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%16.4%
1 years$123,043$121,947$120,878$119,834$118,815$115,708
2 years$60,912$59,778$58,678$57,612$56,578$53,469
3 years$40,205$39,065$37,969$36,913$35,896$32,882
4 years$29,853$28,717$27,632$26,594$25,601$22,706
5 years$23,644$22,515$21,443$20,426$19,462$16,692
6 years$19,505$18,385$17,329$16,335$15,399$12,759
7 years$16,551$15,440$14,401$13,430$12,524$10,013
8 years$14,336$13,235$12,213$11,266$10,390$8,007
9 years$12,614$11,523$10,519$9,596$8,750$6,493
10 years$11,237$10,157$9,171$8,272$7,455$5,321
11 years$10,111$9,042$8,074$7,199$6,412$4,398
12 years$9,174$8,116$7,165$6,315$5,556$3,659
13 years$8,381$7,334$6,402$5,575$4,845$3,060
14 years$7,703$6,667$5,752$4,949$4,247$2,571
15 years$7,115$6,090$5,193$4,413$3,740$2,167
16 years$6,601$5,588$4,708$3,952$3,305$1,832
17 years$6,148$5,146$4,284$3,551$2,930$1,553
18 years$5,746$4,755$3,911$3,200$2,606$1,319
19 years$5,387$4,407$3,580$2,891$2,322$1,122
20 years$5,064$4,095$3,286$2,619$2,074$956
21 years$4,772$3,815$3,022$2,377$1,856$816
22 years$4,507$3,561$2,786$2,161$1,664$696
23 years$4,266$3,330$2,572$1,968$1,494$595
24 years$4,045$3,120$2,379$1,795$1,343$509
25 years$3,841$2,928$2,203$1,639$1,208$436
26 years$3,654$2,752$2,043$1,499$1,088$373
27 years$3,481$2,590$1,897$1,372$981$320
28 years$3,321$2,441$1,764$1,257$885$274
29 years$3,172$2,302$1,641$1,153$799$235
30 years$3,033$2,174$1,529$1,058$722$201
31 years$2,903$2,055$1,425$972$653$173
32 years$2,782$1,945$1,330$893$591$148
33 years$2,668$1,842$1,242$821$535$127
34 years$2,562$1,746$1,160$755$484$109
35 years$2,461$1,656$1,085$695$438$94
36 years$2,366$1,572$1,015$640$397$80
37 years$2,277$1,493$950$590$360$69
38 years$2,193$1,418$889$544$326$59
39 years$2,113$1,349$833$502$296$51
40 years$2,037$1,283$781$463$268$44
41 years$1,965$1,222$732$427$244$38
42 years$1,897$1,163$687$394$221$32
43 years$1,832$1,108$645$364$201$28
44 years$1,770$1,057$605$336$182$24
45 years$1,711$1,008$568$310$165$20
46 years$1,655$961$534$286$150$18
47 years$1,602$917$501$265$136$15
48 years$1,551$876$471$244$124$13
49 years$1,502$836$443$226$112$11
50 years$1,455$799$416$209$102$10

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 $6,475 every year, while hoping to spend $54,117 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: 69/22/9 Blend
48$1,490,000$1,490,000$1,490,000$1,490,000
49$1,648,659$1,569,689$1,546,594$1,759,154
50$1,759,242$1,589,024$1,540,825$1,852,574
51$1,879,291$1,607,492$1,533,049$1,947,548
52$2,009,714$1,624,994$1,523,141$2,049,994
53$2,151,510$1,641,424$1,510,972$2,160,636
54$2,305,779$1,656,669$1,496,404$2,280,269
55$2,473,730$1,670,607$1,479,295$2,409,774
56$2,656,694$1,683,110$1,459,495$2,550,118
57$2,856,135$1,694,042$1,436,847$2,702,369
58$3,073,666$1,703,255$1,411,186$2,867,705
59$3,311,061$1,710,595$1,382,341$3,047,421
60$3,570,272$1,715,897$1,350,133$3,242,950
61$3,853,449$1,718,985$1,314,372$3,455,867
62$4,162,959$1,719,674$1,274,861$3,687,911
63$4,501,408$1,717,765$1,231,396$3,940,998
64$4,871,664$1,713,048$1,183,760$4,217,242
65$5,276,886$1,705,299$1,131,729$4,518,973
66$5,720,552$1,694,283$1,075,066$4,848,759
67$6,206,494$1,679,748$1,013,526$5,209,431
68$6,738,928$1,661,428$946,851$5,604,112
69$7,322,501$1,639,040$874,773$6,036,246
70$7,962,329$1,612,286$797,010$6,509,626
71$8,664,047$1,580,848$713,270$7,028,437
72$9,433,861$1,544,391$623,246$7,597,294
73$10,278,608$1,502,559$526,617$8,221,283
74$11,205,817$1,454,976$423,050$8,906,011
75$12,223,783$1,401,243$312,196$9,657,662
76$13,341,644$1,340,938$193,689$10,483,053
77$14,569,464$1,273,617$67,150$11,389,698
78$15,918,332$1,198,806$0$12,385,884
79$17,400,461$1,116,008$0$13,487,264
80$19,029,310$1,024,693$0$14,704,695
81$20,819,702$924,305$0$16,042,865
82$22,787,970$814,255$0$17,514,057
83$24,952,108$693,919$0$19,131,810
84$27,331,941$562,638$0$20,911,046
85$29,949,310$419,719$0$22,868,212
86$32,828,281$264,426$0$25,021,438
87$35,995,367$95,985$0$27,390,705
88$39,479,782$0$0$29,998,037
89$43,313,713$0$0$32,888,633
90$47,532,625$0$0$36,095,152
91$52,175,595$0$0$39,624,071
92$57,285,680$0$0$43,508,127
93$62,910,320$0$0$47,783,392
94$69,101,791$0$0$52,489,614
95$75,917,693$0$0$57,670,588
96$83,421,493$0$0$63,374,573
97$91,683,127$0$0$69,654,744
98$100,779,656$0$0$76,569,696
99$110,795,994$0$0$84,183,993
100$121,825,708$0$0$92,568,781