Can I retire at age 49 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$127,172$126,039$124,934$123,855$122,802$119,542
2 years$62,956$61,784$60,647$59,546$58,477$55,216
3 years$41,554$40,376$39,243$38,152$37,100$33,939
4 years$30,855$29,681$28,559$27,486$26,460$23,424
5 years$24,437$23,270$22,163$21,112$20,115$17,212
6 years$20,160$19,002$17,911$16,883$15,916$13,149
7 years$17,106$15,958$14,884$13,881$12,944$10,313
8 years$14,817$13,679$12,623$11,644$10,738$8,242
9 years$13,037$11,910$10,872$9,918$9,043$6,679
10 years$11,614$10,498$9,478$8,550$7,705$5,471
11 years$10,451$9,346$8,345$7,441$6,627$4,519
12 years$9,482$8,388$7,406$6,527$5,743$3,757
13 years$8,663$7,580$6,617$5,762$5,008$3,140
14 years$7,961$6,890$5,945$5,115$4,390$2,636
15 years$7,354$6,295$5,368$4,562$3,865$2,220
16 years$6,823$5,775$4,866$4,084$3,416$1,876
17 years$6,355$5,319$4,428$3,670$3,029$1,589
18 years$5,939$4,915$4,042$3,307$2,693$1,349
19 years$5,568$4,555$3,701$2,988$2,400$1,146
20 years$5,234$4,233$3,396$2,707$2,144$976
21 years$4,932$3,943$3,124$2,456$1,919$832
22 years$4,658$3,680$2,879$2,233$1,720$710
23 years$4,409$3,442$2,658$2,034$1,544$606
24 years$4,180$3,225$2,459$1,855$1,388$518
25 years$3,970$3,026$2,277$1,694$1,249$443
26 years$3,777$2,844$2,112$1,549$1,125$379
27 years$3,598$2,677$1,961$1,418$1,014$325
28 years$3,432$2,522$1,823$1,299$915$278
29 years$3,278$2,380$1,697$1,191$826$238
30 years$3,135$2,247$1,580$1,093$747$204
31 years$3,001$2,124$1,473$1,004$675$175
32 years$2,875$2,010$1,375$923$611$150
33 years$2,758$1,904$1,283$849$553$129
34 years$2,648$1,804$1,199$781$500$110
35 years$2,544$1,711$1,121$719$453$95
36 years$2,446$1,624$1,049$662$411$81
37 years$2,354$1,543$982$610$372$70
38 years$2,266$1,466$919$562$337$60
39 years$2,184$1,394$861$518$306$51
40 years$2,105$1,326$807$478$277$44
41 years$2,031$1,263$757$441$252$38
42 years$1,961$1,202$710$407$228$32
43 years$1,894$1,146$666$376$207$28
44 years$1,830$1,092$625$347$188$24
45 years$1,769$1,041$587$320$171$20
46 years$1,711$993$552$296$155$18
47 years$1,656$948$518$273$141$15
48 years$1,603$905$487$253$128$13
49 years$1,552$864$458$234$116$11
50 years$1,504$826$430$216$106$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,540,000, adding $4,789 every year, while hoping to spend $29,086 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: 35/50/15 Blend
48$1,540,000$1,540,000$1,540,000$1,540,000
49$1,702,020$1,620,400$1,596,530$1,753,549
50$1,844,679$1,668,852$1,619,066$1,839,820
51$2,000,914$1,718,704$1,641,383$1,929,750
52$2,172,079$1,769,993$1,663,442$2,026,155
53$2,359,666$1,822,757$1,685,202$2,129,623
54$2,565,318$1,877,038$1,706,621$2,240,803
55$2,790,842$1,932,874$1,727,655$2,360,407
56$3,038,231$1,990,308$1,748,255$2,489,217
57$3,309,679$2,049,382$1,768,370$2,628,094
58$3,607,604$2,110,140$1,787,948$2,777,985
59$3,934,669$2,172,625$1,806,933$2,939,932
60$4,293,805$2,236,884$1,825,265$3,115,080
61$4,688,243$2,302,962$1,842,882$3,304,691
62$5,121,543$2,370,906$1,859,718$3,510,151
63$5,597,626$2,440,765$1,875,703$3,732,987
64$6,120,809$2,512,589$1,890,765$3,974,881
65$6,695,853$2,586,427$1,904,827$4,237,681
66$7,327,999$2,662,330$1,917,808$4,523,425
67$8,023,022$2,740,352$1,929,622$4,834,354
68$8,787,287$2,820,546$1,940,180$5,172,937
69$9,627,802$2,902,965$1,949,389$5,541,891
70$10,552,293$2,987,665$1,957,148$5,944,210
71$11,569,269$3,074,703$1,963,355$6,383,190
72$12,688,108$3,164,136$1,967,900$6,862,460
73$13,919,138$3,256,023$1,970,669$7,386,018
74$15,273,745$3,350,422$1,971,541$7,958,267
75$16,764,470$3,447,396$1,970,390$8,584,058
76$18,405,131$3,547,004$1,967,084$9,268,731
77$20,210,957$3,649,309$1,961,483$10,018,171
78$22,198,725$3,754,376$1,953,443$10,838,861
79$24,386,922$3,862,267$1,942,811$11,737,941
80$26,795,919$3,973,049$1,929,426$12,723,277
81$29,448,161$4,086,787$1,913,120$13,803,537
82$32,368,383$4,203,549$1,893,719$14,988,266
83$35,583,838$4,323,402$1,871,038$16,287,986
84$39,124,556$4,446,416$1,844,884$17,714,284
85$43,023,629$4,572,658$1,815,056$19,279,929
86$47,317,521$4,702,201$1,781,343$20,998,990
87$52,046,412$4,835,113$1,743,522$22,886,967
88$57,254,580$4,971,467$1,701,364$24,960,939
89$62,990,813$5,111,335$1,654,625$27,239,726
90$69,308,874$5,254,788$1,603,053$29,744,061
91$76,268,006$5,401,900$1,546,383$32,496,794
92$83,933,494$5,552,744$1,484,338$35,523,098
93$92,377,275$5,707,393$1,416,627$38,850,715
94$101,678,622$5,865,920$1,342,950$42,510,212
95$111,924,891$6,028,400$1,262,988$46,535,271
96$123,212,343$6,194,905$1,176,412$50,963,008
97$135,647,056$6,365,509$1,082,875$55,834,323
98$149,345,921$6,540,285$982,017$61,194,283
99$164,437,752$6,719,305$873,461$67,092,551
100$181,064,493$6,902,642$756,812$73,583,852