Can I retire at age 49 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$162,681$161,232$159,818$158,438$157,091$153,045
2 years$80,535$79,035$77,582$76,172$74,805$70,756
3 years$53,157$51,650$50,200$48,804$47,459$43,533
4 years$39,470$37,968$36,533$35,161$33,848$30,076
5 years$31,260$29,768$28,351$27,007$25,731$22,123
6 years$25,789$24,308$22,912$21,598$20,360$16,919
7 years$21,883$20,413$19,040$17,757$16,558$13,285
8 years$18,954$17,498$16,147$14,896$13,737$10,630
9 years$16,677$15,235$13,908$12,688$11,568$8,625
10 years$14,857$13,429$12,125$10,937$9,857$7,073
11 years$13,369$11,955$10,675$9,518$8,477$5,849
12 years$12,129$10,730$9,474$8,349$7,346$4,870
13 years$11,082$9,697$8,464$7,371$6,406$4,076
14 years$10,184$8,814$7,605$6,543$5,615$3,426
15 years$9,407$8,052$6,866$5,835$4,944$2,890
16 years$8,728$7,388$6,225$5,225$4,370$2,445
17 years$8,129$6,804$5,665$4,694$3,875$2,074
18 years$7,598$6,287$5,171$4,231$3,445$1,763
19 years$7,122$5,827$4,734$3,823$3,071$1,501
20 years$6,695$5,414$4,345$3,462$2,743$1,280
21 years$6,310$5,043$3,996$3,142$2,454$1,093
22 years$5,959$4,708$3,683$2,857$2,200$934
23 years$5,640$4,403$3,401$2,602$1,975$799
24 years$5,347$4,125$3,145$2,373$1,775$684
25 years$5,079$3,871$2,913$2,167$1,597$586
26 years$4,831$3,639$2,702$1,982$1,439$502
27 years$4,603$3,424$2,509$1,814$1,297$430
28 years$4,391$3,227$2,332$1,662$1,170$369
29 years$4,194$3,044$2,170$1,524$1,057$317
30 years$4,010$2,875$2,022$1,399$955$272
31 years$3,839$2,718$1,885$1,285$863$233
32 years$3,678$2,571$1,758$1,180$781$200
33 years$3,528$2,435$1,642$1,086$707$172
34 years$3,387$2,308$1,534$999$640$148
35 years$3,254$2,189$1,434$919$580$127
36 years$3,129$2,078$1,342$847$525$109
37 years$3,011$1,973$1,256$780$476$94
38 years$2,899$1,875$1,176$719$432$81
39 years$2,793$1,783$1,102$663$391$69
40 years$2,693$1,697$1,033$612$355$60
41 years$2,598$1,615$968$564$322$51
42 years$2,508$1,538$908$521$292$44
43 years$2,422$1,466$852$481$265$38
44 years$2,341$1,397$800$444$241$33
45 years$2,263$1,332$751$410$219$28
46 years$2,189$1,271$706$379$198$24
47 years$2,118$1,213$663$350$180$21
48 years$2,050$1,158$623$323$164$18
49 years$1,985$1,106$586$299$149$15
50 years$1,923$1,056$550$276$135$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,970,000, adding $6,335 every year, while hoping to spend $30,889 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: 47/47/6 Blend
48$1,970,000$1,970,000$1,970,000$1,970,000
49$2,177,475$2,073,065$2,042,530$2,276,065
50$2,366,711$2,141,779$2,078,089$2,413,037
51$2,574,215$2,212,825$2,113,804$2,557,829
52$2,801,816$2,286,285$2,149,647$2,714,231
53$3,051,531$2,362,243$2,185,590$2,883,327
54$3,325,581$2,440,786$2,221,601$3,066,309
55$3,626,411$2,522,006$2,257,646$3,264,486
56$3,956,718$2,605,997$2,293,690$3,479,298
57$4,319,468$2,692,856$2,329,694$3,712,329
58$4,717,934$2,782,685$2,365,618$3,965,320
59$5,155,715$2,875,589$2,401,418$4,240,186
60$5,636,782$2,971,677$2,437,050$4,539,033
61$6,165,506$3,071,061$2,472,463$4,864,179
62$6,746,703$3,173,859$2,507,607$5,218,172
63$7,385,681$3,280,192$2,542,425$5,603,818
64$8,088,285$3,390,186$2,576,861$6,024,204
65$8,860,957$3,503,972$2,610,852$6,482,725
66$9,710,792$3,621,684$2,644,334$6,983,121
67$10,645,610$3,743,464$2,677,236$7,529,507
68$11,674,026$3,869,457$2,709,487$8,126,411
69$12,805,531$3,999,815$2,741,009$8,778,819
70$14,050,583$4,134,694$2,771,721$9,492,221
71$15,420,705$4,274,257$2,801,536$10,272,660
72$16,928,594$4,418,673$2,830,365$11,126,791
73$18,588,240$4,568,117$2,858,111$12,061,938
74$20,415,057$4,722,771$2,884,674$13,086,170
75$22,426,029$4,882,823$2,909,948$14,208,370
76$24,639,873$5,048,471$2,933,820$15,438,322
77$27,077,211$5,219,916$2,956,174$16,786,799
78$29,760,765$5,397,370$2,976,884$18,265,669
79$32,715,574$5,581,053$2,995,821$19,887,998
80$35,969,229$5,771,191$3,012,848$21,668,181
81$39,552,132$5,968,021$3,027,820$23,622,073
82$43,497,784$6,171,788$3,040,585$25,767,136
83$47,843,098$6,382,747$3,050,986$28,122,606
84$52,628,754$6,601,161$3,058,854$30,709,672
85$57,899,576$6,827,306$3,064,014$33,551,674
86$63,704,955$7,061,467$3,066,281$36,674,325
87$70,099,322$7,303,940$3,065,462$40,105,950
88$77,142,652$7,555,033$3,061,355$43,877,752
89$84,901,038$7,815,064$3,053,746$48,024,107
90$93,447,309$8,084,368$3,042,411$52,582,888
91$102,861,720$8,363,287$3,027,118$57,595,817
92$113,232,709$8,652,182$3,007,619$63,108,861
93$124,657,730$8,951,424$2,983,660$69,172,663
94$137,244,175$9,261,400$2,954,968$75,843,022
95$151,110,385$9,582,512$2,921,264$83,181,410
96$166,386,768$9,915,179$2,882,250$91,255,561
97$183,217,031$10,259,836$2,837,618$100,140,100
98$201,759,533$10,616,933$2,787,044$109,917,252
99$222,188,783$10,986,940$2,730,187$120,677,611
100$244,697,084$11,370,346$2,666,694$132,521,000