Can I retire at age 49 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$145,339$144,045$142,781$141,549$140,345$139,695
2 years$71,950$70,610$69,311$68,052$66,831$66,175
3 years$47,490$46,144$44,849$43,602$42,400$41,758
4 years$35,263$33,921$32,639$31,413$30,240$29,617
5 years$27,928$26,595$25,329$24,128$22,988$22,386
6 years$23,040$21,716$20,470$19,295$18,190$17,610
7 years$19,550$18,237$17,010$15,864$14,793$14,235
8 years$16,933$15,633$14,426$13,308$12,272$11,736
9 years$14,900$13,611$12,425$11,335$10,335$9,821
10 years$13,273$11,998$10,833$9,771$8,806$8,314
11 years$11,944$10,681$9,537$8,504$7,573$7,103
12 years$10,836$9,586$8,464$7,459$6,563$6,113
13 years$9,900$8,663$7,562$6,585$5,723$5,294
14 years$9,099$7,875$6,794$5,846$5,017$4,608
15 years$8,404$7,194$6,134$5,213$4,417$4,028
16 years$7,797$6,600$5,562$4,668$3,904$3,534
17 years$7,263$6,078$5,061$4,194$3,461$3,110
18 years$6,788$5,617$4,620$3,780$3,078$2,744
19 years$6,363$5,206$4,229$3,415$2,743$2,427
20 years$5,982$4,837$3,881$3,093$2,450$2,151
21 years$5,637$4,506$3,570$2,807$2,193$1,910
22 years$5,324$4,206$3,290$2,552$1,966$1,698
23 years$5,039$3,934$3,038$2,325$1,764$1,512
24 years$4,777$3,686$2,810$2,120$1,586$1,348
25 years$4,538$3,459$2,602$1,936$1,427$1,203
26 years$4,316$3,251$2,414$1,770$1,285$1,074
27 years$4,112$3,059$2,241$1,620$1,159$960
28 years$3,923$2,883$2,084$1,485$1,046$859
29 years$3,747$2,720$1,939$1,361$944$769
30 years$3,583$2,568$1,806$1,250$853$689
31 years$3,429$2,428$1,684$1,148$771$617
32 years$3,286$2,297$1,571$1,055$698$553
33 years$3,152$2,176$1,467$970$631$496
34 years$3,026$2,062$1,370$892$572$445
35 years$2,907$1,956$1,281$821$518$400
36 years$2,795$1,856$1,199$757$469$359
37 years$2,690$1,763$1,122$697$425$322
38 years$2,590$1,676$1,051$642$386$289
39 years$2,496$1,593$984$592$350$260
40 years$2,406$1,516$923$546$317$234
41 years$2,321$1,443$865$504$288$210
42 years$2,241$1,374$811$465$261$189
43 years$2,164$1,309$761$429$237$170
44 years$2,091$1,248$715$397$215$153
45 years$2,022$1,190$671$366$195$137
46 years$1,955$1,135$630$338$177$123
47 years$1,892$1,083$592$313$161$111
48 years$1,832$1,034$557$289$146$100
49 years$1,774$988$523$267$133$90
50 years$1,718$944$492$247$121$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,760,000, adding $2,394 every year, while hoping to spend $28,464 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: 51/19/30 Blend
48$1,760,000$1,760,000$1,760,000$1,760,000
49$1,941,989$1,848,709$1,821,429$2,024,461
50$2,109,787$1,909,011$1,852,162$2,142,652
51$2,293,746$1,971,313$1,882,970$2,268,078
52$2,495,484$2,035,684$1,913,826$2,403,926
53$2,716,785$2,102,194$1,944,700$2,551,203
54$2,959,612$2,170,915$1,975,562$2,711,016
55$3,226,126$2,241,925$2,006,378$2,884,587
56$3,518,712$2,315,299$2,037,112$3,073,259
57$3,839,992$2,391,120$2,067,727$3,278,511
58$4,192,857$2,469,471$2,098,182$3,501,971
59$4,580,491$2,550,439$2,128,434$3,745,435
60$5,006,404$2,634,113$2,158,439$4,010,876
61$5,474,458$2,720,585$2,188,148$4,300,471
62$5,988,913$2,809,954$2,217,510$4,616,616
63$6,554,457$2,902,317$2,246,472$4,961,951
64$7,176,259$2,997,778$2,274,977$5,339,382
65$7,860,013$3,096,444$2,302,963$5,752,113
66$8,611,990$3,198,425$2,330,368$6,203,670
67$9,439,102$3,303,837$2,357,125$6,697,941
68$10,348,963$3,412,798$2,383,161$7,239,206
69$11,349,962$3,525,430$2,408,402$7,832,181
70$12,451,344$3,641,862$2,432,769$8,482,064
71$13,663,293$3,762,225$2,456,179$9,194,577
72$14,997,031$3,886,656$2,478,543$9,976,030
73$16,464,922$4,015,297$2,499,769$10,833,369
74$18,080,592$4,148,294$2,519,758$11,774,253
75$19,859,052$4,285,800$2,538,410$12,807,115
76$21,816,843$4,427,972$2,555,615$13,941,252
77$23,972,193$4,574,974$2,571,259$15,186,903
78$26,345,184$4,726,975$2,585,223$16,555,354
79$28,957,946$4,884,151$2,597,382$18,059,037
80$31,834,865$5,046,683$2,607,603$19,711,654
81$35,002,812$5,214,760$2,615,748$21,528,301
82$38,491,393$5,388,578$2,621,670$23,525,611
83$42,333,236$5,568,340$2,625,217$25,721,916
84$46,564,293$5,754,255$2,626,228$28,137,412
85$51,224,179$5,946,541$2,624,535$30,794,356
86$56,356,548$6,145,425$2,619,960$33,717,273
87$62,009,505$6,351,140$2,612,318$36,933,188
88$68,236,059$6,563,930$2,601,415$40,471,880
89$75,094,621$6,784,046$2,587,047$44,366,167
90$82,649,559$7,011,751$2,568,999$48,652,210
91$90,971,801$7,247,315$2,547,048$53,369,856
92$100,139,510$7,491,018$2,520,960$58,563,019
93$110,238,816$7,743,154$2,490,488$64,280,087
94$121,364,631$8,004,024$2,455,375$70,574,383
95$133,621,545$8,273,943$2,415,351$77,504,668
96$147,124,813$8,553,236$2,370,135$85,135,696
97$162,001,440$8,842,241$2,319,432$93,538,823
98$178,391,386$9,141,310$2,262,931$102,792,682
99$196,448,878$9,450,805$2,200,310$112,983,926
100$216,343,874$9,771,105$2,131,231$124,208,044