Can I retire at age 49 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$164,332$162,869$161,440$160,046$158,685$155,800
2 years$81,353$79,838$78,369$76,945$75,564$72,668
3 years$53,696$52,175$50,710$49,300$47,941$45,124
4 years$39,871$38,354$36,904$35,518$34,192$31,475
5 years$31,578$30,070$28,639$27,281$25,992$23,384
6 years$26,051$24,554$23,145$21,817$20,567$18,070
7 years$22,105$20,621$19,233$17,937$16,726$14,341
8 years$19,146$17,676$16,311$15,047$13,876$11,603
9 years$16,847$15,390$14,049$12,816$11,686$9,522
10 years$15,008$13,565$12,248$11,048$9,957$7,901
11 years$13,504$12,077$10,783$9,615$8,563$6,614
12 years$12,253$10,839$9,570$8,434$7,421$5,574
13 years$11,194$9,796$8,550$7,446$6,471$4,725
14 years$10,288$8,904$7,682$6,609$5,672$4,024
15 years$9,503$8,134$6,936$5,894$4,994$3,439
16 years$8,816$7,463$6,288$5,278$4,414$2,950
17 years$8,212$6,873$5,722$4,742$3,914$2,536
18 years$7,675$6,351$5,224$4,274$3,480$2,186
19 years$7,195$5,886$4,782$3,862$3,102$1,888
20 years$6,763$5,469$4,389$3,497$2,771$1,633
21 years$6,374$5,095$4,037$3,174$2,479$1,414
22 years$6,020$4,756$3,720$2,886$2,222$1,227
23 years$5,697$4,448$3,435$2,628$1,995$1,065
24 years$5,402$4,167$3,177$2,397$1,793$925
25 years$5,131$3,911$2,943$2,189$1,614$805
26 years$4,881$3,676$2,729$2,002$1,453$700
27 years$4,649$3,459$2,534$1,832$1,310$610
28 years$4,435$3,259$2,356$1,679$1,182$531
29 years$4,236$3,075$2,192$1,539$1,068$463
30 years$4,051$2,904$2,042$1,413$965$404
31 years$3,878$2,745$1,904$1,298$872$352
32 years$3,716$2,598$1,776$1,192$789$307
33 years$3,564$2,460$1,658$1,097$714$268
34 years$3,421$2,331$1,550$1,009$646$234
35 years$3,287$2,211$1,449$929$586$204
36 years$3,161$2,099$1,355$855$530$178
37 years$3,041$1,993$1,269$788$481$156
38 years$2,928$1,894$1,188$726$436$136
39 years$2,822$1,801$1,113$670$395$119
40 years$2,721$1,714$1,043$618$359$104
41 years$2,625$1,632$978$570$325$91
42 years$2,534$1,554$918$526$295$79
43 years$2,447$1,480$861$486$268$69
44 years$2,364$1,411$808$448$243$60
45 years$2,286$1,346$759$414$221$53
46 years$2,211$1,284$713$382$200$46
47 years$2,139$1,225$670$353$182$40
48 years$2,071$1,170$629$327$165$35
49 years$2,006$1,117$591$302$150$31
50 years$1,943$1,067$556$279$136$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,990,000, adding $2,749 every year, while hoping to spend $25,788 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: 60/24/16 Blend
48$1,990,000$1,990,000$1,990,000$1,990,000
49$2,195,816$2,090,346$2,059,501$2,318,476
50$2,392,351$2,165,334$2,101,056$2,476,546
51$2,608,068$2,243,133$2,143,138$2,645,792
52$2,844,897$2,323,853$2,185,740$2,829,819
53$3,104,962$2,407,608$2,228,848$3,030,061
54$3,390,606$2,494,518$2,272,452$3,248,094
55$3,704,407$2,584,709$2,316,539$3,485,653
56$4,049,207$2,678,310$2,361,093$3,744,646
57$4,428,135$2,775,456$2,406,098$4,027,174
58$4,844,640$2,876,288$2,451,538$4,335,551
59$5,302,520$2,980,954$2,497,391$4,672,321
60$5,805,962$3,089,605$2,543,639$5,040,288
61$6,359,577$3,202,402$2,590,257$5,442,536
62$6,968,444$3,319,510$2,637,221$5,882,464
63$7,638,162$3,441,103$2,684,504$6,363,810
64$8,374,897$3,567,360$2,732,078$6,890,694
65$9,185,445$3,698,469$2,779,912$7,467,651
66$10,077,293$3,834,626$2,827,971$8,099,675
67$11,058,690$3,976,036$2,876,221$8,792,265
68$12,138,725$4,122,910$2,924,623$9,551,480
69$13,327,413$4,275,471$2,973,136$10,383,990
70$14,635,789$4,433,949$3,021,716$11,297,141
71$16,076,012$4,598,585$3,070,316$12,299,028
72$17,661,481$4,769,631$3,118,887$13,398,564
73$19,406,957$4,947,348$3,167,375$14,605,567
74$21,328,708$5,132,009$3,215,723$15,930,852
75$23,444,658$5,323,899$3,263,872$17,386,332
76$25,774,558$5,523,316$3,311,756$18,985,133
77$28,340,172$5,730,567$3,359,310$20,741,710
78$31,165,482$5,945,978$3,406,459$22,671,989
79$34,276,914$6,169,883$3,453,128$24,793,517
80$37,703,588$6,402,636$3,499,236$27,125,622
81$41,477,590$6,644,602$3,544,697$29,689,599
82$45,634,281$6,896,164$3,589,421$32,508,909
83$50,212,622$7,157,720$3,633,311$35,609,397
84$55,255,548$7,429,687$3,676,266$39,019,543
85$60,810,372$7,712,500$3,718,179$42,770,718
86$66,929,230$8,006,612$3,758,937$46,897,492
87$73,669,570$8,312,495$3,798,421$51,437,951
88$81,094,703$8,630,644$3,836,505$56,434,056
89$89,274,391$8,961,574$3,873,055$61,932,045
90$98,285,509$9,305,822$3,907,934$67,982,858
91$108,212,774$9,663,949$3,940,992$74,642,628
92$119,149,536$10,036,543$3,972,075$81,973,201
93$131,198,669$10,424,213$4,001,020$90,042,723
94$144,473,534$10,827,600$4,027,654$98,926,282
95$159,099,052$11,247,370$4,051,798$108,706,613
96$175,212,883$11,684,219$4,073,261$119,474,882
97$192,966,725$12,138,874$4,091,843$131,331,541
98$212,527,747$12,612,094$4,107,335$144,387,278
99$234,080,162$13,104,672$4,119,516$158,764,061
100$257,826,973$13,617,435$4,128,155$174,596,284