Can I retire at age 49 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$132,127$130,950$129,801$128,681$127,586$126,097
2 years$65,409$64,191$63,010$61,866$60,755$59,256
3 years$43,173$41,950$40,772$39,638$38,546$37,083
4 years$32,057$30,837$29,671$28,557$27,491$26,077
5 years$25,389$24,177$23,026$21,934$20,898$19,536
6 years$20,945$19,742$18,609$17,541$16,536$15,228
7 years$17,773$16,579$15,464$14,422$13,448$12,194
8 years$15,394$14,212$13,115$12,098$11,157$9,957
9 years$13,545$12,374$11,296$10,305$9,396$8,249
10 years$12,067$10,907$9,848$8,883$8,005$6,912
11 years$10,858$9,710$8,670$7,731$6,885$5,844
12 years$9,851$8,715$7,694$6,781$5,966$4,976
13 years$9,000$7,876$6,874$5,986$5,203$4,263
14 years$8,271$7,159$6,177$5,314$4,561$3,669
15 years$7,640$6,540$5,577$4,739$4,016$3,171
16 years$7,089$6,000$5,056$4,243$3,549$2,750
17 years$6,602$5,526$4,601$3,813$3,147$2,391
18 years$6,171$5,106$4,200$3,436$2,798$2,085
19 years$5,785$4,732$3,845$3,105$2,494$1,822
20 years$5,438$4,398$3,529$2,812$2,228$1,595
21 years$5,124$4,096$3,246$2,552$1,993$1,398
22 years$4,840$3,824$2,991$2,320$1,787$1,227
23 years$4,581$3,576$2,762$2,113$1,604$1,079
24 years$4,343$3,351$2,554$1,927$1,442$949
25 years$4,125$3,144$2,366$1,760$1,297$836
26 years$3,924$2,955$2,194$1,609$1,169$737
27 years$3,738$2,781$2,038$1,473$1,054$650
28 years$3,566$2,621$1,894$1,350$951$573
29 years$3,406$2,472$1,763$1,238$858$506
30 years$3,257$2,335$1,642$1,136$776$447
31 years$3,118$2,207$1,531$1,043$701$395
32 years$2,987$2,088$1,428$959$634$349
33 years$2,865$1,978$1,333$882$574$309
34 years$2,751$1,875$1,246$811$520$273
35 years$2,643$1,778$1,165$747$471$242
36 years$2,541$1,688$1,090$688$427$214
37 years$2,445$1,603$1,020$634$387$189
38 years$2,355$1,523$955$584$350$168
39 years$2,269$1,448$895$539$318$149
40 years$2,187$1,378$839$497$288$132
41 years$2,110$1,312$786$458$262$117
42 years$2,037$1,249$738$423$237$103
43 years$1,967$1,190$692$390$215$91
44 years$1,901$1,135$650$361$195$81
45 years$1,838$1,082$610$333$177$72
46 years$1,778$1,032$573$308$161$64
47 years$1,720$985$538$284$146$56
48 years$1,665$940$506$263$133$50
49 years$1,612$898$476$243$121$44
50 years$1,562$858$447$224$110$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,600,000, adding $2,368 every year, while hoping to spend $31,816 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: 42/49/9 Blend
48$1,600,000$1,600,000$1,600,000$1,600,000
49$1,765,643$1,680,843$1,656,043$1,835,046
50$1,911,886$1,729,352$1,677,668$1,932,215
51$2,071,980$1,779,172$1,698,952$2,033,975
52$2,247,304$1,830,333$1,719,848$2,143,440
53$2,439,376$1,882,867$1,740,310$2,261,324
54$2,649,869$1,936,804$1,760,288$2,388,413
55$2,880,626$1,992,177$1,779,727$2,525,571
56$3,133,674$2,049,018$1,798,572$2,673,748
57$3,411,249$2,107,360$1,816,765$2,833,991
58$3,715,811$2,167,236$1,834,241$3,007,450
59$4,050,073$2,228,679$1,850,937$3,195,390
60$4,417,019$2,291,723$1,866,782$3,399,205
61$4,819,940$2,356,402$1,881,704$3,620,429
62$5,262,459$2,422,751$1,895,626$3,860,748
63$5,748,567$2,490,804$1,908,467$4,122,020
64$6,282,663$2,560,595$1,920,143$4,406,292
65$6,869,590$2,632,160$1,930,564$4,715,815
66$7,514,686$2,705,533$1,939,635$5,053,069
67$8,223,831$2,780,751$1,947,260$5,420,783
68$9,003,501$2,857,847$1,953,332$5,821,965
69$9,860,835$2,936,858$1,957,745$6,259,926
70$10,803,694$3,017,818$1,960,384$6,738,313
71$11,840,742$3,100,762$1,961,128$7,261,142
72$12,981,523$3,185,726$1,959,851$7,832,838
73$14,236,555$3,272,742$1,956,422$8,458,272
74$15,617,423$3,361,847$1,950,703$9,142,814
75$17,136,896$3,453,073$1,942,546$9,892,376
76$18,809,039$3,546,453$1,931,802$10,713,472
77$20,649,353$3,642,021$1,918,309$11,613,277
78$22,674,915$3,739,808$1,901,900$12,599,698
79$24,904,543$3,839,845$1,882,401$13,681,443
80$27,358,972$3,942,163$1,859,627$14,868,108
81$30,061,049$4,046,791$1,833,386$16,170,265
82$33,035,949$4,153,757$1,803,478$17,599,562
83$36,311,412$4,263,087$1,769,690$19,168,833
84$39,918,004$4,374,807$1,731,803$20,892,216
85$43,889,409$4,488,941$1,689,587$22,785,294
86$48,262,739$4,605,509$1,642,798$24,865,232
87$53,078,892$4,724,533$1,591,186$27,150,946
88$58,382,933$4,846,030$1,534,485$29,663,280
89$64,224,522$4,970,014$1,472,419$32,425,199
90$70,658,378$5,096,500$1,404,700$35,462,011
91$77,744,800$5,225,496$1,331,026$38,801,601
92$85,550,235$5,357,010$1,251,080$42,474,697
93$94,147,901$5,491,046$1,164,533$46,515,161
94$103,618,482$5,627,603$1,071,041$50,960,303
95$114,050,889$5,766,677$970,242$55,851,239
96$125,543,096$5,908,261$861,762$61,233,278
97$138,203,067$6,052,341$745,206$67,156,347
98$152,149,774$6,198,900$620,165$73,675,463
99$167,514,321$6,347,915$486,210$80,851,255
100$184,441,177$6,499,359$342,893$88,750,535