Can I retire at age 49 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$123,869$122,765$121,689$120,638$119,612$117,341
2 years$61,321$60,179$59,072$57,999$56,958$54,679
3 years$40,475$39,328$38,224$37,161$36,137$33,920
4 years$30,053$28,910$27,817$26,772$25,773$23,637
5 years$23,802$22,666$21,587$20,564$19,592$17,542
6 years$19,636$18,508$17,446$16,445$15,503$13,541
7 years$16,662$15,543$14,497$13,520$12,608$10,735
8 years$14,432$13,323$12,295$11,342$10,459$8,675
9 years$12,698$11,600$10,590$9,661$8,808$7,111
10 years$11,312$10,225$9,232$8,328$7,505$5,893
11 years$10,179$9,103$8,128$7,247$6,455$4,927
12 years$9,236$8,170$7,213$6,357$5,593$4,147
13 years$8,438$7,384$6,445$5,612$4,878$3,510
14 years$7,754$6,711$5,791$4,982$4,276$2,985
15 years$7,163$6,131$5,228$4,443$3,765$2,548
16 years$6,646$5,625$4,740$3,978$3,327$2,182
17 years$6,190$5,181$4,313$3,574$2,950$1,874
18 years$5,785$4,787$3,937$3,221$2,623$1,613
19 years$5,423$4,437$3,605$2,911$2,338$1,391
20 years$5,098$4,123$3,308$2,636$2,088$1,201
21 years$4,804$3,840$3,043$2,393$1,869$1,039
22 years$4,537$3,585$2,804$2,175$1,675$899
23 years$4,294$3,353$2,589$1,981$1,504$780
24 years$4,072$3,141$2,395$1,807$1,352$676
25 years$3,867$2,948$2,218$1,650$1,216$587
26 years$3,679$2,770$2,057$1,509$1,096$510
27 years$3,505$2,607$1,910$1,381$988$444
28 years$3,343$2,457$1,776$1,265$891$386
29 years$3,193$2,318$1,652$1,160$805$336
30 years$3,053$2,189$1,539$1,065$727$292
31 years$2,923$2,069$1,435$978$657$254
32 years$2,801$1,958$1,339$899$595$222
33 years$2,686$1,854$1,250$827$538$193
34 years$2,579$1,757$1,168$761$487$168
35 years$2,478$1,667$1,092$700$441$147
36 years$2,382$1,582$1,022$645$400$128
37 years$2,292$1,503$956$594$362$111
38 years$2,207$1,428$895$548$329$97
39 years$2,127$1,358$839$505$298$85
40 years$2,051$1,292$786$466$270$74
41 years$1,978$1,230$737$430$245$64
42 years$1,910$1,171$692$397$222$56
43 years$1,844$1,116$649$366$202$49
44 years$1,782$1,064$609$338$183$43
45 years$1,723$1,014$572$312$166$37
46 years$1,666$968$537$288$151$33
47 years$1,613$923$505$266$137$28
48 years$1,561$882$474$246$125$25
49 years$1,512$842$446$227$113$22
50 years$1,465$804$419$210$103$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,500,000, adding $5,190 every year, while hoping to spend $47,591 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: 54/26/20 Blend
48$1,500,000$1,500,000$1,500,000$1,500,000
49$1,658,353$1,578,853$1,555,603$1,738,614
50$1,776,869$1,605,581$1,557,080$1,820,907
51$1,905,878$1,632,023$1,557,010$1,904,994
52$2,046,401$1,658,115$1,555,293$1,995,501
53$2,199,560$1,683,789$1,551,822$2,093,054
54$2,366,591$1,708,970$1,546,483$2,198,345
55$2,548,853$1,733,579$1,539,160$2,312,139
56$2,747,843$1,757,532$1,529,729$2,435,276
57$2,965,209$1,780,737$1,518,061$2,568,686
58$3,202,764$1,803,097$1,504,020$2,713,395
59$3,462,506$1,824,509$1,487,465$2,870,532
60$3,746,633$1,844,861$1,468,246$3,041,346
61$4,057,566$1,864,035$1,446,209$3,227,212
62$4,397,970$1,881,906$1,421,190$3,429,650
63$4,770,781$1,898,338$1,393,018$3,650,333
64$5,179,232$1,913,188$1,361,515$3,891,111
65$5,626,883$1,926,303$1,326,495$4,154,021
66$6,117,655$1,937,521$1,287,762$4,441,312
67$6,655,865$1,946,669$1,245,111$4,755,464
68$7,246,270$1,953,562$1,198,329$5,099,214
69$7,894,108$1,958,006$1,147,193$5,475,580
70$8,605,152$1,959,793$1,091,468$5,887,890
71$9,385,755$1,958,700$1,030,910$6,339,818
72$10,242,921$1,954,496$965,264$6,835,412
73$11,184,362$1,946,929$894,264$7,379,140
74$12,218,575$1,935,736$817,629$7,975,929
75$13,354,920$1,920,638$735,070$8,631,213
76$14,603,708$1,901,336$646,282$9,350,983
77$15,976,301$1,877,516$550,947$10,141,849
78$17,485,213$1,848,843$448,733$11,011,099
79$19,144,233$1,814,965$339,294$11,966,771
80$20,968,552$1,775,505$222,267$13,017,728
81$22,974,907$1,730,068$97,276$14,173,743
82$25,181,739$1,678,233$0$15,445,594
83$27,609,364$1,619,554$0$16,852,872
84$30,280,169$1,553,561$0$18,423,629
85$33,218,817$1,479,757$0$20,151,625
86$36,452,484$1,397,613$0$22,052,887
87$40,011,114$1,306,572$0$24,145,082
88$43,927,699$1,206,046$0$26,447,682
89$48,238,592$1,095,410$0$28,982,148
90$52,983,850$974,007$0$31,772,138
91$58,207,609$841,140$0$34,843,726
92$63,958,503$696,073$0$38,225,650
93$70,290,121$538,031$0$41,949,589
94$77,261,510$366,192$0$46,050,456
95$84,937,738$179,689$0$50,566,734
96$93,390,502$0$0$55,540,838
97$102,698,804$0$0$61,025,922
98$112,949,701$0$0$67,123,251
99$124,239,121$0$0$73,838,498
100$136,672,771$0$0$81,234,562