Can I retire at age 49 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$118,914$117,855$116,821$115,813$114,828$110,359
2 years$58,868$57,772$56,709$55,679$54,680$50,232
3 years$38,856$37,755$36,695$35,674$34,691$30,403
4 years$28,851$27,754$26,704$25,701$24,742$20,648
5 years$22,850$21,759$20,724$19,741$18,808$14,918
6 years$18,851$17,768$16,748$15,787$14,883$11,198
7 years$15,995$14,922$13,917$12,979$12,103$8,624
8 years$13,855$12,791$11,803$10,888$10,041$6,763
9 years$12,191$11,136$10,166$9,274$8,456$5,375
10 years$10,860$9,816$8,863$7,994$7,205$4,315
11 years$9,772$8,739$7,803$6,958$6,196$3,491
12 years$8,866$7,843$6,925$6,103$5,370$2,841
13 years$8,100$7,088$6,187$5,388$4,683$2,324
14 years$7,444$6,443$5,559$4,783$4,105$1,908
15 years$6,876$5,886$5,019$4,265$3,614$1,571
16 years$6,380$5,400$4,550$3,819$3,194$1,297
17 years$5,942$4,973$4,141$3,431$2,832$1,073
18 years$5,554$4,596$3,780$3,092$2,518$889
19 years$5,206$4,259$3,460$2,794$2,245$738
20 years$4,894$3,958$3,176$2,531$2,005$613
21 years$4,612$3,687$2,921$2,297$1,794$510
22 years$4,356$3,441$2,692$2,088$1,608$424
23 years$4,123$3,218$2,486$1,902$1,444$353
24 years$3,909$3,016$2,299$1,735$1,298$294
25 years$3,713$2,830$2,129$1,584$1,168$245
26 years$3,532$2,660$1,975$1,448$1,052$205
27 years$3,364$2,503$1,834$1,326$948$171
28 years$3,209$2,359$1,705$1,215$856$142
29 years$3,065$2,225$1,586$1,114$773$119
30 years$2,931$2,101$1,478$1,022$698$99
31 years$2,806$1,986$1,378$939$631$83
32 years$2,689$1,880$1,285$863$571$69
33 years$2,579$1,780$1,200$794$517$58
34 years$2,476$1,687$1,121$730$468$48
35 years$2,379$1,600$1,048$672$424$40
36 years$2,287$1,519$981$619$384$34
37 years$2,201$1,442$918$570$348$28
38 years$2,119$1,371$860$526$315$23
39 years$2,042$1,304$805$485$286$20
40 years$1,969$1,240$755$447$259$16
41 years$1,899$1,181$708$412$235$14
42 years$1,833$1,124$664$381$214$11
43 years$1,771$1,071$623$351$194$10
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$7
46 years$1,600$929$516$277$145$6
47 years$1,548$886$485$256$132$5
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,440,000, adding $2,795 every year, while hoping to spend $22,978 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: 65/12/23 Blend
48$1,440,000$1,440,000$1,440,000$1,440,000
49$1,589,763$1,513,443$1,491,123$1,683,477
50$1,727,470$1,563,153$1,516,627$1,796,620
51$1,878,454$1,614,529$1,542,216$1,917,380
52$2,044,043$1,667,628$1,567,867$2,048,837
53$2,225,703$1,722,510$1,593,558$2,192,041
54$2,425,048$1,779,235$1,619,265$2,348,150
55$2,643,853$1,837,868$1,644,961$2,518,439
56$2,884,077$1,898,475$1,670,618$2,704,312
57$3,147,877$1,961,124$1,696,208$2,907,314
58$3,437,627$2,025,886$1,721,698$3,129,150
59$3,755,945$2,092,834$1,747,054$3,371,695
60$4,105,713$2,162,045$1,772,242$3,637,015
61$4,490,107$2,233,597$1,797,224$3,927,385
62$4,912,627$2,307,571$1,821,959$4,245,314
63$5,377,126$2,384,053$1,846,406$4,593,562
64$5,887,851$2,463,130$1,870,519$4,975,173
65$6,449,481$2,544,893$1,894,251$5,393,497
66$7,067,171$2,629,436$1,917,552$5,852,228
67$7,746,601$2,716,857$1,940,368$6,355,433
68$8,494,028$2,807,257$1,962,644$6,907,593
69$9,316,347$2,900,740$1,984,320$7,513,648
70$10,221,153$2,997,415$2,005,334$8,179,036
71$11,216,819$3,097,396$2,025,620$8,909,753
72$12,312,564$3,200,799$2,045,109$9,712,403
73$13,518,552$3,307,745$2,063,726$10,594,262
74$14,845,980$3,418,359$2,081,396$11,563,348
75$16,307,183$3,532,772$2,098,037$12,628,496
76$17,915,758$3,651,120$2,113,563$13,799,439
77$19,686,682$3,773,541$2,127,884$15,086,904
78$21,636,461$3,900,182$2,140,905$16,502,710
79$23,783,282$4,031,194$2,152,528$18,059,879
80$26,147,186$4,166,731$2,162,647$19,772,761
81$28,750,255$4,306,957$2,171,152$21,657,169
82$31,616,824$4,452,041$2,177,928$23,730,527
83$34,773,704$4,602,155$2,182,853$26,012,034
84$38,250,443$4,757,482$2,185,800$28,522,846
85$42,079,599$4,918,210$2,186,635$31,286,278
86$46,297,049$5,084,532$2,185,218$34,328,019
87$50,942,327$5,256,653$2,181,401$37,676,379
88$56,058,996$5,434,781$2,175,030$41,362,551
89$61,695,063$5,619,135$2,165,943$45,420,913
90$67,903,428$5,809,941$2,153,970$49,889,343
91$74,742,383$6,007,433$2,138,934$54,809,586
92$82,276,165$6,211,857$2,120,647$60,227,639
93$90,575,560$6,423,463$2,098,914$66,194,193
94$99,718,570$6,642,516$2,073,531$72,765,105
95$109,791,153$6,869,288$2,044,284$80,001,931
96$120,888,030$7,104,063$2,010,947$87,972,501
97$133,113,581$7,347,134$1,973,285$96,751,566
98$146,582,830$7,598,807$1,931,054$106,421,495
99$161,422,530$7,859,400$1,883,996$117,073,062
100$177,772,359$8,129,242$1,831,841$128,806,296