Can I retire at age 49 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$127,998$126,857$125,745$124,659$123,599$119,072
2 years$63,365$62,185$61,041$59,932$58,857$54,346
3 years$41,824$40,639$39,498$38,399$37,341$32,989
4 years$31,055$29,874$28,744$27,664$26,632$22,471
5 years$24,596$23,421$22,307$21,249$20,245$16,287
6 years$20,291$19,125$18,027$16,993$16,019$12,266
7 years$17,217$16,061$14,981$13,971$13,028$9,479
8 years$14,913$13,768$12,705$11,720$10,808$7,460
9 years$13,122$11,987$10,943$9,983$9,102$5,951
10 years$11,690$10,566$9,540$8,605$7,755$4,795
11 years$10,519$9,406$8,399$7,489$6,670$3,895
12 years$9,543$8,443$7,454$6,569$5,780$3,183
13 years$8,719$7,630$6,659$5,799$5,040$2,614
14 years$8,013$6,935$5,984$5,148$4,418$2,155
15 years$7,402$6,335$5,402$4,591$3,890$1,782
16 years$6,867$5,813$4,898$4,111$3,438$1,478
17 years$6,396$5,353$4,457$3,694$3,048$1,228
18 years$5,978$4,947$4,069$3,329$2,711$1,022
19 years$5,604$4,584$3,725$3,008$2,416$852
20 years$5,268$4,260$3,418$2,724$2,158$711
21 years$4,964$3,968$3,144$2,472$1,931$594
22 years$4,689$3,704$2,898$2,248$1,731$497
23 years$4,437$3,464$2,676$2,047$1,554$416
24 years$4,207$3,246$2,475$1,867$1,397$348
25 years$3,996$3,046$2,292$1,705$1,257$291
26 years$3,801$2,863$2,126$1,559$1,132$244
27 years$3,621$2,694$1,974$1,427$1,021$205
28 years$3,455$2,539$1,835$1,308$921$172
29 years$3,300$2,395$1,708$1,199$832$144
30 years$3,155$2,262$1,591$1,100$751$121
31 years$3,020$2,138$1,483$1,011$679$101
32 years$2,894$2,023$1,383$929$615$85
33 years$2,776$1,916$1,292$854$556$71
34 years$2,665$1,816$1,207$786$504$60
35 years$2,560$1,722$1,128$723$456$50
36 years$2,462$1,635$1,056$666$413$42
37 years$2,369$1,553$988$614$374$35
38 years$2,281$1,476$925$566$340$30
39 years$2,198$1,403$867$522$308$25
40 years$2,119$1,335$813$481$279$21
41 years$2,044$1,271$762$444$253$18
42 years$1,973$1,210$715$410$230$15
43 years$1,906$1,153$671$378$209$12
44 years$1,842$1,099$629$349$189$10
45 years$1,780$1,048$591$323$172$9
46 years$1,722$1,000$555$298$156$7
47 years$1,666$954$522$275$142$6
48 years$1,613$911$490$254$129$5
49 years$1,562$870$461$235$117$4
50 years$1,513$831$433$217$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,550,000, adding $6,399 every year, while hoping to spend $22,848 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: 57/23/20 Blend
48$1,550,000$1,550,000$1,550,000$1,550,000
49$1,714,701$1,632,551$1,608,526$1,802,937
50$1,865,290$1,688,235$1,638,101$1,919,430
51$2,030,474$1,745,883$1,667,902$2,043,315
52$2,211,716$1,805,566$1,697,911$2,177,823
53$2,410,631$1,867,358$1,728,110$2,323,982
54$2,628,994$1,931,337$1,758,481$2,482,923
55$2,868,764$1,997,585$1,789,002$2,655,890
56$3,132,095$2,066,185$1,819,651$2,844,253
57$3,421,365$2,137,223$1,850,405$3,049,522
58$3,739,188$2,210,791$1,881,238$3,273,354
59$4,088,448$2,286,983$1,912,122$3,517,580
60$4,472,320$2,365,895$1,943,029$3,784,210
61$4,894,303$2,447,630$1,973,926$4,075,460
62$5,358,251$2,532,293$2,004,782$4,393,771
63$5,868,410$2,619,993$2,035,560$4,741,828
64$6,429,460$2,710,845$2,066,223$5,122,591
65$7,046,555$2,804,966$2,096,731$5,539,318
66$7,725,374$2,902,480$2,127,042$5,995,596
67$8,472,174$3,003,514$2,157,111$6,495,379
68$9,293,851$3,108,202$2,186,889$7,043,019
69$10,198,001$3,216,681$2,216,327$7,643,311
70$11,192,994$3,329,095$2,245,371$8,301,536
71$12,288,052$3,445,593$2,273,963$9,023,512
72$13,493,337$3,566,331$2,302,045$9,815,647
73$14,820,047$3,691,470$2,329,552$10,684,999
74$16,280,517$3,821,178$2,356,419$11,639,346
75$17,888,344$3,955,630$2,382,573$12,687,255
76$19,658,507$4,095,007$2,407,940$13,838,162
77$21,607,511$4,239,499$2,432,443$15,102,466
78$23,753,544$4,389,302$2,455,997$16,491,622
79$26,116,648$4,544,620$2,478,515$18,018,249
80$28,718,906$4,705,666$2,499,905$19,696,251
81$31,584,652$4,872,662$2,520,070$21,540,948
82$34,740,702$5,045,837$2,538,908$23,569,218
83$38,216,603$5,225,433$2,556,310$25,799,656
84$42,044,915$5,411,697$2,572,165$28,252,751
85$46,261,517$5,604,891$2,586,353$30,951,079
86$50,905,945$5,805,284$2,598,749$33,919,513
87$56,021,765$6,013,157$2,609,221$37,185,461
88$61,656,987$6,228,803$2,617,632$40,779,120
89$67,864,513$6,452,528$2,623,836$44,733,765
90$74,702,640$6,684,648$2,627,681$49,086,060
91$82,235,608$6,925,495$2,629,007$53,876,403
92$90,534,207$7,175,412$2,627,646$59,149,310
93$99,676,447$7,434,757$2,623,423$64,953,830
94$109,748,289$7,703,905$2,616,152$71,344,013
95$120,844,462$7,983,244$2,605,641$78,379,414
96$133,069,353$8,273,178$2,591,685$86,125,660
97$146,537,993$8,574,130$2,574,073$94,655,065
98$161,377,145$8,886,540$2,552,581$104,047,313
99$177,726,498$9,210,863$2,526,976$114,390,210
100$195,739,984$9,547,579$2,497,013$125,780,514