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%11.3%
1 years$110,656$109,670$108,709$107,770$106,853$106,269
2 years$54,780$53,760$52,771$51,813$50,883$50,293
3 years$36,157$35,133$34,146$33,197$32,282$31,705
4 years$26,848$25,826$24,850$23,916$23,024$22,465
5 years$21,263$20,248$19,285$18,370$17,502$16,962
6 years$17,542$16,534$15,585$14,691$13,849$13,329
7 years$14,885$13,885$12,951$12,078$11,263$10,763
8 years$12,893$11,902$10,983$10,132$9,344$8,863
9 years$11,344$10,363$9,460$8,630$7,869$7,408
10 years$10,106$9,135$8,248$7,439$6,705$6,264
11 years$9,093$8,132$7,261$6,474$5,766$5,345
12 years$8,250$7,299$6,444$5,679$4,997$4,595
13 years$7,538$6,596$5,757$5,014$4,357$3,974
14 years$6,927$5,996$5,173$4,451$3,820$3,454
15 years$6,399$5,477$4,670$3,969$3,363$3,015
16 years$5,937$5,025$4,234$3,554$2,972$2,642
17 years$5,529$4,628$3,853$3,193$2,635$2,322
18 years$5,168$4,276$3,517$2,878$2,343$2,046
19 years$4,845$3,963$3,220$2,600$2,089$1,807
20 years$4,554$3,683$2,955$2,355$1,866$1,599
21 years$4,292$3,430$2,718$2,137$1,670$1,418
22 years$4,053$3,202$2,505$1,943$1,496$1,259
23 years$3,836$2,995$2,313$1,770$1,343$1,119
24 years$3,637$2,806$2,139$1,614$1,207$996
25 years$3,455$2,633$1,981$1,474$1,086$887
26 years$3,286$2,475$1,838$1,348$979$791
27 years$3,131$2,329$1,706$1,234$882$706
28 years$2,987$2,195$1,586$1,130$796$631
29 years$2,853$2,071$1,476$1,037$719$564
30 years$2,728$1,955$1,375$951$650$504
31 years$2,611$1,849$1,282$874$587$451
32 years$2,502$1,749$1,196$803$531$404
33 years$2,400$1,656$1,117$738$481$361
34 years$2,304$1,570$1,043$679$435$324
35 years$2,213$1,489$976$625$394$290
36 years$2,128$1,413$913$576$357$260
37 years$2,048$1,342$854$531$324$233
38 years$1,972$1,276$800$489$294$209
39 years$1,900$1,213$749$451$266$187
40 years$1,832$1,154$702$416$241$168
41 years$1,767$1,099$659$384$219$151
42 years$1,706$1,046$618$354$199$135
43 years$1,648$997$580$327$180$121
44 years$1,592$950$544$302$164$109
45 years$1,539$906$511$279$149$98
46 years$1,489$864$480$258$135$88
47 years$1,441$825$451$238$123$79
48 years$1,394$788$424$220$111$71
49 years$1,350$752$398$203$101$64
50 years$1,308$718$374$188$92$57

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 $4,076 every year, while hoping to spend $22,259 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: 40/35/25 Blend
48$1,340,000$1,340,000$1,340,000$1,340,000
49$1,480,884$1,409,864$1,389,094$1,529,034
50$1,608,251$1,455,264$1,411,946$1,609,600
51$1,747,863$1,502,143$1,434,816$1,694,311
52$1,900,946$1,550,549$1,457,684$1,785,522
53$2,068,850$1,600,533$1,480,523$1,883,839
54$2,253,062$1,652,148$1,503,310$1,989,931
55$2,455,218$1,705,447$1,526,014$2,104,533
56$2,677,123$1,760,487$1,548,609$2,228,452
57$2,920,763$1,817,325$1,571,061$2,362,578
58$3,188,329$1,876,021$1,593,339$2,507,888
59$3,482,229$1,936,637$1,615,407$2,665,460
60$3,805,122$1,999,237$1,637,228$2,836,478
61$4,159,932$2,063,887$1,658,763$3,022,246
62$4,549,883$2,130,656$1,679,970$3,224,200
63$4,978,527$2,199,614$1,700,804$3,443,919
64$5,449,776$2,270,835$1,721,221$3,683,143
65$5,967,941$2,344,393$1,741,169$3,943,788
66$6,537,771$2,420,368$1,760,598$4,227,962
67$7,164,498$2,498,841$1,779,453$4,537,987
68$7,853,887$2,579,894$1,797,675$4,876,421
69$8,612,290$2,663,616$1,815,204$5,246,079
70$9,446,705$2,750,095$1,831,975$5,650,063
71$10,364,844$2,839,424$1,847,921$6,091,787
72$11,375,202$2,931,700$1,862,970$6,575,015
73$12,487,140$3,027,021$1,877,047$7,103,890
74$13,710,974$3,125,490$1,890,074$7,682,976
75$15,058,068$3,227,214$1,901,966$8,317,300
76$16,540,946$3,332,303$1,912,637$9,012,400
77$18,173,407$3,440,870$1,921,995$9,774,378
78$19,970,655$3,553,033$1,929,942$10,609,953
79$21,949,445$3,668,914$1,936,378$11,526,530
80$24,128,237$3,788,640$1,941,195$12,532,265
81$26,527,374$3,912,341$1,944,283$13,636,145
82$29,169,273$4,040,151$1,945,522$14,848,069
83$32,078,632$4,172,212$1,944,791$16,178,945
84$35,282,670$4,308,668$1,941,958$17,640,791
85$38,811,378$4,449,669$1,936,890$19,246,846
86$42,697,805$4,595,369$1,929,443$21,011,700
87$46,978,370$4,745,931$1,919,468$22,951,425
88$51,693,202$4,901,520$1,906,808$25,083,733
89$56,886,523$5,062,308$1,891,300$27,428,136
90$62,607,061$5,228,475$1,872,772$30,006,136
91$68,908,515$5,400,204$1,851,044$32,841,424
92$75,850,057$5,577,687$1,825,927$35,960,105
93$83,496,892$5,761,122$1,797,224$39,390,944
94$91,920,872$5,950,715$1,764,729$43,165,636
95$101,201,179$6,146,678$1,728,225$47,319,105
96$111,425,065$6,349,231$1,687,486$51,889,835
97$122,688,680$6,558,601$1,642,275$56,920,231
98$135,097,979$6,775,027$1,592,345$62,457,023
99$148,769,720$6,998,751$1,537,436$68,551,699
100$163,832,570$7,230,027$1,477,278$75,260,999