Can I retire at age 49 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$92,489$91,665$90,861$90,076$89,310$86,451
2 years$45,786$44,934$44,107$43,306$42,529$39,675
3 years$30,221$29,365$28,540$27,747$26,982$24,223
4 years$22,440$21,586$20,770$19,990$19,244$16,600
5 years$17,772$16,924$16,118$15,354$14,629$12,108
6 years$14,662$13,820$13,026$12,279$11,575$9,179
7 years$12,441$11,606$10,825$10,095$9,414$7,142
8 years$10,776$9,948$9,180$8,469$7,810$5,661
9 years$9,482$8,662$7,907$7,213$6,577$4,549
10 years$8,447$7,635$6,893$6,218$5,604$3,694
11 years$7,601$6,797$6,069$5,411$4,819$3,023
12 years$6,896$6,100$5,386$4,747$4,176$2,490
13 years$6,300$5,513$4,812$4,191$3,642$2,062
14 years$5,790$5,011$4,324$3,720$3,193$1,714
15 years$5,348$4,578$3,904$3,317$2,811$1,430
16 years$4,962$4,200$3,539$2,970$2,484$1,196
17 years$4,622$3,868$3,221$2,669$2,203$1,003
18 years$4,319$3,574$2,940$2,405$1,959$842
19 years$4,049$3,313$2,691$2,173$1,746$708
20 years$3,807$3,078$2,470$1,968$1,559$597
21 years$3,587$2,867$2,272$1,786$1,395$503
22 years$3,388$2,677$2,094$1,624$1,251$425
23 years$3,206$2,503$1,933$1,479$1,123$359
24 years$3,040$2,345$1,788$1,349$1,009$303
25 years$2,888$2,201$1,656$1,232$908$256
26 years$2,747$2,069$1,536$1,127$818$217
27 years$2,617$1,947$1,426$1,031$737$184
28 years$2,496$1,834$1,326$945$665$155
29 years$2,384$1,731$1,234$866$601$132
30 years$2,280$1,634$1,149$795$543$112
31 years$2,182$1,545$1,071$730$491$94
32 years$2,091$1,462$1,000$671$444$80
33 years$2,006$1,384$933$617$402$68
34 years$1,925$1,312$872$568$364$58
35 years$1,850$1,245$815$523$330$49
36 years$1,779$1,181$763$481$299$41
37 years$1,712$1,122$714$444$271$35
38 years$1,648$1,066$669$409$245$30
39 years$1,588$1,014$626$377$222$25
40 years$1,531$965$587$348$202$21
41 years$1,477$918$551$321$183$18
42 years$1,426$874$516$296$166$15
43 years$1,377$833$485$273$151$13
44 years$1,331$794$455$252$137$11
45 years$1,286$757$427$233$124$9
46 years$1,244$723$401$215$113$8
47 years$1,204$689$377$199$102$7
48 years$1,166$658$354$184$93$6
49 years$1,129$629$333$170$84$5
50 years$1,094$600$313$157$77$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,120,000, adding $5,738 every year, while hoping to spend $39,601 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: 34/48/18 Blend
48$1,120,000$1,120,000$1,120,000$1,120,000
49$1,240,159$1,180,799$1,163,439$1,275,273
50$1,324,520$1,196,523$1,160,279$1,317,297
51$1,416,158$1,211,690$1,155,686$1,358,500
52$1,515,775$1,226,231$1,149,570$1,402,097
53$1,624,140$1,240,073$1,141,837$1,448,321
54$1,742,102$1,253,136$1,132,388$1,497,432
55$1,870,594$1,265,337$1,121,120$1,549,719
56$2,010,642$1,276,586$1,107,925$1,605,501
57$2,163,376$1,286,787$1,092,689$1,665,132
58$2,330,039$1,295,839$1,075,293$1,729,005
59$2,512,002$1,303,633$1,055,614$1,797,556
60$2,710,770$1,310,055$1,033,521$1,871,266
61$2,928,002$1,314,982$1,008,877$1,950,672
62$3,165,526$1,318,283$981,542$2,036,364
63$3,425,350$1,319,820$951,365$2,128,999
64$3,709,691$1,319,446$918,191$2,229,304
65$4,020,986$1,317,005$881,856$2,338,083
66$4,361,919$1,312,331$842,191$2,456,227
67$4,735,447$1,305,248$799,017$2,584,722
68$5,144,827$1,295,569$752,148$2,724,660
69$5,593,644$1,283,096$701,389$2,877,249
70$6,085,847$1,267,620$646,537$3,043,825
71$6,625,787$1,248,917$587,380$3,225,866
72$7,218,256$1,226,752$523,696$3,425,008
73$7,868,530$1,200,875$455,252$3,643,059
74$8,582,423$1,171,021$381,806$3,882,019
75$9,366,340$1,136,911$303,106$4,144,101
76$10,227,335$1,098,247$218,888$4,431,748
77$11,173,178$1,054,716$128,876$4,747,664
78$12,212,430$1,005,986$32,782$5,094,835
79$13,354,524$951,705$0$5,476,563
80$14,609,848$891,501$0$5,909,894
81$15,989,851$824,983$0$6,393,050
82$17,507,142$751,733$0$6,924,243
83$19,175,616$671,314$0$7,508,458
84$21,010,580$583,260$0$8,151,196
85$23,028,902$487,082$0$8,858,529
86$25,249,162$382,261$0$9,637,158
87$27,691,835$268,251$0$10,494,479
88$30,379,480$144,472$0$11,438,651
89$33,336,951$10,316$0$12,478,680
90$36,591,635$0$0$13,624,503
91$40,173,708$0$0$14,958,316
92$44,116,419$0$0$16,432,611
93$48,456,404$0$0$18,055,663
94$53,234,030$0$0$19,842,595
95$58,493,780$0$0$21,810,069
96$64,284,665$0$0$23,976,447
97$70,660,692$0$0$26,361,960
98$77,681,373$0$0$28,988,903
99$85,412,281$0$0$31,881,842
100$93,925,676$0$0$35,067,847