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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$128,823$127,676$126,556$125,464$124,397$123,046
2 years$63,774$62,586$61,435$60,319$59,236$57,877
3 years$42,094$40,901$39,753$38,647$37,582$36,255
4 years$31,256$30,066$28,930$27,843$26,804$25,520
5 years$24,754$23,572$22,451$21,386$20,376$19,139
6 years$20,422$19,249$18,143$17,103$16,123$14,934
7 years$17,328$16,165$15,077$14,061$13,112$11,973
8 years$15,009$13,856$12,787$11,795$10,878$9,787
9 years$13,206$12,064$11,013$10,047$9,161$8,119
10 years$11,765$10,634$9,602$8,661$7,805$6,811
11 years$10,586$9,467$8,453$7,537$6,713$5,765
12 years$9,605$8,497$7,502$6,611$5,817$4,916
13 years$8,775$7,679$6,702$5,837$5,073$4,216
14 years$8,065$6,980$6,022$5,181$4,447$3,634
15 years$7,449$6,376$5,437$4,621$3,915$3,145
16 years$6,911$5,850$4,930$4,137$3,460$2,731
17 years$6,437$5,388$4,486$3,717$3,068$2,378
18 years$6,016$4,979$4,095$3,350$2,728$2,077
19 years$5,640$4,614$3,749$3,027$2,432$1,817
20 years$5,302$4,288$3,440$2,742$2,172$1,593
21 years$4,996$3,994$3,164$2,488$1,944$1,398
22 years$4,719$3,728$2,917$2,262$1,742$1,230
23 years$4,466$3,487$2,693$2,060$1,564$1,082
24 years$4,235$3,267$2,491$1,879$1,406$954
25 years$4,022$3,066$2,307$1,716$1,265$841
26 years$3,826$2,881$2,139$1,569$1,139$743
27 years$3,645$2,712$1,987$1,436$1,027$656
28 years$3,477$2,555$1,847$1,316$927$580
29 years$3,321$2,411$1,719$1,207$837$513
30 years$3,175$2,276$1,601$1,108$756$454
31 years$3,040$2,152$1,492$1,017$684$402
32 years$2,913$2,036$1,392$935$618$356
33 years$2,794$1,928$1,300$860$560$315
34 years$2,682$1,828$1,215$791$507$279
35 years$2,577$1,733$1,136$728$459$247
36 years$2,478$1,645$1,062$671$416$219
37 years$2,384$1,563$994$618$377$195
38 years$2,296$1,485$931$569$342$172
39 years$2,212$1,412$872$525$310$153
40 years$2,133$1,344$818$484$281$136
41 years$2,058$1,279$767$447$255$120
42 years$1,986$1,218$719$412$231$107
43 years$1,918$1,161$675$381$210$95
44 years$1,854$1,106$634$351$191$84
45 years$1,792$1,055$595$325$173$75
46 years$1,733$1,006$559$300$157$66
47 years$1,677$960$525$277$143$59
48 years$1,623$917$493$256$130$52
49 years$1,572$875$464$237$118$46
50 years$1,523$836$436$219$107$41

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 $2,100 every year, while hoping to spend $31,877 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: 61/15/24 Blend
48$1,560,000$1,560,000$1,560,000$1,560,000
49$1,721,286$1,638,606$1,614,426$1,815,192
50$1,862,940$1,684,981$1,634,593$1,925,514
51$2,017,975$1,732,560$1,654,366$2,042,206
52$2,187,721$1,781,368$1,673,700$2,168,874
53$2,373,645$1,831,431$1,692,545$2,306,495
54$2,577,360$1,882,774$1,710,849$2,456,146
55$2,800,645$1,935,424$1,728,556$2,619,013
56$3,045,457$1,989,406$1,745,609$2,796,401
57$3,313,953$2,044,747$1,761,946$2,989,750
58$3,608,508$2,101,471$1,777,503$3,200,643
59$3,931,738$2,159,606$1,792,213$3,430,827
60$4,286,526$2,219,177$1,806,002$3,682,226
61$4,676,045$2,280,210$1,818,797$3,956,959
62$5,103,793$2,342,731$1,830,517$4,257,361
63$5,573,620$2,406,766$1,841,080$4,586,004
64$6,089,771$2,472,339$1,850,398$4,945,725
65$6,656,920$2,539,476$1,858,379$5,339,645
66$7,280,217$2,608,202$1,864,926$5,771,208
67$7,965,336$2,678,540$1,869,937$6,244,205
68$8,718,526$2,750,515$1,873,306$6,762,816
69$9,546,675$2,824,149$1,874,921$7,331,646
70$10,457,369$2,899,466$1,874,664$7,955,770
71$11,458,968$2,976,486$1,872,412$8,640,779
72$12,560,680$3,055,232$1,868,035$9,392,836
73$13,772,653$3,135,722$1,861,398$10,218,732
74$15,106,067$3,217,975$1,852,359$11,125,949
75$16,573,240$3,302,011$1,840,767$12,122,734
76$18,187,745$3,387,844$1,826,467$13,218,176
77$19,964,537$3,475,490$1,809,296$14,422,288
78$21,920,093$3,564,962$1,789,080$15,746,108
79$24,072,570$3,656,273$1,765,642$17,201,798
80$26,441,973$3,749,431$1,738,792$18,802,760
81$29,050,346$3,844,445$1,708,334$20,563,767
82$31,921,979$3,941,321$1,674,061$22,501,095
83$35,083,637$4,040,061$1,635,757$24,632,684
84$38,564,810$4,140,667$1,593,198$26,978,303
85$42,397,997$4,243,135$1,546,145$29,559,738
86$46,619,005$4,347,461$1,494,353$32,400,999
87$51,267,292$4,453,636$1,437,564$35,528,545
88$56,386,340$4,561,647$1,375,505$38,971,535
89$62,024,058$4,671,480$1,307,897$42,762,103
90$68,233,242$4,783,113$1,234,442$46,935,665
91$75,072,069$4,896,522$1,154,832$51,531,247
92$82,604,647$5,011,677$1,068,745$56,591,858
93$90,901,616$5,128,545$975,843$62,164,898
94$100,040,823$5,247,085$875,776$68,302,602
95$110,108,046$5,367,252$768,174$75,062,534
96$121,197,813$5,488,994$652,654$82,508,134
97$133,414,286$5,612,251$528,814$90,709,314
98$146,872,251$5,736,958$396,236$99,743,121
99$161,698,193$5,863,042$254,483$109,694,462
100$178,031,498$5,990,420$103,098$120,656,909