Can I retire at age 49 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$158,552$157,140$155,762$154,417$153,103$150,753
2 years$78,491$77,029$75,612$74,239$72,906$70,544
3 years$51,808$50,339$48,926$47,566$46,255$43,954
4 years$38,468$37,005$35,606$34,268$32,989$30,768
5 years$30,467$29,012$27,632$26,321$25,078$22,943
6 years$25,135$23,691$22,330$21,049$19,843$17,796
7 years$21,327$19,895$18,557$17,306$16,138$14,180
8 years$18,473$17,054$15,738$14,517$13,388$11,518
9 years$16,254$14,849$13,555$12,366$11,275$9,493
10 years$14,480$13,088$11,817$10,659$9,607$7,911
11 years$13,029$11,652$10,404$9,277$8,262$6,651
12 years$11,822$10,458$9,233$8,137$7,160$5,631
13 years$10,800$9,451$8,249$7,184$6,243$4,795
14 years$9,926$8,591$7,412$6,377$5,473$4,102
15 years$9,168$7,848$6,692$5,687$4,819$3,524
16 years$8,506$7,200$6,067$5,092$4,259$3,037
17 years$7,923$6,631$5,521$4,575$3,776$2,624
18 years$7,405$6,127$5,040$4,123$3,358$2,273
19 years$6,942$5,679$4,614$3,726$2,993$1,973
20 years$6,525$5,277$4,234$3,374$2,673$1,716
21 years$6,149$4,915$3,895$3,062$2,392$1,494
22 years$5,808$4,588$3,590$2,784$2,144$1,303
23 years$5,497$4,291$3,314$2,536$1,925$1,137
24 years$5,212$4,021$3,065$2,313$1,730$993
25 years$4,950$3,773$2,839$2,112$1,557$869
26 years$4,709$3,546$2,633$1,931$1,402$760
27 years$4,486$3,337$2,445$1,768$1,264$666
28 years$4,279$3,145$2,273$1,620$1,141$583
29 years$4,087$2,967$2,115$1,485$1,030$511
30 years$3,908$2,802$1,970$1,363$931$448
31 years$3,741$2,649$1,837$1,252$841$393
32 years$3,585$2,506$1,714$1,151$761$345
33 years$3,438$2,373$1,600$1,058$689$303
34 years$3,301$2,249$1,495$973$624$266
35 years$3,171$2,134$1,398$896$565$233
36 years$3,049$2,025$1,308$825$512$205
37 years$2,934$1,923$1,224$760$464$180
38 years$2,825$1,828$1,146$701$421$158
39 years$2,723$1,738$1,074$646$381$139
40 years$2,625$1,654$1,006$596$346$122
41 years$2,532$1,574$944$550$314$107
42 years$2,444$1,499$885$508$285$94
43 years$2,361$1,428$831$469$258$83
44 years$2,281$1,362$780$433$235$73
45 years$2,205$1,298$732$400$213$64
46 years$2,133$1,239$688$369$193$56
47 years$2,064$1,182$646$341$176$50
48 years$1,998$1,128$607$315$159$44
49 years$1,935$1,078$571$291$145$38
50 years$1,875$1,029$536$269$132$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,920,000, adding $2,607 every year, while hoping to spend $39,063 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: 27/45/28 Blend
48$1,920,000$1,920,000$1,920,000$1,920,000
49$2,118,529$2,016,769$1,987,009$2,157,205
50$2,293,056$2,074,028$2,012,011$2,246,008
51$2,484,076$2,132,783$2,036,542$2,337,755
52$2,693,230$2,193,067$2,060,543$2,435,469
53$2,922,323$2,254,912$2,083,956$2,539,685
54$3,173,348$2,318,351$2,106,716$2,650,992
55$3,448,495$2,383,415$2,128,757$2,770,038
56$3,750,178$2,450,140$2,150,007$2,897,538
57$4,081,056$2,518,556$2,170,392$3,034,275
58$4,444,057$2,588,698$2,189,833$3,181,115
59$4,842,406$2,660,600$2,208,248$3,339,008
60$5,279,656$2,734,293$2,225,548$3,509,003
61$5,759,720$2,809,813$2,241,643$3,692,253
62$6,286,909$2,887,191$2,256,436$3,890,029
63$6,865,972$2,966,462$2,269,824$4,103,729
64$7,502,139$3,047,657$2,281,702$4,334,896
65$8,201,175$3,130,810$2,291,957$4,585,226
66$8,969,428$3,215,952$2,300,470$4,856,590
67$9,813,892$3,303,116$2,307,118$5,151,048
68$10,742,273$3,392,333$2,311,771$5,470,871
69$11,763,061$3,483,634$2,314,292$5,818,559
70$12,885,610$3,577,048$2,314,537$6,196,868
71$14,120,224$3,672,605$2,312,355$6,608,835
72$15,478,257$3,770,334$2,307,590$7,057,806
73$16,972,220$3,870,260$2,300,075$7,547,468
74$18,615,895$3,972,412$2,289,636$8,081,884
75$20,424,468$4,076,812$2,276,091$8,665,533
76$22,414,674$4,183,486$2,259,250$9,303,348
77$24,604,948$4,292,454$2,238,912$10,000,768
78$27,015,606$4,403,737$2,214,868$10,763,787
79$29,669,030$4,517,353$2,186,899$11,599,009
80$32,589,886$4,633,318$2,154,775$12,513,715
81$35,805,349$4,751,645$2,118,254$13,515,928
82$39,345,365$4,872,346$2,077,087$14,614,491
83$43,242,931$4,995,430$2,031,008$15,819,148
84$47,534,405$5,120,901$1,979,741$17,140,641
85$52,259,851$5,248,762$1,923,000$18,590,809
86$57,463,417$5,379,012$1,860,481$20,182,699
87$63,193,747$5,511,646$1,791,869$21,930,692
88$69,504,447$5,646,654$1,716,834$23,850,638
89$76,454,583$5,784,023$1,635,031$25,960,006
90$84,109,245$5,923,735$1,546,099$28,278,048
91$92,540,156$6,065,765$1,449,661$30,825,987
92$101,826,351$6,210,086$1,345,323$33,627,210
93$112,054,920$6,356,663$1,232,674$36,707,495
94$123,321,836$6,505,453$1,111,282$40,095,255
95$135,732,853$6,656,410$980,700$43,821,802
96$149,404,507$6,809,477$840,456$47,921,650
97$164,465,218$6,964,592$690,063$52,432,836
98$181,056,497$7,121,684$529,006$57,397,285
99$199,334,284$7,280,671$356,753$62,861,204
100$219,470,422$7,441,465$172,745$68,875,518