Can I retire at age 49 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$113,959$112,944$111,954$110,987$110,043$106,308
2 years$56,415$55,365$54,346$53,359$52,401$48,676
3 years$37,237$36,181$35,166$34,188$33,246$29,646
4 years$27,649$26,597$25,592$24,630$23,711$20,266
5 years$21,898$20,853$19,860$18,918$18,025$14,743
6 years$18,065$17,028$16,050$15,129$14,262$11,146
7 years$15,329$14,300$13,338$12,439$11,599$8,648
8 years$13,277$12,258$11,311$10,434$9,623$6,835
9 years$11,683$10,672$9,742$8,888$8,104$5,475
10 years$10,407$9,407$8,494$7,661$6,905$4,432
11 years$9,365$8,375$7,478$6,668$5,938$3,616
12 years$8,497$7,517$6,636$5,848$5,146$2,968
13 years$7,763$6,793$5,929$5,163$4,487$2,449
14 years$7,134$6,175$5,327$4,583$3,934$2,029
15 years$6,590$5,641$4,810$4,088$3,463$1,687
16 years$6,114$5,175$4,361$3,660$3,061$1,406
17 years$5,695$4,766$3,968$3,288$2,714$1,174
18 years$5,322$4,404$3,622$2,964$2,413$983
19 years$4,989$4,082$3,316$2,678$2,151$823
20 years$4,690$3,793$3,043$2,425$1,921$691
21 years$4,420$3,533$2,799$2,201$1,719$580
22 years$4,174$3,298$2,580$2,001$1,541$488
23 years$3,951$3,084$2,382$1,823$1,383$411
24 years$3,746$2,890$2,203$1,662$1,243$346
25 years$3,558$2,712$2,041$1,518$1,119$291
26 years$3,384$2,549$1,893$1,388$1,008$245
27 years$3,224$2,399$1,757$1,271$909$207
28 years$3,076$2,260$1,634$1,164$820$174
29 years$2,938$2,132$1,520$1,068$740$147
30 years$2,809$2,014$1,416$980$669$124
31 years$2,689$1,904$1,320$900$605$105
32 years$2,577$1,801$1,232$827$547$88
33 years$2,471$1,706$1,150$760$495$75
34 years$2,372$1,617$1,075$700$448$63
35 years$2,279$1,533$1,005$644$406$53
36 years$2,192$1,455$940$593$368$45
37 years$2,109$1,382$880$547$333$38
38 years$2,031$1,314$824$504$302$32
39 years$1,957$1,249$772$464$274$27
40 years$1,887$1,189$723$428$249$23
41 years$1,820$1,131$678$395$226$19
42 years$1,757$1,078$636$365$205$16
43 years$1,697$1,027$597$337$186$14
44 years$1,640$979$560$311$169$12
45 years$1,585$933$526$287$153$10
46 years$1,533$890$494$265$139$8
47 years$1,484$850$464$245$126$7
48 years$1,436$811$436$226$115$6
49 years$1,391$774$410$209$104$5
50 years$1,347$740$386$193$95$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,380,000, adding $3,923 every year, while hoping to spend $20,097 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: 67/13/20 Blend
48$1,380,000$1,380,000$1,380,000$1,380,000
49$1,524,807$1,451,667$1,430,277$1,619,098
50$1,658,954$1,501,415$1,456,808$1,732,483
51$1,806,110$1,552,928$1,483,554$1,853,743
52$1,967,582$1,606,270$1,510,502$1,985,865
53$2,144,808$1,661,509$1,537,636$2,129,917
54$2,339,371$1,718,716$1,564,939$2,287,076
55$2,553,017$1,777,963$1,592,395$2,458,636
56$2,787,668$1,839,327$1,619,984$2,646,023
57$3,045,442$1,902,886$1,647,685$2,850,808
58$3,328,673$1,968,723$1,675,478$3,074,719
59$3,639,930$2,036,922$1,703,339$3,319,662
60$3,982,044$2,107,573$1,731,242$3,587,734
61$4,358,136$2,180,768$1,759,162$3,881,245
62$4,771,642$2,256,601$1,787,070$4,202,740
63$5,226,348$2,335,173$1,814,935$4,555,021
64$5,726,426$2,416,587$1,842,726$4,941,178
65$6,276,472$2,500,951$1,870,408$5,364,610
66$6,881,550$2,588,375$1,897,945$5,829,065
67$7,547,240$2,678,977$1,925,298$6,338,670
68$8,279,689$2,772,878$1,952,426$6,897,972
69$9,085,671$2,870,203$1,979,286$7,511,980
70$9,972,648$2,971,082$2,005,831$8,186,214
71$10,948,845$3,075,652$2,032,013$8,926,753
72$12,023,323$3,184,053$2,057,781$9,740,297
73$13,206,064$3,296,434$2,083,079$10,634,225
74$14,508,070$3,412,947$2,107,849$11,616,669
75$15,941,463$3,533,751$2,132,032$12,696,588
76$17,519,599$3,659,012$2,155,563$13,883,854
77$19,257,197$3,788,903$2,178,373$15,189,343
78$21,170,474$3,923,601$2,200,390$16,625,038
79$23,277,299$4,063,295$2,221,541$18,204,144
80$25,597,365$4,208,178$2,241,744$19,941,211
81$28,152,370$4,358,453$2,260,916$21,852,268
82$30,966,224$4,514,329$2,278,969$23,954,980
83$34,065,274$4,676,026$2,295,809$26,268,812
84$37,478,552$4,843,772$2,311,339$28,815,210
85$41,238,052$5,017,804$2,325,456$31,617,807
86$45,379,026$5,198,369$2,338,052$34,702,643
87$49,940,322$5,385,724$2,349,012$38,098,413
88$54,964,748$5,580,138$2,358,217$41,836,736
89$60,499,477$5,781,890$2,365,542$45,952,453
90$66,596,491$5,991,269$2,370,855$50,483,957
91$73,313,071$6,208,579$2,374,016$55,473,554
92$80,712,340$6,434,135$2,374,882$60,967,864
93$88,863,856$6,668,266$2,373,298$67,018,257
94$97,844,271$6,911,313$2,369,105$73,681,343
95$107,738,052$7,163,632$2,362,136$81,019,500
96$118,638,280$7,425,596$2,352,213$89,101,468
97$130,647,525$7,697,591$2,339,153$98,002,995
98$143,878,819$7,980,020$2,322,762$107,807,551
99$158,456,721$8,273,303$2,302,836$118,607,119
100$174,518,490$8,577,879$2,279,165$130,503,058