Can I retire at age 49 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$99,921$99,031$98,162$97,315$96,487$92,842
2 years$49,466$48,544$47,652$46,786$45,946$42,316
3 years$32,650$31,724$30,834$29,976$29,150$25,650
4 years$24,243$23,321$22,439$21,596$20,790$17,446
5 years$19,201$18,284$17,414$16,588$15,804$12,624
6 years$15,840$14,930$14,073$13,265$12,505$9,492
7 years$13,441$12,538$11,695$10,906$10,170$7,323
8 years$11,642$10,748$9,918$9,149$8,437$5,753
9 years$10,243$9,358$8,542$7,793$7,105$4,581
10 years$9,125$8,248$7,447$6,718$6,054$3,684
11 years$8,211$7,343$6,557$5,846$5,207$2,986
12 years$7,450$6,591$5,819$5,128$4,512$2,435
13 years$6,806$5,956$5,199$4,527$3,935$1,996
14 years$6,255$5,414$4,671$4,019$3,449$1,642
15 years$5,778$4,946$4,217$3,584$3,037$1,355
16 years$5,361$4,538$3,824$3,209$2,684$1,121
17 years$4,993$4,179$3,479$2,883$2,380$930
18 years$4,667$3,862$3,176$2,599$2,116$772
19 years$4,375$3,579$2,908$2,348$1,886$642
20 years$4,112$3,326$2,668$2,127$1,685$535
21 years$3,875$3,098$2,455$1,930$1,508$446
22 years$3,660$2,892$2,262$1,755$1,351$372
23 years$3,464$2,704$2,089$1,598$1,213$310
24 years$3,285$2,534$1,932$1,458$1,090$259
25 years$3,120$2,378$1,789$1,331$981$217
26 years$2,968$2,235$1,659$1,217$884$181
27 years$2,827$2,103$1,541$1,114$797$151
28 years$2,697$1,982$1,432$1,021$719$127
29 years$2,576$1,870$1,333$936$649$106
30 years$2,463$1,766$1,242$859$587$89
31 years$2,358$1,669$1,158$789$530$74
32 years$2,259$1,579$1,080$725$480$62
33 years$2,167$1,496$1,008$667$434$52
34 years$2,080$1,418$942$613$393$43
35 years$1,999$1,345$881$565$356$36
36 years$1,922$1,276$824$520$323$30
37 years$1,849$1,212$771$479$292$26
38 years$1,781$1,152$722$442$265$21
39 years$1,716$1,095$677$407$240$18
40 years$1,654$1,042$634$376$218$15
41 years$1,596$992$595$347$198$13
42 years$1,541$945$558$320$179$11
43 years$1,488$900$524$295$163$9
44 years$1,438$858$491$273$148$7
45 years$1,390$818$461$252$134$6
46 years$1,344$781$433$233$122$5
47 years$1,301$745$407$215$111$4
48 years$1,259$711$383$199$100$4
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,210,000, adding $2,402 every year, while hoping to spend $53,905 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: 77/8/15 Blend
48$1,210,000$1,210,000$1,210,000$1,210,000
49$1,335,898$1,271,768$1,253,013$1,434,321
50$1,414,805$1,276,730$1,237,634$1,504,543
51$1,499,954$1,280,128$1,219,934$1,574,495
52$1,591,924$1,281,830$1,199,777$1,649,717
53$1,691,353$1,281,693$1,177,022$1,730,715
54$1,798,942$1,279,566$1,151,523$1,818,050
55$1,915,458$1,275,289$1,123,123$1,912,337
56$2,041,750$1,268,694$1,091,663$2,014,255
57$2,178,748$1,259,598$1,056,973$2,124,552
58$2,327,474$1,247,813$1,018,876$2,244,053
59$2,489,056$1,233,135$977,187$2,373,670
60$2,664,730$1,215,349$931,713$2,514,403
61$2,855,859$1,194,228$882,252$2,667,359
62$3,063,942$1,169,530$828,593$2,833,757
63$3,290,629$1,141,002$770,516$3,014,941
64$3,537,733$1,108,371$707,788$3,212,394
65$3,807,254$1,071,353$640,171$3,427,747
66$4,101,388$1,029,644$567,411$3,662,804
67$4,422,557$982,924$489,247$3,919,550
68$4,773,424$930,854$405,403$4,200,175
69$5,156,923$873,074$315,593$4,507,094
70$5,576,281$809,207$219,517$4,842,967
71$6,035,054$738,851$116,864$5,210,730
72$6,537,157$661,582$7,306$5,613,619
73$7,086,901$576,953$0$6,055,202
74$7,689,031$484,490$0$6,556,954
75$8,348,775$383,693$0$7,108,058
76$9,071,890$274,034$0$7,712,182
77$9,864,716$154,955$0$8,374,661
78$10,734,237$25,868$0$9,101,369
79$11,688,143$0$0$9,898,781
80$12,734,907$0$0$10,784,052
81$13,883,860$0$0$11,758,290
82$15,145,281$0$0$12,827,941
83$16,530,492$0$0$14,002,610
84$18,051,968$0$0$15,292,881
85$19,723,448$0$0$16,710,413
86$21,560,069$0$0$18,268,050
87$23,578,508$0$0$19,979,940
88$25,797,137$0$0$21,861,673
89$28,236,194$0$0$23,930,422
90$30,917,979$0$0$26,205,107
91$33,867,060$0$0$28,706,574
92$37,110,504$0$0$31,457,789
93$40,678,132$0$0$34,484,058
94$44,602,803$0$0$37,813,260
95$48,920,719$0$0$41,476,113
96$53,671,767$0$0$45,506,463
97$58,899,898$0$0$49,941,602
98$64,653,538$0$0$54,822,619
99$70,986,042$0$0$60,194,790
100$77,956,205$0$0$66,108,001