Can I retire at age 49 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$137,081$135,860$134,669$133,506$132,371$129,276
2 years$67,862$66,598$65,373$64,186$63,034$59,933
3 years$44,792$43,523$42,301$41,124$39,991$36,982
4 years$33,259$31,994$30,784$29,628$28,522$25,627
5 years$26,341$25,083$23,890$22,757$21,682$18,910
6 years$21,731$20,483$19,306$18,199$17,156$14,509
7 years$18,439$17,201$16,044$14,962$13,953$11,432
8 years$15,971$14,745$13,606$12,552$11,575$9,179
9 years$14,053$12,838$11,719$10,691$9,748$7,475
10 years$12,519$11,316$10,217$9,216$8,306$6,153
11 years$11,265$10,074$8,995$8,021$7,143$5,108
12 years$10,221$9,042$7,983$7,035$6,190$4,269
13 years$9,338$8,171$7,132$6,211$5,398$3,587
14 years$8,582$7,427$6,408$5,513$4,732$3,028
15 years$7,927$6,785$5,786$4,917$4,166$2,565
16 years$7,354$6,225$5,246$4,403$3,682$2,180
17 years$6,850$5,733$4,773$3,956$3,265$1,857
18 years$6,402$5,298$4,357$3,565$2,903$1,585
19 years$6,002$4,910$3,989$3,221$2,587$1,356
20 years$5,642$4,562$3,661$2,917$2,311$1,161
21 years$5,317$4,250$3,367$2,648$2,068$996
22 years$5,021$3,967$3,104$2,407$1,854$855
23 years$4,752$3,710$2,866$2,192$1,664$735
24 years$4,506$3,476$2,650$2,000$1,496$632
25 years$4,280$3,262$2,455$1,826$1,346$544
26 years$4,071$3,066$2,276$1,670$1,212$468
27 years$3,878$2,885$2,114$1,528$1,093$404
28 years$3,700$2,719$1,965$1,400$986$348
29 years$3,534$2,565$1,829$1,284$891$300
30 years$3,379$2,422$1,703$1,179$805$259
31 years$3,235$2,290$1,588$1,082$728$223
32 years$3,099$2,167$1,482$995$658$193
33 years$2,973$2,052$1,383$915$596$166
34 years$2,854$1,945$1,293$842$539$144
35 years$2,742$1,845$1,208$775$488$124
36 years$2,636$1,751$1,131$714$443$107
37 years$2,537$1,663$1,058$657$401$92
38 years$2,443$1,580$991$606$364$80
39 years$2,354$1,503$928$559$330$69
40 years$2,269$1,430$870$515$299$60
41 years$2,189$1,361$816$475$271$52
42 years$2,113$1,296$765$439$246$45
43 years$2,041$1,235$718$405$223$38
44 years$1,972$1,177$674$374$203$33
45 years$1,907$1,123$633$345$184$29
46 years$1,844$1,071$595$319$167$25
47 years$1,785$1,022$559$295$152$21
48 years$1,727$976$525$272$138$19
49 years$1,673$932$493$252$125$16
50 years$1,621$890$464$233$114$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,660,000, adding $2,146 every year, while hoping to spend $31,844 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: 47/26/27 Blend
48$1,660,000$1,660,000$1,660,000$1,660,000
49$1,831,534$1,743,554$1,717,824$1,903,357
50$1,984,468$1,795,106$1,741,489$2,005,749
51$2,151,935$1,848,117$1,764,880$2,113,546
52$2,335,382$1,902,625$1,787,953$2,229,943
53$2,536,406$1,958,668$1,810,664$2,355,763
54$2,756,762$2,016,286$1,832,965$2,491,913
55$2,998,387$2,075,519$1,854,804$2,639,394
56$3,263,411$2,136,408$1,876,128$2,799,305
57$3,554,182$2,198,995$1,896,882$2,972,858
58$3,873,286$2,263,323$1,917,004$3,161,386
59$4,223,570$2,329,435$1,936,433$3,366,361
60$4,608,172$2,397,375$1,955,102$3,589,400
61$5,030,549$2,467,189$1,972,941$3,832,286
62$5,494,507$2,538,923$1,989,876$4,096,983
63$6,004,240$2,612,624$2,005,830$4,385,655
64$6,564,368$2,688,338$2,020,721$4,700,685
65$7,179,982$2,766,115$2,034,464$5,044,699
66$7,856,689$2,846,004$2,046,967$5,420,589
67$8,600,667$2,928,054$2,058,136$5,831,542
68$9,418,723$3,012,316$2,067,872$6,281,070
69$10,318,355$3,098,842$2,076,068$6,773,042
70$11,307,826$3,187,684$2,082,615$7,311,720
71$12,396,238$3,278,894$2,087,396$7,901,802
72$13,593,621$3,372,527$2,090,291$8,548,462
73$14,911,026$3,468,636$2,091,171$9,257,404
74$16,360,628$3,567,277$2,089,902$10,034,912
75$17,955,842$3,668,504$2,086,345$10,887,910
76$19,711,451$3,772,374$2,080,351$11,824,029
77$21,643,742$3,878,943$2,071,765$12,851,676
78$23,770,661$3,988,268$2,060,426$13,980,118
79$26,111,982$4,100,407$2,046,164$15,219,564
80$28,689,494$4,215,417$2,028,801$16,581,266
81$31,527,207$4,333,357$2,008,150$18,077,624
82$34,651,574$4,454,284$1,984,015$19,722,301
83$38,091,748$4,578,257$1,956,193$21,530,354
84$41,879,850$4,705,335$1,924,469$23,518,377
85$46,051,274$4,835,576$1,888,618$25,704,656
86$50,645,023$4,969,038$1,848,406$28,109,343
87$55,704,076$5,105,781$1,803,588$30,754,644
88$61,275,789$5,245,862$1,753,905$33,665,034
89$67,412,349$5,389,339$1,699,091$36,867,482
90$74,171,260$5,536,268$1,638,862$40,391,709
91$81,615,891$5,686,707$1,572,926$44,270,469
92$89,816,067$5,840,711$1,500,974$48,539,859
93$98,848,735$5,998,335$1,422,685$53,239,657
94$108,798,684$6,159,632$1,337,724$58,413,701
95$119,759,352$6,324,655$1,245,740$64,110,301
96$131,833,698$6,493,456$1,146,364$70,382,697
97$145,135,182$6,666,083$1,039,215$77,289,560
98$159,788,834$6,842,583$923,891$84,895,550
99$175,932,428$7,023,003$799,974$93,271,922
100$193,717,790$7,207,385$667,028$102,497,204