Can I retire at age 49 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$133,778$132,586$131,424$130,289$129,181$126,263
2 years$66,227$64,993$63,798$62,639$61,515$58,591
3 years$43,713$42,474$41,282$40,133$39,028$36,189
4 years$32,458$31,223$30,042$28,914$27,835$25,103
5 years$25,707$24,479$23,314$22,209$21,160$18,542
6 years$21,207$19,989$18,841$17,760$16,743$14,243
7 years$17,995$16,787$15,657$14,602$13,616$11,234
8 years$15,586$14,389$13,279$12,249$11,296$9,031
9 years$13,714$12,528$11,437$10,434$9,513$7,363
10 years$12,217$11,043$9,971$8,994$8,106$6,069
11 years$10,994$9,831$8,778$7,827$6,971$5,044
12 years$9,974$8,824$7,790$6,866$6,041$4,221
13 years$9,113$7,974$6,960$6,061$5,268$3,552
14 years$8,375$7,248$6,254$5,381$4,618$3,002
15 years$7,736$6,622$5,646$4,798$4,066$2,547
16 years$7,177$6,075$5,119$4,297$3,593$2,167
17 years$6,685$5,595$4,658$3,860$3,186$1,849
18 years$6,248$5,170$4,252$3,479$2,833$1,581
19 years$5,857$4,791$3,893$3,144$2,525$1,354
20 years$5,506$4,452$3,573$2,847$2,255$1,161
21 years$5,189$4,147$3,286$2,584$2,018$998
22 years$4,900$3,871$3,029$2,349$1,809$858
23 years$4,638$3,621$2,797$2,140$1,624$738
24 years$4,397$3,392$2,586$1,951$1,460$636
25 years$4,177$3,184$2,395$1,782$1,314$548
26 years$3,973$2,992$2,222$1,630$1,183$473
27 years$3,785$2,816$2,063$1,492$1,067$408
28 years$3,611$2,653$1,918$1,367$963$352
29 years$3,449$2,503$1,785$1,253$869$304
30 years$3,298$2,364$1,662$1,150$785$263
31 years$3,157$2,235$1,550$1,056$710$227
32 years$3,025$2,115$1,446$971$642$196
33 years$2,901$2,003$1,350$893$581$170
34 years$2,785$1,898$1,261$821$526$147
35 years$2,676$1,800$1,179$756$477$127
36 years$2,573$1,709$1,103$696$432$110
37 years$2,476$1,623$1,033$642$391$95
38 years$2,384$1,542$967$591$355$82
39 years$2,297$1,467$906$545$322$71
40 years$2,215$1,395$849$503$292$62
41 years$2,137$1,328$796$464$265$53
42 years$2,062$1,265$747$428$240$46
43 years$1,992$1,205$701$395$218$40
44 years$1,925$1,149$658$365$198$35
45 years$1,861$1,095$618$337$180$30
46 years$1,800$1,045$580$311$163$26
47 years$1,742$997$545$288$148$22
48 years$1,686$952$512$266$135$19
49 years$1,633$909$481$246$122$17
50 years$1,582$868$453$227$111$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,620,000, adding $3,723 every year, while hoping to spend $45,797 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: 47/26/27 Blend
48$1,620,000$1,620,000$1,620,000$1,620,000
49$1,789,080$1,703,220$1,678,110$1,859,173
50$1,922,839$1,737,950$1,685,599$1,943,679
51$2,068,706$1,772,847$1,691,804$2,030,586
52$2,227,868$1,807,871$1,696,634$2,124,033
53$2,401,631$1,842,978$1,699,992$2,224,658
54$2,591,434$1,878,120$1,701,778$2,333,165
55$2,798,859$1,913,247$1,701,887$2,450,331
56$3,025,649$1,948,302$1,700,206$2,577,011
57$3,273,723$1,983,227$1,696,621$2,714,152
58$3,545,193$2,017,955$1,691,008$2,862,796
59$3,842,386$2,052,418$1,683,240$3,024,093
60$4,167,864$2,086,541$1,673,183$3,199,313
61$4,524,447$2,120,242$1,660,695$3,389,855
62$4,915,243$2,153,437$1,645,631$3,597,264
63$5,343,673$2,186,030$1,627,835$3,823,244
64$5,813,506$2,217,924$1,607,145$4,069,674
65$6,328,892$2,249,010$1,583,393$4,338,629
66$6,894,403$2,279,176$1,556,401$4,632,396
67$7,515,075$2,308,299$1,525,984$4,953,498
68$8,196,456$2,336,249$1,491,947$5,304,719
69$8,944,655$2,362,885$1,454,087$5,689,128
70$9,766,403$2,388,060$1,412,193$6,110,113
71$10,669,115$2,411,614$1,366,040$6,571,408
72$11,660,960$2,433,378$1,315,398$7,077,134
73$12,750,936$2,453,172$1,260,022$7,631,835
74$13,948,958$2,470,804$1,199,659$8,240,521
75$15,265,947$2,486,068$1,134,043$8,908,721
76$16,713,935$2,498,747$1,062,895$9,642,529
77$18,306,181$2,508,610$985,926$10,448,669
78$20,057,290$2,515,410$902,833$11,334,553
79$21,983,353$2,518,886$813,298$12,308,357
80$24,102,103$2,518,758$716,991$13,379,097
81$26,433,072$2,514,733$613,566$14,556,712
82$28,997,787$2,506,496$502,661$15,852,166
83$31,819,961$2,493,714$383,900$17,277,546
84$34,925,725$2,476,034$256,889$18,846,180
85$38,343,872$2,453,082$121,217$20,572,763
86$42,106,124$2,424,461$0$22,473,500
87$46,247,439$2,389,750$0$24,573,046
88$50,806,332$2,348,502$0$26,922,017
89$55,825,244$2,300,245$0$29,507,307
90$61,350,940$2,244,478$0$32,352,999
91$67,434,951$2,180,672$0$35,485,638
92$74,134,056$2,108,265$0$38,934,478
93$81,510,823$2,026,663$0$42,731,763
94$89,634,195$1,935,238$0$46,913,028
95$98,580,144$1,833,326$0$51,517,440
96$108,432,382$1,720,222$0$56,588,163
97$119,283,156$1,595,184$0$62,172,772
98$131,234,116$1,457,425$0$68,323,699
99$144,397,271$1,306,115$0$75,098,731
100$158,896,052$1,140,374$0$82,561,558