Can I retire at age 49 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$125,520$124,402$123,311$122,247$121,207$117,942
2 years$62,139$60,981$59,860$58,772$57,718$54,452
3 years$41,014$39,852$38,733$37,656$36,618$33,453
4 years$30,454$29,295$28,188$27,129$26,117$23,077
5 years$24,120$22,968$21,875$20,838$19,853$16,948
6 years$19,898$18,755$17,678$16,664$15,709$12,940
7 years$16,884$15,751$14,691$13,700$12,776$10,143
8 years$14,624$13,501$12,459$11,493$10,599$8,102
9 years$12,868$11,755$10,731$9,789$8,926$6,562
10 years$11,463$10,362$9,355$8,439$7,605$5,371
11 years$10,315$9,224$8,236$7,344$6,541$4,433
12 years$9,359$8,279$7,310$6,442$5,668$3,684
13 years$8,550$7,482$6,531$5,687$4,943$3,077
14 years$7,858$6,801$5,868$5,048$4,333$2,581
15 years$7,258$6,213$5,298$4,502$3,815$2,173
16 years$6,734$5,700$4,803$4,031$3,372$1,834
17 years$6,272$5,250$4,371$3,622$2,989$1,553
18 years$5,862$4,851$3,990$3,264$2,658$1,317
19 years$5,495$4,496$3,653$2,950$2,369$1,118
20 years$5,166$4,178$3,352$2,671$2,116$952
21 years$4,868$3,891$3,083$2,424$1,894$810
22 years$4,598$3,632$2,842$2,204$1,698$691
23 years$4,352$3,397$2,624$2,008$1,524$590
24 years$4,126$3,183$2,427$1,831$1,370$504
25 years$3,919$2,987$2,248$1,672$1,232$430
26 years$3,728$2,807$2,084$1,529$1,110$368
27 years$3,551$2,642$1,936$1,399$1,001$315
28 years$3,388$2,490$1,799$1,282$903$269
29 years$3,236$2,349$1,675$1,176$815$230
30 years$3,094$2,218$1,560$1,079$737$197
31 years$2,962$2,097$1,454$991$666$169
32 years$2,838$1,984$1,357$911$603$145
33 years$2,722$1,879$1,267$838$545$124
34 years$2,613$1,781$1,184$771$494$106
35 years$2,511$1,689$1,107$709$447$91
36 years$2,414$1,603$1,035$653$405$78
37 years$2,323$1,523$969$602$367$67
38 years$2,237$1,447$907$555$333$57
39 years$2,155$1,376$850$512$302$49
40 years$2,078$1,309$797$472$274$42
41 years$2,005$1,246$747$435$248$36
42 years$1,935$1,187$701$402$225$31
43 years$1,869$1,131$658$371$205$27
44 years$1,806$1,078$617$342$186$23
45 years$1,746$1,028$580$316$169$20
46 years$1,689$981$544$292$153$17
47 years$1,634$936$511$270$139$14
48 years$1,582$893$481$249$126$12
49 years$1,532$853$452$231$115$11
50 years$1,484$815$425$213$104$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,520,000, adding $5,150 every year, while hoping to spend $59,933 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: 55/16/29 Blend
48$1,520,000$1,520,000$1,520,000$1,520,000
49$1,680,352$1,599,792$1,576,232$1,759,000
50$1,787,980$1,614,414$1,565,268$1,828,489
51$1,904,577$1,627,743$1,551,927$1,897,545
52$2,030,995$1,639,654$1,536,068$1,971,565
53$2,168,170$1,650,010$1,517,540$2,051,050
54$2,317,133$1,658,670$1,496,187$2,136,552
55$2,479,016$1,665,480$1,471,844$2,228,684
56$2,655,065$1,670,279$1,444,341$2,328,122
57$2,846,652$1,672,892$1,413,496$2,435,615
58$3,055,284$1,673,138$1,379,123$2,551,991
59$3,282,623$1,670,822$1,341,023$2,678,163
60$3,530,495$1,665,737$1,298,992$2,815,143
61$3,800,911$1,657,664$1,252,814$2,964,048
62$4,096,084$1,646,369$1,202,263$3,126,114
63$4,418,451$1,631,607$1,147,105$3,302,706
64$4,770,692$1,613,115$1,087,092$3,495,330
65$5,155,762$1,590,616$1,021,969$3,705,654
66$5,576,909$1,563,817$951,465$3,935,519
67$6,037,715$1,532,405$875,300$4,186,956
68$6,542,119$1,496,050$793,180$4,462,212
69$7,094,463$1,454,404$704,798$4,763,766
70$7,699,524$1,407,095$609,835$5,094,359
71$8,362,566$1,353,734$507,956$5,457,013
72$9,089,386$1,293,905$398,810$5,855,068
73$9,886,368$1,227,171$282,035$6,292,211
74$10,760,542$1,153,067$157,248$6,772,512
75$11,719,654$1,071,104$24,052$7,300,464
76$12,772,234$980,763$0$7,881,025
77$13,927,678$881,496$0$8,556,212
78$15,196,336$772,725$0$9,305,840
79$16,589,611$653,837$0$10,129,268
80$18,120,061$524,185$0$11,033,997
81$19,801,525$383,088$0$12,028,299
82$21,649,244$229,823$0$13,121,290
83$23,680,012$63,629$0$14,323,019
84$25,912,328$0$0$15,644,563
85$28,366,574$0$0$17,118,608
86$31,065,206$0$0$18,751,906
87$34,032,964$0$0$20,548,247
88$37,297,104$0$0$22,524,150
89$40,887,660$0$0$24,697,815
90$44,837,719$0$0$27,089,293
91$49,183,738$0$0$29,720,680
92$53,965,888$0$0$32,616,319
93$59,228,428$0$0$35,803,034
94$65,020,124$0$0$39,310,378
95$71,394,710$0$0$43,170,918
96$78,411,395$0$0$47,420,536
97$86,135,415$0$0$52,098,769
98$94,638,656$0$0$57,249,185
99$104,000,327$0$0$62,919,788
100$114,307,707$0$0$69,163,474