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%
1 years$164,332$162,869$161,440$160,046$158,685$156,057
2 years$81,353$79,838$78,369$76,945$75,564$72,924
3 years$53,696$52,175$50,710$49,300$47,941$45,371
4 years$39,871$38,354$36,904$35,518$34,192$31,711
5 years$31,578$30,070$28,639$27,281$25,992$23,609
6 years$26,051$24,554$23,145$21,817$20,567$18,283
7 years$22,105$20,621$19,233$17,937$16,726$14,543
8 years$19,146$17,676$16,311$15,047$13,876$11,793
9 years$16,847$15,390$14,049$12,816$11,686$9,702
10 years$15,008$13,565$12,248$11,048$9,957$8,070
11 years$13,504$12,077$10,783$9,615$8,563$6,772
12 years$12,253$10,839$9,570$8,434$7,421$5,722
13 years$11,194$9,796$8,550$7,446$6,471$4,863
14 years$10,288$8,904$7,682$6,609$5,672$4,153
15 years$9,503$8,134$6,936$5,894$4,994$3,559
16 years$8,816$7,463$6,288$5,278$4,414$3,061
17 years$8,212$6,873$5,722$4,742$3,914$2,640
18 years$7,675$6,351$5,224$4,274$3,480$2,282
19 years$7,195$5,886$4,782$3,862$3,102$1,976
20 years$6,763$5,469$4,389$3,497$2,771$1,714
21 years$6,374$5,095$4,037$3,174$2,479$1,490
22 years$6,020$4,756$3,720$2,886$2,222$1,296
23 years$5,697$4,448$3,435$2,628$1,995$1,128
24 years$5,402$4,167$3,177$2,397$1,793$984
25 years$5,131$3,911$2,943$2,189$1,614$858
26 years$4,881$3,676$2,729$2,002$1,453$749
27 years$4,649$3,459$2,534$1,832$1,310$654
28 years$4,435$3,259$2,356$1,679$1,182$572
29 years$4,236$3,075$2,192$1,539$1,068$500
30 years$4,051$2,904$2,042$1,413$965$437
31 years$3,878$2,745$1,904$1,298$872$383
32 years$3,716$2,598$1,776$1,192$789$335
33 years$3,564$2,460$1,658$1,097$714$293
34 years$3,421$2,331$1,550$1,009$646$257
35 years$3,287$2,211$1,449$929$586$225
36 years$3,161$2,099$1,355$855$530$197
37 years$3,041$1,993$1,269$788$481$173
38 years$2,928$1,894$1,188$726$436$151
39 years$2,822$1,801$1,113$670$395$133
40 years$2,721$1,714$1,043$618$359$116
41 years$2,625$1,632$978$570$325$102
42 years$2,534$1,554$918$526$295$89
43 years$2,447$1,480$861$486$268$78
44 years$2,364$1,411$808$448$243$69
45 years$2,286$1,346$759$414$221$60
46 years$2,211$1,284$713$382$200$53
47 years$2,139$1,225$670$353$182$46
48 years$2,071$1,170$629$327$165$41
49 years$2,006$1,117$591$302$150$36
50 years$1,943$1,067$556$279$136$31

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 $6,020 every year, while hoping to spend $37,456 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: 72/16/12 Blend
48$1,990,000$1,990,000$1,990,000$1,990,000
49$2,199,190$2,093,720$2,062,875$2,351,643
50$2,383,654$2,156,459$2,092,128$2,516,092
51$2,585,679$2,221,017$2,121,106$2,690,922
52$2,807,015$2,287,444$2,149,760$2,881,352
53$3,049,591$2,355,790$2,178,038$3,088,915
54$3,315,533$2,426,107$2,205,886$3,315,297
55$3,607,179$2,498,448$2,233,245$3,562,357
56$3,927,108$2,572,868$2,260,055$3,832,141
57$4,278,157$2,649,423$2,286,251$4,126,905
58$4,663,453$2,728,169$2,311,765$4,449,128
59$5,086,441$2,809,165$2,336,524$4,801,546
60$5,550,914$2,892,470$2,360,454$5,187,168
61$6,061,051$2,978,145$2,383,473$5,609,312
62$6,621,457$3,066,253$2,405,498$6,071,631
63$7,237,203$3,156,856$2,426,439$6,578,147
64$7,913,875$3,250,020$2,446,203$7,133,295
65$8,657,631$3,345,811$2,464,691$7,741,956
66$9,475,251$3,444,297$2,481,799$8,409,510
67$10,374,205$3,545,547$2,497,419$9,141,884
68$11,362,727$3,649,631$2,511,435$9,945,605
69$12,449,884$3,756,622$2,523,726$10,827,868
70$13,645,667$3,866,592$2,534,167$11,796,595
71$14,961,086$3,979,616$2,542,623$12,860,519
72$16,408,271$4,095,771$2,548,954$14,029,259
73$18,000,584$4,215,133$2,553,013$15,313,413
74$19,752,751$4,337,783$2,554,647$16,724,660
75$21,680,997$4,463,799$2,553,693$18,275,865
76$23,803,198$4,593,265$2,549,981$19,981,206
77$26,139,052$4,726,262$2,543,333$21,856,303
78$28,710,263$4,862,877$2,533,562$23,918,370
79$31,540,745$5,003,193$2,520,472$26,186,370
80$34,656,851$5,147,300$2,503,858$28,681,203
81$38,087,617$5,295,284$2,483,504$31,425,895
82$41,865,037$5,447,236$2,459,185$34,445,819
83$46,024,368$5,603,248$2,430,664$37,768,935
84$50,604,457$5,763,410$2,397,695$41,426,051
85$55,648,111$5,927,817$2,360,017$45,451,117
86$61,202,501$6,096,563$2,317,361$49,881,541
87$67,319,605$6,269,743$2,269,441$54,758,546
88$74,056,698$6,447,454$2,215,961$60,127,558
89$81,476,896$6,629,794$2,156,610$66,038,630
90$89,649,746$6,816,860$2,091,063$72,546,923
91$98,651,885$7,008,752$2,018,979$79,713,219
92$108,567,766$7,205,569$1,940,004$87,604,497
93$119,490,449$7,407,413$1,853,764$96,294,566
94$131,522,481$7,614,382$1,759,872$105,864,761
95$144,776,867$7,826,580$1,657,921$116,404,711
96$159,378,132$8,044,107$1,547,485$128,013,185
97$175,463,498$8,267,064$1,428,122$140,799,021
98$193,184,177$8,495,553$1,299,367$154,882,159
99$212,706,804$8,729,676$1,160,736$170,394,768
100$234,215,000$8,969,532$1,011,723$187,482,498