Can I retire at age 49 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$132,952$131,768$130,613$129,485$128,384$125,998
2 years$65,818$64,592$63,404$62,252$61,135$58,740
3 years$43,443$42,212$41,027$39,886$38,787$36,457
4 years$32,257$31,030$29,857$28,735$27,663$25,417
5 years$25,548$24,328$23,170$22,072$21,029$18,873
6 years$21,076$19,866$18,725$17,651$16,639$14,576
7 years$17,884$16,683$15,561$14,512$13,532$11,562
8 years$15,490$14,300$13,197$12,173$11,226$9,349
9 years$13,630$12,451$11,366$10,369$9,454$7,668
10 years$12,142$10,975$9,909$8,938$8,055$6,359
11 years$10,926$9,770$8,724$7,779$6,928$5,319
12 years$9,913$8,769$7,742$6,823$6,004$4,480
13 years$9,056$7,925$6,917$6,024$5,235$3,795
14 years$8,323$7,204$6,215$5,347$4,589$3,230
15 years$7,688$6,581$5,611$4,769$4,041$2,759
16 years$7,133$6,038$5,088$4,270$3,571$2,364
17 years$6,644$5,560$4,630$3,837$3,166$2,032
18 years$6,209$5,138$4,226$3,458$2,815$1,750
19 years$5,821$4,762$3,869$3,124$2,509$1,510
20 years$5,472$4,425$3,551$2,830$2,242$1,305
21 years$5,157$4,122$3,266$2,568$2,006$1,129
22 years$4,870$3,847$3,010$2,335$1,798$979
23 years$4,609$3,598$2,779$2,126$1,614$849
24 years$4,370$3,372$2,570$1,939$1,451$737
25 years$4,151$3,164$2,381$1,771$1,305$641
26 years$3,949$2,974$2,208$1,619$1,176$557
27 years$3,762$2,799$2,050$1,482$1,060$485
28 years$3,588$2,637$1,906$1,358$957$422
29 years$3,427$2,488$1,774$1,245$864$367
30 years$3,277$2,349$1,652$1,143$780$320
31 years$3,137$2,221$1,540$1,050$706$279
32 years$3,006$2,102$1,437$965$638$243
33 years$2,883$1,990$1,342$887$578$212
34 years$2,768$1,886$1,254$816$523$185
35 years$2,659$1,789$1,172$751$474$161
36 years$2,557$1,698$1,096$692$429$141
37 years$2,461$1,613$1,026$638$389$123
38 years$2,369$1,533$961$588$353$107
39 years$2,283$1,457$900$542$320$93
40 years$2,201$1,387$844$500$290$82
41 years$2,123$1,320$791$461$263$71
42 years$2,050$1,257$742$426$239$62
43 years$1,980$1,198$697$393$217$54
44 years$1,913$1,142$654$363$197$47
45 years$1,849$1,089$614$335$179$41
46 years$1,789$1,039$577$309$162$36
47 years$1,731$991$542$286$147$32
48 years$1,675$946$509$264$134$28
49 years$1,623$904$479$244$121$24
50 years$1,572$863$450$226$110$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,610,000, adding $3,955 every year, while hoping to spend $45,388 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: 42/34/24 Blend
48$1,610,000$1,610,000$1,610,000$1,610,000
49$1,778,300$1,692,970$1,668,015$1,840,342
50$1,911,394$1,727,633$1,675,601$1,919,725
51$2,056,542$1,762,473$1,681,920$2,001,001
52$2,214,927$1,797,451$1,686,881$2,088,120
53$2,387,848$1,832,525$1,690,390$2,181,644
54$2,576,737$1,867,648$1,692,347$2,282,195
55$2,783,171$1,902,769$1,692,648$2,390,458
56$3,008,885$1,937,836$1,691,182$2,507,191
57$3,255,790$1,972,788$1,687,835$2,633,227
58$3,525,989$2,007,563$1,682,486$2,769,490
59$3,821,798$2,042,092$1,675,007$2,916,994
60$4,145,769$2,076,302$1,665,268$3,076,862
61$4,500,711$2,110,114$1,653,127$3,250,332
62$4,889,717$2,143,443$1,638,441$3,438,768
63$5,316,194$2,176,198$1,621,055$3,643,678
64$5,783,896$2,208,282$1,600,810$3,866,724
65$6,296,955$2,239,589$1,577,539$4,109,741
66$6,859,923$2,270,008$1,551,065$4,374,752
67$7,477,816$2,299,419$1,521,207$4,663,989
68$8,156,157$2,327,694$1,487,770$4,979,917
69$8,901,029$2,354,695$1,450,555$5,325,254
70$9,719,137$2,380,278$1,409,351$5,702,996
71$10,617,863$2,404,286$1,363,939$6,116,451
72$11,605,341$2,426,552$1,314,087$6,569,269
73$12,690,532$2,446,899$1,259,555$7,065,473
74$13,883,309$2,465,139$1,200,092$7,609,504
75$15,194,546$2,481,071$1,135,435$8,206,258
76$16,636,227$2,494,480$1,065,309$8,861,137
77$18,221,551$2,505,140$989,427$9,580,099
78$19,965,065$2,512,807$907,488$10,369,714
79$21,882,791$2,517,224$819,179$11,237,231
80$23,992,387$2,518,119$724,172$12,190,642
81$26,313,304$2,515,200$622,125$13,238,763
82$28,866,975$2,508,160$512,681$14,391,316
83$31,677,018$2,496,671$395,467$15,659,022
84$34,769,451$2,480,385$270,092$17,053,703
85$38,172,946$2,458,935$136,152$18,588,399
86$41,919,094$2,431,930$0$20,277,485
87$46,042,702$2,398,955$0$22,138,554
88$50,582,126$2,359,572$0$24,224,670
89$55,579,628$2,313,316$0$26,520,324
90$61,081,776$2,259,695$0$29,046,893
91$67,139,883$2,198,186$0$31,827,941
92$73,810,492$2,128,238$0$34,889,438
93$81,155,907$2,049,267$0$38,260,014
94$89,244,782$1,960,653$0$41,971,222
95$98,152,768$1,861,743$0$46,057,842
96$107,963,226$1,751,844$0$50,558,209
97$118,768,015$1,630,225$0$55,514,578
98$130,668,358$1,496,111$0$60,973,520
99$143,775,796$1,348,685$0$66,986,369
100$158,213,238$1,187,082$0$73,609,702