Can I retire at age 49 with 1,510,000?

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 $1,510,000?

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$124,694$123,584$122,500$121,442$120,410$117,546
2 years$61,730$60,580$59,466$58,386$57,338$54,470
3 years$40,744$39,590$38,478$37,408$36,377$33,595
4 years$30,254$29,103$28,002$26,951$25,945$23,268
5 years$23,961$22,817$21,731$20,701$19,723$17,160
6 years$19,767$18,632$17,562$16,554$15,606$13,160
7 years$16,773$15,647$14,594$13,610$12,692$10,362
8 years$14,528$13,412$12,377$11,417$10,529$8,315
9 years$12,783$11,678$10,660$9,725$8,867$6,767
10 years$11,388$10,293$9,294$8,383$7,555$5,567
11 years$10,247$9,164$8,182$7,296$6,498$4,619
12 years$9,297$8,225$7,261$6,399$5,631$3,858
13 years$8,494$7,433$6,488$5,650$4,910$3,240
14 years$7,806$6,756$5,829$5,015$4,304$2,732
15 years$7,211$6,172$5,263$4,473$3,790$2,313
16 years$6,690$5,663$4,772$4,005$3,349$1,964
17 years$6,231$5,215$4,342$3,598$2,970$1,672
18 years$5,823$4,819$3,964$3,243$2,641$1,426
19 years$5,459$4,466$3,629$2,930$2,354$1,219
20 years$5,132$4,150$3,330$2,654$2,102$1,043
21 years$4,836$3,866$3,063$2,408$1,881$894
22 years$4,568$3,608$2,823$2,190$1,686$767
23 years$4,323$3,375$2,607$1,994$1,514$659
24 years$4,099$3,162$2,411$1,819$1,361$566
25 years$3,893$2,967$2,233$1,661$1,224$487
26 years$3,703$2,789$2,071$1,519$1,103$419
27 years$3,528$2,625$1,923$1,390$994$361
28 years$3,365$2,473$1,788$1,274$897$311
29 years$3,214$2,333$1,664$1,168$810$268
30 years$3,074$2,204$1,549$1,072$732$231
31 years$2,942$2,083$1,445$985$662$199
32 years$2,819$1,971$1,348$905$599$171
33 years$2,704$1,867$1,258$832$542$148
34 years$2,596$1,769$1,176$766$491$128
35 years$2,494$1,678$1,099$705$444$110
36 years$2,398$1,593$1,028$649$403$95
37 years$2,308$1,513$963$598$365$82
38 years$2,222$1,438$901$551$331$71
39 years$2,141$1,367$844$508$300$61
40 years$2,064$1,301$792$469$272$53
41 years$1,992$1,238$742$433$247$45
42 years$1,922$1,179$696$399$224$39
43 years$1,857$1,123$653$368$203$34
44 years$1,794$1,071$613$340$184$29
45 years$1,734$1,021$576$314$167$25
46 years$1,678$974$541$290$152$22
47 years$1,623$930$508$268$138$19
48 years$1,571$887$477$248$125$16
49 years$1,522$847$449$229$114$14
50 years$1,474$809$422$212$103$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,510,000, adding $6,221 every year, while hoping to spend $31,082 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: 42/37/21 Blend
48$1,510,000$1,510,000$1,510,000$1,510,000
49$1,670,437$1,590,407$1,567,002$1,730,088
50$1,807,751$1,635,266$1,586,426$1,817,954
51$1,958,028$1,681,281$1,605,458$1,909,570
52$2,122,560$1,728,477$1,624,054$2,008,149
53$2,302,765$1,776,876$1,642,164$2,114,346
54$2,500,208$1,826,504$1,659,737$2,228,885
55$2,716,611$1,877,385$1,676,720$2,352,559
56$2,953,871$1,929,542$1,693,055$2,486,244
57$3,214,076$1,983,000$1,708,683$2,630,903
58$3,499,528$2,037,783$1,723,540$2,787,597
59$3,812,761$2,093,915$1,737,560$2,957,494
60$4,156,566$2,151,421$1,750,672$3,141,880
61$4,534,019$2,210,324$1,762,802$3,342,171
62$4,948,507$2,270,647$1,773,874$3,559,929
63$5,403,761$2,332,416$1,783,806$3,796,872
64$5,903,893$2,395,652$1,792,511$4,054,891
65$6,453,429$2,460,378$1,799,899$4,336,074
66$7,057,359$2,526,617$1,805,876$4,642,716
67$7,721,180$2,594,391$1,810,343$4,977,350
68$8,450,944$2,663,720$1,813,194$5,342,762
69$9,253,325$2,734,627$1,814,320$5,742,025
70$10,135,670$2,807,130$1,813,606$6,178,523
71$11,106,077$2,881,248$1,810,930$6,655,985
72$12,173,468$2,957,000$1,806,168$7,178,520
73$13,347,672$3,034,403$1,799,184$7,750,655
74$14,639,519$3,113,473$1,789,841$8,377,379
75$16,060,941$3,194,224$1,777,992$9,064,190
76$17,625,086$3,276,670$1,763,483$9,817,143
77$19,346,440$3,360,823$1,746,156$10,642,915
78$21,240,966$3,446,692$1,725,841$11,548,861
79$23,326,252$3,534,287$1,702,364$12,543,086
80$25,621,675$3,623,613$1,675,539$13,634,522
81$28,148,590$3,714,674$1,645,174$14,833,013
82$30,930,527$3,807,473$1,611,067$16,149,405
83$33,993,410$3,902,009$1,573,007$17,595,653
84$37,365,808$3,998,278$1,530,773$19,184,929
85$41,079,201$4,096,274$1,484,135$20,931,752
86$45,168,275$4,195,987$1,432,849$22,852,120
87$49,671,253$4,297,404$1,376,663$24,963,663
88$54,630,253$4,400,509$1,315,314$27,285,813
89$60,091,686$4,505,281$1,248,524$29,839,982
90$66,106,693$4,611,695$1,176,004$32,649,769
91$72,731,629$4,719,721$1,097,454$35,741,179
92$80,028,593$4,829,326$1,012,556$39,142,874
93$88,066,015$4,940,468$920,983$42,886,438
94$96,919,301$5,053,104$822,388$47,006,680
95$106,671,544$5,167,181$716,413$51,541,962
96$117,414,311$5,282,641$602,682$56,534,561
97$129,248,501$5,399,421$480,802$62,031,066
98$142,285,303$5,517,448$350,364$68,082,824
99$156,647,243$5,636,642$210,940$74,746,421
100$172,469,339$5,756,915$62,084$82,084,218