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%11.5%
1 years$139,559$138,316$137,103$135,919$134,763$133,914
2 years$69,088$67,802$66,555$65,346$64,173$63,316
3 years$45,601$44,309$43,065$41,868$40,714$39,876
4 years$33,860$32,572$31,341$30,163$29,037$28,226
5 years$26,817$25,537$24,322$23,168$22,074$21,290
6 years$22,124$20,853$19,655$18,528$17,466$16,711
7 years$18,772$17,512$16,334$15,233$14,205$13,479
8 years$16,260$15,011$13,852$12,778$11,784$11,088
9 years$14,307$13,070$11,931$10,884$9,924$9,257
10 years$12,745$11,520$10,402$9,382$8,456$7,818
11 years$11,469$10,256$9,157$8,166$7,272$6,662
12 years$10,405$9,205$8,127$7,162$6,302$5,720
13 years$9,507$8,319$7,261$6,323$5,495$4,941
14 years$8,737$7,562$6,524$5,613$4,817$4,289
15 years$8,070$6,908$5,890$5,006$4,241$3,739
16 years$7,487$6,338$5,340$4,482$3,749$3,272
17 years$6,974$5,837$4,860$4,027$3,324$2,871
18 years$6,518$5,393$4,436$3,629$2,955$2,527
19 years$6,110$4,999$4,061$3,279$2,634$2,228
20 years$5,744$4,645$3,727$2,970$2,353$1,969
21 years$5,413$4,327$3,428$2,696$2,106$1,743
22 years$5,112$4,039$3,160$2,451$1,887$1,545
23 years$4,838$3,777$2,917$2,232$1,694$1,372
24 years$4,587$3,539$2,698$2,036$1,523$1,219
25 years$4,357$3,321$2,499$1,859$1,370$1,084
26 years$4,145$3,121$2,318$1,700$1,234$966
27 years$3,949$2,938$2,152$1,556$1,113$860
28 years$3,767$2,768$2,001$1,426$1,004$767
29 years$3,598$2,611$1,862$1,307$907$685
30 years$3,440$2,466$1,734$1,200$819$611
31 years$3,293$2,331$1,617$1,102$741$546
32 years$3,156$2,206$1,508$1,013$670$488
33 years$3,027$2,089$1,408$931$606$436
34 years$2,905$1,980$1,316$857$549$390
35 years$2,791$1,878$1,230$789$497$349
36 years$2,684$1,782$1,151$726$451$312
37 years$2,583$1,693$1,077$669$408$279
38 years$2,487$1,609$1,009$617$370$250
39 years$2,396$1,530$945$569$336$224
40 years$2,310$1,456$886$525$304$201
41 years$2,229$1,386$831$484$276$180
42 years$2,152$1,320$779$447$251$161
43 years$2,078$1,257$731$412$227$144
44 years$2,008$1,198$686$381$206$129
45 years$1,941$1,143$644$352$187$116
46 years$1,878$1,090$605$325$170$104
47 years$1,817$1,040$569$300$155$93
48 years$1,759$993$534$277$140$83
49 years$1,703$948$502$256$127$75
50 years$1,650$906$472$237$116$67

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 $3,966 every year, while hoping to spend $40,873 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: 82/6/12 Blend
48$1,690,000$1,690,000$1,690,000$1,690,000
49$1,866,471$1,776,901$1,750,706$2,015,208
50$2,013,362$1,820,481$1,765,866$2,156,879
51$2,173,867$1,864,826$1,780,164$2,306,605
52$2,349,330$1,909,931$1,793,528$2,469,785
53$2,541,232$1,955,788$1,805,882$2,647,746
54$2,751,206$2,002,389$1,817,147$2,841,953
55$2,981,045$2,049,723$1,827,238$3,054,016
56$3,232,729$2,097,776$1,836,067$3,285,712
57$3,508,434$2,146,534$1,843,543$3,538,996
58$3,810,559$2,195,980$1,849,566$3,816,022
59$4,141,746$2,246,092$1,854,036$4,119,162
60$4,504,902$2,296,849$1,856,844$4,451,032
61$4,903,232$2,348,224$1,857,879$4,814,510
62$5,340,266$2,400,191$1,857,021$5,212,770
63$5,819,888$2,452,716$1,854,147$5,649,306
64$6,346,383$2,505,765$1,849,127$6,127,969
65$6,924,465$2,559,298$1,841,824$6,653,003
66$7,559,330$2,613,274$1,832,095$7,229,080
67$8,256,701$2,667,644$1,819,789$7,861,353
68$9,022,883$2,722,357$1,804,751$8,555,494
69$9,864,822$2,777,357$1,786,815$9,317,758
70$10,790,169$2,832,583$1,765,808$10,155,033
71$11,807,354$2,887,967$1,741,551$11,074,911
72$12,925,665$2,943,438$1,713,853$12,085,755
73$14,155,333$2,998,917$1,682,517$13,196,784
74$15,507,632$3,054,318$1,647,336$14,418,152
75$16,994,981$3,109,551$1,608,093$15,761,051
76$18,631,065$3,164,515$1,564,561$17,237,812
77$20,430,962$3,219,104$1,516,501$18,862,024
78$22,411,284$3,273,204$1,463,668$20,648,661
79$24,590,334$3,326,690$1,405,799$22,614,223
80$26,988,279$3,379,429$1,342,625$24,776,892
81$29,627,341$3,431,279$1,273,861$27,156,705
82$32,532,005$3,482,086$1,199,210$29,775,739
83$35,729,249$3,531,688$1,118,363$32,658,327
84$39,248,799$3,579,908$1,030,995$35,831,278
85$43,123,412$3,626,558$936,769$39,324,140
86$47,389,179$3,671,438$835,329$43,169,469
87$52,085,870$3,714,334$726,308$47,403,145
88$57,257,308$3,755,015$609,318$52,064,706
89$62,951,781$3,793,239$483,958$57,197,721
90$69,222,499$3,828,743$349,806$62,850,206
91$76,128,093$3,861,251$206,424$69,075,070
92$83,733,172$3,890,466$53,353$75,930,621
93$92,108,930$3,916,073$0$83,481,114
94$101,333,816$3,937,737$0$91,811,442
95$111,494,280$3,955,100$0$100,993,757
96$122,685,579$3,967,782$0$111,107,276
97$135,012,686$3,975,381$0$122,246,830
98$148,591,272$3,977,468$0$134,516,919
99$163,548,804$3,973,586$0$148,032,696
100$180,025,743$3,963,253$0$162,921,057