Can I retire at age 49 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$122,217$121,128$120,066$119,030$118,017$114,103
2 years$60,503$59,377$58,285$57,226$56,199$52,293
3 years$39,935$38,803$37,714$36,665$35,655$31,880
4 years$29,653$28,525$27,446$26,415$25,429$21,815
5 years$23,485$22,364$21,299$20,289$19,331$15,886
6 years$19,375$18,262$17,213$16,226$15,296$12,024
7 years$16,440$15,336$14,304$13,340$12,440$9,340
8 years$14,239$13,146$12,131$11,191$10,320$7,390
9 years$12,529$11,446$10,448$9,532$8,691$5,927
10 years$11,162$10,089$9,109$8,217$7,405$4,804
11 years$10,044$8,982$8,020$7,151$6,369$3,924
12 years$9,112$8,061$7,117$6,272$5,519$3,226
13 years$8,325$7,285$6,359$5,537$4,813$2,666
14 years$7,651$6,622$5,713$4,916$4,219$2,211
15 years$7,067$6,049$5,158$4,384$3,714$1,841
16 years$6,557$5,550$4,677$3,925$3,283$1,536
17 years$6,107$5,111$4,256$3,527$2,911$1,285
18 years$5,708$4,723$3,885$3,178$2,588$1,077
19 years$5,351$4,377$3,556$2,872$2,307$904
20 years$5,030$4,068$3,264$2,601$2,061$760
21 years$4,740$3,789$3,002$2,361$1,844$639
22 years$4,477$3,537$2,767$2,146$1,653$538
23 years$4,237$3,308$2,555$1,955$1,484$453
24 years$4,017$3,099$2,363$1,783$1,334$382
25 years$3,816$2,909$2,188$1,628$1,200$323
26 years$3,630$2,734$2,030$1,489$1,081$272
27 years$3,458$2,573$1,885$1,363$975$230
28 years$3,299$2,424$1,752$1,248$879$194
29 years$3,151$2,287$1,630$1,145$794$164
30 years$3,013$2,160$1,519$1,051$717$139
31 years$2,884$2,042$1,416$965$649$117
32 years$2,763$1,932$1,321$887$587$99
33 years$2,650$1,829$1,233$816$531$84
34 years$2,544$1,734$1,152$750$481$71
35 years$2,445$1,645$1,077$691$435$60
36 years$2,351$1,561$1,008$636$395$51
37 years$2,262$1,483$943$586$358$43
38 years$2,178$1,409$883$540$324$36
39 years$2,099$1,340$828$498$294$31
40 years$2,023$1,275$776$459$267$26
41 years$1,952$1,213$727$424$242$22
42 years$1,884$1,156$682$391$220$19
43 years$1,820$1,101$640$361$199$16
44 years$1,758$1,050$601$333$181$13
45 years$1,700$1,001$564$308$164$11
46 years$1,644$955$530$284$149$9
47 years$1,591$911$498$263$135$8
48 years$1,540$870$468$243$123$7
49 years$1,492$831$440$224$112$6
50 years$1,445$793$414$207$101$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,480,000, adding $4,586 every year, while hoping to spend $39,172 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: 70/11/19 Blend
48$1,480,000$1,480,000$1,480,000$1,480,000
49$1,635,690$1,557,250$1,534,310$1,742,354
50$1,760,852$1,591,877$1,544,031$1,848,668
51$1,897,468$1,626,887$1,552,765$1,959,917
52$2,046,663$1,662,259$1,560,436$2,080,707
53$2,209,680$1,697,967$1,566,968$2,211,977
54$2,387,884$1,733,984$1,572,278$2,354,762
55$2,582,778$1,770,279$1,576,280$2,510,201
56$2,796,019$1,806,820$1,578,882$2,679,550
57$3,029,428$1,843,570$1,579,990$2,864,191
58$3,285,014$1,880,489$1,579,504$3,065,651
59$3,564,988$1,917,535$1,577,319$3,285,608
60$3,871,783$1,954,660$1,573,326$3,525,914
61$4,208,081$1,991,814$1,567,408$3,788,608
62$4,576,834$2,028,943$1,559,446$4,075,938
63$4,981,296$2,065,985$1,549,312$4,390,383
64$5,425,047$2,102,878$1,536,873$4,734,671
65$5,912,035$2,139,552$1,521,991$5,111,811
66$6,446,605$2,175,933$1,504,520$5,525,120
67$7,033,545$2,211,939$1,484,308$5,978,250
68$7,678,128$2,247,486$1,461,194$6,475,229
69$8,386,164$2,282,480$1,435,011$7,020,496
70$9,164,053$2,316,822$1,405,584$7,618,941
71$10,018,846$2,350,405$1,372,731$8,275,955
72$10,958,310$2,383,116$1,336,258$8,997,479
73$11,991,001$2,414,833$1,295,967$9,790,061
74$13,126,347$2,445,424$1,251,646$10,660,917
75$14,374,735$2,474,751$1,203,077$11,618,000
76$15,747,608$2,502,663$1,150,030$12,670,076
77$17,257,574$2,529,003$1,092,265$13,826,804
78$18,918,523$2,553,601$1,029,532$15,098,832
79$20,745,760$2,576,275$961,569$16,497,894
80$22,756,148$2,596,833$888,102$18,036,921
81$24,968,266$2,615,069$808,845$19,730,167
82$27,402,587$2,630,765$723,499$21,593,340
83$30,081,667$2,643,689$631,752$23,643,752
84$33,030,359$2,653,592$533,278$25,900,483
85$36,276,050$2,660,211$427,737$28,384,561
86$39,848,913$2,663,268$314,773$31,119,161
87$43,782,199$2,662,465$194,014$34,129,826
88$48,112,544$2,657,486$65,074$37,444,704
89$52,880,317$2,647,997$0$41,094,819
90$58,130,003$2,633,643$0$45,129,066
91$63,910,618$2,614,045$0$49,585,457
92$70,276,173$2,588,805$0$54,492,404
93$77,286,184$2,557,499$0$59,895,767
94$85,006,235$2,519,676$0$65,846,086
95$93,508,592$2,474,861$0$72,399,051
96$102,872,889$2,422,550$0$79,616,033
97$113,186,876$2,362,207$0$87,564,661
98$124,547,250$2,293,268$0$96,319,460
99$137,060,564$2,215,133$0$105,962,556
100$150,844,236$2,127,169$0$116,584,451