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

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$109,830$108,852$107,897$106,966$106,056$101,929
2 years$54,371$53,359$52,377$51,426$50,503$46,394
3 years$35,888$34,871$33,892$32,949$32,041$28,081
4 years$26,647$25,634$24,664$23,738$22,852$19,070
5 years$21,105$20,097$19,141$18,233$17,372$13,778
6 years$17,411$16,411$15,468$14,581$13,746$10,343
7 years$14,773$13,782$12,854$11,988$11,179$7,965
8 years$12,796$11,813$10,902$10,056$9,274$6,247
9 years$11,259$10,286$9,389$8,566$7,810$4,964
10 years$10,030$9,066$8,186$7,384$6,655$3,985
11 years$9,026$8,071$7,207$6,426$5,723$3,224
12 years$8,189$7,244$6,396$5,637$4,960$2,624
13 years$7,481$6,547$5,714$4,976$4,325$2,146
14 years$6,876$5,951$5,134$4,417$3,791$1,762
15 years$6,351$5,436$4,636$3,939$3,338$1,451
16 years$5,892$4,988$4,203$3,527$2,950$1,198
17 years$5,488$4,593$3,824$3,169$2,616$991
18 years$5,129$4,244$3,491$2,856$2,326$821
19 years$4,809$3,934$3,196$2,581$2,073$682
20 years$4,520$3,655$2,933$2,337$1,852$566
21 years$4,260$3,405$2,698$2,121$1,657$471
22 years$4,023$3,178$2,487$1,929$1,485$392
23 years$3,808$2,973$2,296$1,757$1,333$326
24 years$3,610$2,785$2,123$1,602$1,198$272
25 years$3,429$2,614$1,967$1,463$1,078$227
26 years$3,262$2,457$1,824$1,338$971$189
27 years$3,107$2,312$1,694$1,225$876$158
28 years$2,964$2,178$1,574$1,122$790$132
29 years$2,831$2,055$1,465$1,029$714$110
30 years$2,707$1,941$1,365$944$645$92
31 years$2,592$1,835$1,272$867$583$76
32 years$2,483$1,736$1,187$797$527$64
33 years$2,382$1,644$1,108$733$477$53
34 years$2,287$1,558$1,036$674$432$45
35 years$2,197$1,478$968$621$391$37
36 years$2,112$1,403$906$572$355$31
37 years$2,033$1,332$848$527$321$26
38 years$1,957$1,266$794$486$291$22
39 years$1,886$1,204$744$448$264$18
40 years$1,818$1,146$697$413$240$15
41 years$1,754$1,090$654$381$217$13
42 years$1,693$1,038$613$352$197$11
43 years$1,635$989$575$325$179$9
44 years$1,580$943$540$300$163$7
45 years$1,528$899$507$277$148$6
46 years$1,478$858$476$256$134$5
47 years$1,430$819$448$236$122$4
48 years$1,384$782$421$218$110$4
49 years$1,340$746$395$202$100$3
50 years$1,299$713$372$186$91$3

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 $2,038 every year, while hoping to spend $37,640 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: 75/7/18 Blend
48$1,330,000$1,330,000$1,330,000$1,330,000
49$1,467,762$1,397,272$1,376,657$1,571,626
50$1,577,425$1,425,690$1,382,727$1,669,102
51$1,697,012$1,454,238$1,387,738$1,771,077
52$1,827,496$1,482,885$1,391,615$1,881,859
53$1,969,947$1,511,592$1,394,281$2,002,314
54$2,125,543$1,540,322$1,395,651$2,133,398
55$2,295,582$1,569,031$1,395,639$2,276,164
56$2,481,492$1,597,674$1,394,153$2,431,772
57$2,684,845$1,626,201$1,391,098$2,601,500
58$2,907,373$1,654,559$1,386,373$2,786,757
59$3,150,982$1,682,689$1,379,874$2,989,095
60$3,417,771$1,710,529$1,371,488$3,210,224
61$3,710,052$1,738,014$1,361,102$3,452,029
62$4,030,372$1,765,071$1,348,593$3,716,585
63$4,381,534$1,791,623$1,333,835$4,006,182
64$4,766,626$1,817,589$1,316,694$4,323,341
65$5,189,051$1,842,879$1,297,032$4,670,842
66$5,652,553$1,867,400$1,274,702$5,051,746
67$6,161,262$1,891,050$1,249,553$5,469,429
68$6,719,720$1,913,722$1,221,423$5,927,611
69$7,332,938$1,935,300$1,190,146$6,430,391
70$8,006,429$1,955,661$1,155,547$6,982,285
71$8,746,270$1,974,674$1,117,444$7,588,274
72$9,559,156$1,992,199$1,075,645$8,253,843
73$10,452,460$2,008,087$1,029,949$8,985,039
74$11,434,306$2,022,179$980,148$9,788,527
75$12,513,646$2,034,306$926,023$10,671,651
76$13,700,339$2,044,288$867,346$11,642,505
77$15,005,249$2,051,934$803,877$12,710,010
78$16,440,345$2,057,039$735,368$13,883,998
79$18,018,814$2,059,389$661,557$15,175,303
80$19,755,187$2,058,752$582,173$16,595,867
81$21,665,471$2,054,886$496,930$18,158,850
82$23,767,304$2,047,531$405,533$19,878,756
83$26,080,121$2,036,412$307,670$21,771,570
84$28,625,335$2,021,237$203,018$23,854,908
85$31,426,539$2,001,698$91,239$26,148,185
86$34,509,731$1,977,466$0$28,672,799
87$37,903,555$1,948,193$0$31,457,718
88$41,639,575$1,913,512$0$34,542,595
89$45,752,570$1,873,033$0$37,938,602
90$50,280,861$1,826,341$0$41,677,383
91$55,266,677$1,772,999$0$45,793,807
92$60,756,546$1,712,544$0$50,326,294
93$66,801,742$1,644,487$0$55,317,186
94$73,458,760$1,568,307$0$60,813,139
95$80,789,856$1,483,456$0$66,865,565
96$88,863,630$1,389,354$0$73,531,120
97$97,755,675$1,285,388$0$80,872,235
98$107,549,289$1,170,907$0$88,957,709
99$118,336,262$1,045,227$0$97,863,354
100$130,217,741$907,623$0$107,672,714