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%12.4%
1 years$137,081$135,860$134,669$133,506$132,371$131,043
2 years$67,862$66,598$65,373$64,186$63,034$61,696
3 years$44,792$43,523$42,301$41,124$39,991$38,686
4 years$33,259$31,994$30,784$29,628$28,522$27,259
5 years$26,341$25,083$23,890$22,757$21,682$20,464
6 years$21,731$20,483$19,306$18,199$17,156$15,986
7 years$18,439$17,201$16,044$14,962$13,953$12,830
8 years$15,971$14,745$13,606$12,552$11,575$10,500
9 years$14,053$12,838$11,719$10,691$9,748$8,720
10 years$12,519$11,316$10,217$9,216$8,306$7,324
11 years$11,265$10,074$8,995$8,021$7,143$6,208
12 years$10,221$9,042$7,983$7,035$6,190$5,299
13 years$9,338$8,171$7,132$6,211$5,398$4,551
14 years$8,582$7,427$6,408$5,513$4,732$3,928
15 years$7,927$6,785$5,786$4,917$4,166$3,404
16 years$7,354$6,225$5,246$4,403$3,682$2,960
17 years$6,850$5,733$4,773$3,956$3,265$2,581
18 years$6,402$5,298$4,357$3,565$2,903$2,257
19 years$6,002$4,910$3,989$3,221$2,587$1,978
20 years$5,642$4,562$3,661$2,917$2,311$1,736
21 years$5,317$4,250$3,367$2,648$2,068$1,527
22 years$5,021$3,967$3,104$2,407$1,854$1,344
23 years$4,752$3,710$2,866$2,192$1,664$1,185
24 years$4,506$3,476$2,650$2,000$1,496$1,046
25 years$4,280$3,262$2,455$1,826$1,346$924
26 years$4,071$3,066$2,276$1,670$1,212$817
27 years$3,878$2,885$2,114$1,528$1,093$723
28 years$3,700$2,719$1,965$1,400$986$640
29 years$3,534$2,565$1,829$1,284$891$567
30 years$3,379$2,422$1,703$1,179$805$502
31 years$3,235$2,290$1,588$1,082$728$445
32 years$3,099$2,167$1,482$995$658$395
33 years$2,973$2,052$1,383$915$596$351
34 years$2,854$1,945$1,293$842$539$311
35 years$2,742$1,845$1,208$775$488$276
36 years$2,636$1,751$1,131$714$443$245
37 years$2,537$1,663$1,058$657$401$218
38 years$2,443$1,580$991$606$364$194
39 years$2,354$1,503$928$559$330$172
40 years$2,269$1,430$870$515$299$153
41 years$2,189$1,361$816$475$271$136
42 years$2,113$1,296$765$439$246$121
43 years$2,041$1,235$718$405$223$107
44 years$1,972$1,177$674$374$203$95
45 years$1,907$1,123$633$345$184$85
46 years$1,844$1,071$595$319$167$75
47 years$1,785$1,022$559$295$152$67
48 years$1,727$976$525$272$138$60
49 years$1,673$932$493$252$125$53
50 years$1,621$890$464$233$114$47

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 $2,882 every year, while hoping to spend $22,753 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: 59/27/14 Blend
48$1,660,000$1,660,000$1,660,000$1,660,000
49$1,832,293$1,744,313$1,718,583$1,933,791
50$1,994,978$1,805,575$1,751,946$2,063,867
51$2,173,494$1,869,077$1,785,665$2,202,859
52$2,369,432$1,934,903$1,819,726$2,353,888
53$2,584,544$2,003,144$1,854,118$2,518,117
54$2,820,761$2,073,891$1,888,824$2,696,825
55$3,080,209$2,147,242$1,923,830$2,891,421
56$3,365,230$2,223,297$1,959,118$3,103,452
57$3,678,405$2,302,159$1,994,669$3,334,624
58$4,022,576$2,383,939$2,030,464$3,586,812
59$4,400,875$2,468,748$2,066,481$3,862,083
60$4,816,752$2,556,705$2,102,697$4,162,709
61$5,274,009$2,647,932$2,139,085$4,491,193
62$5,776,834$2,742,556$2,175,620$4,850,290
63$6,329,840$2,840,711$2,212,273$5,243,033
64$6,938,112$2,942,534$2,249,012$5,672,764
65$7,607,250$3,048,169$2,285,805$6,143,158
66$8,343,426$3,157,765$2,322,616$6,658,267
67$9,153,439$3,271,480$2,359,407$7,222,550
68$10,044,782$3,389,474$2,396,139$7,840,919
69$11,025,709$3,511,918$2,432,769$8,518,782
70$12,105,316$3,638,986$2,469,251$9,262,096
71$13,293,625$3,770,863$2,505,538$10,077,423
72$14,601,678$3,907,739$2,541,577$10,971,990
73$16,041,645$4,049,813$2,577,315$11,953,755
74$17,626,931$4,197,293$2,612,694$13,031,488
75$19,372,312$4,350,394$2,647,653$14,214,846
76$21,294,065$4,509,341$2,682,127$15,514,468
77$23,410,130$4,674,369$2,716,048$16,942,073
78$25,740,271$4,845,721$2,749,344$18,510,571
79$28,306,269$5,023,652$2,781,938$20,234,185
80$31,132,125$5,208,427$2,813,749$22,128,583
81$34,244,284$5,400,322$2,844,692$24,211,026
82$37,671,889$5,599,626$2,874,677$26,500,529
83$41,447,053$5,806,639$2,903,610$29,018,044
84$45,605,161$6,021,673$2,931,389$31,786,652
85$50,185,207$6,245,054$2,957,910$34,831,783
86$55,230,160$6,477,124$2,983,062$38,181,455
87$60,787,369$6,718,235$3,006,727$41,866,537
88$66,909,011$6,968,759$3,028,783$45,921,041
89$73,652,582$7,229,080$3,049,099$50,382,440
90$81,081,441$7,499,601$3,067,540$55,292,023
91$89,265,407$7,780,741$3,083,962$60,695,283
92$98,281,418$8,072,937$3,098,214$66,642,347
93$108,214,257$8,376,645$3,110,138$73,188,444
94$119,157,352$8,692,341$3,119,568$80,394,430
95$131,213,657$9,020,521$3,126,329$88,327,360
96$144,496,627$9,361,703$3,130,238$97,061,120
97$159,131,283$9,716,427$3,131,101$106,677,123
98$175,255,399$10,085,257$3,128,718$117,265,075
99$193,020,795$10,468,780$3,122,875$128,923,824
100$212,594,775$10,867,610$3,113,351$141,762,289