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%17.6%
1 years$137,907$136,679$135,480$134,310$133,168$129,060
2 years$68,271$66,999$65,767$64,572$63,413$59,311
3 years$45,062$43,785$42,556$41,372$40,232$36,263
4 years$33,460$32,186$30,970$29,806$28,694$24,889
5 years$26,500$25,235$24,034$22,894$21,813$18,183
6 years$21,862$20,606$19,423$18,309$17,260$13,807
7 years$18,550$17,305$16,140$15,052$14,037$10,762
8 years$16,068$14,833$13,688$12,627$11,645$8,545
9 years$14,138$12,915$11,790$10,756$9,807$6,879
10 years$12,595$11,384$10,279$9,271$8,356$5,596
11 years$11,333$10,135$9,049$8,069$7,186$4,589
12 years$10,282$9,096$8,031$7,077$6,227$3,788
13 years$9,394$8,220$7,175$6,248$5,430$3,143
14 years$8,633$7,472$6,447$5,547$4,760$2,618
15 years$7,975$6,826$5,821$4,947$4,191$2,188
16 years$7,399$6,263$5,277$4,429$3,704$1,835
17 years$6,891$5,768$4,802$3,980$3,284$1,541
18 years$6,441$5,330$4,384$3,586$2,920$1,297
19 years$6,038$4,939$4,013$3,241$2,603$1,094
20 years$5,676$4,590$3,683$2,935$2,325$924
21 years$5,349$4,275$3,388$2,664$2,081$781
22 years$5,052$3,991$3,122$2,422$1,865$660
23 years$4,781$3,733$2,883$2,206$1,674$559
24 years$4,533$3,497$2,666$2,012$1,505$474
25 years$4,306$3,282$2,469$1,837$1,354$402
26 years$4,096$3,084$2,290$1,680$1,220$341
27 years$3,902$2,903$2,127$1,538$1,100$289
28 years$3,722$2,735$1,977$1,409$992$245
29 years$3,555$2,580$1,840$1,292$896$208
30 years$3,399$2,437$1,714$1,186$810$177
31 years$3,254$2,304$1,598$1,089$732$150
32 years$3,118$2,180$1,491$1,001$662$128
33 years$2,991$2,064$1,392$920$599$108
34 years$2,871$1,957$1,300$847$542$92
35 years$2,758$1,856$1,216$779$491$78
36 years$2,652$1,761$1,137$718$445$67
37 years$2,552$1,673$1,065$661$403$57
38 years$2,458$1,590$997$610$366$48
39 years$2,368$1,512$934$562$332$41
40 years$2,283$1,438$875$518$301$35
41 years$2,203$1,369$821$478$273$30
42 years$2,126$1,304$770$441$248$25
43 years$2,053$1,242$723$408$225$21
44 years$1,984$1,184$678$376$204$18
45 years$1,918$1,129$637$347$185$15
46 years$1,855$1,077$598$321$168$13
47 years$1,795$1,028$562$297$153$11
48 years$1,738$981$528$274$139$9
49 years$1,683$937$496$253$126$8
50 years$1,631$895$467$234$114$7

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 $3,773 every year, while hoping to spend $33,248 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: 57/38/5 Blend
48$1,670,000$1,670,000$1,670,000$1,670,000
49$1,844,232$1,755,722$1,729,837$1,947,386
50$1,996,968$1,806,377$1,752,411$2,067,764
51$2,164,169$1,858,399$1,774,627$2,194,762
52$2,347,274$1,911,821$1,796,437$2,332,290
53$2,547,871$1,966,676$1,817,793$2,481,356
54$2,767,706$2,022,995$1,838,641$2,643,066
55$3,008,703$2,080,812$1,858,926$2,818,640
56$3,272,980$2,140,161$1,878,589$3,009,419
57$3,562,871$2,201,076$1,897,569$3,216,879
58$3,880,946$2,263,591$1,915,800$3,442,645
59$4,230,037$2,327,741$1,933,213$3,688,506
60$4,613,262$2,393,562$1,949,737$3,956,432
61$5,034,056$2,461,088$1,965,295$4,248,590
62$5,496,204$2,530,356$1,979,807$4,567,368
63$6,003,875$2,601,401$1,993,188$4,915,395
64$6,561,660$2,674,259$2,005,350$5,295,564
65$7,174,619$2,748,967$2,016,199$5,711,064
66$7,848,325$2,825,562$2,025,636$6,165,405
67$8,588,919$2,904,079$2,033,560$6,662,453
68$9,403,166$2,984,556$2,039,861$7,206,467
69$10,298,518$3,067,029$2,044,426$7,802,138
70$11,283,188$3,151,534$2,047,135$8,454,631
71$12,366,222$3,238,108$2,047,863$9,169,639
72$13,557,588$3,326,787$2,046,478$9,953,428
73$14,868,269$3,417,606$2,042,842$10,812,907
74$16,310,365$3,510,602$2,036,810$11,755,682
75$17,897,209$3,605,808$2,028,230$12,790,134
76$19,643,492$3,703,260$2,016,943$13,925,497
77$21,565,399$3,802,992$2,002,782$15,171,943
78$23,680,767$3,905,035$1,985,572$16,540,679
79$26,009,247$4,009,424$1,965,131$18,044,054
80$28,572,493$4,116,188$1,941,265$19,695,671
81$31,394,364$4,225,358$1,913,774$21,510,519
82$34,501,151$4,336,963$1,882,448$23,505,115
83$37,921,825$4,451,030$1,847,066$25,697,653
84$41,688,306$4,567,586$1,807,398$28,108,186
85$45,835,770$4,686,654$1,763,202$30,758,804
86$50,402,976$4,808,257$1,714,227$33,673,850
87$55,432,633$4,932,415$1,660,207$36,880,146
88$60,971,805$5,059,147$1,600,867$40,407,248
89$67,072,351$5,188,467$1,535,918$44,287,722
90$73,791,417$5,320,389$1,465,058$48,557,455
91$81,191,976$5,454,922$1,387,972$53,255,988
92$89,343,417$5,592,073$1,304,328$58,426,895
93$98,322,206$5,731,845$1,213,784$64,118,190
94$108,212,603$5,874,237$1,115,977$70,382,781
95$119,107,458$6,019,244$1,010,532$77,278,972
96$131,109,090$6,166,858$897,056$84,871,008
97$144,330,247$6,317,064$775,138$93,229,684
98$158,895,175$6,469,843$644,348$102,433,016
99$174,940,788$6,625,171$504,238$112,566,971
100$192,617,960$6,783,016$354,342$123,726,284