Can I retire at age 49 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$161,029$159,595$158,195$156,829$155,496$150,338
2 years$79,717$78,233$76,794$75,399$74,046$68,899
3 years$52,617$51,126$49,691$48,309$46,978$42,004
4 years$39,070$37,583$36,162$34,804$33,505$28,742
5 years$30,943$29,466$28,063$26,733$25,470$20,931
6 years$25,527$24,061$22,679$21,378$20,153$15,842
7 years$21,660$20,206$18,847$17,576$16,390$12,306
8 years$18,761$17,320$15,983$14,744$13,597$9,737
9 years$16,508$15,081$13,767$12,559$11,451$7,810
10 years$14,706$13,293$12,002$10,826$9,757$6,329
11 years$13,233$11,834$10,566$9,422$8,391$5,170
12 years$12,006$10,621$9,377$8,264$7,271$4,251
13 years$10,969$9,599$8,378$7,296$6,341$3,512
14 years$10,081$8,725$7,528$6,477$5,558$2,914
15 years$9,312$7,970$6,797$5,776$4,894$2,425
16 years$8,639$7,313$6,162$5,172$4,325$2,024
17 years$8,047$6,735$5,607$4,647$3,835$1,693
18 years$7,520$6,223$5,119$4,188$3,410$1,419
19 years$7,050$5,768$4,686$3,784$3,039$1,191
20 years$6,627$5,359$4,300$3,427$2,715$1,001
21 years$6,245$4,992$3,956$3,110$2,430$842
22 years$5,899$4,660$3,646$2,828$2,178$709
23 years$5,583$4,358$3,366$2,575$1,955$597
24 years$5,293$4,084$3,113$2,349$1,757$504
25 years$5,027$3,832$2,883$2,145$1,581$425
26 years$4,782$3,602$2,674$1,961$1,424$359
27 years$4,556$3,390$2,483$1,795$1,284$303
28 years$4,346$3,194$2,308$1,645$1,159$256
29 years$4,151$3,013$2,148$1,508$1,046$216
30 years$3,969$2,846$2,001$1,384$945$183
31 years$3,800$2,690$1,865$1,271$855$154
32 years$3,641$2,545$1,741$1,169$773$130
33 years$3,492$2,410$1,625$1,075$700$110
34 years$3,352$2,285$1,518$989$633$93
35 years$3,221$2,167$1,420$910$574$79
36 years$3,097$2,057$1,328$838$520$67
37 years$2,980$1,953$1,243$772$471$56
38 years$2,870$1,856$1,164$712$427$48
39 years$2,765$1,765$1,091$656$387$40
40 years$2,666$1,679$1,022$605$351$34
41 years$2,572$1,599$958$559$319$29
42 years$2,483$1,523$899$515$289$24
43 years$2,398$1,451$844$476$262$21
44 years$2,317$1,383$792$439$238$17
45 years$2,240$1,319$744$406$216$15
46 years$2,166$1,258$698$375$196$13
47 years$2,096$1,200$656$346$178$11
48 years$2,029$1,146$617$320$162$9
49 years$1,965$1,094$580$296$147$8
50 years$1,904$1,045$545$273$134$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,950,000, adding $4,239 every year, while hoping to spend $23,958 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: 53/41/6 Blend
48$1,950,000$1,950,000$1,950,000$1,950,000
49$2,153,273$2,049,923$2,019,698$2,264,200
50$2,347,415$2,124,878$2,061,866$2,414,718
51$2,560,557$2,202,703$2,104,645$2,575,391
52$2,794,612$2,283,513$2,148,028$2,749,602
53$3,051,686$2,367,428$2,192,010$2,938,632
54$3,334,100$2,454,574$2,236,585$3,143,890
55$3,644,411$2,545,081$2,281,743$3,366,926
56$3,985,436$2,639,085$2,327,477$3,609,443
57$4,360,279$2,736,729$2,373,775$3,873,314
58$4,772,357$2,838,159$2,420,627$4,160,598
59$5,225,439$2,943,530$2,468,020$4,473,561
60$5,723,674$3,053,003$2,515,938$4,814,696
61$6,271,634$3,166,745$2,564,367$5,186,743
62$6,874,356$3,284,931$2,613,289$5,592,719
63$7,537,391$3,407,743$2,662,685$6,035,943
64$8,266,853$3,535,371$2,712,533$6,520,067
65$9,069,481$3,668,014$2,762,812$7,049,111
66$9,952,699$3,805,877$2,813,497$7,627,497
67$10,924,686$3,949,177$2,864,561$8,260,094
68$11,994,455$4,098,138$2,915,975$8,952,262
69$13,171,938$4,252,994$2,967,708$9,709,900
70$14,468,076$4,413,991$3,019,727$10,539,501
71$15,894,927$4,581,385$3,071,995$11,448,217
72$17,465,777$4,755,440$3,124,474$12,443,918
73$19,195,265$4,936,435$3,177,123$13,535,273
74$21,099,522$5,124,660$3,229,897$14,731,825
75$23,196,323$5,320,418$3,282,748$16,044,082
76$25,505,254$5,524,025$3,335,626$17,483,617
77$28,047,898$5,735,810$3,388,477$19,063,174
78$30,848,036$5,956,117$3,441,244$20,796,789
79$33,931,875$6,185,306$3,493,865$22,699,916
80$37,328,291$6,423,751$3,546,275$24,789,580
81$41,069,106$6,671,844$3,598,404$27,084,531
82$45,189,384$6,929,994$3,650,180$29,605,418
83$49,727,765$7,198,626$3,701,524$32,374,989
84$54,726,825$7,478,187$3,752,353$35,418,299
85$60,233,484$7,769,142$3,802,580$38,762,946
86$66,299,446$8,071,976$3,852,113$42,439,329
87$72,981,683$8,387,196$3,900,852$46,480,939
88$80,342,978$8,715,333$3,948,694$50,924,665
89$88,452,517$9,056,939$3,995,530$55,811,146
90$97,386,536$9,412,592$4,041,243$61,185,152
91$107,229,050$9,782,895$4,085,712$67,096,003
92$118,072,636$10,168,480$4,128,806$73,598,034
93$130,019,313$10,570,004$4,170,390$80,751,106
94$143,181,505$10,988,157$4,210,320$88,621,167
95$157,683,098$11,423,655$4,248,444$97,280,874
96$173,660,610$11,877,251$4,284,604$106,810,277
97$191,264,485$12,349,729$4,318,631$117,297,569
98$210,660,506$12,841,909$4,350,348$128,839,920
99$232,031,363$13,354,648$4,379,570$141,544,389
100$255,578,377$13,888,840$4,406,101$155,528,934