Can I retire at age 49 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$156,074$154,684$153,328$152,004$150,711$147,307
2 years$77,265$75,826$74,431$73,079$71,767$68,356
3 years$50,998$49,553$48,162$46,822$45,532$42,220
4 years$37,867$36,427$35,049$33,733$32,474$29,287
5 years$29,991$28,559$27,200$25,910$24,686$21,633
6 years$24,742$23,320$21,981$20,720$19,533$16,617
7 years$20,994$19,585$18,267$17,035$15,886$13,107
8 years$18,184$16,788$15,492$14,291$13,179$10,536
9 years$16,000$14,617$13,343$12,172$11,098$8,590
10 years$14,254$12,884$11,633$10,493$9,456$7,080
11 years$12,826$11,470$10,241$9,132$8,133$5,885
12 years$11,637$10,295$9,089$8,010$7,048$4,925
13 years$10,632$9,303$8,120$7,071$6,146$4,144
14 years$9,771$8,456$7,296$6,277$5,387$3,503
15 years$9,025$7,725$6,587$5,598$4,743$2,971
16 years$8,373$7,088$5,972$5,013$4,192$2,528
17 years$7,799$6,527$5,435$4,504$3,717$2,157
18 years$7,289$6,032$4,961$4,059$3,305$1,844
19 years$6,833$5,590$4,542$3,667$2,946$1,580
20 years$6,424$5,195$4,168$3,322$2,631$1,355
21 years$6,053$4,839$3,834$3,015$2,355$1,164
22 years$5,717$4,517$3,534$2,741$2,111$1,001
23 years$5,411$4,224$3,263$2,496$1,895$861
24 years$5,130$3,958$3,017$2,277$1,703$742
25 years$4,873$3,714$2,795$2,079$1,532$640
26 years$4,635$3,491$2,592$1,901$1,380$552
27 years$4,416$3,285$2,407$1,740$1,245$476
28 years$4,212$3,096$2,237$1,594$1,123$411
29 years$4,023$2,920$2,082$1,462$1,014$355
30 years$3,847$2,758$1,939$1,342$916$307
31 years$3,683$2,607$1,808$1,232$828$265
32 years$3,529$2,467$1,687$1,133$749$229
33 years$3,385$2,336$1,575$1,041$678$198
34 years$3,249$2,214$1,472$958$614$171
35 years$3,122$2,100$1,376$882$556$148
36 years$3,002$1,993$1,287$812$504$128
37 years$2,888$1,893$1,205$749$457$111
38 years$2,781$1,799$1,128$690$414$96
39 years$2,680$1,711$1,057$636$375$83
40 years$2,584$1,628$991$587$341$72
41 years$2,493$1,550$929$541$309$62
42 years$2,406$1,476$871$500$280$54
43 years$2,324$1,406$818$461$254$47
44 years$2,246$1,340$768$426$231$40
45 years$2,171$1,278$721$393$210$35
46 years$2,100$1,219$677$363$190$30
47 years$2,032$1,164$636$336$173$26
48 years$1,967$1,111$598$310$157$23
49 years$1,905$1,061$562$287$143$20
50 years$1,845$1,013$528$265$129$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,890,000, adding $3,958 every year, while hoping to spend $22,018 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: 54/24/22 Blend
48$1,890,000$1,890,000$1,890,000$1,890,000
49$2,086,863$1,986,693$1,957,398$2,186,771
50$2,276,296$2,060,614$1,999,544$2,329,733
51$2,484,313$2,137,419$2,042,363$2,482,647
52$2,712,787$2,217,226$2,085,856$2,648,645
53$2,963,780$2,300,159$2,130,021$2,828,985
54$3,239,564$2,386,346$2,174,856$3,025,051
55$3,542,643$2,475,920$2,220,357$3,238,366
56$3,875,774$2,569,022$2,266,520$3,470,605
57$4,241,996$2,665,796$2,313,342$3,723,612
58$4,644,655$2,766,396$2,360,814$3,999,416
59$5,087,440$2,870,980$2,408,932$4,300,249
60$5,574,414$2,979,712$2,457,686$4,628,569
61$6,110,052$3,092,767$2,507,066$4,987,082
62$6,699,288$3,210,323$2,557,063$5,378,765
63$7,347,555$3,332,568$2,607,665$5,806,897
64$8,060,841$3,459,699$2,658,857$6,275,087
65$8,845,742$3,591,920$2,710,624$6,787,309
66$9,709,529$3,729,445$2,762,951$7,347,940
67$10,660,210$3,872,497$2,815,819$7,961,796
68$11,706,610$4,021,308$2,869,208$8,634,184
69$12,858,453$4,176,121$2,923,095$9,370,947
70$14,126,454$4,337,190$2,977,457$10,178,518
71$15,522,419$4,504,779$3,032,269$11,063,986
72$17,059,357$4,679,164$3,087,501$12,035,153
73$18,751,602$4,860,634$3,143,123$13,100,617
74$20,614,951$5,049,490$3,199,103$14,269,844
75$22,666,808$5,246,047$3,255,405$15,553,265
76$24,926,351$5,450,633$3,311,990$16,962,365
77$27,414,716$5,663,590$3,368,818$18,509,799
78$30,155,188$5,885,278$3,425,845$20,209,505
79$33,173,431$6,116,069$3,483,024$22,076,836
80$36,497,720$6,356,356$3,540,305$24,128,706
81$40,159,215$6,606,545$3,597,633$26,383,750
82$44,192,253$6,867,064$3,654,951$28,862,494
83$48,634,670$7,138,357$3,712,199$31,587,553
84$53,528,159$7,420,890$3,769,311$34,583,839
85$58,918,667$7,715,148$3,826,218$37,878,801
86$64,856,821$8,021,641$3,882,847$41,502,678
87$71,398,413$8,340,898$3,939,118$45,488,786
88$78,604,923$8,673,473$3,994,950$49,873,832
89$86,544,098$9,019,947$4,050,255$54,698,258
90$95,290,596$9,380,924$4,104,938$60,006,620
91$104,926,685$9,757,038$4,158,902$65,848,014
92$115,543,024$10,148,949$4,212,042$72,276,530
93$127,239,514$10,557,349$4,264,247$79,351,767
94$140,126,246$10,982,961$4,315,401$87,139,394
95$154,324,536$11,426,539$4,365,379$95,711,766
96$169,968,072$11,888,873$4,414,053$105,148,607
97$187,204,175$12,370,787$4,461,284$115,537,761
98$206,195,191$12,873,146$4,506,927$126,976,021
99$227,120,021$13,396,850$4,550,829$139,570,041
100$250,175,810$13,942,843$4,592,828$153,437,339