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%14.9%
1 years$142,036$140,771$139,536$138,332$137,155$134,386
2 years$70,315$69,005$67,736$66,506$65,312$62,534
3 years$46,411$45,096$43,830$42,611$41,437$38,737
4 years$34,461$33,150$31,897$30,699$29,553$26,952
5 years$27,293$25,990$24,753$23,580$22,466$19,971
6 years$22,516$21,223$20,004$18,857$17,776$15,391
7 years$19,106$17,823$16,624$15,503$14,457$12,181
8 years$16,549$15,278$14,098$13,005$11,993$9,826
9 years$14,561$13,302$12,143$11,078$10,100$8,040
10 years$12,972$11,725$10,586$9,549$8,606$6,651
11 years$11,672$10,438$9,320$8,310$7,401$5,550
12 years$10,590$9,369$8,271$7,289$6,414$4,662
13 years$9,675$8,466$7,390$6,435$5,593$3,939
14 years$8,892$7,696$6,640$5,713$4,903$3,343
15 years$8,213$7,030$5,995$5,095$4,317$2,848
16 years$7,620$6,450$5,435$4,562$3,815$2,434
17 years$7,098$5,940$4,946$4,099$3,383$2,085
18 years$6,633$5,489$4,515$3,694$3,008$1,791
19 years$6,219$5,087$4,133$3,338$2,681$1,540
20 years$5,846$4,727$3,793$3,023$2,395$1,327
21 years$5,509$4,403$3,489$2,743$2,143$1,145
22 years$5,203$4,110$3,216$2,494$1,921$990
23 years$4,924$3,844$2,969$2,272$1,724$856
24 years$4,669$3,602$2,746$2,072$1,550$741
25 years$4,434$3,380$2,543$1,892$1,395$642
26 years$4,218$3,177$2,359$1,730$1,256$556
27 years$4,019$2,990$2,190$1,584$1,133$482
28 years$3,834$2,817$2,036$1,451$1,022$418
29 years$3,661$2,658$1,895$1,331$923$363
30 years$3,501$2,510$1,765$1,221$834$315
31 years$3,352$2,373$1,645$1,121$754$274
32 years$3,212$2,245$1,535$1,031$682$238
33 years$3,080$2,126$1,433$948$617$207
34 years$2,957$2,015$1,339$872$559$180
35 years$2,841$1,911$1,252$803$506$156
36 years$2,732$1,814$1,171$739$459$136
37 years$2,629$1,723$1,096$681$416$118
38 years$2,531$1,637$1,027$628$377$103
39 years$2,439$1,557$962$579$342$89
40 years$2,352$1,481$902$534$310$78
41 years$2,269$1,410$845$493$281$68
42 years$2,190$1,343$793$455$255$59
43 years$2,115$1,280$744$420$232$51
44 years$2,044$1,220$699$388$210$45
45 years$1,976$1,163$656$358$191$39
46 years$1,911$1,110$616$331$173$34
47 years$1,849$1,059$579$305$157$29
48 years$1,790$1,011$544$282$143$26
49 years$1,733$965$511$261$130$22
50 years$1,679$922$481$241$118$19

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 $4,571 every year, while hoping to spend $30,563 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: 71/20/9 Blend
48$1,720,000$1,720,000$1,720,000$1,720,000
49$1,900,155$1,808,995$1,782,335$2,031,628
50$2,061,452$1,865,117$1,809,524$2,175,307
51$2,238,177$1,922,965$1,836,600$2,328,323
52$2,431,871$1,982,590$1,863,527$2,494,977
53$2,644,233$2,044,047$1,890,265$2,676,607
54$2,877,130$2,107,392$1,916,775$2,874,682
55$3,132,624$2,172,680$1,943,014$3,090,822
56$3,412,982$2,239,972$1,968,935$3,326,811
57$3,720,703$2,309,327$1,994,491$3,584,611
58$4,058,538$2,380,808$2,019,630$3,866,383
59$4,429,520$2,454,479$2,044,299$4,174,509
60$4,836,988$2,530,405$2,068,439$4,511,611
61$5,284,621$2,608,655$2,091,992$4,880,574
62$5,776,471$2,689,298$2,114,893$5,284,580
63$6,317,005$2,772,407$2,137,075$5,727,130
64$6,911,139$2,858,055$2,158,467$6,212,082
65$7,564,294$2,946,318$2,178,994$6,743,685
66$8,282,439$3,037,275$2,198,578$7,326,620
67$9,072,153$3,131,007$2,217,136$7,966,042
68$9,940,683$3,227,596$2,234,579$8,667,632
69$10,896,012$3,327,127$2,250,817$9,437,645
70$11,946,938$3,429,690$2,265,753$10,282,975
71$13,103,154$3,535,373$2,279,284$11,211,214
72$14,375,339$3,644,269$2,291,303$12,230,730
73$15,775,260$3,756,475$2,301,699$13,350,737
74$17,315,883$3,872,089$2,310,352$14,581,390
75$19,011,493$3,991,212$2,317,139$15,933,876
76$20,877,832$4,113,947$2,321,929$17,420,521
77$22,932,242$4,240,402$2,324,585$19,054,906
78$25,193,836$4,370,687$2,324,964$20,851,993
79$27,683,671$4,504,915$2,322,914$22,828,268
80$30,424,952$4,643,201$2,318,278$25,001,897
81$33,443,246$4,785,667$2,310,889$27,392,894
82$36,766,726$4,932,434$2,300,574$30,023,312
83$40,426,439$5,083,630$2,287,149$32,917,452
84$44,456,591$5,239,383$2,270,424$36,102,088
85$48,894,878$5,399,828$2,250,198$39,606,724
86$53,782,838$5,565,102$2,226,262$43,463,868
87$59,166,242$5,735,346$2,198,396$47,709,342
88$65,095,525$5,910,705$2,166,369$52,382,618
89$71,626,266$6,091,327$2,129,940$57,527,191
90$78,819,710$6,277,366$2,088,858$63,190,988
91$86,743,343$6,468,980$2,042,857$69,426,820
92$95,471,534$6,666,330$1,991,662$76,292,884
93$105,086,231$6,869,581$1,934,984$83,853,307
94$115,677,741$7,078,904$1,872,520$92,178,754
95$127,345,575$7,294,475$1,803,954$101,347,091
96$140,199,392$7,516,473$1,728,955$111,444,127
97$154,360,033$7,745,083$1,647,177$122,564,414
98$169,960,658$7,980,494$1,558,260$134,812,149
99$187,148,008$8,222,901$1,461,825$148,302,150
100$206,083,786$8,472,504$1,357,477$163,160,941