Can I retire at age 49 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$120,565$119,492$118,444$117,421$116,422$113,241
2 years$59,686$58,574$57,497$56,452$55,439$52,257
3 years$39,395$38,279$37,204$36,170$35,173$32,090
4 years$29,252$28,139$27,075$26,058$25,086$22,125
5 years$23,168$22,061$21,011$20,015$19,070$16,240
6 years$19,113$18,015$16,980$16,006$15,089$12,393
7 years$16,217$15,129$14,111$13,160$12,272$9,709
8 years$14,047$12,968$11,967$11,039$10,180$7,750
9 years$12,360$11,291$10,307$9,403$8,573$6,273
10 years$11,011$9,953$8,986$8,106$7,305$5,132
11 years$9,908$8,860$7,911$7,054$6,283$4,233
12 years$8,989$7,952$7,021$6,188$5,444$3,515
13 years$8,213$7,187$6,273$5,463$4,748$2,934
14 years$7,548$6,532$5,636$4,849$4,162$2,459
15 years$6,972$5,968$5,089$4,325$3,664$2,069
16 years$6,468$5,475$4,614$3,872$3,238$1,746
17 years$6,025$5,042$4,198$3,479$2,871$1,476
18 years$5,631$4,659$3,832$3,135$2,553$1,251
19 years$5,279$4,318$3,508$2,833$2,276$1,062
20 years$4,962$4,013$3,220$2,566$2,033$903
21 years$4,676$3,738$2,962$2,329$1,819$768
22 years$4,416$3,489$2,730$2,117$1,631$655
23 years$4,180$3,263$2,520$1,928$1,464$558
24 years$3,963$3,057$2,331$1,759$1,316$476
25 years$3,764$2,869$2,159$1,606$1,184$407
26 years$3,581$2,697$2,002$1,469$1,066$347
27 years$3,411$2,538$1,859$1,344$961$297
28 years$3,254$2,391$1,728$1,232$867$254
29 years$3,108$2,256$1,608$1,129$783$217
30 years$2,972$2,131$1,498$1,037$708$186
31 years$2,845$2,014$1,397$952$640$159
32 years$2,726$1,906$1,303$875$579$136
33 years$2,615$1,805$1,217$805$524$116
34 years$2,510$1,710$1,137$740$474$100
35 years$2,412$1,622$1,063$681$430$85
36 years$2,319$1,540$994$628$389$73
37 years$2,231$1,463$931$578$353$63
38 years$2,149$1,390$872$533$320$54
39 years$2,070$1,322$817$491$290$46
40 years$1,996$1,257$765$453$263$39
41 years$1,926$1,197$718$418$239$34
42 years$1,859$1,140$673$386$217$29
43 years$1,795$1,086$632$356$197$25
44 years$1,735$1,035$593$329$178$21
45 years$1,677$987$557$304$162$18
46 years$1,622$942$523$281$147$16
47 years$1,570$899$491$259$134$13
48 years$1,519$858$462$240$121$11
49 years$1,471$819$434$221$110$10
50 years$1,425$783$408$205$100$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,460,000, adding $4,412 every year, while hoping to spend $21,493 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: 48/22/30 Blend
48$1,460,000$1,460,000$1,460,000$1,460,000
49$1,613,471$1,536,091$1,513,461$1,676,892
50$1,755,177$1,588,491$1,541,294$1,774,484
51$1,910,616$1,642,738$1,569,338$1,877,970
52$2,081,167$1,698,901$1,597,579$1,989,954
53$2,268,348$1,757,049$1,626,000$2,111,250
54$2,473,830$1,817,255$1,654,582$2,242,753
55$2,699,457$1,879,596$1,683,306$2,385,451
56$2,947,256$1,944,151$1,712,151$2,540,427
57$3,219,463$2,011,001$1,741,095$2,708,875
58$3,518,540$2,080,232$1,770,114$2,892,112
59$3,847,199$2,151,932$1,799,181$3,091,583
60$4,208,430$2,226,193$1,828,270$3,308,883
61$4,605,524$2,303,111$1,857,351$3,545,766
62$5,042,108$2,382,784$1,886,393$3,804,164
63$5,522,179$2,465,316$1,915,363$4,086,204
64$6,050,138$2,550,814$1,944,225$4,394,229
65$6,630,838$2,639,389$1,972,942$4,730,818
66$7,269,622$2,731,158$2,001,474$5,098,814
67$7,972,379$2,826,240$2,029,779$5,501,346
68$8,745,596$2,924,760$2,057,811$5,941,860
69$9,596,423$3,026,850$2,085,524$6,424,154
70$10,532,735$3,132,642$2,112,866$6,952,409
71$11,563,212$3,242,280$2,139,785$7,531,232
72$12,697,416$3,355,908$2,166,224$8,165,697
73$13,945,884$3,473,678$2,192,124$8,861,395
74$15,320,225$3,595,750$2,217,421$9,624,484
75$16,833,233$3,722,286$2,242,049$10,461,749
76$18,499,003$3,853,458$2,265,938$11,380,662
77$20,333,068$3,989,445$2,289,014$12,389,460
78$22,352,544$4,130,431$2,311,199$13,497,213
79$24,576,289$4,276,608$2,332,411$14,713,917
80$27,025,086$4,428,177$2,352,562$16,050,583
81$29,721,834$4,585,347$2,371,561$17,519,345
82$32,691,766$4,748,334$2,389,314$19,133,569
83$35,962,688$4,917,363$2,405,717$20,907,986
84$39,565,239$5,092,671$2,420,665$22,858,824
85$43,533,182$5,274,501$2,434,047$25,003,963
86$47,903,723$5,463,108$2,445,744$27,363,106
87$52,717,859$5,658,756$2,455,632$29,957,963
88$58,020,767$5,861,722$2,463,583$32,812,453
89$63,862,231$6,072,292$2,469,458$35,952,935
90$70,297,110$6,290,766$2,473,117$39,408,450
91$77,385,856$6,517,454$2,474,407$43,211,002
92$85,195,085$6,752,681$2,473,171$47,395,854
93$93,798,205$6,996,783$2,469,243$52,001,861
94$103,276,110$7,250,114$2,462,451$57,071,842
95$113,717,941$7,513,038$2,452,611$62,652,977
96$125,221,931$7,785,936$2,439,533$68,797,255
97$137,896,328$8,069,207$2,423,018$75,561,966
98$151,860,418$8,363,263$2,402,854$83,010,238
99$167,245,654$8,668,536$2,378,823$91,211,635
100$184,196,891$8,985,475$2,350,694$100,242,813