Can I retire at age 49 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$161,855$160,413$159,007$157,634$156,293$150,808
2 years$80,126$78,634$77,188$75,785$74,425$68,956
3 years$52,887$51,388$49,946$48,556$47,218$41,938
4 years$39,270$37,776$36,348$34,982$33,677$28,625
5 years$31,102$29,617$28,207$26,870$25,600$20,791
6 years$25,658$24,184$22,796$21,488$20,257$15,693
7 years$21,771$20,310$18,943$17,666$16,474$12,155
8 years$18,858$17,409$16,065$14,820$13,667$9,589
9 years$16,593$15,158$13,837$12,623$11,510$7,668
10 years$14,782$13,361$12,064$10,881$9,807$6,194
11 years$13,301$11,894$10,621$9,470$8,434$5,044
12 years$12,068$10,676$9,425$8,307$7,309$4,133
13 years$11,025$9,648$8,421$7,333$6,373$3,403
14 years$10,132$8,770$7,566$6,510$5,587$2,814
15 years$9,359$8,011$6,831$5,806$4,919$2,334
16 years$8,684$7,350$6,194$5,198$4,348$1,941
17 years$8,088$6,769$5,636$4,671$3,855$1,617
18 years$7,559$6,255$5,145$4,209$3,428$1,350
19 years$7,086$5,797$4,710$3,803$3,055$1,129
20 years$6,661$5,387$4,323$3,445$2,729$945
21 years$6,278$5,018$3,976$3,126$2,442$792
22 years$5,929$4,684$3,664$2,842$2,189$664
23 years$5,611$4,381$3,383$2,589$1,965$558
24 years$5,320$4,104$3,129$2,361$1,766$468
25 years$5,053$3,852$2,898$2,156$1,589$394
26 years$4,807$3,620$2,688$1,972$1,431$331
27 years$4,579$3,407$2,496$1,805$1,291$278
28 years$4,368$3,210$2,320$1,653$1,165$234
29 years$4,172$3,029$2,159$1,516$1,052$197
30 years$3,990$2,860$2,011$1,392$950$166
31 years$3,819$2,704$1,875$1,278$859$139
32 years$3,660$2,558$1,749$1,174$777$117
33 years$3,510$2,423$1,633$1,080$703$99
34 years$3,370$2,296$1,526$994$637$83
35 years$3,237$2,178$1,427$915$577$70
36 years$3,113$2,067$1,335$843$522$59
37 years$2,995$1,963$1,249$776$474$50
38 years$2,884$1,866$1,170$715$429$42
39 years$2,779$1,774$1,096$660$389$35
40 years$2,680$1,688$1,027$608$353$30
41 years$2,585$1,607$963$561$320$25
42 years$2,495$1,530$904$518$291$21
43 years$2,410$1,458$848$478$264$18
44 years$2,329$1,390$796$442$239$15
45 years$2,251$1,325$747$408$217$13
46 years$2,178$1,264$702$377$197$11
47 years$2,107$1,207$660$348$179$9
48 years$2,040$1,152$620$322$163$8
49 years$1,975$1,100$583$297$148$6
50 years$1,914$1,051$548$275$134$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,960,000, adding $5,828 every year, while hoping to spend $34,010 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: 57/13/30 Blend
48$1,960,000$1,960,000$1,960,000$1,960,000
49$2,165,932$2,062,052$2,031,672$2,271,182
50$2,350,670$2,126,906$2,063,546$2,409,097
51$2,553,112$2,193,798$2,095,349$2,555,326
52$2,775,028$2,262,792$2,127,041$2,714,043
53$3,018,366$2,333,954$2,158,582$2,886,467
54$3,285,273$2,407,352$2,189,929$3,073,944
55$3,578,115$2,483,056$2,221,035$3,277,954
56$3,899,495$2,561,138$2,251,852$3,500,128
57$4,252,283$2,641,674$2,282,329$3,742,263
58$4,639,640$2,724,739$2,312,410$4,006,337
59$5,065,045$2,810,414$2,342,039$4,294,530
60$5,532,336$2,898,780$2,371,153$4,609,243
61$6,045,735$2,989,921$2,399,687$4,953,122
62$6,609,898$3,083,925$2,427,575$5,329,081
63$7,229,952$3,180,882$2,454,743$5,740,330
64$7,911,545$3,280,883$2,481,115$6,190,407
65$8,660,902$3,384,025$2,506,611$6,683,209
66$9,484,877$3,490,406$2,531,146$7,223,031
67$10,391,026$3,600,127$2,554,631$7,814,603
68$11,387,671$3,713,293$2,576,971$8,463,138
69$12,483,981$3,830,013$2,598,068$9,174,381
70$13,690,060$3,950,397$2,617,816$9,954,661
71$15,017,040$4,074,560$2,636,107$10,810,951
72$16,477,186$4,202,621$2,652,824$11,750,937
73$18,084,011$4,334,701$2,667,845$12,783,085
74$19,852,406$4,470,928$2,681,044$13,916,728
75$21,798,778$4,611,430$2,692,286$15,162,147
76$23,941,205$4,756,341$2,701,429$16,530,672
77$26,299,606$4,905,800$2,708,325$18,034,788
78$28,895,931$5,059,950$2,712,819$19,688,255
79$31,754,365$5,218,936$2,714,747$21,506,232
80$34,901,556$5,382,910$2,713,938$23,505,429
81$38,366,872$5,552,029$2,710,211$25,704,254
82$42,182,668$5,726,454$2,703,378$28,122,999
83$46,384,600$5,906,350$2,693,241$30,784,019
84$51,011,957$6,091,889$2,679,593$33,711,954
85$56,108,032$6,283,247$2,662,215$36,933,954
86$61,720,532$6,480,607$2,640,880$40,479,941
87$67,902,026$6,684,157$2,615,349$44,382,886
88$74,710,441$6,894,089$2,585,372$48,679,126
89$82,209,611$7,110,603$2,550,686$53,408,702
90$90,469,874$7,333,907$2,511,018$58,615,741
91$99,568,744$7,564,210$2,466,079$64,348,873
92$109,591,633$7,801,734$2,415,570$70,661,684
93$120,632,663$8,046,702$2,359,175$77,613,230
94$132,795,553$8,299,349$2,296,566$85,268,592
95$146,194,596$8,559,914$2,227,397$93,699,487
96$160,955,739$8,828,644$2,151,309$102,984,950
97$177,217,771$9,105,794$2,067,925$113,212,079
98$195,133,634$9,391,629$1,976,851$124,476,856
99$214,871,864$9,686,418$1,877,675$136,885,055
100$236,618,184$9,990,441$1,769,966$150,553,241