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%17.9%
1 years$132,127$130,950$129,801$128,681$127,586$123,502
2 years$65,409$64,191$63,010$61,866$60,755$56,678
3 years$43,173$41,950$40,772$39,638$38,546$34,604
4 years$32,057$30,837$29,671$28,557$27,491$23,714
5 years$25,389$24,177$23,026$21,934$20,898$17,297
6 years$20,945$19,742$18,609$17,541$16,536$13,113
7 years$17,773$16,579$15,464$14,422$13,448$10,203
8 years$15,394$14,212$13,115$12,098$11,157$8,088
9 years$13,545$12,374$11,296$10,305$9,396$6,499
10 years$12,067$10,907$9,848$8,883$8,005$5,277
11 years$10,858$9,710$8,670$7,731$6,885$4,319
12 years$9,851$8,715$7,694$6,781$5,966$3,558
13 years$9,000$7,876$6,874$5,986$5,203$2,946
14 years$8,271$7,159$6,177$5,314$4,561$2,449
15 years$7,640$6,540$5,577$4,739$4,016$2,043
16 years$7,089$6,000$5,056$4,243$3,549$1,709
17 years$6,602$5,526$4,601$3,813$3,147$1,432
18 years$6,171$5,106$4,200$3,436$2,798$1,203
19 years$5,785$4,732$3,845$3,105$2,494$1,012
20 years$5,438$4,398$3,529$2,812$2,228$852
21 years$5,124$4,096$3,246$2,552$1,993$719
22 years$4,840$3,824$2,991$2,320$1,787$607
23 years$4,581$3,576$2,762$2,113$1,604$512
24 years$4,343$3,351$2,554$1,927$1,442$433
25 years$4,125$3,144$2,366$1,760$1,297$366
26 years$3,924$2,955$2,194$1,609$1,169$310
27 years$3,738$2,781$2,038$1,473$1,054$262
28 years$3,566$2,621$1,894$1,350$951$222
29 years$3,406$2,472$1,763$1,238$858$188
30 years$3,257$2,335$1,642$1,136$776$159
31 years$3,118$2,207$1,531$1,043$701$135
32 years$2,987$2,088$1,428$959$634$114
33 years$2,865$1,978$1,333$882$574$97
34 years$2,751$1,875$1,246$811$520$82
35 years$2,643$1,778$1,165$747$471$70
36 years$2,541$1,688$1,090$688$427$59
37 years$2,445$1,603$1,020$634$387$50
38 years$2,355$1,523$955$584$350$42
39 years$2,269$1,448$895$539$318$36
40 years$2,187$1,378$839$497$288$31
41 years$2,110$1,312$786$458$262$26
42 years$2,037$1,249$738$423$237$22
43 years$1,967$1,190$692$390$215$19
44 years$1,901$1,135$650$361$195$16
45 years$1,838$1,082$610$333$177$13
46 years$1,778$1,032$573$308$161$11
47 years$1,720$985$538$284$146$10
48 years$1,665$940$506$263$133$8
49 years$1,612$898$476$243$121$7
50 years$1,562$858$447$224$110$6

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 $3,357 every year, while hoping to spend $51,796 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: 32/48/20 Blend
48$1,600,000$1,600,000$1,600,000$1,600,000
49$1,766,663$1,681,863$1,657,063$1,812,145
50$1,891,752$1,709,163$1,657,464$1,873,767
51$2,027,864$1,736,066$1,656,142$1,935,148
52$2,176,069$1,762,496$1,652,986$2,000,179
53$2,337,544$1,788,374$1,647,877$2,069,212
54$2,513,584$1,813,615$1,640,691$2,142,634
55$2,705,614$1,838,127$1,631,299$2,220,877
56$2,915,205$1,861,813$1,619,566$2,304,415
57$3,144,083$1,884,569$1,605,348$2,393,777
58$3,394,150$1,906,283$1,588,498$2,489,547
59$3,667,498$1,926,836$1,568,858$2,592,370
60$3,966,433$1,946,102$1,546,265$2,702,961
61$4,293,493$1,963,944$1,520,548$2,822,112
62$4,651,470$1,980,219$1,491,527$2,950,699
63$5,043,443$1,994,772$1,459,016$3,089,690
64$5,472,798$2,007,440$1,422,818$3,240,158
65$5,943,269$2,018,050$1,382,727$3,403,289
66$6,458,962$2,026,415$1,338,529$3,580,393
67$7,024,406$2,032,338$1,289,999$3,772,921
68$7,644,583$2,035,610$1,236,901$3,982,478
69$8,324,985$2,036,009$1,178,992$4,210,836
70$9,071,658$2,033,298$1,116,013$4,459,957
71$9,891,263$2,027,227$1,047,696$4,732,008
72$10,791,139$2,017,528$973,761$5,029,383
73$11,779,368$2,003,919$893,914$5,354,732
74$12,864,853$1,986,101$807,850$5,710,979
75$14,057,404$1,963,756$715,248$6,101,357
76$15,367,825$1,936,546$615,775$6,529,439
77$16,808,021$1,904,114$509,082$6,999,171
78$18,391,106$1,866,083$394,803$7,514,911
79$20,131,529$1,822,051$272,559$8,081,475
80$22,045,208$1,771,595$141,953$8,704,181
81$24,149,681$1,714,264$2,569$9,388,901
82$26,464,269$1,649,584$0$10,142,121
83$29,010,262$1,577,051$0$11,002,196
84$31,811,115$1,496,133$0$11,948,450
85$34,892,673$1,406,267$0$12,989,164
86$38,283,408$1,306,857$0$14,134,079
87$42,014,698$1,197,275$0$15,393,941
88$46,121,109$1,076,853$0$16,780,605
89$50,640,733$944,890$0$18,307,148
90$55,615,540$800,642$0$19,987,995
91$61,091,775$643,324$0$21,839,058
92$67,120,395$472,105$0$23,877,888
93$73,757,548$286,111$0$26,123,843
94$81,065,102$84,415$0$28,598,274
95$89,111,232$0$0$31,324,728
96$97,971,059$0$0$34,399,932
97$107,727,357$0$0$37,835,713
98$118,471,341$0$0$41,619,644
99$130,303,518$0$0$45,787,163
100$143,334,643$0$0$50,377,322