Can I retire at age 49 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$132,127$130,950$129,801$128,681$127,586$123,354
2 years$65,409$64,191$63,010$61,866$60,755$56,533
3 years$43,173$41,950$40,772$39,638$38,546$34,465
4 years$32,057$30,837$29,671$28,557$27,491$23,583
5 years$25,389$24,177$23,026$21,934$20,898$17,174
6 years$20,945$19,742$18,609$17,541$16,536$12,999
7 years$17,773$16,579$15,464$14,422$13,448$10,097
8 years$15,394$14,212$13,115$12,098$11,157$7,989
9 years$13,545$12,374$11,296$10,305$9,396$6,408
10 years$12,067$10,907$9,848$8,883$8,005$5,193
11 years$10,858$9,710$8,670$7,731$6,885$4,242
12 years$9,851$8,715$7,694$6,781$5,966$3,488
13 years$9,000$7,876$6,874$5,986$5,203$2,882
14 years$8,271$7,159$6,177$5,314$4,561$2,391
15 years$7,640$6,540$5,577$4,739$4,016$1,990
16 years$7,089$6,000$5,056$4,243$3,549$1,661
17 years$6,602$5,526$4,601$3,813$3,147$1,389
18 years$6,171$5,106$4,200$3,436$2,798$1,164
19 years$5,785$4,732$3,845$3,105$2,494$977
20 years$5,438$4,398$3,529$2,812$2,228$821
21 years$5,124$4,096$3,246$2,552$1,993$691
22 years$4,840$3,824$2,991$2,320$1,787$582
23 years$4,581$3,576$2,762$2,113$1,604$490
24 years$4,343$3,351$2,554$1,927$1,442$413
25 years$4,125$3,144$2,366$1,760$1,297$349
26 years$3,924$2,955$2,194$1,609$1,169$294
27 years$3,738$2,781$2,038$1,473$1,054$249
28 years$3,566$2,621$1,894$1,350$951$210
29 years$3,406$2,472$1,763$1,238$858$177
30 years$3,257$2,335$1,642$1,136$776$150
31 years$3,118$2,207$1,531$1,043$701$127
32 years$2,987$2,088$1,428$959$634$107
33 years$2,865$1,978$1,333$882$574$90
34 years$2,751$1,875$1,246$811$520$77
35 years$2,643$1,778$1,165$747$471$65
36 years$2,541$1,688$1,090$688$427$55
37 years$2,445$1,603$1,020$634$387$46
38 years$2,355$1,523$955$584$350$39
39 years$2,269$1,448$895$539$318$33
40 years$2,187$1,378$839$497$288$28
41 years$2,110$1,312$786$458$262$24
42 years$2,037$1,249$738$423$237$20
43 years$1,967$1,190$692$390$215$17
44 years$1,901$1,135$650$361$195$14
45 years$1,838$1,082$610$333$177$12
46 years$1,778$1,032$573$308$161$10
47 years$1,720$985$538$284$146$9
48 years$1,665$940$506$263$133$7
49 years$1,612$898$476$243$121$6
50 years$1,562$858$447$224$110$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,600,000, adding $2,996 every year, while hoping to spend $21,404 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: 59/13/28 Blend
48$1,600,000$1,600,000$1,600,000$1,600,000
49$1,766,290$1,681,490$1,656,690$1,856,890
50$1,923,678$1,741,110$1,689,416$1,978,785
51$2,096,402$1,802,933$1,722,520$2,109,151
52$2,286,004$1,867,046$1,755,994$2,250,913
53$2,494,183$1,933,537$1,789,825$2,405,181
54$2,722,808$2,002,498$1,824,003$2,573,183
55$2,973,940$2,074,027$1,858,513$2,756,267
56$3,249,851$2,148,223$1,893,342$2,955,919
57$3,553,040$2,225,190$1,928,473$3,173,775
58$3,886,263$2,305,038$1,963,890$3,411,635
59$4,252,556$2,387,878$1,999,574$3,671,484
60$4,655,262$2,473,830$2,035,505$3,955,507
61$5,098,066$2,563,015$2,071,662$4,266,108
62$5,585,027$2,655,560$2,108,021$4,605,939
63$6,120,617$2,751,600$2,144,557$4,977,918
64$6,709,763$2,851,272$2,181,243$5,385,259
65$7,357,895$2,954,721$2,218,051$5,831,505
66$8,070,995$3,062,096$2,254,950$6,320,555
67$8,855,652$3,173,555$2,291,906$6,856,707
68$9,719,129$3,289,259$2,328,886$7,444,694
69$10,669,427$3,409,380$2,365,850$8,089,732
70$11,715,361$3,534,093$2,402,759$8,797,564
71$12,866,648$3,663,583$2,439,571$9,574,520
72$14,133,990$3,798,042$2,476,240$10,427,572
73$15,529,181$3,937,670$2,512,719$11,364,402
74$17,065,218$4,082,677$2,548,955$12,393,475
75$18,756,420$4,233,278$2,584,895$13,524,113
76$20,618,567$4,389,701$2,620,482$14,766,592
77$22,669,047$4,552,182$2,655,654$16,132,230
78$24,927,018$4,720,968$2,690,347$17,633,501
79$27,413,593$4,896,314$2,724,493$19,284,145
80$30,152,035$5,078,489$2,758,019$21,099,304
81$33,167,980$5,267,772$2,790,849$23,095,661
82$36,489,674$5,464,453$2,822,903$25,291,600
83$40,148,245$5,668,836$2,854,095$27,707,375
84$44,177,995$5,881,238$2,884,336$30,365,306
85$48,616,720$6,101,988$2,913,530$33,289,985
86$53,506,071$6,331,431$2,941,579$36,508,510
87$58,891,945$6,569,925$2,968,376$40,050,742
88$64,824,918$6,817,846$2,993,811$43,949,583
89$71,360,722$7,075,584$3,017,767$48,241,290
90$78,560,775$7,343,546$3,040,121$52,965,813
91$86,492,752$7,622,158$3,060,744$58,167,176
92$95,231,233$7,911,864$3,079,498$63,893,890
93$104,858,399$8,213,126$3,096,242$70,199,410
94$115,464,815$8,526,427$3,110,825$77,142,641
95$127,150,276$8,852,273$3,123,088$84,788,492
96$140,024,759$9,191,189$3,132,866$93,208,490
97$154,209,451$9,543,723$3,139,983$102,481,455
98$169,837,899$9,910,451$3,144,258$112,694,241
99$187,057,271$10,291,969$3,145,496$123,942,560
100$206,029,740$10,688,902$3,143,498$136,331,880