Can I retire at age 49 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$128,823$127,676$126,556$125,464$124,397$120,899
2 years$63,774$62,586$61,435$60,319$59,236$55,740
3 years$42,094$40,901$39,753$38,647$37,582$34,195
4 years$31,256$30,066$28,930$27,843$26,804$23,553
5 years$24,754$23,572$22,451$21,386$20,376$17,270
6 years$20,422$19,249$18,143$17,103$16,123$13,165
7 years$17,328$16,165$15,077$14,061$13,112$10,302
8 years$15,009$13,856$12,787$11,795$10,878$8,214
9 years$13,206$12,064$11,013$10,047$9,161$6,640
10 years$11,765$10,634$9,602$8,661$7,805$5,426
11 years$10,586$9,467$8,453$7,537$6,713$4,470
12 years$9,605$8,497$7,502$6,611$5,817$3,706
13 years$8,775$7,679$6,702$5,837$5,073$3,089
14 years$8,065$6,980$6,022$5,181$4,447$2,586
15 years$7,449$6,376$5,437$4,621$3,915$2,173
16 years$6,911$5,850$4,930$4,137$3,460$1,830
17 years$6,437$5,388$4,486$3,717$3,068$1,546
18 years$6,016$4,979$4,095$3,350$2,728$1,308
19 years$5,640$4,614$3,749$3,027$2,432$1,109
20 years$5,302$4,288$3,440$2,742$2,172$941
21 years$4,996$3,994$3,164$2,488$1,944$800
22 years$4,719$3,728$2,917$2,262$1,742$680
23 years$4,466$3,487$2,693$2,060$1,564$579
24 years$4,235$3,267$2,491$1,879$1,406$493
25 years$4,022$3,066$2,307$1,716$1,265$421
26 years$3,826$2,881$2,139$1,569$1,139$359
27 years$3,645$2,712$1,987$1,436$1,027$306
28 years$3,477$2,555$1,847$1,316$927$261
29 years$3,321$2,411$1,719$1,207$837$223
30 years$3,175$2,276$1,601$1,108$756$191
31 years$3,040$2,152$1,492$1,017$684$163
32 years$2,913$2,036$1,392$935$618$139
33 years$2,794$1,928$1,300$860$560$119
34 years$2,682$1,828$1,215$791$507$102
35 years$2,577$1,733$1,136$728$459$87
36 years$2,478$1,645$1,062$671$416$74
37 years$2,384$1,563$994$618$377$63
38 years$2,296$1,485$931$569$342$54
39 years$2,212$1,412$872$525$310$46
40 years$2,133$1,344$818$484$281$40
41 years$2,058$1,279$767$447$255$34
42 years$1,986$1,218$719$412$231$29
43 years$1,918$1,161$675$381$210$25
44 years$1,854$1,106$634$351$191$21
45 years$1,792$1,055$595$325$173$18
46 years$1,733$1,006$559$300$157$16
47 years$1,677$960$525$277$143$13
48 years$1,623$917$493$256$130$11
49 years$1,572$875$464$237$118$10
50 years$1,523$836$436$219$107$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,560,000, adding $3,510 every year, while hoping to spend $23,453 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: 79/5/16 Blend
48$1,560,000$1,560,000$1,560,000$1,560,000
49$1,722,741$1,640,061$1,615,881$1,852,687
50$1,873,506$1,695,470$1,645,059$1,994,197
51$2,038,864$1,752,808$1,674,428$2,146,088
52$2,220,278$1,812,145$1,703,971$2,312,092
53$2,419,359$1,873,553$1,733,667$2,493,613
54$2,637,884$1,937,107$1,763,495$2,692,199
55$2,877,808$2,002,886$1,793,433$2,909,551
56$3,141,287$2,070,970$1,823,455$3,147,548
57$3,430,694$2,141,443$1,853,537$3,408,254
58$3,748,644$2,214,393$1,883,649$3,693,947
59$4,098,018$2,289,910$1,913,763$4,007,134
60$4,481,988$2,368,088$1,943,847$4,350,578
61$4,904,052$2,449,025$1,973,867$4,727,322
62$5,368,060$2,532,822$2,003,786$5,140,718
63$5,878,257$2,619,585$2,033,568$5,594,462
64$6,439,317$2,709,423$2,063,170$6,092,621
65$7,056,392$2,802,450$2,092,551$6,639,679
66$7,735,157$2,898,783$2,121,665$7,240,576
67$8,481,865$2,998,545$2,150,463$7,900,754
68$9,303,406$3,101,864$2,178,894$8,626,209
69$10,207,370$3,208,872$2,206,903$9,423,547
70$11,202,121$3,319,707$2,234,434$10,300,049
71$12,296,876$3,434,510$2,261,426$11,263,734
72$13,501,788$3,553,432$2,287,814$12,323,440
73$14,828,045$3,676,625$2,313,531$13,488,905
74$16,287,977$3,804,251$2,338,505$14,770,858
75$17,895,167$3,936,476$2,362,661$16,181,121
76$19,664,583$4,073,473$2,385,920$17,732,723
77$21,612,720$4,215,422$2,408,198$19,440,016
78$23,757,751$4,362,511$2,429,405$21,318,819
79$26,119,701$4,514,934$2,449,450$23,386,561
80$28,720,638$4,672,893$2,468,234$25,662,446
81$31,584,878$4,836,599$2,485,655$28,167,639
82$34,739,214$5,006,271$2,501,603$30,925,460
83$38,213,172$5,182,137$2,515,965$33,961,604
84$42,039,286$5,364,432$2,528,620$37,304,390
85$46,253,408$5,553,404$2,539,444$40,985,021
86$50,895,043$5,749,307$2,548,302$45,037,881
87$56,007,723$5,952,410$2,555,056$49,500,860
88$61,639,421$6,162,988$2,559,561$54,415,712
89$67,842,997$6,381,330$2,561,661$59,828,447
90$74,676,704$6,607,736$2,561,198$65,789,767
91$82,204,731$6,842,518$2,558,001$72,355,542
92$90,497,813$7,086,001$2,551,894$79,587,342
93$99,633,898$7,338,523$2,542,690$87,553,013
94$109,698,880$7,600,435$2,530,195$96,327,321
95$120,787,414$7,872,105$2,514,205$105,992,653
96$133,003,805$8,153,913$2,494,506$116,639,803
97$146,462,994$8,446,255$2,470,872$128,368,818
98$161,291,644$8,749,546$2,443,071$141,289,953
99$177,629,333$9,064,215$2,410,855$155,524,703
100$195,629,873$9,390,710$2,373,967$171,206,956