Can I retire at age 49 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$143,688$142,408$141,159$139,940$138,750$135,341
2 years$71,132$69,808$68,524$67,279$66,071$62,658
3 years$46,951$45,620$44,339$43,106$41,918$38,607
4 years$34,862$33,536$32,268$31,056$29,897$26,713
5 years$27,611$26,292$25,041$23,854$22,727$19,680
6 years$22,778$21,470$20,237$19,076$17,983$15,076
7 years$19,328$18,030$16,817$15,683$14,625$11,858
8 years$16,741$15,455$14,262$13,156$12,133$9,504
9 years$14,730$13,457$12,284$11,206$10,218$7,726
10 years$13,122$11,861$10,709$9,660$8,706$6,348
11 years$11,808$10,559$9,428$8,407$7,487$5,259
12 years$10,713$9,478$8,367$7,374$6,488$4,387
13 years$9,788$8,565$7,476$6,510$5,658$3,679
14 years$8,995$7,785$6,717$5,779$4,960$3,099
15 years$8,309$7,112$6,065$5,154$4,367$2,620
16 years$7,709$6,525$5,498$4,615$3,860$2,221
17 years$7,180$6,009$5,003$4,146$3,422$1,888
18 years$6,711$5,553$4,567$3,737$3,043$1,609
19 years$6,291$5,146$4,181$3,376$2,712$1,373
20 years$5,914$4,782$3,837$3,058$2,423$1,173
21 years$5,573$4,455$3,530$2,775$2,168$1,004
22 years$5,263$4,158$3,253$2,523$1,943$860
23 years$4,981$3,889$3,004$2,298$1,744$737
24 years$4,723$3,644$2,778$2,096$1,568$633
25 years$4,486$3,419$2,573$1,914$1,411$543
26 years$4,267$3,214$2,386$1,750$1,271$467
27 years$4,065$3,025$2,216$1,602$1,146$401
28 years$3,878$2,850$2,060$1,468$1,034$345
29 years$3,704$2,689$1,917$1,346$934$297
30 years$3,542$2,539$1,786$1,235$843$255
31 years$3,391$2,400$1,665$1,135$763$220
32 years$3,249$2,271$1,553$1,043$690$189
33 years$3,116$2,151$1,450$959$624$163
34 years$2,991$2,039$1,355$882$565$140
35 years$2,874$1,934$1,267$812$512$121
36 years$2,764$1,835$1,185$748$464$104
37 years$2,659$1,743$1,109$689$420$90
38 years$2,561$1,656$1,039$635$381$77
39 years$2,467$1,575$973$586$346$67
40 years$2,379$1,499$912$540$313$57
41 years$2,295$1,427$855$498$284$49
42 years$2,215$1,359$802$460$258$43
43 years$2,139$1,294$753$425$234$37
44 years$2,067$1,234$707$392$213$32
45 years$1,999$1,177$664$362$193$27
46 years$1,933$1,122$623$334$175$23
47 years$1,871$1,071$585$309$159$20
48 years$1,811$1,023$550$286$145$17
49 years$1,754$977$517$264$131$15
50 years$1,699$933$486$244$119$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,740,000, adding $6,591 every year, while hoping to spend $48,950 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: 44/34/22 Blend
48$1,740,000$1,740,000$1,740,000$1,740,000
49$1,924,279$1,832,059$1,805,089$1,996,421
50$2,068,473$1,869,747$1,813,477$2,085,744
51$2,225,734$1,907,642$1,820,505$2,177,224
52$2,397,343$1,945,701$1,826,077$2,275,391
53$2,584,712$1,983,879$1,830,089$2,380,892
54$2,789,391$2,022,128$1,832,436$2,494,436
55$3,013,090$2,060,393$1,833,004$2,616,808
56$3,257,690$2,098,618$1,831,675$2,748,873
57$3,525,264$2,136,740$1,828,325$2,891,585
58$3,818,092$2,174,691$1,822,825$3,045,997
59$4,138,686$2,212,399$1,815,038$3,213,270
60$4,489,811$2,249,786$1,804,822$3,394,685
61$4,874,514$2,286,768$1,792,026$3,591,654
62$5,296,150$2,323,255$1,776,493$3,805,738
63$5,758,411$2,359,149$1,758,060$4,038,654
64$6,265,369$2,394,346$1,736,554$4,292,300
65$6,821,503$2,428,736$1,711,796$4,568,769
66$7,431,750$2,462,198$1,683,595$4,870,369
67$8,101,548$2,494,605$1,651,755$5,199,645
68$8,836,886$2,525,821$1,616,068$5,559,406
69$9,644,361$2,555,699$1,576,319$5,952,751
70$10,531,241$2,584,083$1,532,282$6,383,096
71$11,505,533$2,610,808$1,483,718$6,854,210
72$12,576,055$2,635,696$1,430,380$7,370,251
73$13,752,525$2,658,557$1,372,010$7,935,803
74$15,045,646$2,679,190$1,308,337$8,555,925
75$16,467,213$2,697,381$1,239,076$9,236,192
76$18,030,217$2,712,901$1,163,934$9,982,757
77$19,748,973$2,725,507$1,082,599$10,802,404
78$21,639,252$2,734,940$994,750$11,702,613
79$23,718,429$2,740,926$900,048$12,691,637
80$26,005,650$2,743,172$798,140$13,778,573
81$28,522,007$2,741,369$688,659$14,973,455
82$31,290,742$2,735,186$571,219$16,287,347
83$34,337,462$2,724,275$445,419$17,732,451
84$37,690,382$2,708,263$310,840$19,322,219
85$41,380,590$2,686,757$167,042$21,071,486
86$45,442,342$2,659,340$13,570$22,996,610
87$49,913,382$2,625,568$0$25,115,625
88$54,835,299$2,584,974$0$27,483,678
89$60,253,921$2,537,059$0$30,093,125
90$66,219,743$2,481,297$0$32,965,073
91$72,788,407$2,417,130$0$36,126,302
92$80,021,223$2,343,968$0$39,606,329
93$87,985,750$2,261,185$0$43,437,688
94$96,756,434$2,168,121$0$47,656,238
95$106,415,307$2,064,075$0$52,301,505
96$117,052,760$1,948,306$0$57,417,054
97$128,768,400$1,820,033$0$63,050,901
98$141,671,989$1,678,426$0$69,255,970
99$155,884,473$1,522,610$0$76,090,595
100$171,539,132$1,351,661$0$83,619,067