Can I retire at age 49 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$128,823$127,676$126,556$125,464$124,397$121,389
2 years$63,774$62,586$61,435$60,319$59,236$56,225
3 years$42,094$40,901$39,753$38,647$37,582$34,660
4 years$31,256$30,066$28,930$27,843$26,804$23,994
5 years$24,754$23,572$22,451$21,386$20,376$17,686
6 years$20,422$19,249$18,143$17,103$16,123$13,556
7 years$17,328$16,165$15,077$14,061$13,112$10,668
8 years$15,009$13,856$12,787$11,795$10,878$8,556
9 years$13,206$12,064$11,013$10,047$9,161$6,959
10 years$11,765$10,634$9,602$8,661$7,805$5,721
11 years$10,586$9,467$8,453$7,537$6,713$4,743
12 years$9,605$8,497$7,502$6,611$5,817$3,959
13 years$8,775$7,679$6,702$5,837$5,073$3,323
14 years$8,065$6,980$6,022$5,181$4,447$2,801
15 years$7,449$6,376$5,437$4,621$3,915$2,369
16 years$6,911$5,850$4,930$4,137$3,460$2,010
17 years$6,437$5,388$4,486$3,717$3,068$1,710
18 years$6,016$4,979$4,095$3,350$2,728$1,458
19 years$5,640$4,614$3,749$3,027$2,432$1,245
20 years$5,302$4,288$3,440$2,742$2,172$1,065
21 years$4,996$3,994$3,164$2,488$1,944$912
22 years$4,719$3,728$2,917$2,262$1,742$782
23 years$4,466$3,487$2,693$2,060$1,564$671
24 years$4,235$3,267$2,491$1,879$1,406$576
25 years$4,022$3,066$2,307$1,716$1,265$495
26 years$3,826$2,881$2,139$1,569$1,139$425
27 years$3,645$2,712$1,987$1,436$1,027$366
28 years$3,477$2,555$1,847$1,316$927$315
29 years$3,321$2,411$1,719$1,207$837$271
30 years$3,175$2,276$1,601$1,108$756$234
31 years$3,040$2,152$1,492$1,017$684$201
32 years$2,913$2,036$1,392$935$618$173
33 years$2,794$1,928$1,300$860$560$149
34 years$2,682$1,828$1,215$791$507$129
35 years$2,577$1,733$1,136$728$459$111
36 years$2,478$1,645$1,062$671$416$96
37 years$2,384$1,563$994$618$377$82
38 years$2,296$1,485$931$569$342$71
39 years$2,212$1,412$872$525$310$61
40 years$2,133$1,344$818$484$281$53
41 years$2,058$1,279$767$447$255$46
42 years$1,986$1,218$719$412$231$39
43 years$1,918$1,161$675$381$210$34
44 years$1,854$1,106$634$351$191$29
45 years$1,792$1,055$595$325$173$25
46 years$1,733$1,006$559$300$157$22
47 years$1,677$960$525$277$143$19
48 years$1,623$917$493$256$130$16
49 years$1,572$875$464$237$118$14
50 years$1,523$836$436$219$107$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,560,000, adding $6,959 every year, while hoping to spend $38,443 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: 37/43/20 Blend
48$1,560,000$1,560,000$1,560,000$1,560,000
49$1,726,298$1,643,618$1,619,438$1,779,535
50$1,861,478$1,683,252$1,632,786$1,858,440
51$2,009,157$1,723,540$1,645,293$1,939,497
52$2,170,570$1,764,473$1,656,890$2,026,259
53$2,347,077$1,806,041$1,667,504$2,119,262
54$2,540,173$1,848,232$1,677,060$2,219,094
55$2,751,507$1,891,031$1,685,478$2,326,404
56$2,982,892$1,934,423$1,692,672$2,441,907
57$3,236,326$1,978,389$1,698,556$2,566,392
58$3,514,010$2,022,908$1,703,036$2,700,727
59$3,818,366$2,067,958$1,706,015$2,845,870
60$4,152,063$2,113,512$1,707,391$3,002,876
61$4,518,041$2,159,541$1,707,055$3,172,907
62$4,919,536$2,206,013$1,704,896$3,357,247
63$5,360,114$2,252,893$1,700,796$3,557,310
64$5,843,702$2,300,142$1,694,629$3,774,652
65$6,374,628$2,347,717$1,686,267$4,010,994
66$6,957,656$2,395,571$1,675,574$4,268,227
67$7,598,037$2,443,654$1,662,406$4,548,442
68$8,301,554$2,491,910$1,646,613$4,853,939
69$9,074,578$2,540,279$1,628,040$5,187,259
70$9,924,128$2,588,696$1,606,522$5,551,198
71$10,857,936$2,637,089$1,581,888$5,948,842
72$11,884,521$2,685,382$1,553,957$6,383,594
73$13,013,269$2,733,492$1,522,541$6,859,204
74$14,254,520$2,781,331$1,487,443$7,379,808
75$15,619,666$2,828,801$1,448,458$7,949,964
76$17,121,259$2,875,799$1,405,368$8,574,700
77$18,773,129$2,922,215$1,357,950$9,259,558
78$20,590,513$2,967,928$1,305,966$10,010,648
79$22,590,199$3,012,811$1,249,170$10,834,707
80$24,790,687$3,056,726$1,187,304$11,739,162
81$27,212,357$3,099,525$1,120,099$12,732,202
82$29,877,667$3,141,053$1,047,273$13,822,855
83$32,811,364$3,181,138$968,531$15,021,074
84$36,040,712$3,219,603$883,565$16,337,831
85$39,595,755$3,256,254$792,055$17,785,223
86$43,509,597$3,290,886$693,664$19,376,587
87$47,818,716$3,323,279$588,042$21,126,625
88$52,563,306$3,353,201$474,823$23,051,544
89$57,787,658$3,380,402$353,623$25,169,213
90$63,540,574$3,404,617$224,045$27,499,329
91$69,875,833$3,425,564$85,671$30,063,606
92$76,852,693$3,442,942$0$32,885,981
93$84,536,453$3,456,431$0$36,006,071
94$92,999,068$3,465,693$0$39,460,105
95$102,319,825$3,470,364$0$43,261,946
96$112,586,098$3,470,063$0$47,447,045
97$123,894,165$3,464,381$0$52,054,476
98$136,350,119$3,452,885$0$57,127,300
99$150,070,872$3,435,117$0$62,712,978
100$165,185,252$3,410,588$0$68,863,820