Can I retire at age 49 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$159,378$157,958$156,573$155,221$153,901$147,853
2 years$78,900$77,430$76,006$74,625$73,286$67,267
3 years$52,077$50,602$49,181$47,813$46,496$40,695
4 years$38,669$37,198$35,791$34,447$33,161$27,623
5 years$30,626$29,163$27,775$26,458$25,209$19,947
6 years$25,265$23,814$22,447$21,159$19,947$14,965
7 years$21,438$19,999$18,653$17,396$16,222$11,518
8 years$18,569$17,143$15,819$14,593$13,458$9,028
9 years$16,339$14,926$13,625$12,430$11,333$7,170
10 years$14,555$13,156$11,879$10,715$9,657$5,752
11 years$13,097$11,712$10,458$9,325$8,305$4,651
12 years$11,883$10,512$9,281$8,179$7,197$3,783
13 years$10,857$9,500$8,292$7,221$6,276$3,091
14 years$9,977$8,635$7,451$6,410$5,501$2,536
15 years$9,216$7,889$6,727$5,717$4,844$2,087
16 years$8,551$7,238$6,099$5,119$4,281$1,722
17 years$7,964$6,666$5,550$4,599$3,796$1,423
18 years$7,443$6,159$5,066$4,145$3,375$1,179
19 years$6,978$5,708$4,638$3,745$3,008$977
20 years$6,559$5,305$4,256$3,392$2,687$811
21 years$6,181$4,941$3,915$3,078$2,405$674
22 years$5,838$4,612$3,608$2,799$2,155$561
23 years$5,525$4,314$3,332$2,549$1,935$467
24 years$5,239$4,042$3,081$2,325$1,739$388
25 years$4,976$3,793$2,854$2,123$1,565$323
26 years$4,733$3,565$2,647$1,941$1,410$270
27 years$4,509$3,355$2,458$1,777$1,271$225
28 years$4,302$3,161$2,285$1,628$1,147$187
29 years$4,108$2,982$2,126$1,493$1,035$156
30 years$3,929$2,816$1,980$1,370$936$130
31 years$3,761$2,662$1,846$1,258$846$109
32 years$3,604$2,519$1,723$1,157$765$91
33 years$3,456$2,386$1,608$1,064$692$76
34 years$3,318$2,261$1,503$979$627$63
35 years$3,188$2,145$1,405$901$568$53
36 years$3,065$2,036$1,314$830$515$44
37 years$2,950$1,933$1,230$764$466$37
38 years$2,840$1,837$1,152$705$423$31
39 years$2,737$1,747$1,079$650$383$26
40 years$2,639$1,662$1,012$599$348$21
41 years$2,546$1,582$949$553$315$18
42 years$2,457$1,507$890$510$286$15
43 years$2,373$1,436$835$471$260$12
44 years$2,293$1,369$784$435$236$10
45 years$2,217$1,305$736$402$214$9
46 years$2,144$1,245$691$371$194$7
47 years$2,075$1,188$649$343$176$6
48 years$2,008$1,134$610$317$160$5
49 years$1,945$1,083$574$293$146$4
50 years$1,884$1,035$539$271$132$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,930,000, adding $3,418 every year, while hoping to spend $23,031 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: 38/41/21 Blend
48$1,930,000$1,930,000$1,930,000$1,930,000
49$2,130,386$2,028,096$1,998,181$2,197,827
50$2,323,180$2,102,968$2,040,615$2,321,820
51$2,534,868$2,180,736$2,083,699$2,453,315
52$2,767,351$2,261,519$2,127,430$2,594,958
53$3,022,727$2,345,440$2,171,804$2,747,677
54$3,303,304$2,432,625$2,216,819$2,912,494
55$3,611,626$2,523,208$2,262,467$3,090,531
56$3,950,495$2,617,329$2,308,743$3,283,019
57$4,322,999$2,715,131$2,355,639$3,491,312
58$4,732,539$2,816,767$2,403,148$3,716,898
59$5,182,864$2,922,394$2,451,258$3,961,412
60$5,678,101$3,032,176$2,499,960$4,226,651
61$6,222,799$3,146,285$2,549,241$4,514,591
62$6,821,971$3,264,900$2,599,087$4,827,405
63$7,481,139$3,388,207$2,649,483$5,167,482
64$8,206,386$3,516,400$2,700,413$5,537,451
65$9,004,417$3,649,683$2,751,856$5,940,202
66$9,882,619$3,788,269$2,803,794$6,378,915
67$10,849,129$3,932,377$2,856,204$6,857,088
68$11,912,915$4,082,238$2,909,062$7,378,572
69$13,083,858$4,238,094$2,962,341$7,947,600
70$14,372,846$4,400,195$3,016,014$8,568,835
71$15,791,875$4,568,804$3,070,050$9,247,407
72$17,354,165$4,744,194$3,124,415$9,988,962
73$19,074,282$4,926,651$3,179,075$10,799,715
74$20,968,275$5,116,473$3,233,990$11,686,506
75$23,053,830$5,313,971$3,289,120$12,656,868
76$25,350,436$5,519,471$3,344,421$13,719,090
77$27,879,567$5,733,312$3,399,845$14,882,303
78$30,664,886$5,955,847$3,455,343$16,156,556
79$33,732,468$6,187,447$3,510,861$17,552,916
80$37,111,046$6,428,498$3,566,341$19,083,569
81$40,832,282$6,679,404$3,621,722$20,761,934
82$44,931,065$6,940,584$3,676,940$22,602,789
83$49,445,841$7,212,481$3,731,925$24,622,407
84$54,418,976$7,495,552$3,786,604$26,838,712
85$59,897,155$7,790,278$3,840,899$29,271,443
86$65,931,824$8,097,160$3,894,728$31,942,341
87$72,579,670$8,416,721$3,948,002$34,875,351
88$79,903,166$8,749,509$4,000,629$38,096,849
89$87,971,149$9,096,096$4,052,510$41,635,887
90$96,859,480$9,457,078$4,103,543$45,524,465
91$106,651,751$9,833,079$4,153,616$49,797,834
92$117,440,081$10,224,751$4,202,613$54,494,825
93$129,325,981$10,632,776$4,250,413$59,658,213
94$142,421,314$11,057,865$4,296,884$65,335,120
95$156,849,349$11,500,761$4,341,891$71,577,457
96$172,745,927$11,962,243$4,385,289$78,442,411
97$190,260,741$12,443,123$4,426,926$85,992,984
98$209,558,751$12,944,250$4,466,642$94,298,587
99$230,821,737$13,466,511$4,504,268$103,435,686
100$254,250,019$14,010,836$4,539,626$113,488,528