Can I retire at age 49 with 2,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$165,158$163,687$162,252$160,851$159,483$155,375
2 years$81,761$80,239$78,763$77,332$75,944$71,833
3 years$53,966$52,437$50,965$49,547$48,182$44,196
4 years$40,071$38,547$37,089$35,696$34,364$30,534
5 years$31,737$30,221$28,783$27,418$26,123$22,459
6 years$26,182$24,678$23,261$21,926$20,670$17,177
7 years$22,216$20,724$19,330$18,027$16,810$13,487
8 years$19,243$17,765$16,393$15,122$13,946$10,792
9 years$16,931$15,467$14,120$12,881$11,744$8,756
10 years$15,083$13,634$12,310$11,103$10,007$7,181
11 years$13,572$12,137$10,837$9,663$8,606$5,939
12 years$12,314$10,894$9,618$8,476$7,458$4,944
13 years$11,250$9,845$8,593$7,483$6,503$4,138
14 years$10,339$8,949$7,721$6,643$5,701$3,478
15 years$9,550$8,175$6,971$5,924$5,020$2,934
16 years$8,861$7,500$6,320$5,304$4,436$2,483
17 years$8,253$6,907$5,751$4,766$3,934$2,106
18 years$7,713$6,383$5,250$4,295$3,497$1,790
19 years$7,231$5,915$4,806$3,881$3,117$1,524
20 years$6,797$5,497$4,411$3,515$2,785$1,299
21 years$6,406$5,120$4,057$3,190$2,492$1,109
22 years$6,050$4,779$3,739$2,900$2,234$948
23 years$5,726$4,470$3,452$2,642$2,005$811
24 years$5,429$4,188$3,193$2,409$1,802$694
25 years$5,156$3,930$2,957$2,200$1,622$595
26 years$4,905$3,694$2,743$2,012$1,461$510
27 years$4,673$3,476$2,547$1,841$1,317$437
28 years$4,458$3,276$2,368$1,687$1,188$375
29 years$4,258$3,090$2,203$1,547$1,073$322
30 years$4,071$2,919$2,052$1,420$970$276
31 years$3,897$2,759$1,913$1,304$877$237
32 years$3,734$2,611$1,785$1,198$793$203
33 years$3,582$2,472$1,667$1,102$718$175
34 years$3,438$2,343$1,557$1,014$650$150
35 years$3,304$2,222$1,456$933$588$129
36 years$3,176$2,109$1,362$860$533$111
37 years$3,057$2,003$1,275$792$483$95
38 years$2,943$1,904$1,194$730$438$82
39 years$2,836$1,811$1,119$673$397$70
40 years$2,734$1,723$1,048$621$360$60
41 years$2,638$1,640$983$573$327$52
42 years$2,546$1,562$922$529$297$45
43 years$2,459$1,488$865$488$269$38
44 years$2,376$1,418$812$451$244$33
45 years$2,297$1,352$763$416$222$28
46 years$2,222$1,290$716$384$201$24
47 years$2,150$1,231$673$355$183$21
48 years$2,081$1,175$632$328$166$18
49 years$2,016$1,122$594$303$151$16
50 years$1,953$1,072$559$280$137$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $2,000,000, adding $4,320 every year, while hoping to spend $20,185 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: 26/49/25 Blend
48$2,000,000$2,000,000$2,000,000$2,000,000
49$2,208,456$2,102,456$2,071,456$2,248,400
50$2,412,242$2,184,000$2,119,373$2,362,611
51$2,636,137$2,268,863$2,168,219$2,483,043
52$2,882,172$2,357,186$2,218,003$2,611,840
53$3,152,583$2,449,117$2,268,736$2,749,722
54$3,449,833$2,544,810$2,320,425$2,897,476
55$3,776,637$2,644,427$2,373,080$3,055,966
56$4,135,985$2,748,135$2,426,709$3,226,136
57$4,531,171$2,856,109$2,481,320$3,409,023
58$4,965,826$2,968,534$2,536,919$3,605,763
59$5,443,949$3,085,601$2,593,514$3,817,601
60$5,969,946$3,207,509$2,651,111$4,045,906
61$6,548,672$3,334,469$2,709,715$4,292,178
62$7,185,476$3,466,697$2,769,330$4,558,061
63$7,886,253$3,604,424$2,829,961$4,845,364
64$8,657,497$3,747,887$2,891,611$5,156,070
65$9,506,363$3,897,335$2,954,282$5,492,359
66$10,440,737$4,053,029$3,017,974$5,856,624
67$11,469,305$4,215,240$3,082,690$6,251,494
68$12,601,641$4,384,254$3,148,427$6,679,858
69$13,848,293$4,560,367$3,215,184$7,144,891
70$15,220,884$4,743,890$3,282,958$7,650,081
71$16,732,221$4,935,148$3,351,744$8,199,265
72$18,396,418$5,134,480$3,421,537$8,796,658
73$20,229,024$5,342,241$3,492,330$9,446,897
74$22,247,175$5,558,801$3,564,113$10,155,081
75$24,469,753$5,784,549$3,636,878$10,926,815
76$26,917,565$6,019,889$3,710,611$11,768,266
77$29,613,539$6,265,246$3,785,298$12,686,220
78$32,582,939$6,521,063$3,860,925$13,688,136
79$35,853,606$6,787,802$3,937,473$14,782,228
80$39,456,218$7,065,948$4,014,923$15,977,527
81$43,424,582$7,356,009$4,093,252$17,283,976
82$47,795,948$7,658,512$4,172,435$18,712,513
83$52,611,369$7,974,014$4,252,446$20,275,179
84$57,916,081$8,303,092$4,333,254$21,985,224
85$63,759,931$8,646,354$4,414,828$23,857,235
86$70,197,850$9,004,432$4,497,132$25,907,266
87$77,290,372$9,377,989$4,580,126$28,152,993
88$85,104,199$9,767,720$4,663,770$30,613,873
89$93,712,838$10,174,349$4,748,017$33,311,329
90$103,197,291$10,598,635$4,832,818$36,268,946
91$113,646,818$11,041,372$4,918,122$39,512,694
92$125,159,785$11,503,391$5,003,870$43,071,169
93$137,844,586$11,985,560$5,090,002$46,975,858
94$151,820,669$12,488,787$5,176,453$51,261,437
95$167,219,664$13,014,025$5,263,151$55,966,092
96$184,186,626$13,562,268$5,350,023$61,131,874
97$202,881,400$14,134,558$5,436,987$66,805,099
98$223,480,135$14,731,983$5,523,958$73,036,774
99$246,176,943$15,355,685$5,610,845$79,883,078
100$271,185,733$16,006,855$5,697,550$87,405,889