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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$132,127$130,950$129,801$128,681$127,586$125,524
2 years$65,409$64,191$63,010$61,866$60,755$58,684
3 years$43,173$41,950$40,772$39,638$38,546$36,529
4 years$32,057$30,837$29,671$28,557$27,491$25,544
5 years$25,389$24,177$23,026$21,934$20,898$19,027
6 years$20,945$19,742$18,609$17,541$16,536$14,743
7 years$17,773$16,579$15,464$14,422$13,448$11,734
8 years$15,394$14,212$13,115$12,098$11,157$9,521
9 years$13,545$12,374$11,296$10,305$9,396$7,837
10 years$12,067$10,907$9,848$8,883$8,005$6,523
11 years$10,858$9,710$8,670$7,731$6,885$5,477
12 years$9,851$8,715$7,694$6,781$5,966$4,631
13 years$9,000$7,876$6,874$5,986$5,203$3,938
14 years$8,271$7,159$6,177$5,314$4,561$3,365
15 years$7,640$6,540$5,577$4,739$4,016$2,887
16 years$7,089$6,000$5,056$4,243$3,549$2,484
17 years$6,602$5,526$4,601$3,813$3,147$2,144
18 years$6,171$5,106$4,200$3,436$2,798$1,854
19 years$5,785$4,732$3,845$3,105$2,494$1,607
20 years$5,438$4,398$3,529$2,812$2,228$1,395
21 years$5,124$4,096$3,246$2,552$1,993$1,213
22 years$4,840$3,824$2,991$2,320$1,787$1,056
23 years$4,581$3,576$2,762$2,113$1,604$921
24 years$4,343$3,351$2,554$1,927$1,442$803
25 years$4,125$3,144$2,366$1,760$1,297$701
26 years$3,924$2,955$2,194$1,609$1,169$613
27 years$3,738$2,781$2,038$1,473$1,054$535
28 years$3,566$2,621$1,894$1,350$951$468
29 years$3,406$2,472$1,763$1,238$858$410
30 years$3,257$2,335$1,642$1,136$776$359
31 years$3,118$2,207$1,531$1,043$701$314
32 years$2,987$2,088$1,428$959$634$275
33 years$2,865$1,978$1,333$882$574$241
34 years$2,751$1,875$1,246$811$520$211
35 years$2,643$1,778$1,165$747$471$185
36 years$2,541$1,688$1,090$688$427$163
37 years$2,445$1,603$1,020$634$387$143
38 years$2,355$1,523$955$584$350$125
39 years$2,269$1,448$895$539$318$110
40 years$2,187$1,378$839$497$288$96
41 years$2,110$1,312$786$458$262$84
42 years$2,037$1,249$738$423$237$74
43 years$1,967$1,190$692$390$215$65
44 years$1,901$1,135$650$361$195$57
45 years$1,838$1,082$610$333$177$50
46 years$1,778$1,032$573$308$161$44
47 years$1,720$985$538$284$146$39
48 years$1,665$940$506$263$133$34
49 years$1,612$898$476$243$121$30
50 years$1,562$858$447$224$110$26

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 $3,451 every year, while hoping to spend $28,703 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: 30/49/21 Blend
48$1,600,000$1,600,000$1,600,000$1,600,000
49$1,766,760$1,681,960$1,657,160$1,808,077
50$1,916,429$1,733,836$1,682,135$1,891,745
51$2,080,403$1,787,292$1,706,985$1,978,885
52$2,260,111$1,842,375$1,731,674$2,072,029
53$2,457,124$1,899,134$1,756,168$2,171,715
54$2,673,177$1,957,618$1,780,426$2,278,534
55$2,910,179$2,017,879$1,804,408$2,393,133
56$3,170,231$2,079,969$1,828,070$2,516,226
57$3,455,650$2,143,943$1,851,365$2,648,596
58$3,768,987$2,209,856$1,874,246$2,791,105
59$4,113,051$2,277,767$1,896,661$2,944,700
60$4,490,937$2,347,733$1,918,554$3,110,422
61$4,906,056$2,419,815$1,939,869$3,289,419
62$5,362,165$2,494,077$1,960,546$3,482,950
63$5,863,400$2,570,581$1,980,519$3,692,404
64$6,414,322$2,649,395$1,999,721$3,919,306
65$7,019,953$2,730,585$2,018,082$4,165,337
66$7,685,826$2,814,222$2,035,526$4,432,345
67$8,418,039$2,900,377$2,051,974$4,722,366
68$9,223,307$2,989,123$2,067,343$5,037,641
69$10,109,031$3,080,538$2,081,546$5,380,635
70$11,083,365$3,174,697$2,094,491$5,754,065
71$12,155,293$3,271,681$2,106,080$6,160,920
72$13,334,711$3,371,572$2,116,213$6,604,494
73$14,632,527$3,474,455$2,124,781$7,088,412
74$16,060,758$3,580,415$2,131,674$7,616,667
75$17,632,642$3,689,543$2,136,772$8,193,656
76$19,362,770$3,801,929$2,139,953$8,824,223
77$21,267,217$3,917,667$2,141,085$9,513,702
78$23,363,694$4,036,854$2,140,033$10,267,969
79$25,671,719$4,159,589$2,136,652$11,093,497
80$28,212,799$4,285,973$2,130,794$11,997,415
81$31,010,629$4,416,110$2,122,301$12,987,576
82$34,091,322$4,550,109$2,111,007$14,072,634
83$37,483,650$4,688,077$2,096,739$15,262,118
84$41,219,319$4,830,129$2,079,316$16,566,530
85$45,333,265$4,976,381$2,058,548$17,997,438
86$49,863,984$5,126,950$2,034,236$19,567,587
87$54,853,899$5,281,959$2,006,171$21,291,019
88$60,349,754$5,441,533$1,974,135$23,183,205
89$66,403,061$5,605,799$1,937,901$25,261,192
90$73,070,580$5,774,891$1,897,227$27,543,759
91$80,414,860$5,948,941$1,851,865$30,051,602
92$88,504,826$6,128,089$1,801,553$32,807,520
93$97,416,429$6,312,476$1,746,016$35,836,638
94$107,233,365$6,502,248$1,684,967$39,166,637
95$118,047,863$6,697,553$1,618,109$42,828,020
96$129,961,556$6,898,544$1,545,126$46,854,398
97$143,086,439$7,105,377$1,465,692$51,282,805
98$157,545,927$7,318,212$1,379,464$56,154,052
99$173,476,020$7,537,213$1,286,085$61,513,106
100$191,026,586$7,762,548$1,185,181$67,409,518