Can I retire at age 49 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$161,855$160,413$159,007$157,634$156,293$153,894
2 years$80,126$78,634$77,188$75,785$74,425$72,014
3 years$52,887$51,388$49,946$48,556$47,218$44,870
4 years$39,270$37,776$36,348$34,982$33,677$31,409
5 years$31,102$29,617$28,207$26,870$25,600$23,421
6 years$25,658$24,184$22,796$21,488$20,257$18,167
7 years$21,771$20,310$18,943$17,666$16,474$14,475
8 years$18,858$17,409$16,065$14,820$13,667$11,758
9 years$16,593$15,158$13,837$12,623$11,510$9,690
10 years$14,782$13,361$12,064$10,881$9,807$8,075
11 years$13,301$11,894$10,621$9,470$8,434$6,789
12 years$12,068$10,676$9,425$8,307$7,309$5,748
13 years$11,025$9,648$8,421$7,333$6,373$4,895
14 years$10,132$8,770$7,566$6,510$5,587$4,188
15 years$9,359$8,011$6,831$5,806$4,919$3,597
16 years$8,684$7,350$6,194$5,198$4,348$3,100
17 years$8,088$6,769$5,636$4,671$3,855$2,679
18 years$7,559$6,255$5,145$4,209$3,428$2,321
19 years$7,086$5,797$4,710$3,803$3,055$2,014
20 years$6,661$5,387$4,323$3,445$2,729$1,751
21 years$6,278$5,018$3,976$3,126$2,442$1,525
22 years$5,929$4,684$3,664$2,842$2,189$1,330
23 years$5,611$4,381$3,383$2,589$1,965$1,161
24 years$5,320$4,104$3,129$2,361$1,766$1,014
25 years$5,053$3,852$2,898$2,156$1,589$887
26 years$4,807$3,620$2,688$1,972$1,431$776
27 years$4,579$3,407$2,496$1,805$1,291$679
28 years$4,368$3,210$2,320$1,653$1,165$595
29 years$4,172$3,029$2,159$1,516$1,052$522
30 years$3,990$2,860$2,011$1,392$950$458
31 years$3,819$2,704$1,875$1,278$859$401
32 years$3,660$2,558$1,749$1,174$777$352
33 years$3,510$2,423$1,633$1,080$703$309
34 years$3,370$2,296$1,526$994$637$271
35 years$3,237$2,178$1,427$915$577$238
36 years$3,113$2,067$1,335$843$522$209
37 years$2,995$1,963$1,249$776$474$184
38 years$2,884$1,866$1,170$715$429$162
39 years$2,779$1,774$1,096$660$389$142
40 years$2,680$1,688$1,027$608$353$125
41 years$2,585$1,607$963$561$320$110
42 years$2,495$1,530$904$518$291$96
43 years$2,410$1,458$848$478$264$85
44 years$2,329$1,390$796$442$239$74
45 years$2,251$1,325$747$408$217$65
46 years$2,178$1,264$702$377$197$58
47 years$2,107$1,207$660$348$179$51
48 years$2,040$1,152$620$322$163$44
49 years$1,975$1,100$583$297$148$39
50 years$1,914$1,051$548$275$134$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,960,000, adding $6,461 every year, while hoping to spend $36,300 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: 38/42/20 Blend
48$1,960,000$1,960,000$1,960,000$1,960,000
49$2,166,585$2,062,705$2,032,325$2,235,707
50$2,348,953$2,125,154$2,061,784$2,348,670
51$2,548,707$2,189,447$2,091,015$2,466,767
52$2,767,581$2,255,636$2,119,969$2,593,651
53$3,007,485$2,323,773$2,148,599$2,730,137
54$3,270,524$2,393,913$2,176,853$2,877,118
55$3,559,016$2,466,114$2,204,676$3,035,579
56$3,875,513$2,540,431$2,232,011$3,206,602
57$4,222,828$2,616,924$2,258,795$3,391,378
58$4,604,057$2,695,654$2,284,966$3,591,218
59$5,022,613$2,776,683$2,310,453$3,807,563
60$5,482,252$2,860,074$2,335,187$4,042,000
61$5,987,116$2,945,891$2,359,090$4,296,277
62$6,541,765$3,034,203$2,382,082$4,572,316
63$7,151,222$3,125,076$2,404,079$4,872,233
64$7,821,024$3,218,582$2,424,993$5,198,359
65$8,557,267$3,314,791$2,444,729$5,553,259
66$9,366,670$3,413,778$2,463,189$5,939,760
67$10,256,634$3,515,616$2,480,269$6,360,971
68$11,235,312$3,620,383$2,495,860$6,820,320
69$12,311,690$3,728,158$2,509,847$7,321,578
70$13,495,665$3,839,020$2,522,110$7,868,903
71$14,798,143$3,953,052$2,532,521$8,466,870
72$16,231,140$4,070,339$2,540,947$9,120,522
73$17,807,896$4,190,965$2,547,248$9,835,412
74$19,542,999$4,315,020$2,551,278$10,617,656
75$21,452,521$4,442,591$2,552,882$11,473,994
76$23,554,172$4,573,773$2,551,898$12,411,848
77$25,867,467$4,708,657$2,548,156$13,439,397
78$28,413,907$4,847,339$2,541,477$14,565,650
79$31,217,184$4,989,918$2,531,676$15,800,534
80$34,303,406$5,136,493$2,518,556$17,154,983
81$37,701,337$5,287,165$2,501,911$18,641,047
82$41,442,675$5,442,038$2,481,527$20,272,000
83$45,562,347$5,601,217$2,457,178$22,062,469
84$50,098,841$5,764,810$2,428,627$24,028,569
85$55,094,564$5,932,928$2,395,627$26,188,057
86$60,596,249$6,105,680$2,357,920$28,560,498
87$66,655,390$6,283,182$2,315,234$31,167,450
88$73,328,730$6,465,549$2,267,285$34,032,667
89$80,678,798$6,652,898$2,213,776$37,182,324
90$88,774,494$6,845,349$2,154,397$40,645,264
91$97,691,745$7,043,024$2,088,822$44,453,267
92$107,514,217$7,246,045$2,016,711$48,641,354
93$118,334,105$7,454,539$1,937,708$53,248,114
94$130,253,004$7,668,633$1,851,443$58,316,071
95$143,382,870$7,888,455$1,757,525$63,892,085
96$157,847,069$8,114,136$1,655,549$70,027,789
97$173,781,550$8,345,808$1,545,089$76,780,085
98$191,336,122$8,583,606$1,425,703$84,211,675
99$210,675,868$8,827,665$1,296,927$92,391,653
100$231,982,708$9,078,122$1,158,275$101,396,159