,145
73$12,563,303$3,111,753$1,956,682$11,689,333
74$13,799,941$3,219,410$1,977,412$12,803,780
75$15,161,303$3,330,929$1,997,423$14,029,757
76$16,660,068$3,446,457$2,016,649$15,378,583
77$18,310,205$3,566,143$2,035,017$16,862,731
78$20,127,107$3,690,145$2,052,451$18,495,940
79$22,127,734$3,818,624$2,068,870$20,293,355
80$24,330,776$3,951,751$2,084,191$22,271,658
81$26,756,828$4,089,699$2,098,324$24,449,237
82$29,428,584$4,232,654$2,111,177$26,846,348
83$32,371,049$4,380,803$2,122,651$29,485,316
84$35,611,779$4,534,346$2,132,643$32,390,738
85$39,181,138$4,693,486$2,141,044$35,589,721
86$43,112,587$4,858,439$2,147,741$39,112,132
87$47,442,994$5,029,427$2,152,615$42,990,885
88$52,212,990$5,206,679$2,155,538$47,262,248
89$57,467,347$5,390,438$2,156,380$51,966,185
90$63,255,399$5,580,953$2,155,002$57,146,738
91$69,631,514$5,778,484$2,151,259$62,852,435
92$76,655,601$5,983,302$2,144,998$69,136,754
93$84,393,678$6,195,689$2,136,061$76,058,625
94$92,918,493$6,415,937$2,124,279$83,682,987
95$102,310,214$6,644,353$2,109,477$92,081,398
96$112,657,183$6,881,253$2,091,471$101,332,716
97$124,056,749$7,126,968$2,070,069$111,523,837
98$136,616,190$7,381,842$2,045,069$122,750,519
99$150,453,722$7,646,233$2,016,259$135,118,286
100$165,699,616$7,920,514$1,983,419$148,743,420