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%16.5%
1 years$130,475$129,313$128,179$127,072$125,991$122,647
2 years$64,592$63,389$62,223$61,092$59,996$56,650
3 years$42,633$41,425$40,262$39,142$38,064$34,821
4 years$31,656$30,452$29,301$28,200$27,147$24,032
5 years$25,072$23,875$22,738$21,660$20,637$17,659
6 years$20,684$19,495$18,376$17,322$16,329$13,490
7 years$17,550$16,372$15,271$14,241$13,280$10,581
8 years$15,202$14,034$12,951$11,947$11,017$8,456
9 years$13,376$12,219$11,154$10,176$9,278$6,853
10 years$11,916$10,771$9,725$8,772$7,905$5,613
11 years$10,722$9,588$8,561$7,634$6,799$4,636
12 years$9,728$8,606$7,598$6,696$5,892$3,854
13 years$8,888$7,777$6,788$5,912$5,138$3,222
14 years$8,168$7,069$6,099$5,248$4,504$2,704
15 years$7,545$6,458$5,507$4,680$3,965$2,278
16 years$7,000$5,925$4,993$4,190$3,505$1,925
17 years$6,520$5,457$4,543$3,765$3,107$1,630
18 years$6,093$5,042$4,147$3,393$2,763$1,384
19 years$5,712$4,673$3,797$3,066$2,463$1,176
20 years$5,370$4,343$3,484$2,777$2,200$1,001
21 years$5,060$4,045$3,205$2,520$1,969$854
22 years$4,779$3,776$2,954$2,291$1,765$728
23 years$4,523$3,531$2,727$2,087$1,584$622
24 years$4,289$3,309$2,522$1,903$1,424$532
25 years$4,073$3,105$2,336$1,738$1,281$455
26 years$3,875$2,918$2,167$1,589$1,154$389
27 years$3,692$2,746$2,012$1,455$1,040$333
28 years$3,521$2,588$1,870$1,333$939$285
29 years$3,363$2,441$1,741$1,222$848$244
30 years$3,216$2,306$1,621$1,122$766$209
31 years$3,079$2,180$1,512$1,030$692$179
32 years$2,950$2,062$1,410$947$626$154
33 years$2,830$1,953$1,317$871$567$132
34 years$2,716$1,851$1,230$801$513$113
35 years$2,610$1,756$1,150$737$465$97
36 years$2,509$1,666$1,076$679$421$83
37 years$2,415$1,583$1,007$626$382$71
38 years$2,325$1,504$943$577$346$61
39 years$2,240$1,430$884$532$314$53
40 years$2,160$1,361$828$491$285$45
41 years$2,084$1,295$777$453$258$39
42 years$2,012$1,234$728$418$234$33
43 years$1,943$1,175$684$386$213$28
44 years$1,877$1,120$642$356$193$24
45 years$1,815$1,068$603$329$175$21
46 years$1,755$1,019$566$304$159$18
47 years$1,699$973$532$281$144$15
48 years$1,644$929$500$259$131$13
49 years$1,592$887$470$240$119$11
50 years$1,543$847$441$221$108$10

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 $3,170 every year, while hoping to spend $24,410 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: 67/16/17 Blend
48$1,580,000$1,580,000$1,580,000$1,580,000
49$1,744,430$1,660,690$1,636,200$1,853,917
50$1,896,390$1,716,092$1,665,040$1,982,875
51$2,063,031$1,773,390$1,694,029$2,120,690
52$2,245,826$1,832,652$1,723,145$2,270,786
53$2,446,396$1,893,947$1,752,366$2,434,368
54$2,666,526$1,957,348$1,781,668$2,612,762
55$2,908,183$2,022,930$1,811,025$2,807,428
56$3,173,534$2,090,769$1,840,410$3,019,974
57$3,464,965$2,160,948$1,869,795$3,252,171
58$3,785,105$2,233,548$1,899,147$3,505,969
59$4,136,852$2,308,658$1,928,434$3,783,516
60$4,523,395$2,386,366$1,957,621$4,087,175
61$4,948,250$2,466,767$1,986,669$4,419,552
62$5,415,289$2,549,956$2,015,541$4,783,514
63$5,928,779$2,636,034$2,044,192$5,182,223
64$6,493,421$2,725,106$2,072,579$5,619,158
65$7,114,393$2,817,280$2,100,654$6,098,154
66$7,797,402$2,912,667$2,128,366$6,623,432
67$8,548,734$3,011,385$2,155,663$7,199,645
68$9,375,315$3,113,554$2,182,489$7,831,918
69$10,284,779$3,219,299$2,208,783$8,525,896
70$11,285,532$3,328,751$2,234,484$9,287,799
71$12,386,841$3,442,045$2,259,524$10,124,479
72$13,598,915$3,559,321$2,283,834$11,043,485
73$14,933,002$3,680,725$2,307,339$12,053,133
74$16,401,496$3,806,408$2,329,963$13,162,587
75$18,018,054$3,936,527$2,351,622$14,381,942
76$19,797,724$4,071,246$2,372,231$15,722,321
77$21,757,089$4,210,734$2,391,697$17,195,980
78$23,914,418$4,355,166$2,409,925$18,816,422
79$26,289,846$4,504,726$2,426,815$20,598,524
80$28,905,556$4,659,604$2,442,259$22,558,680
81$31,785,994$4,819,996$2,456,146$24,714,953
82$34,958,097$4,986,107$2,468,359$27,087,245
83$38,451,547$5,158,151$2,478,773$29,697,485
84$42,299,053$5,336,348$2,487,260$32,569,839
85$46,536,656$5,520,929$2,493,682$35,730,931
86$51,204,072$5,712,131$2,497,898$39,210,101
87$56,345,066$5,910,204$2,499,756$43,039,678
88$62,007,863$6,115,405$2,499,099$47,255,285
89$68,245,608$6,328,003$2,495,761$51,896,175
90$75,116,860$6,548,275$2,489,569$57,005,602
91$82,686,151$6,776,512$2,480,341$62,631,230
92$91,024,592$7,013,015$2,467,886$68,825,580
93$100,210,545$7,258,096$2,452,005$75,646,527
94$110,330,360$7,512,082$2,432,486$83,157,845
95$121,479,194$7,775,312$2,409,112$91,429,811
96$133,761,905$8,048,136$2,381,651$100,539,865
97$147,294,046$8,330,921$2,349,863$110,573,342
98$162,202,951$8,624,049$2,313,495$121,624,280
99$178,628,939$8,927,914$2,272,284$133,796,301
100$196,726,639$9,242,929$2,225,953$147,203,594