Can I retire at age 49 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$159,378$157,958$156,573$155,221$153,901$150,794
2 years$78,900$77,430$76,006$74,625$73,286$70,169
3 years$52,077$50,602$49,181$47,813$46,496$43,466
4 years$38,669$37,198$35,791$34,447$33,161$30,243
5 years$30,626$29,163$27,775$26,458$25,209$22,409
6 years$25,265$23,814$22,447$21,159$19,947$17,270
7 years$21,438$19,999$18,653$17,396$16,222$13,668
8 years$18,569$17,143$15,819$14,593$13,458$11,026
9 years$16,339$14,926$13,625$12,430$11,333$9,022
10 years$14,555$13,156$11,879$10,715$9,657$7,463
11 years$13,097$11,712$10,458$9,325$8,305$6,227
12 years$11,883$10,512$9,281$8,179$7,197$5,232
13 years$10,857$9,500$8,292$7,221$6,276$4,420
14 years$9,977$8,635$7,451$6,410$5,501$3,751
15 years$9,216$7,889$6,727$5,717$4,844$3,195
16 years$8,551$7,238$6,099$5,119$4,281$2,731
17 years$7,964$6,666$5,550$4,599$3,796$2,340
18 years$7,443$6,159$5,066$4,145$3,375$2,009
19 years$6,978$5,708$4,638$3,745$3,008$1,729
20 years$6,559$5,305$4,256$3,392$2,687$1,490
21 years$6,181$4,941$3,915$3,078$2,405$1,285
22 years$5,838$4,612$3,608$2,799$2,155$1,110
23 years$5,525$4,314$3,332$2,549$1,935$960
24 years$5,239$4,042$3,081$2,325$1,739$831
25 years$4,976$3,793$2,854$2,123$1,565$720
26 years$4,733$3,565$2,647$1,941$1,410$624
27 years$4,509$3,355$2,458$1,777$1,271$541
28 years$4,302$3,161$2,285$1,628$1,147$469
29 years$4,108$2,982$2,126$1,493$1,035$407
30 years$3,929$2,816$1,980$1,370$936$354
31 years$3,761$2,662$1,846$1,258$846$307
32 years$3,604$2,519$1,723$1,157$765$267
33 years$3,456$2,386$1,608$1,064$692$232
34 years$3,318$2,261$1,503$979$627$202
35 years$3,188$2,145$1,405$901$568$175
36 years$3,065$2,036$1,314$830$515$152
37 years$2,950$1,933$1,230$764$466$133
38 years$2,840$1,837$1,152$705$423$115
39 years$2,737$1,747$1,079$650$383$100
40 years$2,639$1,662$1,012$599$348$87
41 years$2,546$1,582$949$553$315$76
42 years$2,457$1,507$890$510$286$66
43 years$2,373$1,436$835$471$260$57
44 years$2,293$1,369$784$435$236$50
45 years$2,217$1,305$736$402$214$43
46 years$2,144$1,245$691$371$194$38
47 years$2,075$1,188$649$343$176$33
48 years$2,008$1,134$610$317$160$29
49 years$1,945$1,083$574$293$146$25
50 years$1,884$1,035$539$271$132$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,930,000, adding $6,514 every year, while hoping to spend $58,844 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: 64/17/19 Blend
48$1,930,000$1,930,000$1,930,000$1,930,000
49$2,133,579$2,031,289$2,001,374$2,259,473
50$2,288,595$2,068,213$2,005,811$2,381,803
51$2,457,450$2,104,973$2,008,424$2,508,119
52$2,641,493$2,141,501$2,009,090$2,644,729
53$2,842,211$2,177,720$2,007,680$2,792,641
54$3,061,238$2,213,549$2,004,058$2,952,967
55$3,300,372$2,248,902$1,998,082$3,126,934
56$3,561,596$2,283,683$1,989,603$3,315,891
57$3,847,088$2,317,793$1,978,465$3,521,329
58$4,159,250$2,351,125$1,964,503$3,744,889
59$4,500,726$2,383,561$1,947,545$3,988,381
60$4,874,424$2,414,980$1,927,413$4,253,802
61$5,283,551$2,445,250$1,903,916$4,543,350
62$5,731,634$2,474,228$1,876,858$4,859,450
63$6,222,561$2,501,765$1,846,033$5,204,777
64$6,760,610$2,527,700$1,811,223$5,582,278
65$7,350,496$2,551,861$1,772,203$5,995,203
66$7,997,410$2,574,065$1,728,735$6,447,134
67$8,707,069$2,594,118$1,680,571$6,942,020
68$9,485,773$2,611,813$1,627,453$7,484,216
69$10,340,458$2,626,927$1,569,109$8,078,522
70$11,278,765$2,639,227$1,505,254$8,730,231
71$12,309,112$2,648,463$1,435,594$9,445,175
72$13,440,772$2,654,368$1,359,817$10,229,788
73$14,683,960$2,656,661$1,277,600$11,091,160
74$16,049,928$2,655,041$1,188,603$12,037,107
75$17,551,073$2,649,191$1,092,474$13,076,247
76$19,201,053$2,638,771$988,842$14,218,079
77$21,014,913$2,623,424$877,321$15,473,076
78$23,009,230$2,602,768$757,507$16,852,782
79$25,202,268$2,576,400$628,980$18,369,923
80$27,614,148$2,543,893$491,300$20,038,529
81$30,267,039$2,504,791$344,006$21,874,064
82$33,185,367$2,458,616$186,620$23,893,575
83$36,396,044$2,404,857$18,641$26,115,854
84$39,928,721$2,342,976$0$28,561,617
85$43,816,070$2,272,401$0$31,286,259
86$48,094,089$2,192,529$0$34,288,537
87$52,802,443$2,102,719$0$37,592,528
88$57,984,836$2,002,296$0$41,228,934
89$63,689,424$1,890,543$0$45,231,591
90$69,969,269$1,766,704$0$49,637,786
91$76,882,839$1,629,977$0$54,488,613
92$84,494,560$1,479,517$0$59,829,357
93$92,875,421$1,314,429$0$65,709,926
94$102,103,645$1,133,768$0$72,185,320
95$112,265,429$936,535$0$79,316,152
96$123,455,752$721,675$0$87,169,221
97$135,779,275$488,073$0$95,818,140
98$149,351,324$234,552$0$105,344,039
99$164,298,984$0$0$115,836,323
100$180,762,289$0$0$127,401,029