Can I retire at age 49 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$99,095$98,212$97,351$96,510$95,690$94,221
2 years$49,057$48,143$47,258$46,399$45,567$44,090
3 years$32,380$31,462$30,579$29,728$28,909$27,471
4 years$24,043$23,128$22,254$21,418$20,618$19,230
5 years$19,042$18,133$17,270$16,451$15,674$14,339
6 years$15,709$14,807$13,956$13,156$12,402$11,123
7 years$13,329$12,435$11,598$10,816$10,086$8,862
8 years$11,546$10,659$9,836$9,073$8,367$7,199
9 years$10,159$9,280$8,472$7,729$7,047$5,933
10 years$9,050$8,180$7,386$6,662$6,004$4,944
11 years$8,143$7,282$6,502$5,798$5,164$4,157
12 years$7,388$6,536$5,771$5,086$4,475$3,519
13 years$6,750$5,907$5,156$4,490$3,902$2,997
14 years$6,204$5,369$4,632$3,986$3,421$2,564
15 years$5,730$4,905$4,182$3,554$3,012$2,202
16 years$5,316$4,500$3,792$3,183$2,662$1,898
17 years$4,952$4,144$3,451$2,860$2,360$1,640
18 years$4,628$3,830$3,150$2,577$2,098$1,421
19 years$4,339$3,549$2,884$2,329$1,870$1,233
20 years$4,078$3,298$2,646$2,109$1,671$1,072
21 years$3,843$3,072$2,434$1,914$1,495$934
22 years$3,630$2,868$2,244$1,740$1,340$814
23 years$3,435$2,682$2,071$1,585$1,203$711
24 years$3,257$2,513$1,916$1,446$1,081$621
25 years$3,094$2,358$1,774$1,320$973$543
26 years$2,943$2,216$1,646$1,207$876$475
27 years$2,804$2,086$1,528$1,105$790$416
28 years$2,675$1,966$1,421$1,012$713$364
29 years$2,555$1,854$1,322$928$644$319
30 years$2,443$1,751$1,231$852$582$280
31 years$2,338$1,655$1,148$782$526$246
32 years$2,241$1,566$1,071$719$476$216
33 years$2,149$1,483$1,000$661$431$189
34 years$2,063$1,406$934$608$390$166
35 years$1,982$1,333$874$560$353$146
36 years$1,906$1,266$817$516$320$128
37 years$1,834$1,202$765$475$290$113
38 years$1,766$1,142$716$438$263$99
39 years$1,702$1,086$671$404$238$87
40 years$1,641$1,034$629$373$216$76
41 years$1,583$984$590$344$196$67
42 years$1,528$937$553$317$178$59
43 years$1,476$893$519$293$162$52
44 years$1,426$851$487$270$147$46
45 years$1,378$811$458$250$133$40
46 years$1,333$774$430$231$121$35
47 years$1,290$739$404$213$110$31
48 years$1,249$705$379$197$100$27
49 years$1,209$673$357$182$91$24
50 years$1,172$643$335$168$82$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,200,000, adding $5,487 every year, while hoping to spend $28,152 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: 52/18/30 Blend
48$1,200,000$1,200,000$1,200,000$1,200,000
49$1,328,060$1,264,460$1,245,860$1,385,659
50$1,433,568$1,296,465$1,257,643$1,458,377
51$1,548,895$1,329,095$1,268,877$1,534,176
52$1,675,012$1,362,350$1,279,514$1,616,093
53$1,812,989$1,396,231$1,289,503$1,704,726
54$1,964,005$1,430,736$1,298,792$1,800,734
55$2,129,355$1,465,865$1,307,323$1,904,841
56$2,310,470$1,501,612$1,315,039$2,017,848
57$2,508,921$1,537,975$1,321,877$2,140,637
58$2,726,443$1,574,947$1,327,771$2,274,178
59$2,964,942$1,612,522$1,332,653$2,419,544
60$3,226,521$1,650,690$1,336,452$2,577,913
61$3,513,495$1,689,442$1,339,092$2,750,589
62$3,828,412$1,728,766$1,340,492$2,939,004
63$4,174,082$1,768,648$1,340,571$3,144,740
64$4,553,599$1,809,072$1,339,240$3,369,540
65$4,970,370$1,850,020$1,336,408$3,615,325
66$5,428,148$1,891,472$1,331,979$3,884,212
67$5,931,071$1,933,405$1,325,852$4,178,536
68$6,483,693$1,975,795$1,317,921$4,500,870
69$7,091,033$2,018,613$1,308,075$4,854,052
70$7,758,622$2,061,828$1,296,198$5,241,206
71$8,492,549$2,105,406$1,282,169$5,665,781
72$9,299,528$2,149,309$1,265,861$6,131,576
73$10,186,952$2,193,498$1,247,139$6,642,778
74$11,162,968$2,237,925$1,225,865$7,204,006
75$12,236,551$2,282,544$1,201,891$7,820,346
76$13,417,590$2,327,300$1,175,066$8,497,410
77$14,716,983$2,372,136$1,145,229$9,241,381
78$16,146,733$2,416,989$1,112,213$10,059,075
79$17,720,070$2,461,792$1,075,842$10,958,004
80$19,451,568$2,506,470$1,035,933$11,946,451
81$21,357,286$2,550,945$992,295$13,033,543
82$23,454,919$2,595,132$944,727$14,229,344
83$25,763,966$2,638,938$893,020$15,544,943
84$28,305,910$2,682,265$836,956$16,992,565
85$31,104,423$2,725,007$776,305$18,585,686
86$34,185,592$2,767,050$710,828$20,339,156
87$37,578,157$2,808,270$640,276$22,269,348
88$41,313,792$2,848,538$564,388$24,394,305
89$45,427,396$2,887,714$482,892$26,733,914
90$49,957,424$2,925,646$395,503$29,310,096
91$54,946,253$2,962,174$301,924$32,147,012
92$60,440,578$2,997,127$201,845$35,271,292
93$66,491,852$3,030,322$94,942$38,712,287
94$73,156,776$3,061,563$0$42,502,346
95$80,497,829$3,090,641$0$46,683,251
96$88,583,860$3,117,335$0$51,321,003
97$97,490,737$3,141,407$0$56,428,609
98$107,302,061$3,162,606$0$62,053,928
99$118,109,960$3,180,662$0$68,249,700
100$130,015,952$3,195,290$0$75,074,044