Can I retire at age 49 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$137,907$136,679$135,480$134,310$133,168$128,494
2 years$68,271$66,999$65,767$64,572$63,413$58,754
3 years$45,062$43,785$42,556$41,372$40,232$35,733
4 years$33,460$32,186$30,970$29,806$28,694$24,390
5 years$26,500$25,235$24,034$22,894$21,813$17,715
6 years$21,862$20,606$19,423$18,309$17,260$13,371
7 years$18,550$17,305$16,140$15,052$14,037$10,357
8 years$16,068$14,833$13,688$12,627$11,645$8,170
9 years$14,138$12,915$11,790$10,756$9,807$6,533
10 years$12,595$11,384$10,279$9,271$8,356$5,278
11 years$11,333$10,135$9,049$8,069$7,186$4,298
12 years$10,282$9,096$8,031$7,077$6,227$3,521
13 years$9,394$8,220$7,175$6,248$5,430$2,900
14 years$8,633$7,472$6,447$5,547$4,760$2,397
15 years$7,975$6,826$5,821$4,947$4,191$1,988
16 years$7,399$6,263$5,277$4,429$3,704$1,654
17 years$6,891$5,768$4,802$3,980$3,284$1,378
18 years$6,441$5,330$4,384$3,586$2,920$1,151
19 years$6,038$4,939$4,013$3,241$2,603$962
20 years$5,676$4,590$3,683$2,935$2,325$805
21 years$5,349$4,275$3,388$2,664$2,081$675
22 years$5,052$3,991$3,122$2,422$1,865$566
23 years$4,781$3,733$2,883$2,206$1,674$475
24 years$4,533$3,497$2,666$2,012$1,505$399
25 years$4,306$3,282$2,469$1,837$1,354$335
26 years$4,096$3,084$2,290$1,680$1,220$282
27 years$3,902$2,903$2,127$1,538$1,100$237
28 years$3,722$2,735$1,977$1,409$992$199
29 years$3,555$2,580$1,840$1,292$896$168
30 years$3,399$2,437$1,714$1,186$810$141
31 years$3,254$2,304$1,598$1,089$732$119
32 years$3,118$2,180$1,491$1,001$662$100
33 years$2,991$2,064$1,392$920$599$84
34 years$2,871$1,957$1,300$847$542$71
35 years$2,758$1,856$1,216$779$491$60
36 years$2,652$1,761$1,137$718$445$50
37 years$2,552$1,673$1,065$661$403$42
38 years$2,458$1,590$997$610$366$36
39 years$2,368$1,512$934$562$332$30
40 years$2,283$1,438$875$518$301$25
41 years$2,203$1,369$821$478$273$21
42 years$2,126$1,304$770$441$248$18
43 years$2,053$1,242$723$408$225$15
44 years$1,984$1,184$678$376$204$13
45 years$1,918$1,129$637$347$185$11
46 years$1,855$1,077$598$321$168$9
47 years$1,795$1,028$562$297$153$8
48 years$1,738$981$528$274$139$6
49 years$1,683$937$496$253$126$5
50 years$1,631$895$467$234$114$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,670,000, adding $2,135 every year, while hoping to spend $30,697 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: 56/33/11 Blend
48$1,670,000$1,670,000$1,670,000$1,670,000
49$1,842,542$1,754,032$1,728,147$1,940,558
50$1,997,820$1,807,318$1,753,379$2,060,381
51$2,167,908$1,862,187$1,778,427$2,187,266
52$2,354,283$1,918,683$1,803,253$2,324,743
53$2,558,574$1,976,852$1,827,816$2,473,828
54$2,782,573$2,036,742$1,852,072$2,635,639
55$3,028,255$2,098,403$1,875,976$2,811,407
56$3,297,796$2,161,883$1,899,480$3,002,486
57$3,593,590$2,227,235$1,922,532$3,210,365
58$3,918,278$2,294,510$1,945,078$3,436,686
59$4,274,764$2,363,764$1,967,061$3,683,256
60$4,666,253$2,435,051$1,988,420$3,952,061
61$5,096,270$2,508,428$2,009,091$4,245,292
62$5,568,702$2,583,953$2,029,008$4,565,360
63$6,087,829$2,661,686$2,048,100$4,914,918
64$6,658,368$2,741,689$2,066,291$5,296,890
65$7,285,513$2,824,023$2,083,503$5,714,494
66$7,974,989$2,908,754$2,099,654$6,171,277
67$8,733,101$2,995,946$2,114,656$6,671,142
68$9,566,798$3,085,668$2,128,417$7,218,391
69$10,483,733$3,177,988$2,140,842$7,817,759
70$11,492,342$3,272,977$2,151,828$8,474,466
71$12,601,916$3,370,708$2,161,269$9,194,258
72$13,822,693$3,471,254$2,169,053$9,983,467
73$15,165,953$3,574,691$2,175,062$10,849,066
74$16,644,127$3,681,098$2,179,173$11,798,741
75$18,270,908$3,790,552$2,181,256$12,840,953
76$20,061,387$3,903,136$2,181,174$13,985,030
77$22,032,191$4,018,932$2,178,786$15,241,243
78$24,201,640$4,138,025$2,173,940$16,620,912
79$26,589,921$4,260,501$2,166,481$18,136,506
80$29,219,277$4,386,451$2,156,243$19,801,765
81$32,114,219$4,515,962$2,143,053$21,631,826
82$35,301,755$4,649,130$2,126,730$23,643,368
83$38,811,643$4,786,046$2,107,085$25,854,767
84$42,676,677$4,926,809$2,083,919$28,286,271
85$46,932,991$5,071,516$2,057,023$30,960,191
86$51,620,403$5,220,267$2,026,180$33,901,108
87$56,782,789$5,373,164$1,991,162$37,136,109
88$62,468,497$5,530,313$1,951,729$40,695,039
89$68,730,803$5,691,818$1,907,632$44,610,787
90$75,628,417$5,857,789$1,858,609$48,919,588
91$83,226,030$6,028,335$1,804,387$53,661,374
92$91,594,930$6,203,568$1,744,678$58,880,145
93$100,813,672$6,383,603$1,679,185$64,624,384
94$110,968,823$6,568,555$1,607,594$70,947,517
95$122,155,772$6,758,543$1,529,577$77,908,416
96$134,479,635$6,953,687$1,444,793$85,571,952
97$148,056,248$7,154,108$1,352,883$94,009,612
98$163,013,256$7,359,929$1,253,475$103,300,169
99$179,491,319$7,571,277$1,146,178$113,530,427
100$197,645,443$7,788,279$1,030,584$124,796,039