Can I retire at age 49 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$141,210$139,952$138,725$137,527$136,358$131,103
2 years$69,906$68,604$67,342$66,119$64,932$59,701
3 years$46,141$44,834$43,575$42,363$41,196$36,152
4 years$34,261$32,957$31,711$30,520$29,381$24,564
5 years$27,135$25,839$24,609$23,442$22,335$17,757
6 years$22,385$21,099$19,888$18,747$17,673$13,336
7 years$18,994$17,719$16,527$15,413$14,373$10,277
8 years$16,452$15,189$14,016$12,930$11,924$8,064
9 years$14,476$13,225$12,072$11,013$10,041$6,413
10 years$12,896$11,657$10,525$9,493$8,556$5,151
11 years$11,604$10,377$9,266$8,262$7,358$4,170
12 years$10,529$9,314$8,223$7,247$6,377$3,396
13 years$9,619$8,417$7,347$6,398$5,560$2,780
14 years$8,840$7,651$6,601$5,679$4,874$2,284
15 years$8,166$6,989$5,960$5,065$4,292$1,882
16 years$7,576$6,413$5,404$4,535$3,793$1,555
17 years$7,056$5,906$4,917$4,075$3,363$1,287
18 years$6,595$5,457$4,489$3,672$2,990$1,068
19 years$6,182$5,058$4,109$3,318$2,665$887
20 years$5,812$4,700$3,771$3,005$2,381$737
21 years$5,477$4,378$3,469$2,727$2,131$613
22 years$5,173$4,086$3,197$2,480$1,910$511
23 years$4,895$3,822$2,952$2,258$1,714$426
24 years$4,642$3,581$2,730$2,060$1,541$355
25 years$4,409$3,361$2,529$1,881$1,386$296
26 years$4,194$3,158$2,345$1,720$1,249$247
27 years$3,995$2,972$2,178$1,574$1,126$206
28 years$3,811$2,801$2,024$1,443$1,016$172
29 years$3,640$2,642$1,884$1,323$917$144
30 years$3,481$2,495$1,755$1,214$829$120
31 years$3,332$2,359$1,636$1,115$749$100
32 years$3,193$2,232$1,526$1,025$678$84
33 years$3,062$2,114$1,425$942$614$70
34 years$2,940$2,003$1,332$867$555$59
35 years$2,825$1,900$1,245$798$503$49
36 years$2,716$1,804$1,165$735$456$41
37 years$2,613$1,713$1,090$677$413$34
38 years$2,516$1,628$1,021$624$375$29
39 years$2,425$1,548$956$576$340$24
40 years$2,338$1,473$896$531$308$20
41 years$2,255$1,402$841$490$280$17
42 years$2,177$1,335$788$452$254$14
43 years$2,103$1,272$740$417$230$12
44 years$2,032$1,213$694$385$209$10
45 years$1,964$1,156$652$356$190$8
46 years$1,900$1,103$612$329$172$7
47 years$1,838$1,053$575$304$156$6
48 years$1,780$1,005$541$281$142$5
49 years$1,723$960$508$259$129$4
50 years$1,670$917$478$240$117$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,710,000, adding $5,187 every year, while hoping to spend $35,106 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: 34/38/28 Blend
48$1,710,000$1,710,000$1,710,000$1,710,000
49$1,889,770$1,799,140$1,772,635$1,937,862
50$2,045,174$1,849,946$1,794,666$2,025,393
51$2,215,253$1,902,064$1,816,258$2,116,216
52$2,401,466$1,955,522$1,837,360$2,213,478
53$2,605,421$2,010,348$1,857,917$2,317,778
54$2,828,888$2,066,569$1,877,871$2,429,772
55$3,073,817$2,124,213$1,897,162$2,550,186
56$3,342,354$2,183,308$1,915,725$2,679,816
57$3,636,865$2,243,880$1,933,492$2,819,539
58$3,959,954$2,305,959$1,950,393$2,970,322
59$4,314,490$2,369,572$1,966,352$3,133,230
60$4,703,633$2,434,747$1,981,291$3,309,435
61$5,130,865$2,501,511$1,995,125$3,500,227
62$5,600,019$2,569,891$2,007,768$3,707,030
63$6,115,320$2,639,914$2,019,127$3,931,410
64$6,681,421$2,711,608$2,029,106$4,175,093
65$7,303,448$2,784,999$2,037,603$4,439,982
66$7,987,048$2,860,112$2,044,510$4,728,171
67$8,738,442$2,936,973$2,049,717$5,041,969
68$9,564,485$3,015,607$2,053,105$5,383,922
69$10,472,729$3,096,037$2,054,550$5,756,830
70$11,471,492$3,178,288$2,053,922$6,163,785
71$12,569,941$3,262,381$2,051,085$6,608,190
72$13,778,175$3,348,338$2,045,897$7,093,795
73$15,107,322$3,436,179$2,038,207$7,624,735
74$16,569,640$3,525,923$2,027,858$8,205,566
75$18,178,637$3,617,588$2,014,686$8,841,308
76$19,949,198$3,711,189$1,998,517$9,537,494
77$21,897,720$3,806,742$1,979,172$10,300,223
78$24,042,274$3,904,258$1,956,460$11,136,214
79$26,402,768$4,003,749$1,930,184$12,052,875
80$29,001,140$4,105,222$1,900,135$13,058,368
81$31,861,563$4,208,685$1,866,096$14,161,690
82$35,010,671$4,314,139$1,827,839$15,372,757
83$38,477,814$4,421,587$1,785,126$16,702,496
84$42,295,332$4,531,025$1,737,709$18,162,951
85$46,498,859$4,642,448$1,685,325$19,767,397
86$51,127,662$4,755,848$1,627,703$21,530,464
87$56,225,009$4,871,210$1,564,556$23,468,275
88$61,838,579$4,988,518$1,495,588$25,598,603
89$68,020,910$5,107,751$1,420,486$27,941,034
90$74,829,894$5,228,883$1,338,924$30,517,155
91$82,329,327$5,351,881$1,250,561$33,350,756
92$90,589,505$5,476,710$1,155,042$36,468,061
93$99,687,893$5,603,328$1,051,994$39,897,969
94$109,709,852$5,731,685$941,030$43,672,331
95$120,749,445$5,861,725$821,743$47,826,252
96$132,910,326$5,993,388$693,709$52,398,421
97$146,306,717$6,126,601$556,485$57,431,480
98$161,064,485$6,261,287$409,610$62,972,423
99$177,322,331$6,397,360$252,601$69,073,046
100$195,233,100$6,534,721$84,955$75,790,431