Can I retire at age 49 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$94,140$93,302$92,483$91,685$90,905$88,600
2 years$46,604$45,736$44,895$44,079$43,288$40,980
3 years$30,761$29,889$29,050$28,242$27,464$25,226
4 years$22,841$21,972$21,141$20,347$19,587$17,437
5 years$18,090$17,226$16,406$15,628$14,890$12,832
6 years$14,924$14,066$13,259$12,498$11,782$9,819
7 years$12,663$11,813$11,018$10,275$9,582$7,715
8 years$10,968$10,126$9,344$8,620$7,949$6,176
9 years$9,651$8,816$8,048$7,342$6,694$5,014
10 years$8,597$7,771$7,017$6,329$5,704$4,115
11 years$7,736$6,918$6,177$5,508$4,906$3,405
12 years$7,019$6,209$5,482$4,831$4,251$2,837
13 years$6,413$5,612$4,898$4,265$3,707$2,376
14 years$5,893$5,101$4,401$3,786$3,250$1,998
15 years$5,444$4,660$3,973$3,377$2,861$1,687
16 years$5,051$4,275$3,602$3,023$2,529$1,428
17 years$4,704$3,937$3,278$2,717$2,242$1,212
18 years$4,397$3,638$2,992$2,448$1,994$1,031
19 years$4,122$3,372$2,739$2,212$1,777$879
20 years$3,874$3,133$2,514$2,004$1,587$750
21 years$3,651$2,918$2,313$1,818$1,420$641
22 years$3,448$2,724$2,131$1,653$1,273$548
23 years$3,264$2,548$1,968$1,506$1,143$469
24 years$3,094$2,387$1,820$1,373$1,027$402
25 years$2,939$2,240$1,686$1,254$924$344
26 years$2,796$2,106$1,563$1,147$833$295
27 years$2,664$1,982$1,452$1,050$751$254
28 years$2,541$1,867$1,350$962$677$218
29 years$2,427$1,762$1,256$882$612$187
30 years$2,321$1,664$1,170$809$553$161
31 years$2,221$1,573$1,091$743$500$138
32 years$2,129$1,488$1,018$683$452$119
33 years$2,042$1,409$950$628$409$102
34 years$1,960$1,336$888$578$370$88
35 years$1,883$1,267$830$532$335$75
36 years$1,811$1,202$776$490$304$65
37 years$1,742$1,142$727$451$275$56
38 years$1,678$1,085$681$416$250$48
39 years$1,616$1,032$638$384$226$41
40 years$1,559$982$598$354$205$35
41 years$1,504$935$560$327$186$31
42 years$1,451$890$526$301$169$26
43 years$1,402$848$493$278$153$23
44 years$1,354$808$463$257$139$19
45 years$1,309$771$435$237$126$17
46 years$1,267$735$408$219$115$14
47 years$1,226$702$384$202$104$12
48 years$1,186$670$360$187$95$11
49 years$1,149$640$339$173$86$9
50 years$1,113$611$319$160$78$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,140,000, adding $3,444 every year, while hoping to spend $24,167 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: 79/5/16 Blend
48$1,140,000$1,140,000$1,140,000$1,140,000
49$1,259,832$1,199,412$1,181,742$1,354,793
50$1,362,622$1,232,470$1,195,617$1,450,895
51$1,475,086$1,266,338$1,209,147$1,552,889
52$1,598,186$1,301,029$1,222,295$1,664,124
53$1,732,980$1,336,559$1,235,021$1,785,518
54$1,880,634$1,372,941$1,247,284$1,918,077
55$2,042,432$1,410,188$1,259,041$2,062,914
56$2,219,788$1,448,315$1,270,247$2,221,252
57$2,414,258$1,487,334$1,280,852$2,394,441
58$2,627,557$1,527,259$1,290,806$2,583,964
59$2,861,576$1,568,102$1,300,055$2,791,459
60$3,118,393$1,609,876$1,308,544$3,018,729
61$3,400,301$1,652,592$1,316,212$3,267,759
62$3,709,825$1,696,262$1,322,998$3,540,737
63$4,049,745$1,740,896$1,328,836$3,840,075
64$4,423,124$1,786,505$1,333,658$4,168,428
65$4,833,338$1,833,099$1,337,390$4,528,723
66$5,284,104$1,880,686$1,339,958$4,924,186
67$5,779,517$1,929,275$1,341,282$5,358,368
68$6,324,091$1,978,872$1,341,277$5,835,185
69$6,922,795$2,029,484$1,339,857$6,358,949
70$7,581,107$2,081,116$1,336,930$6,934,416
71$8,305,061$2,133,771$1,332,398$7,566,821
72$9,101,305$2,187,454$1,326,160$8,261,936
73$9,977,163$2,242,164$1,318,112$9,026,121
74$10,940,705$2,297,902$1,308,140$9,866,383
75$12,000,824$2,354,666$1,296,130$10,790,443
76$13,167,316$2,412,452$1,281,958$11,806,811
77$14,450,977$2,471,256$1,265,498$12,924,862
78$15,863,699$2,531,071$1,246,615$14,154,930
79$17,418,589$2,591,886$1,225,169$15,508,400
80$19,130,086$2,653,689$1,201,013$16,997,819
81$21,014,102$2,716,468$1,173,995$18,637,012
82$23,088,170$2,780,204$1,143,953$20,441,217
83$25,371,607$2,844,878$1,110,719$22,427,221
84$27,885,701$2,910,467$1,074,119$24,613,528
85$30,653,908$2,976,945$1,033,967$27,020,526
86$33,702,073$3,044,282$990,071$29,670,683
87$37,058,678$3,112,445$942,231$32,588,759
88$40,755,104$3,181,396$890,237$35,802,038
89$44,825,934$3,251,093$833,870$39,340,588
90$49,309,273$3,321,491$772,898$43,237,544
91$54,247,113$3,392,538$707,084$47,529,419
92$59,685,723$3,464,177$636,176$52,256,452
93$65,676,092$3,536,347$559,913$57,462,985
94$72,274,405$3,608,979$478,022$63,197,884
95$79,542,575$3,682,000$390,216$69,514,999
96$87,548,828$3,755,329$296,199$76,473,671
97$96,368,346$3,828,877$195,660$84,139,298
98$106,083,976$3,902,550$88,272$92,583,944
99$116,787,010$3,976,244$0$101,887,028
100$128,578,051$4,049,846$0$112,140,563