Can I retire at age 49 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$110,656$109,670$108,709$107,770$106,853$104,611
2 years$54,780$53,760$52,771$51,813$50,883$48,633
3 years$36,157$35,133$34,146$33,197$32,282$30,097
4 years$26,848$25,826$24,850$23,916$23,024$20,919
5 years$21,263$20,248$19,285$18,370$17,502$15,485
6 years$17,542$16,534$15,585$14,691$13,849$11,920
7 years$14,885$13,885$12,951$12,078$11,263$9,424
8 years$12,893$11,902$10,983$10,132$9,344$7,593
9 years$11,344$10,363$9,460$8,630$7,869$6,206
10 years$10,106$9,135$8,248$7,439$6,705$5,127
11 years$9,093$8,132$7,261$6,474$5,766$4,273
12 years$8,250$7,299$6,444$5,679$4,997$3,585
13 years$7,538$6,596$5,757$5,014$4,357$3,025
14 years$6,927$5,996$5,173$4,451$3,820$2,563
15 years$6,399$5,477$4,670$3,969$3,363$2,181
16 years$5,937$5,025$4,234$3,554$2,972$1,861
17 years$5,529$4,628$3,853$3,193$2,635$1,592
18 years$5,168$4,276$3,517$2,878$2,343$1,365
19 years$4,845$3,963$3,220$2,600$2,089$1,173
20 years$4,554$3,683$2,955$2,355$1,866$1,009
21 years$4,292$3,430$2,718$2,137$1,670$869
22 years$4,053$3,202$2,505$1,943$1,496$750
23 years$3,836$2,995$2,313$1,770$1,343$648
24 years$3,637$2,806$2,139$1,614$1,207$560
25 years$3,455$2,633$1,981$1,474$1,086$484
26 years$3,286$2,475$1,838$1,348$979$419
27 years$3,131$2,329$1,706$1,234$882$363
28 years$2,987$2,195$1,586$1,130$796$314
29 years$2,853$2,071$1,476$1,037$719$272
30 years$2,728$1,955$1,375$951$650$236
31 years$2,611$1,849$1,282$874$587$205
32 years$2,502$1,749$1,196$803$531$177
33 years$2,400$1,656$1,117$738$481$154
34 years$2,304$1,570$1,043$679$435$134
35 years$2,213$1,489$976$625$394$116
36 years$2,128$1,413$913$576$357$101
37 years$2,048$1,342$854$531$324$87
38 years$1,972$1,276$800$489$294$76
39 years$1,900$1,213$749$451$266$66
40 years$1,832$1,154$702$416$241$57
41 years$1,767$1,099$659$384$219$50
42 years$1,706$1,046$618$354$199$43
43 years$1,648$997$580$327$180$37
44 years$1,592$950$544$302$164$33
45 years$1,539$906$511$279$149$28
46 years$1,489$864$480$258$135$25
47 years$1,441$825$451$238$123$21
48 years$1,394$788$424$220$111$19
49 years$1,350$752$398$203$101$16
50 years$1,308$718$374$188$92$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,340,000, adding $5,313 every year, while hoping to spend $21,652 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: 63/13/24 Blend
48$1,340,000$1,340,000$1,340,000$1,340,000
49$1,482,160$1,411,140$1,390,370$1,565,878
50$1,610,303$1,457,249$1,413,910$1,669,213
51$1,750,791$1,504,891$1,437,513$1,779,156
52$1,904,860$1,554,118$1,461,158$1,898,757
53$2,073,871$1,604,986$1,484,823$2,028,963
54$2,259,326$1,657,550$1,508,484$2,170,816
55$2,462,875$1,711,868$1,532,116$2,325,466
56$2,686,339$1,768,001$1,555,693$2,494,177
57$2,931,723$1,826,009$1,579,185$2,678,344
58$3,201,233$1,885,959$1,602,563$2,879,499
59$3,497,304$1,947,916$1,625,794$3,099,333
60$3,822,615$2,011,949$1,648,843$3,339,708
61$4,180,117$2,078,131$1,671,676$3,602,675
62$4,573,065$2,146,534$1,694,252$3,890,491
63$5,005,040$2,217,237$1,716,532$4,205,644
64$5,479,990$2,290,318$1,738,472$4,550,877
65$6,002,265$2,365,860$1,760,027$4,929,208
66$6,576,657$2,443,948$1,781,149$5,343,964
67$7,208,445$2,524,670$1,801,786$5,798,810
68$7,903,445$2,608,118$1,821,885$6,297,783
69$8,668,068$2,694,386$1,841,389$6,845,331
70$9,509,373$2,783,574$1,860,238$7,446,357
71$10,435,143$2,875,783$1,878,370$8,106,260
72$11,453,949$2,971,118$1,895,717$8,830,989
73$12,575,238$3,069,688$1,912,209$9,627,101
74$13,809,417$3,171,608$1,927,773$10,501,818
75$15,167,954$3,276,994$1,942,330$11,463,099
76$16,663,487$3,385,968$1,955,800$12,519,713
77$18,309,939$3,498,657$1,968,096$13,681,324
78$20,122,653$3,615,190$1,979,126$14,958,578
79$22,118,534$3,735,705$1,988,798$16,363,208
80$24,316,210$3,860,341$1,997,009$17,908,140
81$26,736,210$3,989,244$2,003,655$19,607,621
82$29,401,152$4,122,566$2,008,626$21,477,347
83$32,335,960$4,260,462$2,011,805$23,534,615
84$35,568,100$4,403,096$2,013,072$25,798,484
85$39,127,834$4,550,636$2,012,298$28,289,957
86$43,048,513$4,703,257$2,009,350$31,032,178
87$47,366,884$4,861,139$2,004,086$34,050,650
88$52,123,443$5,024,472$1,996,360$37,373,476
89$57,362,813$5,193,450$1,986,017$41,031,624
90$63,134,167$5,368,275$1,972,895$45,059,221
91$69,491,689$5,549,158$1,956,824$49,493,873
92$76,495,090$5,736,316$1,937,627$54,377,019
93$84,210,169$5,929,975$1,915,117$59,754,325
94$92,709,432$6,130,369$1,889,099$65,676,115
95$102,072,779$6,337,743$1,859,369$72,197,841
96$112,388,258$6,552,347$1,825,713$79,380,613
97$123,752,893$6,774,446$1,787,907$87,291,773
98$136,273,604$7,004,309$1,745,718$96,005,529
99$150,068,211$7,242,220$1,698,899$105,603,657
100$165,266,552$7,488,472$1,647,195$116,176,274