Can I retire at age 49 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$156,074$154,684$153,328$152,004$150,711$147,729
2 years$77,265$75,826$74,431$73,079$71,767$68,775
3 years$50,998$49,553$48,162$46,822$45,532$42,623
4 years$37,867$36,427$35,049$33,733$32,474$29,671
5 years$29,991$28,559$27,200$25,910$24,686$21,997
6 years$24,742$23,320$21,981$20,720$19,533$16,961
7 years$20,994$19,585$18,267$17,035$15,886$13,431
8 years$18,184$16,788$15,492$14,291$13,179$10,841
9 years$16,000$14,617$13,343$12,172$11,098$8,876
10 years$14,254$12,884$11,633$10,493$9,456$7,347
11 years$12,826$11,470$10,241$9,132$8,133$6,134
12 years$11,637$10,295$9,089$8,010$7,048$5,157
13 years$10,632$9,303$8,120$7,071$6,146$4,360
14 years$9,771$8,456$7,296$6,277$5,387$3,702
15 years$9,025$7,725$6,587$5,598$4,743$3,156
16 years$8,373$7,088$5,972$5,013$4,192$2,699
17 years$7,799$6,527$5,435$4,504$3,717$2,314
18 years$7,289$6,032$4,961$4,059$3,305$1,989
19 years$6,833$5,590$4,542$3,667$2,946$1,712
20 years$6,424$5,195$4,168$3,322$2,631$1,477
21 years$6,053$4,839$3,834$3,015$2,355$1,275
22 years$5,717$4,517$3,534$2,741$2,111$1,102
23 years$5,411$4,224$3,263$2,496$1,895$954
24 years$5,130$3,958$3,017$2,277$1,703$826
25 years$4,873$3,714$2,795$2,079$1,532$716
26 years$4,635$3,491$2,592$1,901$1,380$621
27 years$4,416$3,285$2,407$1,740$1,245$539
28 years$4,212$3,096$2,237$1,594$1,123$468
29 years$4,023$2,920$2,082$1,462$1,014$407
30 years$3,847$2,758$1,939$1,342$916$354
31 years$3,683$2,607$1,808$1,232$828$307
32 years$3,529$2,467$1,687$1,133$749$267
33 years$3,385$2,336$1,575$1,041$678$232
34 years$3,249$2,214$1,472$958$614$202
35 years$3,122$2,100$1,376$882$556$176
36 years$3,002$1,993$1,287$812$504$153
37 years$2,888$1,893$1,205$749$457$133
38 years$2,781$1,799$1,128$690$414$116
39 years$2,680$1,711$1,057$636$375$101
40 years$2,584$1,628$991$587$341$88
41 years$2,493$1,550$929$541$309$76
42 years$2,406$1,476$871$500$280$67
43 years$2,324$1,406$818$461$254$58
44 years$2,246$1,340$768$426$231$50
45 years$2,171$1,278$721$393$210$44
46 years$2,100$1,219$677$363$190$38
47 years$2,032$1,164$636$336$173$33
48 years$1,967$1,111$598$310$157$29
49 years$1,905$1,061$562$287$143$25
50 years$1,845$1,013$528$265$129$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,890,000, adding $6,169 every year, while hoping to spend $29,077 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: 42/30/28 Blend
48$1,890,000$1,890,000$1,890,000$1,890,000
49$2,089,143$1,988,973$1,959,678$2,159,535
50$2,271,298$2,055,495$1,994,390$2,277,319
51$2,471,058$2,124,302$2,029,290$2,401,594
52$2,690,189$2,195,476$2,064,353$2,535,629
53$2,930,634$2,269,100$2,099,555$2,680,342
54$3,194,535$2,345,262$2,134,866$2,836,743
55$3,484,250$2,424,052$2,170,257$3,005,946
56$3,802,378$2,505,566$2,205,695$3,189,172
57$4,151,782$2,589,899$2,241,147$3,387,767
58$4,535,613$2,677,154$2,276,575$3,603,213
59$4,957,347$2,767,436$2,311,942$3,837,137
60$5,420,809$2,860,853$2,347,205$4,091,335
61$5,930,216$2,957,519$2,382,320$4,367,780
62$6,490,211$3,057,551$2,417,241$4,668,646
63$7,105,912$3,161,070$2,451,918$4,996,323
64$7,782,956$3,268,203$2,486,298$5,353,448
65$8,527,554$3,379,081$2,520,325$5,742,918
66$9,346,549$3,493,841$2,553,941$6,167,928
67$10,247,480$3,612,623$2,587,081$6,631,994
68$11,238,656$3,735,574$2,619,681$7,138,986
69$12,329,229$3,862,847$2,651,670$7,693,171
70$13,529,283$3,994,599$2,682,974$8,299,243
71$14,849,930$4,130,996$2,713,515$8,962,374
72$16,303,415$4,272,206$2,743,209$9,688,262
73$17,903,227$4,418,407$2,771,970$10,483,180
74$19,664,231$4,569,784$2,799,706$11,354,041
75$21,602,805$4,726,527$2,826,319$12,308,456
76$23,736,999$4,888,834$2,851,708$13,354,813
77$26,086,697$5,056,911$2,875,765$14,502,349
78$28,673,813$5,230,973$2,898,376$15,761,241
79$31,522,493$5,411,241$2,919,422$17,142,700
80$34,659,342$5,597,947$2,938,778$18,659,077
81$38,113,679$5,791,330$2,956,311$20,323,979
82$41,917,809$5,991,641$2,971,882$22,152,397
83$46,107,332$6,199,137$2,985,346$24,160,847
84$50,721,474$6,414,089$2,996,550$26,367,525
85$55,803,461$6,636,776$3,005,331$28,792,480
86$61,400,925$6,867,489$3,011,521$31,457,800
87$67,566,354$7,106,531$3,014,941$34,387,823
88$74,357,587$7,354,216$3,015,406$37,609,363
89$81,838,359$7,610,870$3,012,720$41,151,968
90$90,078,903$7,876,834$3,006,678$45,048,190
91$99,156,612$8,152,460$2,997,063$49,333,900
92$109,156,773$8,438,117$2,983,650$54,048,621
93$120,173,364$8,734,185$2,966,204$59,235,904
94$132,309,950$9,041,063$2,944,474$64,943,736
95$145,680,653$9,359,163$2,918,202$71,224,991
96$160,411,234$9,688,916$2,887,115$78,137,933
97$176,640,274$10,030,768$2,850,929$85,746,763
98$194,520,490$10,385,183$2,809,343$94,122,223
99$214,220,170$10,752,647$2,762,046$103,342,266
100$235,924,763$11,133,663$2,708,710$113,492,789