Can I retire at age 49 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$161,029$159,595$158,195$156,829$155,496$154,129
2 years$79,717$78,233$76,794$75,399$74,046$72,668
3 years$52,617$51,126$49,691$48,309$46,978$45,632
4 years$39,070$37,583$36,162$34,804$33,505$32,202
5 years$30,943$29,466$28,063$26,733$25,470$24,213
6 years$25,527$24,061$22,679$21,378$20,153$18,945
7 years$21,660$20,206$18,847$17,576$16,390$15,230
8 years$18,761$17,320$15,983$14,744$13,597$12,485
9 years$16,508$15,081$13,767$12,559$11,451$10,387
10 years$14,706$13,293$12,002$10,826$9,757$8,741
11 years$13,233$11,834$10,566$9,422$8,391$7,422
12 years$12,006$10,621$9,377$8,264$7,271$6,348
13 years$10,969$9,599$8,378$7,296$6,341$5,462
14 years$10,081$8,725$7,528$6,477$5,558$4,723
15 years$9,312$7,970$6,797$5,776$4,894$4,101
16 years$8,639$7,313$6,162$5,172$4,325$3,574
17 years$8,047$6,735$5,607$4,647$3,835$3,123
18 years$7,520$6,223$5,119$4,188$3,410$2,737
19 years$7,050$5,768$4,686$3,784$3,039$2,403
20 years$6,627$5,359$4,300$3,427$2,715$2,114
21 years$6,245$4,992$3,956$3,110$2,430$1,863
22 years$5,899$4,660$3,646$2,828$2,178$1,645
23 years$5,583$4,358$3,366$2,575$1,955$1,453
24 years$5,293$4,084$3,113$2,349$1,757$1,286
25 years$5,027$3,832$2,883$2,145$1,581$1,138
26 years$4,782$3,602$2,674$1,961$1,424$1,009
27 years$4,556$3,390$2,483$1,795$1,284$895
28 years$4,346$3,194$2,308$1,645$1,159$794
29 years$4,151$3,013$2,148$1,508$1,046$705
30 years$3,969$2,846$2,001$1,384$945$626
31 years$3,800$2,690$1,865$1,271$855$557
32 years$3,641$2,545$1,741$1,169$773$495
33 years$3,492$2,410$1,625$1,075$700$440
34 years$3,352$2,285$1,518$989$633$392
35 years$3,221$2,167$1,420$910$574$349
36 years$3,097$2,057$1,328$838$520$310
37 years$2,980$1,953$1,243$772$471$276
38 years$2,870$1,856$1,164$712$427$246
39 years$2,765$1,765$1,091$656$387$219
40 years$2,666$1,679$1,022$605$351$195
41 years$2,572$1,599$958$559$319$174
42 years$2,483$1,523$899$515$289$155
43 years$2,398$1,451$844$476$262$138
44 years$2,317$1,383$792$439$238$123
45 years$2,240$1,319$744$406$216$110
46 years$2,166$1,258$698$375$196$98
47 years$2,096$1,200$656$346$178$87
48 years$2,029$1,146$617$320$162$78
49 years$1,965$1,094$580$296$147$69
50 years$1,904$1,045$545$273$134$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,950,000, adding $3,350 every year, while hoping to spend $57,025 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: 42/35/23 Blend
48$1,950,000$1,950,000$1,950,000$1,950,000
49$2,152,356$2,049,006$2,018,781$2,228,129
50$2,311,222$2,088,733$2,025,736$2,322,239
51$2,484,381$2,128,495$2,031,012$2,418,366
52$2,673,231$2,168,235$2,034,494$2,521,325
53$2,879,310$2,207,888$2,036,060$2,631,775
54$3,104,312$2,247,386$2,035,580$2,750,445
55$3,350,100$2,286,656$2,032,920$2,878,138
56$3,618,727$2,325,619$2,027,939$3,015,741
57$3,912,451$2,364,189$2,020,490$3,164,235
58$4,233,761$2,402,274$2,010,416$3,324,699
59$4,585,395$2,439,776$1,997,555$3,498,326
60$4,970,369$2,476,588$1,981,737$3,686,434
61$5,392,004$2,512,599$1,962,782$3,890,476
62$5,853,957$2,547,685$1,940,505$4,112,055
63$6,360,257$2,581,718$1,914,708$4,352,942
64$6,915,340$2,614,558$1,885,187$4,615,090
65$7,524,090$2,646,057$1,851,726$4,900,654
66$8,191,889$2,676,056$1,814,101$5,212,015
67$8,924,665$2,704,386$1,772,076$5,551,797
68$9,728,945$2,730,865$1,725,406$5,922,898
69$10,611,922$2,755,303$1,673,831$6,328,514
70$11,581,518$2,777,492$1,617,084$6,772,172
71$12,646,458$2,797,215$1,554,882$7,257,765
72$13,816,357$2,814,238$1,486,930$7,789,587
73$15,101,803$2,828,314$1,412,921$8,372,375
74$16,514,466$2,839,179$1,332,532$9,011,356
75$18,067,196$2,846,554$1,245,427$9,712,296
76$19,774,155$2,850,140$1,151,253$10,481,557
77$21,650,943$2,849,621$1,049,645$11,326,156
78$23,714,748$2,844,661$940,216$12,253,833
79$25,984,506$2,834,904$822,568$13,273,128
80$28,481,081$2,819,970$696,280$14,393,459
81$31,227,462$2,799,458$560,915$15,625,214
82$34,248,974$2,772,943$416,016$16,979,851
83$37,573,524$2,739,972$261,108$18,470,007
84$41,231,860$2,700,067$95,691$20,109,620
85$45,257,860$2,652,720$0$21,914,060
86$49,688,853$2,597,395$0$23,920,118
87$54,565,969$2,533,521$0$26,152,999
88$59,934,531$2,460,496$0$28,609,949
89$65,844,475$2,377,683$0$31,313,847
90$72,350,828$2,284,405$0$34,289,911
91$79,514,219$2,179,948$0$37,565,940
92$87,401,461$2,063,557$0$41,172,579
93$96,086,170$1,934,431$0$45,143,606
94$105,649,467$1,791,726$0$49,516,255
95$116,180,739$1,634,547$0$54,331,569
96$127,778,484$1,461,949$0$59,634,788
97$140,551,239$1,272,935$0$65,475,781
98$154,618,605$1,066,448$0$71,909,513
99$170,112,373$841,375$0$78,996,573
100$187,177,770$596,537$0$86,803,744