Can I retire at age 49 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$162,681$161,232$159,818$158,438$157,091$154,234
2 years$80,535$79,035$77,582$76,172$74,805$71,938
3 years$53,157$51,650$50,200$48,804$47,459$44,670
4 years$39,470$37,968$36,533$35,161$33,848$31,159
5 years$31,260$29,768$28,351$27,007$25,731$23,149
6 years$25,789$24,308$22,912$21,598$20,360$17,888
7 years$21,883$20,413$19,040$17,757$16,558$14,197
8 years$18,954$17,498$16,147$14,896$13,737$11,486
9 years$16,677$15,235$13,908$12,688$11,568$9,427
10 years$14,857$13,429$12,125$10,937$9,857$7,822
11 years$13,369$11,955$10,675$9,518$8,477$6,547
12 years$12,129$10,730$9,474$8,349$7,346$5,518
13 years$11,082$9,697$8,464$7,371$6,406$4,677
14 years$10,184$8,814$7,605$6,543$5,615$3,983
15 years$9,407$8,052$6,866$5,835$4,944$3,405
16 years$8,728$7,388$6,225$5,225$4,370$2,920
17 years$8,129$6,804$5,665$4,694$3,875$2,511
18 years$7,598$6,287$5,171$4,231$3,445$2,164
19 years$7,122$5,827$4,734$3,823$3,071$1,869
20 years$6,695$5,414$4,345$3,462$2,743$1,616
21 years$6,310$5,043$3,996$3,142$2,454$1,400
22 years$5,959$4,708$3,683$2,857$2,200$1,214
23 years$5,640$4,403$3,401$2,602$1,975$1,054
24 years$5,347$4,125$3,145$2,373$1,775$916
25 years$5,079$3,871$2,913$2,167$1,597$797
26 years$4,831$3,639$2,702$1,982$1,439$693
27 years$4,603$3,424$2,509$1,814$1,297$604
28 years$4,391$3,227$2,332$1,662$1,170$526
29 years$4,194$3,044$2,170$1,524$1,057$458
30 years$4,010$2,875$2,022$1,399$955$399
31 years$3,839$2,718$1,885$1,285$863$348
32 years$3,678$2,571$1,758$1,180$781$304
33 years$3,528$2,435$1,642$1,086$707$265
34 years$3,387$2,308$1,534$999$640$232
35 years$3,254$2,189$1,434$919$580$202
36 years$3,129$2,078$1,342$847$525$176
37 years$3,011$1,973$1,256$780$476$154
38 years$2,899$1,875$1,176$719$432$135
39 years$2,793$1,783$1,102$663$391$118
40 years$2,693$1,697$1,033$612$355$103
41 years$2,598$1,615$968$564$322$90
42 years$2,508$1,538$908$521$292$78
43 years$2,422$1,466$852$481$265$68
44 years$2,341$1,397$800$444$241$60
45 years$2,263$1,332$751$410$219$52
46 years$2,189$1,271$706$379$198$46
47 years$2,118$1,213$663$350$180$40
48 years$2,050$1,158$623$323$164$35
49 years$1,985$1,106$586$299$149$30
50 years$1,923$1,056$550$276$135$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,970,000, adding $3,920 every year, while hoping to spend $23,366 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: 55/33/12 Blend
48$1,970,000$1,970,000$1,970,000$1,970,000
49$2,174,983$2,070,573$2,040,038$2,287,725
50$2,371,971$2,147,170$2,083,519$2,441,232
51$2,588,267$2,226,737$2,127,672$2,605,409
52$2,825,818$2,309,395$2,172,497$2,783,623
53$3,086,766$2,395,270$2,217,990$2,977,216
54$3,373,472$2,484,494$2,264,148$3,187,665
55$3,688,534$2,577,202$2,310,965$3,416,591
56$4,034,819$2,673,539$2,358,437$3,665,781
57$4,415,481$2,773,653$2,406,555$3,937,196
58$4,833,998$2,877,700$2,455,312$4,232,998
59$5,294,200$2,985,842$2,504,699$4,555,563
60$5,800,307$3,098,247$2,554,706$4,907,507
61$6,356,969$3,215,092$2,605,319$5,291,707
62$6,969,309$3,336,560$2,656,527$5,711,330
63$7,642,972$3,462,845$2,708,314$6,169,862
64$8,384,176$3,594,146$2,760,663$6,671,140
65$9,199,774$3,730,671$2,813,558$7,219,387
66$10,097,316$3,872,639$2,866,977$7,819,253
67$11,085,122$4,020,277$2,920,900$8,475,855
68$12,172,356$4,173,823$2,975,302$9,194,829
69$13,369,120$4,333,524$3,030,158$9,982,379
70$14,686,542$4,499,638$3,085,440$10,845,336
71$16,136,885$4,672,436$3,141,118$11,791,222
72$17,733,660$4,852,199$3,197,159$12,828,321
73$19,491,758$5,039,221$3,253,528$13,965,755
74$21,427,583$5,233,808$3,310,187$15,213,568
75$23,559,214$5,436,282$3,367,095$16,582,823
76$25,906,571$5,646,977$3,424,210$18,085,705
77$28,491,604$5,866,242$3,481,484$19,735,634
78$31,338,501$6,094,441$3,538,868$21,547,389
79$34,473,916$6,331,957$3,596,307$23,537,250
80$37,927,218$6,579,185$3,653,746$25,723,150
81$41,730,771$6,836,542$3,711,123$28,124,840
82$45,920,238$7,104,461$3,768,374$30,764,078
83$50,534,918$7,383,395$3,825,430$33,664,831
84$55,618,116$7,673,818$3,882,219$36,853,502
85$61,217,552$7,976,223$3,938,661$40,359,176
86$67,385,812$8,291,128$3,994,676$44,213,893
87$74,180,843$8,619,071$4,050,176$48,452,951
88$81,666,499$8,960,616$4,105,067$53,115,236
89$89,913,148$9,316,352$4,159,253$58,243,589
90$98,998,330$9,686,894$4,212,629$63,885,208
91$109,007,493$10,072,885$4,265,085$70,092,092
92$120,034,797$10,474,997$4,316,505$76,921,531
93$132,184,006$10,893,931$4,366,767$84,436,642
94$145,569,462$11,330,421$4,415,742$92,706,967
95$160,317,169$11,785,233$4,463,291$101,809,126
96$176,565,981$12,259,170$4,509,271$111,827,537
97$194,468,909$12,753,068$4,553,531$122,855,212
98$214,194,572$13,267,803$4,595,908$134,994,635
99$235,928,783$13,804,289$4,636,235$148,358,721
100$259,876,303$14,363,484$4,674,334$163,071,888