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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$113,959$112,944$111,954$110,987$110,043$107,339
2 years$56,415$55,365$54,346$53,359$52,401$49,694
3 years$37,237$36,181$35,166$34,188$33,246$30,619
4 years$27,649$26,597$25,592$24,630$23,711$21,186
5 years$21,898$20,853$19,860$18,918$18,025$15,608
6 years$18,065$17,028$16,050$15,129$14,262$11,957
7 years$15,329$14,300$13,338$12,439$11,599$9,404
8 years$13,277$12,258$11,311$10,434$9,623$7,538
9 years$11,683$10,672$9,742$8,888$8,104$6,127
10 years$10,407$9,407$8,494$7,661$6,905$5,034
11 years$9,365$8,375$7,478$6,668$5,938$4,171
12 years$8,497$7,517$6,636$5,848$5,146$3,479
13 years$7,763$6,793$5,929$5,163$4,487$2,918
14 years$7,134$6,175$5,327$4,583$3,934$2,458
15 years$6,590$5,641$4,810$4,088$3,463$2,078
16 years$6,114$5,175$4,361$3,660$3,061$1,762
17 years$5,695$4,766$3,968$3,288$2,714$1,498
18 years$5,322$4,404$3,622$2,964$2,413$1,276
19 years$4,989$4,082$3,316$2,678$2,151$1,089
20 years$4,690$3,793$3,043$2,425$1,921$930
21 years$4,420$3,533$2,799$2,201$1,719$796
22 years$4,174$3,298$2,580$2,001$1,541$682
23 years$3,951$3,084$2,382$1,823$1,383$585
24 years$3,746$2,890$2,203$1,662$1,243$502
25 years$3,558$2,712$2,041$1,518$1,119$431
26 years$3,384$2,549$1,893$1,388$1,008$370
27 years$3,224$2,399$1,757$1,271$909$318
28 years$3,076$2,260$1,634$1,164$820$273
29 years$2,938$2,132$1,520$1,068$740$235
30 years$2,809$2,014$1,416$980$669$202
31 years$2,689$1,904$1,320$900$605$174
32 years$2,577$1,801$1,232$827$547$150
33 years$2,471$1,706$1,150$760$495$129
34 years$2,372$1,617$1,075$700$448$111
35 years$2,279$1,533$1,005$644$406$96
36 years$2,192$1,455$940$593$368$83
37 years$2,109$1,382$880$547$333$71
38 years$2,031$1,314$824$504$302$61
39 years$1,957$1,249$772$464$274$53
40 years$1,887$1,189$723$428$249$45
41 years$1,820$1,131$678$395$226$39
42 years$1,757$1,078$636$365$205$34
43 years$1,697$1,027$597$337$186$29
44 years$1,640$979$560$311$169$25
45 years$1,585$933$526$287$153$22
46 years$1,533$890$494$265$139$19
47 years$1,484$850$464$245$126$16
48 years$1,436$811$436$226$115$14
49 years$1,391$774$410$209$104$12
50 years$1,347$740$386$193$95$10

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 $5,981 every year, while hoping to spend $23,201 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: 32/41/27 Blend
48$1,380,000$1,380,000$1,380,000$1,380,000
49$1,526,929$1,453,789$1,432,399$1,563,039
50$1,657,991$1,500,339$1,455,699$1,637,685
51$1,801,642$1,548,393$1,479,002$1,715,560
52$1,959,144$1,597,999$1,502,283$1,798,983
53$2,131,884$1,649,208$1,525,517$1,888,457
54$2,321,390$1,702,073$1,548,675$1,984,536
55$2,529,346$1,756,648$1,571,729$2,087,829
56$2,757,605$1,812,989$1,594,648$2,199,006
57$3,008,209$1,871,155$1,617,397$2,318,801
58$3,283,409$1,931,204$1,639,943$2,448,025
59$3,585,683$1,993,199$1,662,247$2,587,568
60$3,917,761$2,057,204$1,684,271$2,738,409
61$4,282,650$2,123,285$1,705,972$2,901,625
62$4,683,665$2,191,510$1,727,306$3,078,403
63$5,124,455$2,261,950$1,748,226$3,270,046
64$5,609,041$2,334,677$1,768,684$3,477,990
65$6,141,855$2,409,768$1,788,627$3,703,817
66$6,727,778$2,487,300$1,807,999$3,949,265
67$7,372,187$2,567,355$1,826,744$4,216,249
68$8,081,009$2,650,014$1,844,799$4,506,878
69$8,860,772$2,735,364$1,862,099$4,823,474
70$9,718,669$2,823,495$1,878,578$5,168,592
71$10,662,626$2,914,499$1,894,162$5,545,047
72$11,701,374$3,008,470$1,908,778$5,955,938
73$12,844,537$3,105,508$1,922,344$6,404,678
74$14,102,715$3,205,713$1,934,778$6,895,027
75$15,487,591$3,309,192$1,945,992$7,431,125
76$17,012,035$3,416,052$1,955,893$8,017,532
77$18,690,232$3,526,407$1,964,384$8,659,270
78$20,537,807$3,640,373$1,971,363$9,361,873
79$22,571,983$3,758,071$1,976,722$10,131,436
80$24,811,732$3,879,624$1,980,350$10,974,670
81$27,277,965$4,005,161$1,982,127$11,898,972
82$29,993,719$4,134,816$1,981,931$12,912,490
83$32,984,383$4,268,726$1,979,630$14,024,199
84$36,277,930$4,407,034$1,975,088$15,243,986
85$39,905,187$4,549,887$1,968,161$16,582,747
86$43,900,122$4,697,437$1,958,701$18,052,483
87$48,300,166$4,849,843$1,946,548$19,666,418
88$53,146,564$5,007,266$1,931,539$21,439,121
89$58,484,768$5,169,877$1,913,500$23,386,645
90$64,364,862$5,337,849$1,892,250$25,526,676
91$70,842,037$5,511,362$1,867,599$27,878,701
92$77,977,111$5,690,605$1,839,350$30,464,192
93$85,837,102$5,875,770$1,807,293$33,306,808
94$94,495,861$6,067,058$1,771,212$36,432,618
95$104,034,769$6,264,674$1,730,879$39,870,345
96$114,543,507$6,468,835$1,686,055$43,651,639
97$126,120,898$6,679,760$1,636,490$47,811,377
98$138,875,842$6,897,681$1,581,925$52,387,986
99$152,928,344$7,122,834$1,522,086$57,423,812
100$168,410,648$7,355,465$1,456,688$62,965,514