Can I retire at age 49 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$89,185$88,391$87,616$86,859$86,121$85,363
2 years$44,151$43,329$42,532$41,759$41,010$40,247
3 years$29,142$28,316$27,521$26,756$26,018$25,273
4 years$21,638$20,815$20,028$19,276$18,557$17,835
5 years$17,138$16,319$15,543$14,806$14,106$13,410
6 years$14,138$13,326$12,561$11,840$11,162$10,492
7 years$11,997$11,191$10,438$9,735$9,078$8,435
8 years$10,391$9,593$8,852$8,166$7,531$6,915
9 years$9,143$8,352$7,625$6,956$6,342$5,753
10 years$8,145$7,362$6,647$5,996$5,404$4,841
11 years$7,329$6,554$5,852$5,218$4,647$4,110
12 years$6,650$5,883$5,194$4,577$4,027$3,516
13 years$6,075$5,316$4,640$4,041$3,512$3,025
14 years$5,583$4,832$4,169$3,587$3,078$2,616
15 years$5,157$4,414$3,764$3,199$2,711$2,271
16 years$4,785$4,050$3,413$2,864$2,396$1,979
17 years$4,457$3,730$3,106$2,574$2,124$1,730
18 years$4,165$3,447$2,835$2,319$1,889$1,516
19 years$3,905$3,194$2,595$2,096$1,683$1,331
20 years$3,671$2,968$2,382$1,898$1,504$1,171
21 years$3,459$2,765$2,191$1,723$1,346$1,032
22 years$3,267$2,581$2,019$1,566$1,206$911
23 years$3,092$2,414$1,864$1,426$1,083$805
24 years$2,932$2,262$1,724$1,301$973$712
25 years$2,784$2,122$1,597$1,188$876$630
26 years$2,649$1,995$1,481$1,086$789$559
27 years$2,523$1,877$1,375$994$711$496
28 years$2,407$1,769$1,279$911$642$440
29 years$2,299$1,669$1,190$835$579$390
30 years$2,198$1,576$1,108$767$524$347
31 years$2,104$1,490$1,033$704$473$308
32 years$2,017$1,410$964$647$428$274
33 years$1,934$1,335$900$595$387$244
34 years$1,857$1,265$841$548$351$217
35 years$1,784$1,200$786$504$318$193
36 years$1,715$1,139$736$464$288$172
37 years$1,651$1,082$688$428$261$153
38 years$1,589$1,028$645$394$237$136
39 years$1,531$978$604$364$215$121
40 years$1,477$930$566$335$195$108
41 years$1,424$885$531$309$177$96
42 years$1,375$843$498$285$160$86
43 years$1,328$803$467$264$145$77
44 years$1,283$766$439$243$132$68
45 years$1,241$730$412$225$120$61
46 years$1,200$697$387$208$109$54
47 years$1,161$665$363$192$99$48
48 years$1,124$635$341$177$90$43
49 years$1,088$606$321$164$81$38
50 years$1,054$579$302$151$74$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,080,000, adding $4,090 every year, while hoping to spend $33,279 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: 41/37/22 Blend
48$1,080,000$1,080,000$1,080,000$1,080,000
49$1,194,379$1,137,139$1,120,399$1,235,463
50$1,280,797$1,157,450$1,122,524$1,285,543
51$1,374,914$1,177,641$1,123,604$1,336,224
52$1,477,481$1,197,671$1,123,570$1,390,410
53$1,589,323$1,217,496$1,122,349$1,448,439
54$1,711,348$1,237,068$1,119,862$1,510,686
55$1,844,558$1,256,336$1,116,030$1,577,565
56$1,990,052$1,275,246$1,110,766$1,649,533
57$2,149,044$1,293,739$1,103,983$1,727,094
58$2,322,866$1,311,752$1,095,586$1,810,806
59$2,512,989$1,329,219$1,085,479$1,901,285
60$2,721,031$1,346,067$1,073,559$1,999,211
61$2,948,771$1,362,220$1,059,718$2,105,333
62$3,198,172$1,377,595$1,043,846$2,220,482
63$3,471,394$1,392,105$1,025,823$2,345,572
64$3,770,815$1,405,657$1,005,527$2,481,614
65$4,099,055$1,418,152$982,829$2,629,724
66$4,459,000$1,429,482$957,595$2,791,134
67$4,853,827$1,439,536$929,683$2,967,204
68$5,287,037$1,448,192$898,947$3,159,435
69$5,762,484$1,455,324$865,232$3,369,485
70$6,284,417$1,460,794$828,376$3,599,184
71$6,857,513$1,464,459$788,212$3,850,550
72$7,486,926$1,466,163$744,564$4,125,812
73$8,178,332$1,465,745$697,246$4,427,431
74$8,937,985$1,463,029$646,067$4,758,120
75$9,772,775$1,457,833$590,826$5,120,876
76$10,690,291$1,449,961$531,312$5,519,004
77$11,698,896$1,439,204$467,306$5,956,152
78$12,807,802$1,425,343$398,579$6,436,345
79$14,027,158$1,408,146$324,892$6,964,025
80$15,368,147$1,387,364$245,995$7,544,090
81$16,843,089$1,362,735$161,626$8,181,946
82$18,465,558$1,333,983$71,514$8,883,558
83$20,250,509$1,300,812$0$9,655,503
84$22,214,421$1,262,912$0$10,510,826
85$24,375,451$1,219,954$0$11,470,037
86$26,753,603$1,171,588$0$12,525,233
87$29,370,921$1,117,445$0$13,686,230
88$32,251,690$1,057,136$0$14,963,849
89$35,422,674$990,247$0$16,370,021
90$38,913,360$916,342$0$17,917,900
91$42,756,239$834,959$0$19,621,985
92$46,987,114$745,611$0$21,498,263
93$51,645,434$647,781$0$23,564,358
94$56,774,671$540,925$0$25,839,699
95$62,422,724$424,467$0$28,345,702
96$68,642,376$297,799$0$31,105,981
97$75,491,787$160,280$0$34,146,563
98$83,035,045$11,230$0$37,496,141
99$91,342,774$0$0$41,186,344
100$100,492,794$0$0$45,313,139