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%17.8%
1 years$125,520$124,402$123,311$122,247$121,207$117,374
2 years$62,139$60,981$59,860$58,772$57,718$53,891
3 years$41,014$39,852$38,733$37,656$36,618$32,918
4 years$30,454$29,295$28,188$27,129$26,117$22,570
5 years$24,120$22,968$21,875$20,838$19,853$16,471
6 years$19,898$18,755$17,678$16,664$15,709$12,494
7 years$16,884$15,751$14,691$13,700$12,776$9,727
8 years$14,624$13,501$12,459$11,493$10,599$7,715
9 years$12,868$11,755$10,731$9,789$8,926$6,203
10 years$11,463$10,362$9,355$8,439$7,605$5,039
11 years$10,315$9,224$8,236$7,344$6,541$4,128
12 years$9,359$8,279$7,310$6,442$5,668$3,402
13 years$8,550$7,482$6,531$5,687$4,943$2,819
14 years$7,858$6,801$5,868$5,048$4,333$2,345
15 years$7,258$6,213$5,298$4,502$3,815$1,958
16 years$6,734$5,700$4,803$4,031$3,372$1,639
17 years$6,272$5,250$4,371$3,622$2,989$1,375
18 years$5,862$4,851$3,990$3,264$2,658$1,155
19 years$5,495$4,496$3,653$2,950$2,369$973
20 years$5,166$4,178$3,352$2,671$2,116$820
21 years$4,868$3,891$3,083$2,424$1,894$692
22 years$4,598$3,632$2,842$2,204$1,698$584
23 years$4,352$3,397$2,624$2,008$1,524$494
24 years$4,126$3,183$2,427$1,831$1,370$418
25 years$3,919$2,987$2,248$1,672$1,232$354
26 years$3,728$2,807$2,084$1,529$1,110$299
27 years$3,551$2,642$1,936$1,399$1,001$254
28 years$3,388$2,490$1,799$1,282$903$215
29 years$3,236$2,349$1,675$1,176$815$182
30 years$3,094$2,218$1,560$1,079$737$154
31 years$2,962$2,097$1,454$991$666$131
32 years$2,838$1,984$1,357$911$603$111
33 years$2,722$1,879$1,267$838$545$94
34 years$2,613$1,781$1,184$771$494$80
35 years$2,511$1,689$1,107$709$447$68
36 years$2,414$1,603$1,035$653$405$58
37 years$2,323$1,523$969$602$367$49
38 years$2,237$1,447$907$555$333$41
39 years$2,155$1,376$850$512$302$35
40 years$2,078$1,309$797$472$274$30
41 years$2,005$1,246$747$435$248$25
42 years$1,935$1,187$701$402$225$21
43 years$1,869$1,131$658$371$205$18
44 years$1,806$1,078$617$342$186$15
45 years$1,746$1,028$580$316$169$13
46 years$1,689$981$544$292$153$11
47 years$1,634$936$511$270$139$9
48 years$1,582$893$481$249$126$8
49 years$1,532$853$452$231$115$7
50 years$1,484$815$425$213$104$6

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 $6,069 every year, while hoping to spend $57,661 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: 30/50/20 Blend
48$1,520,000$1,520,000$1,520,000$1,520,000
49$1,681,300$1,600,740$1,577,180$1,721,042
50$1,791,442$1,617,826$1,568,665$1,768,835
51$1,910,886$1,633,816$1,557,932$1,814,610
52$2,040,519$1,648,596$1,544,846$1,862,638
53$2,181,319$1,662,044$1,529,265$1,913,146
54$2,334,359$1,674,030$1,511,041$1,966,392
55$2,500,822$1,684,416$1,490,019$2,022,662
56$2,682,008$1,693,053$1,466,036$2,082,275
57$2,879,346$1,699,787$1,438,922$2,145,586
58$3,094,412$1,704,449$1,408,499$2,212,992
59$3,328,938$1,706,862$1,374,579$2,284,934
60$3,584,830$1,706,840$1,336,968$2,361,904
61$3,864,188$1,704,180$1,295,462$2,444,448
62$4,169,323$1,698,673$1,249,848$2,533,177
63$4,502,778$1,690,091$1,199,901$2,628,765
64$4,867,352$1,678,197$1,145,389$2,731,966
65$5,266,130$1,662,737$1,086,068$2,843,615
66$5,702,506$1,643,441$1,021,682$2,964,643
67$6,180,218$1,620,026$951,964$3,096,079
68$6,703,382$1,592,190$876,637$3,239,069
69$7,276,532$1,559,612$795,410$3,394,884
70$7,904,660$1,521,954$707,977$3,564,934
71$8,593,263$1,478,858$614,022$3,750,784
72$9,348,396$1,429,943$513,213$3,954,167
73$10,176,730$1,374,807$405,203$4,177,006
74$11,085,611$1,313,026$289,631$4,421,433
75$12,083,128$1,244,150$166,119$4,689,808
76$13,178,197$1,167,703$34,273$4,984,748
77$14,380,634$1,083,181$0$5,309,149
78$15,701,254$990,053$0$5,688,932
79$17,151,973$887,756$0$6,114,218
80$18,745,914$775,696$0$6,581,711
81$20,497,537$653,245$0$7,095,862
82$22,422,772$519,740$0$7,661,589
83$24,539,166$374,479$0$8,284,324
84$26,866,055$216,722$0$8,970,071
85$29,424,739$45,688$0$9,725,461
86$32,238,687$0$0$10,557,818
87$35,333,755$0$0$11,551,959
88$38,738,432$0$0$12,673,470
89$42,484,106$0$0$13,907,586
90$46,605,360$0$0$15,265,736
91$51,140,301$0$0$16,760,515
92$56,130,913$0$0$18,405,797
93$61,623,459$0$0$20,216,874
94$67,668,910$0$0$22,210,591
95$74,323,433$0$0$24,405,513
96$81,648,915$0$0$26,822,094
97$89,713,547$0$0$29,482,874
98$98,592,470$0$0$32,412,688
99$108,368,479$0$0$35,638,904
100$119,132,808$0$0$39,191,679