Can I retire at age 49 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$138,733$137,497$136,291$135,115$133,966$128,905
2 years$68,680$67,401$66,161$64,959$63,793$58,753
3 years$45,332$44,047$42,810$41,620$40,473$35,613
4 years$33,660$32,379$31,155$29,985$28,866$24,222
5 years$26,659$25,386$24,178$23,031$21,943$17,528
6 years$21,993$20,729$19,539$18,418$17,363$13,179
7 years$18,661$17,408$16,237$15,143$14,121$10,167
8 years$16,164$14,922$13,770$12,703$11,714$7,988
9 years$14,222$12,993$11,860$10,820$9,865$6,360
10 years$12,670$11,452$10,340$9,327$8,406$5,115
11 years$11,401$10,195$9,103$8,117$7,229$4,146
12 years$10,344$9,151$8,079$7,120$6,265$3,381
13 years$9,450$8,270$7,218$6,286$5,463$2,771
14 years$8,685$7,517$6,485$5,580$4,789$2,280
15 years$8,022$6,867$5,855$4,976$4,216$1,882
16 years$7,443$6,300$5,309$4,456$3,726$1,557
17 years$6,932$5,802$4,831$4,003$3,304$1,291
18 years$6,479$5,361$4,410$3,608$2,938$1,072
19 years$6,074$4,969$4,037$3,260$2,619$892
20 years$5,710$4,617$3,705$2,953$2,339$742
21 years$5,381$4,301$3,408$2,680$2,093$619
22 years$5,082$4,015$3,141$2,436$1,876$516
23 years$4,810$3,755$2,900$2,219$1,684$431
24 years$4,560$3,518$2,682$2,024$1,514$360
25 years$4,331$3,302$2,484$1,848$1,362$301
26 years$4,120$3,103$2,304$1,690$1,227$251
27 years$3,925$2,920$2,139$1,547$1,106$210
28 years$3,744$2,752$1,989$1,417$998$176
29 years$3,576$2,596$1,851$1,300$901$147
30 years$3,420$2,452$1,724$1,193$814$123
31 years$3,274$2,318$1,607$1,095$736$103
32 years$3,137$2,193$1,500$1,007$666$86
33 years$3,009$2,077$1,400$926$603$72
34 years$2,888$1,968$1,308$852$546$60
35 years$2,775$1,867$1,223$784$494$51
36 years$2,668$1,772$1,144$722$448$42
37 years$2,567$1,683$1,071$665$406$35
38 years$2,472$1,599$1,003$613$368$30
39 years$2,382$1,521$940$565$334$25
40 years$2,297$1,447$881$522$303$21
41 years$2,216$1,377$826$481$275$17
42 years$2,139$1,312$775$444$249$15
43 years$2,066$1,250$727$410$226$12
44 years$1,996$1,191$682$379$205$10
45 years$1,930$1,136$641$350$186$9
46 years$1,866$1,084$602$323$169$7
47 years$1,806$1,034$565$298$154$6
48 years$1,748$987$531$276$140$5
49 years$1,693$943$499$255$127$4
50 years$1,640$901$469$235$115$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,680,000, adding $6,784 every year, while hoping to spend $38,352 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: 27/50/23 Blend
48$1,680,000$1,680,000$1,680,000$1,680,000
49$1,858,358$1,769,318$1,743,278$1,894,911
50$2,007,104$1,815,208$1,760,871$1,970,276
51$2,169,737$1,862,062$1,777,769$2,047,334
52$2,347,633$1,909,885$1,793,907$2,129,264
53$2,542,306$1,958,684$1,809,217$2,216,503
54$2,755,425$2,008,464$1,823,630$2,309,535
55$2,988,828$2,059,228$1,837,071$2,408,888
56$3,244,536$2,110,978$1,849,460$2,515,150
57$3,524,778$2,163,715$1,860,717$2,628,962
58$3,832,008$2,217,440$1,870,754$2,751,035
59$4,168,928$2,272,150$1,879,479$2,882,150
60$4,538,515$2,327,841$1,886,798$3,023,168
61$4,944,046$2,384,508$1,892,608$3,175,038
62$5,389,134$2,442,144$1,896,806$3,338,805
63$5,877,756$2,500,740$1,899,279$3,515,622
64$6,414,294$2,560,282$1,899,912$3,706,759
65$7,003,574$2,620,758$1,898,581$3,913,615
66$7,650,914$2,682,151$1,895,159$4,137,734
67$8,362,171$2,744,440$1,889,511$4,380,816
68$9,143,799$2,807,604$1,881,496$4,644,736
69$10,002,907$2,871,617$1,870,966$4,931,561
70$10,947,326$2,936,449$1,857,766$5,243,568
71$11,985,686$3,002,068$1,841,734$5,583,271
72$13,127,493$3,068,436$1,822,699$5,953,437
73$14,383,222$3,135,514$1,800,484$6,357,120
74$15,764,411$3,203,255$1,774,901$6,797,685
75$17,283,776$3,271,610$1,745,755$7,278,843
76$18,955,326$3,340,523$1,712,842$7,804,683
77$20,794,494$3,409,934$1,675,948$8,379,717
78$22,818,288$3,479,776$1,634,847$9,008,917
79$25,045,446$3,549,977$1,589,307$9,697,764
80$27,496,614$3,620,459$1,539,081$10,452,302
81$30,194,542$3,691,134$1,483,914$11,279,194
82$33,164,297$3,761,912$1,423,537$12,185,786
83$36,433,499$3,832,689$1,357,669$13,180,178
84$40,032,582$3,903,357$1,286,017$14,271,296
85$43,995,083$3,973,799$1,208,276$15,468,986
86$48,357,952$4,043,886$1,124,124$16,784,099
87$53,161,908$4,113,482$1,033,228$18,228,599
88$58,451,819$4,182,438$935,237$19,815,676
89$64,277,123$4,250,596$829,786$21,559,869
90$70,692,300$4,317,786$716,494$23,477,209
91$77,757,380$4,383,823$594,962$25,585,367
92$85,538,514$4,448,512$464,775$27,903,822
93$94,108,596$4,511,642$325,498$30,454,051
94$103,547,948$4,572,987$176,677$33,259,728
95$113,945,082$4,632,307$17,839$36,346,949
96$125,397,534$4,689,344$0$39,744,482
97$138,012,783$4,743,823$0$43,521,262
98$151,909,266$4,795,449$0$47,682,117
99$167,217,494$4,843,909$0$52,261,331
100$184,081,286$4,888,868$0$57,301,519