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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$161,855$160,413$159,007$157,634$156,293$150,628
2 years$80,126$78,634$77,188$75,785$74,425$68,780
3 years$52,887$51,388$49,946$48,556$47,218$41,770
4 years$39,270$37,776$36,348$34,982$33,677$28,467
5 years$31,102$29,617$28,207$26,870$25,600$20,644
6 years$25,658$24,184$22,796$21,488$20,257$15,556
7 years$21,771$20,310$18,943$17,666$16,474$12,028
8 years$18,858$17,409$16,065$14,820$13,667$9,472
9 years$16,593$15,158$13,837$12,623$11,510$7,560
10 years$14,782$13,361$12,064$10,881$9,807$6,096
11 years$13,301$11,894$10,621$9,470$8,434$4,954
12 years$12,068$10,676$9,425$8,307$7,309$4,051
13 years$11,025$9,648$8,421$7,333$6,373$3,329
14 years$10,132$8,770$7,566$6,510$5,587$2,747
15 years$9,359$8,011$6,831$5,806$4,919$2,273
16 years$8,684$7,350$6,194$5,198$4,348$1,886
17 years$8,088$6,769$5,636$4,671$3,855$1,569
18 years$7,559$6,255$5,145$4,209$3,428$1,307
19 years$7,086$5,797$4,710$3,803$3,055$1,090
20 years$6,661$5,387$4,323$3,445$2,729$911
21 years$6,278$5,018$3,976$3,126$2,442$761
22 years$5,929$4,684$3,664$2,842$2,189$637
23 years$5,611$4,381$3,383$2,589$1,965$533
24 years$5,320$4,104$3,129$2,361$1,766$447
25 years$5,053$3,852$2,898$2,156$1,589$375
26 years$4,807$3,620$2,688$1,972$1,431$314
27 years$4,579$3,407$2,496$1,805$1,291$264
28 years$4,368$3,210$2,320$1,653$1,165$221
29 years$4,172$3,029$2,159$1,516$1,052$186
30 years$3,990$2,860$2,011$1,392$950$156
31 years$3,819$2,704$1,875$1,278$859$131
32 years$3,660$2,558$1,749$1,174$777$110
33 years$3,510$2,423$1,633$1,080$703$92
34 years$3,370$2,296$1,526$994$637$77
35 years$3,237$2,178$1,427$915$577$65
36 years$3,113$2,067$1,335$843$522$55
37 years$2,995$1,963$1,249$776$474$46
38 years$2,884$1,866$1,170$715$429$39
39 years$2,779$1,774$1,096$660$389$32
40 years$2,680$1,688$1,027$608$353$27
41 years$2,585$1,607$963$561$320$23
42 years$2,495$1,530$904$518$291$19
43 years$2,410$1,458$848$478$264$16
44 years$2,329$1,390$796$442$239$14
45 years$2,251$1,325$747$408$217$11
46 years$2,178$1,264$702$377$197$10
47 years$2,107$1,207$660$348$179$8
48 years$2,040$1,152$620$322$163$7
49 years$1,975$1,100$583$297$148$6
50 years$1,914$1,051$548$275$134$5

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 $6,820 every year, while hoping to spend $32,707 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: 54/30/16 Blend
48$1,960,000$1,960,000$1,960,000$1,960,000
49$2,166,955$2,063,075$2,032,695$2,274,359
50$2,353,184$2,129,366$2,065,990$2,414,691
51$2,557,313$2,197,808$2,099,305$2,563,294
52$2,781,132$2,268,474$2,132,604$2,724,314
53$3,026,614$2,341,436$2,165,853$2,898,943
54$3,295,932$2,416,770$2,199,013$3,088,490
55$3,591,480$2,494,554$2,232,043$3,294,398
56$3,915,894$2,574,870$2,264,899$3,518,255
57$4,272,077$2,657,801$2,297,535$3,761,807
58$4,663,229$2,743,433$2,329,903$4,026,977
59$5,092,874$2,831,857$2,361,950$4,315,881
60$5,564,893$2,923,164$2,393,621$4,630,851
61$6,083,563$3,017,450$2,424,859$4,974,451
62$6,653,596$3,114,815$2,455,601$5,349,506
63$7,280,182$3,215,360$2,485,783$5,759,127
64$7,969,039$3,319,191$2,515,335$6,206,737
65$8,726,467$3,426,417$2,544,185$6,696,110
66$9,559,407$3,537,152$2,572,256$7,231,397
67$10,475,507$3,651,513$2,599,466$7,817,174
68$11,483,192$3,769,620$2,625,731$8,458,478
69$12,591,745$3,891,599$2,650,961$9,160,858
70$13,811,394$4,017,578$2,675,059$9,930,426
71$15,153,409$4,147,692$2,697,926$10,773,914
72$16,630,207$4,282,080$2,719,457$11,698,737
73$18,255,469$4,420,883$2,739,540$12,713,063
74$20,044,271$4,564,251$2,758,059$13,825,892
75$22,013,224$4,712,336$2,774,891$15,047,135
76$24,180,630$4,865,297$2,789,907$16,387,714
77$26,566,655$5,023,298$2,802,970$17,859,657
78$29,193,523$5,186,508$2,813,938$19,476,220
79$32,085,719$5,355,104$2,822,662$21,252,004
80$35,270,224$5,529,266$2,828,983$23,203,096
81$38,776,769$5,709,182$2,832,736$25,347,220
82$42,638,115$5,895,047$2,833,748$27,703,904
83$46,890,361$6,087,063$2,831,837$30,294,664
84$51,573,285$6,285,436$2,826,811$33,143,204
85$56,730,721$6,490,384$2,818,470$36,275,645
86$62,410,969$6,702,127$2,806,603$39,720,765
87$68,667,255$6,920,899$2,790,992$43,510,273
88$75,558,229$7,146,937$2,771,404$47,679,109
89$83,148,520$7,380,488$2,747,597$52,265,768
90$91,509,346$7,621,809$2,719,319$57,312,673
91$100,719,186$7,871,164$2,686,303$62,866,562
92$110,864,521$8,128,829$2,648,271$68,978,939
93$122,040,646$8,395,086$2,604,933$75,706,556
94$134,352,577$8,670,230$2,555,983$83,111,945
95$147,916,034$8,954,565$2,501,103$91,264,015
96$162,858,537$9,248,407$2,439,958$100,238,694
97$179,320,611$9,552,082$2,372,199$110,119,650
98$197,457,107$9,865,928$2,297,461$120,999,078
99$217,438,668$10,190,294$2,215,362$132,978,573
100$239,453,338$10,525,544$2,125,503$146,170,083