Can I retire at age 49 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$95,792$94,938$94,106$93,293$92,500$89,611
2 years$47,422$46,538$45,683$44,853$44,048$41,163
3 years$31,300$30,413$29,560$28,738$27,946$25,155
4 years$23,241$22,357$21,512$20,704$19,931$17,257
5 years$18,407$17,528$16,694$15,902$15,151$12,600
6 years$15,185$14,313$13,491$12,717$11,989$9,563
7 years$12,885$12,020$11,211$10,456$9,750$7,449
8 years$11,161$10,303$9,508$8,771$8,089$5,912
9 years$9,820$8,971$8,189$7,471$6,812$4,756
10 years$8,748$7,908$7,140$6,440$5,804$3,866
11 years$7,872$7,040$6,286$5,605$4,992$3,169
12 years$7,142$6,318$5,578$4,916$4,326$2,614
13 years$6,525$5,710$4,984$4,340$3,772$2,167
14 years$5,997$5,190$4,478$3,853$3,307$1,804
15 years$5,539$4,741$4,043$3,436$2,911$1,507
16 years$5,139$4,350$3,666$3,077$2,573$1,262
17 years$4,787$4,006$3,336$2,764$2,281$1,060
18 years$4,474$3,702$3,045$2,491$2,029$891
19 years$4,194$3,431$2,788$2,251$1,808$751
20 years$3,942$3,188$2,558$2,039$1,615$634
21 years$3,715$2,970$2,353$1,850$1,445$535
22 years$3,509$2,772$2,169$1,682$1,295$452
23 years$3,321$2,593$2,002$1,532$1,163$383
24 years$3,149$2,429$1,852$1,397$1,045$324
25 years$2,991$2,280$1,715$1,276$941$274
26 years$2,845$2,143$1,591$1,167$847$233
27 years$2,710$2,016$1,477$1,068$764$197
28 years$2,585$1,900$1,373$979$689$167
29 years$2,469$1,792$1,278$897$622$142
30 years$2,361$1,693$1,190$824$562$120
31 years$2,260$1,600$1,110$756$508$102
32 years$2,166$1,514$1,035$695$460$87
33 years$2,077$1,434$967$639$416$74
34 years$1,994$1,359$903$588$377$62
35 years$1,916$1,289$844$541$341$53
36 years$1,842$1,223$790$499$309$45
37 years$1,773$1,162$739$459$280$38
38 years$1,707$1,104$692$423$254$32
39 years$1,645$1,050$649$390$230$28
40 years$1,586$999$608$360$209$23
41 years$1,530$951$570$332$190$20
42 years$1,477$906$535$307$172$17
43 years$1,426$863$502$283$156$14
44 years$1,378$823$471$261$142$12
45 years$1,332$784$442$241$129$10
46 years$1,289$748$415$223$117$9
47 years$1,247$714$390$206$106$7
48 years$1,207$682$367$190$96$6
49 years$1,169$651$345$176$87$5
50 years$1,133$622$324$163$79$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,160,000, adding $2,685 every year, while hoping to spend $34,632 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: 48/36/16 Blend
48$1,160,000$1,160,000$1,160,000$1,160,000
49$1,281,090$1,219,610$1,201,630$1,336,721
50$1,374,913$1,242,522$1,205,036$1,398,416
51$1,477,145$1,265,397$1,207,396$1,461,605
52$1,588,607$1,288,195$1,208,637$1,529,465
53$1,710,204$1,310,876$1,208,686$1,602,447
54$1,842,930$1,333,393$1,207,461$1,681,047
55$1,987,880$1,355,701$1,204,882$1,765,811
56$2,146,259$1,377,745$1,200,861$1,857,345
57$2,319,395$1,399,472$1,195,308$1,956,314
58$2,508,748$1,420,822$1,188,126$2,063,453
59$2,715,928$1,441,730$1,179,215$2,179,572
60$2,942,706$1,462,128$1,168,472$2,305,566
61$3,191,032$1,481,942$1,155,787$2,442,420
62$3,463,055$1,501,095$1,141,043$2,591,221
63$3,761,141$1,519,503$1,124,122$2,753,171
64$4,087,894$1,537,075$1,104,897$2,929,592
65$4,446,184$1,553,716$1,083,236$3,121,945
66$4,839,171$1,569,325$1,059,001$3,331,839
67$5,270,336$1,583,792$1,032,047$3,561,052
68$5,743,514$1,597,001$1,002,224$3,811,543
69$6,262,928$1,608,829$969,374$4,085,472
70$6,833,229$1,619,145$933,330$4,385,225
71$7,459,543$1,627,807$893,921$4,713,429
72$8,147,514$1,634,668$850,966$5,072,987
73$8,903,362$1,639,568$804,275$5,467,095
74$9,733,938$1,642,340$753,651$5,899,282
75$10,646,789$1,642,804$698,888$6,373,440
76$11,650,231$1,640,771$639,769$6,893,858
77$12,753,424$1,636,038$576,071$7,465,270
78$13,966,461$1,628,392$507,557$8,092,894
79$15,300,462$1,617,605$433,982$8,782,486
80$16,767,677$1,603,436$355,089$9,540,393
81$18,381,606$1,585,630$270,610$10,373,615
82$20,157,119$1,563,915$180,266$11,289,869
83$22,110,604$1,538,005$83,763$12,297,667
84$24,260,114$1,507,596$0$13,406,394
85$26,625,542$1,472,364$0$14,629,680
86$29,228,807$1,431,970$0$15,991,127
87$32,094,059$1,386,051$0$17,489,059
88$35,247,911$1,334,225$0$19,137,408
89$38,719,684$1,276,088$0$20,951,530
90$42,541,687$1,211,212$0$22,948,353
91$46,749,522$1,139,143$0$25,146,539
92$51,382,415$1,059,404$0$27,566,655
93$56,483,594$971,487$0$30,231,374
94$62,100,688$874,858$0$33,165,690
95$68,286,183$768,950$0$36,397,150
96$75,097,912$653,167$0$39,956,120
97$82,599,603$526,876$0$43,876,070
98$90,861,480$389,410$0$48,193,895
99$99,960,925$240,066$0$52,950,259
100$109,983,209$78,098$0$58,189,984