Can I retire at age 49 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$126,346$125,221$124,123$123,051$122,004$119,639
2 years$62,548$61,383$60,254$59,159$58,097$55,724
3 years$41,284$40,114$38,988$37,904$36,859$34,552
4 years$30,655$29,488$28,373$27,308$26,288$24,064
5 years$24,278$23,119$22,019$20,975$19,984$17,850
6 years$20,029$18,878$17,795$16,774$15,813$13,771
7 years$16,995$15,854$14,787$13,791$12,860$10,911
8 years$14,721$13,590$12,541$11,569$10,669$8,812
9 years$12,952$11,832$10,801$9,854$8,984$7,219
10 years$11,539$10,430$9,417$8,494$7,655$5,979
11 years$10,383$9,285$8,291$7,392$6,584$4,995
12 years$9,420$8,334$7,358$6,484$5,705$4,202
13 years$8,606$7,531$6,574$5,725$4,975$3,555
14 years$7,910$6,846$5,906$5,082$4,361$3,021
15 years$7,306$6,254$5,333$4,532$3,840$2,577
16 years$6,778$5,738$4,835$4,058$3,394$2,205
17 years$6,313$5,284$4,399$3,646$3,009$1,892
18 years$5,901$4,883$4,016$3,286$2,676$1,627
19 years$5,532$4,525$3,677$2,969$2,385$1,402
20 years$5,200$4,205$3,374$2,689$2,130$1,210
21 years$4,900$3,917$3,104$2,440$1,906$1,046
22 years$4,628$3,656$2,860$2,219$1,709$905
23 years$4,380$3,420$2,641$2,021$1,534$784
24 years$4,153$3,204$2,443$1,843$1,379$679
25 years$3,945$3,007$2,262$1,683$1,241$589
26 years$3,752$2,826$2,098$1,539$1,117$512
27 years$3,575$2,660$1,948$1,409$1,007$444
28 years$3,410$2,506$1,811$1,291$909$386
29 years$3,257$2,364$1,686$1,184$821$336
30 years$3,114$2,233$1,570$1,086$742$292
31 years$2,981$2,111$1,464$998$671$254
32 years$2,857$1,997$1,366$917$607$221
33 years$2,740$1,891$1,275$843$549$192
34 years$2,630$1,793$1,191$776$497$168
35 years$2,527$1,700$1,114$714$450$146
36 years$2,430$1,614$1,042$658$408$127
37 years$2,338$1,533$975$606$370$111
38 years$2,252$1,457$913$559$335$96
39 years$2,170$1,385$856$515$304$84
40 years$2,092$1,318$802$475$276$73
41 years$2,018$1,254$752$438$250$64
42 years$1,948$1,195$705$404$227$56
43 years$1,881$1,138$662$373$206$48
44 years$1,818$1,085$621$345$187$42
45 years$1,757$1,035$583$318$170$37
46 years$1,700$987$548$294$154$32
47 years$1,645$942$515$272$140$28
48 years$1,592$899$484$251$127$24
49 years$1,542$859$455$232$115$21
50 years$1,494$820$428$214$105$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,530,000, adding $2,763 every year, while hoping to spend $57,936 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: 53/22/25 Blend
48$1,530,000$1,530,000$1,530,000$1,530,000
49$1,688,910$1,607,820$1,584,105$1,766,562
50$1,799,535$1,624,960$1,575,529$1,837,635
51$1,919,503$1,640,998$1,564,724$1,908,755
52$2,049,704$1,655,818$1,551,554$1,984,965
53$2,191,120$1,669,299$1,535,877$2,066,772
54$2,344,828$1,681,310$1,517,544$2,154,738
55$2,512,017$1,691,710$1,496,398$2,249,484
56$2,693,992$1,700,353$1,472,276$2,351,696
57$2,892,189$1,707,080$1,445,008$2,462,134
58$3,108,190$1,711,725$1,414,413$2,581,635
59$3,343,735$1,714,108$1,380,305$2,711,126
60$3,600,737$1,714,042$1,342,487$2,851,633
61$3,881,307$1,711,324$1,300,754$3,004,286
62$4,187,763$1,705,741$1,254,892$3,170,337
63$4,522,660$1,697,068$1,204,677$3,351,167
64$4,888,811$1,685,064$1,149,873$3,548,304
65$5,289,312$1,669,475$1,090,236$3,763,433
66$5,727,572$1,650,029$1,025,509$3,998,418
67$6,207,345$1,626,441$955,424$4,255,316
68$6,732,765$1,598,407$879,702$4,536,400
69$7,308,385$1,565,607$798,049$4,844,178
70$7,939,217$1,527,699$710,161$5,181,421
71$8,630,784$1,484,322$615,718$5,551,190
72$9,389,166$1,435,096$514,386$5,956,861
73$10,221,061$1,379,616$405,818$6,402,164
74$11,133,847$1,317,455$289,651$6,891,216
75$12,135,649$1,248,161$165,505$7,428,560
76$13,235,420$1,171,254$32,983$8,019,212
77$14,443,017$1,086,231$0$8,668,707
78$15,769,304$992,555$0$9,412,081
79$17,226,244$889,661$0$10,238,419
80$18,827,019$776,953$0$11,146,473
81$20,586,150$653,798$0$12,144,578
82$22,519,633$519,530$0$13,241,921
83$24,645,093$373,445$0$14,448,634
84$26,981,947$214,798$0$15,775,884
85$29,551,586$42,803$0$17,235,982
86$32,377,578$0$0$18,842,502
87$35,485,891$0$0$20,645,114
88$38,905,135$0$0$22,639,613
89$42,666,832$0$0$24,834,046
90$46,805,713$0$0$27,248,693
91$51,360,047$0$0$29,905,905
92$56,371,997$0$0$32,830,304
93$61,888,022$0$0$36,049,022
94$67,959,314$0$0$39,591,956
95$74,642,276$0$0$43,492,046
96$81,999,062$0$0$47,785,589
97$90,098,152$0$0$52,512,580
98$99,015,008$0$0$57,717,089
99$108,832,779$0$0$63,447,677
100$119,643,087$0$0$69,757,854