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%18.3%
1 years$158,552$157,140$155,762$154,417$153,103$147,966
2 years$78,491$77,029$75,612$74,239$72,906$67,781
3 years$51,808$50,339$48,926$47,566$46,255$41,303
4 years$38,468$37,005$35,606$34,268$32,989$28,248
5 years$30,467$29,012$27,632$26,321$25,078$20,560
6 years$25,135$23,691$22,330$21,049$19,843$15,553
7 years$21,327$19,895$18,557$17,306$16,138$12,074
8 years$18,473$17,054$15,738$14,517$13,388$9,548
9 years$16,254$14,849$13,555$12,366$11,275$7,653
10 years$14,480$13,088$11,817$10,659$9,607$6,199
11 years$13,029$11,652$10,404$9,277$8,262$5,060
12 years$11,822$10,458$9,233$8,137$7,160$4,157
13 years$10,800$9,451$8,249$7,184$6,243$3,433
14 years$9,926$8,591$7,412$6,377$5,473$2,846
15 years$9,168$7,848$6,692$5,687$4,819$2,367
16 years$8,506$7,200$6,067$5,092$4,259$1,974
17 years$7,923$6,631$5,521$4,575$3,776$1,650
18 years$7,405$6,127$5,040$4,123$3,358$1,382
19 years$6,942$5,679$4,614$3,726$2,993$1,159
20 years$6,525$5,277$4,234$3,374$2,673$973
21 years$6,149$4,915$3,895$3,062$2,392$818
22 years$5,808$4,588$3,590$2,784$2,144$688
23 years$5,497$4,291$3,314$2,536$1,925$580
24 years$5,212$4,021$3,065$2,313$1,730$488
25 years$4,950$3,773$2,839$2,112$1,557$412
26 years$4,709$3,546$2,633$1,931$1,402$347
27 years$4,486$3,337$2,445$1,768$1,264$293
28 years$4,279$3,145$2,273$1,620$1,141$247
29 years$4,087$2,967$2,115$1,485$1,030$209
30 years$3,908$2,802$1,970$1,363$931$176
31 years$3,741$2,649$1,837$1,252$841$149
32 years$3,585$2,506$1,714$1,151$761$126
33 years$3,438$2,373$1,600$1,058$689$106
34 years$3,301$2,249$1,495$973$624$90
35 years$3,171$2,134$1,398$896$565$76
36 years$3,049$2,025$1,308$825$512$64
37 years$2,934$1,923$1,224$760$464$54
38 years$2,825$1,828$1,146$701$421$46
39 years$2,723$1,738$1,074$646$381$39
40 years$2,625$1,654$1,006$596$346$33
41 years$2,532$1,574$944$550$314$28
42 years$2,444$1,499$885$508$285$23
43 years$2,361$1,428$831$469$258$20
44 years$2,281$1,362$780$433$235$17
45 years$2,205$1,298$732$400$213$14
46 years$2,133$1,239$688$369$193$12
47 years$2,064$1,182$646$341$176$10
48 years$1,998$1,128$607$315$159$9
49 years$1,935$1,078$571$291$145$7
50 years$1,875$1,029$536$269$132$6

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 $6,004 every year, while hoping to spend $21,359 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: 64/16/20 Blend
48$1,920,000$1,920,000$1,920,000$1,920,000
49$2,122,033$2,020,273$1,990,513$2,246,655
50$2,315,755$2,096,541$2,034,470$2,407,478
51$2,528,520$2,175,830$2,079,183$2,580,144
52$2,762,249$2,258,265$2,124,655$2,768,282
53$3,019,057$2,343,978$2,170,889$2,973,407
54$3,301,273$2,433,106$2,217,887$3,197,185
55$3,611,465$2,525,790$2,265,648$3,441,450
56$3,952,461$2,622,180$2,314,173$3,708,223
57$4,327,376$2,722,431$2,363,462$3,999,726
58$4,739,642$2,826,705$2,413,513$4,318,407
59$5,193,043$2,935,170$2,464,322$4,666,962
60$5,691,744$3,048,004$2,515,888$5,048,358
61$6,240,336$3,165,391$2,568,205$5,465,863
62$6,843,878$3,287,523$2,621,267$5,923,076
63$7,507,943$3,414,600$2,675,069$6,423,960
64$8,238,671$3,546,833$2,729,601$6,972,879
65$9,042,828$3,684,441$2,784,855$7,574,640
66$9,927,869$3,827,651$2,840,821$8,234,537
67$10,902,008$3,976,703$2,897,485$8,958,402
68$11,974,297$4,131,845$2,954,835$9,752,656
69$13,154,708$4,293,338$3,012,855$10,624,374
70$14,454,231$4,461,455$3,071,528$11,581,348
71$15,884,974$4,636,477$3,130,835$12,632,164
72$17,460,280$4,818,703$3,190,757$13,786,275
73$19,194,850$5,008,441$3,251,269$15,054,100
74$21,104,886$5,206,016$3,312,348$16,447,113
75$23,208,239$5,411,765$3,373,965$17,977,955
76$25,524,579$5,626,041$3,436,093$19,660,553
77$28,075,582$5,849,214$3,498,699$21,510,251
78$30,885,134$6,081,668$3,561,748$23,543,951
79$33,979,555$6,323,806$3,625,203$25,780,276
80$37,387,846$6,576,050$3,689,024$28,239,745
81$41,141,968$6,838,838$3,753,168$30,944,962
82$45,277,139$7,112,631$3,817,589$33,920,834
83$49,832,165$7,397,908$3,882,236$37,194,800
84$54,849,812$7,695,171$3,947,057$40,797,097
85$60,377,204$8,004,946$4,011,995$44,761,035
86$66,466,270$8,327,780$4,076,988$49,123,319
87$73,174,235$8,664,246$4,141,973$53,924,392
88$80,564,157$9,014,945$4,206,879$59,208,814
89$88,705,525$9,380,501$4,271,633$65,025,683
90$97,674,913$9,761,569$4,336,157$71,429,100
91$107,556,703$10,158,835$4,400,367$78,478,676
92$118,443,883$10,573,014$4,464,176$86,240,095
93$130,438,921$11,004,854$4,527,488$94,785,733
94$143,654,737$11,455,138$4,590,205$104,195,339
95$158,215,765$11,924,684$4,652,221$114,556,791
96$174,259,126$12,414,347$4,713,424$125,966,920
97$191,935,929$12,925,022$4,773,696$138,532,423
98$211,412,691$13,457,645$4,832,911$152,370,875
99$232,872,910$14,013,195$4,890,939$167,611,829
100$256,518,800$14,592,694$4,947,638$184,398,046