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%15.4%
1 years$164,332$162,869$161,440$160,046$158,685$155,164
2 years$81,353$79,838$78,369$76,945$75,564$72,035
3 years$53,696$52,175$50,710$49,300$47,941$44,514
4 years$39,871$38,354$36,904$35,518$34,192$30,894
5 years$31,578$30,070$28,639$27,281$25,992$22,832
6 years$26,051$24,554$23,145$21,817$20,567$17,547
7 years$22,105$20,621$19,233$17,937$16,726$13,849
8 years$19,146$17,676$16,311$15,047$13,876$11,139
9 years$16,847$15,390$14,049$12,816$11,686$9,087
10 years$15,008$13,565$12,248$11,048$9,957$7,494
11 years$13,504$12,077$10,783$9,615$8,563$6,233
12 years$12,253$10,839$9,570$8,434$7,421$5,220
13 years$11,194$9,796$8,550$7,446$6,471$4,395
14 years$10,288$8,904$7,682$6,609$5,672$3,717
15 years$9,503$8,134$6,936$5,894$4,994$3,156
16 years$8,816$7,463$6,288$5,278$4,414$2,687
17 years$8,212$6,873$5,722$4,742$3,914$2,294
18 years$7,675$6,351$5,224$4,274$3,480$1,963
19 years$7,195$5,886$4,782$3,862$3,102$1,682
20 years$6,763$5,469$4,389$3,497$2,771$1,444
21 years$6,374$5,095$4,037$3,174$2,479$1,242
22 years$6,020$4,756$3,720$2,886$2,222$1,069
23 years$5,697$4,448$3,435$2,628$1,995$920
24 years$5,402$4,167$3,177$2,397$1,793$794
25 years$5,131$3,911$2,943$2,189$1,614$685
26 years$4,881$3,676$2,729$2,002$1,453$591
27 years$4,649$3,459$2,534$1,832$1,310$510
28 years$4,435$3,259$2,356$1,679$1,182$441
29 years$4,236$3,075$2,192$1,539$1,068$381
30 years$4,051$2,904$2,042$1,413$965$330
31 years$3,878$2,745$1,904$1,298$872$285
32 years$3,716$2,598$1,776$1,192$789$247
33 years$3,564$2,460$1,658$1,097$714$213
34 years$3,421$2,331$1,550$1,009$646$185
35 years$3,287$2,211$1,449$929$586$160
36 years$3,161$2,099$1,355$855$530$138
37 years$3,041$1,993$1,269$788$481$120
38 years$2,928$1,894$1,188$726$436$104
39 years$2,822$1,801$1,113$670$395$90
40 years$2,721$1,714$1,043$618$359$78
41 years$2,625$1,632$978$570$325$67
42 years$2,534$1,554$918$526$295$58
43 years$2,447$1,480$861$486$268$51
44 years$2,364$1,411$808$448$243$44
45 years$2,286$1,346$759$414$221$38
46 years$2,211$1,284$713$382$200$33
47 years$2,139$1,225$670$353$182$29
48 years$2,071$1,170$629$327$165$25
49 years$2,006$1,117$591$302$150$21
50 years$1,943$1,067$556$279$136$19

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 $4,102 every year, while hoping to spend $34,674 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: 59/30/11 Blend
48$1,990,000$1,990,000$1,990,000$1,990,000
49$2,197,211$2,091,741$2,060,896$2,320,814
50$2,384,434$2,157,344$2,093,043$2,470,073
51$2,589,591$2,224,999$2,125,105$2,628,490
52$2,814,476$2,294,770$2,157,043$2,800,387
53$3,061,062$2,366,723$2,188,813$2,987,065
54$3,331,525$2,440,927$2,220,373$3,189,955
55$3,628,259$2,517,451$2,251,674$3,410,630
56$3,953,903$2,596,368$2,282,667$3,650,822
57$4,311,363$2,677,752$2,313,298$3,912,439
58$4,703,840$2,761,680$2,343,512$4,197,580
59$5,134,860$2,848,230$2,373,248$4,508,556
60$5,608,308$2,937,486$2,402,444$4,847,911
61$6,128,463$3,029,530$2,431,033$5,218,446
62$6,700,039$3,124,450$2,458,946$5,623,247
63$7,328,230$3,222,335$2,486,107$6,065,709
64$8,018,757$3,323,277$2,512,440$6,549,572
65$8,777,924$3,427,372$2,537,860$7,078,957
66$9,612,676$3,534,716$2,562,281$7,658,398
67$10,530,663$3,645,411$2,585,612$8,292,894
68$11,540,316$3,759,562$2,607,756$8,987,945
69$12,650,923$3,877,275$2,628,610$9,749,614
70$13,872,716$3,998,661$2,648,068$10,584,577
71$15,216,972$4,123,834$2,666,017$11,500,187
72$16,696,113$4,252,911$2,682,338$12,504,546
73$18,323,827$4,386,015$2,696,907$13,606,578
74$20,115,196$4,523,268$2,709,592$14,816,112
75$22,086,839$4,664,801$2,720,256$16,143,979
76$24,257,065$4,810,745$2,728,753$17,602,110
77$26,646,052$4,961,238$2,734,933$19,203,649
78$29,276,031$5,116,420$2,738,635$20,963,076
79$32,171,498$5,276,436$2,739,691$22,896,346
80$35,359,446$5,441,437$2,737,926$25,021,035
81$38,869,618$5,611,576$2,733,155$27,356,511
82$42,734,788$5,787,012$2,725,185$29,924,110
83$46,991,071$5,967,910$2,713,812$32,747,341
84$51,678,260$6,154,437$2,698,825$35,852,108
85$56,840,206$6,346,769$2,679,999$39,266,951
86$62,525,230$6,545,084$2,657,102$43,023,317
87$68,786,578$6,749,566$2,629,889$47,155,856
88$75,682,921$6,960,408$2,598,103$51,702,746
89$83,278,915$7,177,804$2,561,476$56,706,057
90$91,645,806$7,401,957$2,519,726$62,212,143
91$100,862,100$7,633,076$2,472,560$68,272,080
92$111,014,313$7,871,375$2,419,668$74,942,151
93$122,197,775$8,117,075$2,360,730$82,284,372
94$134,517,541$8,370,404$2,295,407$90,367,080
95$148,089,375$8,631,598$2,223,348$99,265,578
96$163,040,843$8,900,899$2,144,182$109,062,841
97$179,512,521$9,178,555$2,057,524$119,850,303
98$197,659,318$9,464,823$1,962,971$131,728,719
99$217,651,938$9,759,970$1,860,100$144,809,113
100$239,678,494$10,064,266$1,748,472$159,213,829