Can I retire at age 49 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$135,430$134,223$133,046$131,898$130,776$129,843
2 years$67,044$65,796$64,586$63,412$62,274$61,333
3 years$44,252$42,998$41,791$40,629$39,509$38,590
4 years$32,858$31,608$30,413$29,271$28,178$27,287
5 years$26,024$24,781$23,602$22,483$21,421$20,561
6 years$21,469$20,236$19,074$17,980$16,950$16,122
7 years$18,217$16,994$15,850$14,782$13,784$12,989
8 years$15,779$14,567$13,442$12,400$11,436$10,673
9 years$13,884$12,683$11,578$10,562$9,630$8,900
10 years$12,368$11,180$10,094$9,105$8,206$7,507
11 years$11,129$9,953$8,887$7,924$7,057$6,390
12 years$10,098$8,933$7,887$6,950$6,116$5,479
13 years$9,225$8,073$7,046$6,136$5,333$4,727
14 years$8,478$7,338$6,331$5,447$4,675$4,098
15 years$7,831$6,703$5,716$4,858$4,116$3,568
16 years$7,266$6,150$5,182$4,350$3,638$3,118
17 years$6,767$5,664$4,716$3,908$3,225$2,732
18 years$6,325$5,234$4,305$3,522$2,868$2,401
19 years$5,929$4,851$3,941$3,182$2,556$2,114
20 years$5,574$4,507$3,617$2,882$2,283$1,866
21 years$5,253$4,199$3,327$2,616$2,043$1,649
22 years$4,961$3,919$3,066$2,378$1,832$1,460
23 years$4,695$3,666$2,831$2,166$1,644$1,294
24 years$4,452$3,434$2,618$1,976$1,478$1,148
25 years$4,228$3,223$2,425$1,804$1,330$1,020
26 years$4,022$3,029$2,249$1,650$1,198$907
27 years$3,832$2,851$2,088$1,510$1,080$807
28 years$3,655$2,686$1,941$1,383$974$718
29 years$3,491$2,534$1,807$1,269$880$640
30 years$3,338$2,393$1,683$1,164$795$570
31 years$3,196$2,262$1,569$1,069$719$508
32 years$3,062$2,141$1,464$983$650$454
33 years$2,937$2,027$1,367$904$588$405
34 years$2,819$1,921$1,277$831$533$361
35 years$2,709$1,822$1,194$765$483$323
36 years$2,605$1,730$1,117$705$437$288
37 years$2,506$1,643$1,045$650$396$258
38 years$2,413$1,561$979$599$359$230
39 years$2,325$1,485$917$552$326$206
40 years$2,242$1,412$860$509$295$184
41 years$2,163$1,345$806$470$268$164
42 years$2,088$1,281$756$434$243$147
43 years$2,017$1,220$710$400$221$132
44 years$1,949$1,163$666$370$200$118
45 years$1,884$1,109$625$341$182$105
46 years$1,822$1,058$587$315$165$94
47 years$1,763$1,010$552$291$150$84
48 years$1,707$964$519$269$136$75
49 years$1,653$920$487$249$124$67
50 years$1,601$879$458$230$112$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,640,000, adding $6,971 every year, while hoping to spend $59,403 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: 44/39/17 Blend
48$1,640,000$1,640,000$1,640,000$1,640,000
49$1,814,471$1,727,551$1,702,131$1,885,113
50$1,936,342$1,748,996$1,695,948$1,956,799
51$2,068,654$1,769,502$1,687,567$2,028,010
52$2,212,408$1,788,958$1,676,851$2,103,934
53$2,368,706$1,807,250$1,663,658$2,185,033
54$2,538,762$1,824,253$1,647,839$2,271,818
55$2,723,909$1,839,835$1,629,235$2,364,856
56$2,925,617$1,853,856$1,607,683$2,464,771
57$3,145,500$1,866,166$1,583,011$2,572,257
58$3,385,339$1,876,605$1,555,039$2,688,078
59$3,647,089$1,885,004$1,523,579$2,813,082
60$3,932,905$1,891,183$1,488,432$2,948,205
61$4,245,160$1,894,949$1,449,393$3,094,482
62$4,586,465$1,896,100$1,406,246$3,253,059
63$4,959,694$1,894,419$1,358,765$3,425,202
64$5,368,012$1,889,675$1,306,714$3,612,309
65$5,814,906$1,881,626$1,249,845$3,815,929
66$6,304,213$1,870,012$1,187,901$4,037,770
67$6,840,159$1,854,559$1,120,612$4,279,723
68$7,427,398$1,834,975$1,047,696$4,543,876
69$8,071,057$1,810,953$968,857$4,832,536
70$8,776,779$1,782,164$883,789$5,148,253
71$9,550,783$1,748,263$792,168$5,493,843
72$10,399,917$1,708,881$693,660$5,872,419
73$11,331,723$1,663,632$587,912$6,287,416
74$12,354,511$1,612,102$474,559$6,742,631
75$13,477,432$1,553,856$353,218$7,242,257
76$14,710,568$1,488,432$223,489$7,790,924
77$16,065,025$1,415,344$84,954$8,393,742
78$17,553,037$1,334,075$0$9,056,359
79$19,188,081$1,244,079$0$9,796,412
80$20,985,006$1,144,780$0$10,626,561
81$22,960,169$1,035,566$0$11,539,063
82$25,131,591$915,794$0$12,542,390
83$27,519,127$784,782$0$13,645,891
84$30,144,652$641,810$0$14,859,876
85$33,032,265$486,117$0$16,195,721
86$36,208,519$316,900$0$17,665,970
87$39,702,671$133,311$0$19,284,462
88$43,546,954$0$0$21,066,459
89$47,776,885$0$0$23,056,923
90$52,431,594$0$0$25,310,461
91$57,554,201$0$0$27,790,764
92$63,192,212$0$0$30,520,866
93$69,397,977$0$0$33,526,144
94$76,229,174$0$0$36,834,563
95$83,749,361$0$0$40,476,937
96$92,028,568$0$0$44,487,218
97$101,143,962$0$0$48,902,819
98$111,180,574$0$0$53,764,966
99$122,232,098$0$0$59,119,084
100$134,401,778$0$0$65,015,231