Can I retire at age 49 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$123,043$121,947$120,878$119,834$118,815$114,236
2 years$60,912$59,778$58,678$57,612$56,578$52,020
3 years$40,205$39,065$37,969$36,913$35,896$31,501
4 years$29,853$28,717$27,632$26,594$25,601$21,404
5 years$23,644$22,515$21,443$20,426$19,462$15,472
6 years$19,505$18,385$17,329$16,335$15,399$11,621
7 years$16,551$15,440$14,401$13,430$12,524$8,955
8 years$14,336$13,235$12,213$11,266$10,390$7,027
9 years$12,614$11,523$10,519$9,596$8,750$5,588
10 years$11,237$10,157$9,171$8,272$7,455$4,488
11 years$10,111$9,042$8,074$7,199$6,412$3,634
12 years$9,174$8,116$7,165$6,315$5,556$2,959
13 years$8,381$7,334$6,402$5,575$4,845$2,422
14 years$7,703$6,667$5,752$4,949$4,247$1,990
15 years$7,115$6,090$5,193$4,413$3,740$1,640
16 years$6,601$5,588$4,708$3,952$3,305$1,355
17 years$6,148$5,146$4,284$3,551$2,930$1,122
18 years$5,746$4,755$3,911$3,200$2,606$930
19 years$5,387$4,407$3,580$2,891$2,322$772
20 years$5,064$4,095$3,286$2,619$2,074$642
21 years$4,772$3,815$3,022$2,377$1,856$535
22 years$4,507$3,561$2,786$2,161$1,664$445
23 years$4,266$3,330$2,572$1,968$1,494$371
24 years$4,045$3,120$2,379$1,795$1,343$309
25 years$3,841$2,928$2,203$1,639$1,208$258
26 years$3,654$2,752$2,043$1,499$1,088$215
27 years$3,481$2,590$1,897$1,372$981$180
28 years$3,321$2,441$1,764$1,257$885$150
29 years$3,172$2,302$1,641$1,153$799$125
30 years$3,033$2,174$1,529$1,058$722$105
31 years$2,903$2,055$1,425$972$653$88
32 years$2,782$1,945$1,330$893$591$73
33 years$2,668$1,842$1,242$821$535$61
34 years$2,562$1,746$1,160$755$484$51
35 years$2,461$1,656$1,085$695$438$43
36 years$2,366$1,572$1,015$640$397$36
37 years$2,277$1,493$950$590$360$30
38 years$2,193$1,418$889$544$326$25
39 years$2,113$1,349$833$502$296$21
40 years$2,037$1,283$781$463$268$17
41 years$1,965$1,222$732$427$244$15
42 years$1,897$1,163$687$394$221$12
43 years$1,832$1,108$645$364$201$10
44 years$1,770$1,057$605$336$182$9
45 years$1,711$1,008$568$310$165$7
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$3
50 years$1,455$799$416$209$102$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,490,000, adding $5,449 every year, while hoping to spend $45,611 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: 56/39/5 Blend
48$1,490,000$1,490,000$1,490,000$1,490,000
49$1,647,601$1,568,631$1,545,536$1,737,937
50$1,767,126$1,596,964$1,548,781$1,827,677
51$1,897,315$1,625,157$1,550,607$1,919,766
52$2,039,205$1,653,154$1,550,917$2,018,923
53$2,193,943$1,680,897$1,549,611$2,125,823
54$2,362,785$1,708,321$1,546,584$2,241,213
55$2,547,119$1,735,359$1,541,724$2,365,914
56$2,748,470$1,761,936$1,534,916$2,500,832
57$2,968,517$1,787,974$1,526,040$2,646,965
58$3,209,110$1,813,389$1,514,966$2,805,413
59$3,472,284$1,838,090$1,501,562$2,977,388
60$3,760,281$1,861,981$1,485,689$3,164,228
61$4,075,570$1,884,957$1,467,199$3,367,406
62$4,420,867$1,906,909$1,445,939$3,588,545
63$4,799,167$1,927,719$1,421,749$3,829,438
64$5,213,765$1,947,261$1,394,461$4,092,058
65$5,668,293$1,965,400$1,363,900$4,378,582
66$6,166,748$1,981,994$1,329,880$4,691,409
67$6,713,535$1,996,891$1,292,209$5,033,185
68$7,313,504$2,009,927$1,250,687$5,406,828
69$7,971,999$2,020,930$1,205,102$5,815,552
70$8,694,904$2,029,717$1,155,234$6,262,904
71$9,488,703$2,036,092$1,100,853$6,752,792
72$10,360,538$2,039,848$1,041,719$7,289,528
73$11,318,275$2,040,763$977,578$7,877,862
74$12,370,581$2,038,603$908,170$8,523,034
75$13,527,005$2,033,119$833,218$9,230,821
76$14,798,065$2,024,047$752,437$10,007,590
77$16,195,350$2,011,107$665,525$10,860,364
78$17,731,625$1,994,001$572,170$11,796,883
79$19,420,957$1,972,413$472,044$12,825,682
80$21,278,844$1,946,011$364,806$13,956,170
81$23,322,359$1,914,438$250,100$15,198,722
82$25,570,315$1,877,320$127,554$16,564,774
83$28,043,437$1,834,260$0$18,066,934
84$30,764,564$1,784,835$0$19,719,276
85$33,758,858$1,728,600$0$21,544,223
86$37,054,044$1,665,084$0$23,551,882
87$40,680,670$1,593,786$0$25,760,899
88$44,672,396$1,514,179$0$28,191,831
89$49,066,310$1,425,704$0$30,867,338
90$53,903,279$1,327,769$0$33,812,396
91$59,228,334$1,219,750$0$37,054,541
92$65,091,092$1,100,986$0$40,624,122
93$71,546,228$970,778$0$44,554,593
94$78,653,986$828,390$0$48,882,833
95$86,480,753$673,041$0$53,649,489
96$95,099,677$503,907$0$58,899,368
97$104,591,365$320,120$0$64,681,856
98$115,044,639$120,760$0$71,051,392
99$126,557,372$0$0$78,067,980
100$139,237,417$0$0$85,838,589