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%16.8%
1 years$135,430$134,223$133,046$131,898$130,776$127,150
2 years$67,044$65,796$64,586$63,412$62,274$58,649
3 years$44,252$42,998$41,791$40,629$39,509$35,997
4 years$32,858$31,608$30,413$29,271$28,178$24,807
5 years$26,024$24,781$23,602$22,483$21,421$18,199
6 years$21,469$20,236$19,074$17,980$16,950$13,880
7 years$18,217$16,994$15,850$14,782$13,784$10,868
8 years$15,779$14,567$13,442$12,400$11,436$8,670
9 years$13,884$12,683$11,578$10,562$9,630$7,014
10 years$12,368$11,180$10,094$9,105$8,206$5,734
11 years$11,129$9,953$8,887$7,924$7,057$4,727
12 years$10,098$8,933$7,887$6,950$6,116$3,922
13 years$9,225$8,073$7,046$6,136$5,333$3,272
14 years$8,478$7,338$6,331$5,447$4,675$2,741
15 years$7,831$6,703$5,716$4,858$4,116$2,304
16 years$7,266$6,150$5,182$4,350$3,638$1,942
17 years$6,767$5,664$4,716$3,908$3,225$1,642
18 years$6,325$5,234$4,305$3,522$2,868$1,390
19 years$5,929$4,851$3,941$3,182$2,556$1,179
20 years$5,574$4,507$3,617$2,882$2,283$1,002
21 years$5,253$4,199$3,327$2,616$2,043$852
22 years$4,961$3,919$3,066$2,378$1,832$725
23 years$4,695$3,666$2,831$2,166$1,644$618
24 years$4,452$3,434$2,618$1,976$1,478$527
25 years$4,228$3,223$2,425$1,804$1,330$449
26 years$4,022$3,029$2,249$1,650$1,198$384
27 years$3,832$2,851$2,088$1,510$1,080$328
28 years$3,655$2,686$1,941$1,383$974$280
29 years$3,491$2,534$1,807$1,269$880$239
30 years$3,338$2,393$1,683$1,164$795$204
31 years$3,196$2,262$1,569$1,069$719$175
32 years$3,062$2,141$1,464$983$650$149
33 years$2,937$2,027$1,367$904$588$128
34 years$2,819$1,921$1,277$831$533$109
35 years$2,709$1,822$1,194$765$483$94
36 years$2,605$1,730$1,117$705$437$80
37 years$2,506$1,643$1,045$650$396$68
38 years$2,413$1,561$979$599$359$59
39 years$2,325$1,485$917$552$326$50
40 years$2,242$1,412$860$509$295$43
41 years$2,163$1,345$806$470$268$37
42 years$2,088$1,281$756$434$243$31
43 years$2,017$1,220$710$400$221$27
44 years$1,949$1,163$666$370$200$23
45 years$1,884$1,109$625$341$182$20
46 years$1,822$1,058$587$315$165$17
47 years$1,763$1,010$552$291$150$14
48 years$1,707$964$519$269$136$12
49 years$1,653$920$487$249$124$11
50 years$1,601$879$458$230$112$9

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 $4,334 every year, while hoping to spend $56,107 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: 46/35/19 Blend
48$1,640,000$1,640,000$1,640,000$1,640,000
49$1,811,751$1,724,831$1,699,411$1,885,074
50$1,936,852$1,749,650$1,696,643$1,961,579
51$2,072,833$1,773,805$1,691,903$2,038,581
52$2,220,744$1,797,204$1,685,064$2,120,944
53$2,381,741$1,819,748$1,675,995$2,209,195
54$2,557,097$1,841,334$1,664,559$2,303,911
55$2,748,210$1,861,848$1,650,611$2,405,732
56$2,956,620$1,881,172$1,633,999$2,515,367
57$3,184,023$1,899,177$1,614,566$2,633,597
58$3,432,285$1,915,728$1,592,146$2,761,284
59$3,703,460$1,930,680$1,566,564$2,899,384
60$3,999,809$1,943,879$1,537,640$3,048,951
61$4,323,820$1,955,161$1,505,182$3,211,148
62$4,678,236$1,964,350$1,468,992$3,387,262
63$5,066,075$1,971,261$1,428,861$3,578,714
64$5,490,658$1,975,697$1,384,572$3,787,074
65$5,955,646$1,977,447$1,335,896$4,014,074
66$6,465,068$1,976,288$1,282,595$4,261,630
67$7,023,363$1,971,984$1,224,419$4,531,854
68$7,635,418$1,964,283$1,161,109$4,827,082
69$8,306,616$1,952,918$1,092,392$5,149,891
70$9,042,886$1,937,607$1,017,983$5,503,127
71$9,850,760$1,918,049$937,584$5,889,932
72$10,737,429$1,893,925$850,885$6,313,775
73$11,710,819$1,864,899$757,562$6,778,486
74$12,779,657$1,830,614$657,274$7,288,290
75$13,953,557$1,790,689$549,669$7,847,855
76$15,243,113$1,744,726$434,375$8,462,328
77$16,659,991$1,692,298$311,008$9,137,395
78$18,217,046$1,632,957$179,163$9,879,327
79$19,928,440$1,566,227$38,420$10,695,045
80$21,809,774$1,491,605$0$11,592,188
81$23,878,235$1,408,558$0$12,601,845
82$26,152,761$1,316,523$0$13,720,438
83$28,654,216$1,214,906$0$14,950,527
84$31,405,586$1,103,076$0$16,303,535
85$34,432,198$980,369$0$17,792,053
86$37,761,956$846,082$0$19,429,969
87$41,425,607$699,471$0$21,232,596
88$45,457,025$539,752$0$23,216,816
89$49,893,538$366,095$0$25,401,245
90$54,776,272$177,627$0$27,806,411
91$60,150,543$0$0$30,454,943
92$66,066,282$0$0$33,382,032
93$72,578,510$0$0$36,679,799
94$79,747,848$0$0$40,310,562
95$87,641,099$0$0$44,308,179
96$96,331,869$0$0$48,709,960
97$105,901,265$0$0$53,557,017
98$116,438,662$0$0$58,894,651
99$128,042,540$0$0$64,772,780
100$140,821,419$0$0$71,246,411