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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$134,604$133,405$132,235$131,093$129,978$125,367
2 years$66,636$65,395$64,192$63,026$61,895$57,297
3 years$43,982$42,736$41,536$40,381$39,268$34,830
4 years$32,658$31,416$30,228$29,092$28,007$23,762
5 years$25,865$24,630$23,458$22,346$21,290$17,249
6 years$21,338$20,112$18,958$17,870$16,846$13,013
7 years$18,106$16,890$15,754$14,692$13,700$10,073
8 years$15,683$14,478$13,361$12,325$11,366$7,942
9 years$13,799$12,606$11,507$10,498$9,572$6,347
10 years$12,293$11,111$10,032$9,049$8,156$5,124
11 years$11,061$9,892$8,832$7,876$7,014$4,170
12 years$10,036$8,878$7,839$6,908$6,078$3,414
13 years$9,169$8,023$7,003$6,099$5,300$2,810
14 years$8,426$7,293$6,292$5,414$4,646$2,321
15 years$7,784$6,662$5,681$4,828$4,091$1,924
16 years$7,222$6,113$5,151$4,323$3,616$1,599
17 years$6,726$5,629$4,687$3,884$3,206$1,331
18 years$6,286$5,202$4,279$3,500$2,850$1,111
19 years$5,893$4,821$3,917$3,163$2,541$928
20 years$5,540$4,480$3,595$2,865$2,269$776
21 years$5,221$4,173$3,306$2,600$2,031$650
22 years$4,931$3,895$3,047$2,364$1,820$545
23 years$4,666$3,643$2,814$2,153$1,634$457
24 years$4,425$3,413$2,602$1,964$1,469$383
25 years$4,202$3,203$2,410$1,793$1,322$322
26 years$3,998$3,011$2,235$1,640$1,190$270
27 years$3,808$2,833$2,076$1,501$1,073$227
28 years$3,633$2,670$1,930$1,375$968$191
29 years$3,470$2,519$1,796$1,261$875$161
30 years$3,318$2,379$1,673$1,157$790$135
31 years$3,176$2,249$1,559$1,063$714$114
32 years$3,043$2,128$1,455$977$646$95
33 years$2,919$2,015$1,358$898$585$80
34 years$2,802$1,910$1,269$826$529$68
35 years$2,692$1,811$1,187$761$480$57
36 years$2,589$1,719$1,110$701$435$48
37 years$2,491$1,633$1,039$646$394$40
38 years$2,399$1,552$973$595$357$34
39 years$2,311$1,476$912$549$324$29
40 years$2,228$1,404$854$506$294$24
41 years$2,150$1,336$801$467$266$20
42 years$2,075$1,273$752$431$242$17
43 years$2,004$1,213$705$398$219$14
44 years$1,937$1,156$662$367$199$12
45 years$1,872$1,102$622$339$181$10
46 years$1,811$1,052$584$313$164$9
47 years$1,752$1,003$548$289$149$7
48 years$1,696$958$515$267$135$6
49 years$1,643$915$484$247$123$5
50 years$1,591$874$455$228$112$4

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 $4,637 every year, while hoping to spend $28,580 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: 38/44/18 Blend
48$1,630,000$1,630,000$1,630,000$1,630,000
49$1,801,043$1,714,653$1,689,388$1,859,580
50$1,954,341$1,768,262$1,715,574$1,955,725
51$2,122,317$1,823,540$1,741,679$2,056,500
52$2,306,438$1,880,539$1,767,670$2,164,812
53$2,508,321$1,939,311$1,793,513$2,281,354
54$2,729,744$1,999,912$1,819,170$2,406,891
55$2,972,668$2,062,398$1,844,603$2,542,263
56$3,239,252$2,126,828$1,869,769$2,688,391
57$3,531,874$2,193,260$1,894,624$2,846,292
58$3,853,153$2,261,758$1,919,122$3,017,083
59$4,205,975$2,332,384$1,943,213$3,201,992
60$4,593,518$2,405,205$1,966,844$3,402,371
61$5,019,285$2,480,287$1,989,961$3,619,707
62$5,487,132$2,557,702$2,012,505$3,855,638
63$6,001,310$2,637,520$2,034,415$4,111,964
64$6,566,501$2,719,816$2,055,625$4,390,668
65$7,187,862$2,804,665$2,076,067$4,693,934
66$7,871,077$2,892,147$2,095,668$5,024,163
67$8,622,407$2,982,342$2,114,353$5,384,000
68$9,448,749$3,075,333$2,132,040$5,776,359
69$10,357,705$3,171,207$2,148,647$6,204,445
70$11,357,647$3,270,053$2,164,082$6,671,790
71$12,457,802$3,371,960$2,178,254$7,182,282
72$13,668,335$3,477,024$2,191,063$7,740,203
73$15,000,448$3,585,341$2,202,407$8,350,269
74$16,466,482$3,697,011$2,212,175$9,017,674
75$18,080,034$3,812,136$2,220,255$9,748,140
76$19,856,090$3,930,822$2,226,525$10,547,966
77$21,811,157$4,053,178$2,230,860$11,424,093
78$23,963,428$4,179,317$2,233,126$12,384,168
79$26,332,948$4,309,354$2,233,187$13,436,610
80$28,941,805$4,443,409$2,230,894$14,590,699
81$31,814,336$4,581,603$2,226,096$15,856,654
82$34,977,360$4,724,063$2,218,632$17,245,733
83$38,460,428$4,870,920$2,208,334$18,770,342
84$42,296,104$5,022,307$2,195,025$20,444,145
85$46,520,269$5,178,362$2,178,521$22,282,197
86$51,172,463$5,339,228$2,158,628$24,301,086
87$56,296,255$5,505,051$2,135,143$26,519,088
88$61,939,656$5,675,982$2,107,853$28,956,337
89$68,155,571$5,852,175$2,076,536$31,635,018
90$75,002,299$6,033,791$2,040,960$34,579,575
91$82,544,081$6,220,994$2,000,879$37,816,941
92$90,851,708$6,413,954$1,956,040$41,376,791
93$100,003,190$6,612,846$1,906,175$45,291,823
94$110,084,488$6,817,848$1,851,005$49,598,066
95$121,190,329$7,029,145$1,790,236$54,335,218
96$133,425,098$7,246,929$1,723,565$59,547,025
97$146,903,825$7,471,395$1,650,671$65,281,685
98$161,753,266$7,702,745$1,571,220$71,592,312
99$178,113,106$7,941,187$1,484,863$78,537,430
100$196,137,272$8,186,934$1,391,235$86,181,529