Can I retire at age 49 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$122,217$121,128$120,066$119,030$118,017$117,077
2 years$60,503$59,377$58,285$57,226$56,199$55,251
3 years$39,935$38,803$37,714$36,665$35,655$34,729
4 years$29,653$28,525$27,446$26,415$25,429$24,533
5 years$23,485$22,364$21,299$20,289$19,331$18,466
6 years$19,375$18,262$17,213$16,226$15,296$14,463
7 years$16,440$15,336$14,304$13,340$12,440$11,640
8 years$14,239$13,146$12,131$11,191$10,320$9,554
9 years$12,529$11,446$10,448$9,532$8,691$7,957
10 years$11,162$10,089$9,109$8,217$7,405$6,704
11 years$10,044$8,982$8,020$7,151$6,369$5,699
12 years$9,112$8,061$7,117$6,272$5,519$4,881
13 years$8,325$7,285$6,359$5,537$4,813$4,205
14 years$7,651$6,622$5,713$4,916$4,219$3,641
15 years$7,067$6,049$5,158$4,384$3,714$3,166
16 years$6,557$5,550$4,677$3,925$3,283$2,762
17 years$6,107$5,111$4,256$3,527$2,911$2,418
18 years$5,708$4,723$3,885$3,178$2,588$2,121
19 years$5,351$4,377$3,556$2,872$2,307$1,866
20 years$5,030$4,068$3,264$2,601$2,061$1,644
21 years$4,740$3,789$3,002$2,361$1,844$1,451
22 years$4,477$3,537$2,767$2,146$1,653$1,282
23 years$4,237$3,308$2,555$1,955$1,484$1,135
24 years$4,017$3,099$2,363$1,783$1,334$1,005
25 years$3,816$2,909$2,188$1,628$1,200$892
26 years$3,630$2,734$2,030$1,489$1,081$791
27 years$3,458$2,573$1,885$1,363$975$703
28 years$3,299$2,424$1,752$1,248$879$625
29 years$3,151$2,287$1,630$1,145$794$556
30 years$3,013$2,160$1,519$1,051$717$495
31 years$2,884$2,042$1,416$965$649$440
32 years$2,763$1,932$1,321$887$587$392
33 years$2,650$1,829$1,233$816$531$349
34 years$2,544$1,734$1,152$750$481$311
35 years$2,445$1,645$1,077$691$435$278
36 years$2,351$1,561$1,008$636$395$248
37 years$2,262$1,483$943$586$358$221
38 years$2,178$1,409$883$540$324$197
39 years$2,099$1,340$828$498$294$176
40 years$2,023$1,275$776$459$267$157
41 years$1,952$1,213$727$424$242$140
42 years$1,884$1,156$682$391$220$125
43 years$1,820$1,101$640$361$199$112
44 years$1,758$1,050$601$333$181$100
45 years$1,700$1,001$564$308$164$89
46 years$1,644$955$530$284$149$79
47 years$1,591$911$498$263$135$71
48 years$1,540$870$468$243$123$63
49 years$1,492$831$440$224$112$57
50 years$1,445$793$414$207$101$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,480,000, adding $6,808 every year, while hoping to spend $24,043 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: 67/17/16 Blend
48$1,480,000$1,480,000$1,480,000$1,480,000
49$1,637,982$1,559,542$1,536,602$1,741,018
50$1,779,475$1,610,378$1,562,497$1,861,509
51$1,934,594$1,662,900$1,588,453$1,989,764
52$2,104,704$1,717,163$1,614,448$2,129,407
53$2,291,308$1,773,228$1,640,456$2,281,553
54$2,496,061$1,831,156$1,666,451$2,447,432
55$2,720,787$1,891,010$1,692,404$2,628,396
56$2,967,493$1,952,856$1,718,286$2,825,935
57$3,238,393$2,016,762$1,744,065$3,041,690
58$3,535,924$2,082,797$1,769,705$3,277,467
59$3,862,770$2,151,036$1,795,172$3,535,256
60$4,221,889$2,221,554$1,820,427$3,817,247
61$4,616,540$2,294,428$1,845,429$4,125,853
62$5,050,311$2,369,739$1,870,135$4,463,732
63$5,527,158$2,447,571$1,894,500$4,833,812
64$6,051,437$2,528,011$1,918,475$5,239,317
65$6,627,949$2,611,149$1,942,009$5,683,798
66$7,261,982$2,697,077$1,965,048$6,171,169
67$7,959,363$2,785,893$1,987,536$6,705,738
68$8,726,511$2,877,695$2,009,412$7,292,255
69$9,570,500$2,972,587$2,030,612$7,935,949
70$10,499,123$3,070,676$2,051,070$8,642,583
71$11,520,968$3,172,073$2,070,715$9,418,505
72$12,645,495$3,276,893$2,089,472$10,270,710
73$13,883,129$3,385,255$2,107,263$11,206,902
74$15,245,358$3,497,282$2,124,006$12,235,571
75$16,744,838$3,613,102$2,139,614$13,366,071
76$18,395,515$3,732,847$2,153,995$14,608,708
77$20,212,756$3,856,656$2,167,052$15,974,836
78$22,213,495$3,984,669$2,178,685$17,476,966
79$24,416,388$4,117,034$2,188,788$19,128,883
80$26,841,995$4,253,905$2,197,249$20,945,776
81$29,512,972$4,395,439$2,203,949$22,944,380
82$32,454,280$4,541,801$2,208,767$25,143,135
83$35,693,428$4,693,160$2,211,571$27,562,362
84$39,260,726$4,849,694$2,212,228$30,224,448
85$43,189,576$5,011,584$2,210,593$33,154,064
86$47,516,782$5,179,022$2,206,518$36,378,395
87$52,282,902$5,352,202$2,199,845$39,927,394
88$57,532,628$5,531,330$2,190,409$43,834,068
89$63,315,208$5,716,617$2,178,039$48,134,789
90$69,684,909$5,908,281$2,162,554$52,869,635
91$76,701,534$6,106,551$2,143,764$58,082,769
92$84,430,981$6,311,663$2,121,470$63,822,855
93$92,945,867$6,523,860$2,095,465$70,143,520
94$102,326,213$6,743,397$2,065,531$77,103,856
95$112,660,200$6,970,537$2,031,440$84,768,980
96$124,045,001$7,205,553$1,992,953$93,210,647
97$136,587,695$7,448,730$1,949,822$102,507,928
98$150,406,283$7,700,360$1,901,783$112,747,958
99$165,630,795$7,960,749$1,848,565$124,026,752
100$182,404,525$8,230,215$1,789,880$136,450,120