Can I retire at age 49 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$120,565$119,492$118,444$117,421$116,422$112,516
2 years$59,686$58,574$57,497$56,452$55,439$51,542
3 years$39,395$38,279$37,204$36,170$35,173$31,407
4 years$29,252$28,139$27,075$26,058$25,086$21,480
5 years$23,168$22,061$21,011$20,015$19,070$15,634
6 years$19,113$18,015$16,980$16,006$15,089$11,827
7 years$16,217$15,129$14,111$13,160$12,272$9,181
8 years$14,047$12,968$11,967$11,039$10,180$7,260
9 years$12,360$11,291$10,307$9,403$8,573$5,820
10 years$11,011$9,953$8,986$8,106$7,305$4,713
11 years$9,908$8,860$7,911$7,054$6,283$3,848
12 years$8,989$7,952$7,021$6,188$5,444$3,161
13 years$8,213$7,187$6,273$5,463$4,748$2,610
14 years$7,548$6,532$5,636$4,849$4,162$2,164
15 years$6,972$5,968$5,089$4,325$3,664$1,800
16 years$6,468$5,475$4,614$3,872$3,238$1,501
17 years$6,025$5,042$4,198$3,479$2,871$1,255
18 years$5,631$4,659$3,832$3,135$2,553$1,051
19 years$5,279$4,318$3,508$2,833$2,276$881
20 years$4,962$4,013$3,220$2,566$2,033$740
21 years$4,676$3,738$2,962$2,329$1,819$622
22 years$4,416$3,489$2,730$2,117$1,631$523
23 years$4,180$3,263$2,520$1,928$1,464$441
24 years$3,963$3,057$2,331$1,759$1,316$371
25 years$3,764$2,869$2,159$1,606$1,184$313
26 years$3,581$2,697$2,002$1,469$1,066$264
27 years$3,411$2,538$1,859$1,344$961$223
28 years$3,254$2,391$1,728$1,232$867$188
29 years$3,108$2,256$1,608$1,129$783$159
30 years$2,972$2,131$1,498$1,037$708$134
31 years$2,845$2,014$1,397$952$640$113
32 years$2,726$1,906$1,303$875$579$96
33 years$2,615$1,805$1,217$805$524$81
34 years$2,510$1,710$1,137$740$474$68
35 years$2,412$1,622$1,063$681$430$58
36 years$2,319$1,540$994$628$389$49
37 years$2,231$1,463$931$578$353$41
38 years$2,149$1,390$872$533$320$35
39 years$2,070$1,322$817$491$290$29
40 years$1,996$1,257$765$453$263$25
41 years$1,926$1,197$718$418$239$21
42 years$1,859$1,140$673$386$217$18
43 years$1,795$1,086$632$356$197$15
44 years$1,735$1,035$593$329$178$13
45 years$1,677$987$557$304$162$11
46 years$1,622$942$523$281$147$9
47 years$1,570$899$491$259$134$8
48 years$1,519$858$462$240$121$6
49 years$1,471$819$434$221$110$5
50 years$1,425$783$408$205$100$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,460,000, adding $3,903 every year, while hoping to spend $28,105 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: 56/34/10 Blend
48$1,460,000$1,460,000$1,460,000$1,460,000
49$1,612,946$1,535,566$1,512,936$1,699,108
50$1,747,563$1,580,905$1,533,716$1,803,118
51$1,894,969$1,627,524$1,554,250$1,912,907
52$2,056,439$1,675,456$1,574,500$2,031,816
53$2,233,376$1,724,734$1,594,427$2,160,720
54$2,427,327$1,775,392$1,613,987$2,300,580
55$2,639,995$1,827,467$1,633,136$2,452,456
56$2,873,255$1,880,994$1,651,826$2,617,513
57$3,129,173$1,936,008$1,670,008$2,797,033
58$3,410,024$1,992,548$1,687,629$2,992,429
59$3,718,315$2,050,651$1,704,633$3,205,255
60$4,056,806$2,110,356$1,720,961$3,437,222
61$4,428,539$2,171,702$1,736,552$3,690,216
62$4,836,864$2,234,729$1,751,340$3,966,311
63$5,285,471$2,299,478$1,765,257$4,267,793
64$5,778,426$2,365,990$1,778,231$4,597,177
65$6,320,209$2,434,307$1,790,185$4,957,235
66$6,915,753$2,504,471$1,801,039$5,351,020
67$7,570,496$2,576,526$1,810,710$5,781,893
68$8,290,427$2,650,516$1,819,109$6,253,557
69$9,082,145$2,726,485$1,826,143$6,770,091
70$9,952,919$2,804,479$1,831,715$7,335,987
71$10,910,761$2,884,543$1,835,721$7,956,196
72$11,964,497$2,966,723$1,838,056$8,636,168
73$13,123,849$3,051,066$1,838,605$9,381,910
74$14,399,534$3,137,620$1,837,250$10,200,039
75$15,803,355$3,226,433$1,833,866$11,097,844
76$17,348,321$3,317,552$1,828,325$12,083,357
77$19,048,764$3,411,025$1,820,487$13,165,425
78$20,920,475$3,506,903$1,810,211$14,353,797
79$22,980,856$3,605,234$1,797,346$15,659,214
80$25,249,081$3,706,068$1,781,734$17,093,510
81$27,746,276$3,809,454$1,763,211$18,669,722
82$30,495,722$3,915,443$1,741,604$20,402,219
83$33,523,069$4,024,084$1,716,732$22,306,829
84$36,856,585$4,135,426$1,688,405$24,400,994
85$40,527,415$4,249,521$1,656,426$26,703,934
86$44,569,882$4,366,417$1,620,586$29,236,824
87$49,021,802$4,486,165$1,580,668$32,022,999
88$53,924,852$4,608,812$1,536,446$35,088,170
89$59,324,951$4,734,408$1,487,681$38,460,671
90$65,272,703$4,863,001$1,434,126$42,171,720
91$71,823,869$4,994,639$1,375,519$46,255,719
92$79,039,894$5,129,366$1,311,589$50,750,577
93$86,988,488$5,267,231$1,242,053$55,698,065
94$95,744,265$5,408,276$1,166,613$61,144,214
95$105,389,444$5,552,545$1,084,958$67,139,747
96$116,014,628$5,700,080$996,765$73,740,559
97$127,719,657$5,850,922$901,694$81,008,243
98$140,614,553$6,005,108$799,392$89,010,673
99$154,820,555$6,162,676$689,488$97,822,642
100$170,471,263$6,323,658$571,598$107,526,571