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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$158,552$157,140$155,762$154,417$153,103$151,568
2 years$78,491$77,029$75,612$74,239$72,906$71,360
3 years$51,808$50,339$48,926$47,566$46,255$44,745
4 years$38,468$37,005$35,606$34,268$32,989$31,528
5 years$30,467$29,012$27,632$26,321$25,078$23,669
6 years$25,135$23,691$22,330$21,049$19,843$18,489
7 years$21,327$19,895$18,557$17,306$16,138$14,839
8 years$18,473$17,054$15,738$14,517$13,388$12,144
9 years$16,254$14,849$13,555$12,366$11,275$10,086
10 years$14,480$13,088$11,817$10,659$9,607$8,471
11 years$13,029$11,652$10,404$9,277$8,262$7,180
12 years$11,822$10,458$9,233$8,137$7,160$6,129
13 years$10,800$9,451$8,249$7,184$6,243$5,264
14 years$9,926$8,591$7,412$6,377$5,473$4,543
15 years$9,168$7,848$6,692$5,687$4,819$3,937
16 years$8,506$7,200$6,067$5,092$4,259$3,423
17 years$7,923$6,631$5,521$4,575$3,776$2,986
18 years$7,405$6,127$5,040$4,123$3,358$2,610
19 years$6,942$5,679$4,614$3,726$2,993$2,287
20 years$6,525$5,277$4,234$3,374$2,673$2,008
21 years$6,149$4,915$3,895$3,062$2,392$1,766
22 years$5,808$4,588$3,590$2,784$2,144$1,555
23 years$5,497$4,291$3,314$2,536$1,925$1,371
24 years$5,212$4,021$3,065$2,313$1,730$1,210
25 years$4,950$3,773$2,839$2,112$1,557$1,069
26 years$4,709$3,546$2,633$1,931$1,402$945
27 years$4,486$3,337$2,445$1,768$1,264$836
28 years$4,279$3,145$2,273$1,620$1,141$740
29 years$4,087$2,967$2,115$1,485$1,030$656
30 years$3,908$2,802$1,970$1,363$931$581
31 years$3,741$2,649$1,837$1,252$841$515
32 years$3,585$2,506$1,714$1,151$761$457
33 years$3,438$2,373$1,600$1,058$689$406
34 years$3,301$2,249$1,495$973$624$360
35 years$3,171$2,134$1,398$896$565$320
36 years$3,049$2,025$1,308$825$512$284
37 years$2,934$1,923$1,224$760$464$252
38 years$2,825$1,828$1,146$701$421$224
39 years$2,723$1,738$1,074$646$381$199
40 years$2,625$1,654$1,006$596$346$177
41 years$2,532$1,574$944$550$314$157
42 years$2,444$1,499$885$508$285$140
43 years$2,361$1,428$831$469$258$124
44 years$2,281$1,362$780$433$235$110
45 years$2,205$1,298$732$400$213$98
46 years$2,133$1,239$688$369$193$87
47 years$2,064$1,182$646$341$176$78
48 years$1,998$1,128$607$315$159$69
49 years$1,935$1,078$571$291$145$61
50 years$1,875$1,029$536$269$132$55

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 $2,831 every year, while hoping to spend $38,177 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: 52/42/6 Blend
48$1,920,000$1,920,000$1,920,000$1,920,000
49$2,118,760$2,017,000$1,987,240$2,225,792
50$2,294,254$2,075,213$2,013,193$2,356,907
51$2,486,368$2,134,999$2,038,735$2,495,017
52$2,696,758$2,196,395$2,063,813$2,644,284
53$2,927,247$2,259,437$2,088,370$2,805,764
54$3,179,841$2,324,164$2,112,346$2,980,621
55$3,456,751$2,390,615$2,135,675$3,170,134
56$3,760,412$2,458,827$2,158,293$3,375,712
57$4,093,505$2,528,841$2,180,127$3,598,905
58$4,458,983$2,600,695$2,201,102$3,841,418
59$4,860,101$2,674,430$2,221,140$4,105,127
60$5,300,441$2,750,087$2,240,158$4,392,100
61$5,783,951$2,827,707$2,258,069$4,704,610
62$6,314,979$2,907,330$2,274,779$5,045,163
63$6,898,316$2,988,998$2,290,193$5,416,516
64$7,539,238$3,072,753$2,304,209$5,821,705
65$8,243,559$3,158,636$2,316,718$6,264,073
66$9,017,684$3,246,691$2,327,610$6,747,301
67$9,868,667$3,336,958$2,336,764$7,275,445
68$10,804,283$3,429,481$2,344,058$7,852,971
69$11,833,095$3,524,301$2,349,359$8,484,795
70$12,964,540$3,621,461$2,352,532$9,176,336
71$14,209,013$3,721,002$2,353,431$9,933,560
72$15,577,968$3,822,967$2,351,907$10,763,041
73$17,084,025$3,927,396$2,347,800$11,672,018
74$18,741,088$4,034,332$2,340,944$12,668,468
75$20,564,479$4,143,813$2,331,165$13,761,176
76$22,571,077$4,255,882$2,318,281$14,959,823
77$24,779,482$4,370,575$2,302,098$16,275,073
78$27,210,188$4,487,932$2,282,418$17,718,673
79$29,885,777$4,607,991$2,259,029$19,303,569
80$32,831,131$4,730,788$2,231,711$21,044,020
81$36,073,667$4,856,356$2,200,234$22,955,739
82$39,643,595$4,984,732$2,164,356$25,056,039
83$43,574,204$5,115,946$2,123,823$27,363,992
84$47,902,174$5,250,028$2,078,373$29,900,617
85$52,667,924$5,387,008$2,027,726$32,689,070
86$57,915,992$5,526,911$1,971,595$35,754,868
87$63,695,455$5,669,761$1,909,675$39,126,124
88$70,060,392$5,815,581$1,841,650$42,833,819
89$77,070,395$5,964,387$1,767,188$46,912,090
90$84,791,129$6,116,196$1,685,943$51,398,549
91$93,294,954$6,271,019$1,597,552$56,334,647
92$102,661,606$6,428,866$1,501,637$61,766,054
93$112,978,949$6,589,739$1,397,801$67,743,100
94$124,343,806$6,753,641$1,285,631$74,321,240
95$136,862,869$6,920,564$1,164,695$81,561,587
96$150,653,712$7,090,502$1,034,542$89,531,482
97$165,845,891$7,263,437$894,700$98,305,132
98$182,582,175$7,439,349$744,676$107,964,308
99$201,019,891$7,618,211$583,956$118,599,123
100$221,332,405$7,799,988$412,004$130,308,873