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%11.4%
1 years$134,604$133,405$132,235$131,093$129,978$129,214
2 years$66,636$65,395$64,192$63,026$61,895$61,123
3 years$43,982$42,736$41,536$40,381$39,268$38,514
4 years$32,658$31,416$30,228$29,092$28,007$27,275
5 years$25,865$24,630$23,458$22,346$21,290$20,583
6 years$21,338$20,112$18,958$17,870$16,846$16,165
7 years$18,106$16,890$15,754$14,692$13,700$13,046
8 years$15,683$14,478$13,361$12,325$11,366$10,738
9 years$13,799$12,606$11,507$10,498$9,572$8,970
10 years$12,293$11,111$10,032$9,049$8,156$7,580
11 years$11,061$9,892$8,832$7,876$7,014$6,464
12 years$10,036$8,878$7,839$6,908$6,078$5,553
13 years$9,169$8,023$7,003$6,099$5,300$4,799
14 years$8,426$7,293$6,292$5,414$4,646$4,169
15 years$7,784$6,662$5,681$4,828$4,091$3,637
16 years$7,222$6,113$5,151$4,323$3,616$3,185
17 years$6,726$5,629$4,687$3,884$3,206$2,797
18 years$6,286$5,202$4,279$3,500$2,850$2,463
19 years$5,893$4,821$3,917$3,163$2,541$2,174
20 years$5,540$4,480$3,595$2,865$2,269$1,922
21 years$5,221$4,173$3,306$2,600$2,031$1,703
22 years$4,931$3,895$3,047$2,364$1,820$1,511
23 years$4,666$3,643$2,814$2,153$1,634$1,342
24 years$4,425$3,413$2,602$1,964$1,469$1,193
25 years$4,202$3,203$2,410$1,793$1,322$1,063
26 years$3,998$3,011$2,235$1,640$1,190$947
27 years$3,808$2,833$2,076$1,501$1,073$844
28 years$3,633$2,670$1,930$1,375$968$754
29 years$3,470$2,519$1,796$1,261$875$673
30 years$3,318$2,379$1,673$1,157$790$601
31 years$3,176$2,249$1,559$1,063$714$537
32 years$3,043$2,128$1,455$977$646$481
33 years$2,919$2,015$1,358$898$585$430
34 years$2,802$1,910$1,269$826$529$385
35 years$2,692$1,811$1,187$761$480$345
36 years$2,589$1,719$1,110$701$435$309
37 years$2,491$1,633$1,039$646$394$276
38 years$2,399$1,552$973$595$357$248
39 years$2,311$1,476$912$549$324$222
40 years$2,228$1,404$854$506$294$199
41 years$2,150$1,336$801$467$266$178
42 years$2,075$1,273$752$431$242$160
43 years$2,004$1,213$705$398$219$143
44 years$1,937$1,156$662$367$199$129
45 years$1,872$1,102$622$339$181$115
46 years$1,811$1,052$584$313$164$103
47 years$1,752$1,003$548$289$149$93
48 years$1,696$958$515$267$135$83
49 years$1,643$915$484$247$123$75
50 years$1,591$874$455$228$112$67

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 $6,609 every year, while hoping to spend $37,630 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: 66/8/26 Blend
48$1,630,000$1,630,000$1,630,000$1,630,000
49$1,803,077$1,716,687$1,691,422$1,909,436
50$1,946,953$1,760,767$1,708,047$2,025,992
51$2,104,243$1,805,745$1,723,967$2,148,545
52$2,276,276$1,851,627$1,739,120$2,281,694
53$2,464,514$1,898,414$1,753,438$2,426,485
54$2,670,568$1,946,110$1,766,852$2,584,070
55$2,896,212$1,994,716$1,779,288$2,755,720
56$3,143,399$2,044,230$1,790,667$2,942,834
57$3,414,279$2,094,651$1,800,909$3,146,956
58$3,711,223$2,145,976$1,809,926$3,369,785
59$4,036,838$2,198,200$1,817,629$3,613,193
60$4,393,999$2,251,315$1,823,924$3,879,246
61$4,785,871$2,305,313$1,828,709$4,170,216
62$5,215,940$2,360,183$1,831,880$4,488,613
63$5,688,045$2,415,912$1,833,328$4,837,197
64$6,206,418$2,472,484$1,832,937$5,219,013
65$6,775,719$2,529,882$1,830,586$5,637,417
66$7,401,079$2,588,083$1,826,148$6,096,107
67$8,088,155$2,647,065$1,819,489$6,599,157
68$8,843,175$2,706,800$1,810,471$7,151,059
69$9,673,004$2,767,258$1,798,946$7,756,763
70$10,585,202$2,828,405$1,784,762$8,421,724
71$11,588,098$2,890,202$1,767,758$9,151,956
72$12,690,872$2,952,610$1,747,765$9,954,083
73$13,903,632$3,015,579$1,724,607$10,835,409
74$15,237,521$3,079,061$1,698,100$11,803,983
75$16,704,811$3,142,998$1,668,049$12,868,676
76$18,319,027$3,207,330$1,634,254$14,039,264
77$20,095,068$3,271,989$1,596,501$15,326,521
78$22,049,351$3,336,902$1,554,570$16,742,323
79$24,199,965$3,401,991$1,508,229$18,299,759
80$26,566,842$3,467,169$1,457,235$20,013,251
81$29,171,943$3,532,343$1,401,335$21,898,696
82$32,039,465$3,597,412$1,340,264$23,973,616
83$35,196,072$3,662,267$1,273,744$26,257,320
84$38,671,143$3,726,790$1,201,486$28,771,088
85$42,497,051$3,790,854$1,123,187$31,538,373
86$46,709,467$3,854,323$1,038,531$34,585,025
87$51,347,698$3,917,050$947,188$37,939,530
88$56,455,056$3,978,878$848,811$41,633,285
89$62,079,265$4,039,636$743,040$45,700,889
90$68,272,917$4,099,145$629,498$50,180,478
91$75,093,960$4,157,209$507,791$55,114,077
92$82,606,251$4,213,619$377,510$60,548,002
93$90,880,157$4,268,155$238,224$66,533,299
94$99,993,215$4,320,576$89,487$73,126,223
95$110,030,868$4,370,630$0$80,388,772
96$121,087,270$4,418,044$0$88,408,480
97$133,266,172$4,462,529$0$97,269,181
98$146,681,904$4,503,775$0$107,029,150
99$161,460,452$4,541,455$0$117,779,991
100$177,740,648$4,575,215$0$129,622,648