Can I retire at age 49 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$100,746$99,849$98,974$98,119$97,285$95,204
2 years$49,874$48,946$48,045$47,173$46,326$44,240
3 years$32,919$31,987$31,089$30,224$29,391$27,364
4 years$24,443$23,513$22,625$21,775$20,962$19,011
5 years$19,359$18,435$17,558$16,725$15,935$14,064
6 years$15,971$15,053$14,189$13,375$12,609$10,821
7 years$13,552$12,642$11,791$10,996$10,254$8,550
8 years$11,738$10,836$10,000$9,225$8,507$6,885
9 years$10,328$9,435$8,613$7,857$7,164$5,623
10 years$9,201$8,317$7,509$6,773$6,104$4,643
11 years$8,279$7,404$6,611$5,895$5,250$3,867
12 years$7,512$6,645$5,867$5,170$4,549$3,242
13 years$6,863$6,005$5,242$4,565$3,967$2,734
14 years$6,307$5,459$4,710$4,052$3,478$2,315
15 years$5,826$4,987$4,252$3,614$3,062$1,968
16 years$5,405$4,575$3,855$3,236$2,706$1,678
17 years$5,034$4,213$3,508$2,907$2,399$1,435
18 years$4,705$3,893$3,202$2,620$2,133$1,230
19 years$4,411$3,608$2,932$2,367$1,902$1,056
20 years$4,146$3,353$2,691$2,144$1,699$908
21 years$3,907$3,123$2,475$1,946$1,520$781
22 years$3,690$2,915$2,281$1,769$1,362$673
23 years$3,493$2,727$2,106$1,611$1,223$581
24 years$3,312$2,555$1,948$1,470$1,099$502
25 years$3,145$2,398$1,804$1,342$989$434
26 years$2,992$2,253$1,673$1,227$891$375
27 years$2,850$2,121$1,554$1,123$803$324
28 years$2,719$1,998$1,444$1,029$725$281
29 years$2,597$1,885$1,344$944$655$243
30 years$2,483$1,780$1,252$866$591$210
31 years$2,377$1,683$1,167$795$535$182
32 years$2,278$1,592$1,089$731$484$158
33 years$2,185$1,508$1,017$672$438$137
34 years$2,097$1,429$950$619$396$119
35 years$2,015$1,356$888$569$359$103
36 years$1,938$1,287$831$524$325$89
37 years$1,864$1,222$778$483$295$77
38 years$1,795$1,161$728$445$267$67
39 years$1,730$1,104$682$411$242$58
40 years$1,668$1,051$640$379$220$51
41 years$1,609$1,000$600$349$199$44
42 years$1,553$953$563$323$181$38
43 years$1,500$908$528$298$164$33
44 years$1,450$865$495$275$149$29
45 years$1,401$825$465$254$135$25
46 years$1,355$787$437$234$123$22
47 years$1,312$751$411$217$112$19
48 years$1,270$717$386$200$101$16
49 years$1,230$685$363$185$92$14
50 years$1,191$654$341$171$84$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,220,000, adding $6,229 every year, while hoping to spend $59,954 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: 53/34/13 Blend
48$1,220,000$1,220,000$1,220,000$1,220,000
49$1,350,865$1,286,205$1,267,295$1,417,509
50$1,424,863$1,285,439$1,245,959$1,462,860
51$1,504,399$1,282,625$1,221,899$1,505,228
52$1,589,975$1,277,601$1,194,960$1,549,954
53$1,682,142$1,270,193$1,164,980$1,597,276
54$1,781,504$1,260,216$1,131,791$1,647,457
55$1,888,727$1,247,476$1,095,215$1,700,795
56$2,004,539$1,231,765$1,055,067$1,757,615
57$2,129,745$1,212,864$1,011,155$1,818,283
58$2,265,225$1,190,540$963,274$1,883,203
59$2,411,948$1,164,547$911,214$1,952,827
60$2,570,981$1,134,624$854,754$2,027,653
61$2,743,495$1,100,494$793,662$2,108,237
62$2,930,779$1,061,866$727,697$2,195,194
63$3,134,251$1,018,430$656,608$2,289,209
64$3,355,469$969,858$580,129$2,391,041
65$3,596,150$915,804$497,986$2,501,531
66$3,858,181$855,902$409,892$2,621,612
67$4,143,638$789,764$315,547$2,752,320
68$4,454,808$716,981$214,636$2,894,800
69$4,794,205$637,120$106,833$3,050,325
70$5,164,598$549,723$0$3,220,303
71$5,569,036$454,308$0$3,407,431
72$6,010,871$350,363$0$3,628,189
73$6,493,799$237,350$0$3,869,704
74$7,021,884$114,698$0$4,134,149
75$7,599,604$0$0$4,423,925
76$8,231,889$0$0$4,748,489
77$8,924,166$0$0$5,150,949
78$9,682,413$0$0$5,591,879
79$10,513,212$0$0$6,075,124
80$11,423,814$0$0$6,604,916
81$12,422,202$0$0$7,185,915
82$13,517,170$0$0$7,823,256
83$14,718,403$0$0$8,522,594
84$16,036,571$0$0$9,290,157
85$17,483,424$0$0$10,132,807
86$19,071,906$0$0$11,058,101
87$20,816,277$0$0$12,074,366
88$22,732,243$0$0$13,190,772
89$24,837,107$0$0$14,417,423
90$27,149,933$0$0$15,765,450
91$29,691,719$0$0$17,247,116
92$32,485,600$0$0$18,875,930
93$35,557,066$0$0$20,666,775
94$38,934,195$0$0$22,636,050
95$42,647,927$0$0$24,801,820
96$46,732,346$0$0$27,183,992
97$51,225,008$0$0$29,804,495
98$56,167,289$0$0$32,687,493
99$61,604,778$0$0$35,859,609
100$67,587,707$0$0$39,350,178