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%14.5%
1 years$113,133$112,126$111,142$110,183$109,246$107,215
2 years$56,007$54,964$53,953$52,972$52,022$49,984
3 years$36,967$35,919$34,911$33,940$33,005$31,023
4 years$27,449$26,404$25,406$24,452$23,539$21,628
5 years$21,740$20,701$19,716$18,781$17,894$16,060
6 years$17,935$16,904$15,934$15,020$14,159$12,404
7 years$15,218$14,196$13,241$12,348$11,515$9,839
8 years$13,181$12,169$11,229$10,359$9,553$7,955
9 years$11,598$10,595$9,672$8,823$8,045$6,525
10 years$10,332$9,339$8,432$7,606$6,855$5,411
11 years$9,297$8,314$7,424$6,619$5,895$4,526
12 years$8,435$7,462$6,588$5,806$5,109$3,813
13 years$7,706$6,744$5,886$5,126$4,455$3,229
14 years$7,082$6,130$5,289$4,550$3,905$2,748
15 years$6,542$5,600$4,775$4,058$3,438$2,348
16 years$6,070$5,138$4,329$3,633$3,039$2,012
17 years$5,653$4,732$3,939$3,265$2,694$1,729
18 years$5,284$4,372$3,596$2,942$2,396$1,489
19 years$4,953$4,052$3,292$2,658$2,135$1,285
20 years$4,656$3,765$3,021$2,408$1,907$1,110
21 years$4,388$3,507$2,779$2,185$1,707$961
22 years$4,144$3,274$2,561$1,987$1,530$833
23 years$3,922$3,062$2,365$1,809$1,373$722
24 years$3,719$2,869$2,187$1,650$1,234$627
25 years$3,532$2,692$2,026$1,507$1,111$545
26 years$3,360$2,530$1,879$1,378$1,001$474
27 years$3,201$2,381$1,745$1,261$902$412
28 years$3,053$2,244$1,622$1,156$814$359
29 years$2,916$2,117$1,509$1,060$735$313
30 years$2,789$1,999$1,406$973$664$272
31 years$2,670$1,890$1,311$893$600$237
32 years$2,558$1,788$1,223$821$543$207
33 years$2,453$1,693$1,142$755$492$180
34 years$2,355$1,605$1,067$695$445$157
35 years$2,263$1,522$997$639$403$137
36 years$2,176$1,445$933$589$365$120
37 years$2,094$1,372$873$543$331$104
38 years$2,016$1,304$818$500$300$91
39 years$1,943$1,240$766$461$272$80
40 years$1,873$1,180$718$425$247$69
41 years$1,807$1,123$673$392$224$61
42 years$1,744$1,070$632$362$203$53
43 years$1,685$1,019$593$334$184$46
44 years$1,628$972$556$309$167$40
45 years$1,574$926$522$285$152$35
46 years$1,522$884$491$263$138$31
47 years$1,473$843$461$243$125$27
48 years$1,426$805$433$225$114$23
49 years$1,381$769$407$208$103$20
50 years$1,338$734$383$192$94$18

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 $5,900 every year, while hoping to spend $32,221 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: 47/38/15 Blend
48$1,370,000$1,370,000$1,370,000$1,370,000
49$1,515,826$1,443,216$1,421,981$1,580,408
50$1,636,157$1,479,651$1,435,334$1,662,216
51$1,767,682$1,516,791$1,448,055$1,747,193
52$1,911,509$1,554,637$1,460,088$1,838,718
53$2,068,857$1,593,188$1,471,376$1,937,414
54$2,241,070$1,632,443$1,481,856$2,043,967
55$2,429,626$1,672,400$1,491,464$2,159,132
56$2,636,153$1,713,053$1,500,134$2,283,740
57$2,862,445$1,754,397$1,507,793$2,418,707
58$3,110,477$1,796,425$1,514,367$2,565,042
59$3,382,425$1,839,129$1,519,777$2,723,855
60$3,680,684$1,882,497$1,523,941$2,896,370
61$4,007,892$1,926,518$1,526,772$3,083,936
62$4,366,957$1,971,178$1,528,178$3,288,039
63$4,761,079$2,016,458$1,528,065$3,510,315
64$5,193,786$2,062,341$1,526,332$3,752,568
65$5,668,962$2,108,806$1,522,874$4,016,786
66$6,190,886$2,155,827$1,517,580$4,305,157
67$6,764,273$2,203,379$1,510,335$4,620,096
68$7,394,315$2,251,431$1,501,018$4,964,261
69$8,086,735$2,299,951$1,489,502$5,340,584
70$8,847,834$2,348,901$1,475,653$5,752,293
71$9,684,558$2,398,242$1,459,331$6,202,947
72$10,604,556$2,447,929$1,440,392$6,696,469
73$11,616,258$2,497,914$1,418,682$7,237,183
74$12,728,949$2,548,145$1,394,041$7,829,851
75$13,952,861$2,598,564$1,366,301$8,479,724
76$15,299,268$2,649,108$1,335,287$9,192,590
77$16,780,589$2,699,711$1,300,815$9,974,826
78$18,410,511$2,750,298$1,262,694$10,833,461
79$20,204,110$2,800,790$1,220,722$11,776,243
80$22,178,003$2,851,101$1,174,689$12,811,710
81$24,350,494$2,901,140$1,124,376$13,949,272
82$26,741,755$2,950,807$1,069,553$15,199,303
83$29,374,011$2,999,993$1,009,980$16,573,234
84$32,271,751$3,048,584$945,406$18,083,664
85$35,461,962$3,096,457$875,569$19,744,480
86$38,974,376$3,143,478$800,195$21,570,987
87$42,841,759$3,189,504$718,997$23,580,055
88$47,100,213$3,234,384$631,678$25,790,275
89$51,789,519$3,277,954$537,924$28,222,139
90$56,953,515$3,320,039$437,409$30,898,232
91$62,640,505$3,360,452$329,794$33,843,445
92$68,903,716$3,398,993$214,721$37,085,213
93$75,801,802$3,435,451$91,821$40,653,772
94$83,399,394$3,469,597$0$44,582,447
95$91,767,714$3,501,189$0$48,914,264
96$100,985,243$3,529,969$0$53,699,499
97$111,138,462$3,555,662$0$58,968,124
98$122,322,670$3,577,974$0$64,769,380
99$134,642,882$3,596,594$0$71,157,534
100$148,214,819$3,611,191$0$78,192,390