Can I retire at age 49 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$163,507$162,050$160,629$159,242$157,888$154,071
2 years$80,944$79,436$77,975$76,559$75,185$71,362
3 years$53,427$51,913$50,455$49,052$47,700$43,992
4 years$39,671$38,161$36,718$35,339$34,020$30,454
5 years$31,419$29,919$28,495$27,144$25,862$22,448
6 years$25,920$24,431$23,028$21,707$20,463$17,205
7 years$21,994$20,517$19,137$17,847$16,642$13,540
8 years$19,050$17,587$16,229$14,971$13,806$10,859
9 years$16,762$15,313$13,978$12,752$11,627$8,832
10 years$14,932$13,497$12,187$10,992$9,907$7,262
11 years$13,437$12,016$10,729$9,567$8,520$6,021
12 years$12,191$10,785$9,522$8,391$7,383$5,025
13 years$11,138$9,746$8,507$7,408$6,438$4,217
14 years$10,236$8,859$7,644$6,576$5,644$3,555
15 years$9,455$8,093$6,901$5,865$4,969$3,007
16 years$8,772$7,425$6,257$5,251$4,392$2,552
17 years$8,170$6,838$5,693$4,718$3,894$2,171
18 years$7,636$6,319$5,197$4,252$3,463$1,850
19 years$7,159$5,856$4,758$3,842$3,086$1,580
20 years$6,729$5,442$4,367$3,480$2,757$1,351
21 years$6,342$5,069$4,016$3,158$2,467$1,157
22 years$5,989$4,732$3,702$2,871$2,211$992
23 years$5,668$4,425$3,418$2,615$1,985$851
24 years$5,375$4,146$3,161$2,385$1,784$731
25 years$5,105$3,891$2,928$2,178$1,605$628
26 years$4,856$3,657$2,715$1,992$1,446$540
27 years$4,626$3,442$2,521$1,823$1,304$465
28 years$4,413$3,243$2,344$1,670$1,176$400
29 years$4,215$3,059$2,181$1,532$1,062$344
30 years$4,030$2,889$2,032$1,406$960$296
31 years$3,858$2,731$1,894$1,291$868$255
32 years$3,697$2,584$1,767$1,186$785$220
33 years$3,546$2,448$1,650$1,091$710$190
34 years$3,404$2,320$1,542$1,004$643$163
35 years$3,270$2,200$1,441$924$583$141
36 years$3,145$2,088$1,348$851$528$121
37 years$3,026$1,983$1,262$784$478$105
38 years$2,914$1,885$1,182$723$434$90
39 years$2,808$1,792$1,107$666$393$78
40 years$2,707$1,705$1,038$615$357$67
41 years$2,612$1,623$973$567$324$58
42 years$2,521$1,546$913$523$294$50
43 years$2,435$1,473$857$483$267$43
44 years$2,353$1,404$804$446$242$37
45 years$2,274$1,339$755$412$220$32
46 years$2,200$1,277$709$381$199$28
47 years$2,129$1,219$666$352$181$24
48 years$2,060$1,164$626$325$164$21
49 years$1,995$1,111$588$300$149$18
50 years$1,933$1,061$553$278$136$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,980,000, adding $2,753 every year, while hoping to spend $21,060 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: 51/30/19 Blend
48$1,980,000$1,980,000$1,980,000$1,980,000
49$2,184,800$2,079,860$2,049,170$2,284,611
50$2,385,242$2,159,365$2,095,409$2,433,208
51$2,605,423$2,242,061$2,142,492$2,592,276
52$2,847,334$2,328,080$2,190,424$2,764,771
53$3,113,170$2,417,563$2,239,210$2,951,971
54$3,405,346$2,510,657$2,288,857$3,155,281
55$3,726,525$2,607,512$2,339,367$3,376,248
56$4,079,640$2,708,290$2,390,745$3,616,569
57$4,467,922$2,813,155$2,442,994$3,878,115
58$4,894,932$2,922,282$2,496,117$4,162,941
59$5,364,593$3,035,852$2,550,115$4,473,309
60$5,881,226$3,154,053$2,604,988$4,811,709
61$6,449,593$3,277,083$2,660,737$5,180,878
62$7,074,941$3,405,150$2,717,361$5,583,830
63$7,763,050$3,538,467$2,774,858$6,023,881
64$8,520,290$3,677,261$2,833,224$6,504,681
65$9,353,679$3,821,766$2,892,456$7,030,249
66$10,270,949$3,972,228$2,952,549$7,605,006
67$11,280,622$4,128,903$3,013,495$8,233,820
68$12,392,085$4,292,059$3,075,287$8,922,051
69$13,615,684$4,461,976$3,137,916$9,675,600
70$14,962,818$4,638,947$3,201,370$10,500,962
71$16,446,047$4,823,277$3,265,637$11,405,290
72$18,079,212$5,015,285$3,330,704$12,396,462
73$19,877,562$5,215,305$3,396,554$13,483,151
74$21,857,905$5,423,686$3,463,169$14,674,906
75$24,038,756$5,640,792$3,530,530$15,982,247
76$26,440,521$5,867,003$3,598,615$17,416,758
77$29,085,686$6,102,717$3,667,400$18,991,195
78$31,999,027$6,348,351$3,736,859$20,719,610
79$35,207,846$6,604,339$3,806,962$22,617,479
80$38,742,230$6,871,135$3,877,679$24,701,847
81$42,635,331$7,149,215$3,948,975$26,991,490
82$46,923,683$7,439,074$4,020,814$29,507,090
83$51,647,542$7,741,232$4,093,154$32,271,427
84$56,851,270$8,056,232$4,165,954$35,309,596
85$62,583,753$8,384,641$4,239,167$38,649,240
86$68,898,859$8,727,051$4,312,742$42,320,813
87$75,855,950$9,084,084$4,386,627$46,357,862
88$83,520,441$9,456,388$4,460,763$50,797,343
89$91,964,416$9,844,642$4,535,088$55,679,972
90$101,267,311$10,249,553$4,609,538$61,050,603
91$111,516,660$10,671,865$4,684,041$66,958,652
92$122,808,926$11,112,353$4,758,523$73,458,562
93$135,250,406$11,571,828$4,832,903$80,610,315
94$148,958,239$12,051,138$4,907,097$88,479,995
95$164,061,508$12,551,173$4,981,013$97,140,411
96$180,702,460$13,072,859$5,054,555$106,671,783
97$199,037,850$13,617,168$5,127,622$117,162,496
98$219,240,417$14,185,116$5,200,104$128,709,930
99$241,500,519$14,777,765$5,271,886$141,421,384
100$266,027,924$15,396,228$5,342,847$155,415,077