Can I retire at age 49 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$121,391$120,310$119,255$118,225$117,220$116,628
2 years$60,095$58,975$57,891$56,839$55,819$55,222
3 years$39,665$38,541$37,459$36,417$35,414$34,829
4 years$29,452$28,332$27,261$26,237$25,257$24,691
5 years$23,326$22,212$21,155$20,152$19,200$18,653
6 years$19,244$18,138$17,097$16,116$15,193$14,665
7 years$16,329$15,232$14,207$13,250$12,356$11,848
8 years$14,143$13,057$12,049$11,115$10,250$9,763
9 years$12,444$11,368$10,378$9,467$8,632$8,165
10 years$11,086$10,021$9,048$8,161$7,355$6,908
11 years$9,976$8,921$7,965$7,103$6,326$5,898
12 years$9,051$8,007$7,069$6,230$5,482$5,073
13 years$8,269$7,236$6,316$5,500$4,780$4,390
14 years$7,599$6,577$5,675$4,882$4,190$3,819
15 years$7,020$6,008$5,124$4,354$3,689$3,336
16 years$6,513$5,513$4,645$3,899$3,261$2,925
17 years$6,066$5,077$4,227$3,503$2,891$2,572
18 years$5,669$4,691$3,859$3,157$2,571$2,268
19 years$5,315$4,348$3,532$2,852$2,291$2,005
20 years$4,996$4,040$3,242$2,583$2,047$1,775
21 years$4,708$3,763$2,982$2,345$1,831$1,575
22 years$4,447$3,513$2,748$2,132$1,642$1,399
23 years$4,208$3,286$2,538$1,942$1,474$1,245
24 years$3,990$3,078$2,347$1,771$1,325$1,109
25 years$3,790$2,889$2,174$1,617$1,192$989
26 years$3,605$2,715$2,016$1,479$1,074$882
27 years$3,435$2,555$1,872$1,353$968$788
28 years$3,276$2,408$1,740$1,240$873$705
29 years$3,129$2,271$1,619$1,137$789$630
30 years$2,992$2,145$1,508$1,044$713$564
31 years$2,864$2,028$1,406$958$644$505
32 years$2,745$1,919$1,312$881$583$452
33 years$2,633$1,817$1,225$810$527$405
34 years$2,527$1,722$1,145$745$478$363
35 years$2,428$1,633$1,070$686$433$326
36 years$2,335$1,550$1,001$632$392$292
37 years$2,247$1,473$937$582$355$262
38 years$2,163$1,399$877$537$322$235
39 years$2,084$1,331$822$495$292$211
40 years$2,010$1,266$771$456$265$190
41 years$1,939$1,205$723$421$240$170
42 years$1,872$1,148$678$389$218$153
43 years$1,808$1,094$636$359$198$137
44 years$1,747$1,042$597$331$180$123
45 years$1,689$994$561$306$163$111
46 years$1,633$948$526$283$148$100
47 years$1,580$905$495$261$134$90
48 years$1,530$864$465$241$122$80
49 years$1,481$825$437$223$111$72
50 years$1,435$788$411$206$101$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,470,000, adding $5,333 every year, while hoping to spend $42,488 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: 49/43/8 Blend
48$1,470,000$1,470,000$1,470,000$1,470,000
49$1,625,441$1,547,531$1,524,746$1,701,411
50$1,746,029$1,578,153$1,530,618$1,784,563
51$1,877,493$1,608,852$1,535,263$1,869,887
52$2,020,898$1,639,586$1,538,594$1,961,570
53$2,177,414$1,670,310$1,540,522$2,060,216
54$2,348,333$1,700,978$1,540,952$2,166,492
55$2,535,073$1,731,536$1,539,784$2,281,134
56$2,739,197$1,761,928$1,536,914$2,404,952
57$2,962,427$1,792,095$1,532,233$2,538,838
58$3,206,658$1,821,970$1,525,625$2,683,777
59$3,473,974$1,851,484$1,516,971$2,840,855
60$3,766,675$1,880,562$1,506,145$3,011,267
61$4,087,289$1,909,123$1,493,014$3,196,333
62$4,438,603$1,937,080$1,477,440$3,397,506
63$4,823,684$1,964,341$1,459,279$3,616,390
64$5,245,913$1,990,807$1,438,378$3,854,752
65$5,709,011$2,016,371$1,414,578$4,114,541
66$6,217,078$2,040,921$1,387,714$4,397,907
67$6,774,628$2,064,334$1,357,610$4,707,217
68$7,386,636$2,086,482$1,324,086$5,045,086
69$8,058,580$2,107,227$1,286,950$5,414,392
70$8,796,495$2,126,421$1,246,003$5,818,313
71$9,607,029$2,143,908$1,201,036$6,260,351
72$10,497,507$2,159,520$1,151,831$6,744,366
73$11,475,996$2,173,080$1,098,161$7,274,618
74$12,551,385$2,184,398$1,039,787$7,855,800
75$13,733,466$2,193,274$976,460$8,493,088
76$15,033,028$2,199,492$907,919$9,192,191
77$16,461,955$2,202,825$833,892$9,959,401
78$18,033,343$2,203,032$754,096$10,801,658
79$19,761,618$2,199,855$668,233$11,726,610
80$21,662,678$2,193,023$575,993$12,742,694
81$23,754,035$2,182,245$477,053$13,859,209
82$26,054,985$2,167,214$371,073$15,086,409
83$28,586,791$2,147,605$257,702$16,435,598
84$31,372,879$2,123,072$136,569$17,919,240
85$34,439,059$2,093,250$7,291$19,551,077
86$37,813,774$2,057,750$0$21,346,258
87$41,528,360$2,016,161$0$23,332,639
88$45,617,349$1,968,048$0$25,518,869
89$50,118,786$1,912,950$0$27,924,660
90$55,074,597$1,850,379$0$30,572,432
91$60,530,977$1,779,819$0$33,486,897
92$66,538,828$1,700,722$0$36,695,293
93$73,154,242$1,612,511$0$40,227,648
94$80,439,025$1,514,574$0$44,117,060
95$88,461,281$1,406,264$0$48,400,013
96$97,296,059$1,286,897$0$53,116,721
97$107,026,052$1,155,751$0$58,311,514
98$117,742,388$1,012,061$0$64,033,252
99$129,545,480$855,021$0$70,335,793
100$142,545,978$683,776$0$77,278,500