Can I retire at age 49 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$142,036$140,771$139,536$138,332$137,155$132,026
2 years$70,315$69,005$67,736$66,506$65,312$60,204
3 years$46,411$45,096$43,830$42,611$41,437$36,509
4 years$34,461$33,150$31,897$30,699$29,553$24,844
5 years$27,293$25,990$24,753$23,580$22,466$17,988
6 years$22,516$21,223$20,004$18,857$17,776$13,532
7 years$19,106$17,823$16,624$15,503$14,457$10,446
8 years$16,549$15,278$14,098$13,005$11,993$8,211
9 years$14,561$13,302$12,143$11,078$10,100$6,542
10 years$12,972$11,725$10,586$9,549$8,606$5,265
11 years$11,672$10,438$9,320$8,310$7,401$4,270
12 years$10,590$9,369$8,271$7,289$6,414$3,485
13 years$9,675$8,466$7,390$6,435$5,593$2,858
14 years$8,892$7,696$6,640$5,713$4,903$2,353
15 years$8,213$7,030$5,995$5,095$4,317$1,943
16 years$7,620$6,450$5,435$4,562$3,815$1,609
17 years$7,098$5,940$4,946$4,099$3,383$1,335
18 years$6,633$5,489$4,515$3,694$3,008$1,110
19 years$6,219$5,087$4,133$3,338$2,681$924
20 years$5,846$4,727$3,793$3,023$2,395$770
21 years$5,509$4,403$3,489$2,743$2,143$642
22 years$5,203$4,110$3,216$2,494$1,921$536
23 years$4,924$3,844$2,969$2,272$1,724$448
24 years$4,669$3,602$2,746$2,072$1,550$374
25 years$4,434$3,380$2,543$1,892$1,395$313
26 years$4,218$3,177$2,359$1,730$1,256$262
27 years$4,019$2,990$2,190$1,584$1,133$219
28 years$3,834$2,817$2,036$1,451$1,022$183
29 years$3,661$2,658$1,895$1,331$923$154
30 years$3,501$2,510$1,765$1,221$834$129
31 years$3,352$2,373$1,645$1,121$754$108
32 years$3,212$2,245$1,535$1,031$682$90
33 years$3,080$2,126$1,433$948$617$76
34 years$2,957$2,015$1,339$872$559$63
35 years$2,841$1,911$1,252$803$506$53
36 years$2,732$1,814$1,171$739$459$44
37 years$2,629$1,723$1,096$681$416$37
38 years$2,531$1,637$1,027$628$377$31
39 years$2,439$1,557$962$579$342$26
40 years$2,352$1,481$902$534$310$22
41 years$2,269$1,410$845$493$281$18
42 years$2,190$1,343$793$455$255$15
43 years$2,115$1,280$744$420$232$13
44 years$2,044$1,220$699$388$210$11
45 years$1,976$1,163$656$358$191$9
46 years$1,911$1,110$616$331$173$8
47 years$1,849$1,059$579$305$157$6
48 years$1,790$1,011$544$282$143$5
49 years$1,733$965$511$261$130$4
50 years$1,679$922$481$241$118$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,720,000, adding $6,040 every year, while hoping to spend $40,041 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: 82/11/7 Blend
48$1,720,000$1,720,000$1,720,000$1,720,000
49$1,901,670$1,810,510$1,783,850$2,055,823
50$2,053,037$1,856,622$1,801,006$2,203,629
51$2,218,502$1,903,651$1,817,394$2,359,884
52$2,399,459$1,951,600$1,832,947$2,530,189
53$2,597,447$2,000,471$1,847,594$2,715,928
54$2,814,156$2,050,264$1,861,258$2,918,624
55$3,051,450$2,100,977$1,873,860$3,139,955
56$3,311,382$2,152,609$1,885,318$3,381,769
57$3,596,209$2,205,153$1,895,543$3,646,101
58$3,908,422$2,258,605$1,904,443$3,935,193
59$4,250,761$2,312,956$1,911,921$4,251,514
60$4,626,244$2,368,197$1,917,876$4,597,782
61$5,038,196$2,424,314$1,922,200$4,976,994
62$5,490,280$2,481,293$1,924,782$5,392,449
63$5,986,529$2,539,117$1,925,503$5,847,782
64$6,531,387$2,597,766$1,924,239$6,346,998
65$7,129,749$2,657,217$1,920,862$6,894,506
66$7,787,007$2,717,444$1,915,235$7,495,169
67$8,509,102$2,778,419$1,907,214$8,154,339
68$9,302,576$2,840,107$1,896,652$8,877,916
69$10,174,639$2,902,473$1,883,390$9,672,398
70$11,133,233$2,965,475$1,867,265$10,544,947
71$12,187,109$3,029,069$1,848,104$11,503,451
72$13,345,906$3,093,205$1,825,727$12,556,603
73$14,620,245$3,157,829$1,799,946$13,713,982
74$16,021,828$3,222,881$1,770,562$14,986,139
75$17,563,548$3,288,295$1,737,369$16,384,703
76$19,259,608$3,354,001$1,700,150$17,922,487
77$21,125,662$3,419,920$1,658,679$19,613,609
78$23,178,952$3,485,969$1,612,717$21,473,624
79$25,438,480$3,552,056$1,562,018$23,519,674
80$27,925,181$3,618,083$1,506,322$25,770,647
81$30,662,123$3,683,943$1,445,357$28,247,357
82$33,674,723$3,749,519$1,378,840$30,972,738
83$36,990,987$3,814,688$1,306,473$33,972,063
84$40,641,776$3,879,316$1,227,949$37,273,179
85$44,661,093$3,943,259$1,142,941$40,906,776
86$49,086,407$4,006,361$1,051,112$44,906,667
87$53,959,005$4,068,456$952,108$49,310,119
88$59,324,379$4,129,367$845,559$54,158,192
89$65,232,661$4,188,901$731,081$59,496,138
90$71,739,089$4,246,853$608,269$65,373,820
91$78,904,533$4,303,006$476,702$71,846,187
92$86,796,065$4,357,123$335,942$78,973,790
93$95,487,597$4,408,956$185,529$86,823,356
94$105,060,573$4,458,235$24,986$95,468,417
95$115,604,740$4,504,677$0$104,990,003
96$127,218,993$4,547,976$0$115,488,338
97$140,012,310$4,587,807$0$127,053,594
98$154,104,782$4,623,825$0$139,792,381
99$169,628,738$4,655,661$0$153,824,235
100$186,730,004$4,682,923$0$169,280,886