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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$143,688$142,408$141,159$139,940$138,750$135,451
2 years$71,132$69,808$68,524$67,279$66,071$62,767
3 years$46,951$45,620$44,339$43,106$41,918$38,712
4 years$34,862$33,536$32,268$31,056$29,897$26,812
5 years$27,611$26,292$25,041$23,854$22,727$19,774
6 years$22,778$21,470$20,237$19,076$17,983$15,164
7 years$19,328$18,030$16,817$15,683$14,625$11,941
8 years$16,741$15,455$14,262$13,156$12,133$9,582
9 years$14,730$13,457$12,284$11,206$10,218$7,798
10 years$13,122$11,861$10,709$9,660$8,706$6,415
11 years$11,808$10,559$9,428$8,407$7,487$5,322
12 years$10,713$9,478$8,367$7,374$6,488$4,445
13 years$9,788$8,565$7,476$6,510$5,658$3,733
14 years$8,995$7,785$6,717$5,779$4,960$3,149
15 years$8,309$7,112$6,065$5,154$4,367$2,666
16 years$7,709$6,525$5,498$4,615$3,860$2,263
17 years$7,180$6,009$5,003$4,146$3,422$1,927
18 years$6,711$5,553$4,567$3,737$3,043$1,644
19 years$6,291$5,146$4,181$3,376$2,712$1,405
20 years$5,914$4,782$3,837$3,058$2,423$1,202
21 years$5,573$4,455$3,530$2,775$2,168$1,030
22 years$5,263$4,158$3,253$2,523$1,943$884
23 years$4,981$3,889$3,004$2,298$1,744$759
24 years$4,723$3,644$2,778$2,096$1,568$652
25 years$4,486$3,419$2,573$1,914$1,411$561
26 years$4,267$3,214$2,386$1,750$1,271$483
27 years$4,065$3,025$2,216$1,602$1,146$416
28 years$3,878$2,850$2,060$1,468$1,034$358
29 years$3,704$2,689$1,917$1,346$934$308
30 years$3,542$2,539$1,786$1,235$843$266
31 years$3,391$2,400$1,665$1,135$763$229
32 years$3,249$2,271$1,553$1,043$690$198
33 years$3,116$2,151$1,450$959$624$170
34 years$2,991$2,039$1,355$882$565$147
35 years$2,874$1,934$1,267$812$512$127
36 years$2,764$1,835$1,185$748$464$109
37 years$2,659$1,743$1,109$689$420$94
38 years$2,561$1,656$1,039$635$381$82
39 years$2,467$1,575$973$586$346$70
40 years$2,379$1,499$912$540$313$61
41 years$2,295$1,427$855$498$284$52
42 years$2,215$1,359$802$460$258$45
43 years$2,139$1,294$753$425$234$39
44 years$2,067$1,234$707$392$213$34
45 years$1,999$1,177$664$362$193$29
46 years$1,933$1,122$623$334$175$25
47 years$1,871$1,071$585$309$159$22
48 years$1,811$1,023$550$286$145$19
49 years$1,754$977$517$264$131$16
50 years$1,699$933$486$244$119$14

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 $3,364 every year, while hoping to spend $53,270 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$1,740,000$1,740,000$1,740,000$1,740,000
49$1,920,950$1,828,730$1,801,760$2,053,952
50$2,060,208$1,861,659$1,805,440$2,175,288
51$2,211,885$1,894,416$1,807,458$2,301,175
52$2,377,191$1,926,936$1,807,702$2,437,517
53$2,557,459$1,959,151$1,806,055$2,585,329
54$2,754,155$1,990,984$1,802,392$2,745,733
55$2,968,893$2,022,356$1,796,586$2,919,962
56$3,203,449$2,053,181$1,788,501$3,109,376
57$3,459,779$2,083,365$1,777,994$3,315,473
58$3,740,037$2,112,810$1,764,917$3,539,902
59$4,046,592$2,141,410$1,749,114$3,784,483
60$4,382,057$2,169,050$1,730,421$4,051,218
61$4,749,304$2,195,611$1,708,667$4,342,316
62$5,151,498$2,220,962$1,683,673$4,660,209
63$5,592,127$2,244,965$1,655,252$5,007,579
64$6,075,027$2,267,471$1,623,206$5,387,379
65$6,604,427$2,288,325$1,587,331$5,802,865
66$7,184,984$2,307,357$1,547,411$6,257,626
67$7,821,824$2,324,390$1,503,222$6,755,615
68$8,520,597$2,339,232$1,454,527$7,301,192
69$9,287,525$2,351,681$1,401,080$7,899,158
70$10,129,461$2,361,522$1,342,625$8,554,807
71$11,053,954$2,368,525$1,278,891$9,273,974
72$12,069,322$2,372,447$1,209,598$10,063,087
73$13,184,725$2,373,029$1,134,452$10,929,234
74$14,410,255$2,369,996$1,053,144$11,880,224
75$15,757,031$2,363,056$965,355$12,924,667
76$17,237,301$2,351,899$870,747$14,072,051
77$18,864,561$2,336,196$768,972$15,332,831
78$20,653,676$2,315,600$659,662$16,718,533
79$22,621,026$2,289,739$542,436$18,241,860
80$24,784,657$2,258,223$416,894$19,916,813
81$27,164,451$2,220,635$282,619$21,758,822
82$29,782,315$2,176,536$139,177$23,784,895
83$32,662,384$2,125,459$0$26,013,776
84$35,831,252$2,066,911$0$28,467,460
85$39,318,219$2,000,370$0$31,181,733
86$43,155,571$1,925,281$0$34,168,359
87$47,378,880$1,841,060$0$37,455,048
88$52,027,341$1,747,088$0$41,072,338
89$57,144,144$1,642,710$0$45,053,884
90$62,776,876$1,527,232$0$49,436,772
91$68,977,974$1,399,923$0$54,261,878
92$75,805,217$1,260,008$0$59,574,245
93$83,322,270$1,106,670$0$65,423,516
94$91,599,287$939,043$0$71,864,400
95$100,713,572$756,213$0$78,957,186
96$110,750,306$557,217$0$86,768,322
97$121,803,350$341,034$0$95,371,032
98$133,976,135$106,588$0$104,846,016
99$147,382,633$0$0$115,282,210
100$162,148,433$0$0$126,810,034