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%13.4%
1 years$134,604$133,405$132,235$131,093$129,978$128,142
2 years$66,636$65,395$64,192$63,026$61,895$60,048
3 years$43,982$42,736$41,536$40,381$39,268$37,469
4 years$32,658$31,416$30,228$29,092$28,007$26,268
5 years$25,865$24,630$23,458$22,346$21,290$19,618
6 years$21,338$20,112$18,958$17,870$16,846$15,242
7 years$18,106$16,890$15,754$14,692$13,700$12,165
8 years$15,683$14,478$13,361$12,325$11,366$9,899
9 years$13,799$12,606$11,507$10,498$9,572$8,172
10 years$12,293$11,111$10,032$9,049$8,156$6,823
11 years$11,061$9,892$8,832$7,876$7,014$5,747
12 years$10,036$8,878$7,839$6,908$6,078$4,875
13 years$9,169$8,023$7,003$6,099$5,300$4,159
14 years$8,426$7,293$6,292$5,414$4,646$3,566
15 years$7,784$6,662$5,681$4,828$4,091$3,069
16 years$7,222$6,113$5,151$4,323$3,616$2,651
17 years$6,726$5,629$4,687$3,884$3,206$2,295
18 years$6,286$5,202$4,279$3,500$2,850$1,993
19 years$5,893$4,821$3,917$3,163$2,541$1,733
20 years$5,540$4,480$3,595$2,865$2,269$1,511
21 years$5,221$4,173$3,306$2,600$2,031$1,318
22 years$4,931$3,895$3,047$2,364$1,820$1,152
23 years$4,666$3,643$2,814$2,153$1,634$1,008
24 years$4,425$3,413$2,602$1,964$1,469$883
25 years$4,202$3,203$2,410$1,793$1,322$774
26 years$3,998$3,011$2,235$1,640$1,190$679
27 years$3,808$2,833$2,076$1,501$1,073$596
28 years$3,633$2,670$1,930$1,375$968$523
29 years$3,470$2,519$1,796$1,261$875$460
30 years$3,318$2,379$1,673$1,157$790$404
31 years$3,176$2,249$1,559$1,063$714$355
32 years$3,043$2,128$1,455$977$646$313
33 years$2,919$2,015$1,358$898$585$275
34 years$2,802$1,910$1,269$826$529$242
35 years$2,692$1,811$1,187$761$480$213
36 years$2,589$1,719$1,110$701$435$188
37 years$2,491$1,633$1,039$646$394$165
38 years$2,399$1,552$973$595$357$146
39 years$2,311$1,476$912$549$324$128
40 years$2,228$1,404$854$506$294$113
41 years$2,150$1,336$801$467$266$100
42 years$2,075$1,273$752$431$242$88
43 years$2,004$1,213$705$398$219$77
44 years$1,937$1,156$662$367$199$68
45 years$1,872$1,102$622$339$181$60
46 years$1,811$1,052$584$313$164$53
47 years$1,752$1,003$548$289$149$47
48 years$1,696$958$515$267$135$41
49 years$1,643$915$484$247$123$36
50 years$1,591$874$455$228$112$32

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 $5,562 every year, while hoping to spend $32,328 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: 39/43/18 Blend
48$1,630,000$1,630,000$1,630,000$1,630,000
49$1,801,997$1,715,607$1,690,342$1,862,392
50$1,951,404$1,765,275$1,712,572$1,955,827
51$2,114,967$1,816,293$1,734,463$2,053,281
52$2,294,096$1,868,694$1,755,969$2,157,979
53$2,490,343$1,922,509$1,777,044$2,270,594
54$2,705,418$1,977,772$1,797,635$2,391,867
55$2,941,204$2,034,517$1,817,689$2,522,611
56$3,199,776$2,092,776$1,837,150$2,663,724
57$3,483,416$2,152,586$1,855,958$2,816,191
58$3,794,641$2,213,979$1,874,049$2,981,098
59$4,136,223$2,276,993$1,891,358$3,159,640
60$4,511,214$2,341,661$1,907,815$3,353,130
61$4,922,976$2,408,021$1,923,345$3,563,019
62$5,375,214$2,476,109$1,937,872$3,790,898
63$5,872,009$2,545,961$1,951,313$4,038,524
64$6,417,855$2,617,614$1,963,583$4,307,829
65$7,017,704$2,691,105$1,974,592$4,600,942
66$7,677,013$2,766,472$1,984,243$4,920,207
67$8,401,792$2,843,753$1,992,439$5,268,205
68$9,198,662$2,922,985$1,999,073$5,647,780
69$10,074,920$3,004,205$2,004,036$6,062,064
70$11,038,602$3,087,452$2,007,213$6,514,507
71$12,098,566$3,172,763$2,008,480$7,008,910
72$13,264,568$3,260,177$2,007,713$7,549,460
73$14,547,358$3,349,730$2,004,775$8,140,769
74$15,958,782$3,441,460$1,999,529$8,787,920
75$17,511,890$3,535,404$1,991,825$9,496,509
76$19,221,063$3,631,599$1,981,511$10,272,707
77$21,102,145$3,730,080$1,968,425$11,123,308
78$23,172,593$3,830,884$1,952,397$12,055,800
79$25,451,645$3,934,045$1,933,250$13,078,435
80$27,960,498$4,039,597$1,910,798$14,200,303
81$30,722,506$4,147,575$1,884,847$15,431,420
82$33,763,404$4,258,009$1,855,193$16,782,824
83$37,111,552$4,370,932$1,821,622$18,266,677
84$40,798,195$4,486,373$1,783,911$19,896,381
85$44,857,766$4,604,360$1,741,827$21,686,703
86$49,328,205$4,724,920$1,695,125$23,653,916
87$54,251,319$4,848,079$1,643,549$25,815,951
88$59,673,178$4,973,858$1,586,832$28,192,571
89$65,644,545$5,102,281$1,524,694$30,805,548
90$72,221,360$5,233,364$1,456,843$33,678,880
91$79,465,264$5,367,124$1,382,972$36,839,008
92$87,444,181$5,503,574$1,302,763$40,315,073
93$96,232,963$5,642,724$1,215,880$44,139,186
94$105,914,088$5,784,580$1,121,975$48,346,733
95$116,578,447$5,929,147$1,020,684$52,976,711
96$128,326,197$6,076,423$911,624$58,072,095
97$141,267,704$6,226,402$794,399$63,680,242
98$155,524,590$6,379,077$668,592$69,853,340
99$171,230,878$6,534,431$533,769$76,648,904
100$188,534,254$6,692,445$389,477$84,130,313