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

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 $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%15.9%
1 years$165,158$163,687$162,252$160,851$159,483$155,627
2 years$81,761$80,239$78,763$77,332$75,944$72,083
3 years$53,966$52,437$50,965$49,547$48,182$44,436
4 years$40,071$38,547$37,089$35,696$34,364$30,762
5 years$31,737$30,221$28,783$27,418$26,123$22,674
6 years$26,182$24,678$23,261$21,926$20,670$17,379
7 years$22,216$20,724$19,330$18,027$16,810$13,677
8 years$19,243$17,765$16,393$15,122$13,946$10,969
9 years$16,931$15,467$14,120$12,881$11,744$8,922
10 years$15,083$13,634$12,310$11,103$10,007$7,335
11 years$13,572$12,137$10,837$9,663$8,606$6,081
12 years$12,314$10,894$9,618$8,476$7,458$5,076
13 years$11,250$9,845$8,593$7,483$6,503$4,260
14 years$10,339$8,949$7,721$6,643$5,701$3,591
15 years$9,550$8,175$6,971$5,924$5,020$3,037
16 years$8,861$7,500$6,320$5,304$4,436$2,577
17 years$8,253$6,907$5,751$4,766$3,934$2,192
18 years$7,713$6,383$5,250$4,295$3,497$1,869
19 years$7,231$5,915$4,806$3,881$3,117$1,596
20 years$6,797$5,497$4,411$3,515$2,785$1,365
21 years$6,406$5,120$4,057$3,190$2,492$1,169
22 years$6,050$4,779$3,739$2,900$2,234$1,002
23 years$5,726$4,470$3,452$2,642$2,005$860
24 years$5,429$4,188$3,193$2,409$1,802$738
25 years$5,156$3,930$2,957$2,200$1,622$634
26 years$4,905$3,694$2,743$2,012$1,461$545
27 years$4,673$3,476$2,547$1,841$1,317$469
28 years$4,458$3,276$2,368$1,687$1,188$404
29 years$4,258$3,090$2,203$1,547$1,073$348
30 years$4,071$2,919$2,052$1,420$970$299
31 years$3,897$2,759$1,913$1,304$877$258
32 years$3,734$2,611$1,785$1,198$793$222
33 years$3,582$2,472$1,667$1,102$718$191
34 years$3,438$2,343$1,557$1,014$650$165
35 years$3,304$2,222$1,456$933$588$142
36 years$3,176$2,109$1,362$860$533$123
37 years$3,057$2,003$1,275$792$483$106
38 years$2,943$1,904$1,194$730$438$91
39 years$2,836$1,811$1,119$673$397$79
40 years$2,734$1,723$1,048$621$360$68
41 years$2,638$1,640$983$573$327$58
42 years$2,546$1,562$922$529$297$50
43 years$2,459$1,488$865$488$269$44
44 years$2,376$1,418$812$451$244$38
45 years$2,297$1,352$763$416$222$32
46 years$2,222$1,290$716$384$201$28
47 years$2,150$1,231$673$355$183$24
48 years$2,081$1,175$632$328$166$21
49 years$2,016$1,122$594$303$151$18
50 years$1,953$1,072$559$280$137$15

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 $3,075 every year, while hoping to spend $26,855 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: 73/15/12 Blend
48$2,000,000$2,000,000$2,000,000$2,000,000
49$2,207,172$2,101,172$2,070,172$2,362,671
50$2,403,730$2,175,556$2,110,949$2,540,281
51$2,619,437$2,252,684$2,152,192$2,731,137
52$2,856,217$2,332,664$2,193,889$2,939,453
53$3,116,192$2,415,605$2,236,024$3,166,950
54$3,401,696$2,501,622$2,278,584$3,415,525
55$3,715,302$2,590,835$2,321,550$3,687,263
56$4,059,846$2,683,368$2,364,904$3,984,461
57$4,438,448$2,779,352$2,408,627$4,309,650
58$4,854,550$2,878,920$2,452,696$4,665,616
59$5,311,941$2,982,214$2,497,088$5,055,426
60$5,814,796$3,089,379$2,541,777$5,482,460
61$6,367,714$3,200,568$2,586,736$5,950,437
62$6,975,764$3,315,939$2,631,935$6,463,457
63$7,644,530$3,435,658$2,677,342$7,026,033
64$8,380,162$3,559,895$2,722,924$7,643,138
65$9,189,440$3,688,831$2,768,642$8,320,246
66$10,079,830$3,822,652$2,814,460$9,063,392
67$11,059,562$3,961,551$2,860,333$9,879,219
68$12,137,702$4,105,731$2,906,219$10,775,048
69$13,324,239$4,255,404$2,952,069$11,758,942
70$14,630,181$4,410,787$2,997,832$12,839,784
71$16,067,654$4,572,111$3,043,455$14,027,360
72$17,650,024$4,739,614$3,088,880$15,332,451
73$19,392,015$4,913,543$3,134,045$16,766,935
74$21,309,852$5,094,158$3,178,887$18,343,897
75$23,421,413$5,281,729$3,223,337$20,077,754
76$25,746,400$5,476,536$3,267,321$21,984,388
77$28,306,519$5,678,872$3,310,763$24,081,300
78$31,125,691$5,889,044$3,353,580$26,387,770
79$34,230,274$6,107,370$3,395,687$28,925,042
80$37,649,311$6,334,180$3,436,993$31,716,523
81$41,414,809$6,569,823$3,477,399$34,788,000
82$45,562,032$6,814,657$3,516,806$38,167,889
83$50,129,845$7,069,061$3,555,104$41,887,500
84$55,161,069$7,333,425$3,592,180$45,981,330
85$60,702,895$7,608,160$3,627,915$50,487,391
86$66,807,322$7,893,691$3,662,182$55,447,565
87$73,531,652$8,190,465$3,694,848$60,908,004
88$80,939,028$8,498,945$3,725,773$66,919,559
89$89,099,031$8,819,616$3,754,808$73,538,265
90$98,088,338$9,152,982$3,781,800$80,825,865
91$107,991,442$9,499,572$3,806,584$88,850,392
92$118,901,452$9,859,934$3,828,988$97,686,816
93$130,920,973$10,234,643$3,848,831$107,417,745
94$144,163,069$10,624,298$3,865,923$118,134,207
95$158,752,335$11,029,522$3,880,066$129,936,507
96$174,826,073$11,450,968$3,891,047$142,935,174
97$192,535,584$11,889,317$3,898,649$157,252,006
98$212,047,598$12,345,278$3,902,638$173,021,213
99$233,545,849$12,819,592$3,902,772$190,390,688
100$257,232,808$13,313,035$3,898,797$209,523,402