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%14.7%
1 years$113,133$112,126$111,142$110,183$109,246$107,128
2 years$56,007$54,964$53,953$52,972$52,022$49,896
3 years$36,967$35,919$34,911$33,940$33,005$30,938
4 years$27,449$26,404$25,406$24,452$23,539$21,548
5 years$21,740$20,701$19,716$18,781$17,894$15,983
6 years$17,935$16,904$15,934$15,020$14,159$12,331
7 years$15,218$14,196$13,241$12,348$11,515$9,770
8 years$13,181$12,169$11,229$10,359$9,553$7,891
9 years$11,598$10,595$9,672$8,823$8,045$6,464
10 years$10,332$9,339$8,432$7,606$6,855$5,354
11 years$9,297$8,314$7,424$6,619$5,895$4,473
12 years$8,435$7,462$6,588$5,806$5,109$3,763
13 years$7,706$6,744$5,886$5,126$4,455$3,183
14 years$7,082$6,130$5,289$4,550$3,905$2,705
15 years$6,542$5,600$4,775$4,058$3,438$2,308
16 years$6,070$5,138$4,329$3,633$3,039$1,975
17 years$5,653$4,732$3,939$3,265$2,694$1,694
18 years$5,284$4,372$3,596$2,942$2,396$1,457
19 years$4,953$4,052$3,292$2,658$2,135$1,256
20 years$4,656$3,765$3,021$2,408$1,907$1,084
21 years$4,388$3,507$2,779$2,185$1,707$936
22 years$4,144$3,274$2,561$1,987$1,530$810
23 years$3,922$3,062$2,365$1,809$1,373$702
24 years$3,719$2,869$2,187$1,650$1,234$608
25 years$3,532$2,692$2,026$1,507$1,111$528
26 years$3,360$2,530$1,879$1,378$1,001$458
27 years$3,201$2,381$1,745$1,261$902$398
28 years$3,053$2,244$1,622$1,156$814$346
29 years$2,916$2,117$1,509$1,060$735$301
30 years$2,789$1,999$1,406$973$664$261
31 years$2,670$1,890$1,311$893$600$228
32 years$2,558$1,788$1,223$821$543$198
33 years$2,453$1,693$1,142$755$492$172
34 years$2,355$1,605$1,067$695$445$150
35 years$2,263$1,522$997$639$403$131
36 years$2,176$1,445$933$589$365$114
37 years$2,094$1,372$873$543$331$99
38 years$2,016$1,304$818$500$300$86
39 years$1,943$1,240$766$461$272$75
40 years$1,873$1,180$718$425$247$66
41 years$1,807$1,123$673$392$224$57
42 years$1,744$1,070$632$362$203$50
43 years$1,685$1,019$593$334$184$43
44 years$1,628$972$556$309$167$38
45 years$1,574$926$522$285$152$33
46 years$1,522$884$491$263$138$29
47 years$1,473$843$461$243$125$25
48 years$1,426$805$433$225$114$22
49 years$1,381$769$407$208$103$19
50 years$1,338$734$383$192$94$17

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 $2,737 every year, while hoping to spend $21,235 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: 57/17/26 Blend
48$1,370,000$1,370,000$1,370,000$1,370,000
49$1,512,563$1,439,953$1,418,718$1,587,900
50$1,644,251$1,487,917$1,443,651$1,687,782
51$1,788,659$1,537,519$1,468,708$1,794,123
52$1,947,062$1,588,818$1,493,870$1,909,587
53$2,120,866$1,641,873$1,519,118$2,035,062
54$2,311,616$1,696,747$1,544,430$2,171,526
55$2,521,017$1,753,504$1,569,785$2,320,054
56$2,750,946$1,812,211$1,595,158$2,481,831
57$3,003,470$1,872,937$1,620,523$2,658,162
58$3,280,868$1,935,754$1,645,855$2,850,482
59$3,585,648$2,000,738$1,671,122$3,060,373
60$3,920,574$2,067,965$1,696,295$3,289,577
61$4,288,693$2,137,515$1,721,341$3,540,014
62$4,693,359$2,209,472$1,746,225$3,813,794
63$5,138,268$2,283,923$1,770,910$4,113,247
64$5,627,493$2,360,956$1,795,357$4,440,935
65$6,165,519$2,440,666$1,819,524$4,799,682
66$6,757,292$2,523,148$1,843,368$5,192,600
67$7,408,256$2,608,502$1,866,841$5,623,113
68$8,124,413$2,696,834$1,889,895$6,094,997
69$8,912,373$2,788,249$1,912,477$6,612,410
70$9,779,423$2,882,861$1,934,533$7,179,934
71$10,733,589$2,980,786$1,956,004$7,802,616
72$11,783,714$3,082,144$1,976,829$8,486,015
73$12,939,544$3,187,060$1,996,945$9,236,259
74$14,211,817$3,295,665$2,016,281$10,060,097
75$15,612,363$3,408,093$2,034,767$10,964,965
76$17,154,219$3,524,485$2,052,327$11,959,058
77$18,851,751$3,644,986$2,068,881$13,051,403
78$20,720,786$3,769,747$2,084,346$14,251,946
79$22,778,767$3,898,926$2,098,632$15,571,649
80$25,044,913$4,032,685$2,111,648$17,022,588
81$27,540,401$4,171,193$2,123,295$18,618,070
82$30,288,568$4,314,627$2,133,471$20,372,756
83$33,315,127$4,463,169$2,142,068$22,302,803
84$36,648,415$4,617,009$2,148,972$24,426,013
85$40,319,655$4,776,345$2,154,064$26,762,002
86$44,363,254$4,941,380$2,157,220$29,332,385
87$48,817,127$5,112,329$2,158,308$32,160,982
88$53,723,053$5,289,412$2,157,190$35,274,038
89$59,127,070$5,472,859$2,153,722$38,700,473
90$65,079,912$5,662,909$2,147,752$42,472,158
91$71,637,483$5,859,812$2,139,121$46,624,210
92$78,861,387$6,063,824$2,127,663$51,195,327
93$86,819,512$6,275,214$2,113,203$56,228,151
94$95,586,664$6,494,262$2,095,558$61,769,675
95$105,245,281$6,721,257$2,074,535$67,871,679
96$115,886,202$6,956,502$2,049,935$74,591,225
97$127,609,534$7,200,310$2,021,547$81,991,191
98$140,525,588$7,453,007$1,989,151$90,140,869
99$154,755,926$7,714,932$1,952,515$99,116,615
100$170,434,505$7,986,438$1,911,399$109,002,572