Can I retire at age 49 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$130,475$129,313$128,179$127,072$125,991$124,211
2 years$64,592$63,389$62,223$61,092$59,996$58,206
3 years$42,633$41,425$40,262$39,142$38,064$36,320
4 years$31,656$30,452$29,301$28,200$27,147$25,462
5 years$25,072$23,875$22,738$21,660$20,637$19,016
6 years$20,684$19,495$18,376$17,322$16,329$14,774
7 years$17,550$16,372$15,271$14,241$13,280$11,792
8 years$15,202$14,034$12,951$11,947$11,017$9,595
9 years$13,376$12,219$11,154$10,176$9,278$7,922
10 years$11,916$10,771$9,725$8,772$7,905$6,614
11 years$10,722$9,588$8,561$7,634$6,799$5,571
12 years$9,728$8,606$7,598$6,696$5,892$4,725
13 years$8,888$7,777$6,788$5,912$5,138$4,032
14 years$8,168$7,069$6,099$5,248$4,504$3,456
15 years$7,545$6,458$5,507$4,680$3,965$2,975
16 years$7,000$5,925$4,993$4,190$3,505$2,569
17 years$6,520$5,457$4,543$3,765$3,107$2,225
18 years$6,093$5,042$4,147$3,393$2,763$1,932
19 years$5,712$4,673$3,797$3,066$2,463$1,680
20 years$5,370$4,343$3,484$2,777$2,200$1,464
21 years$5,060$4,045$3,205$2,520$1,969$1,278
22 years$4,779$3,776$2,954$2,291$1,765$1,117
23 years$4,523$3,531$2,727$2,087$1,584$977
24 years$4,289$3,309$2,522$1,903$1,424$856
25 years$4,073$3,105$2,336$1,738$1,281$750
26 years$3,875$2,918$2,167$1,589$1,154$658
27 years$3,692$2,746$2,012$1,455$1,040$577
28 years$3,521$2,588$1,870$1,333$939$507
29 years$3,363$2,441$1,741$1,222$848$446
30 years$3,216$2,306$1,621$1,122$766$392
31 years$3,079$2,180$1,512$1,030$692$344
32 years$2,950$2,062$1,410$947$626$303
33 years$2,830$1,953$1,317$871$567$267
34 years$2,716$1,851$1,230$801$513$235
35 years$2,610$1,756$1,150$737$465$207
36 years$2,509$1,666$1,076$679$421$182
37 years$2,415$1,583$1,007$626$382$160
38 years$2,325$1,504$943$577$346$141
39 years$2,240$1,430$884$532$314$124
40 years$2,160$1,361$828$491$285$110
41 years$2,084$1,295$777$453$258$97
42 years$2,012$1,234$728$418$234$85
43 years$1,943$1,175$684$386$213$75
44 years$1,877$1,120$642$356$193$66
45 years$1,815$1,068$603$329$175$58
46 years$1,755$1,019$566$304$159$51
47 years$1,699$973$532$281$144$45
48 years$1,644$929$500$259$131$40
49 years$1,592$887$470$240$119$35
50 years$1,543$847$441$221$108$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,580,000, adding $5,888 every year, while hoping to spend $20,491 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: 41/31/28 Blend
48$1,580,000$1,580,000$1,580,000$1,580,000
49$1,747,233$1,663,493$1,639,003$1,804,278
50$1,903,649$1,723,202$1,672,108$1,905,797
51$2,075,332$1,785,150$1,705,634$2,013,259
52$2,263,819$1,849,425$1,739,576$2,129,192
53$2,470,800$1,916,119$1,773,923$2,254,386
54$2,698,140$1,985,327$1,808,668$2,389,713
55$2,947,891$2,057,148$1,843,799$2,536,129
56$3,222,314$2,131,687$1,879,305$2,694,686
57$3,523,901$2,209,051$1,915,173$2,866,542
58$3,855,398$2,289,353$1,951,389$3,052,969
59$4,219,826$2,372,709$1,987,939$3,255,366
60$4,620,518$2,459,242$2,024,805$3,475,275
61$5,061,145$2,549,079$2,061,969$3,714,390
62$5,545,749$2,642,351$2,099,413$3,974,575
63$6,078,787$2,739,197$2,137,114$4,257,881
64$6,665,166$2,839,761$2,175,051$4,566,568
65$7,310,296$2,944,193$2,213,199$4,903,120
66$8,020,136$3,052,648$2,251,530$5,270,274
67$8,801,252$3,165,289$2,290,018$5,671,040
68$9,660,877$3,282,286$2,328,632$6,108,733
69$10,606,985$3,403,816$2,367,339$6,587,005
70$11,648,357$3,530,063$2,406,104$7,109,872
71$12,794,672$3,661,219$2,444,891$7,681,759
72$14,056,594$3,797,484$2,483,661$8,307,540
73$15,445,874$3,939,068$2,522,370$8,992,577
74$16,975,458$4,086,187$2,560,975$9,742,780
75$18,659,614$4,239,070$2,599,427$10,564,655
76$20,514,063$4,397,953$2,637,676$11,465,367
77$22,556,128$4,563,082$2,675,668$12,452,807
78$24,804,896$4,734,717$2,713,347$13,535,668
79$27,281,402$4,913,125$2,750,651$14,723,524
80$30,008,824$5,098,587$2,787,516$16,026,918
81$33,012,701$5,291,395$2,823,875$17,457,466
82$36,321,178$5,491,854$2,859,656$19,027,963
83$39,965,267$5,700,283$2,894,783$20,752,502
84$43,979,141$5,917,014$2,929,175$22,646,609
85$48,400,459$6,142,394$2,962,749$24,727,386
86$53,270,718$6,376,783$2,995,413$27,013,675
87$58,635,646$6,620,560$3,027,074$29,526,232
88$64,545,633$6,874,119$3,057,632$32,287,924
89$71,056,207$7,137,870$3,086,982$35,323,942
90$78,228,558$7,412,244$3,115,014$38,662,042
91$86,130,114$7,697,686$3,141,610$42,332,800
92$94,835,179$7,994,667$3,166,647$46,369,905
93$104,425,634$8,303,672$3,189,997$50,810,475
94$114,991,710$8,625,213$3,211,523$55,695,403
95$126,632,837$8,959,821$3,231,081$61,069,747
96$139,458,586$9,308,052$3,248,522$66,983,150
97$153,589,702$9,670,487$3,263,688$73,490,309
98$169,159,241$10,047,730$3,276,411$80,651,491
99$186,313,829$10,440,415$3,286,516$88,533,101
100$205,215,047$10,849,202$3,293,822$97,208,305