Can I retire at age 49 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$109,830$108,852$107,897$106,966$106,056$103,033
2 years$54,371$53,359$52,377$51,426$50,503$47,481
3 years$35,888$34,871$33,892$32,949$32,041$29,114
4 years$26,647$25,634$24,664$23,738$22,852$20,043
5 years$21,105$20,097$19,141$18,233$17,372$14,689
6 years$17,411$16,411$15,468$14,581$13,746$11,191
7 years$14,773$13,782$12,854$11,988$11,179$8,752
8 years$12,796$11,813$10,902$10,056$9,274$6,974
9 years$11,259$10,286$9,389$8,566$7,810$5,635
10 years$10,030$9,066$8,186$7,384$6,655$4,601
11 years$9,026$8,071$7,207$6,426$5,723$3,788
12 years$8,189$7,244$6,396$5,637$4,960$3,139
13 years$7,481$6,547$5,714$4,976$4,325$2,615
14 years$6,876$5,951$5,134$4,417$3,791$2,187
15 years$6,351$5,436$4,636$3,939$3,338$1,836
16 years$5,892$4,988$4,203$3,527$2,950$1,546
17 years$5,488$4,593$3,824$3,169$2,616$1,305
18 years$5,129$4,244$3,491$2,856$2,326$1,103
19 years$4,809$3,934$3,196$2,581$2,073$934
20 years$4,520$3,655$2,933$2,337$1,852$792
21 years$4,260$3,405$2,698$2,121$1,657$673
22 years$4,023$3,178$2,487$1,929$1,485$572
23 years$3,808$2,973$2,296$1,757$1,333$486
24 years$3,610$2,785$2,123$1,602$1,198$414
25 years$3,429$2,614$1,967$1,463$1,078$353
26 years$3,262$2,457$1,824$1,338$971$301
27 years$3,107$2,312$1,694$1,225$876$256
28 years$2,964$2,178$1,574$1,122$790$219
29 years$2,831$2,055$1,465$1,029$714$186
30 years$2,707$1,941$1,365$944$645$159
31 years$2,592$1,835$1,272$867$583$136
32 years$2,483$1,736$1,187$797$527$116
33 years$2,382$1,644$1,108$733$477$99
34 years$2,287$1,558$1,036$674$432$85
35 years$2,197$1,478$968$621$391$72
36 years$2,112$1,403$906$572$355$62
37 years$2,033$1,332$848$527$321$53
38 years$1,957$1,266$794$486$291$45
39 years$1,886$1,204$744$448$264$38
40 years$1,818$1,146$697$413$240$33
41 years$1,754$1,090$654$381$217$28
42 years$1,693$1,038$613$352$197$24
43 years$1,635$989$575$325$179$21
44 years$1,580$943$540$300$163$18
45 years$1,528$899$507$277$148$15
46 years$1,478$858$476$256$134$13
47 years$1,430$819$448$236$122$11
48 years$1,384$782$421$218$110$9
49 years$1,340$746$395$202$100$8
50 years$1,299$713$372$186$91$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,330,000, adding $2,970 every year, while hoping to spend $57,792 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: 66/23/11 Blend
48$1,330,000$1,330,000$1,330,000$1,330,000
49$1,468,724$1,398,234$1,377,619$1,561,946
50$1,557,043$1,405,257$1,362,279$1,631,445
51$1,652,434$1,410,687$1,344,488$1,700,272
52$1,755,557$1,414,386$1,324,103$1,774,014
53$1,867,138$1,416,205$1,300,974$1,853,148
54$1,987,975$1,415,987$1,274,945$1,938,198
55$2,118,943$1,413,565$1,245,851$2,029,743
56$2,261,009$1,408,764$1,213,521$2,128,423
57$2,415,233$1,401,394$1,177,774$2,234,942
58$2,582,780$1,391,256$1,138,423$2,350,081
59$2,764,935$1,378,139$1,095,272$2,474,700
60$2,963,109$1,361,818$1,048,115$2,609,748
61$3,178,856$1,342,057$996,736$2,756,274
62$3,413,885$1,318,603$940,912$2,915,434
63$3,670,076$1,291,190$880,407$3,088,505
64$3,949,500$1,259,534$814,977$3,276,898
65$4,254,435$1,223,337$744,365$3,482,169
66$4,587,389$1,182,282$668,303$3,706,035
67$4,951,123$1,136,035$586,511$3,950,391
68$5,348,676$1,084,239$498,698$4,217,329
69$5,783,395$1,026,520$404,558$4,509,159
70$6,258,963$962,482$303,773$4,828,428
71$6,779,437$891,704$196,009$5,177,948
72$7,349,285$813,742$80,921$5,560,822
73$7,973,425$728,129$0$5,980,473
74$8,657,275$634,367$0$6,445,597
75$9,406,800$531,934$0$6,965,899
76$10,228,570$420,276$0$7,536,518
77$11,129,823$298,808$0$8,162,574
78$12,118,529$166,914$0$8,849,717
79$13,203,467$23,940$0$9,604,174
80$14,394,307$0$0$10,432,812
81$15,701,702$0$0$11,376,308
82$17,137,385$0$0$12,419,128
83$18,714,282$0$0$13,564,612
84$20,446,633$0$0$14,823,115
85$22,350,123$0$0$16,206,046
86$24,442,035$0$0$17,725,971
87$26,741,405$0$0$19,396,736
88$29,269,209$0$0$21,233,595
89$32,048,555$0$0$23,253,352
90$35,104,902$0$0$25,474,524
91$38,466,299$0$0$27,917,509
92$42,163,650$0$0$30,604,783
93$46,231,006$0$0$33,561,109
94$50,705,881$0$0$36,813,771
95$55,629,613$0$0$40,392,832
96$61,047,744$0$0$44,331,415
97$67,010,458$0$0$48,666,017
98$73,573,048$0$0$53,436,851
99$80,796,440$0$0$58,688,227
100$88,747,763$0$0$64,468,970