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%16%
1 years$162,681$161,232$159,818$158,438$157,091$153,231
2 years$80,535$79,035$77,582$76,172$74,805$70,940
3 years$53,157$51,650$50,200$48,804$47,459$43,710
4 years$39,470$37,968$36,533$35,161$33,848$30,244
5 years$31,260$29,768$28,351$27,007$25,731$22,281
6 years$25,789$24,308$22,912$21,598$20,360$17,068
7 years$21,883$20,413$19,040$17,757$16,558$13,425
8 years$18,954$17,498$16,147$14,896$13,737$10,761
9 years$16,677$15,235$13,908$12,688$11,568$8,747
10 years$14,857$13,429$12,125$10,937$9,857$7,187
11 years$13,369$11,955$10,675$9,518$8,477$5,955
12 years$12,129$10,730$9,474$8,349$7,346$4,967
13 years$11,082$9,697$8,464$7,371$6,406$4,165
14 years$10,184$8,814$7,605$6,543$5,615$3,509
15 years$9,407$8,052$6,866$5,835$4,944$2,966
16 years$8,728$7,388$6,225$5,225$4,370$2,515
17 years$8,129$6,804$5,665$4,694$3,875$2,138
18 years$7,598$6,287$5,171$4,231$3,445$1,821
19 years$7,122$5,827$4,734$3,823$3,071$1,554
20 years$6,695$5,414$4,345$3,462$2,743$1,328
21 years$6,310$5,043$3,996$3,142$2,454$1,136
22 years$5,959$4,708$3,683$2,857$2,200$973
23 years$5,640$4,403$3,401$2,602$1,975$835
24 years$5,347$4,125$3,145$2,373$1,775$716
25 years$5,079$3,871$2,913$2,167$1,597$615
26 years$4,831$3,639$2,702$1,982$1,439$528
27 years$4,603$3,424$2,509$1,814$1,297$454
28 years$4,391$3,227$2,332$1,662$1,170$390
29 years$4,194$3,044$2,170$1,524$1,057$336
30 years$4,010$2,875$2,022$1,399$955$289
31 years$3,839$2,718$1,885$1,285$863$249
32 years$3,678$2,571$1,758$1,180$781$214
33 years$3,528$2,435$1,642$1,086$707$184
34 years$3,387$2,308$1,534$999$640$159
35 years$3,254$2,189$1,434$919$580$137
36 years$3,129$2,078$1,342$847$525$118
37 years$3,011$1,973$1,256$780$476$101
38 years$2,899$1,875$1,176$719$432$87
39 years$2,793$1,783$1,102$663$391$75
40 years$2,693$1,697$1,033$612$355$65
41 years$2,598$1,615$968$564$322$56
42 years$2,508$1,538$908$521$292$48
43 years$2,422$1,466$852$481$265$42
44 years$2,341$1,397$800$444$241$36
45 years$2,263$1,332$751$410$219$31
46 years$2,189$1,271$706$379$198$27
47 years$2,118$1,213$663$350$180$23
48 years$2,050$1,158$623$323$164$20
49 years$1,985$1,106$586$299$149$17
50 years$1,923$1,056$550$276$135$15

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 $5,542 every year, while hoping to spend $46,726 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: 75/10/15 Blend
48$1,970,000$1,970,000$1,970,000$1,970,000
49$2,176,657$2,072,247$2,041,712$2,332,408
50$2,348,959$2,124,071$2,060,393$2,487,939
51$2,537,271$2,176,868$2,078,134$2,652,003
52$2,743,175$2,230,637$2,094,854$2,830,555
53$2,968,415$2,285,374$2,110,468$3,025,022
54$3,214,911$2,341,075$2,124,886$3,236,977
55$3,484,777$2,397,732$2,138,014$3,468,153
56$3,780,340$2,455,337$2,149,753$3,720,456
57$4,104,164$2,513,878$2,159,999$3,995,989
58$4,459,072$2,573,341$2,168,643$4,297,067
59$4,848,174$2,633,712$2,175,569$4,626,240
60$5,274,894$2,694,970$2,180,657$4,986,317
61$5,743,004$2,757,094$2,183,780$5,380,396
62$6,256,658$2,820,060$2,184,804$5,811,886
63$6,820,433$2,883,839$2,183,591$6,284,544
64$7,439,370$2,948,399$2,179,993$6,802,512
65$8,119,020$3,013,705$2,173,858$7,370,352
66$8,865,501$3,079,717$2,165,023$7,993,089
67$9,685,550$3,146,392$2,153,320$8,676,262
68$10,586,592$3,213,681$2,138,571$9,425,974
69$11,576,803$3,281,529$2,120,592$10,248,950
70$12,665,192$3,349,880$2,099,187$11,152,599
71$13,861,685$3,418,667$2,074,153$12,145,087
72$15,177,216$3,487,821$2,045,277$13,235,412
73$16,623,834$3,557,266$2,012,335$14,433,486
74$18,214,810$3,626,917$1,975,093$15,750,238
75$19,964,769$3,696,685$1,933,308$17,197,705
76$21,889,824$3,766,471$1,886,722$18,789,155
77$24,007,727$3,836,169$1,835,068$20,539,208
78$26,338,037$3,905,663$1,778,065$22,463,976
79$28,902,308$3,974,831$1,715,421$24,581,212
80$31,724,284$4,043,539$1,646,828$26,910,482
81$34,830,131$4,111,643$1,571,967$29,473,347
82$38,248,678$4,178,987$1,490,502$32,293,565
83$42,011,693$4,245,407$1,402,083$35,397,322
84$46,154,177$4,310,723$1,306,344$38,813,471
85$50,714,698$4,374,744$1,202,902$42,573,811
86$55,735,757$4,437,265$1,091,359$46,713,383
87$61,264,180$4,498,067$971,295$51,270,803
88$67,351,568$4,556,915$842,276$56,288,628
89$74,054,781$4,613,557$703,845$61,813,755
90$81,436,473$4,667,725$555,527$67,897,866
91$89,565,682$4,719,132$396,827$74,597,915
92$98,518,485$4,767,474$227,224$81,976,668
93$108,378,713$4,812,422$46,179$90,103,293
94$119,238,742$4,853,631$0$99,054,015
95$131,200,363$4,890,729$0$108,936,368
96$144,375,747$4,923,321$0$119,828,808
97$158,888,498$4,950,989$0$131,826,051
98$174,874,822$4,973,284$0$145,040,625
99$192,484,811$4,989,733$0$159,596,531
100$211,883,862$4,999,829$0$175,630,414