Can I retire at age 49 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$129,649$128,494$127,368$126,268$125,194$124,562
2 years$64,183$62,987$61,829$60,706$59,616$58,978
3 years$42,363$41,163$40,007$38,895$37,823$37,199
4 years$31,456$30,259$29,115$28,021$26,976$26,370
5 years$24,913$23,724$22,595$21,523$20,506$19,922
6 years$20,553$19,372$18,260$17,212$16,226$15,662
7 years$17,439$16,269$15,174$14,151$13,196$12,654
8 years$15,105$13,945$12,869$11,871$10,947$10,427
9 years$13,291$12,142$11,084$10,111$9,219$8,720
10 years$11,840$10,702$9,663$8,716$7,855$7,378
11 years$10,654$9,528$8,507$7,586$6,756$6,299
12 years$9,667$8,552$7,550$6,654$5,854$5,418
13 years$8,831$7,728$6,745$5,874$5,105$4,689
14 years$8,116$7,025$6,061$5,214$4,475$4,079
15 years$7,497$6,417$5,472$4,650$3,940$3,563
16 years$6,956$5,888$4,961$4,164$3,482$3,124
17 years$6,479$5,422$4,515$3,741$3,088$2,747
18 years$6,055$5,010$4,121$3,372$2,746$2,422
19 years$5,676$4,644$3,773$3,047$2,447$2,141
20 years$5,336$4,315$3,462$2,759$2,186$1,896
21 years$5,028$4,019$3,185$2,504$1,956$1,682
22 years$4,749$3,752$2,935$2,277$1,753$1,494
23 years$4,495$3,509$2,710$2,074$1,574$1,330
24 years$4,262$3,288$2,506$1,891$1,415$1,184
25 years$4,048$3,085$2,321$1,727$1,273$1,056
26 years$3,850$2,900$2,153$1,579$1,147$942
27 years$3,668$2,729$1,999$1,446$1,034$842
28 years$3,499$2,572$1,859$1,324$933$752
29 years$3,342$2,426$1,730$1,215$842$673
30 years$3,196$2,291$1,611$1,115$761$602
31 years$3,059$2,166$1,502$1,024$688$539
32 years$2,931$2,049$1,401$941$622$483
33 years$2,812$1,941$1,308$865$563$433
34 years$2,699$1,839$1,223$796$510$388
35 years$2,593$1,745$1,143$733$462$348
36 years$2,494$1,656$1,069$675$419$312
37 years$2,399$1,573$1,001$622$379$280
38 years$2,310$1,495$937$573$344$251
39 years$2,226$1,421$878$528$312$226
40 years$2,146$1,352$823$487$283$203
41 years$2,071$1,287$772$450$257$182
42 years$1,999$1,226$724$415$233$163
43 years$1,930$1,168$679$383$211$147
44 years$1,865$1,113$638$354$192$132
45 years$1,803$1,062$599$327$174$118
46 years$1,744$1,013$562$302$158$106
47 years$1,688$967$528$279$144$96
48 years$1,634$923$496$258$130$86
49 years$1,582$881$467$238$118$77
50 years$1,533$842$439$220$108$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,570,000, adding $2,361 every year, while hoping to spend $40,653 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: 78/7/15 Blend
48$1,570,000$1,570,000$1,570,000$1,570,000
49$1,732,575$1,649,365$1,625,030$1,862,071
50$1,866,044$1,686,930$1,636,214$1,985,309
51$2,011,763$1,724,972$1,646,411$2,115,058
52$2,170,940$1,763,474$1,655,543$2,256,247
53$2,344,904$1,802,412$1,663,531$2,410,004
54$2,535,117$1,841,762$1,670,292$2,577,573
55$2,743,189$1,881,499$1,675,737$2,760,321
56$2,970,893$1,921,591$1,679,773$2,959,756
57$3,220,182$1,962,007$1,682,303$3,177,539
58$3,493,205$2,002,710$1,683,225$3,415,500
59$3,792,331$2,043,662$1,682,432$3,675,654
60$4,120,166$2,084,818$1,679,811$3,960,222
61$4,479,583$2,126,134$1,675,244$4,271,652
62$4,873,743$2,167,558$1,668,608$4,612,638
63$5,306,131$2,209,034$1,659,773$4,986,151
64$5,780,584$2,250,504$1,648,602$5,395,465
65$6,301,327$2,291,902$1,634,954$5,844,184
66$6,873,017$2,333,160$1,618,679$6,336,283
67$7,500,780$2,374,201$1,599,621$6,876,140
68$8,190,268$2,414,944$1,577,616$7,468,579
69$8,947,702$2,455,303$1,552,493$8,118,917
70$9,779,938$2,495,183$1,524,072$8,833,013
71$10,694,528$2,534,484$1,492,165$9,617,321
72$11,699,794$2,573,098$1,456,576$10,478,955
73$12,804,901$2,610,907$1,417,099$11,425,754
74$14,019,948$2,647,789$1,373,520$12,466,357
75$15,356,062$2,683,610$1,325,612$13,610,283
76$16,825,501$2,718,228$1,273,140$14,868,022
77$18,441,771$2,751,490$1,215,860$16,251,134
78$20,219,752$2,783,234$1,153,512$17,772,359
79$22,175,841$2,813,286$1,085,829$19,445,735
80$24,328,102$2,841,462$1,012,529$21,286,732
81$26,696,439$2,867,564$933,319$23,312,401
82$29,302,782$2,891,381$847,892$25,541,529
83$32,171,296$2,912,690$755,927$27,994,820
84$35,328,608$2,931,251$657,089$30,695,093
85$38,804,054$2,946,810$551,030$33,667,492
86$42,629,961$2,959,097$437,383$36,939,728
87$46,841,949$2,967,826$315,768$40,542,339
88$51,479,268$2,972,689$185,786$44,508,977
89$56,585,166$2,973,363$47,022$48,876,730
90$62,207,298$2,969,503$0$53,686,468
91$68,398,176$2,960,743$0$58,999,407
92$75,215,665$2,946,694$0$64,858,090
93$82,723,526$2,926,945$0$71,309,760
94$90,992,017$2,901,057$0$78,414,778
95$100,098,562$2,868,568$0$86,239,656
96$110,128,473$2,828,985$0$94,857,691
97$121,175,760$2,781,788$0$104,349,652
98$133,344,018$2,726,426$0$114,804,542
99$146,747,400$2,662,313$0$126,320,440
100$161,511,699$2,588,831$0$139,005,429