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

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$163,507$162,050$160,629$159,242$157,888$151,984
2 years$80,944$79,436$77,975$76,559$75,185$69,304
3 years$53,427$51,913$50,455$49,052$47,700$42,028
4 years$39,671$38,161$36,718$35,339$34,020$28,600
5 years$31,419$29,919$28,495$27,144$25,862$20,707
6 years$25,920$24,431$23,028$21,707$20,463$15,578
7 years$21,994$20,517$19,137$17,847$16,642$12,025
8 years$19,050$17,587$16,229$14,971$13,806$9,452
9 years$16,762$15,313$13,978$12,752$11,627$7,531
10 years$14,932$13,497$12,187$10,992$9,907$6,061
11 years$13,437$12,016$10,729$9,567$8,520$4,916
12 years$12,191$10,785$9,522$8,391$7,383$4,012
13 years$11,138$9,746$8,507$7,408$6,438$3,290
14 years$10,236$8,859$7,644$6,576$5,644$2,709
15 years$9,455$8,093$6,901$5,865$4,969$2,237
16 years$8,772$7,425$6,257$5,251$4,392$1,852
17 years$8,170$6,838$5,693$4,718$3,894$1,537
18 years$7,636$6,319$5,197$4,252$3,463$1,277
19 years$7,159$5,856$4,758$3,842$3,086$1,063
20 years$6,729$5,442$4,367$3,480$2,757$886
21 years$6,342$5,069$4,016$3,158$2,467$739
22 years$5,989$4,732$3,702$2,871$2,211$617
23 years$5,668$4,425$3,418$2,615$1,985$515
24 years$5,375$4,146$3,161$2,385$1,784$431
25 years$5,105$3,891$2,928$2,178$1,605$360
26 years$4,856$3,657$2,715$1,992$1,446$301
27 years$4,626$3,442$2,521$1,823$1,304$252
28 years$4,413$3,243$2,344$1,670$1,176$211
29 years$4,215$3,059$2,181$1,532$1,062$177
30 years$4,030$2,889$2,032$1,406$960$148
31 years$3,858$2,731$1,894$1,291$868$124
32 years$3,697$2,584$1,767$1,186$785$104
33 years$3,546$2,448$1,650$1,091$710$87
34 years$3,404$2,320$1,542$1,004$643$73
35 years$3,270$2,200$1,441$924$583$61
36 years$3,145$2,088$1,348$851$528$51
37 years$3,026$1,983$1,262$784$478$43
38 years$2,914$1,885$1,182$723$434$36
39 years$2,808$1,792$1,107$666$393$30
40 years$2,707$1,705$1,038$615$357$25
41 years$2,612$1,623$973$567$324$21
42 years$2,521$1,546$913$523$294$18
43 years$2,435$1,473$857$483$267$15
44 years$2,353$1,404$804$446$242$12
45 years$2,274$1,339$755$412$220$10
46 years$2,200$1,277$709$381$199$9
47 years$2,129$1,219$666$352$181$7
48 years$2,060$1,164$626$325$164$6
49 years$1,995$1,111$588$300$149$5
50 years$1,933$1,061$553$278$136$4

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 $3,576 every year, while hoping to spend $58,994 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: 61/12/27 Blend
48$1,980,000$1,980,000$1,980,000$1,980,000
49$2,185,649$2,080,709$2,050,019$2,302,919
50$2,345,816$2,119,894$2,055,925$2,422,294
51$2,520,342$2,159,023$2,060,052$2,545,845
52$2,710,631$2,198,029$2,062,278$2,679,449
53$2,918,226$2,236,843$2,062,475$2,824,102
54$3,144,826$2,275,388$2,060,508$2,980,897
55$3,392,300$2,313,584$2,056,237$3,151,043
56$3,662,707$2,351,343$2,049,514$3,335,872
57$3,958,315$2,388,570$2,040,184$3,536,851
58$4,281,618$2,425,165$2,028,085$3,755,602
59$4,635,364$2,461,019$2,013,047$3,993,909
60$5,022,578$2,496,016$1,994,891$4,253,743
61$5,446,591$2,530,031$1,973,430$4,537,275
62$5,911,073$2,562,932$1,948,470$4,846,900
63$6,420,064$2,594,577$1,919,804$5,185,259
64$6,978,012$2,624,813$1,887,220$5,555,265
65$7,589,819$2,653,478$1,850,491$5,960,129
66$8,260,882$2,680,400$1,809,384$6,403,392
67$8,997,145$2,705,393$1,763,651$6,888,958
68$9,805,157$2,728,261$1,713,037$7,421,133
69$10,692,132$2,748,794$1,657,272$8,004,665
70$11,666,013$2,766,768$1,596,075$8,644,789
71$12,735,553$2,781,947$1,529,150$9,347,275
72$13,910,395$2,794,078$1,456,192$10,118,487
73$15,201,158$2,802,890$1,376,877$10,965,443
74$16,619,544$2,808,100$1,290,871$11,895,878
75$18,178,444$2,809,403$1,197,821$12,918,321
76$19,892,058$2,806,476$1,097,361$14,042,177
77$21,776,032$2,798,978$989,106$15,277,812
78$23,847,603$2,786,544$872,657$16,636,656
79$26,125,763$2,768,789$747,596$18,131,311
80$28,631,434$2,745,303$613,484$19,775,669
81$31,387,671$2,715,653$469,866$21,585,045
82$34,419,873$2,679,380$316,266$23,576,323
83$37,756,025$2,635,994$152,186$25,768,116
84$41,426,962$2,584,981$0$28,180,941
85$45,466,659$2,525,792$0$30,844,020
86$49,912,551$2,457,848$0$33,822,903
87$54,805,885$2,380,537$0$37,101,349
88$60,192,110$2,293,208$0$40,709,827
89$66,121,305$2,195,175$0$44,681,912
90$72,648,650$2,085,710$0$49,054,607
91$79,834,948$1,964,046$0$53,868,685
92$87,747,197$1,829,368$0$59,169,080
93$96,459,221$1,680,817$0$65,005,308
94$106,052,369$1,517,484$0$71,431,939
95$116,616,278$1,338,409$0$78,509,105
96$128,249,723$1,142,576$0$86,303,077
97$141,061,545$928,912$0$94,886,881
98$155,171,679$696,285$0$104,340,997
99$170,712,285$443,497$0$114,754,113
100$187,828,995$169,286$0$126,223,966