Can I retire at age 49 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$117,262$116,218$115,199$114,204$113,233$111,911
2 years$58,051$56,969$55,922$54,906$53,920$52,590
3 years$38,316$37,230$36,185$35,179$34,209$32,911
4 years$28,451$27,368$26,333$25,344$24,398$23,143
5 years$22,533$21,457$20,436$19,467$18,547$17,338
6 years$18,589$17,521$16,515$15,568$14,676$13,515
7 years$15,773$14,714$13,724$12,799$11,935$10,822
8 years$13,662$12,613$11,639$10,737$9,902$8,837
9 years$12,021$10,982$10,025$9,145$8,339$7,321
10 years$10,709$9,680$8,740$7,883$7,105$6,135
11 years$9,636$8,617$7,694$6,861$6,110$5,187
12 years$8,743$7,735$6,829$6,018$5,295$4,417
13 years$7,988$6,990$6,101$5,313$4,617$3,783
14 years$7,341$6,354$5,482$4,716$4,048$3,256
15 years$6,781$5,804$4,949$4,206$3,564$2,814
16 years$6,291$5,325$4,487$3,766$3,150$2,440
17 years$5,860$4,904$4,083$3,384$2,793$2,122
18 years$5,476$4,532$3,727$3,049$2,483$1,850
19 years$5,134$4,200$3,412$2,755$2,213$1,617
20 years$4,826$3,903$3,132$2,496$1,977$1,415
21 years$4,548$3,635$2,880$2,265$1,769$1,241
22 years$4,295$3,393$2,655$2,059$1,586$1,089
23 years$4,065$3,174$2,451$1,875$1,424$957
24 years$3,855$2,974$2,267$1,711$1,280$842
25 years$3,661$2,791$2,100$1,562$1,151$742
26 years$3,483$2,623$1,947$1,428$1,037$654
27 years$3,318$2,468$1,808$1,307$935$577
28 years$3,165$2,326$1,681$1,198$844$509
29 years$3,023$2,194$1,564$1,098$762$449
30 years$2,891$2,072$1,457$1,008$688$397
31 years$2,767$1,959$1,358$926$622$351
32 years$2,651$1,854$1,267$851$563$310
33 years$2,543$1,755$1,183$782$509$274
34 years$2,441$1,664$1,106$720$461$243
35 years$2,346$1,578$1,034$663$418$215
36 years$2,255$1,498$967$610$379$190
37 years$2,170$1,422$905$562$343$168
38 years$2,090$1,352$848$518$311$149
39 years$2,014$1,285$794$478$282$132
40 years$1,941$1,223$744$441$256$117
41 years$1,873$1,164$698$407$232$103
42 years$1,808$1,109$655$375$211$92
43 years$1,746$1,056$614$347$191$81
44 years$1,687$1,007$577$320$173$72
45 years$1,631$960$541$295$158$64
46 years$1,578$916$509$273$143$56
47 years$1,527$874$478$252$130$50
48 years$1,478$835$449$233$118$44
49 years$1,431$797$422$215$107$39
50 years$1,386$761$397$199$97$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,420,000, adding $6,073 every year, while hoping to spend $37,270 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: 58/14/28 Blend
48$1,420,000$1,420,000$1,420,000$1,420,000
49$1,571,104$1,495,844$1,473,834$1,649,893
50$1,691,702$1,529,486$1,483,553$1,738,189
51$1,823,351$1,563,526$1,492,348$1,829,973
52$1,967,141$1,597,947$1,500,149$1,929,286
53$2,124,267$1,632,724$1,506,882$2,036,872
54$2,296,050$1,667,835$1,512,470$2,153,545
55$2,483,940$1,703,252$1,516,831$2,280,207
56$2,689,537$1,738,946$1,519,879$2,417,850
57$2,914,600$1,774,885$1,521,525$2,567,569
58$3,161,067$1,811,032$1,521,675$2,730,570
59$3,431,073$1,847,350$1,520,228$2,908,182
60$3,726,968$1,883,796$1,517,081$3,101,873
61$4,051,341$1,920,324$1,512,126$3,313,259
62$4,407,043$1,956,885$1,505,247$3,544,121
63$4,797,215$1,993,426$1,496,326$3,796,424
64$5,225,315$2,029,888$1,485,237$4,072,335
65$5,695,152$2,066,207$1,471,848$4,374,241
66$6,210,924$2,102,318$1,456,021$4,704,775
67$6,777,253$2,138,146$1,437,612$5,066,839
68$7,399,231$2,173,614$1,416,471$5,463,633
69$8,082,468$2,208,636$1,392,438$5,898,684
70$8,833,143$2,243,123$1,365,348$6,375,881
71$9,658,064$2,276,976$1,335,028$6,899,510
72$10,564,732$2,310,093$1,301,296$7,474,299
73$11,561,408$2,342,361$1,263,963$8,105,456
74$12,657,196$2,373,661$1,222,830$8,798,726
75$13,862,125$2,403,866$1,177,690$9,560,440
76$15,187,244$2,432,838$1,128,325$10,397,577
77$16,644,728$2,460,432$1,074,509$11,317,833
78$18,247,990$2,486,492$1,016,004$12,329,688
79$20,011,807$2,510,852$952,563$13,442,493
80$21,952,463$2,533,336$883,925$14,666,553
81$24,087,898$2,553,753$809,821$16,013,232
82$26,437,881$2,571,905$729,967$17,495,051
83$29,024,193$2,587,576$644,069$19,125,816
84$31,870,832$2,600,538$551,816$20,920,743
85$35,004,242$2,610,550$452,888$22,896,607
86$38,453,562$2,617,354$346,947$25,071,895
87$42,250,897$2,620,677$233,642$27,466,987
88$46,431,626$2,620,227$112,606$30,104,346
89$51,034,729$2,615,695$0$33,008,733
90$56,103,162$2,606,755$0$36,212,387
91$61,684,257$2,593,058$0$39,776,663
92$67,830,167$2,574,234$0$43,701,166
93$74,598,366$2,549,893$0$48,022,569
94$82,052,180$2,519,619$0$52,781,289
95$90,261,395$2,482,973$0$58,021,862
96$99,302,905$2,439,487$0$63,793,369
97$109,261,448$2,388,668$0$70,149,895
98$120,230,396$2,329,993$0$77,151,042
99$132,312,641$2,262,907$0$84,862,493
100$145,621,566$2,186,825$0$93,356,630