Can I retire at age 49 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$88,360$87,573$86,805$86,055$85,323$84,257
2 years$43,742$42,928$42,138$41,373$40,630$39,557
3 years$28,872$28,054$27,266$26,508$25,777$24,731
4 years$21,438$20,622$19,843$19,097$18,385$17,373
5 years$16,979$16,168$15,399$14,669$13,976$13,002
6 years$14,007$13,203$12,445$11,731$11,059$10,124
7 years$11,885$11,088$10,341$9,644$8,994$8,098
8 years$10,295$9,504$8,770$8,090$7,461$6,605
9 years$9,058$8,275$7,554$6,891$6,283$5,466
10 years$8,070$7,294$6,586$5,940$5,354$4,574
11 years$7,261$6,493$5,798$5,170$4,604$3,862
12 years$6,588$5,828$5,146$4,535$3,990$3,285
13 years$6,019$5,267$4,597$4,003$3,479$2,810
14 years$5,531$4,788$4,131$3,554$3,050$2,415
15 years$5,109$4,373$3,729$3,169$2,685$2,085
16 years$4,741$4,013$3,381$2,838$2,373$1,805
17 years$4,415$3,695$3,077$2,550$2,104$1,568
18 years$4,127$3,415$2,809$2,298$1,871$1,365
19 years$3,869$3,165$2,571$2,076$1,668$1,191
20 years$3,637$2,941$2,360$1,880$1,490$1,041
21 years$3,427$2,739$2,171$1,707$1,333$911
22 years$3,237$2,557$2,000$1,552$1,195$799
23 years$3,063$2,392$1,847$1,413$1,073$701
24 years$2,904$2,241$1,708$1,289$964$616
25 years$2,759$2,103$1,582$1,177$868$541
26 years$2,624$1,976$1,467$1,076$781$476
27 years$2,500$1,860$1,363$985$705$420
28 years$2,385$1,753$1,267$903$636$370
29 years$2,278$1,653$1,179$828$574$326
30 years$2,178$1,561$1,098$760$519$287
31 years$2,085$1,476$1,024$698$469$254
32 years$1,998$1,397$955$641$424$224
33 years$1,916$1,323$892$590$384$198
34 years$1,840$1,254$833$543$348$174
35 years$1,767$1,189$779$499$315$154
36 years$1,699$1,129$729$460$285$136
37 years$1,635$1,072$682$424$259$120
38 years$1,575$1,019$639$391$234$106
39 years$1,517$969$598$360$213$94
40 years$1,463$922$561$332$193$83
41 years$1,411$877$526$306$175$73
42 years$1,362$835$493$283$159$65
43 years$1,316$796$463$261$144$57
44 years$1,271$759$435$241$131$51
45 years$1,229$724$408$223$119$45
46 years$1,189$690$383$206$108$40
47 years$1,150$659$360$190$98$35
48 years$1,113$629$338$176$89$31
49 years$1,078$600$318$162$81$28
50 years$1,045$574$299$150$73$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,070,000, adding $5,497 every year, while hoping to spend $26,895 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: 45/31/24 Blend
48$1,070,000$1,070,000$1,070,000$1,070,000
49$1,184,810$1,128,100$1,111,515$1,229,702
50$1,277,045$1,154,761$1,120,135$1,288,620
51$1,377,786$1,181,827$1,128,142$1,349,427
52$1,487,873$1,209,289$1,135,487$1,414,836
53$1,608,229$1,237,138$1,142,120$1,485,288
54$1,739,873$1,265,362$1,147,985$1,561,272
55$1,883,924$1,293,949$1,153,027$1,643,324
56$2,041,615$1,322,883$1,157,184$1,732,036
57$2,214,306$1,352,150$1,160,395$1,828,062
58$2,403,490$1,381,731$1,162,594$1,932,121
59$2,610,817$1,411,606$1,163,711$2,045,006
60$2,838,099$1,441,753$1,163,674$2,167,592
61$3,087,334$1,472,149$1,162,407$2,300,843
62$3,360,724$1,502,766$1,159,829$2,445,822
63$3,660,692$1,533,575$1,155,857$2,603,700
64$3,989,907$1,564,545$1,150,403$2,775,769
65$4,351,310$1,595,641$1,143,375$2,963,454
66$4,748,142$1,626,825$1,134,676$3,168,325
67$5,183,970$1,658,057$1,124,205$3,392,113
68$5,662,725$1,689,291$1,111,855$3,636,728
69$6,188,737$1,720,481$1,097,517$3,904,273
70$6,766,779$1,751,575$1,081,074$4,197,068
71$7,402,104$1,782,516$1,062,404$4,517,672
72$8,100,503$1,813,244$1,041,379$4,868,906
73$8,868,356$1,843,694$1,017,867$5,253,877
74$9,712,690$1,873,797$991,727$5,676,015
75$10,641,249$1,903,478$962,814$6,139,099
76$11,662,563$1,932,655$930,976$6,647,295
77$12,786,033$1,961,243$896,051$7,205,197
78$14,022,014$1,989,150$857,875$7,817,870
79$15,381,916$2,016,276$816,271$8,490,896
80$16,878,314$2,042,515$771,058$9,230,430
81$18,525,058$2,067,754$722,044$10,043,259
82$20,337,412$2,091,873$669,032$10,936,862
83$22,332,195$2,114,741$611,811$11,919,487
84$24,527,937$2,136,222$550,165$13,000,223
85$26,945,057$2,156,167$483,866$14,189,094
86$29,606,055$2,174,421$412,677$15,497,145
87$32,535,721$2,190,817$336,351$16,936,557
88$35,761,374$2,205,176$254,628$18,520,753
89$39,313,114$2,217,309$167,237$20,264,533
90$43,224,110$2,227,016$73,898$22,184,209
91$47,530,911$2,234,081$0$24,297,764
92$52,273,791$2,238,278$0$26,631,604
93$57,497,128$2,239,364$0$29,221,617
94$63,249,825$2,237,083$0$32,073,026
95$69,585,769$2,231,162$0$35,212,464
96$76,564,340$2,221,312$0$38,669,282
97$84,250,971$2,207,224$0$42,475,830
98$92,717,766$2,188,574$0$46,667,756
99$102,044,180$2,165,016$0$51,284,349
100$112,317,767$2,136,183$0$56,368,908