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%13%
1 years$123,869$122,765$121,689$120,638$119,612$118,117
2 years$61,321$60,179$59,072$57,999$56,958$55,454
3 years$40,475$39,328$38,224$37,161$36,137$34,670
4 years$30,053$28,910$27,817$26,772$25,773$24,355
5 years$23,802$22,666$21,587$20,564$19,592$18,227
6 years$19,636$18,508$17,446$16,445$15,503$14,192
7 years$16,662$15,543$14,497$13,520$12,608$11,352
8 years$14,432$13,323$12,295$11,342$10,459$9,259
9 years$12,698$11,600$10,590$9,661$8,808$7,662
10 years$11,312$10,225$9,232$8,328$7,505$6,413
11 years$10,179$9,103$8,128$7,247$6,455$5,415
12 years$9,236$8,170$7,213$6,357$5,593$4,605
13 years$8,438$7,384$6,445$5,612$4,878$3,939
14 years$7,754$6,711$5,791$4,982$4,276$3,386
15 years$7,163$6,131$5,228$4,443$3,765$2,922
16 years$6,646$5,625$4,740$3,978$3,327$2,531
17 years$6,190$5,181$4,313$3,574$2,950$2,198
18 years$5,785$4,787$3,937$3,221$2,623$1,914
19 years$5,423$4,437$3,605$2,911$2,338$1,670
20 years$5,098$4,123$3,308$2,636$2,088$1,459
21 years$4,804$3,840$3,043$2,393$1,869$1,277
22 years$4,537$3,585$2,804$2,175$1,675$1,120
23 years$4,294$3,353$2,589$1,981$1,504$983
24 years$4,072$3,141$2,395$1,807$1,352$863
25 years$3,867$2,948$2,218$1,650$1,216$759
26 years$3,679$2,770$2,057$1,509$1,096$668
27 years$3,505$2,607$1,910$1,381$988$588
28 years$3,343$2,457$1,776$1,265$891$518
29 years$3,193$2,318$1,652$1,160$805$457
30 years$3,053$2,189$1,539$1,065$727$403
31 years$2,923$2,069$1,435$978$657$355
32 years$2,801$1,958$1,339$899$595$314
33 years$2,686$1,854$1,250$827$538$277
34 years$2,579$1,757$1,168$761$487$245
35 years$2,478$1,667$1,092$700$441$216
36 years$2,382$1,582$1,022$645$400$191
37 years$2,292$1,503$956$594$362$169
38 years$2,207$1,428$895$548$329$149
39 years$2,127$1,358$839$505$298$132
40 years$2,051$1,292$786$466$270$117
41 years$1,978$1,230$737$430$245$103
42 years$1,910$1,171$692$397$222$91
43 years$1,844$1,116$649$366$202$81
44 years$1,782$1,064$609$338$183$71
45 years$1,723$1,014$572$312$166$63
46 years$1,666$968$537$288$151$56
47 years$1,613$923$505$266$137$49
48 years$1,561$882$474$246$125$44
49 years$1,512$842$446$227$113$39
50 years$1,465$804$419$210$103$34

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 $6,669 every year, while hoping to spend $36,446 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: 34/44/22 Blend
48$1,500,000$1,500,000$1,500,000$1,500,000
49$1,659,879$1,580,379$1,557,129$1,704,970
50$1,790,408$1,619,039$1,570,515$1,777,669
51$1,933,030$1,658,373$1,583,127$1,852,206
52$2,088,940$1,698,373$1,594,902$1,931,842
53$2,259,452$1,739,034$1,605,772$2,017,052
54$2,446,016$1,780,346$1,615,665$2,108,356
55$2,650,227$1,822,300$1,624,507$2,206,333
56$2,873,841$1,864,884$1,632,219$2,311,615
57$3,118,792$1,908,082$1,638,717$2,424,903
58$3,387,210$1,951,880$1,643,916$2,546,968
59$3,681,442$1,996,258$1,647,723$2,678,659
60$4,004,070$2,041,196$1,650,043$2,820,914
61$4,357,941$2,086,671$1,650,775$2,974,763
62$4,746,188$2,132,655$1,649,814$3,141,347
63$5,172,265$2,179,120$1,647,048$3,321,920
64$5,639,973$2,226,034$1,642,361$3,517,865
65$6,153,501$2,273,361$1,635,632$3,730,708
66$6,717,465$2,321,063$1,626,732$3,962,131
67$7,336,946$2,369,095$1,615,527$4,213,988
68$8,017,545$2,417,411$1,601,878$4,488,324
69$8,765,431$2,465,960$1,585,636$4,787,393
70$9,587,398$2,514,685$1,566,649$5,113,680
71$10,490,935$2,563,527$1,544,754$5,469,927
72$11,484,290$2,612,420$1,519,783$5,859,155
73$12,576,551$2,661,291$1,491,558$6,284,697
74$13,777,729$2,710,064$1,459,896$6,750,226
75$15,098,856$2,758,656$1,424,601$7,259,792
76$16,552,085$2,806,976$1,385,471$7,817,863
77$18,150,809$2,854,929$1,342,295$8,429,362
78$19,909,779$2,902,408$1,294,850$9,099,720
79$21,845,254$2,949,304$1,242,905$9,834,923
80$23,975,145$2,995,494$1,186,217$10,641,572
81$26,319,187$3,040,851$1,124,532$11,526,945
82$28,899,127$3,085,235$1,057,587$12,499,064
83$31,738,925$3,128,499$985,103$13,566,778
84$34,864,983$3,170,484$906,792$14,739,838
85$38,306,393$3,211,019$822,351$16,028,999
86$42,095,210$3,249,924$731,465$17,446,115
87$46,266,755$3,287,004$633,803$19,004,256
88$50,859,950$3,322,053$529,021$20,717,832
89$55,917,682$3,354,850$416,760$22,602,729
90$61,487,207$3,385,160$296,644$24,676,458
91$67,620,601$3,412,731$168,280$26,958,326
92$74,375,244$3,437,297$31,259$29,469,617
93$81,814,367$3,458,573$0$32,233,794
94$90,007,646$3,476,256$0$35,303,709
95$99,031,857$3,490,024$0$38,690,472
96$108,971,607$3,499,535$0$42,418,280
97$119,920,123$3,504,425$0$46,521,894
98$131,980,141$3,504,307$0$51,039,627
99$145,264,867$3,498,770$0$56,013,707
100$159,899,053$3,487,379$0$61,490,671