Can I retire at age 49 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$150,294$148,955$147,649$146,374$145,129$140,427
2 years$74,403$73,017$71,674$70,372$69,109$64,416
3 years$49,109$47,718$46,378$45,088$43,846$39,309
4 years$36,465$35,077$33,751$32,483$31,271$26,925
5 years$28,880$27,501$26,192$24,950$23,772$19,629
6 years$23,825$22,457$21,167$19,953$18,810$14,873
7 years$20,216$18,859$17,590$16,405$15,297$11,566
8 years$17,511$16,166$14,918$13,761$12,691$9,162
9 years$15,407$14,075$12,849$11,722$10,687$7,358
10 years$13,726$12,407$11,202$10,104$9,106$5,970
11 years$12,351$11,045$9,862$8,794$7,832$4,884
12 years$11,206$9,913$8,752$7,713$6,787$4,020
13 years$10,238$8,959$7,820$6,810$5,918$3,326
14 years$9,409$8,143$7,026$6,045$5,188$2,763
15 years$8,691$7,439$6,343$5,391$4,568$2,303
16 years$8,063$6,825$5,751$4,827$4,037$1,925
17 years$7,510$6,286$5,233$4,337$3,579$1,613
18 years$7,019$5,808$4,777$3,908$3,183$1,354
19 years$6,580$5,383$4,373$3,532$2,837$1,138
20 years$6,186$5,002$4,014$3,199$2,534$958
21 years$5,829$4,659$3,692$2,903$2,268$807
22 years$5,505$4,349$3,403$2,639$2,033$681
23 years$5,210$4,068$3,142$2,404$1,825$574
24 years$4,940$3,811$2,906$2,192$1,640$485
25 years$4,692$3,577$2,691$2,002$1,476$410
26 years$4,464$3,362$2,496$1,831$1,329$347
27 years$4,252$3,164$2,318$1,676$1,198$293
28 years$4,056$2,981$2,155$1,535$1,081$248
29 years$3,874$2,812$2,005$1,408$976$210
30 years$3,705$2,656$1,868$1,292$882$178
31 years$3,546$2,511$1,741$1,187$798$150
32 years$3,398$2,376$1,624$1,091$722$127
33 years$3,259$2,250$1,517$1,003$653$108
34 years$3,129$2,132$1,417$923$591$91
35 years$3,006$2,022$1,325$849$535$77
36 years$2,891$1,920$1,239$782$485$65
37 years$2,781$1,823$1,160$721$440$55
38 years$2,678$1,733$1,086$664$399$47
39 years$2,581$1,648$1,018$613$362$40
40 years$2,488$1,568$954$565$328$34
41 years$2,400$1,492$895$521$297$29
42 years$2,317$1,421$839$481$270$24
43 years$2,238$1,354$787$444$245$21
44 years$2,162$1,291$739$410$222$17
45 years$2,091$1,231$694$379$202$15
46 years$2,022$1,174$652$350$183$12
47 years$1,957$1,120$612$323$166$11
48 years$1,894$1,070$575$299$151$9
49 years$1,834$1,021$541$276$137$8
50 years$1,777$976$509$255$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,820,000, adding $5,998 every year, while hoping to spend $30,637 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: 83/6/11 Blend
48$1,820,000$1,820,000$1,820,000$1,820,000
49$2,011,827$1,915,367$1,887,157$2,174,667
50$2,184,436$1,976,622$1,917,779$2,343,423
51$2,373,624$2,039,853$1,948,400$2,524,020
52$2,581,050$2,105,122$1,978,988$2,721,427
53$2,808,541$2,172,497$2,009,508$2,937,314
54$3,058,109$2,242,046$2,039,924$3,173,522
55$3,331,971$2,313,841$2,070,196$3,432,079
56$3,632,567$2,387,955$2,100,283$3,715,217
57$3,962,588$2,464,463$2,130,141$4,025,396
58$4,324,995$2,543,445$2,159,724$4,365,326
59$4,723,051$2,624,980$2,188,981$4,737,990
60$5,160,352$2,709,154$2,217,862$5,146,677
61$5,640,857$2,796,052$2,246,309$5,595,007
62$6,168,929$2,885,763$2,274,266$6,086,970
63$6,749,375$2,978,381$2,301,669$6,626,961
64$7,387,490$3,074,000$2,328,453$7,219,823
65$8,089,107$3,172,719$2,354,550$7,870,889
66$8,860,655$3,274,641$2,379,885$8,586,037
67$9,709,213$3,379,870$2,404,383$9,371,742
68$10,642,585$3,488,515$2,427,962$10,235,137
69$11,669,366$3,600,690$2,450,536$11,184,083
70$12,799,028$3,716,510$2,472,016$12,227,240
71$14,042,006$3,836,096$2,492,305$13,374,150
72$15,409,798$3,959,573$2,511,305$14,635,327
73$16,915,074$4,087,068$2,528,910$16,022,353
74$18,571,792$4,218,715$2,545,009$17,547,995
75$20,395,334$4,354,651$2,559,486$19,226,315
76$22,402,648$4,495,019$2,572,219$21,072,810
77$24,612,408$4,639,965$2,583,078$23,104,556
78$27,045,191$4,789,640$2,591,929$25,340,369
79$29,723,671$4,944,203$2,598,629$27,800,980
80$32,672,831$5,103,816$2,603,029$30,509,237
81$35,920,203$5,268,646$2,604,973$33,490,311
82$39,496,121$5,438,866$2,604,297$36,771,942
83$43,434,012$5,614,658$2,600,828$40,384,696
84$47,770,711$5,796,206$2,594,386$44,362,256
85$52,546,806$5,983,702$2,584,780$48,741,737
86$57,807,022$6,177,345$2,571,812$53,564,037
87$63,600,644$6,377,341$2,555,273$58,874,225
88$69,981,980$6,583,901$2,534,945$64,721,964
89$77,010,877$6,797,246$2,510,600$71,161,979
90$84,753,278$7,017,604$2,481,998$78,254,576
91$93,281,854$7,245,208$2,448,886$86,066,209
92$102,676,683$7,480,303$2,411,004$94,670,107
93$113,026,007$7,723,140$2,368,075$104,146,969
94$124,427,066$7,973,980$2,319,811$114,585,717
95$136,987,013$8,233,092$2,265,911$126,084,347
96$150,823,929$8,500,754$2,206,060$138,750,841
97$166,067,934$8,777,255$2,139,927$152,704,198
98$182,862,417$9,062,894$2,067,168$168,075,549
99$201,365,387$9,357,979$1,987,421$185,009,397
100$221,750,966$9,662,830$1,900,310$203,664,983