Can I retire at age 49 with 1,880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,880,000?

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$155,249$153,866$152,517$151,200$149,914$145,057
2 years$76,856$75,424$74,037$72,692$71,388$66,540
3 years$50,728$49,291$47,907$46,575$45,291$40,605
4 years$37,667$36,234$34,864$33,554$32,302$27,813
5 years$29,832$28,408$27,056$25,773$24,556$20,276
6 years$24,611$23,197$21,865$20,611$19,430$15,363
7 years$20,883$19,481$18,170$16,945$15,802$11,947
8 years$18,088$16,699$15,410$14,215$13,109$9,464
9 years$15,915$14,539$13,272$12,108$11,040$7,600
10 years$14,178$12,816$11,571$10,437$9,406$6,167
11 years$12,758$11,409$10,187$9,084$8,090$5,045
12 years$11,575$10,240$9,041$7,967$7,010$4,153
13 years$10,575$9,254$8,077$7,034$6,113$3,436
14 years$9,719$8,412$7,257$6,244$5,359$2,854
15 years$8,977$7,684$6,553$5,569$4,718$2,379
16 years$8,329$7,050$5,941$4,986$4,170$1,989
17 years$7,758$6,493$5,406$4,480$3,697$1,666
18 years$7,250$6,000$4,935$4,037$3,288$1,398
19 years$6,797$5,560$4,518$3,648$2,930$1,175
20 years$6,390$5,167$4,146$3,304$2,617$989
21 years$6,021$4,813$3,814$2,999$2,342$834
22 years$5,687$4,493$3,515$2,726$2,100$703
23 years$5,382$4,202$3,245$2,483$1,885$593
24 years$5,103$3,937$3,001$2,265$1,694$501
25 years$4,847$3,695$2,780$2,068$1,524$423
26 years$4,611$3,472$2,578$1,891$1,373$358
27 years$4,392$3,268$2,394$1,731$1,238$303
28 years$4,190$3,079$2,226$1,586$1,117$256
29 years$4,002$2,905$2,071$1,454$1,009$217
30 years$3,827$2,743$1,929$1,335$911$183
31 years$3,663$2,593$1,799$1,226$824$155
32 years$3,510$2,454$1,678$1,127$745$131
33 years$3,367$2,324$1,567$1,036$675$111
34 years$3,232$2,203$1,464$953$611$94
35 years$3,105$2,089$1,369$877$553$80
36 years$2,986$1,983$1,280$808$501$68
37 years$2,873$1,883$1,198$745$454$57
38 years$2,767$1,790$1,122$686$412$49
39 years$2,666$1,702$1,051$633$373$41
40 years$2,570$1,619$985$584$339$35
41 years$2,480$1,541$924$538$307$30
42 years$2,394$1,468$867$497$279$25
43 years$2,312$1,399$813$459$253$21
44 years$2,234$1,333$764$424$230$18
45 years$2,159$1,271$717$391$209$15
46 years$2,089$1,213$673$361$189$13
47 years$2,021$1,157$633$334$172$11
48 years$1,956$1,105$594$308$156$9
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,880,000, adding $5,225 every year, while hoping to spend $47,637 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: 68/27/5 Blend
48$1,880,000$1,880,000$1,880,000$1,880,000
49$2,077,150$1,977,510$1,948,370$2,216,851
50$2,238,333$2,023,722$1,962,955$2,356,203
51$2,414,361$2,070,603$1,976,432$2,502,220
52$2,606,697$2,118,133$1,988,713$2,660,585
53$2,816,953$2,166,294$1,999,707$2,832,494
54$3,046,902$2,215,063$2,009,318$3,019,265
55$3,298,499$2,264,413$2,017,442$3,222,352
56$3,573,894$2,314,318$2,023,975$3,443,351
57$3,875,456$2,364,744$2,028,803$3,684,024
58$4,205,794$2,415,658$2,031,810$3,946,308
59$4,567,781$2,467,021$2,032,870$4,232,341
60$4,964,579$2,518,789$2,031,856$4,544,474
61$5,399,673$2,570,917$2,028,631$4,885,297
62$5,876,901$2,623,354$2,023,052$5,257,665
63$6,400,491$2,676,044$2,014,969$5,664,723
64$6,975,096$2,728,926$2,004,226$6,109,934
65$7,605,847$2,781,934$1,990,659$6,597,113
66$8,298,393$2,834,998$1,974,095$7,130,466
67$9,058,955$2,888,039$1,954,353$7,714,625
68$9,894,390$2,940,974$1,931,246$8,354,693
69$10,812,249$2,993,713$1,904,573$9,056,294
70$11,820,851$3,046,158$1,874,130$9,825,624
71$12,929,362$3,098,204$1,839,697$10,669,509
72$14,147,879$3,149,738$1,801,049$11,595,474
73$15,487,526$3,200,638$1,757,947$12,611,807
74$16,960,558$3,250,774$1,710,143$13,727,643
75$18,580,479$3,300,006$1,657,377$14,953,048
76$20,362,165$3,348,184$1,599,377$16,299,112
77$22,322,008$3,395,146$1,535,857$17,778,060
78$24,478,065$3,440,721$1,466,521$19,403,359
79$26,850,236$3,484,724$1,391,057$21,189,853
80$29,460,443$3,526,959$1,309,141$23,153,897
81$32,332,843$3,567,215$1,220,432$25,313,518
82$35,494,052$3,605,267$1,124,576$27,688,578
83$38,973,397$3,640,877$1,021,201$30,300,967
84$42,803,192$3,673,789$909,920$33,174,807
85$47,019,044$3,703,731$790,328$36,336,685
86$51,660,185$3,730,412$662,002$39,815,894
87$56,769,846$3,753,524$524,502$43,644,721
88$62,395,663$3,772,739$377,365$47,858,746
89$68,590,124$3,787,708$220,111$52,497,178
90$75,411,069$3,798,058$52,237$57,603,229
91$82,922,230$3,803,395$0$63,224,519
92$91,193,836$3,803,299$0$69,420,298
93$100,303,271$3,797,325$0$76,245,044
94$110,335,811$3,784,999$0$83,759,734
95$121,385,420$3,765,821$0$92,034,641
96$133,555,643$3,739,256$0$101,147,205
97$146,960,579$3,704,740$0$111,182,769
98$161,725,960$3,661,674$0$122,235,381
99$177,990,335$3,609,424$0$134,408,685
100$195,906,379$3,547,315$0$147,816,898