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%13.7%
1 years$137,907$136,679$135,480$134,310$133,168$131,124
2 years$68,271$66,999$65,767$64,572$63,413$61,359
3 years$45,062$43,785$42,556$41,372$40,232$38,231
4 years$33,460$32,186$30,970$29,806$28,694$26,762
5 years$26,500$25,235$24,034$22,894$21,813$19,955
6 years$21,862$20,606$19,423$18,309$17,260$15,479
7 years$18,550$17,305$16,140$15,052$14,037$12,333
8 years$16,068$14,833$13,688$12,627$11,645$10,018
9 years$14,138$12,915$11,790$10,756$9,807$8,257
10 years$12,595$11,384$10,279$9,271$8,356$6,881
11 years$11,333$10,135$9,049$8,069$7,186$5,785
12 years$10,282$9,096$8,031$7,077$6,227$4,898
13 years$9,394$8,220$7,175$6,248$5,430$4,170
14 years$8,633$7,472$6,447$5,547$4,760$3,568
15 years$7,975$6,826$5,821$4,947$4,191$3,065
16 years$7,399$6,263$5,277$4,429$3,704$2,641
17 years$6,891$5,768$4,802$3,980$3,284$2,283
18 years$6,441$5,330$4,384$3,586$2,920$1,977
19 years$6,038$4,939$4,013$3,241$2,603$1,716
20 years$5,676$4,590$3,683$2,935$2,325$1,492
21 years$5,349$4,275$3,388$2,664$2,081$1,299
22 years$5,052$3,991$3,122$2,422$1,865$1,133
23 years$4,781$3,733$2,883$2,206$1,674$989
24 years$4,533$3,497$2,666$2,012$1,505$864
25 years$4,306$3,282$2,469$1,837$1,354$756
26 years$4,096$3,084$2,290$1,680$1,220$661
27 years$3,902$2,903$2,127$1,538$1,100$579
28 years$3,722$2,735$1,977$1,409$992$507
29 years$3,555$2,580$1,840$1,292$896$445
30 years$3,399$2,437$1,714$1,186$810$390
31 years$3,254$2,304$1,598$1,089$732$342
32 years$3,118$2,180$1,491$1,001$662$300
33 years$2,991$2,064$1,392$920$599$263
34 years$2,871$1,957$1,300$847$542$231
35 years$2,758$1,856$1,216$779$491$203
36 years$2,652$1,761$1,137$718$445$178
37 years$2,552$1,673$1,065$661$403$157
38 years$2,458$1,590$997$610$366$138
39 years$2,368$1,512$934$562$332$121
40 years$2,283$1,438$875$518$301$106
41 years$2,203$1,369$821$478$273$93
42 years$2,126$1,304$770$441$248$82
43 years$2,053$1,242$723$408$225$72
44 years$1,984$1,184$678$376$204$63
45 years$1,918$1,129$637$347$185$56
46 years$1,855$1,077$598$321$168$49
47 years$1,795$1,028$562$297$153$43
48 years$1,738$981$528$274$139$38
49 years$1,683$937$496$253$126$33
50 years$1,631$895$467$234$114$29

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 $2,099 every year, while hoping to spend $54,901 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: 51/41/8 Blend
48$1,670,000$1,670,000$1,670,000$1,670,000
49$1,842,505$1,753,995$1,728,110$1,932,619
50$1,972,026$1,781,527$1,727,588$2,021,741
51$2,112,919$1,808,567$1,725,207$2,112,496
52$2,266,284$1,835,035$1,720,850$2,209,855
53$2,433,335$1,860,841$1,714,388$2,314,453
54$2,615,406$1,885,893$1,705,690$2,426,986
55$2,813,964$1,910,089$1,694,618$2,548,227
56$3,030,628$1,933,322$1,681,027$2,679,025
57$3,267,174$1,955,477$1,664,763$2,820,319
58$3,525,562$1,976,432$1,645,669$2,973,143
59$3,807,947$1,996,055$1,623,577$3,138,638
60$4,116,703$2,014,207$1,598,312$3,318,065
61$4,454,443$2,030,739$1,569,692$3,512,814
62$4,824,044$2,045,493$1,537,525$3,724,416
63$5,228,675$2,058,301$1,501,610$3,954,566
64$5,671,824$2,068,982$1,461,739$4,205,128
65$6,157,334$2,077,346$1,417,691$4,478,162
66$6,689,437$2,083,191$1,369,238$4,775,941
67$7,272,791$2,086,299$1,316,139$5,100,970
68$7,912,530$2,086,442$1,258,144$5,456,016
69$8,614,306$2,083,376$1,194,990$5,844,129
70$9,384,347$2,076,843$1,126,404$6,268,675
71$10,229,511$2,066,568$1,052,099$6,733,367
72$11,157,352$2,052,261$971,775$7,242,302
73$12,176,192$2,033,612$885,120$7,799,997
74$13,295,199$2,010,295$791,807$8,411,439
75$14,524,471$1,981,961$691,494$9,082,124
76$15,875,134$1,948,244$583,826$9,818,119
77$17,359,443$1,908,753$468,429$10,626,113
78$18,990,901$1,863,076$344,916$11,513,485
79$20,784,382$1,810,776$212,880$12,488,375
80$22,756,275$1,751,390$71,897$13,559,759
81$24,924,635$1,684,429$0$14,737,538
82$27,309,356$1,609,374$0$16,039,336
83$29,932,354$1,525,677$0$17,477,478
84$32,817,778$1,432,758$0$19,059,140
85$35,992,233$1,330,005$0$20,799,012
86$39,485,034$1,216,769$0$22,713,291
87$43,328,481$1,092,364$0$24,819,836
88$47,558,162$956,066$0$27,138,335
89$52,213,292$807,111$0$29,690,500
90$57,337,077$644,689$0$32,500,265
91$62,977,127$467,946$0$35,594,020
92$69,185,899$275,980$0$39,000,860
93$76,021,196$67,839$0$42,752,861
94$83,546,711$0$0$46,885,387
95$91,832,627$0$0$51,508,476
96$100,956,276$0$0$56,632,895
97$111,002,875$0$0$62,275,928
98$122,066,322$0$0$68,490,345
99$134,250,087$0$0$75,334,293
100$147,668,185$0$0$82,871,849