Can I retire at age 49 with 1,670,000?

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 $1,670,000?

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$137,907$136,679$135,480$134,310$133,168$129,843
2 years$68,271$66,999$65,767$64,572$63,413$60,085
3 years$45,062$43,785$42,556$41,372$40,232$37,004
4 years$33,460$32,186$30,970$29,806$28,694$25,591
5 years$26,500$25,235$24,034$22,894$21,813$18,843
6 years$21,862$20,606$19,423$18,309$17,260$14,427
7 years$18,550$17,305$16,140$15,052$14,037$11,341
8 years$16,068$14,833$13,688$12,627$11,645$9,085
9 years$14,138$12,915$11,790$10,756$9,807$7,380
10 years$12,595$11,384$10,279$9,271$8,356$6,060
11 years$11,333$10,135$9,049$8,069$7,186$5,018
12 years$10,282$9,096$8,031$7,077$6,227$4,183
13 years$9,394$8,220$7,175$6,248$5,430$3,506
14 years$8,633$7,472$6,447$5,547$4,760$2,951
15 years$7,975$6,826$5,821$4,947$4,191$2,493
16 years$7,399$6,263$5,277$4,429$3,704$2,112
17 years$6,891$5,768$4,802$3,980$3,284$1,794
18 years$6,441$5,330$4,384$3,586$2,920$1,527
19 years$6,038$4,939$4,013$3,241$2,603$1,302
20 years$5,676$4,590$3,683$2,935$2,325$1,112
21 years$5,349$4,275$3,388$2,664$2,081$951
22 years$5,052$3,991$3,122$2,422$1,865$814
23 years$4,781$3,733$2,883$2,206$1,674$697
24 years$4,533$3,497$2,666$2,012$1,505$598
25 years$4,306$3,282$2,469$1,837$1,354$513
26 years$4,096$3,084$2,290$1,680$1,220$440
27 years$3,902$2,903$2,127$1,538$1,100$378
28 years$3,722$2,735$1,977$1,409$992$325
29 years$3,555$2,580$1,840$1,292$896$279
30 years$3,399$2,437$1,714$1,186$810$240
31 years$3,254$2,304$1,598$1,089$732$206
32 years$3,118$2,180$1,491$1,001$662$178
33 years$2,991$2,064$1,392$920$599$153
34 years$2,871$1,957$1,300$847$542$131
35 years$2,758$1,856$1,216$779$491$113
36 years$2,652$1,761$1,137$718$445$97
37 years$2,552$1,673$1,065$661$403$84
38 years$2,458$1,590$997$610$366$72
39 years$2,368$1,512$934$562$332$62
40 years$2,283$1,438$875$518$301$53
41 years$2,203$1,369$821$478$273$46
42 years$2,126$1,304$770$441$248$40
43 years$2,053$1,242$723$408$225$34
44 years$1,984$1,184$678$376$204$29
45 years$1,918$1,129$637$347$185$25
46 years$1,855$1,077$598$321$168$22
47 years$1,795$1,028$562$297$153$19
48 years$1,738$981$528$274$139$16
49 years$1,683$937$496$253$126$14
50 years$1,631$895$467$234$114$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,670,000, adding $6,938 every year, while hoping to spend $22,833 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: 67/26/7 Blend
48$1,670,000$1,670,000$1,670,000$1,670,000
49$1,847,497$1,758,987$1,733,102$1,968,611
50$2,011,647$1,820,883$1,766,866$2,111,758
51$2,191,776$1,885,047$1,800,997$2,264,787
52$2,389,488$1,951,565$1,835,482$2,431,469
53$2,606,553$2,020,529$1,870,307$2,613,133
54$2,844,918$2,092,032$1,905,460$2,811,243
55$3,106,731$2,166,172$1,940,923$3,027,408
56$3,394,354$2,243,052$1,976,681$3,263,402
57$3,710,394$2,322,777$2,012,715$3,521,174
58$4,057,719$2,405,457$2,049,006$3,802,873
59$4,439,490$2,491,208$2,085,531$4,110,862
60$4,859,190$2,580,150$2,122,269$4,447,743
61$5,320,656$2,672,406$2,159,193$4,816,382
62$5,828,115$2,768,106$2,196,279$5,219,934
63$6,386,224$2,867,385$2,233,496$5,661,871
64$7,000,116$2,970,383$2,270,815$6,146,019
65$7,675,443$3,077,247$2,308,202$6,676,589
66$8,418,435$3,188,129$2,345,624$7,258,220
67$9,235,955$3,303,187$2,383,042$7,896,021
68$10,135,565$3,422,586$2,420,417$8,595,616
69$11,125,599$3,546,499$2,457,706$9,363,203
70$12,215,236$3,675,104$2,494,866$10,205,605
71$13,414,593$3,808,587$2,531,847$11,130,339
72$14,734,817$3,947,143$2,568,599$12,145,684
73$16,188,190$4,090,975$2,605,069$13,260,760
74$17,788,245$4,240,292$2,641,199$14,485,614
75$19,549,895$4,395,315$2,676,928$15,831,311
76$21,489,571$4,556,273$2,712,192$17,310,041
77$23,625,381$4,723,403$2,746,923$18,935,233
78$25,977,275$4,896,955$2,781,050$20,721,682
79$28,567,238$5,077,187$2,814,497$22,685,684
80$31,419,497$5,264,370$2,847,183$24,845,194
81$34,560,746$5,458,784$2,879,024$27,219,994
82$38,020,400$5,660,723$2,909,929$29,831,874
83$41,830,875$5,870,492$2,939,806$32,704,846
84$46,027,888$6,088,411$2,968,554$35,865,362
85$50,650,801$6,314,810$2,996,068$39,342,565
86$55,742,984$6,550,038$3,022,238$43,168,566
87$61,352,233$6,794,454$3,046,947$47,378,743
88$67,531,214$7,048,436$3,070,073$52,012,078
89$74,337,965$7,312,376$3,091,488$57,111,518
90$81,836,439$7,586,684$3,111,054$62,724,385
91$90,097,111$7,871,787$3,128,630$68,902,821
92$99,197,643$8,168,131$3,144,066$75,704,277
93$109,223,614$8,476,181$3,157,203$83,192,055
94$120,269,330$8,796,421$3,167,877$91,435,906
95$132,438,713$9,129,357$3,175,912$100,512,685
96$145,846,284$9,475,518$3,181,127$110,507,077
97$160,618,239$9,835,453$3,183,330$121,512,397
98$176,893,647$10,209,738$3,182,319$133,631,465
99$194,825,756$10,598,971$3,177,883$146,977,580
100$214,583,441$11,003,779$3,169,800$161,675,584