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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$159,378$157,958$156,573$155,221$153,901$149,393
2 years$78,900$77,430$76,006$74,625$73,286$68,782
3 years$52,077$50,602$49,181$47,813$46,496$42,135
4 years$38,669$37,198$35,791$34,447$33,161$28,978
5 years$30,626$29,163$27,775$26,458$25,209$21,214
6 years$25,265$23,814$22,447$21,159$19,947$16,145
7 years$21,438$19,999$18,653$17,396$16,222$12,612
8 years$18,569$17,143$15,819$14,593$13,458$10,038
9 years$16,339$14,926$13,625$12,430$11,333$8,101
10 years$14,555$13,156$11,879$10,715$9,657$6,606
11 years$13,097$11,712$10,458$9,325$8,305$5,432
12 years$11,883$10,512$9,281$8,179$7,197$4,495
13 years$10,857$9,500$8,292$7,221$6,276$3,739
14 years$9,977$8,635$7,451$6,410$5,501$3,124
15 years$9,216$7,889$6,727$5,717$4,844$2,619
16 years$8,551$7,238$6,099$5,119$4,281$2,201
17 years$7,964$6,666$5,550$4,599$3,796$1,855
18 years$7,443$6,159$5,066$4,145$3,375$1,566
19 years$6,978$5,708$4,638$3,745$3,008$1,325
20 years$6,559$5,305$4,256$3,392$2,687$1,122
21 years$6,181$4,941$3,915$3,078$2,405$951
22 years$5,838$4,612$3,608$2,799$2,155$807
23 years$5,525$4,314$3,332$2,549$1,935$685
24 years$5,239$4,042$3,081$2,325$1,739$583
25 years$4,976$3,793$2,854$2,123$1,565$495
26 years$4,733$3,565$2,647$1,941$1,410$422
27 years$4,509$3,355$2,458$1,777$1,271$359
28 years$4,302$3,161$2,285$1,628$1,147$306
29 years$4,108$2,982$2,126$1,493$1,035$260
30 years$3,929$2,816$1,980$1,370$936$222
31 years$3,761$2,662$1,846$1,258$846$189
32 years$3,604$2,519$1,723$1,157$765$161
33 years$3,456$2,386$1,608$1,064$692$137
34 years$3,318$2,261$1,503$979$627$117
35 years$3,188$2,145$1,405$901$568$100
36 years$3,065$2,036$1,314$830$515$85
37 years$2,950$1,933$1,230$764$466$73
38 years$2,840$1,837$1,152$705$423$62
39 years$2,737$1,747$1,079$650$383$53
40 years$2,639$1,662$1,012$599$348$45
41 years$2,546$1,582$949$553$315$38
42 years$2,457$1,507$890$510$286$33
43 years$2,373$1,436$835$471$260$28
44 years$2,293$1,369$784$435$236$24
45 years$2,217$1,305$736$402$214$20
46 years$2,144$1,245$691$371$194$17
47 years$2,075$1,188$649$343$176$15
48 years$2,008$1,134$610$317$160$13
49 years$1,945$1,083$574$293$146$11
50 years$1,884$1,035$539$271$132$9

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 $6,652 every year, while hoping to spend $36,971 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: 25/49/26 Blend
48$1,930,000$1,930,000$1,930,000$1,930,000
49$2,133,722$2,031,432$2,001,517$2,169,444
50$2,312,024$2,091,635$2,029,230$2,259,649
51$2,507,275$2,153,549$2,056,634$2,352,700
52$2,721,163$2,217,219$2,083,677$2,451,694
53$2,955,549$2,282,690$2,110,308$2,557,153
54$3,212,482$2,350,009$2,136,470$2,669,651
55$3,494,220$2,419,225$2,162,107$2,789,817
56$3,803,249$2,490,384$2,187,155$2,918,347
57$4,142,305$2,563,538$2,211,550$3,056,001
58$4,514,406$2,638,738$2,235,223$3,203,618
59$4,922,873$2,716,033$2,258,101$3,362,122
60$5,371,366$2,795,479$2,280,107$3,532,526
61$5,863,915$2,877,127$2,301,160$3,715,947
62$6,404,961$2,961,033$2,321,176$3,913,614
63$6,999,397$3,047,253$2,340,065$4,126,879
64$7,652,610$3,135,843$2,357,732$4,357,230
65$8,370,538$3,226,862$2,374,078$4,606,308
66$9,159,722$3,320,367$2,388,998$4,875,914
67$10,027,367$3,416,418$2,402,383$5,168,037
68$10,981,413$3,515,077$2,414,117$5,484,864
69$12,030,606$3,616,405$2,424,079$5,828,803
70$13,184,583$3,720,463$2,432,140$6,202,507
71$14,453,961$3,827,317$2,438,168$6,608,898
72$15,850,439$3,937,030$2,442,021$7,051,195
73$17,386,907$4,049,667$2,443,552$7,532,943
74$19,077,566$4,165,295$2,442,605$8,058,046
75$20,938,063$4,283,980$2,439,018$8,630,806
76$22,985,641$4,405,791$2,432,620$9,255,963
77$25,239,296$4,530,794$2,423,233$9,938,737
78$27,719,961$4,659,060$2,410,668$10,684,881
79$30,450,702$4,790,658$2,394,730$11,500,732
80$33,456,931$4,925,659$2,375,212$12,393,273
81$36,766,655$5,064,133$2,351,898$13,370,197
82$40,410,729$5,206,151$2,324,562$14,439,981
83$44,423,156$5,351,785$2,292,967$15,611,967
84$48,841,403$5,501,107$2,256,866$16,896,447
85$53,706,754$5,654,189$2,215,999$18,304,762
86$59,064,701$5,811,103$2,170,094$19,849,411
87$64,965,375$5,971,921$2,118,866$21,544,164
88$71,464,014$6,136,716$2,062,019$23,404,197
89$78,621,488$6,305,559$1,999,241$25,446,233
90$86,504,870$6,478,522$1,930,206$27,688,701
91$95,188,073$6,655,676$1,854,574$30,151,909
92$104,752,544$6,837,091$1,771,989$32,858,236
93$115,288,032$7,022,838$1,682,079$35,832,344
94$126,893,437$7,212,983$1,584,456$39,101,411
95$139,677,744$7,407,596$1,478,711$42,695,388
96$153,761,048$7,606,741$1,364,421$46,647,281
97$169,275,687$7,810,484$1,241,142$50,993,465
98$186,367,497$8,018,888$1,108,411$55,774,023
99$205,197,181$8,232,013$965,741$61,033,133
100$225,941,829$8,449,916$812,629$66,819,475