Can I retire at age 49 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$123,043$121,947$120,878$119,834$118,815$114,599
2 years$60,912$59,778$58,678$57,612$56,578$52,376
3 years$40,205$39,065$37,969$36,913$35,896$31,839
4 years$29,853$28,717$27,632$26,594$25,601$21,721
5 years$23,644$22,515$21,443$20,426$19,462$15,768
6 years$19,505$18,385$17,329$16,335$15,399$11,895
7 years$16,551$15,440$14,401$13,430$12,524$9,208
8 years$14,336$13,235$12,213$11,266$10,390$7,260
9 years$12,614$11,523$10,519$9,596$8,750$5,802
10 years$11,237$10,157$9,171$8,272$7,455$4,684
11 years$10,111$9,042$8,074$7,199$6,412$3,812
12 years$9,174$8,116$7,165$6,315$5,556$3,121
13 years$8,381$7,334$6,402$5,575$4,845$2,568
14 years$7,703$6,667$5,752$4,949$4,247$2,122
15 years$7,115$6,090$5,193$4,413$3,740$1,759
16 years$6,601$5,588$4,708$3,952$3,305$1,461
17 years$6,148$5,146$4,284$3,551$2,930$1,217
18 years$5,746$4,755$3,911$3,200$2,606$1,015
19 years$5,387$4,407$3,580$2,891$2,322$848
20 years$5,064$4,095$3,286$2,619$2,074$710
21 years$4,772$3,815$3,022$2,377$1,856$594
22 years$4,507$3,561$2,786$2,161$1,664$498
23 years$4,266$3,330$2,572$1,968$1,494$418
24 years$4,045$3,120$2,379$1,795$1,343$351
25 years$3,841$2,928$2,203$1,639$1,208$294
26 years$3,654$2,752$2,043$1,499$1,088$247
27 years$3,481$2,590$1,897$1,372$981$208
28 years$3,321$2,441$1,764$1,257$885$175
29 years$3,172$2,302$1,641$1,153$799$147
30 years$3,033$2,174$1,529$1,058$722$123
31 years$2,903$2,055$1,425$972$653$104
32 years$2,782$1,945$1,330$893$591$87
33 years$2,668$1,842$1,242$821$535$73
34 years$2,562$1,746$1,160$755$484$62
35 years$2,461$1,656$1,085$695$438$52
36 years$2,366$1,572$1,015$640$397$44
37 years$2,277$1,493$950$590$360$37
38 years$2,193$1,418$889$544$326$31
39 years$2,113$1,349$833$502$296$26
40 years$2,037$1,283$781$463$268$22
41 years$1,965$1,222$732$427$244$18
42 years$1,897$1,163$687$394$221$16
43 years$1,832$1,108$645$364$201$13
44 years$1,770$1,057$605$336$182$11
45 years$1,711$1,008$568$310$165$9
46 years$1,655$961$534$286$150$8
47 years$1,602$917$501$265$136$7
48 years$1,551$876$471$244$124$6
49 years$1,502$836$443$226$112$5
50 years$1,455$799$416$209$102$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,490,000, adding $4,662 every year, while hoping to spend $30,470 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: 65/12/23 Blend
48$1,490,000$1,490,000$1,490,000$1,490,000
49$1,646,789$1,567,819$1,544,724$1,743,756
50$1,782,341$1,612,222$1,564,052$1,854,011
51$1,930,699$1,657,780$1,583,007$1,970,601
52$2,093,136$1,704,517$1,601,543$2,097,328
53$2,271,055$1,752,457$1,619,614$2,235,189
54$2,466,001$1,801,626$1,637,169$2,385,280
55$2,679,675$1,852,047$1,654,156$2,548,812
56$2,913,951$1,903,747$1,670,520$2,727,117
57$3,170,894$1,956,750$1,686,202$2,921,663
58$3,452,775$2,011,081$1,701,140$3,134,067
59$3,762,100$2,066,766$1,715,270$3,366,109
60$4,101,626$2,123,830$1,728,524$3,619,753
61$4,474,391$2,182,296$1,740,828$3,897,160
62$4,883,742$2,242,192$1,752,109$4,200,714
63$5,333,365$2,303,540$1,762,286$4,533,039
64$5,827,321$2,366,366$1,771,275$4,897,027
65$6,370,084$2,430,695$1,778,989$5,295,865
66$6,966,582$2,496,549$1,785,335$5,733,066
67$7,622,247$2,563,952$1,790,217$6,212,497
68$8,343,058$2,632,929$1,793,531$6,738,423
69$9,135,608$2,703,500$1,795,173$7,315,543
70$10,007,157$2,775,688$1,795,028$7,949,033
71$10,965,705$2,849,515$1,792,979$8,644,599
72$12,020,066$2,925,001$1,788,903$9,408,528
73$13,179,952$3,002,164$1,782,670$10,247,747
74$14,456,061$3,081,025$1,774,144$11,169,891
75$15,860,185$3,161,600$1,763,183$12,183,374
76$17,405,311$3,243,906$1,749,638$13,297,466
77$19,105,753$3,327,958$1,733,351$14,522,384
78$20,977,281$3,413,769$1,714,159$15,869,388
79$23,037,271$3,501,351$1,691,890$17,350,884
80$25,304,869$3,590,714$1,666,366$18,980,547
81$27,801,174$3,681,867$1,637,397$20,773,445
82$30,549,430$3,774,815$1,604,786$22,746,183
83$33,575,253$3,869,562$1,568,328$24,917,061
84$36,906,869$3,966,110$1,527,806$27,306,246
85$40,575,378$4,064,458$1,482,996$29,935,961
86$44,615,051$4,164,601$1,433,661$32,830,699
87$49,063,651$4,266,532$1,379,554$36,017,450
88$53,962,792$4,370,240$1,320,417$39,525,960
89$59,358,327$4,475,712$1,255,981$43,389,006
90$65,300,782$4,582,928$1,185,963$47,642,713
91$71,845,838$4,691,867$1,110,068$52,326,891
92$79,054,847$4,802,502$1,027,989$57,485,411
93$86,995,418$4,914,801$939,403$63,166,621
94$95,742,052$5,028,728$843,975$69,423,802
95$105,376,845$5,144,240$741,352$76,315,670
96$115,990,264$5,261,288$631,168$83,906,935
97$127,681,998$5,379,819$513,040$92,268,905
98$140,561,903$5,499,771$386,567$101,480,167
99$154,751,032$5,621,075$251,332$111,627,326
100$170,382,785$5,743,655$106,899$122,805,821