Can I retire at age 49 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$132,952$131,768$130,613$129,485$128,384$124,624
2 years$65,818$64,592$63,404$62,252$61,135$57,377
3 years$43,443$42,212$41,027$39,886$38,787$35,149
4 years$32,257$31,030$29,857$28,735$27,663$24,173
5 years$25,548$24,328$23,170$22,072$21,029$17,697
6 years$21,076$19,866$18,725$17,651$16,639$13,468
7 years$17,884$16,683$15,561$14,512$13,532$10,521
8 years$15,490$14,300$13,197$12,173$11,226$8,374
9 years$13,630$12,451$11,366$10,369$9,454$6,758
10 years$12,142$10,975$9,909$8,938$8,055$5,511
11 years$10,926$9,770$8,724$7,779$6,928$4,531
12 years$9,913$8,769$7,742$6,823$6,004$3,750
13 years$9,056$7,925$6,917$6,024$5,235$3,119
14 years$8,323$7,204$6,215$5,347$4,589$2,606
15 years$7,688$6,581$5,611$4,769$4,041$2,185
16 years$7,133$6,038$5,088$4,270$3,571$1,836
17 years$6,644$5,560$4,630$3,837$3,166$1,548
18 years$6,209$5,138$4,226$3,458$2,815$1,307
19 years$5,821$4,762$3,869$3,124$2,509$1,105
20 years$5,472$4,425$3,551$2,830$2,242$936
21 years$5,157$4,122$3,266$2,568$2,006$793
22 years$4,870$3,847$3,010$2,335$1,798$673
23 years$4,609$3,598$2,779$2,126$1,614$572
24 years$4,370$3,372$2,570$1,939$1,451$486
25 years$4,151$3,164$2,381$1,771$1,305$413
26 years$3,949$2,974$2,208$1,619$1,176$352
27 years$3,762$2,799$2,050$1,482$1,060$299
28 years$3,588$2,637$1,906$1,358$957$255
29 years$3,427$2,488$1,774$1,245$864$217
30 years$3,277$2,349$1,652$1,143$780$185
31 years$3,137$2,221$1,540$1,050$706$158
32 years$3,006$2,102$1,437$965$638$134
33 years$2,883$1,990$1,342$887$578$115
34 years$2,768$1,886$1,254$816$523$98
35 years$2,659$1,789$1,172$751$474$83
36 years$2,557$1,698$1,096$692$429$71
37 years$2,461$1,613$1,026$638$389$61
38 years$2,369$1,533$961$588$353$52
39 years$2,283$1,457$900$542$320$44
40 years$2,201$1,387$844$500$290$38
41 years$2,123$1,320$791$461$263$32
42 years$2,050$1,257$742$426$239$27
43 years$1,980$1,198$697$393$217$23
44 years$1,913$1,142$654$363$197$20
45 years$1,849$1,089$614$335$179$17
46 years$1,789$1,039$577$309$162$14
47 years$1,731$991$542$286$147$12
48 years$1,675$946$509$264$134$11
49 years$1,623$904$479$244$121$9
50 years$1,572$863$450$226$110$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,610,000, adding $6,390 every year, while hoping to spend $52,416 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: 68/17/15 Blend
48$1,610,000$1,610,000$1,610,000$1,610,000
49$1,780,811$1,695,481$1,670,526$1,895,252
50$1,906,684$1,722,790$1,670,719$1,999,634
51$2,043,639$1,749,679$1,669,161$2,106,961
52$2,192,751$1,776,075$1,665,739$2,223,026
53$2,355,203$1,801,894$1,660,333$2,348,683
54$2,532,297$1,827,050$1,652,817$2,484,871
55$2,725,467$1,851,451$1,643,062$2,632,627
56$2,936,288$1,874,995$1,630,928$2,793,095
57$3,166,496$1,897,577$1,616,271$2,967,535
58$3,418,004$1,919,083$1,598,941$3,157,333
59$3,692,913$1,939,392$1,578,779$3,364,022
60$3,993,541$1,958,373$1,555,618$3,589,287
61$4,322,438$1,975,888$1,529,287$3,834,988
62$4,682,410$1,991,791$1,499,602$4,103,176
63$5,076,552$2,005,924$1,466,374$4,396,110
64$5,508,266$2,018,121$1,429,404$4,716,280
65$5,981,304$2,028,203$1,388,484$5,066,434
66$6,499,793$2,035,982$1,343,395$5,449,599
67$7,068,284$2,041,256$1,293,910$5,869,110
68$7,691,784$2,043,813$1,239,791$6,328,649
69$8,375,811$2,043,425$1,180,789$6,832,269
70$9,126,441$2,039,850$1,116,643$7,384,442
71$9,950,370$2,032,835$1,047,082$7,990,096
72$10,854,969$2,022,105$971,821$8,654,665
73$11,848,363$2,007,375$890,564$9,384,138
74$12,939,497$1,988,337$802,999$10,185,117
75$14,138,228$1,964,669$708,802$11,064,881
76$15,455,416$1,936,026$607,635$12,031,453
77$16,903,023$1,902,045$499,145$13,093,678
78$18,494,226$1,862,341$382,962$14,261,306
79$20,243,546$1,816,504$258,699$15,545,085
80$22,166,978$1,764,103$125,956$16,956,862
81$24,282,145$1,704,680$0$18,509,697
82$26,608,465$1,637,750$0$20,220,500
83$29,167,330$1,562,802$0$22,124,303
84$31,982,311$1,479,292$0$24,218,491
85$35,079,377$1,386,647$0$26,522,422
86$38,487,142$1,284,262$0$29,057,430
87$42,237,134$1,171,494$0$31,847,026
88$46,364,090$1,047,666$0$34,917,120
89$50,906,287$912,061$0$38,296,265
90$55,905,900$763,924$0$42,015,932
91$61,409,398$602,453$0$46,110,800
92$67,467,989$426,805$0$50,619,089
93$74,138,093$236,087$0$55,582,920
94$81,481,881$29,358$0$61,048,713
95$89,567,859$0$0$67,067,625
96$98,471,514$0$0$73,732,398
97$108,276,025$0$0$81,077,673
98$119,073,050$0$0$89,166,640
99$130,963,586$0$0$98,074,981
100$144,058,927$0$0$107,886,093