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

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$141,210$139,952$138,725$137,527$136,358$133,224
2 years$69,906$68,604$67,342$66,119$64,932$61,792
3 years$46,141$44,834$43,575$42,363$41,196$38,147
4 years$34,261$32,957$31,711$30,520$29,381$26,448
5 years$27,135$25,839$24,609$23,442$22,335$19,526
6 years$22,385$21,099$19,888$18,747$17,673$14,990
7 years$18,994$17,719$16,527$15,413$14,373$11,817
8 years$16,452$15,189$14,016$12,930$11,924$9,494
9 years$14,476$13,225$12,072$11,013$10,041$7,736
10 years$12,896$11,657$10,525$9,493$8,556$6,372
11 years$11,604$10,377$9,266$8,262$7,358$5,293
12 years$10,529$9,314$8,223$7,247$6,377$4,427
13 years$9,619$8,417$7,347$6,398$5,560$3,722
14 years$8,840$7,651$6,601$5,679$4,874$3,144
15 years$8,166$6,989$5,960$5,065$4,292$2,665
16 years$7,576$6,413$5,404$4,535$3,793$2,266
17 years$7,056$5,906$4,917$4,075$3,363$1,932
18 years$6,595$5,457$4,489$3,672$2,990$1,651
19 years$6,182$5,058$4,109$3,318$2,665$1,413
20 years$5,812$4,700$3,771$3,005$2,381$1,211
21 years$5,477$4,378$3,469$2,727$2,131$1,039
22 years$5,173$4,086$3,197$2,480$1,910$893
23 years$4,895$3,822$2,952$2,258$1,714$768
24 years$4,642$3,581$2,730$2,060$1,541$661
25 years$4,409$3,361$2,529$1,881$1,386$570
26 years$4,194$3,158$2,345$1,720$1,249$491
27 years$3,995$2,972$2,178$1,574$1,126$423
28 years$3,811$2,801$2,024$1,443$1,016$365
29 years$3,640$2,642$1,884$1,323$917$315
30 years$3,481$2,495$1,755$1,214$829$272
31 years$3,332$2,359$1,636$1,115$749$235
32 years$3,193$2,232$1,526$1,025$678$203
33 years$3,062$2,114$1,425$942$614$175
34 years$2,940$2,003$1,332$867$555$151
35 years$2,825$1,900$1,245$798$503$131
36 years$2,716$1,804$1,165$735$456$113
37 years$2,613$1,713$1,090$677$413$98
38 years$2,516$1,628$1,021$624$375$85
39 years$2,425$1,548$956$576$340$73
40 years$2,338$1,473$896$531$308$63
41 years$2,255$1,402$841$490$280$55
42 years$2,177$1,335$788$452$254$47
43 years$2,103$1,272$740$417$230$41
44 years$2,032$1,213$694$385$209$35
45 years$1,964$1,156$652$356$190$31
46 years$1,900$1,103$612$329$172$26
47 years$1,838$1,053$575$304$156$23
48 years$1,780$1,005$541$281$142$20
49 years$1,723$960$508$259$129$17
50 years$1,670$917$478$240$117$15

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 $6,727 every year, while hoping to spend $42,473 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: 35/45/20 Blend
48$1,710,000$1,710,000$1,710,000$1,710,000
49$1,891,359$1,800,729$1,774,224$1,945,816
50$2,039,087$1,843,774$1,788,469$2,029,418
51$2,200,459$1,887,504$1,801,769$2,115,143
52$2,376,823$1,931,909$1,814,045$2,206,760
53$2,569,661$1,976,975$1,825,218$2,304,819
54$2,780,607$2,022,687$1,835,203$2,409,923
55$3,011,458$2,069,028$1,843,911$2,522,741
56$3,264,193$2,115,976$1,851,249$2,644,007
57$3,540,992$2,163,511$1,857,117$2,774,531
58$3,844,257$2,211,606$1,861,414$2,915,206
59$4,176,630$2,260,234$1,864,030$3,067,015
60$4,541,023$2,309,362$1,864,852$3,231,043
61$4,940,643$2,358,956$1,863,760$3,408,487
62$5,379,022$2,408,979$1,860,630$3,600,665
63$5,860,050$2,459,387$1,855,329$3,809,030
64$6,388,013$2,510,134$1,847,720$4,035,186
65$6,967,631$2,561,171$1,837,659$4,280,898
66$7,604,102$2,612,442$1,824,994$4,548,116
67$8,303,156$2,663,887$1,809,567$4,838,987
68$9,071,102$2,715,441$1,791,211$5,155,881
69$9,914,890$2,767,034$1,769,752$5,501,409
70$10,842,178$2,818,588$1,745,008$5,878,452
71$11,861,403$2,870,021$1,716,789$6,290,183
72$12,981,859$2,921,245$1,684,894$6,740,106
73$14,213,784$2,972,162$1,649,114$7,232,081
74$15,568,461$3,022,669$1,609,230$7,770,365
75$17,058,319$3,072,654$1,565,014$8,359,652
76$18,697,051$3,121,997$1,516,225$9,005,119
77$20,499,745$3,170,570$1,462,614$9,712,471
78$22,483,026$3,218,235$1,403,918$10,488,001
79$24,665,208$3,264,842$1,339,863$11,338,649
80$27,066,474$3,310,235$1,270,163$12,272,063
81$29,709,060$3,354,241$1,194,519$13,296,679
82$32,617,467$3,396,682$1,112,618$14,421,796
83$35,818,690$3,437,361$1,024,132$15,657,668
84$39,342,477$3,476,072$928,721$17,015,600
85$43,221,604$3,512,594$826,028$18,508,056
86$47,492,187$3,546,690$715,679$20,148,778
87$52,194,022$3,578,110$597,286$21,952,916
88$57,370,959$3,606,585$470,443$23,937,172
89$63,071,319$3,631,829$334,724$26,119,962
90$69,348,343$3,653,538$189,687$28,521,587
91$76,260,702$3,671,389$34,869$31,164,427
92$83,873,044$3,685,038$0$34,073,155
93$92,256,609$3,694,119$0$37,302,789
94$101,489,895$3,698,243$0$40,865,246
95$111,659,405$3,696,998$0$44,786,245
96$122,860,457$3,689,943$0$49,102,344
97$135,198,088$3,676,615$0$53,853,833
98$148,788,042$3,656,518$0$59,085,121
99$163,757,863$3,629,129$0$64,845,155
100$180,248,100$3,593,890$0$71,187,880