Can I retire at age 49 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$130,475$129,313$128,179$127,072$125,991$123,955
2 years$64,592$63,389$62,223$61,092$59,996$57,950
3 years$42,633$41,425$40,262$39,142$38,064$36,072
4 years$31,656$30,452$29,301$28,200$27,147$25,225
5 years$25,072$23,875$22,738$21,660$20,637$18,790
6 years$20,684$19,495$18,376$17,322$16,329$14,559
7 years$17,550$16,372$15,271$14,241$13,280$11,587
8 years$15,202$14,034$12,951$11,947$11,017$9,402
9 years$13,376$12,219$11,154$10,176$9,278$7,739
10 years$11,916$10,771$9,725$8,772$7,905$6,441
11 years$10,722$9,588$8,561$7,634$6,799$5,409
12 years$9,728$8,606$7,598$6,696$5,892$4,573
13 years$8,888$7,777$6,788$5,912$5,138$3,889
14 years$8,168$7,069$6,099$5,248$4,504$3,323
15 years$7,545$6,458$5,507$4,680$3,965$2,850
16 years$7,000$5,925$4,993$4,190$3,505$2,453
17 years$6,520$5,457$4,543$3,765$3,107$2,117
18 years$6,093$5,042$4,147$3,393$2,763$1,831
19 years$5,712$4,673$3,797$3,066$2,463$1,587
20 years$5,370$4,343$3,484$2,777$2,200$1,378
21 years$5,060$4,045$3,205$2,520$1,969$1,198
22 years$4,779$3,776$2,954$2,291$1,765$1,043
23 years$4,523$3,531$2,727$2,087$1,584$909
24 years$4,289$3,309$2,522$1,903$1,424$793
25 years$4,073$3,105$2,336$1,738$1,281$692
26 years$3,875$2,918$2,167$1,589$1,154$605
27 years$3,692$2,746$2,012$1,455$1,040$529
28 years$3,521$2,588$1,870$1,333$939$463
29 years$3,363$2,441$1,741$1,222$848$405
30 years$3,216$2,306$1,621$1,122$766$354
31 years$3,079$2,180$1,512$1,030$692$310
32 years$2,950$2,062$1,410$947$626$272
33 years$2,830$1,953$1,317$871$567$238
34 years$2,716$1,851$1,230$801$513$209
35 years$2,610$1,756$1,150$737$465$183
36 years$2,509$1,666$1,076$679$421$160
37 years$2,415$1,583$1,007$626$382$141
38 years$2,325$1,504$943$577$346$123
39 years$2,240$1,430$884$532$314$108
40 years$2,160$1,361$828$491$285$95
41 years$2,084$1,295$777$453$258$83
42 years$2,012$1,234$728$418$234$73
43 years$1,943$1,175$684$386$213$64
44 years$1,877$1,120$642$356$193$56
45 years$1,815$1,068$603$329$175$49
46 years$1,755$1,019$566$304$159$43
47 years$1,699$973$532$281$144$38
48 years$1,644$929$500$259$131$33
49 years$1,592$887$470$240$119$29
50 years$1,543$847$441$221$108$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,580,000, adding $4,729 every year, while hoping to spend $50,142 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: 47/29/24 Blend
48$1,580,000$1,580,000$1,580,000$1,580,000
49$1,746,038$1,662,298$1,637,808$1,815,930
50$1,870,783$1,690,400$1,639,324$1,893,553
51$2,006,572$1,718,198$1,639,210$1,972,429
52$2,154,477$1,745,625$1,637,359$2,057,041
53$2,315,681$1,772,608$1,633,657$2,147,951
54$2,491,483$1,799,069$1,627,988$2,245,779
55$2,683,315$1,824,923$1,620,226$2,351,210
56$2,892,751$1,850,082$1,610,241$2,465,000
57$3,121,525$1,874,450$1,597,898$2,587,984
58$3,371,546$1,897,923$1,583,053$2,721,086
59$3,644,916$1,920,393$1,565,557$2,865,322
60$3,943,947$1,941,743$1,545,253$3,021,816
61$4,271,188$1,961,847$1,521,977$3,191,811
62$4,629,444$1,980,572$1,495,558$3,376,675
63$5,021,804$1,997,776$1,465,816$3,577,922
64$5,451,669$2,013,309$1,432,562$3,797,220
65$5,922,786$2,027,008$1,395,600$4,036,411
66$6,439,282$2,038,702$1,354,723$4,297,531
67$7,005,699$2,048,209$1,309,717$4,582,824
68$7,627,044$2,055,335$1,260,356$4,894,768
69$8,308,829$2,059,873$1,206,405$5,236,096
70$9,057,126$2,061,603$1,147,616$5,609,826
71$9,878,625$2,060,294$1,083,734$6,019,289
72$10,780,694$2,055,697$1,014,487$6,468,158
73$11,771,449$2,047,550$939,597$6,960,489
74$12,859,831$2,035,575$858,767$7,500,754
75$14,055,690$2,019,475$771,693$8,093,890
76$15,369,878$1,998,936$678,052$8,745,342
77$16,814,349$1,973,628$577,511$9,461,119
78$18,402,274$1,943,197$469,718$10,247,846
79$20,148,162$1,907,270$354,310$11,112,838
80$22,068,000$1,865,451$230,905$12,064,157
81$24,179,400$1,817,322$99,104$13,110,702
82$26,501,767$1,762,439$0$14,262,284
83$29,056,482$1,700,334$0$15,540,368
84$31,867,101$1,630,508$0$16,974,027
85$34,959,580$1,552,437$0$18,551,137
86$38,362,515$1,465,565$0$20,286,341
87$42,107,417$1,369,303$0$22,195,779
88$46,229,005$1,263,030$0$24,297,244
89$50,765,534$1,146,089$0$26,610,347
90$55,759,155$1,017,784$0$29,156,710
91$61,256,315$877,382$0$31,960,164
92$67,308,192$724,106$0$35,046,979
93$73,971,178$557,138$0$38,446,113
94$81,307,411$375,611$0$42,189,485
95$89,385,362$178,611$0$46,312,280
96$98,280,479$0$0$50,853,280
97$108,075,899$0$0$55,866,348
98$118,863,232$0$0$61,450,059
99$130,743,426$0$0$67,599,697
100$143,827,719$0$0$74,372,873