Can I retire at age 49 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$113,133$112,126$111,142$110,183$109,246$106,778
2 years$56,007$54,964$53,953$52,972$52,022$49,549
3 years$36,967$35,919$34,911$33,940$33,005$30,604
4 years$27,449$26,404$25,406$24,452$23,539$21,229
5 years$21,740$20,701$19,716$18,781$17,894$15,681
6 years$17,935$16,904$15,934$15,020$14,159$12,045
7 years$15,218$14,196$13,241$12,348$11,515$9,501
8 years$13,181$12,169$11,229$10,359$9,553$7,637
9 years$11,598$10,595$9,672$8,823$8,045$6,227
10 years$10,332$9,339$8,432$7,606$6,855$5,132
11 years$9,297$8,314$7,424$6,619$5,895$4,266
12 years$8,435$7,462$6,588$5,806$5,109$3,570
13 years$7,706$6,744$5,886$5,126$4,455$3,004
14 years$7,082$6,130$5,289$4,550$3,905$2,539
15 years$6,542$5,600$4,775$4,058$3,438$2,154
16 years$6,070$5,138$4,329$3,633$3,039$1,833
17 years$5,653$4,732$3,939$3,265$2,694$1,564
18 years$5,284$4,372$3,596$2,942$2,396$1,337
19 years$4,953$4,052$3,292$2,658$2,135$1,145
20 years$4,656$3,765$3,021$2,408$1,907$982
21 years$4,388$3,507$2,779$2,185$1,707$844
22 years$4,144$3,274$2,561$1,987$1,530$726
23 years$3,922$3,062$2,365$1,809$1,373$624
24 years$3,719$2,869$2,187$1,650$1,234$538
25 years$3,532$2,692$2,026$1,507$1,111$464
26 years$3,360$2,530$1,879$1,378$1,001$400
27 years$3,201$2,381$1,745$1,261$902$345
28 years$3,053$2,244$1,622$1,156$814$298
29 years$2,916$2,117$1,509$1,060$735$257
30 years$2,789$1,999$1,406$973$664$222
31 years$2,670$1,890$1,311$893$600$192
32 years$2,558$1,788$1,223$821$543$166
33 years$2,453$1,693$1,142$755$492$144
34 years$2,355$1,605$1,067$695$445$124
35 years$2,263$1,522$997$639$403$107
36 years$2,176$1,445$933$589$365$93
37 years$2,094$1,372$873$543$331$80
38 years$2,016$1,304$818$500$300$70
39 years$1,943$1,240$766$461$272$60
40 years$1,873$1,180$718$425$247$52
41 years$1,807$1,123$673$392$224$45
42 years$1,744$1,070$632$362$203$39
43 years$1,685$1,019$593$334$184$34
44 years$1,628$972$556$309$167$29
45 years$1,574$926$522$285$152$25
46 years$1,522$884$491$263$138$22
47 years$1,473$843$461$243$125$19
48 years$1,426$805$433$225$114$16
49 years$1,381$769$407$208$103$14
50 years$1,338$734$383$192$94$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,370,000, adding $6,831 every year, while hoping to spend $48,605 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: 45/39/16 Blend
48$1,370,000$1,370,000$1,370,000$1,370,000
49$1,516,786$1,444,176$1,422,941$1,577,803
50$1,619,783$1,463,225$1,418,894$1,640,138
51$1,731,657$1,481,579$1,413,083$1,702,279
52$1,853,261$1,499,152$1,405,397$1,768,618
53$1,985,535$1,515,852$1,395,719$1,839,567
54$2,129,514$1,531,583$1,383,930$1,915,579
55$2,286,334$1,546,241$1,369,902$1,997,152
56$2,457,248$1,559,714$1,353,501$2,084,842
57$2,643,633$1,571,885$1,334,589$2,179,261
58$2,847,005$1,582,629$1,313,019$2,281,084
59$3,069,033$1,591,812$1,288,639$2,391,060
60$3,311,554$1,599,291$1,261,288$2,510,015
61$3,576,592$1,604,915$1,230,800$2,638,862
62$3,866,371$1,608,523$1,196,999$2,778,612
63$4,183,345$1,609,944$1,159,702$2,930,380
64$4,530,212$1,608,997$1,118,718$3,095,398
65$4,909,945$1,605,489$1,073,846$3,275,030
66$5,325,816$1,599,215$1,024,877$3,470,779
67$5,781,431$1,589,958$971,592$3,684,308
68$6,280,759$1,577,488$913,762$3,917,454
69$6,828,170$1,561,559$851,147$4,172,245
70$7,428,482$1,541,913$783,499$4,450,922
71$8,086,996$1,518,276$710,555$4,755,960
72$8,809,553$1,490,355$632,042$5,090,091
73$9,602,589$1,457,844$547,677$5,456,333
74$10,473,190$1,420,415$457,161$5,858,018
75$11,429,163$1,377,723$360,184$6,298,824
76$12,479,108$1,329,402$256,420$6,782,814
77$13,632,499$1,275,065$145,532$7,314,471
78$14,899,772$1,214,301$27,166$7,898,744
79$16,292,425$1,146,678$0$8,541,098
80$17,823,124$1,071,737$0$9,264,490
81$19,505,824$988,993$0$10,064,697
82$21,355,898$897,934$0$10,944,491
83$23,390,286$798,019$0$11,912,050
84$25,627,647$688,674$0$12,976,393
85$28,088,543$569,295$0$14,147,468
86$30,795,628$439,244$0$15,436,247
87$33,773,859$297,844$0$16,854,832
88$37,050,738$144,384$0$18,416,567
89$40,656,565$0$0$20,136,169
90$44,624,726$0$0$22,039,264
91$48,992,007$0$0$24,202,159
92$53,798,941$0$0$26,582,989
93$59,090,189$0$0$29,203,898
94$64,914,962$0$0$32,089,287
95$71,327,486$0$0$35,266,043
96$78,387,510$0$0$38,763,794
97$86,160,873$0$0$42,615,184
98$94,720,120$0$0$46,856,187
99$104,145,191$0$0$51,526,441
100$114,524,174$0$0$56,669,625