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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$142,036$140,771$139,536$138,332$137,155$134,883
2 years$70,315$69,005$67,736$66,506$65,312$63,029
3 years$46,411$45,096$43,830$42,611$41,437$39,215
4 years$34,461$33,150$31,897$30,699$29,553$27,409
5 years$27,293$25,990$24,753$23,580$22,466$20,406
6 years$22,516$21,223$20,004$18,857$17,776$15,803
7 years$19,106$17,823$16,624$15,503$14,457$12,570
8 years$16,549$15,278$14,098$13,005$11,993$10,193
9 years$14,561$13,302$12,143$11,078$10,100$8,385
10 years$12,972$11,725$10,586$9,549$8,606$6,975
11 years$11,672$10,438$9,320$8,310$7,401$5,853
12 years$10,590$9,369$8,271$7,289$6,414$4,946
13 years$9,675$8,466$7,390$6,435$5,593$4,203
14 years$8,892$7,696$6,640$5,713$4,903$3,589
15 years$8,213$7,030$5,995$5,095$4,317$3,077
16 years$7,620$6,450$5,435$4,562$3,815$2,646
17 years$7,098$5,940$4,946$4,099$3,383$2,282
18 years$6,633$5,489$4,515$3,694$3,008$1,972
19 years$6,219$5,087$4,133$3,338$2,681$1,708
20 years$5,846$4,727$3,793$3,023$2,395$1,482
21 years$5,509$4,403$3,489$2,743$2,143$1,287
22 years$5,203$4,110$3,216$2,494$1,921$1,120
23 years$4,924$3,844$2,969$2,272$1,724$975
24 years$4,669$3,602$2,746$2,072$1,550$850
25 years$4,434$3,380$2,543$1,892$1,395$742
26 years$4,218$3,177$2,359$1,730$1,256$647
27 years$4,019$2,990$2,190$1,584$1,133$566
28 years$3,834$2,817$2,036$1,451$1,022$494
29 years$3,661$2,658$1,895$1,331$923$432
30 years$3,501$2,510$1,765$1,221$834$378
31 years$3,352$2,373$1,645$1,121$754$331
32 years$3,212$2,245$1,535$1,031$682$290
33 years$3,080$2,126$1,433$948$617$254
34 years$2,957$2,015$1,339$872$559$222
35 years$2,841$1,911$1,252$803$506$194
36 years$2,732$1,814$1,171$739$459$170
37 years$2,629$1,723$1,096$681$416$149
38 years$2,531$1,637$1,027$628$377$131
39 years$2,439$1,557$962$579$342$115
40 years$2,352$1,481$902$534$310$101
41 years$2,269$1,410$845$493$281$88
42 years$2,190$1,343$793$455$255$77
43 years$2,115$1,280$744$420$232$68
44 years$2,044$1,220$699$388$210$59
45 years$1,976$1,163$656$358$191$52
46 years$1,911$1,110$616$331$173$46
47 years$1,849$1,059$579$305$157$40
48 years$1,790$1,011$544$282$143$35
49 years$1,733$965$511$261$130$31
50 years$1,679$922$481$241$118$27

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 $5,441 every year, while hoping to spend $49,182 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: 68/21/11 Blend
48$1,720,000$1,720,000$1,720,000$1,720,000
49$1,901,052$1,809,892$1,783,232$2,025,533
50$2,042,630$1,846,248$1,790,641$2,145,305
51$2,197,001$1,882,736$1,796,650$2,269,843
52$2,365,417$1,919,313$1,801,160$2,404,759
53$2,549,258$1,955,927$1,804,067$2,551,065
54$2,750,042$1,992,527$1,805,263$2,709,873
55$2,969,439$2,029,053$1,804,632$2,882,411
56$3,209,290$2,065,445$1,802,055$3,070,030
57$3,471,620$2,101,635$1,797,407$3,274,219
58$3,758,660$2,137,549$1,790,554$3,496,618
59$4,072,865$2,173,111$1,781,360$3,739,036
60$4,416,940$2,208,237$1,769,679$4,003,463
61$4,793,863$2,242,835$1,755,358$4,292,095
62$5,206,914$2,276,811$1,738,239$4,607,351
63$5,659,704$2,310,060$1,718,155$4,951,894
64$6,156,212$2,342,471$1,694,931$5,328,662
65$6,700,819$2,373,925$1,668,385$5,740,892
66$7,298,352$2,404,297$1,638,325$6,192,151
67$7,954,125$2,433,448$1,604,550$6,686,369
68$8,673,994$2,461,236$1,566,851$7,227,878
69$9,464,409$2,487,504$1,525,008$7,821,454
70$10,332,475$2,512,088$1,478,792$8,472,357
71$11,286,019$2,534,812$1,427,963$9,186,387
72$12,333,663$2,555,487$1,372,269$9,969,936
73$13,484,905$2,573,914$1,311,449$10,830,047
74$14,750,209$2,589,881$1,245,227$11,774,485
75$16,141,105$2,603,159$1,173,317$12,811,806
76$17,670,293$2,613,510$1,095,418$13,951,441
77$19,351,767$2,620,675$1,011,218$15,203,784
78$21,200,942$2,624,383$920,389$16,580,290
79$23,234,805$2,624,345$822,589$18,093,586
80$25,472,071$2,620,253$717,461$19,757,588
81$27,933,357$2,611,781$604,631$21,587,633
82$30,641,384$2,598,582$483,711$23,600,625
83$33,621,182$2,580,290$354,292$25,815,195
84$36,900,333$2,556,515$215,951$28,251,876
85$40,509,226$2,526,842$68,244$30,933,302
86$44,481,344$2,490,835$0$33,884,414
87$48,853,585$2,448,030$0$37,143,195
88$53,666,601$2,397,934$0$40,738,684
89$58,965,188$2,340,026$0$44,696,314
90$64,798,706$2,273,756$0$49,052,953
91$71,221,543$2,198,539$0$53,849,228
92$78,293,631$2,113,758$0$59,129,913
93$86,081,008$2,018,759$0$64,944,350
94$94,656,442$1,912,849$0$71,346,916
95$104,100,118$1,795,298$0$78,397,538
96$114,500,394$1,665,331$0$86,162,257
97$125,954,633$1,522,131$0$94,713,851
98$138,570,123$1,364,834$0$104,132,529
99$152,465,089$1,192,524$0$114,506,681
100$167,769,807$1,004,236$0$125,933,718