Can I retire at age 49 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$118,914$117,855$116,821$115,813$114,828$110,403
2 years$58,868$57,772$56,709$55,679$54,680$50,274
3 years$38,856$37,755$36,695$35,674$34,691$30,444
4 years$28,851$27,754$26,704$25,701$24,742$20,685
5 years$22,850$21,759$20,724$19,741$18,808$14,953
6 years$18,851$17,768$16,748$15,787$14,883$11,231
7 years$15,995$14,922$13,917$12,979$12,103$8,654
8 years$13,855$12,791$11,803$10,888$10,041$6,791
9 years$12,191$11,136$10,166$9,274$8,456$5,400
10 years$10,860$9,816$8,863$7,994$7,205$4,338
11 years$9,772$8,739$7,803$6,958$6,196$3,512
12 years$8,866$7,843$6,925$6,103$5,370$2,860
13 years$8,100$7,088$6,187$5,388$4,683$2,341
14 years$7,444$6,443$5,559$4,783$4,105$1,923
15 years$6,876$5,886$5,019$4,265$3,614$1,585
16 years$6,380$5,400$4,550$3,819$3,194$1,309
17 years$5,942$4,973$4,141$3,431$2,832$1,084
18 years$5,554$4,596$3,780$3,092$2,518$899
19 years$5,206$4,259$3,460$2,794$2,245$747
20 years$4,894$3,958$3,176$2,531$2,005$621
21 years$4,612$3,687$2,921$2,297$1,794$517
22 years$4,356$3,441$2,692$2,088$1,608$430
23 years$4,123$3,218$2,486$1,902$1,444$359
24 years$3,909$3,016$2,299$1,735$1,298$299
25 years$3,713$2,830$2,129$1,584$1,168$249
26 years$3,532$2,660$1,975$1,448$1,052$208
27 years$3,364$2,503$1,834$1,326$948$174
28 years$3,209$2,359$1,705$1,215$856$145
29 years$3,065$2,225$1,586$1,114$773$121
30 years$2,931$2,101$1,478$1,022$698$101
31 years$2,806$1,986$1,378$939$631$85
32 years$2,689$1,880$1,285$863$571$71
33 years$2,579$1,780$1,200$794$517$59
34 years$2,476$1,687$1,121$730$468$49
35 years$2,379$1,600$1,048$672$424$41
36 years$2,287$1,519$981$619$384$34
37 years$2,201$1,442$918$570$348$29
38 years$2,119$1,371$860$526$315$24
39 years$2,042$1,304$805$485$286$20
40 years$1,969$1,240$755$447$259$17
41 years$1,899$1,181$708$412$235$14
42 years$1,833$1,124$664$381$214$12
43 years$1,771$1,071$623$351$194$10
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$7
46 years$1,600$929$516$277$145$6
47 years$1,548$886$485$256$132$5
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,440,000, adding $4,908 every year, while hoping to spend $39,583 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: 41/48/11 Blend
48$1,440,000$1,440,000$1,440,000$1,440,000
49$1,591,943$1,515,623$1,493,303$1,651,834
50$1,712,205$1,547,772$1,501,212$1,726,515
51$1,843,407$1,580,170$1,508,060$1,802,978
52$1,986,623$1,612,788$1,513,769$1,884,853
53$2,143,036$1,645,591$1,518,258$1,972,649
54$2,313,947$1,678,547$1,521,441$2,066,926
55$2,500,789$1,711,615$1,523,228$2,168,302
56$2,705,140$1,744,754$1,523,527$2,277,459
57$2,928,737$1,777,920$1,522,237$2,395,147
58$3,173,492$1,811,062$1,519,256$2,522,195
59$3,441,512$1,844,127$1,514,475$2,659,515
60$3,735,116$1,877,060$1,507,780$2,808,113
61$4,056,859$1,909,796$1,499,051$2,969,099
62$4,409,553$1,942,271$1,488,164$3,143,696
63$4,796,297$1,974,413$1,474,988$3,333,254
64$5,220,504$2,006,143$1,459,384$3,539,259
65$5,685,932$2,037,381$1,441,210$3,763,353
66$6,196,722$2,068,037$1,420,315$4,007,344
67$6,757,432$2,098,016$1,396,541$4,273,227
68$7,373,088$2,127,216$1,369,722$4,563,201
69$8,049,221$2,155,528$1,339,687$4,879,693
70$8,791,929$2,182,836$1,306,254$5,225,378
71$9,607,927$2,209,016$1,269,234$5,603,206
72$10,504,611$2,233,934$1,228,429$6,016,429
73$11,490,133$2,257,448$1,183,633$6,468,636
74$12,573,470$2,279,406$1,134,628$6,963,782
75$13,764,515$2,299,649$1,081,189$7,506,230
76$15,074,167$2,318,002$1,023,080$8,100,790
77$16,514,431$2,334,283$960,052$8,752,768
78$18,098,537$2,348,297$891,848$9,468,013
79$19,841,060$2,359,836$818,198$10,252,976
80$21,758,060$2,368,680$738,819$11,114,768
81$23,867,230$2,374,593$653,417$12,061,234
82$26,188,066$2,377,326$561,685$13,101,021
83$28,742,047$2,376,614$463,300$14,243,664
84$31,552,843$2,372,175$357,927$15,499,679
85$34,646,532$2,363,711$245,217$16,880,657
86$38,051,849$2,350,903$124,802$18,399,380
87$41,800,456$2,333,416$0$20,069,942
88$45,927,242$2,310,893$0$21,908,316
89$50,470,650$2,282,956$0$23,946,858
90$55,473,037$2,249,202$0$26,189,843
91$60,981,082$2,209,207$0$28,658,144
92$67,046,215$2,162,522$0$31,374,774
93$73,725,112$2,108,668$0$34,365,099
94$81,080,221$2,047,141$0$37,657,080
95$89,180,359$1,977,406$0$41,281,539
96$98,101,355$1,898,898$0$45,272,454
97$107,926,767$1,811,018$0$49,667,276
98$118,748,672$1,713,133$0$54,507,287
99$130,668,533$1,604,572$0$59,837,994
100$143,798,156$1,484,629$0$65,709,555