Can I retire at age 49 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$105,701$104,760$103,841$102,944$102,069$100,049
2 years$52,327$51,353$50,408$49,493$48,604$46,578
3 years$34,538$33,560$32,618$31,710$30,837$28,867
4 years$25,646$24,670$23,737$22,846$21,993$20,095
5 years$20,311$19,341$18,421$17,548$16,719$14,898
6 years$16,756$15,794$14,887$14,033$13,229$11,487
7 years$14,218$13,264$12,371$11,537$10,759$9,096
8 years$12,315$11,369$10,492$9,678$8,925$7,342
9 years$10,836$9,899$9,036$8,244$7,516$6,011
10 years$9,653$8,726$7,878$7,106$6,404$4,976
11 years$8,686$7,768$6,936$6,185$5,508$4,154
12 years$7,881$6,972$6,155$5,425$4,773$3,493
13 years$7,200$6,301$5,499$4,789$4,162$2,953
14 years$6,617$5,727$4,941$4,251$3,649$2,507
15 years$6,112$5,232$4,461$3,791$3,212$2,138
16 years$5,671$4,800$4,045$3,395$2,839$1,828
17 years$5,282$4,421$3,681$3,050$2,517$1,567
18 years$4,936$4,085$3,360$2,749$2,238$1,347
19 years$4,628$3,786$3,076$2,484$1,995$1,160
20 years$4,350$3,518$2,823$2,250$1,782$1,000
21 years$4,100$3,277$2,596$2,042$1,595$864
22 years$3,872$3,059$2,393$1,856$1,429$747
23 years$3,664$2,861$2,210$1,691$1,283$646
24 years$3,475$2,680$2,043$1,542$1,153$560
25 years$3,300$2,515$1,893$1,408$1,038$485
26 years$3,139$2,364$1,755$1,288$935$421
27 years$2,991$2,225$1,630$1,179$843$365
28 years$2,853$2,097$1,515$1,080$761$317
29 years$2,725$1,978$1,410$990$687$276
30 years$2,606$1,868$1,313$909$621$239
31 years$2,494$1,766$1,225$835$561$208
32 years$2,390$1,671$1,142$767$507$181
33 years$2,292$1,582$1,067$705$459$157
34 years$2,201$1,500$997$649$416$137
35 years$2,114$1,422$932$597$377$119
36 years$2,033$1,350$872$550$341$104
37 years$1,956$1,282$816$507$309$90
38 years$1,884$1,219$764$467$280$79
39 years$1,815$1,159$716$431$254$68
40 years$1,750$1,102$671$397$231$60
41 years$1,688$1,049$629$367$209$52
42 years$1,630$999$590$338$190$45
43 years$1,574$952$554$312$172$39
44 years$1,521$908$520$288$156$34
45 years$1,470$866$488$266$142$30
46 years$1,422$826$458$246$129$26
47 years$1,376$788$431$227$117$23
48 years$1,332$752$405$210$106$20
49 years$1,290$718$380$194$97$17
50 years$1,250$686$358$179$88$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,280,000, adding $2,915 every year, while hoping to spend $24,307 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: 86/6/8 Blend
48$1,280,000$1,280,000$1,280,000$1,280,000
49$1,413,567$1,345,727$1,325,887$1,533,709
50$1,531,888$1,385,805$1,344,442$1,652,596
51$1,661,464$1,427,032$1,362,803$1,779,586
52$1,803,415$1,469,439$1,380,940$1,918,364
53$1,958,980$1,513,058$1,398,817$2,070,100
54$2,129,517$1,557,919$1,416,399$2,236,082
55$2,316,527$1,604,057$1,433,648$2,417,731
56$2,521,661$1,651,503$1,450,523$2,616,611
57$2,746,737$1,700,294$1,466,982$2,834,444
58$2,993,759$1,750,463$1,482,981$3,073,126
59$3,264,933$1,802,046$1,498,471$3,334,748
60$3,562,690$1,855,080$1,513,403$3,621,611
61$3,889,707$1,909,601$1,527,725$3,936,251
62$4,248,933$1,965,648$1,541,380$4,281,461
63$4,643,619$2,023,260$1,554,311$4,660,318
64$5,077,344$2,082,475$1,566,456$5,076,213
65$5,554,051$2,143,334$1,577,751$5,532,879
66$6,078,085$2,205,879$1,588,126$6,034,432
67$6,654,232$2,270,149$1,597,511$6,585,404
68$7,287,766$2,336,189$1,605,830$7,190,790
69$7,984,497$2,404,041$1,613,004$7,856,093
70$8,750,826$2,473,749$1,618,949$8,587,374
71$9,593,805$2,545,358$1,623,579$9,391,314
72$10,521,206$2,618,913$1,626,802$10,275,272
73$11,541,590$2,694,460$1,628,521$11,247,358
74$12,664,391$2,772,047$1,628,634$12,316,506
75$13,900,002$2,851,721$1,627,037$13,492,562
76$15,259,877$2,933,530$1,623,617$14,786,374
77$16,756,634$3,017,523$1,618,258$16,209,894
78$18,404,178$3,103,749$1,610,838$17,776,294
79$20,217,831$3,192,259$1,601,227$19,500,087
80$22,214,473$3,283,103$1,589,292$21,397,262
81$24,412,707$3,376,333$1,574,891$23,485,443
82$26,833,031$3,472,001$1,557,877$25,784,046
83$29,498,029$3,570,159$1,538,096$28,314,466
84$32,432,591$3,670,859$1,515,384$31,100,280
85$35,664,139$3,774,155$1,489,574$34,167,469
86$39,222,893$3,880,100$1,460,486$37,544,659
87$43,142,152$3,988,749$1,427,936$41,263,399
88$47,458,608$4,100,155$1,391,729$45,358,449
89$52,212,696$4,214,372$1,351,662$49,868,116
90$57,448,971$4,331,455$1,307,522$54,834,613
91$63,216,528$4,451,459$1,259,086$60,304,453
92$69,569,470$4,574,437$1,206,122$66,328,897
93$76,567,416$4,700,445$1,148,387$72,964,427
94$84,276,061$4,829,535$1,085,626$80,273,288
95$92,767,799$4,961,762$1,017,575$88,324,071
96$102,122,405$5,097,178$943,954$97,192,362
97$112,427,788$5,235,838$864,474$106,961,452
98$123,780,820$5,377,792$778,831$117,723,128
99$136,288,251$5,523,091$686,710$129,578,536
100$150,067,717$5,671,787$587,779$142,639,138