Can I retire at age 49 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$134,604$133,405$132,235$131,093$129,978$127,406
2 years$66,636$65,395$64,192$63,026$61,895$59,314
3 years$43,982$42,736$41,536$40,381$39,268$36,760
4 years$32,658$31,416$30,228$29,092$28,007$25,589
5 years$25,865$24,630$23,458$22,346$21,290$18,971
6 years$21,338$20,112$18,958$17,870$16,846$14,628
7 years$18,106$16,890$15,754$14,692$13,700$11,584
8 years$15,683$14,478$13,361$12,325$11,366$9,350
9 years$13,799$12,606$11,507$10,498$9,572$7,655
10 years$12,293$11,111$10,032$9,049$8,156$6,337
11 years$11,061$9,892$8,832$7,876$7,014$5,290
12 years$10,036$8,878$7,839$6,908$6,078$4,448
13 years$9,169$8,023$7,003$6,099$5,300$3,760
14 years$8,426$7,293$6,292$5,414$4,646$3,193
15 years$7,784$6,662$5,681$4,828$4,091$2,722
16 years$7,222$6,113$5,151$4,323$3,616$2,328
17 years$6,726$5,629$4,687$3,884$3,206$1,996
18 years$6,286$5,202$4,279$3,500$2,850$1,715
19 years$5,893$4,821$3,917$3,163$2,541$1,477
20 years$5,540$4,480$3,595$2,865$2,269$1,273
21 years$5,221$4,173$3,306$2,600$2,031$1,100
22 years$4,931$3,895$3,047$2,364$1,820$951
23 years$4,666$3,643$2,814$2,153$1,634$823
24 years$4,425$3,413$2,602$1,964$1,469$713
25 years$4,202$3,203$2,410$1,793$1,322$618
26 years$3,998$3,011$2,235$1,640$1,190$536
27 years$3,808$2,833$2,076$1,501$1,073$465
28 years$3,633$2,670$1,930$1,375$968$404
29 years$3,470$2,519$1,796$1,261$875$351
30 years$3,318$2,379$1,673$1,157$790$305
31 years$3,176$2,249$1,559$1,063$714$265
32 years$3,043$2,128$1,455$977$646$230
33 years$2,919$2,015$1,358$898$585$200
34 years$2,802$1,910$1,269$826$529$174
35 years$2,692$1,811$1,187$761$480$152
36 years$2,589$1,719$1,110$701$435$132
37 years$2,491$1,633$1,039$646$394$115
38 years$2,399$1,552$973$595$357$100
39 years$2,311$1,476$912$549$324$87
40 years$2,228$1,404$854$506$294$76
41 years$2,150$1,336$801$467$266$66
42 years$2,075$1,273$752$431$242$57
43 years$2,004$1,213$705$398$219$50
44 years$1,937$1,156$662$367$199$44
45 years$1,872$1,102$622$339$181$38
46 years$1,811$1,052$584$313$164$33
47 years$1,752$1,003$548$289$149$29
48 years$1,696$958$515$267$135$25
49 years$1,643$915$484$247$123$22
50 years$1,591$874$455$228$112$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,630,000, adding $6,819 every year, while hoping to spend $51,113 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: 78/8/14 Blend
48$1,630,000$1,630,000$1,630,000$1,630,000
49$1,803,294$1,716,904$1,691,639$1,938,265
50$1,932,846$1,746,648$1,693,925$2,057,865
51$2,073,899$1,776,137$1,694,574$2,181,828
52$2,227,573$1,805,304$1,693,479$2,316,365
53$2,395,099$1,834,077$1,690,524$2,462,511
54$2,577,832$1,862,380$1,685,589$2,621,408
55$2,777,265$1,890,130$1,678,550$2,794,314
56$2,995,039$1,917,240$1,669,275$2,982,614
57$3,232,963$1,943,615$1,657,626$3,187,833
58$3,493,027$1,969,153$1,643,458$3,411,655
59$3,777,421$1,993,748$1,626,619$3,655,930
60$4,088,560$2,017,283$1,606,952$3,922,701
61$4,429,098$2,039,635$1,584,291$4,214,217
62$4,801,962$2,060,673$1,558,460$4,532,956
63$5,210,372$2,080,256$1,529,279$4,881,650
64$5,657,876$2,098,235$1,496,556$5,263,307
65$6,148,382$2,114,450$1,460,093$5,681,244
66$6,686,191$2,128,733$1,419,680$6,139,115
67$7,276,043$2,140,901$1,375,099$6,640,947
68$7,923,157$2,150,763$1,326,123$7,191,177
69$8,633,283$2,158,114$1,272,512$7,794,697
70$9,412,754$2,162,738$1,214,017$8,456,896
71$10,268,545$2,164,402$1,150,377$9,183,712
72$11,208,341$2,162,863$1,081,320$9,981,692
73$12,240,608$2,157,859$1,006,560$10,858,049
74$13,374,669$2,149,113$925,799$11,820,732
75$14,620,799$2,136,333$838,727$12,878,502
76$15,990,314$2,119,207$745,018$14,041,014
77$17,495,683$2,097,405$644,332$15,318,910
78$19,150,641$2,070,577$536,317$16,723,915
79$20,970,324$2,038,352$420,600$18,268,953
80$22,971,402$2,000,337$296,795$19,968,268
81$25,172,247$1,956,115$164,500$21,837,556
82$27,593,097$1,905,246$23,292$23,894,117
83$30,256,253$1,847,263$0$26,157,017
84$33,186,283$1,781,671$0$28,666,296
85$36,410,260$1,707,948$0$31,431,033
86$39,958,009$1,625,541$0$34,473,334
87$43,862,397$1,533,863$0$37,821,400
88$48,159,635$1,432,296$0$41,506,305
89$52,889,625$1,320,186$0$45,562,293
90$58,096,331$1,196,840$0$50,027,093
91$63,828,199$1,061,527$0$54,942,287
92$70,138,607$913,473$0$60,353,692
93$77,086,375$751,863$0$66,311,797
94$84,736,314$575,834$0$72,872,239
95$93,159,842$384,474$0$80,096,328
96$102,435,653$176,820$0$88,051,627
97$112,650,462$0$0$96,812,587
98$123,899,823$0$0$106,465,488
99$136,289,027$0$0$117,113,686
100$149,934,100$0$0$128,841,345