Can I retire at age 49 with 1,320,000?

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 $1,320,000?

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$109,004$108,033$107,086$106,161$105,259$104,246
2 years$53,963$52,958$51,984$51,039$50,123$49,103
3 years$35,618$34,608$33,637$32,701$31,800$30,804
4 years$26,447$25,441$24,479$23,559$22,680$21,716
5 years$20,946$19,946$18,997$18,096$17,241$16,312
6 years$17,280$16,287$15,352$14,471$13,642$12,749
7 years$14,662$13,678$12,758$11,898$11,095$10,238
8 years$12,700$11,725$10,820$9,981$9,204$8,383
9 years$11,175$10,208$9,319$8,501$7,751$6,966
10 years$9,955$8,998$8,124$7,328$6,604$5,855
11 years$8,958$8,011$7,153$6,378$5,680$4,965
12 years$8,127$7,190$6,348$5,594$4,922$4,241
13 years$7,425$6,498$5,671$4,939$4,292$3,645
14 years$6,824$5,906$5,096$4,384$3,763$3,148
15 years$6,303$5,395$4,601$3,910$3,313$2,730
16 years$5,848$4,950$4,171$3,501$2,928$2,375
17 years$5,447$4,559$3,796$3,146$2,596$2,073
18 years$5,091$4,213$3,465$2,835$2,308$1,814
19 years$4,772$3,904$3,172$2,561$2,057$1,590
20 years$4,486$3,628$2,911$2,320$1,838$1,397
21 years$4,228$3,379$2,678$2,105$1,645$1,230
22 years$3,993$3,154$2,468$1,914$1,474$1,084
23 years$3,779$2,950$2,279$1,743$1,323$956
24 years$3,583$2,764$2,107$1,590$1,189$844
25 years$3,403$2,594$1,952$1,452$1,070$747
26 years$3,237$2,438$1,810$1,328$964$661
27 years$3,084$2,294$1,681$1,215$869$585
28 years$2,942$2,162$1,563$1,114$784$518
29 years$2,810$2,040$1,454$1,021$708$459
30 years$2,687$1,926$1,355$937$640$408
31 years$2,572$1,821$1,263$861$579$362
32 years$2,465$1,723$1,178$791$523$321
33 years$2,364$1,632$1,100$727$474$285
34 years$2,269$1,546$1,028$669$429$253
35 years$2,180$1,467$961$616$388$225
36 years$2,096$1,392$899$567$352$200
37 years$2,017$1,322$841$523$319$178
38 years$1,943$1,257$788$482$289$158
39 years$1,872$1,195$738$444$262$141
40 years$1,805$1,137$692$410$238$125
41 years$1,741$1,082$649$378$216$111
42 years$1,681$1,031$609$349$196$99
43 years$1,623$982$571$322$178$88
44 years$1,568$936$536$297$161$78
45 years$1,516$893$503$275$146$70
46 years$1,466$852$473$254$133$62
47 years$1,419$813$444$234$121$55
48 years$1,374$776$417$217$110$49
49 years$1,330$741$392$200$100$44
50 years$1,289$708$369$185$90$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,320,000, adding $4,410 every year, while hoping to spend $57,629 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: 51/27/22 Blend
48$1,320,000$1,320,000$1,320,000$1,320,000
49$1,459,189$1,389,229$1,368,769$1,524,451
50$1,546,709$1,395,984$1,353,306$1,576,820
51$1,641,225$1,401,139$1,335,393$1,627,468
52$1,743,390$1,404,554$1,314,888$1,681,336
53$1,853,920$1,406,082$1,291,641$1,738,752
54$1,973,604$1,405,564$1,265,496$1,800,080
55$2,103,310$1,402,835$1,236,288$1,865,722
56$2,243,990$1,397,716$1,203,846$1,936,124
57$2,396,693$1,390,020$1,167,991$2,011,783
58$2,562,571$1,379,548$1,128,535$2,093,247
59$2,742,895$1,366,086$1,085,281$2,181,125
60$2,939,057$1,349,412$1,038,026$2,276,091
61$3,152,595$1,329,286$986,553$2,378,891
62$3,385,196$1,305,458$930,639$2,490,353
63$3,638,720$1,277,660$870,050$2,611,393
64$3,915,214$1,245,609$804,541$2,743,025
65$4,216,928$1,209,007$733,855$2,886,372
66$4,546,341$1,167,534$657,726$3,042,676
67$4,906,182$1,120,858$575,874$3,213,314
68$5,299,454$1,068,622$488,007$3,399,805
69$5,729,465$1,010,450$393,822$3,603,834
70$6,199,855$945,947$292,999$3,827,262
71$6,714,633$874,691$185,208$4,072,148
72$7,278,214$796,239$70,100$4,340,769
73$7,895,458$710,122$0$4,635,642
74$8,571,720$615,843$0$4,971,929
75$9,312,895$512,879$0$5,358,693
76$10,125,476$400,675$0$5,782,951
77$11,016,614$278,648$0$6,248,557
78$11,994,186$146,179$0$6,759,762
79$13,066,867$2,616$0$7,321,257
80$14,244,214$0$0$7,938,216
81$15,536,753$0$0$8,661,727
82$16,956,079$0$0$9,457,204
83$18,514,966$0$0$10,331,047
84$20,227,484$0$0$11,291,162
85$22,109,135$0$0$12,346,259
86$24,176,995$0$0$13,505,933
87$26,449,877$0$0$14,780,755
88$28,948,509$0$0$16,182,371
89$31,695,725$0$0$17,723,613
90$34,716,683$0$0$19,418,616
91$38,039,100$0$0$21,282,956
92$41,693,515$0$0$23,333,793
93$45,713,575$0$0$25,590,035
94$50,136,352$0$0$28,072,514
95$55,002,691$0$0$30,804,183
96$60,357,599$0$0$33,810,332
97$66,250,664$0$0$37,118,829
98$72,736,523$0$0$40,760,378
99$79,875,382$0$0$44,768,811
100$87,733,575$0$0$49,181,406