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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$113,133$112,126$111,142$110,183$109,246$105,876
2 years$56,007$54,964$53,953$52,972$52,022$48,656
3 years$36,967$35,919$34,911$33,940$33,005$29,749
4 years$27,449$26,404$25,406$24,452$23,539$20,418
5 years$21,740$20,701$19,716$18,781$17,894$14,916
6 years$17,935$16,904$15,934$15,020$14,159$11,327
7 years$15,218$14,196$13,241$12,348$11,515$8,829
8 years$13,181$12,169$11,229$10,359$9,553$7,010
9 years$11,598$10,595$9,672$8,823$8,045$5,643
10 years$10,332$9,339$8,432$7,606$6,855$4,591
11 years$9,297$8,314$7,424$6,619$5,895$3,765
12 years$8,435$7,462$6,588$5,806$5,109$3,107
13 years$7,706$6,744$5,886$5,126$4,455$2,578
14 years$7,082$6,130$5,289$4,550$3,905$2,148
15 years$6,542$5,600$4,775$4,058$3,438$1,795
16 years$6,070$5,138$4,329$3,633$3,039$1,505
17 years$5,653$4,732$3,939$3,265$2,694$1,264
18 years$5,284$4,372$3,596$2,942$2,396$1,064
19 years$4,953$4,052$3,292$2,658$2,135$897
20 years$4,656$3,765$3,021$2,408$1,907$758
21 years$4,388$3,507$2,779$2,185$1,707$640
22 years$4,144$3,274$2,561$1,987$1,530$542
23 years$3,922$3,062$2,365$1,809$1,373$459
24 years$3,719$2,869$2,187$1,650$1,234$389
25 years$3,532$2,692$2,026$1,507$1,111$329
26 years$3,360$2,530$1,879$1,378$1,001$279
27 years$3,201$2,381$1,745$1,261$902$237
28 years$3,053$2,244$1,622$1,156$814$201
29 years$2,916$2,117$1,509$1,060$735$171
30 years$2,789$1,999$1,406$973$664$145
31 years$2,670$1,890$1,311$893$600$123
32 years$2,558$1,788$1,223$821$543$105
33 years$2,453$1,693$1,142$755$492$89
34 years$2,355$1,605$1,067$695$445$76
35 years$2,263$1,522$997$639$403$64
36 years$2,176$1,445$933$589$365$55
37 years$2,094$1,372$873$543$331$46
38 years$2,016$1,304$818$500$300$39
39 years$1,943$1,240$766$461$272$34
40 years$1,873$1,180$718$425$247$28
41 years$1,807$1,123$673$392$224$24
42 years$1,744$1,070$632$362$203$21
43 years$1,685$1,019$593$334$184$18
44 years$1,628$972$556$309$167$15
45 years$1,574$926$522$285$152$13
46 years$1,522$884$491$263$138$11
47 years$1,473$843$461$243$125$9
48 years$1,426$805$433$225$114$8
49 years$1,381$769$407$208$103$7
50 years$1,338$734$383$192$94$6

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 $2,780 every year, while hoping to spend $36,416 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: 45/34/21 Blend
48$1,370,000$1,370,000$1,370,000$1,370,000
49$1,512,608$1,439,998$1,418,763$1,571,413
50$1,628,147$1,471,811$1,427,545$1,644,858
51$1,754,251$1,503,963$1,435,401$1,720,650
52$1,891,959$1,536,431$1,442,261$1,802,096
53$2,042,415$1,569,192$1,448,052$1,889,739
54$2,206,877$1,602,219$1,452,698$1,984,177
55$2,386,733$1,635,482$1,456,118$2,086,069
56$2,583,509$1,668,949$1,458,227$2,196,144
57$2,798,885$1,702,587$1,458,936$2,315,203
58$3,034,714$1,736,356$1,458,153$2,444,130
59$3,293,033$1,770,216$1,455,780$2,583,900
60$3,576,088$1,804,121$1,451,713$2,735,589
61$3,886,349$1,838,024$1,445,846$2,900,382
62$4,226,541$1,871,871$1,438,066$3,079,586
63$4,599,661$1,905,605$1,428,254$3,274,642
64$5,009,013$1,939,166$1,416,287$3,487,139
65$5,458,234$1,972,488$1,402,035$3,718,830
66$5,951,333$2,005,499$1,385,362$3,971,648
67$6,492,723$2,038,122$1,366,125$4,247,724
68$7,087,267$2,070,276$1,344,177$4,549,406
69$7,740,321$2,101,873$1,319,360$4,879,288
70$8,457,787$2,132,818$1,291,512$5,240,225
71$9,246,165$2,163,010$1,260,461$5,635,368
72$10,112,617$2,192,340$1,226,029$6,068,193
73$11,065,031$2,220,692$1,188,029$6,542,528
74$12,112,102$2,247,944$1,146,265$7,062,599
75$13,263,404$2,273,961$1,100,533$7,633,062
76$14,529,489$2,298,603$1,050,618$8,259,054
77$15,921,981$2,321,718$996,298$8,946,236
78$17,453,688$2,343,147$937,339$9,700,852
79$19,138,720$2,362,717$873,495$10,529,785
80$20,992,625$2,380,246$804,513$11,440,626
81$23,032,533$2,395,539$730,125$12,441,741
82$25,277,320$2,408,389$650,053$13,542,358
83$27,747,783$2,418,576$564,006$14,752,648
84$30,466,837$2,425,866$471,680$16,083,825
85$33,459,730$2,430,009$372,757$17,548,253
86$36,754,285$2,430,742$266,907$19,159,562
87$40,381,156$2,427,783$153,783$20,932,780
88$44,374,124$2,420,834$33,024$22,884,473
89$48,770,408$2,409,578$0$25,032,904
90$53,611,022$2,393,680$0$27,419,683
91$58,941,159$2,372,782$0$30,054,823
92$64,810,616$2,346,508$0$32,955,474
93$71,274,269$2,314,457$0$36,148,706
94$78,392,582$2,276,203$0$39,664,351
95$86,232,186$2,231,297$0$43,535,290
96$94,866,502$2,179,264$0$47,797,762
97$104,376,434$2,119,597$0$52,491,708
98$114,851,137$2,051,764$0$57,661,147
99$126,388,851$1,975,199$0$63,354,594
100$139,097,834$1,889,303$0$69,625,520