Can I retire at age 49 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$107,353$106,397$105,464$104,553$103,664$102,667
2 years$53,145$52,155$51,196$50,266$49,364$48,359
3 years$35,078$34,084$33,127$32,206$31,318$30,338
4 years$26,046$25,055$24,108$23,202$22,337$21,387
5 years$20,629$19,644$18,709$17,822$16,980$16,065
6 years$17,018$16,041$15,120$14,252$13,436$12,556
7 years$14,440$13,471$12,564$11,718$10,927$10,083
8 years$12,508$11,547$10,656$9,830$9,065$8,256
9 years$11,005$10,054$9,178$8,373$7,634$6,861
10 years$9,804$8,862$8,001$7,217$6,504$5,766
11 years$8,822$7,889$7,044$6,281$5,594$4,890
12 years$8,004$7,081$6,252$5,509$4,848$4,177
13 years$7,313$6,399$5,585$4,864$4,227$3,590
14 years$6,720$5,817$5,018$4,318$3,706$3,100
15 years$6,208$5,314$4,531$3,851$3,263$2,688
16 years$5,759$4,875$4,108$3,448$2,884$2,339
17 years$5,364$4,490$3,738$3,098$2,557$2,042
18 years$5,014$4,149$3,412$2,792$2,273$1,786
19 years$4,700$3,845$3,124$2,523$2,026$1,566
20 years$4,418$3,573$2,867$2,285$1,810$1,376
21 years$4,164$3,328$2,637$2,074$1,620$1,211
22 years$3,932$3,107$2,430$1,885$1,452$1,067
23 years$3,722$2,906$2,244$1,717$1,303$942
24 years$3,529$2,722$2,075$1,566$1,171$832
25 years$3,352$2,555$1,922$1,430$1,054$735
26 years$3,188$2,401$1,783$1,308$949$651
27 years$3,037$2,260$1,655$1,197$856$576
28 years$2,897$2,129$1,539$1,097$772$510
29 years$2,767$2,009$1,432$1,006$697$452
30 years$2,646$1,897$1,334$923$630$401
31 years$2,533$1,793$1,244$848$570$356
32 years$2,427$1,697$1,160$779$515$316
33 years$2,328$1,607$1,083$716$466$281
34 years$2,235$1,523$1,012$659$422$249
35 years$2,147$1,445$946$607$382$222
36 years$2,065$1,371$885$559$347$197
37 years$1,987$1,302$829$515$314$175
38 years$1,913$1,238$776$475$285$156
39 years$1,843$1,177$727$438$258$138
40 years$1,777$1,120$681$404$234$123
41 years$1,715$1,066$639$372$212$110
42 years$1,655$1,015$599$344$193$97
43 years$1,598$967$562$317$175$87
44 years$1,545$922$528$293$159$77
45 years$1,493$879$496$271$144$69
46 years$1,444$839$466$250$131$61
47 years$1,398$800$437$231$119$54
48 years$1,353$764$411$213$108$48
49 years$1,310$730$386$197$98$43
50 years$1,269$697$363$182$89$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,300,000, adding $5,750 every year, while hoping to spend $57,752 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: 52/21/27 Blend
48$1,300,000$1,300,000$1,300,000$1,300,000
49$1,438,531$1,369,631$1,349,481$1,502,189
50$1,523,814$1,375,295$1,333,241$1,552,652
51$1,615,859$1,379,302$1,314,521$1,601,196
52$1,715,297$1,381,507$1,293,178$1,652,853
53$1,822,818$1,381,762$1,269,060$1,707,942
54$1,939,182$1,379,905$1,242,010$1,766,819
55$2,065,224$1,375,765$1,211,862$1,829,880
56$2,201,861$1,369,162$1,178,445$1,897,563
57$2,350,104$1,359,905$1,141,576$1,970,354
58$2,511,063$1,347,788$1,101,067$2,048,791
59$2,685,960$1,332,598$1,056,720$2,133,472
60$2,876,136$1,314,104$1,008,330$2,225,059
61$3,083,072$1,292,065$955,678$2,324,285
62$3,308,392$1,266,223$898,540$2,431,963
63$3,553,887$1,236,306$836,680$2,548,992
64$3,821,525$1,202,027$769,851$2,676,369
65$4,113,474$1,163,080$697,794$2,815,198
66$4,432,120$1,119,143$620,242$2,966,698
67$4,780,089$1,069,873$536,913$3,132,222
68$5,160,271$1,014,910$447,512$3,313,264
69$5,575,849$953,871$351,734$3,511,479
70$6,030,326$886,352$249,258$3,728,696
71$6,527,562$811,925$139,750$3,966,939
72$7,071,802$730,138$22,861$4,228,446
73$7,667,726$640,515$0$4,515,689
74$8,320,484$542,550$0$4,860,756
75$9,035,749$435,710$0$5,246,253
76$9,819,767$319,433$0$5,669,044
77$10,679,421$193,122$0$6,132,939
78$11,622,287$56,150$0$6,642,141
79$12,656,713$0$0$7,201,287
80$13,791,892$0$0$7,836,783
81$15,037,952$0$0$8,548,730
82$16,406,047$0$0$9,330,542
83$17,908,467$0$0$10,189,259
84$19,558,746$0$0$11,132,635
85$21,371,798$0$0$12,169,214
86$23,364,050$0$0$13,308,407
87$25,553,600$0$0$14,560,583
88$27,960,387$0$0$15,937,164
89$30,606,376$0$0$17,450,736
90$33,515,767$0$0$19,115,164
91$36,715,224$0$0$20,945,723
92$40,234,122$0$0$22,959,245
93$44,104,827$0$0$25,174,274
94$48,363,000$0$0$27,611,241
95$53,047,929$0$0$30,292,658
96$58,202,906$0$0$33,243,329
97$63,875,629$0$0$36,490,585
98$70,118,655$0$0$40,064,538
99$76,989,893$0$0$43,998,370
100$84,553,150$0$0$48,328,641