Can I retire at age 49 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$114,785$113,762$112,765$111,791$110,841$109,365
2 years$56,824$55,766$54,740$53,746$52,781$51,297
3 years$37,507$36,444$35,421$34,435$33,487$32,040
4 years$27,850$26,790$25,777$24,809$23,883$22,485
5 years$22,057$21,004$20,004$19,056$18,155$16,810
6 years$18,196$17,151$16,166$15,239$14,366$13,074
7 years$15,440$14,403$13,434$12,529$11,683$10,447
8 years$13,374$12,346$11,393$10,510$9,692$8,510
9 years$11,767$10,750$9,813$8,952$8,162$7,034
10 years$10,483$9,475$8,555$7,717$6,955$5,880
11 years$9,433$8,435$7,532$6,716$5,981$4,959
12 years$8,558$7,571$6,684$5,891$5,183$4,212
13 years$7,819$6,842$5,972$5,201$4,520$3,598
14 years$7,186$6,219$5,366$4,617$3,962$3,089
15 years$6,637$5,681$4,845$4,117$3,489$2,662
16 years$6,158$5,213$4,392$3,687$3,083$2,302
17 years$5,736$4,801$3,997$3,312$2,734$1,997
18 years$5,361$4,436$3,649$2,985$2,431$1,736
19 years$5,025$4,111$3,340$2,697$2,167$1,512
20 years$4,724$3,820$3,065$2,443$1,935$1,320
21 years$4,452$3,559$2,820$2,217$1,732$1,154
22 years$4,205$3,322$2,599$2,016$1,552$1,010
23 years$3,979$3,107$2,399$1,836$1,393$885
24 years$3,773$2,911$2,219$1,674$1,252$776
25 years$3,584$2,732$2,055$1,529$1,127$681
26 years$3,409$2,567$1,906$1,398$1,015$599
27 years$3,248$2,416$1,770$1,280$915$526
28 years$3,098$2,277$1,646$1,173$826$463
29 years$2,959$2,148$1,531$1,075$746$407
30 years$2,829$2,028$1,426$987$674$359
31 years$2,709$1,918$1,330$906$609$316
32 years$2,595$1,814$1,241$833$551$278
33 years$2,489$1,718$1,158$766$499$245
34 years$2,390$1,628$1,082$705$452$216
35 years$2,296$1,545$1,012$649$409$191
36 years$2,208$1,466$947$597$371$168
37 years$2,124$1,392$886$551$336$148
38 years$2,046$1,323$830$507$304$131
39 years$1,971$1,258$777$468$276$116
40 years$1,900$1,197$729$432$250$102
41 years$1,833$1,140$683$398$227$90
42 years$1,770$1,085$641$367$206$79
43 years$1,709$1,034$601$339$187$70
44 years$1,652$986$565$313$170$62
45 years$1,597$940$530$289$154$55
46 years$1,544$897$498$267$140$48
47 years$1,494$856$468$247$127$43
48 years$1,447$817$440$228$115$38
49 years$1,401$780$413$211$105$33
50 years$1,357$745$388$195$95$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,390,000, adding $2,981 every year, while hoping to spend $32,681 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: 49/45/6 Blend
48$1,390,000$1,390,000$1,390,000$1,390,000
49$1,534,855$1,461,185$1,439,640$1,607,588
50$1,656,638$1,498,011$1,453,096$1,694,368
51$1,789,747$1,535,545$1,465,907$1,784,838
52$1,935,304$1,573,790$1,478,017$1,882,324
53$2,094,542$1,612,743$1,489,368$1,987,487
54$2,268,820$1,652,402$1,499,896$2,101,057
55$2,459,635$1,692,765$1,509,538$2,223,836
56$2,668,633$1,733,826$1,518,223$2,356,707
57$2,897,631$1,775,580$1,525,880$2,500,644
58$3,148,625$1,818,019$1,532,433$2,656,716
59$3,423,816$1,861,134$1,537,801$2,826,103
60$3,725,629$1,904,913$1,541,901$3,010,104
61$4,056,734$1,949,344$1,544,645$3,210,148
62$4,420,070$1,994,412$1,545,941$3,427,811
63$4,818,878$2,040,098$1,545,690$3,664,827
64$5,256,724$2,086,384$1,543,792$3,923,109
65$5,737,541$2,133,247$1,540,139$4,204,760
66$6,265,656$2,180,663$1,534,620$4,512,101
67$6,845,840$2,228,602$1,527,117$4,847,687
68$7,483,347$2,277,035$1,517,507$5,214,332
69$8,183,965$2,325,927$1,505,660$5,615,138
70$8,954,072$2,375,240$1,491,442$6,053,523
71$9,800,694$2,424,932$1,474,711$6,533,253
72$10,731,569$2,474,959$1,455,319$7,058,475
73$11,755,227$2,525,270$1,433,110$7,633,763
74$12,881,063$2,575,811$1,407,922$8,264,153
75$14,119,429$2,626,522$1,379,585$8,955,197
76$15,481,729$2,677,341$1,347,919$9,713,013
77$16,980,531$2,728,196$1,312,740$10,544,343
78$18,629,679$2,779,012$1,273,851$11,456,614
79$20,444,431$2,829,708$1,231,050$12,458,014
80$22,441,595$2,880,196$1,184,122$13,557,564
81$24,639,693$2,930,380$1,132,845$14,765,209
82$27,059,131$2,980,159$1,076,985$16,091,903
83$29,722,398$3,029,421$1,016,299$17,549,724
84$32,654,269$3,078,050$950,532$19,151,978
85$35,882,047$3,125,917$879,418$20,913,333
86$39,435,816$3,172,887$802,678$22,849,950
87$43,348,723$3,218,812$720,022$24,979,643
88$47,657,297$3,263,538$631,146$27,322,044
89$52,401,785$3,306,895$535,734$29,898,787
90$57,626,540$3,348,706$433,454$32,733,716
91$63,380,433$3,388,778$323,960$35,853,109
92$69,717,316$3,426,907$206,892$39,285,928
93$76,696,532$3,462,875$81,872$43,064,090
94$84,383,471$3,496,449$0$47,222,770
95$92,850,191$3,527,381$0$51,804,035
96$102,176,094$3,555,406$0$56,853,119
97$112,448,677$3,580,243$0$62,411,887
98$123,764,358$3,601,591$0$68,532,263
99$136,229,385$3,619,131$0$75,271,466
100$149,960,838$3,632,525$0$82,692,559