Can I retire at age 49 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$138,733$137,497$136,291$135,115$133,966$129,522
2 years$68,680$67,401$66,161$64,959$63,793$59,359
3 years$45,332$44,047$42,810$41,620$40,473$36,188
4 years$33,660$32,379$31,155$29,985$28,866$24,763
5 years$26,659$25,386$24,178$23,031$21,943$18,033
6 years$21,993$20,729$19,539$18,418$17,363$13,649
7 years$18,661$17,408$16,237$15,143$14,121$10,602
8 years$16,164$14,922$13,770$12,703$11,714$8,389
9 years$14,222$12,993$11,860$10,820$9,865$6,728
10 years$12,670$11,452$10,340$9,327$8,406$5,453
11 years$11,401$10,195$9,103$8,117$7,229$4,454
12 years$10,344$9,151$8,079$7,120$6,265$3,662
13 years$9,450$8,270$7,218$6,286$5,463$3,026
14 years$8,685$7,517$6,485$5,580$4,789$2,510
15 years$8,022$6,867$5,855$4,976$4,216$2,089
16 years$7,443$6,300$5,309$4,456$3,726$1,744
17 years$6,932$5,802$4,831$4,003$3,304$1,459
18 years$6,479$5,361$4,410$3,608$2,938$1,223
19 years$6,074$4,969$4,037$3,260$2,619$1,026
20 years$5,710$4,617$3,705$2,953$2,339$862
21 years$5,381$4,301$3,408$2,680$2,093$725
22 years$5,082$4,015$3,141$2,436$1,876$611
23 years$4,810$3,755$2,900$2,219$1,684$515
24 years$4,560$3,518$2,682$2,024$1,514$434
25 years$4,331$3,302$2,484$1,848$1,362$366
26 years$4,120$3,103$2,304$1,690$1,227$309
27 years$3,925$2,920$2,139$1,547$1,106$261
28 years$3,744$2,752$1,989$1,417$998$220
29 years$3,576$2,596$1,851$1,300$901$186
30 years$3,420$2,452$1,724$1,193$814$157
31 years$3,274$2,318$1,607$1,095$736$133
32 years$3,137$2,193$1,500$1,007$666$112
33 years$3,009$2,077$1,400$926$603$95
34 years$2,888$1,968$1,308$852$546$80
35 years$2,775$1,867$1,223$784$494$68
36 years$2,668$1,772$1,144$722$448$57
37 years$2,567$1,683$1,071$665$406$49
38 years$2,472$1,599$1,003$613$368$41
39 years$2,382$1,521$940$565$334$35
40 years$2,297$1,447$881$522$303$29
41 years$2,216$1,377$826$481$275$25
42 years$2,139$1,312$775$444$249$21
43 years$2,066$1,250$727$410$226$18
44 years$1,996$1,191$682$379$205$15
45 years$1,930$1,136$641$350$186$13
46 years$1,866$1,084$602$323$169$11
47 years$1,806$1,034$565$298$154$9
48 years$1,748$987$531$276$140$8
49 years$1,693$943$499$255$127$7
50 years$1,640$901$469$235$115$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,680,000, adding $2,909 every year, while hoping to spend $52,445 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: 55/19/26 Blend
48$1,680,000$1,680,000$1,680,000$1,680,000
49$1,854,361$1,765,321$1,739,281$1,942,914
50$1,987,704$1,796,020$1,741,745$2,034,873
51$2,132,891$1,826,466$1,742,535$2,129,281
52$2,291,074$1,856,591$1,741,538$2,231,027
53$2,463,522$1,886,322$1,738,638$2,340,832
54$2,651,630$1,915,581$1,733,711$2,459,495
55$2,856,935$1,944,283$1,726,629$2,587,895
56$3,081,129$1,972,339$1,717,257$2,727,005
57$3,326,073$1,999,653$1,705,454$2,877,895
58$3,593,817$2,026,121$1,691,072$3,041,748
59$3,886,619$2,051,633$1,673,955$3,219,867
60$4,206,963$2,076,072$1,653,942$3,413,693
61$4,557,585$2,099,312$1,630,861$3,624,812
62$4,941,498$2,121,217$1,604,534$3,854,977
63$5,362,020$2,141,646$1,574,775$4,106,119
64$5,822,805$2,160,445$1,541,389$4,380,372
65$6,327,876$2,177,452$1,504,170$4,680,085
66$6,881,666$2,192,494$1,462,906$5,007,854
67$7,489,055$2,205,385$1,417,373$5,366,541
68$8,155,419$2,215,930$1,367,336$5,759,302
69$8,886,681$2,223,920$1,312,551$6,189,618
70$9,689,364$2,229,133$1,252,762$6,661,332
71$10,570,651$2,231,332$1,187,702$7,178,679
72$11,538,458$2,230,269$1,117,091$7,746,331
73$12,601,504$2,225,675$1,040,636$8,369,441
74$13,769,394$2,217,269$958,034$9,053,693
75$15,052,708$2,204,752$868,964$9,805,355
76$16,463,104$2,187,804$773,094$10,631,340
77$18,013,423$2,166,089$670,075$11,539,270
78$19,717,813$2,139,249$559,544$12,537,552
79$21,591,863$2,106,905$441,122$13,635,456
80$23,652,745$2,068,655$314,411$14,843,205
81$25,919,381$2,024,074$178,999$16,172,071
82$28,412,615$1,972,712$34,454$17,634,483
83$31,155,418$1,914,090$0$19,244,147
84$34,173,095$1,847,705$0$21,049,410
85$37,493,529$1,773,022$0$23,046,059
86$41,147,444$1,689,474$0$25,243,032
87$45,168,689$1,596,464$0$27,660,726
88$49,594,564$1,493,359$0$30,321,621
89$54,466,166$1,379,491$0$33,250,492
90$59,828,779$1,254,150$0$36,474,644
91$65,732,302$1,116,591$0$40,024,170
92$72,231,715$966,022$0$43,932,234
93$79,387,601$801,609$0$48,235,390
94$87,266,719$622,470$0$52,973,921
95$95,942,626$427,672$0$58,192,224
96$105,496,378$216,233$0$63,939,230
97$116,017,293$0$0$70,268,866
98$127,603,790$0$0$77,243,259
99$140,364,321$0$0$84,974,349
100$154,418,392$0$0$93,489,356