Can I retire at age 49 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$112,308$111,307$110,331$109,379$108,448$106,085
2 years$55,598$54,562$53,559$52,586$51,642$49,273
3 years$36,697$35,657$34,656$33,692$32,764$30,463
4 years$27,248$26,212$25,221$24,273$23,367$21,153
5 years$21,581$20,550$19,572$18,644$17,764$15,641
6 years$17,804$16,781$15,817$14,910$14,056$12,027
7 years$15,107$14,093$13,144$12,258$11,431$9,498
8 years$13,085$12,080$11,147$10,283$9,483$7,644
9 years$11,513$10,518$9,601$8,759$7,986$6,240
10 years$10,257$9,271$8,371$7,550$6,805$5,149
11 years$9,229$8,253$7,369$6,571$5,852$4,285
12 years$8,374$7,408$6,540$5,764$5,071$3,591
13 years$7,650$6,694$5,843$5,088$4,422$3,026
14 years$7,031$6,085$5,250$4,517$3,877$2,561
15 years$6,494$5,559$4,740$4,028$3,413$2,175
16 years$6,025$5,100$4,298$3,607$3,017$1,854
17 years$5,612$4,697$3,911$3,241$2,675$1,584
18 years$5,245$4,340$3,570$2,921$2,378$1,356
19 years$4,917$4,022$3,268$2,639$2,120$1,163
20 years$4,622$3,738$2,999$2,390$1,893$999
21 years$4,356$3,482$2,759$2,169$1,694$860
22 years$4,114$3,250$2,543$1,972$1,519$740
23 years$3,893$3,040$2,348$1,796$1,363$638
24 years$3,692$2,848$2,171$1,638$1,225$551
25 years$3,506$2,673$2,011$1,496$1,103$476
26 years$3,335$2,512$1,865$1,368$993$411
27 years$3,178$2,364$1,732$1,252$896$355
28 years$3,031$2,228$1,610$1,147$808$307
29 years$2,895$2,101$1,498$1,052$730$266
30 years$2,768$1,985$1,396$966$659$230
31 years$2,650$1,876$1,301$887$596$199
32 years$2,539$1,775$1,214$815$539$172
33 years$2,436$1,681$1,133$749$488$149
34 years$2,338$1,593$1,059$690$442$129
35 years$2,246$1,511$990$635$400$112
36 years$2,160$1,434$926$585$363$97
37 years$2,078$1,362$867$539$329$84
38 years$2,001$1,295$812$496$298$73
39 years$1,928$1,231$761$458$270$63
40 years$1,859$1,171$713$422$245$55
41 years$1,794$1,115$668$390$222$47
42 years$1,731$1,062$627$360$202$41
43 years$1,672$1,012$588$332$183$36
44 years$1,616$964$552$306$166$31
45 years$1,562$920$519$283$151$27
46 years$1,511$877$487$261$137$23
47 years$1,462$837$458$242$124$20
48 years$1,415$799$430$223$113$17
49 years$1,371$763$404$206$103$15
50 years$1,328$729$380$191$93$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,360,000, adding $5,335 every year, while hoping to spend $25,007 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: 42/34/24 Blend
48$1,360,000$1,360,000$1,360,000$1,360,000
49$1,504,223$1,432,143$1,411,063$1,556,631
50$1,631,047$1,475,711$1,431,726$1,638,163
51$1,769,968$1,520,575$1,452,244$1,723,609
52$1,922,195$1,566,774$1,472,584$1,815,646
53$2,089,057$1,614,344$1,492,714$1,914,896
54$2,272,019$1,663,325$1,512,598$2,022,042
55$2,472,695$1,713,758$1,532,200$2,137,836
56$2,692,861$1,765,683$1,551,480$2,263,106
57$2,934,474$1,819,143$1,570,396$2,398,761
58$3,199,690$1,874,181$1,588,904$2,545,805
59$3,490,884$1,930,841$1,606,958$2,705,340
60$3,810,673$1,989,170$1,624,509$2,878,583
61$4,161,936$2,049,215$1,641,505$3,066,870
62$4,547,850$2,111,022$1,657,892$3,271,675
63$4,971,911$2,174,643$1,673,611$3,494,619
64$5,437,971$2,240,126$1,688,603$3,737,489
65$5,950,276$2,307,524$1,702,803$4,002,252
66$6,513,502$2,376,890$1,716,144$4,291,075
67$7,132,800$2,448,278$1,728,556$4,606,344
68$7,813,846$2,521,745$1,739,963$4,950,687
69$8,562,894$2,597,346$1,750,288$5,327,000
70$9,386,834$2,675,141$1,759,448$5,738,473
71$10,293,258$2,755,190$1,767,356$6,188,619
72$11,290,530$2,837,553$1,773,922$6,681,309
73$12,387,865$2,922,294$1,779,049$7,220,807
74$13,595,417$3,009,477$1,782,638$7,811,811
75$14,924,376$3,099,168$1,784,582$8,459,497
76$16,387,069$3,191,433$1,784,772$9,169,567
77$17,997,079$3,286,343$1,783,091$9,948,305
78$19,769,374$3,383,966$1,779,417$10,802,632
79$21,720,445$3,484,376$1,773,623$11,740,176
80$23,868,466$3,587,646$1,765,575$12,769,340
81$26,233,460$3,693,851$1,755,132$13,899,386
82$28,837,491$3,803,067$1,742,147$15,140,516
83$31,704,872$3,915,375$1,726,465$16,503,974
84$34,862,393$4,030,852$1,707,926$18,002,146
85$38,339,576$4,149,583$1,686,361$19,648,685
86$42,168,950$4,271,650$1,661,591$21,458,633
87$46,386,360$4,397,138$1,633,431$23,448,564
88$51,031,305$4,526,134$1,601,688$25,636,743
89$56,147,312$4,658,728$1,566,158$28,043,297
90$61,782,342$4,795,010$1,526,628$30,690,405
91$67,989,246$4,935,071$1,482,876$33,602,507
92$74,826,266$5,079,007$1,434,670$36,806,534
93$82,357,579$5,226,912$1,381,765$40,332,164
94$90,653,905$5,378,883$1,323,907$44,212,102
95$99,793,176$5,535,021$1,260,830$48,482,386
96$109,861,269$5,695,426$1,192,257$53,182,732
97$120,952,816$5,860,199$1,117,895$58,356,903
98$133,172,101$6,029,447$1,037,442$64,053,128
99$146,634,038$6,203,273$950,580$70,324,554
100$161,465,263$6,381,786$856,977$77,229,747