Can I retire at age 49 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$131,301$130,131$128,990$127,876$126,789$124,077
2 years$65,000$63,790$62,617$61,479$60,376$57,656
3 years$42,903$41,687$40,517$39,390$38,305$35,663
4 years$31,857$30,645$29,486$28,378$27,319$24,776
5 years$25,231$24,026$22,882$21,797$20,768$18,330
6 years$20,815$19,619$18,492$17,432$16,433$14,103
7 years$17,662$16,476$15,367$14,331$13,364$11,143
8 years$15,298$14,123$13,033$12,022$11,087$8,973
9 years$13,460$12,296$11,225$10,240$9,337$7,329
10 years$11,991$10,839$9,786$8,827$7,955$6,052
11 years$10,790$9,649$8,616$7,682$6,842$5,040
12 years$9,790$8,661$7,646$6,738$5,929$4,226
13 years$8,944$7,827$6,831$5,949$5,170$3,563
14 years$8,220$7,114$6,138$5,281$4,532$3,018
15 years$7,593$6,499$5,542$4,710$3,991$2,565
16 years$7,044$5,963$5,024$4,217$3,527$2,188
17 years$6,561$5,491$4,572$3,789$3,127$1,870
18 years$6,132$5,074$4,174$3,415$2,781$1,603
19 years$5,749$4,703$3,821$3,085$2,478$1,376
20 years$5,404$4,370$3,507$2,794$2,214$1,183
21 years$5,092$4,071$3,225$2,536$1,981$1,018
22 years$4,810$3,800$2,973$2,306$1,776$878
23 years$4,552$3,554$2,745$2,100$1,594$757
24 years$4,316$3,330$2,538$1,915$1,433$654
25 years$4,099$3,125$2,351$1,749$1,289$565
26 years$3,900$2,937$2,180$1,599$1,161$489
27 years$3,715$2,764$2,025$1,464$1,047$423
28 years$3,544$2,604$1,882$1,341$945$366
29 years$3,385$2,457$1,752$1,230$853$317
30 years$3,237$2,320$1,632$1,129$771$274
31 years$3,098$2,193$1,521$1,037$697$238
32 years$2,969$2,075$1,419$953$630$206
33 years$2,847$1,965$1,325$876$570$179
34 years$2,734$1,863$1,238$806$517$155
35 years$2,626$1,767$1,158$742$468$134
36 years$2,525$1,677$1,083$683$424$116
37 years$2,430$1,593$1,014$630$384$101
38 years$2,340$1,514$949$580$348$88
39 years$2,255$1,439$889$535$316$76
40 years$2,174$1,369$833$494$286$66
41 years$2,097$1,304$782$455$260$57
42 years$2,024$1,241$733$420$236$50
43 years$1,955$1,183$688$388$214$43
44 years$1,889$1,128$646$358$194$37
45 years$1,826$1,075$606$331$176$32
46 years$1,766$1,026$569$306$160$28
47 years$1,709$979$535$282$145$24
48 years$1,655$934$503$261$132$21
49 years$1,602$892$473$241$120$18
50 years$1,552$852$444$223$109$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,590,000, adding $5,430 every year, while hoping to spend $45,090 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: 46/31/23 Blend
48$1,590,000$1,590,000$1,590,000$1,590,000
49$1,757,781$1,673,511$1,648,866$1,826,816
50$1,889,099$1,707,538$1,656,128$1,909,916
51$2,032,301$1,741,720$1,662,121$1,995,153
52$2,188,550$1,776,019$1,666,757$2,086,724
53$2,359,129$1,810,391$1,669,940$2,185,240
54$2,545,448$1,844,788$1,671,571$2,291,378
55$2,749,061$1,879,160$1,671,546$2,405,884
56$2,971,677$1,913,451$1,669,755$2,529,581
57$3,215,181$1,947,602$1,666,084$2,663,378
58$3,481,644$1,981,549$1,660,412$2,808,276
59$3,773,349$2,015,223$1,652,614$2,965,379
60$4,092,811$2,048,549$1,642,556$3,135,906
61$4,442,796$2,081,447$1,630,101$3,321,202
62$4,826,355$2,113,831$1,615,103$3,522,750
63$5,246,844$2,145,610$1,597,410$3,742,186
64$5,707,962$2,176,684$1,576,862$3,981,315
65$6,213,780$2,206,948$1,553,294$4,242,126
66$6,768,786$2,236,289$1,526,529$4,526,817
67$7,377,920$2,264,584$1,496,385$4,837,808
68$8,046,625$2,291,706$1,462,672$5,177,773
69$8,780,897$2,317,516$1,425,188$5,549,657
70$9,587,340$2,341,867$1,383,723$5,956,712
71$10,473,231$2,364,600$1,338,060$6,402,523
72$11,446,584$2,385,549$1,287,969$6,891,042
73$12,516,230$2,404,535$1,233,209$7,426,633
74$13,691,895$2,421,366$1,173,531$8,014,104
75$14,984,296$2,435,842$1,108,673$8,658,761
76$16,405,241$2,447,745$1,038,360$9,366,452
77$17,967,738$2,456,847$962,308$10,143,631
78$19,686,118$2,462,903$880,216$10,997,412
79$21,576,172$2,465,655$791,773$11,935,641
80$23,655,296$2,464,826$696,651$12,966,970
81$25,942,659$2,460,126$594,512$14,100,939
82$28,459,380$2,451,242$484,998$15,348,071
83$31,228,730$2,437,846$367,739$16,719,965
84$34,276,348$2,419,588$242,346$18,229,414
85$37,630,486$2,396,098$108,415$19,890,521
86$41,322,270$2,366,982$0$21,718,838
87$45,386,002$2,331,824$0$23,739,983
88$49,859,473$2,290,182$0$25,993,334
89$54,784,327$2,241,589$0$28,473,214
90$60,206,450$2,185,549$0$31,202,723
91$66,176,405$2,121,538$0$34,207,320
92$72,749,906$2,049,001$0$37,515,066
93$79,988,344$1,967,350$0$41,156,889
94$87,959,369$1,875,963$0$45,166,880
95$96,737,522$1,774,183$0$49,582,611
96$106,404,946$1,661,314$0$54,445,493
97$117,052,153$1,536,621$0$59,801,170
98$128,778,883$1,399,326$0$65,699,947
99$141,695,043$1,248,607$0$72,197,270
100$155,921,744$1,083,595$0$79,354,249