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%16.2%
1 years$163,507$162,050$160,629$159,242$157,888$153,884
2 years$80,944$79,436$77,975$76,559$75,185$71,177
3 years$53,427$51,913$50,455$49,052$47,700$43,814
4 years$39,671$38,161$36,718$35,339$34,020$30,285
5 years$31,419$29,919$28,495$27,144$25,862$22,288
6 years$25,920$24,431$23,028$21,707$20,463$17,055
7 years$21,994$20,517$19,137$17,847$16,642$13,399
8 years$19,050$17,587$16,229$14,971$13,806$10,727
9 years$16,762$15,313$13,978$12,752$11,627$8,709
10 years$14,932$13,497$12,187$10,992$9,907$7,147
11 years$13,437$12,016$10,729$9,567$8,520$5,914
12 years$12,191$10,785$9,522$8,391$7,383$4,927
13 years$11,138$9,746$8,507$7,408$6,438$4,126
14 years$10,236$8,859$7,644$6,576$5,644$3,471
15 years$9,455$8,093$6,901$5,865$4,969$2,930
16 years$8,772$7,425$6,257$5,251$4,392$2,481
17 years$8,170$6,838$5,693$4,718$3,894$2,106
18 years$7,636$6,319$5,197$4,252$3,463$1,791
19 years$7,159$5,856$4,758$3,842$3,086$1,526
20 years$6,729$5,442$4,367$3,480$2,757$1,302
21 years$6,342$5,069$4,016$3,158$2,467$1,113
22 years$5,989$4,732$3,702$2,871$2,211$952
23 years$5,668$4,425$3,418$2,615$1,985$815
24 years$5,375$4,146$3,161$2,385$1,784$698
25 years$5,105$3,891$2,928$2,178$1,605$598
26 years$4,856$3,657$2,715$1,992$1,446$513
27 years$4,626$3,442$2,521$1,823$1,304$440
28 years$4,413$3,243$2,344$1,670$1,176$378
29 years$4,215$3,059$2,181$1,532$1,062$325
30 years$4,030$2,889$2,032$1,406$960$279
31 years$3,858$2,731$1,894$1,291$868$240
32 years$3,697$2,584$1,767$1,186$785$206
33 years$3,546$2,448$1,650$1,091$710$177
34 years$3,404$2,320$1,542$1,004$643$152
35 years$3,270$2,200$1,441$924$583$131
36 years$3,145$2,088$1,348$851$528$113
37 years$3,026$1,983$1,262$784$478$97
38 years$2,914$1,885$1,182$723$434$83
39 years$2,808$1,792$1,107$666$393$72
40 years$2,707$1,705$1,038$615$357$62
41 years$2,612$1,623$973$567$324$53
42 years$2,521$1,546$913$523$294$46
43 years$2,435$1,473$857$483$267$39
44 years$2,353$1,404$804$446$242$34
45 years$2,274$1,339$755$412$220$29
46 years$2,200$1,277$709$381$199$25
47 years$2,129$1,219$666$352$181$21
48 years$2,060$1,164$626$325$164$18
49 years$1,995$1,111$588$300$149$16
50 years$1,933$1,061$553$278$136$14

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 $2,831 every year, while hoping to spend $33,143 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: 39/50/11 Blend
48$1,980,000$1,980,000$1,980,000$1,980,000
49$2,184,880$2,079,940$2,049,250$2,262,717
50$2,372,474$2,146,593$2,082,636$2,384,691
51$2,578,092$2,215,402$2,116,030$2,513,024
52$2,803,537$2,286,436$2,149,396$2,651,044
53$3,050,795$2,359,769$2,182,699$2,799,640
54$3,322,054$2,435,476$2,215,897$2,959,787
55$3,619,725$2,513,635$2,248,951$3,132,558
56$3,946,461$2,594,327$2,281,815$3,319,129
57$4,305,185$2,677,635$2,314,441$3,520,797
58$4,699,120$2,763,645$2,346,781$3,738,985
59$5,131,812$2,852,445$2,378,780$3,975,258
60$5,607,171$2,944,129$2,410,383$4,231,338
61$6,129,501$3,038,790$2,441,529$4,509,119
62$6,703,546$3,136,527$2,472,157$4,810,683
63$7,334,533$3,237,442$2,502,199$5,138,323
64$8,028,218$3,341,639$2,531,585$5,494,560
65$8,790,943$3,449,226$2,560,240$5,882,168
66$9,629,698$3,560,317$2,588,087$6,304,201
67$10,552,182$3,675,027$2,615,042$6,764,020
68$11,566,876$3,793,476$2,641,019$7,265,323
69$12,683,129$3,915,787$2,665,924$7,812,181
70$13,911,237$4,042,089$2,689,661$8,409,077
71$15,262,546$4,172,514$2,712,127$9,060,946
72$16,749,558$4,307,200$2,733,216$9,773,219
73$18,386,047$4,446,288$2,752,813$10,551,878
74$20,187,192$4,589,923$2,770,801$11,403,510
75$22,169,715$4,738,259$2,787,052$12,335,367
76$24,352,044$4,891,452$2,801,436$13,355,437
77$26,754,482$5,049,662$2,813,814$14,472,515
78$29,399,403$5,213,059$2,824,040$15,696,287
79$32,311,458$5,381,815$2,831,961$17,037,423
80$35,517,812$5,556,110$2,837,418$18,507,674
81$39,048,398$5,736,128$2,840,240$20,119,981
82$42,936,198$5,922,062$2,840,252$21,888,601
83$47,217,558$6,114,111$2,837,267$23,829,237
84$51,932,524$6,312,478$2,831,092$25,959,187
85$57,125,229$6,517,377$2,821,521$28,297,506
86$62,844,301$6,729,026$2,808,340$30,865,184
87$69,143,325$6,947,654$2,791,325$33,685,345
88$76,081,351$7,173,495$2,770,241$36,783,464
89$83,723,445$7,406,793$2,744,840$40,187,606
90$92,141,309$7,647,799$2,714,865$43,928,689
91$101,413,955$7,896,774$2,680,046$48,040,776
92$111,628,450$8,153,986$2,640,098$52,561,397
93$122,880,736$8,419,716$2,594,725$57,531,900
94$135,276,540$8,694,251$2,543,618$62,997,838
95$148,932,368$8,977,890$2,486,450$69,009,405
96$163,976,605$9,270,943$2,422,882$75,621,902
97$180,550,729$9,573,729$2,352,559$82,896,260
98$198,810,642$9,886,580$2,275,107$90,899,615
99$218,928,143$10,209,838$2,190,139$99,705,938
100$241,092,552$10,543,859$2,097,247$109,396,736