Can I retire at age 49 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$160,203$158,776$157,384$156,025$154,698$149,388
2 years$79,309$77,832$76,400$75,012$73,666$68,370
3 years$52,347$50,864$49,436$48,061$46,737$41,621
4 years$38,869$37,390$35,977$34,625$33,333$28,437
5 years$30,784$29,314$27,919$26,596$25,339$20,676
6 years$25,396$23,937$22,563$21,269$20,050$15,624
7 years$21,549$20,103$18,750$17,486$16,306$12,115
8 years$18,665$17,232$15,901$14,669$13,527$9,569
9 years$16,423$15,003$13,696$12,494$11,392$7,661
10 years$14,631$13,225$11,940$10,770$9,707$6,197
11 years$13,165$11,773$10,512$9,373$8,348$5,052
12 years$11,945$10,567$9,329$8,222$7,234$4,145
13 years$10,913$9,549$8,335$7,259$6,308$3,418
14 years$10,029$8,680$7,489$6,443$5,530$2,830
15 years$9,264$7,929$6,762$5,746$4,869$2,351
16 years$8,595$7,275$6,130$5,145$4,303$1,958
17 years$8,005$6,700$5,578$4,623$3,816$1,634
18 years$7,482$6,191$5,092$4,166$3,393$1,366
19 years$7,014$5,738$4,662$3,765$3,024$1,144
20 years$6,593$5,332$4,278$3,409$2,701$959
21 years$6,213$4,967$3,935$3,094$2,417$805
22 years$5,868$4,636$3,627$2,813$2,167$676
23 years$5,554$4,336$3,349$2,562$1,945$569
24 years$5,266$4,063$3,097$2,337$1,748$478
25 years$5,002$3,813$2,869$2,134$1,573$403
26 years$4,758$3,583$2,660$1,951$1,417$339
27 years$4,533$3,372$2,470$1,786$1,277$285
28 years$4,324$3,178$2,297$1,637$1,153$241
29 years$4,130$2,998$2,137$1,501$1,041$203
30 years$3,949$2,831$1,991$1,377$940$171
31 years$3,780$2,676$1,856$1,265$850$144
32 years$3,622$2,532$1,732$1,163$769$121
33 years$3,474$2,398$1,617$1,069$696$102
34 years$3,335$2,273$1,511$984$630$86
35 years$3,204$2,156$1,412$905$571$73
36 years$3,081$2,046$1,321$834$517$61
37 years$2,965$1,943$1,237$768$469$52
38 years$2,855$1,847$1,158$708$425$44
39 years$2,751$1,756$1,085$653$385$37
40 years$2,652$1,671$1,017$602$350$31
41 years$2,559$1,591$954$556$317$26
42 years$2,470$1,515$894$513$288$22
43 years$2,385$1,443$839$473$261$19
44 years$2,305$1,376$788$437$237$16
45 years$2,228$1,312$740$404$215$13
46 years$2,155$1,251$695$373$195$11
47 years$2,086$1,194$653$345$177$9
48 years$2,019$1,140$613$318$161$8
49 years$1,955$1,089$577$294$146$7
50 years$1,894$1,040$542$272$133$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,940,000, adding $4,231 every year, while hoping to spend $56,769 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: 58/37/5 Blend
48$1,940,000$1,940,000$1,940,000$1,940,000
49$2,142,244$2,039,424$2,009,354$2,264,287
50$2,300,351$2,078,954$2,016,266$2,386,157
51$2,472,683$2,118,519$2,021,506$2,512,082
52$2,660,629$2,158,059$2,024,960$2,647,890
53$2,865,722$2,197,512$2,026,505$2,794,530
54$3,089,646$2,236,811$2,026,013$2,953,046
55$3,334,257$2,275,881$2,023,351$3,124,588
56$3,601,595$2,314,644$2,018,378$3,310,423
57$3,893,911$2,353,014$2,010,946$3,511,949
58$4,213,679$2,390,901$2,000,902$3,730,705
59$4,563,624$2,428,205$1,988,082$3,968,385
60$4,946,749$2,464,823$1,972,318$4,226,859
61$5,366,358$2,500,640$1,953,431$4,508,187
62$5,826,091$2,535,535$1,931,236$4,814,638
63$6,329,956$2,569,380$1,905,536$5,148,715
64$6,882,368$2,602,036$1,876,128$5,513,175
65$7,488,189$2,633,355$1,842,797$5,911,057
66$8,152,774$2,663,179$1,805,321$6,345,711
67$8,882,021$2,691,340$1,763,463$6,820,830
68$9,682,428$2,717,656$1,716,980$7,340,485
69$10,561,152$2,741,937$1,665,615$7,909,163
70$11,526,075$2,763,978$1,609,099$8,531,808
71$12,585,883$2,783,561$1,547,151$9,213,874
72$13,750,142$2,800,454$1,479,480$9,961,369
73$15,029,390$2,814,410$1,405,777$10,780,919
74$16,435,240$2,825,168$1,325,722$11,679,827
75$17,980,480$2,832,448$1,238,980$12,666,143
76$19,679,204$2,835,952$1,145,200$13,748,740
77$21,546,937$2,835,368$1,044,018$14,937,400
78$23,600,782$2,830,358$935,050$16,242,908
79$25,859,585$2,820,570$817,898$17,677,150
80$28,344,110$2,805,624$692,144$19,253,228
81$31,077,231$2,785,122$557,353$20,985,588
82$34,084,155$2,758,639$413,071$22,890,152
83$37,392,651$2,725,725$258,822$24,984,470
84$41,033,320$2,685,904$94,110$27,287,891
85$45,039,875$2,638,670$0$29,821,740
86$49,449,466$2,583,488$0$32,613,884
87$54,303,023$2,519,790$0$35,691,520
88$59,645,650$2,446,978$0$39,078,216
89$65,527,041$2,364,415$0$42,805,489
90$72,001,956$2,271,429$0$46,908,080
91$79,130,735$2,167,308$0$51,424,277
92$86,979,863$2,051,299$0$56,396,284
93$95,622,603$1,922,606$0$61,870,619
94$105,139,682$1,780,388$0$67,898,553
95$115,620,056$1,623,753$0$74,536,597
96$127,161,745$1,451,761$0$81,847,038
97$139,872,764$1,263,417$0$89,898,527
98$153,872,132$1,057,671$0$98,766,730
99$169,291,005$833,413$0$108,535,046
100$186,273,906$589,469$0$119,295,392