Can I retire at age 49 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$139,559$138,316$137,103$135,919$134,763$133,746
2 years$69,088$67,802$66,555$65,346$64,173$63,147
3 years$45,601$44,309$43,065$41,868$40,714$39,712
4 years$33,860$32,572$31,341$30,163$29,037$28,066
5 years$26,817$25,537$24,322$23,168$22,074$21,137
6 years$22,124$20,853$19,655$18,528$17,466$16,564
7 years$18,772$17,512$16,334$15,233$14,205$13,338
8 years$16,260$15,011$13,852$12,778$11,784$10,954
9 years$14,307$13,070$11,931$10,884$9,924$9,129
10 years$12,745$11,520$10,402$9,382$8,456$7,695
11 years$11,469$10,256$9,157$8,166$7,272$6,546
12 years$10,405$9,205$8,127$7,162$6,302$5,610
13 years$9,507$8,319$7,261$6,323$5,495$4,836
14 years$8,737$7,562$6,524$5,613$4,817$4,190
15 years$8,070$6,908$5,890$5,006$4,241$3,646
16 years$7,487$6,338$5,340$4,482$3,749$3,183
17 years$6,974$5,837$4,860$4,027$3,324$2,788
18 years$6,518$5,393$4,436$3,629$2,955$2,448
19 years$6,110$4,999$4,061$3,279$2,634$2,154
20 years$5,744$4,645$3,727$2,970$2,353$1,900
21 years$5,413$4,327$3,428$2,696$2,106$1,678
22 years$5,112$4,039$3,160$2,451$1,887$1,484
23 years$4,838$3,777$2,917$2,232$1,694$1,314
24 years$4,587$3,539$2,698$2,036$1,523$1,165
25 years$4,357$3,321$2,499$1,859$1,370$1,034
26 years$4,145$3,121$2,318$1,700$1,234$919
27 years$3,949$2,938$2,152$1,556$1,113$817
28 years$3,767$2,768$2,001$1,426$1,004$727
29 years$3,598$2,611$1,862$1,307$907$647
30 years$3,440$2,466$1,734$1,200$819$576
31 years$3,293$2,331$1,617$1,102$741$513
32 years$3,156$2,206$1,508$1,013$670$458
33 years$3,027$2,089$1,408$931$606$408
34 years$2,905$1,980$1,316$857$549$364
35 years$2,791$1,878$1,230$789$497$325
36 years$2,684$1,782$1,151$726$451$290
37 years$2,583$1,693$1,077$669$408$259
38 years$2,487$1,609$1,009$617$370$231
39 years$2,396$1,530$945$569$336$206
40 years$2,310$1,456$886$525$304$184
41 years$2,229$1,386$831$484$276$165
42 years$2,152$1,320$779$447$251$147
43 years$2,078$1,257$731$412$227$131
44 years$2,008$1,198$686$381$206$117
45 years$1,941$1,143$644$352$187$105
46 years$1,878$1,090$605$325$170$94
47 years$1,817$1,040$569$300$155$84
48 years$1,759$993$534$277$140$75
49 years$1,703$948$502$256$127$67
50 years$1,650$906$472$237$116$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,690,000, adding $5,595 every year, while hoping to spend $23,646 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: 55/16/29 Blend
48$1,690,000$1,690,000$1,690,000$1,690,000
49$1,868,151$1,778,581$1,752,386$1,955,595
50$2,033,544$1,840,573$1,785,932$2,078,576
51$2,215,013$1,904,809$1,819,809$2,209,558
52$2,414,175$1,971,375$1,854,004$2,351,752
53$2,632,809$2,040,360$1,888,500$2,506,245
54$2,872,873$2,111,856$1,923,283$2,674,237
55$3,136,527$2,185,958$1,958,333$2,857,046
56$3,426,148$2,262,765$1,993,633$3,056,124
57$3,744,356$2,342,381$2,029,160$3,273,071
58$4,094,036$2,424,913$2,064,893$3,509,647
59$4,478,368$2,510,474$2,100,807$3,767,790
60$4,900,854$2,599,180$2,136,877$4,049,635
61$5,365,353$2,691,152$2,173,074$4,357,533
62$5,876,116$2,786,515$2,209,369$4,694,072
63$6,437,827$2,885,402$2,245,730$5,062,105
64$7,055,647$2,987,948$2,282,123$5,464,772
65$7,735,260$3,094,295$2,318,512$5,905,531
66$8,482,933$3,204,591$2,354,858$6,388,194
67$9,305,566$3,318,990$2,391,120$6,916,957
68$10,210,765$3,437,652$2,427,254$7,496,443
69$11,206,910$3,560,744$2,463,214$8,131,746
70$12,303,232$3,688,438$2,498,949$8,828,475
71$13,509,906$3,820,916$2,534,408$9,592,811
72$14,838,141$3,958,365$2,569,535$10,431,563
73$16,300,287$4,100,981$2,604,270$11,352,233
74$17,909,955$4,248,967$2,638,552$12,363,085
75$19,682,141$4,402,537$2,672,314$13,473,224
76$21,633,369$4,561,911$2,705,486$14,692,682
77$23,781,848$4,727,320$2,737,995$16,032,511
78$26,147,640$4,899,002$2,769,761$17,504,888
79$28,752,854$5,077,208$2,800,703$19,123,232
80$31,621,853$5,262,199$2,830,734$20,902,324
81$34,781,479$5,454,244$2,859,761$22,858,455
82$38,261,315$5,653,626$2,887,688$25,009,570
83$42,093,955$5,860,641$2,914,412$27,375,446
84$46,315,320$6,075,593$2,939,826$29,977,872
85$50,964,989$6,298,804$2,963,817$32,840,858
86$56,086,578$6,530,605$2,986,264$35,990,859
87$61,728,148$6,771,344$3,007,043$39,457,027
88$67,942,662$7,021,382$3,026,022$43,271,482
89$74,788,480$7,281,097$3,043,061$47,469,620
90$82,329,916$7,550,882$3,058,014$52,090,442
91$90,637,838$7,831,146$3,070,728$57,176,926
92$99,790,342$8,122,316$3,081,042$62,776,427
93$109,873,485$8,424,838$3,088,786$68,941,132
94$120,982,102$8,739,177$3,093,781$75,728,542
95$133,220,696$9,065,816$3,095,842$83,202,022
96$146,704,426$9,405,260$3,094,772$91,431,399
97$161,560,196$9,758,036$3,090,366$100,493,614
98$177,927,851$10,124,694$3,082,407$110,473,454
99$195,961,494$10,505,807$3,070,670$121,464,352
100$215,830,946$10,901,972$3,054,918$133,569,265