Can I retire at age 49 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$142,036$140,771$139,536$138,332$137,155$132,184
2 years$70,315$69,005$67,736$66,506$65,312$60,358
3 years$46,411$45,096$43,830$42,611$41,437$36,656
4 years$34,461$33,150$31,897$30,699$29,553$24,982
5 years$27,293$25,990$24,753$23,580$22,466$18,116
6 years$22,516$21,223$20,004$18,857$17,776$13,651
7 years$19,106$17,823$16,624$15,503$14,457$10,556
8 years$16,549$15,278$14,098$13,005$11,993$8,312
9 years$14,561$13,302$12,143$11,078$10,100$6,635
10 years$12,972$11,725$10,586$9,549$8,606$5,350
11 years$11,672$10,438$9,320$8,310$7,401$4,348
12 years$10,590$9,369$8,271$7,289$6,414$3,555
13 years$9,675$8,466$7,390$6,435$5,593$2,922
14 years$8,892$7,696$6,640$5,713$4,903$2,410
15 years$8,213$7,030$5,995$5,095$4,317$1,995
16 years$7,620$6,450$5,435$4,562$3,815$1,655
17 years$7,098$5,940$4,946$4,099$3,383$1,377
18 years$6,633$5,489$4,515$3,694$3,008$1,147
19 years$6,219$5,087$4,133$3,338$2,681$957
20 years$5,846$4,727$3,793$3,023$2,395$799
21 years$5,509$4,403$3,489$2,743$2,143$668
22 years$5,203$4,110$3,216$2,494$1,921$559
23 years$4,924$3,844$2,969$2,272$1,724$468
24 years$4,669$3,602$2,746$2,072$1,550$392
25 years$4,434$3,380$2,543$1,892$1,395$329
26 years$4,218$3,177$2,359$1,730$1,256$276
27 years$4,019$2,990$2,190$1,584$1,133$231
28 years$3,834$2,817$2,036$1,451$1,022$194
29 years$3,661$2,658$1,895$1,331$923$163
30 years$3,501$2,510$1,765$1,221$834$137
31 years$3,352$2,373$1,645$1,121$754$115
32 years$3,212$2,245$1,535$1,031$682$96
33 years$3,080$2,126$1,433$948$617$81
34 years$2,957$2,015$1,339$872$559$68
35 years$2,841$1,911$1,252$803$506$57
36 years$2,732$1,814$1,171$739$459$48
37 years$2,629$1,723$1,096$681$416$40
38 years$2,531$1,637$1,027$628$377$34
39 years$2,439$1,557$962$579$342$28
40 years$2,352$1,481$902$534$310$24
41 years$2,269$1,410$845$493$281$20
42 years$2,190$1,343$793$455$255$17
43 years$2,115$1,280$744$420$232$14
44 years$2,044$1,220$699$388$210$12
45 years$1,976$1,163$656$358$191$10
46 years$1,911$1,110$616$331$173$8
47 years$1,849$1,059$579$305$157$7
48 years$1,790$1,011$544$282$143$6
49 years$1,733$965$511$261$130$5
50 years$1,679$922$481$241$118$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,720,000, adding $2,830 every year, while hoping to spend $45,757 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: 61/33/6 Blend
48$1,720,000$1,720,000$1,720,000$1,720,000
49$1,898,359$1,807,199$1,780,539$2,011,890
50$2,043,307$1,847,067$1,791,502$2,127,956
51$2,201,505$1,887,354$1,801,299$2,248,977
52$2,374,258$1,928,034$1,809,842$2,379,845
53$2,563,000$1,969,076$1,817,039$2,521,506
54$2,769,311$2,010,445$1,822,795$2,675,005
55$2,994,929$2,052,105$1,827,007$2,841,492
56$3,241,770$2,094,016$1,829,569$3,022,234
57$3,511,940$2,136,133$1,830,370$3,218,626
58$3,807,763$2,178,409$1,829,292$3,432,205
59$4,131,795$2,220,790$1,826,213$3,664,664
60$4,486,850$2,263,221$1,821,004$3,917,868
61$4,876,030$2,305,640$1,813,528$4,193,871
62$5,302,749$2,347,980$1,803,645$4,494,937
63$5,770,768$2,390,170$1,791,206$4,823,562
64$6,284,230$2,432,132$1,776,055$5,182,492
65$6,847,698$2,473,783$1,758,029$5,574,757
66$7,466,197$2,515,033$1,736,958$6,003,694
67$8,145,265$2,555,785$1,712,661$6,472,980
68$8,890,999$2,595,935$1,684,952$6,986,667
69$9,710,118$2,635,373$1,653,635$7,549,220
70$10,610,022$2,673,979$1,618,505$8,165,562
71$11,598,865$2,711,625$1,579,345$8,841,115
72$12,685,629$2,748,174$1,535,933$9,581,856
73$13,880,208$2,783,479$1,488,032$10,394,372
74$15,193,505$2,817,386$1,435,397$11,285,921
75$16,637,530$2,849,725$1,377,770$12,264,505
76$18,225,516$2,880,319$1,314,883$13,338,939
77$19,972,041$2,908,977$1,246,454$14,518,942
78$21,893,169$2,935,496$1,172,189$15,815,222
79$24,006,597$2,959,661$1,091,783$17,239,584
80$26,331,825$2,981,239$1,004,913$18,805,034
81$28,890,338$2,999,987$911,244$20,525,912
82$31,705,808$3,015,642$810,426$22,418,017
83$34,804,318$3,027,926$702,094$24,498,766
84$38,214,609$3,036,545$585,864$26,787,351
85$41,968,348$3,041,184$461,339$29,304,927
86$46,100,427$3,041,510$328,102$32,074,809
87$50,649,295$3,037,168$185,717$35,122,693
88$55,657,316$3,027,782$33,731$38,476,900
89$61,171,171$3,012,952$0$42,168,641
90$67,242,299$2,992,256$0$46,240,543
91$73,927,379$2,965,242$0$50,725,134
92$81,288,869$2,931,436$0$55,662,072
93$89,395,588$2,890,331$0$61,097,446
94$98,323,373$2,841,393$0$67,082,047
95$108,155,790$2,784,053$0$73,671,856
96$118,984,922$2,717,713$0$80,928,563
97$130,912,237$2,641,734$0$88,920,160
98$144,049,551$2,555,445$0$97,721,575
99$158,520,076$2,458,132$0$107,415,389
100$174,459,584$2,349,041$0$118,092,610