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%16.7%
1 years$163,507$162,050$160,629$159,242$157,888$153,573
2 years$80,944$79,436$77,975$76,559$75,185$70,869
3 years$53,427$51,913$50,455$49,052$47,700$43,519
4 years$39,671$38,161$36,718$35,339$34,020$30,005
5 years$31,419$29,919$28,495$27,144$25,862$22,024
6 years$25,920$24,431$23,028$21,707$20,463$16,807
7 years$21,994$20,517$19,137$17,847$16,642$13,167
8 years$19,050$17,587$16,229$14,971$13,806$10,511
9 years$16,762$15,313$13,978$12,752$11,627$8,508
10 years$14,932$13,497$12,187$10,992$9,907$6,960
11 years$13,437$12,016$10,729$9,567$8,520$5,741
12 years$12,191$10,785$9,522$8,391$7,383$4,767
13 years$11,138$9,746$8,507$7,408$6,438$3,979
14 years$10,236$8,859$7,644$6,576$5,644$3,335
15 years$9,455$8,093$6,901$5,865$4,969$2,806
16 years$8,772$7,425$6,257$5,251$4,392$2,367
17 years$8,170$6,838$5,693$4,718$3,894$2,002
18 years$7,636$6,319$5,197$4,252$3,463$1,697
19 years$7,159$5,856$4,758$3,842$3,086$1,440
20 years$6,729$5,442$4,367$3,480$2,757$1,224
21 years$6,342$5,069$4,016$3,158$2,467$1,042
22 years$5,989$4,732$3,702$2,871$2,211$888
23 years$5,668$4,425$3,418$2,615$1,985$757
24 years$5,375$4,146$3,161$2,385$1,784$646
25 years$5,105$3,891$2,928$2,178$1,605$551
26 years$4,856$3,657$2,715$1,992$1,446$471
27 years$4,626$3,442$2,521$1,823$1,304$403
28 years$4,413$3,243$2,344$1,670$1,176$344
29 years$4,215$3,059$2,181$1,532$1,062$294
30 years$4,030$2,889$2,032$1,406$960$252
31 years$3,858$2,731$1,894$1,291$868$216
32 years$3,697$2,584$1,767$1,186$785$184
33 years$3,546$2,448$1,650$1,091$710$158
34 years$3,404$2,320$1,542$1,004$643$135
35 years$3,270$2,200$1,441$924$583$116
36 years$3,145$2,088$1,348$851$528$99
37 years$3,026$1,983$1,262$784$478$85
38 years$2,914$1,885$1,182$723$434$73
39 years$2,808$1,792$1,107$666$393$62
40 years$2,707$1,705$1,038$615$357$53
41 years$2,612$1,623$973$567$324$46
42 years$2,521$1,546$913$523$294$39
43 years$2,435$1,473$857$483$267$34
44 years$2,353$1,404$804$446$242$29
45 years$2,274$1,339$755$412$220$25
46 years$2,200$1,277$709$381$199$21
47 years$2,129$1,219$666$352$181$18
48 years$2,060$1,164$626$325$164$15
49 years$1,995$1,111$588$300$149$13
50 years$1,933$1,061$553$278$136$11

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 $2,911 every year, while hoping to spend $42,858 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: 52/31/17 Blend
48$1,980,000$1,980,000$1,980,000$1,980,000
49$2,184,963$2,080,023$2,049,333$2,288,309
50$2,362,228$2,136,343$2,072,385$2,415,847
51$2,556,139$2,193,987$2,094,773$2,549,751
52$2,768,346$2,252,974$2,116,429$2,694,450
53$3,000,670$2,313,322$2,137,282$2,850,983
54$3,255,115$2,375,052$2,157,258$3,020,490
55$3,533,887$2,438,180$2,176,276$3,204,228
56$3,839,417$2,502,724$2,194,254$3,403,580
57$4,174,380$2,568,700$2,211,105$3,620,071
58$4,541,725$2,636,124$2,226,735$3,855,378
59$4,944,698$2,705,011$2,241,048$4,111,350
60$5,386,876$2,775,375$2,253,941$4,390,023
61$5,872,197$2,847,228$2,265,308$4,693,639
62$6,405,000$2,920,582$2,275,035$5,024,668
63$6,990,065$2,995,445$2,283,003$5,385,833
64$7,632,657$3,071,827$2,289,089$5,780,131
65$8,338,576$3,149,735$2,293,162$6,210,865
66$9,114,211$3,229,172$2,295,083$6,681,674
67$9,966,602$3,310,143$2,294,710$7,196,568
68$10,903,503$3,392,648$2,291,890$7,759,964
69$11,933,458$3,476,685$2,286,466$8,376,729
70$13,065,879$3,562,251$2,278,271$9,052,228
71$14,311,135$3,649,338$2,267,130$9,792,370
72$15,680,653$3,737,937$2,252,861$10,603,667
73$17,187,020$3,828,036$2,235,272$11,493,294
74$18,844,105$3,919,619$2,214,162$12,469,160
75$20,667,188$4,012,665$2,189,321$13,539,977
76$22,673,107$4,107,152$2,160,529$14,715,347
77$24,880,413$4,203,051$2,127,556$16,005,851
78$27,309,545$4,300,331$2,090,159$17,423,150
79$29,983,026$4,398,954$2,048,087$18,980,094
80$32,925,671$4,498,879$2,001,074$20,690,843
81$36,164,823$4,600,058$1,948,844$22,571,002
82$39,730,612$4,702,438$1,891,107$24,637,768
83$43,656,237$4,805,959$1,827,561$26,910,094
84$47,978,278$4,910,556$1,757,889$29,408,865
85$52,737,043$5,016,154$1,681,760$32,157,097
86$57,976,950$5,122,674$1,598,827$35,180,156
87$63,746,940$5,230,027$1,508,729$38,505,995
88$70,100,944$5,338,114$1,411,088$42,165,422
89$77,098,389$5,446,830$1,305,507$46,192,386
90$84,804,758$5,556,058$1,191,575$50,624,302
91$93,292,210$5,665,672$1,068,860$55,502,404
92$102,640,260$5,775,534$936,911$60,872,132
93$112,936,526$5,885,494$795,257$66,783,565
94$124,277,560$5,995,393$643,407$73,291,893
95$136,769,758$6,105,053$480,847$80,457,937
96$150,530,360$6,214,288$307,043$88,348,727
97$165,688,562$6,322,892$121,433$97,038,131
98$182,386,729$6,430,648$0$106,607,559
99$200,781,744$6,537,319$0$117,160,629
100$221,046,485$6,642,650$0$128,806,721