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%12.8%
1 years$158,552$157,140$155,762$154,417$153,103$151,316
2 years$78,491$77,029$75,612$74,239$72,906$71,107
3 years$51,808$50,339$48,926$47,566$46,255$44,500
4 years$38,468$37,005$35,606$34,268$32,989$31,292
5 years$30,467$29,012$27,632$26,321$25,078$23,443
6 years$25,135$23,691$22,330$21,049$19,843$18,273
7 years$21,327$19,895$18,557$17,306$16,138$14,633
8 years$18,473$17,054$15,738$14,517$13,388$11,948
9 years$16,254$14,849$13,555$12,366$11,275$9,899
10 years$14,480$13,088$11,817$10,659$9,607$8,295
11 years$13,029$11,652$10,404$9,277$8,262$7,013
12 years$11,822$10,458$9,233$8,137$7,160$5,972
13 years$10,800$9,451$8,249$7,184$6,243$5,115
14 years$9,926$8,591$7,412$6,377$5,473$4,403
15 years$9,168$7,848$6,692$5,687$4,819$3,805
16 years$8,506$7,200$6,067$5,092$4,259$3,300
17 years$7,923$6,631$5,521$4,575$3,776$2,870
18 years$7,405$6,127$5,040$4,123$3,358$2,502
19 years$6,942$5,679$4,614$3,726$2,993$2,186
20 years$6,525$5,277$4,234$3,374$2,673$1,914
21 years$6,149$4,915$3,895$3,062$2,392$1,678
22 years$5,808$4,588$3,590$2,784$2,144$1,473
23 years$5,497$4,291$3,314$2,536$1,925$1,294
24 years$5,212$4,021$3,065$2,313$1,730$1,139
25 years$4,950$3,773$2,839$2,112$1,557$1,003
26 years$4,709$3,546$2,633$1,931$1,402$884
27 years$4,486$3,337$2,445$1,768$1,264$780
28 years$4,279$3,145$2,273$1,620$1,141$688
29 years$4,087$2,967$2,115$1,485$1,030$607
30 years$3,908$2,802$1,970$1,363$931$537
31 years$3,741$2,649$1,837$1,252$841$474
32 years$3,585$2,506$1,714$1,151$761$419
33 years$3,438$2,373$1,600$1,058$689$371
34 years$3,301$2,249$1,495$973$624$328
35 years$3,171$2,134$1,398$896$565$290
36 years$3,049$2,025$1,308$825$512$257
37 years$2,934$1,923$1,224$760$464$227
38 years$2,825$1,828$1,146$701$421$201
39 years$2,723$1,738$1,074$646$381$178
40 years$2,625$1,654$1,006$596$346$158
41 years$2,532$1,574$944$550$314$140
42 years$2,444$1,499$885$508$285$124
43 years$2,361$1,428$831$469$258$110
44 years$2,281$1,362$780$433$235$97
45 years$2,205$1,298$732$400$213$86
46 years$2,133$1,239$688$369$193$76
47 years$2,064$1,182$646$341$176$68
48 years$1,998$1,128$607$315$159$60
49 years$1,935$1,078$571$291$145$53
50 years$1,875$1,029$536$269$132$47

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 $2,643 every year, while hoping to spend $48,278 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: 50/34/16 Blend
48$1,920,000$1,920,000$1,920,000$1,920,000
49$2,118,566$2,016,806$1,987,046$2,215,023
50$2,283,293$2,064,262$2,002,245$2,329,176
51$2,463,203$2,112,426$2,016,335$2,447,933
52$2,659,795$2,161,280$2,029,227$2,575,933
53$2,874,718$2,210,807$2,040,830$2,714,064
54$3,109,787$2,260,984$2,051,046$2,863,303
55$3,367,002$2,311,789$2,059,772$3,024,724
56$3,648,563$2,363,193$2,066,901$3,199,515
57$3,956,894$2,415,167$2,072,320$3,388,981
58$4,294,664$2,467,678$2,075,910$3,594,562
59$4,664,814$2,520,687$2,077,547$3,817,842
60$5,070,579$2,574,156$2,077,099$4,060,571
61$5,515,526$2,628,037$2,074,430$4,324,674
62$6,003,582$2,682,283$2,069,396$4,612,274
63$6,539,072$2,736,840$2,061,845$4,925,710
64$7,126,760$2,791,648$2,051,620$5,267,560
65$7,771,895$2,846,644$2,038,554$5,640,666
66$8,480,257$2,901,758$2,022,474$6,048,160
67$9,258,214$2,956,915$2,003,198$6,493,493
68$10,112,781$3,012,033$1,980,535$6,980,470
69$11,051,687$3,067,024$1,954,284$7,513,286
70$12,083,444$3,121,793$1,924,238$8,096,563
71$13,217,431$3,176,237$1,890,176$8,735,395
72$14,463,981$3,230,245$1,851,869$9,435,399
73$15,834,479$3,283,699$1,809,078$10,202,766
74$17,341,465$3,336,469$1,761,551$11,044,318
75$18,998,757$3,388,419$1,709,026$11,967,578
76$20,821,580$3,439,402$1,651,229$12,980,836
77$22,826,707$3,489,258$1,587,870$14,093,230
78$25,032,619$3,537,819$1,518,651$15,314,834
79$27,459,677$3,584,903$1,443,258$16,656,751
80$30,130,318$3,630,318$1,361,361$18,131,220
81$33,069,262$3,673,854$1,272,617$19,751,730
82$36,303,746$3,715,292$1,176,669$21,533,153
83$39,863,782$3,754,396$1,073,141$23,491,879
84$43,782,438$3,790,912$961,643$25,645,974
85$48,096,154$3,824,573$841,764$28,015,353
86$52,845,077$3,855,093$713,079$30,621,965
87$58,073,448$3,882,166$575,141$33,490,005
88$63,830,016$3,905,468$427,484$36,646,141
89$70,168,496$3,924,654$269,623$40,119,766
90$77,148,076$3,939,356$101,049$43,943,279
91$84,833,980$3,949,184$0$48,152,392
92$93,298,075$3,953,723$0$52,799,925
93$102,619,555$3,952,532$0$57,935,085
94$112,885,685$3,945,142$0$63,588,521
95$124,192,628$3,931,057$0$69,813,038
96$136,646,346$3,909,748$0$76,666,833
97$150,363,604$3,880,657$0$84,214,044
98$165,473,071$3,843,189$0$92,525,355
99$182,116,534$3,796,715$0$101,678,666
100$200,450,234$3,740,568$0$111,759,826