Can I retire at age 49 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$113,133$112,126$111,142$110,183$109,246$106,691
2 years$56,007$54,964$53,953$52,972$52,022$49,463
3 years$36,967$35,919$34,911$33,940$33,005$30,521
4 years$27,449$26,404$25,406$24,452$23,539$21,150
5 years$21,740$20,701$19,716$18,781$17,894$15,606
6 years$17,935$16,904$15,934$15,020$14,159$11,975
7 years$15,218$14,196$13,241$12,348$11,515$9,435
8 years$13,181$12,169$11,229$10,359$9,553$7,575
9 years$11,598$10,595$9,672$8,823$8,045$6,169
10 years$10,332$9,339$8,432$7,606$6,855$5,078
11 years$9,297$8,314$7,424$6,619$5,895$4,216
12 years$8,435$7,462$6,588$5,806$5,109$3,523
13 years$7,706$6,744$5,886$5,126$4,455$2,961
14 years$7,082$6,130$5,289$4,550$3,905$2,499
15 years$6,542$5,600$4,775$4,058$3,438$2,117
16 years$6,070$5,138$4,329$3,633$3,039$1,799
17 years$5,653$4,732$3,939$3,265$2,694$1,532
18 years$5,284$4,372$3,596$2,942$2,396$1,308
19 years$4,953$4,052$3,292$2,658$2,135$1,119
20 years$4,656$3,765$3,021$2,408$1,907$958
21 years$4,388$3,507$2,779$2,185$1,707$822
22 years$4,144$3,274$2,561$1,987$1,530$706
23 years$3,922$3,062$2,365$1,809$1,373$606
24 years$3,719$2,869$2,187$1,650$1,234$522
25 years$3,532$2,692$2,026$1,507$1,111$449
26 years$3,360$2,530$1,879$1,378$1,001$387
27 years$3,201$2,381$1,745$1,261$902$333
28 years$3,053$2,244$1,622$1,156$814$287
29 years$2,916$2,117$1,509$1,060$735$248
30 years$2,789$1,999$1,406$973$664$214
31 years$2,670$1,890$1,311$893$600$184
32 years$2,558$1,788$1,223$821$543$159
33 years$2,453$1,693$1,142$755$492$137
34 years$2,355$1,605$1,067$695$445$119
35 years$2,263$1,522$997$639$403$102
36 years$2,176$1,445$933$589$365$88
37 years$2,094$1,372$873$543$331$76
38 years$2,016$1,304$818$500$300$66
39 years$1,943$1,240$766$461$272$57
40 years$1,873$1,180$718$425$247$49
41 years$1,807$1,123$673$392$224$43
42 years$1,744$1,070$632$362$203$37
43 years$1,685$1,019$593$334$184$32
44 years$1,628$972$556$309$167$27
45 years$1,574$926$522$285$152$24
46 years$1,522$884$491$263$138$20
47 years$1,473$843$461$243$125$18
48 years$1,426$805$433$225$114$15
49 years$1,381$769$407$208$103$13
50 years$1,338$734$383$192$94$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,370,000, adding $5,774 every year, while hoping to spend $28,086 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: 43/48/9 Blend
48$1,370,000$1,370,000$1,370,000$1,370,000
49$1,515,696$1,443,086$1,421,851$1,576,684
50$1,640,414$1,483,914$1,439,600$1,660,515
51$1,776,911$1,525,801$1,457,002$1,747,971
52$1,926,361$1,568,770$1,474,016$1,842,076
53$2,090,052$1,612,842$1,490,598$1,943,447
54$2,269,407$1,658,041$1,506,703$2,052,766
55$2,465,991$1,704,389$1,522,281$2,170,780
56$2,681,527$1,751,909$1,537,283$2,298,314
57$2,917,913$1,800,624$1,551,653$2,436,273
58$3,177,242$1,850,556$1,565,334$2,585,655
59$3,461,816$1,901,728$1,578,268$2,747,558
60$3,774,172$1,954,163$1,590,391$2,923,188
61$4,117,104$2,007,885$1,601,636$3,113,876
62$4,493,692$2,062,914$1,611,934$3,321,085
63$4,907,326$2,119,274$1,621,211$3,546,427
64$5,361,742$2,176,987$1,629,390$3,791,676
65$5,861,055$2,236,075$1,636,390$4,058,786
66$6,409,799$2,296,559$1,642,125$4,349,908
67$7,012,968$2,358,460$1,646,507$4,667,411
68$7,676,067$2,421,800$1,649,440$5,013,905
69$8,405,156$2,486,599$1,650,827$5,392,263
70$9,206,915$2,552,876$1,650,563$5,805,652
71$10,088,704$2,620,650$1,648,540$6,257,557
72$11,058,629$2,689,939$1,644,644$6,751,819
73$12,125,625$2,760,762$1,638,755$7,292,669
74$13,299,533$2,833,133$1,630,747$7,884,768
75$14,591,198$2,907,070$1,620,490$8,533,250
76$16,012,569$2,982,585$1,607,845$9,243,772
77$17,576,811$3,059,692$1,592,669$10,022,566
78$19,298,432$3,138,403$1,574,809$10,876,497
79$21,193,414$3,218,727$1,554,108$11,813,131
80$23,279,371$3,300,673$1,530,399$12,840,802
81$25,575,709$3,384,248$1,503,509$13,968,693
82$28,103,811$3,469,456$1,473,256$15,206,923
83$30,887,240$3,556,300$1,439,451$16,566,640
84$33,951,959$3,644,779$1,401,893$18,060,130
85$37,326,577$3,734,892$1,360,375$19,700,929
86$41,042,620$3,826,633$1,314,679$21,503,952
87$45,134,824$3,919,995$1,264,578$23,485,635
88$49,641,467$4,014,966$1,209,832$25,664,090
89$54,604,729$4,111,531$1,150,193$28,059,271
90$60,071,088$4,209,673$1,085,402$30,693,172
91$66,091,761$4,309,369$1,015,185$33,590,025
92$72,723,185$4,410,593$939,259$36,776,535
93$80,027,552$4,513,314$857,326$40,282,127
94$88,073,393$4,617,497$769,076$44,139,230
95$96,936,224$4,723,100$674,186$48,383,577
96$106,699,264$4,830,076$572,316$53,054,548
97$117,454,213$4,938,374$463,113$58,195,537
98$129,302,123$5,047,935$346,208$63,854,365
99$142,354,350$5,158,694$221,215$70,083,729
100$156,733,600$5,270,576$87,732$76,941,703