Can I retire at age 49 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$158,552$157,140$155,762$154,417$153,103$147,554
2 years$78,491$77,029$75,612$74,239$72,906$67,376
3 years$51,808$50,339$48,926$47,566$46,255$40,918
4 years$38,468$37,005$35,606$34,268$32,989$27,886
5 years$30,467$29,012$27,632$26,321$25,078$20,222
6 years$25,135$23,691$22,330$21,049$19,843$15,239
7 years$21,327$19,895$18,557$17,306$16,138$11,783
8 years$18,473$17,054$15,738$14,517$13,388$9,279
9 years$16,254$14,849$13,555$12,366$11,275$7,406
10 years$14,480$13,088$11,817$10,659$9,607$5,972
11 years$13,029$11,652$10,404$9,277$8,262$4,853
12 years$11,822$10,458$9,233$8,137$7,160$3,969
13 years$10,800$9,451$8,249$7,184$6,243$3,261
14 years$9,926$8,591$7,412$6,377$5,473$2,691
15 years$9,168$7,848$6,692$5,687$4,819$2,227
16 years$8,506$7,200$6,067$5,092$4,259$1,848
17 years$7,923$6,631$5,521$4,575$3,776$1,537
18 years$7,405$6,127$5,040$4,123$3,358$1,280
19 years$6,942$5,679$4,614$3,726$2,993$1,068
20 years$6,525$5,277$4,234$3,374$2,673$892
21 years$6,149$4,915$3,895$3,062$2,392$746
22 years$5,808$4,588$3,590$2,784$2,144$624
23 years$5,497$4,291$3,314$2,536$1,925$523
24 years$5,212$4,021$3,065$2,313$1,730$438
25 years$4,950$3,773$2,839$2,112$1,557$367
26 years$4,709$3,546$2,633$1,931$1,402$308
27 years$4,486$3,337$2,445$1,768$1,264$258
28 years$4,279$3,145$2,273$1,620$1,141$217
29 years$4,087$2,967$2,115$1,485$1,030$182
30 years$3,908$2,802$1,970$1,363$931$153
31 years$3,741$2,649$1,837$1,252$841$128
32 years$3,585$2,506$1,714$1,151$761$108
33 years$3,438$2,373$1,600$1,058$689$90
34 years$3,301$2,249$1,495$973$624$76
35 years$3,171$2,134$1,398$896$565$64
36 years$3,049$2,025$1,308$825$512$54
37 years$2,934$1,923$1,224$760$464$45
38 years$2,825$1,828$1,146$701$421$38
39 years$2,723$1,738$1,074$646$381$32
40 years$2,625$1,654$1,006$596$346$27
41 years$2,532$1,574$944$550$314$22
42 years$2,444$1,499$885$508$285$19
43 years$2,361$1,428$831$469$258$16
44 years$2,281$1,362$780$433$235$13
45 years$2,205$1,298$732$400$213$11
46 years$2,133$1,239$688$369$193$9
47 years$2,064$1,182$646$341$176$8
48 years$1,998$1,128$607$315$159$7
49 years$1,935$1,078$571$291$145$6
50 years$1,875$1,029$536$269$132$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,920,000, adding $5,245 every year, while hoping to spend $52,684 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: 36/50/14 Blend
48$1,920,000$1,920,000$1,920,000$1,920,000
49$2,121,250$2,019,490$1,989,730$2,188,302
50$2,281,562$2,062,390$2,000,331$2,279,987
51$2,456,461$2,105,626$2,009,521$2,373,496
52$2,647,377$2,149,159$2,017,197$2,473,301
53$2,855,888$2,192,947$2,023,252$2,579,988
54$3,083,730$2,236,942$2,027,572$2,694,205
55$3,332,812$2,281,094$2,030,038$2,816,668
56$3,605,239$2,325,348$2,030,524$2,948,162
57$3,903,327$2,369,643$2,028,899$3,089,557
58$4,229,625$2,413,914$2,025,027$3,241,811
59$4,586,943$2,458,092$2,018,761$3,405,980
60$4,978,373$2,502,101$2,009,952$3,583,230
61$5,407,321$2,545,858$1,998,439$3,774,846
62$5,877,539$2,589,276$1,984,058$3,982,246
63$6,393,156$2,632,259$1,966,632$4,206,994
64$6,958,724$2,674,705$1,945,980$4,450,815
65$7,579,254$2,716,506$1,921,911$4,715,614
66$8,260,267$2,757,544$1,894,224$5,003,488
67$9,007,842$2,797,692$1,862,708$5,316,755
68$9,828,679$2,836,815$1,827,146$5,657,970
69$10,730,155$2,874,770$1,787,306$6,029,949
70$11,720,399$2,911,401$1,742,949$6,435,804
71$12,808,364$2,946,545$1,693,822$6,878,962
72$14,003,915$2,980,023$1,639,663$7,363,208
73$15,317,919$3,011,649$1,580,196$7,892,713
74$16,762,347$3,041,220$1,515,133$8,472,080
75$18,350,390$3,068,524$1,444,174$9,106,388
76$20,096,580$3,093,331$1,367,004$9,801,234
77$22,016,926$3,115,400$1,283,293$10,562,798
78$24,129,068$3,134,470$1,192,699$11,397,890
79$26,452,441$3,150,267$1,094,862$12,314,025
80$29,008,457$3,162,497$989,408$13,319,490
81$31,820,710$3,170,849$875,943$14,423,426
82$34,915,194$3,174,993$754,059$15,635,912
83$38,320,552$3,174,576$623,328$16,968,065
84$42,068,343$3,169,224$483,304$18,432,146
85$46,193,340$3,158,542$333,520$20,041,674
86$50,733,858$3,142,108$173,491$21,811,559
87$55,732,117$3,119,477$2,708$23,758,242
88$61,234,635$3,090,173$0$25,899,855
89$67,292,672$3,053,696$0$28,283,210
90$73,962,710$3,009,512$0$30,905,707
91$81,306,986$2,957,058$0$33,791,335
92$89,394,082$2,895,737$0$36,966,988
93$98,299,565$2,824,915$0$40,462,314
94$108,106,707$2,743,922$0$44,309,995
95$118,907,266$2,652,049$0$48,546,061
96$130,802,353$2,548,546$0$53,210,230
97$143,903,385$2,432,616$0$58,346,287
98$158,333,136$2,303,421$0$64,002,498
99$174,226,898$2,160,070$0$70,232,067
100$191,733,753$2,001,625$0$77,093,646