Can I retire at age 49 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$160,203$158,776$157,384$156,025$154,698$150,897
2 years$79,309$77,832$76,400$75,012$73,666$69,860
3 years$52,347$50,864$49,436$48,061$46,737$43,045
4 years$38,869$37,390$35,977$34,625$33,333$29,783
5 years$30,784$29,314$27,919$26,596$25,339$21,942
6 years$25,396$23,937$22,563$21,269$20,050$16,808
7 years$21,549$20,103$18,750$17,486$16,306$13,221
8 years$18,665$17,232$15,901$14,669$13,527$10,597
9 years$16,423$15,003$13,696$12,494$11,392$8,614
10 years$14,631$13,225$11,940$10,770$9,707$7,077
11 years$13,165$11,773$10,512$9,373$8,348$5,864
12 years$11,945$10,567$9,329$8,222$7,234$4,891
13 years$10,913$9,549$8,335$7,259$6,308$4,102
14 years$10,029$8,680$7,489$6,443$5,530$3,455
15 years$9,264$7,929$6,762$5,746$4,869$2,921
16 years$8,595$7,275$6,130$5,145$4,303$2,477
17 years$8,005$6,700$5,578$4,623$3,816$2,105
18 years$7,482$6,191$5,092$4,166$3,393$1,793
19 years$7,014$5,738$4,662$3,765$3,024$1,530
20 years$6,593$5,332$4,278$3,409$2,701$1,308
21 years$6,213$4,967$3,935$3,094$2,417$1,119
22 years$5,868$4,636$3,627$2,813$2,167$959
23 years$5,554$4,336$3,349$2,562$1,945$822
24 years$5,266$4,063$3,097$2,337$1,748$705
25 years$5,002$3,813$2,869$2,134$1,573$605
26 years$4,758$3,583$2,660$1,951$1,417$520
27 years$4,533$3,372$2,470$1,786$1,277$447
28 years$4,324$3,178$2,297$1,637$1,153$384
29 years$4,130$2,998$2,137$1,501$1,041$331
30 years$3,949$2,831$1,991$1,377$940$285
31 years$3,780$2,676$1,856$1,265$850$245
32 years$3,622$2,532$1,732$1,163$769$211
33 years$3,474$2,398$1,617$1,069$696$182
34 years$3,335$2,273$1,511$984$630$156
35 years$3,204$2,156$1,412$905$571$135
36 years$3,081$2,046$1,321$834$517$116
37 years$2,965$1,943$1,237$768$469$100
38 years$2,855$1,847$1,158$708$425$86
39 years$2,751$1,756$1,085$653$385$74
40 years$2,652$1,671$1,017$602$350$64
41 years$2,559$1,591$954$556$317$55
42 years$2,470$1,515$894$513$288$47
43 years$2,385$1,443$839$473$261$41
44 years$2,305$1,376$788$437$237$35
45 years$2,228$1,312$740$404$215$30
46 years$2,155$1,251$695$373$195$26
47 years$2,086$1,194$653$345$177$23
48 years$2,019$1,140$613$318$161$19
49 years$1,955$1,089$577$294$146$17
50 years$1,894$1,040$542$272$133$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,940,000, adding $4,222 every year, while hoping to spend $41,839 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: 42/29/29 Blend
48$1,940,000$1,940,000$1,940,000$1,940,000
49$2,142,235$2,039,415$2,009,345$2,213,863
50$2,316,227$2,094,830$2,032,142$2,321,346
51$2,506,563$2,151,558$2,054,300$2,433,433
52$2,714,867$2,209,619$2,075,754$2,554,034
53$2,942,927$2,269,034$2,096,434$2,683,962
54$3,192,709$2,329,820$2,116,269$2,824,110
55$3,466,382$2,391,998$2,135,180$2,975,466
56$3,766,332$2,455,585$2,153,088$3,139,115
57$4,095,188$2,520,598$2,169,906$3,316,254
58$4,455,845$2,587,055$2,185,546$3,508,201
59$4,851,491$2,654,971$2,199,912$3,716,409
60$5,285,640$2,724,362$2,212,906$3,942,478
61$5,762,160$2,795,240$2,224,423$4,188,171
62$6,285,312$2,867,619$2,234,353$4,455,434
63$6,859,792$2,941,510$2,242,582$4,746,406
64$7,490,770$3,016,923$2,248,987$5,063,449
65$8,183,943$3,093,866$2,253,443$5,409,164
66$8,945,586$3,172,347$2,255,814$5,786,418
67$9,782,614$3,252,371$2,255,962$6,198,370
68$10,702,644$3,333,939$2,253,740$6,648,503
69$11,714,065$3,417,054$2,248,992$7,140,654
70$12,826,124$3,501,714$2,241,557$7,679,054
71$14,049,005$3,587,914$2,231,266$8,268,365
72$15,393,930$3,675,649$2,217,940$8,913,726
73$16,873,264$3,764,909$2,201,394$9,620,800
74$18,500,628$3,855,680$2,181,431$10,395,831
75$20,291,031$3,947,948$2,157,848$11,245,699
76$22,261,010$4,041,691$2,130,431$12,177,988
77$24,428,787$4,136,888$2,098,954$13,201,057
78$26,814,437$4,233,509$2,063,183$14,324,120
79$29,440,082$4,331,523$2,022,871$15,557,331
80$32,330,096$4,430,893$1,977,763$16,911,885
81$35,511,335$4,531,577$1,927,588$18,400,118
82$39,013,394$4,633,526$1,872,064$20,035,628
83$42,868,879$4,736,688$1,810,897$21,833,404
84$47,113,721$4,841,003$1,743,779$23,809,964
85$51,787,513$4,946,404$1,670,387$25,983,518
86$56,933,879$5,052,817$1,590,385$28,374,134
87$62,600,891$5,160,162$1,503,420$31,003,930
88$68,841,521$5,268,349$1,409,124$33,897,288
89$75,714,139$5,377,281$1,307,112$37,081,078
90$83,283,063$5,486,850$1,196,982$40,584,917
91$91,619,170$5,596,939$1,078,315$44,441,448
92$100,800,557$5,707,422$950,671$48,686,649
93$110,913,288$5,818,159$813,592$53,360,173
94$122,052,196$5,929,002$666,601$58,505,724
95$134,321,784$6,039,787$509,196$64,171,472
96$147,837,209$6,150,339$340,856$70,410,506
97$162,725,366$6,260,467$161,037$77,281,338
98$179,126,092$6,369,969$0$84,848,458
99$197,193,477$6,478,621$0$93,192,491
100$217,097,327$6,586,189$0$102,436,019