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%12.2%
1 years$122,217$121,128$120,066$119,030$118,017$116,931
2 years$60,503$59,377$58,285$57,226$56,199$55,104
3 years$39,935$38,803$37,714$36,665$35,655$34,586
4 years$29,653$28,525$27,446$26,415$25,429$24,394
5 years$23,485$22,364$21,299$20,289$19,331$18,333
6 years$19,375$18,262$17,213$16,226$15,296$14,336
7 years$16,440$15,336$14,304$13,340$12,440$11,519
8 years$14,239$13,146$12,131$11,191$10,320$9,438
9 years$12,529$11,446$10,448$9,532$8,691$7,847
10 years$11,162$10,089$9,109$8,217$7,405$6,599
11 years$10,044$8,982$8,020$7,151$6,369$5,600
12 years$9,112$8,061$7,117$6,272$5,519$4,787
13 years$8,325$7,285$6,359$5,537$4,813$4,116
14 years$7,651$6,622$5,713$4,916$4,219$3,557
15 years$7,067$6,049$5,158$4,384$3,714$3,086
16 years$6,557$5,550$4,677$3,925$3,283$2,688
17 years$6,107$5,111$4,256$3,527$2,911$2,347
18 years$5,708$4,723$3,885$3,178$2,588$2,055
19 years$5,351$4,377$3,556$2,872$2,307$1,804
20 years$5,030$4,068$3,264$2,601$2,061$1,586
21 years$4,740$3,789$3,002$2,361$1,844$1,396
22 years$4,477$3,537$2,767$2,146$1,653$1,231
23 years$4,237$3,308$2,555$1,955$1,484$1,087
24 years$4,017$3,099$2,363$1,783$1,334$961
25 years$3,816$2,909$2,188$1,628$1,200$850
26 years$3,630$2,734$2,030$1,489$1,081$753
27 years$3,458$2,573$1,885$1,363$975$667
28 years$3,299$2,424$1,752$1,248$879$592
29 years$3,151$2,287$1,630$1,145$794$525
30 years$3,013$2,160$1,519$1,051$717$466
31 years$2,884$2,042$1,416$965$649$414
32 years$2,763$1,932$1,321$887$587$368
33 years$2,650$1,829$1,233$816$531$327
34 years$2,544$1,734$1,152$750$481$291
35 years$2,445$1,645$1,077$691$435$258
36 years$2,351$1,561$1,008$636$395$230
37 years$2,262$1,483$943$586$358$205
38 years$2,178$1,409$883$540$324$182
39 years$2,099$1,340$828$498$294$162
40 years$2,023$1,275$776$459$267$144
41 years$1,952$1,213$727$424$242$128
42 years$1,884$1,156$682$391$220$114
43 years$1,820$1,101$640$361$199$102
44 years$1,758$1,050$601$333$181$91
45 years$1,700$1,001$564$308$164$81
46 years$1,644$955$530$284$149$72
47 years$1,591$911$498$263$135$64
48 years$1,540$870$468$243$123$57
49 years$1,492$831$440$224$112$51
50 years$1,445$793$414$207$101$45

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 $6,566 every year, while hoping to spend $23,326 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: 42/50/8 Blend
48$1,480,000$1,480,000$1,480,000$1,480,000
49$1,637,733$1,559,293$1,536,353$1,702,409
50$1,779,963$1,610,879$1,563,002$1,799,711
51$1,935,919$1,664,212$1,589,762$1,902,134
52$2,106,975$1,719,352$1,616,612$2,012,503
53$2,294,648$1,776,361$1,643,530$2,131,551
54$2,500,606$1,835,306$1,670,492$2,260,082
55$2,726,686$1,896,254$1,697,471$2,398,981
56$2,974,913$1,959,276$1,724,442$2,549,219
57$3,247,518$2,024,444$1,751,374$2,711,865
58$3,546,957$2,091,834$1,778,238$2,888,092
59$3,875,937$2,161,525$1,804,999$3,079,193
60$4,237,439$2,233,596$1,831,623$3,286,586
61$4,634,749$2,308,133$1,858,073$3,511,833
62$5,071,484$2,385,223$1,884,310$3,756,651
63$5,551,632$2,464,955$1,910,291$4,022,930
64$6,079,586$2,547,425$1,935,973$4,312,749
65$6,660,183$2,632,729$1,961,308$4,628,394
66$7,298,757$2,720,968$1,986,247$4,972,382
67$8,001,181$2,812,246$2,010,737$5,347,482
68$8,773,928$2,906,673$2,034,723$5,756,743
69$9,624,129$3,004,360$2,058,146$6,203,519
70$10,559,641$3,105,424$2,080,945$6,691,503
71$11,589,122$3,209,987$2,103,054$7,224,761
72$12,722,110$3,318,174$2,124,404$7,807,768
73$13,969,116$3,430,116$2,144,923$8,445,450
74$15,341,721$3,545,947$2,164,533$9,143,233
75$16,852,687$3,665,808$2,183,155$9,907,091
76$18,516,073$3,789,845$2,200,703$10,743,599
77$20,347,374$3,918,209$2,217,088$11,660,003
78$22,363,661$4,051,056$2,232,215$12,664,277
79$24,583,746$4,188,550$2,245,986$13,765,206
80$27,028,359$4,330,859$2,258,297$14,972,464
81$29,720,340$4,478,159$2,269,038$16,296,706
82$32,684,857$4,630,633$2,278,094$17,749,667
83$35,949,647$4,788,468$2,285,345$19,344,274
84$39,545,270$4,951,861$2,290,662$21,094,764
85$43,505,402$5,121,017$2,293,914$23,016,820
86$47,867,152$5,296,146$2,294,960$25,127,716
87$52,671,414$5,477,469$2,293,653$27,446,484
88$57,963,247$5,665,214$2,289,839$29,994,085
89$63,792,307$5,859,619$2,283,357$32,793,614
90$70,213,310$6,060,928$2,274,038$35,870,511
91$77,286,552$6,269,398$2,261,703$39,252,803
92$85,078,478$6,485,295$2,246,167$42,971,366
93$93,662,303$6,708,896$2,227,234$47,060,218
94$103,118,712$6,940,485$2,204,700$51,556,836
95$113,536,614$7,180,363$2,178,351$56,502,510
96$125,013,986$7,428,838$2,147,964$61,942,730
97$137,658,794$7,686,233$2,113,302$67,927,619
98$151,590,014$7,952,881$2,074,121$74,512,397
99$166,938,755$8,229,131$2,030,162$81,757,909
100$183,849,493$8,515,344$1,981,158$89,731,193