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%16.8%
1 years$122,217$121,128$120,066$119,030$118,017$114,746
2 years$60,503$59,377$58,285$57,226$56,199$52,927
3 years$39,935$38,803$37,714$36,665$35,655$32,485
4 years$29,653$28,525$27,446$26,415$25,429$22,387
5 years$23,485$22,364$21,299$20,289$19,331$16,423
6 years$19,375$18,262$17,213$16,226$15,296$12,526
7 years$16,440$15,336$14,304$13,340$12,440$9,808
8 years$14,239$13,146$12,131$11,191$10,320$7,824
9 years$12,529$11,446$10,448$9,532$8,691$6,329
10 years$11,162$10,089$9,109$8,217$7,405$5,175
11 years$10,044$8,982$8,020$7,151$6,369$4,266
12 years$9,112$8,061$7,117$6,272$5,519$3,539
13 years$8,325$7,285$6,359$5,537$4,813$2,952
14 years$7,651$6,622$5,713$4,916$4,219$2,473
15 years$7,067$6,049$5,158$4,384$3,714$2,079
16 years$6,557$5,550$4,677$3,925$3,283$1,753
17 years$6,107$5,111$4,256$3,527$2,911$1,481
18 years$5,708$4,723$3,885$3,178$2,588$1,254
19 years$5,351$4,377$3,556$2,872$2,307$1,064
20 years$5,030$4,068$3,264$2,601$2,061$904
21 years$4,740$3,789$3,002$2,361$1,844$769
22 years$4,477$3,537$2,767$2,146$1,653$654
23 years$4,237$3,308$2,555$1,955$1,484$557
24 years$4,017$3,099$2,363$1,783$1,334$475
25 years$3,816$2,909$2,188$1,628$1,200$406
26 years$3,630$2,734$2,030$1,489$1,081$346
27 years$3,458$2,573$1,885$1,363$975$296
28 years$3,299$2,424$1,752$1,248$879$253
29 years$3,151$2,287$1,630$1,145$794$216
30 years$3,013$2,160$1,519$1,051$717$184
31 years$2,884$2,042$1,416$965$649$158
32 years$2,763$1,932$1,321$887$587$135
33 years$2,650$1,829$1,233$816$531$115
34 years$2,544$1,734$1,152$750$481$99
35 years$2,445$1,645$1,077$691$435$84
36 years$2,351$1,561$1,008$636$395$72
37 years$2,262$1,483$943$586$358$62
38 years$2,178$1,409$883$540$324$53
39 years$2,099$1,340$828$498$294$45
40 years$2,023$1,275$776$459$267$39
41 years$1,952$1,213$727$424$242$33
42 years$1,884$1,156$682$391$220$28
43 years$1,820$1,101$640$361$199$24
44 years$1,758$1,050$601$333$181$21
45 years$1,700$1,001$564$308$164$18
46 years$1,644$955$530$284$149$15
47 years$1,591$911$498$263$135$13
48 years$1,540$870$468$243$123$11
49 years$1,492$831$440$224$112$10
50 years$1,445$793$414$207$101$8

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 $3,845 every year, while hoping to spend $36,215 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: 43/28/29 Blend
48$1,480,000$1,480,000$1,480,000$1,480,000
49$1,634,926$1,556,486$1,533,546$1,691,257
50$1,763,156$1,594,221$1,546,387$1,769,812
51$1,903,252$1,632,592$1,558,445$1,851,164
52$2,056,385$1,671,591$1,569,655$1,938,626
53$2,223,847$1,711,209$1,579,949$2,032,789
54$2,407,057$1,751,436$1,589,255$2,134,299
55$2,607,581$1,792,261$1,597,499$2,243,874
56$2,827,141$1,833,668$1,604,602$2,362,301
57$3,067,634$1,875,643$1,610,481$2,490,450
58$3,331,150$1,918,166$1,615,049$2,629,280
59$3,619,988$1,961,217$1,618,214$2,779,847
60$3,936,683$2,004,773$1,619,880$2,943,317
61$4,284,026$2,048,809$1,619,948$3,120,975
62$4,665,091$2,093,294$1,618,310$3,314,236
63$5,083,263$2,138,199$1,614,857$3,524,664
64$5,542,273$2,183,487$1,609,471$3,753,981
65$6,046,227$2,229,121$1,602,031$4,004,084
66$6,599,653$2,275,058$1,592,409$4,277,069
67$7,207,534$2,321,252$1,580,471$4,575,244
68$7,875,362$2,367,653$1,566,077$4,901,155
69$8,609,188$2,414,207$1,549,079$5,257,607
70$9,415,676$2,460,854$1,529,324$5,647,697
71$10,302,168$2,507,530$1,506,650$6,074,836
72$11,276,755$2,554,164$1,480,889$6,542,787
73$12,348,349$2,600,683$1,451,863$7,055,698
74$13,526,768$2,647,004$1,419,388$7,618,142
75$14,822,830$2,693,039$1,383,270$8,235,163
76$16,248,456$2,738,695$1,343,306$8,912,319
77$17,816,777$2,783,869$1,299,285$9,655,742
78$19,542,262$2,828,453$1,250,985$10,472,188
79$21,440,854$2,872,328$1,198,175$11,369,108
80$23,530,119$2,915,370$1,140,611$12,354,718
81$25,829,411$2,957,444$1,078,042$13,438,073
82$28,360,057$2,998,404$1,010,202$14,629,156
83$31,145,554$3,038,097$936,815$15,938,976
84$34,211,794$3,076,357$857,592$17,379,665
85$37,587,306$3,113,008$772,230$18,964,601
86$41,303,527$3,147,861$680,416$20,708,530
87$45,395,095$3,180,715$581,818$22,627,708
88$49,900,180$3,211,354$476,094$24,740,057
89$54,860,838$3,239,551$362,883$27,065,331
90$60,323,416$3,265,061$241,811$29,625,307
91$66,338,979$3,287,624$112,487$32,443,992
92$72,963,801$3,306,964$0$35,547,845
93$80,259,890$3,322,786$0$38,973,936
94$88,295,574$3,334,777$0$42,784,177
95$97,146,146$3,342,605$0$46,979,304
96$106,894,577$3,345,916$0$51,598,529
97$117,632,292$3,344,335$0$56,685,063
98$129,460,040$3,337,461$0$62,286,529
99$142,488,840$3,324,873$0$68,455,408
100$156,841,029$3,306,119$0$75,249,539