Can I retire at age 49 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$151,945$150,592$149,272$147,983$146,724$144,293
2 years$75,221$73,820$72,462$71,146$69,869$67,427
3 years$49,649$48,242$46,888$45,584$44,328$41,951
4 years$36,866$35,463$34,122$32,840$31,615$29,321
5 years$29,198$27,803$26,480$25,225$24,033$21,829
6 years$24,087$22,704$21,400$20,172$19,017$16,905
7 years$20,438$19,066$17,783$16,585$15,466$13,447
8 years$17,703$16,343$15,082$13,913$12,830$10,904
9 years$15,577$14,230$12,990$11,850$10,805$8,970
10 years$13,877$12,543$11,325$10,215$9,206$7,462
11 years$12,487$11,166$9,970$8,890$7,918$6,262
12 years$11,329$10,022$8,848$7,798$6,861$5,291
13 years$10,350$9,057$7,905$6,884$5,983$4,497
14 years$9,512$8,233$7,103$6,111$5,245$3,840
15 years$8,786$7,521$6,413$5,450$4,618$3,291
16 years$8,152$6,900$5,814$4,880$4,081$2,830
17 years$7,593$6,355$5,291$4,385$3,619$2,441
18 years$7,096$5,872$4,830$3,951$3,218$2,110
19 years$6,652$5,442$4,422$3,570$2,868$1,827
20 years$6,254$5,057$4,058$3,234$2,562$1,585
21 years$5,893$4,711$3,732$2,935$2,292$1,377
22 years$5,566$4,397$3,440$2,668$2,055$1,198
23 years$5,268$4,113$3,176$2,430$1,845$1,043
24 years$4,995$3,853$2,938$2,216$1,658$909
25 years$4,744$3,616$2,721$2,024$1,492$793
26 years$4,513$3,398$2,523$1,851$1,344$693
27 years$4,299$3,198$2,343$1,694$1,212$605
28 years$4,101$3,014$2,178$1,552$1,093$529
29 years$3,917$2,843$2,027$1,423$987$462
30 years$3,745$2,685$1,888$1,306$892$404
31 years$3,585$2,538$1,760$1,200$806$354
32 years$3,436$2,402$1,642$1,103$729$310
33 years$3,295$2,274$1,533$1,014$660$271
34 years$3,163$2,156$1,433$933$598$238
35 years$3,039$2,045$1,340$859$541$208
36 years$2,922$1,941$1,253$791$491$182
37 years$2,812$1,843$1,173$729$445$160
38 years$2,708$1,752$1,098$672$403$140
39 years$2,609$1,666$1,029$619$365$123
40 years$2,516$1,585$965$571$332$108
41 years$2,427$1,509$904$527$301$94
42 years$2,343$1,437$848$486$273$83
43 years$2,262$1,369$796$449$248$72
44 years$2,186$1,305$747$415$225$64
45 years$2,114$1,244$702$383$204$56
46 years$2,044$1,187$659$354$185$49
47 years$1,978$1,133$619$327$168$43
48 years$1,915$1,081$582$302$153$38
49 years$1,854$1,033$547$279$139$33
50 years$1,796$986$514$258$126$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,840,000, adding $5,002 every year, while hoping to spend $55,775 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: 66/7/27 Blend
48$1,840,000$1,840,000$1,840,000$1,840,000
49$2,032,840$1,935,320$1,906,800$2,152,307
50$2,180,845$1,970,806$1,911,333$2,268,972
51$2,342,078$2,006,162$1,914,149$2,389,771
52$2,517,828$2,041,322$1,915,132$2,520,607
53$2,709,516$2,076,216$1,914,158$2,662,475
54$2,918,704$2,110,769$1,911,100$2,816,469
55$3,147,113$2,144,898$1,905,823$2,983,798
56$3,396,637$2,178,516$1,898,187$3,165,794
57$3,669,361$2,211,530$1,888,043$3,363,925
58$3,967,580$2,243,840$1,875,237$3,579,810
59$4,293,822$2,275,336$1,859,605$3,815,234
60$4,650,869$2,305,905$1,840,980$4,072,166
61$5,041,786$2,335,423$1,819,181$4,352,776
62$5,469,947$2,363,757$1,794,022$4,659,456
63$5,939,068$2,390,768$1,765,308$4,994,845
64$6,453,242$2,416,305$1,732,835$5,361,851
65$7,016,976$2,440,207$1,696,389$5,763,681
66$7,635,235$2,462,304$1,655,744$6,203,871
67$8,313,485$2,482,413$1,610,668$6,686,319
68$9,057,749$2,500,340$1,560,915$7,215,323
69$9,874,662$2,515,879$1,506,227$7,795,622
70$10,771,530$2,528,810$1,446,339$8,432,439
71$11,756,403$2,538,898$1,380,967$9,131,533
72$12,838,147$2,545,895$1,309,821$9,899,254
73$14,026,530$2,549,537$1,232,593$10,742,601
74$15,332,314$2,549,542$1,148,962$11,669,292
75$16,767,353$2,545,612$1,058,595$12,687,833
76$18,344,707$2,537,431$961,142$13,807,604
77$20,078,764$2,524,662$856,237$15,038,941
78$21,985,376$2,506,948$743,499$16,393,243
79$24,082,008$2,483,912$622,530$17,883,074
80$26,387,901$2,455,152$492,913$19,522,282
81$28,924,255$2,420,243$354,214$21,326,134
82$31,714,428$2,378,734$205,979$23,311,461
83$34,784,156$2,330,148$47,735$25,496,813
84$38,161,794$2,273,979$0$27,902,639
85$41,878,585$2,209,692$0$30,586,380
86$45,968,954$2,136,721$0$33,554,925
87$50,470,831$2,054,464$0$36,822,053
88$55,426,011$1,962,287$0$40,418,112
89$60,880,544$1,859,520$0$44,376,547
90$66,885,173$1,745,450$0$48,734,209
91$73,495,812$1,619,328$0$53,531,710
92$80,774,069$1,480,359$0$58,813,799
93$88,787,831$1,327,704$0$64,629,789
94$97,611,903$1,160,474$0$71,034,020
95$107,328,713$977,734$0$78,086,374
96$118,029,091$778,492$0$85,852,838
97$129,813,121$561,701$0$94,406,129
98$142,791,093$326,258$0$103,826,379
99$157,084,534$70,994$0$114,201,890
100$172,827,361$0$0$125,629,971