Can I retire at age 49 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$134,604$133,405$132,235$131,093$129,978$126,836
2 years$66,636$65,395$64,192$63,026$61,895$58,748
3 years$43,982$42,736$41,536$40,381$39,268$36,215
4 years$32,658$31,416$30,228$29,092$28,007$25,071
5 years$25,865$24,630$23,458$22,346$21,290$18,480
6 years$21,338$20,112$18,958$17,870$16,846$14,164
7 years$18,106$16,890$15,754$14,692$13,700$11,147
8 years$15,683$14,478$13,361$12,325$11,366$8,940
9 years$13,799$12,606$11,507$10,498$9,572$7,271
10 years$12,293$11,111$10,032$9,049$8,156$5,978
11 years$11,061$9,892$8,832$7,876$7,014$4,956
12 years$10,036$8,878$7,839$6,908$6,078$4,137
13 years$9,169$8,023$7,003$6,099$5,300$3,472
14 years$8,426$7,293$6,292$5,414$4,646$2,926
15 years$7,784$6,662$5,681$4,828$4,091$2,476
16 years$7,222$6,113$5,151$4,323$3,616$2,101
17 years$6,726$5,629$4,687$3,884$3,206$1,787
18 years$6,286$5,202$4,279$3,500$2,850$1,523
19 years$5,893$4,821$3,917$3,163$2,541$1,301
20 years$5,540$4,480$3,595$2,865$2,269$1,112
21 years$5,221$4,173$3,306$2,600$2,031$953
22 years$4,931$3,895$3,047$2,364$1,820$817
23 years$4,666$3,643$2,814$2,153$1,634$701
24 years$4,425$3,413$2,602$1,964$1,469$602
25 years$4,202$3,203$2,410$1,793$1,322$517
26 years$3,998$3,011$2,235$1,640$1,190$445
27 years$3,808$2,833$2,076$1,501$1,073$382
28 years$3,633$2,670$1,930$1,375$968$329
29 years$3,470$2,519$1,796$1,261$875$283
30 years$3,318$2,379$1,673$1,157$790$244
31 years$3,176$2,249$1,559$1,063$714$210
32 years$3,043$2,128$1,455$977$646$181
33 years$2,919$2,015$1,358$898$585$156
34 years$2,802$1,910$1,269$826$529$134
35 years$2,692$1,811$1,187$761$480$116
36 years$2,589$1,719$1,110$701$435$100
37 years$2,491$1,633$1,039$646$394$86
38 years$2,399$1,552$973$595$357$74
39 years$2,311$1,476$912$549$324$64
40 years$2,228$1,404$854$506$294$55
41 years$2,150$1,336$801$467$266$48
42 years$2,075$1,273$752$431$242$41
43 years$2,004$1,213$705$398$219$35
44 years$1,937$1,156$662$367$199$31
45 years$1,872$1,102$622$339$181$26
46 years$1,811$1,052$584$313$164$23
47 years$1,752$1,003$548$289$149$20
48 years$1,696$958$515$267$135$17
49 years$1,643$915$484$247$123$15
50 years$1,591$874$455$228$112$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,630,000, adding $3,367 every year, while hoping to spend $21,996 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: 51/34/15 Blend
48$1,630,000$1,630,000$1,630,000$1,630,000
49$1,799,733$1,713,343$1,688,078$1,884,005
50$1,959,902$1,773,893$1,721,225$2,002,739
51$2,135,672$1,836,673$1,754,745$2,129,167
52$2,328,609$1,901,769$1,788,628$2,266,127
53$2,540,441$1,969,270$1,822,862$2,414,621
54$2,773,072$2,039,270$1,857,433$2,575,749
55$3,028,596$2,111,865$1,892,327$2,750,721
56$3,309,322$2,187,156$1,927,530$2,940,869
57$3,617,795$2,265,248$1,963,024$3,147,658
58$3,956,816$2,346,251$1,998,792$3,372,697
59$4,329,472$2,430,279$2,034,812$3,617,760
60$4,739,165$2,517,449$2,071,065$3,884,798
61$5,189,641$2,607,885$2,107,527$4,175,956
62$5,685,028$2,701,716$2,144,173$4,493,597
63$6,229,876$2,799,074$2,180,978$4,840,320
64$6,829,195$2,900,100$2,217,912$5,218,988
65$7,488,506$3,004,939$2,254,945$5,632,751
66$8,213,893$3,113,740$2,292,045$6,085,076
67$9,012,059$3,226,662$2,329,177$6,579,782
68$9,890,388$3,343,868$2,366,304$7,121,071
69$10,857,019$3,465,529$2,403,387$7,713,572
70$11,920,917$3,591,822$2,440,382$8,362,381
71$13,091,962$3,722,932$2,477,246$9,073,109
72$14,381,039$3,859,053$2,513,932$9,851,937
73$15,800,144$4,000,386$2,550,387$10,705,669
74$17,362,493$4,147,139$2,586,560$11,641,800
75$19,082,650$4,299,532$2,622,392$12,668,584
76$20,976,662$4,457,791$2,657,824$13,795,112
77$23,062,213$4,622,153$2,692,791$15,031,397
78$25,358,786$4,792,866$2,727,227$16,388,467
79$27,887,852$4,970,187$2,761,060$17,878,471
80$30,673,072$5,154,384$2,794,214$19,514,789
81$33,740,514$5,345,738$2,826,609$21,312,162
82$37,118,908$5,544,541$2,858,162$23,286,825
83$40,839,908$5,751,095$2,888,782$25,456,665
84$44,938,400$5,965,719$2,918,377$27,841,386
85$49,452,821$6,188,744$2,946,847$30,462,694
86$54,425,530$6,420,514$2,974,088$33,344,504
87$59,903,205$6,661,390$2,999,990$36,513,158
88$65,937,279$6,911,745$3,024,438$39,997,681
89$72,584,433$7,171,973$3,047,308$43,830,050
90$79,907,126$7,442,480$3,068,474$48,045,492
91$87,974,185$7,723,694$3,087,799$52,682,822
92$96,861,455$8,016,057$3,105,143$57,784,802
93$106,652,514$8,320,034$3,120,356$63,398,548
94$117,439,463$8,636,109$3,133,281$69,575,971
95$129,323,796$8,964,786$3,143,754$76,374,265
96$142,417,354$9,306,591$3,151,600$83,856,451
97$156,843,385$9,662,075$3,156,640$92,091,963
98$172,737,703$10,031,810$3,158,681$101,157,308
99$190,249,976$10,416,396$3,157,523$111,136,783
100$209,545,131$10,816,457$3,152,958$122,123,272