Can I retire at age 49 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$137,081$135,860$134,669$133,506$132,371$129,066
2 years$67,862$66,598$65,373$64,186$63,034$59,725
3 years$44,792$43,523$42,301$41,124$39,991$36,782
4 years$33,259$31,994$30,784$29,628$28,522$25,437
5 years$26,341$25,083$23,890$22,757$21,682$18,730
6 years$21,731$20,483$19,306$18,199$17,156$14,340
7 years$18,439$17,201$16,044$14,962$13,953$11,273
8 years$15,971$14,745$13,606$12,552$11,575$9,030
9 years$14,053$12,838$11,719$10,691$9,748$7,336
10 years$12,519$11,316$10,217$9,216$8,306$6,024
11 years$11,265$10,074$8,995$8,021$7,143$4,988
12 years$10,221$9,042$7,983$7,035$6,190$4,158
13 years$9,338$8,171$7,132$6,211$5,398$3,485
14 years$8,582$7,427$6,408$5,513$4,732$2,933
15 years$7,927$6,785$5,786$4,917$4,166$2,478
16 years$7,354$6,225$5,246$4,403$3,682$2,100
17 years$6,850$5,733$4,773$3,956$3,265$1,783
18 years$6,402$5,298$4,357$3,565$2,903$1,518
19 years$6,002$4,910$3,989$3,221$2,587$1,294
20 years$5,642$4,562$3,661$2,917$2,311$1,105
21 years$5,317$4,250$3,367$2,648$2,068$945
22 years$5,021$3,967$3,104$2,407$1,854$809
23 years$4,752$3,710$2,866$2,192$1,664$693
24 years$4,506$3,476$2,650$2,000$1,496$594
25 years$4,280$3,262$2,455$1,826$1,346$510
26 years$4,071$3,066$2,276$1,670$1,212$438
27 years$3,878$2,885$2,114$1,528$1,093$376
28 years$3,700$2,719$1,965$1,400$986$323
29 years$3,534$2,565$1,829$1,284$891$278
30 years$3,379$2,422$1,703$1,179$805$239
31 years$3,235$2,290$1,588$1,082$728$205
32 years$3,099$2,167$1,482$995$658$176
33 years$2,973$2,052$1,383$915$596$152
34 years$2,854$1,945$1,293$842$539$131
35 years$2,742$1,845$1,208$775$488$112
36 years$2,636$1,751$1,131$714$443$97
37 years$2,537$1,663$1,058$657$401$83
38 years$2,443$1,580$991$606$364$72
39 years$2,354$1,503$928$559$330$62
40 years$2,269$1,430$870$515$299$53
41 years$2,189$1,361$816$475$271$46
42 years$2,113$1,296$765$439$246$39
43 years$2,041$1,235$718$405$223$34
44 years$1,972$1,177$674$374$203$29
45 years$1,907$1,123$633$345$184$25
46 years$1,844$1,071$595$319$167$22
47 years$1,785$1,022$559$295$152$19
48 years$1,727$976$525$272$138$16
49 years$1,673$932$493$252$125$14
50 years$1,621$890$464$233$114$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,660,000, adding $4,879 every year, while hoping to spend $55,339 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: 37/34/29 Blend
48$1,660,000$1,660,000$1,660,000$1,660,000
49$1,834,353$1,746,373$1,720,643$1,886,180
50$1,962,576$1,773,065$1,719,404$1,951,708
51$2,102,024$1,799,210$1,716,269$2,017,071
52$2,253,783$1,824,723$1,711,116$2,086,627
53$2,419,047$1,849,513$1,703,817$2,160,792
54$2,599,132$1,873,482$1,694,237$2,240,028
55$2,795,487$1,896,526$1,682,237$2,324,847
56$3,009,704$1,918,533$1,667,670$2,415,813
57$3,243,537$1,939,384$1,650,380$2,513,555
58$3,498,917$1,958,953$1,630,206$2,618,764
59$3,777,968$1,977,103$1,606,980$2,732,209
60$4,083,031$1,993,691$1,580,524$2,854,739
61$4,416,680$2,008,563$1,550,652$2,987,295
62$4,781,754$2,021,554$1,517,171$3,130,916
63$5,181,374$2,032,491$1,479,877$3,286,753
64$5,618,979$2,041,189$1,438,558$3,456,078
65$6,098,357$2,047,449$1,392,992$3,640,299
66$6,623,678$2,051,062$1,342,946$3,840,972
67$7,199,535$2,051,807$1,288,177$4,059,818
68$7,830,988$2,049,445$1,228,431$4,298,739
69$8,523,607$2,043,726$1,163,441$4,559,837
70$9,283,530$2,034,384$1,092,932$4,845,438
71$10,117,516$2,021,135$1,016,611$5,158,109
72$11,033,012$2,003,680$934,177$5,500,688
73$12,038,218$1,981,699$845,311$5,876,313
74$13,142,171$1,954,857$749,683$6,288,446
75$14,354,823$1,922,795$646,948$6,740,916
76$15,687,137$1,885,135$536,743$7,237,951
77$17,151,194$1,841,475$418,693$7,784,218
78$18,760,299$1,791,391$292,403$8,384,876
79$20,529,113$1,734,433$157,462$9,045,617
80$22,473,788$1,670,124$13,441$9,772,729
81$24,612,116$1,597,962$0$10,573,155
82$26,963,702$1,517,413$0$11,497,956
83$29,550,147$1,427,913$0$12,519,453
84$32,395,247$1,328,867$0$13,642,972
85$35,525,224$1,219,643$0$14,878,979
86$38,968,967$1,099,575$0$16,239,013
87$42,758,307$967,960$0$17,735,802
88$46,928,317$824,052$0$19,383,379
89$51,517,640$667,066$0$21,197,219
90$56,568,857$496,170$0$23,194,386
91$62,128,886$310,488$0$25,393,696
92$68,249,423$109,092$0$27,815,895
93$74,987,431$0$0$30,483,860
94$82,405,679$0$0$33,463,593
95$90,573,327$0$0$36,789,570
96$99,566,587$0$0$40,452,047
97$109,469,436$0$0$44,485,259
98$120,374,407$0$0$48,926,933
99$132,383,466$0$0$53,818,640
100$145,608,972$0$0$59,206,186