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%12.8%
1 years$161,855$160,413$159,007$157,634$156,293$154,468
2 years$80,126$78,634$77,188$75,785$74,425$72,588
3 years$52,887$51,388$49,946$48,556$47,218$45,427
4 years$39,270$37,776$36,348$34,982$33,677$31,944
5 years$31,102$29,617$28,207$26,870$25,600$23,932
6 years$25,658$24,184$22,796$21,488$20,257$18,654
7 years$21,771$20,310$18,943$17,666$16,474$14,938
8 years$18,858$17,409$16,065$14,820$13,667$12,197
9 years$16,593$15,158$13,837$12,623$11,510$10,106
10 years$14,782$13,361$12,064$10,881$9,807$8,468
11 years$13,301$11,894$10,621$9,470$8,434$7,159
12 years$12,068$10,676$9,425$8,307$7,309$6,096
13 years$11,025$9,648$8,421$7,333$6,373$5,222
14 years$10,132$8,770$7,566$6,510$5,587$4,494
15 years$9,359$8,011$6,831$5,806$4,919$3,884
16 years$8,684$7,350$6,194$5,198$4,348$3,368
17 years$8,088$6,769$5,636$4,671$3,855$2,930
18 years$7,559$6,255$5,145$4,209$3,428$2,554
19 years$7,086$5,797$4,710$3,803$3,055$2,232
20 years$6,661$5,387$4,323$3,445$2,729$1,953
21 years$6,278$5,018$3,976$3,126$2,442$1,713
22 years$5,929$4,684$3,664$2,842$2,189$1,503
23 years$5,611$4,381$3,383$2,589$1,965$1,321
24 years$5,320$4,104$3,129$2,361$1,766$1,163
25 years$5,053$3,852$2,898$2,156$1,589$1,024
26 years$4,807$3,620$2,688$1,972$1,431$902
27 years$4,579$3,407$2,496$1,805$1,291$796
28 years$4,368$3,210$2,320$1,653$1,165$702
29 years$4,172$3,029$2,159$1,516$1,052$620
30 years$3,990$2,860$2,011$1,392$950$548
31 years$3,819$2,704$1,875$1,278$859$484
32 years$3,660$2,558$1,749$1,174$777$428
33 years$3,510$2,423$1,633$1,080$703$379
34 years$3,370$2,296$1,526$994$637$335
35 years$3,237$2,178$1,427$915$577$296
36 years$3,113$2,067$1,335$843$522$262
37 years$2,995$1,963$1,249$776$474$232
38 years$2,884$1,866$1,170$715$429$205
39 years$2,779$1,774$1,096$660$389$182
40 years$2,680$1,688$1,027$608$353$161
41 years$2,585$1,607$963$561$320$143
42 years$2,495$1,530$904$518$291$126
43 years$2,410$1,458$848$478$264$112
44 years$2,329$1,390$796$442$239$99
45 years$2,251$1,325$747$408$217$88
46 years$2,178$1,264$702$377$197$78
47 years$2,107$1,207$660$348$179$69
48 years$2,040$1,152$620$322$163$61
49 years$1,975$1,100$583$297$148$54
50 years$1,914$1,051$548$275$134$48

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 $2,969 every year, while hoping to spend $42,860 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: 72/13/15 Blend
48$1,960,000$1,960,000$1,960,000$1,960,000
49$2,162,983$2,059,103$2,028,723$2,311,240
50$2,338,004$2,114,396$2,051,082$2,465,244
51$2,529,441$2,170,962$2,072,754$2,628,333
52$2,738,923$2,228,818$2,093,670$2,805,803
53$2,968,244$2,287,981$2,113,759$2,999,067
54$3,219,379$2,348,466$2,132,944$3,209,684
55$3,494,504$2,410,289$2,151,146$3,439,369
56$3,796,014$2,473,464$2,168,279$3,690,013
57$4,126,547$2,538,003$2,184,257$3,963,696
58$4,489,010$2,603,921$2,198,985$4,262,713
59$4,886,604$2,671,227$2,212,365$4,589,588
60$5,322,853$2,739,933$2,224,295$4,947,106
61$5,801,640$2,810,046$2,234,665$5,338,330
62$6,327,244$2,881,575$2,243,363$5,766,639
63$6,904,374$2,954,524$2,250,267$6,235,753
64$7,538,223$3,028,897$2,255,253$6,749,771
65$8,234,506$3,104,698$2,258,189$7,313,210
66$8,999,523$3,181,925$2,258,935$7,931,046
67$9,840,212$3,260,577$2,257,347$8,608,762
68$10,764,217$3,340,650$2,253,272$9,352,399
69$11,779,961$3,422,135$2,246,551$10,168,614
70$12,896,721$3,505,024$2,237,014$11,064,741
71$14,124,719$3,589,303$2,224,487$12,048,862
72$15,475,219$3,674,956$2,208,785$13,129,882
73$16,960,627$3,761,965$2,189,715$14,317,614
74$18,594,615$3,850,305$2,167,075$15,622,872
75$20,392,246$3,939,951$2,140,652$17,057,569
76$22,370,116$4,030,869$2,110,225$18,634,837
77$24,546,512$4,123,026$2,075,561$20,369,143
78$26,941,581$4,216,379$2,036,418$22,276,431
79$29,577,524$4,310,884$1,992,540$24,374,269
80$32,478,802$4,406,488$1,943,661$26,682,019
81$35,672,369$4,503,134$1,889,502$29,221,015
82$39,187,922$4,600,759$1,829,771$32,014,768
83$43,058,186$4,699,292$1,764,165$35,089,185
84$47,319,219$4,798,656$1,692,363$38,472,818
85$52,010,755$4,898,765$1,614,032$42,197,128
86$57,176,573$4,999,527$1,528,824$46,296,787
87$62,864,919$5,100,838$1,436,374$50,810,004
88$69,128,949$5,202,588$1,336,302$55,778,882
89$76,027,243$5,304,656$1,228,209$61,249,823
90$83,624,348$5,406,910$1,111,680$67,273,958
91$91,991,391$5,509,208$986,281$73,907,636
92$101,206,749$5,611,396$851,557$81,212,954
93$111,356,789$5,713,306$707,036$89,258,343
94$122,536,682$5,814,758$552,222$98,119,215
95$134,851,301$5,915,559$386,600$107,878,674
96$148,416,212$6,015,500$209,629$118,628,303
97$163,358,761$6,114,354$20,747$130,469,026
98$179,819,279$6,211,882$0$143,512,064
99$197,952,405$6,307,824$0$157,908,924
100$217,928,543$6,401,900$0$173,771,159