Can I retire at age 49 with 1,510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$124,694$123,584$122,500$121,442$120,410$117,356
2 years$61,730$60,580$59,466$58,386$57,338$54,281
3 years$40,744$39,590$38,478$37,408$36,377$33,413
4 years$30,254$29,103$28,002$26,951$25,945$23,096
5 years$23,961$22,817$21,731$20,701$19,723$16,997
6 years$19,767$18,632$17,562$16,554$15,606$13,006
7 years$16,773$15,647$14,594$13,610$12,692$10,219
8 years$14,528$13,412$12,377$11,417$10,529$8,181
9 years$12,783$11,678$10,660$9,725$8,867$6,642
10 years$11,388$10,293$9,294$8,383$7,555$5,450
11 years$10,247$9,164$8,182$7,296$6,498$4,510
12 years$9,297$8,225$7,261$6,399$5,631$3,757
13 years$8,494$7,433$6,488$5,650$4,910$3,147
14 years$7,806$6,756$5,829$5,015$4,304$2,647
15 years$7,211$6,172$5,263$4,473$3,790$2,235
16 years$6,690$5,663$4,772$4,005$3,349$1,892
17 years$6,231$5,215$4,342$3,598$2,970$1,606
18 years$5,823$4,819$3,964$3,243$2,641$1,366
19 years$5,459$4,466$3,629$2,930$2,354$1,164
20 years$5,132$4,150$3,330$2,654$2,102$993
21 years$4,836$3,866$3,063$2,408$1,881$849
22 years$4,568$3,608$2,823$2,190$1,686$726
23 years$4,323$3,375$2,607$1,994$1,514$621
24 years$4,099$3,162$2,411$1,819$1,361$532
25 years$3,893$2,967$2,233$1,661$1,224$456
26 years$3,703$2,789$2,071$1,519$1,103$391
27 years$3,528$2,625$1,923$1,390$994$336
28 years$3,365$2,473$1,788$1,274$897$288
29 years$3,214$2,333$1,664$1,168$810$248
30 years$3,074$2,204$1,549$1,072$732$213
31 years$2,942$2,083$1,445$985$662$183
32 years$2,819$1,971$1,348$905$599$157
33 years$2,704$1,867$1,258$832$542$135
34 years$2,596$1,769$1,176$766$491$116
35 years$2,494$1,678$1,099$705$444$100
36 years$2,398$1,593$1,028$649$403$86
37 years$2,308$1,513$963$598$365$74
38 years$2,222$1,438$901$551$331$63
39 years$2,141$1,367$844$508$300$55
40 years$2,064$1,301$792$469$272$47
41 years$1,992$1,238$742$433$247$40
42 years$1,922$1,179$696$399$224$35
43 years$1,857$1,123$653$368$203$30
44 years$1,794$1,071$613$340$184$26
45 years$1,734$1,021$576$314$167$22
46 years$1,678$974$541$290$152$19
47 years$1,623$930$508$268$138$16
48 years$1,571$887$477$248$125$14
49 years$1,522$847$449$229$114$12
50 years$1,474$809$422$212$103$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,510,000, adding $4,072 every year, while hoping to spend $50,777 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: 63/30/7 Blend
48$1,510,000$1,510,000$1,510,000$1,510,000
49$1,668,220$1,588,190$1,564,785$1,770,845
50$1,784,352$1,611,985$1,563,179$1,863,577
51$1,910,628$1,635,244$1,559,818$1,958,460
52$2,048,029$1,657,888$1,554,588$2,060,742
53$2,197,633$1,679,830$1,547,372$2,171,137
54$2,360,630$1,700,979$1,538,047$2,290,432
55$2,538,325$1,721,239$1,526,483$2,419,494
56$2,732,158$1,740,503$1,512,544$2,559,281
57$2,943,713$1,758,662$1,496,088$2,710,845
58$3,174,731$1,775,596$1,476,967$2,875,350
59$3,427,132$1,791,179$1,455,024$3,054,075
60$3,703,028$1,805,276$1,430,096$3,248,435
61$4,004,745$1,817,742$1,402,012$3,459,985
62$4,334,844$1,828,426$1,370,594$3,690,443
63$4,696,143$1,837,164$1,335,654$3,941,702
64$5,091,748$1,843,784$1,296,997$4,215,848
65$5,525,078$1,848,100$1,254,418$4,515,183
66$5,999,897$1,849,918$1,207,702$4,842,244
67$6,520,352$1,849,030$1,156,626$5,199,828
68$7,091,011$1,845,215$1,100,956$5,591,020
69$7,716,902$1,838,240$1,040,446$6,019,220
70$8,403,567$1,827,854$974,842$6,488,179
71$9,157,107$1,813,795$903,875$7,002,031
72$9,984,244$1,795,783$827,267$7,565,334
73$10,892,382$1,773,522$744,726$8,183,114
74$11,889,678$1,746,696$655,946$8,860,914
75$12,985,114$1,714,974$560,610$9,604,843
76$14,188,590$1,678,002$458,385$10,421,638
77$15,511,009$1,635,407$348,923$11,318,727
78$16,964,383$1,586,793$231,863$12,304,298
79$18,561,946$1,531,741$106,826$13,387,381
80$20,318,276$1,469,808$0$14,577,930
81$22,249,437$1,400,526$0$15,888,906
82$24,373,125$1,323,397$0$17,339,065
83$26,708,839$1,237,899$0$18,933,792
84$29,278,059$1,143,474$0$20,687,826
85$32,104,455$1,039,538$0$22,617,415
86$35,214,104$925,470$0$24,740,468
87$38,635,740$800,615$0$27,076,727
88$42,401,021$664,281$0$29,647,955
89$46,544,830$515,736$0$32,478,139
90$51,105,604$354,208$0$35,593,719
91$56,125,692$178,881$0$39,023,843
92$61,651,760$0$0$42,800,636
93$67,735,226$0$0$46,963,177
94$74,432,747$0$0$51,611,024
95$81,806,755$0$0$56,728,466
96$89,926,040$0$0$62,363,260
97$98,866,404$0$0$68,568,030
98$108,711,375$0$0$75,400,764
99$119,552,992$0$0$82,925,359
100$131,492,674$0$0$91,212,225