Can I retire at age 49 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$163,507$162,050$160,629$159,242$157,888$151,924
2 years$80,944$79,436$77,975$76,559$75,185$69,245
3 years$53,427$51,913$50,455$49,052$47,700$41,972
4 years$39,671$38,161$36,718$35,339$34,020$28,547
5 years$31,419$29,919$28,495$27,144$25,862$20,658
6 years$25,920$24,431$23,028$21,707$20,463$15,533
7 years$21,994$20,517$19,137$17,847$16,642$11,983
8 years$19,050$17,587$16,229$14,971$13,806$9,414
9 years$16,762$15,313$13,978$12,752$11,627$7,495
10 years$14,932$13,497$12,187$10,992$9,907$6,028
11 years$13,437$12,016$10,729$9,567$8,520$4,887
12 years$12,191$10,785$9,522$8,391$7,383$3,985
13 years$11,138$9,746$8,507$7,408$6,438$3,266
14 years$10,236$8,859$7,644$6,576$5,644$2,687
15 years$9,455$8,093$6,901$5,865$4,969$2,218
16 years$8,772$7,425$6,257$5,251$4,392$1,835
17 years$8,170$6,838$5,693$4,718$3,894$1,521
18 years$7,636$6,319$5,197$4,252$3,463$1,264
19 years$7,159$5,856$4,758$3,842$3,086$1,051
20 years$6,729$5,442$4,367$3,480$2,757$875
21 years$6,342$5,069$4,016$3,158$2,467$729
22 years$5,989$4,732$3,702$2,871$2,211$608
23 years$5,668$4,425$3,418$2,615$1,985$508
24 years$5,375$4,146$3,161$2,385$1,784$424
25 years$5,105$3,891$2,928$2,178$1,605$354
26 years$4,856$3,657$2,715$1,992$1,446$296
27 years$4,626$3,442$2,521$1,823$1,304$248
28 years$4,413$3,243$2,344$1,670$1,176$207
29 years$4,215$3,059$2,181$1,532$1,062$173
30 years$4,030$2,889$2,032$1,406$960$145
31 years$3,858$2,731$1,894$1,291$868$121
32 years$3,697$2,584$1,767$1,186$785$102
33 years$3,546$2,448$1,650$1,091$710$85
34 years$3,404$2,320$1,542$1,004$643$71
35 years$3,270$2,200$1,441$924$583$60
36 years$3,145$2,088$1,348$851$528$50
37 years$3,026$1,983$1,262$784$478$42
38 years$2,914$1,885$1,182$723$434$35
39 years$2,808$1,792$1,107$666$393$29
40 years$2,707$1,705$1,038$615$357$25
41 years$2,612$1,623$973$567$324$21
42 years$2,521$1,546$913$523$294$17
43 years$2,435$1,473$857$483$267$14
44 years$2,353$1,404$804$446$242$12
45 years$2,274$1,339$755$412$220$10
46 years$2,200$1,277$709$381$199$8
47 years$2,129$1,219$666$352$181$7
48 years$2,060$1,164$626$325$164$6
49 years$1,995$1,111$588$300$149$5
50 years$1,933$1,061$553$278$136$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,980,000, adding $4,663 every year, while hoping to spend $24,977 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: 67/21/12 Blend
48$1,980,000$1,980,000$1,980,000$1,980,000
49$2,186,770$2,081,830$2,051,140$2,327,171
50$2,383,245$2,157,264$2,093,278$2,496,674
51$2,598,924$2,235,558$2,135,990$2,678,531
52$2,835,738$2,316,824$2,179,270$2,876,722
53$3,095,816$2,401,182$2,223,109$3,092,842
54$3,381,504$2,488,754$2,267,497$3,328,649
55$3,695,385$2,579,670$2,312,426$3,586,078
56$4,040,303$2,674,063$2,357,881$3,867,257
57$4,419,395$2,772,074$2,403,851$4,174,531
58$4,836,115$2,873,846$2,450,321$4,510,480
59$5,294,266$2,979,533$2,497,275$4,877,946
60$5,798,043$3,089,291$2,544,695$5,280,055
61$6,352,063$3,203,286$2,592,562$5,720,253
62$6,961,416$3,321,690$2,640,856$6,202,333
63$7,631,709$3,444,681$2,689,552$6,730,470
64$8,369,118$3,572,445$2,738,627$7,309,264
65$9,180,451$3,705,178$2,788,054$7,943,779
66$10,073,206$3,843,081$2,837,804$8,639,596
67$11,055,648$3,986,367$2,887,845$9,402,856
68$12,136,881$4,135,255$2,938,144$10,240,327
69$13,326,936$4,289,976$2,988,666$11,159,463
70$14,636,868$4,450,770$3,039,370$12,168,472
71$16,078,857$4,617,885$3,090,217$13,276,399
72$17,666,322$4,791,584$3,141,162$14,493,203
73$19,414,053$4,972,138$3,192,157$15,829,858
74$21,338,344$5,159,830$3,243,152$17,298,451
75$23,457,151$5,354,957$3,294,093$18,912,299
76$25,790,258$5,557,828$3,344,923$20,686,070
77$28,359,468$5,768,764$3,395,580$22,635,925
78$31,188,802$5,988,103$3,446,001$24,779,667
79$34,304,734$6,216,194$3,496,116$27,136,910
80$37,736,433$6,453,403$3,545,852$29,729,264
81$41,516,043$6,700,114$3,595,132$32,580,536
82$45,678,983$6,956,723$3,643,873$35,716,956
83$50,264,285$7,223,648$3,691,988$39,167,423
84$55,314,958$7,501,323$3,739,386$42,963,776
85$60,878,397$7,790,201$3,785,969$47,141,099
86$67,006,828$8,090,756$3,831,633$51,738,042
87$73,757,803$8,403,481$3,876,271$56,797,194
88$81,194,739$8,728,892$3,919,766$62,365,478
89$89,387,523$9,067,528$3,961,999$68,494,599
90$98,413,165$9,419,951$4,002,840$75,241,524
91$108,356,527$9,786,749$4,042,155$82,669,023
92$119,311,127$10,168,533$4,079,802$90,846,261
93$131,380,017$10,565,946$4,115,630$99,849,449
94$144,676,757$10,979,656$4,149,481$109,762,561
95$159,326,487$11,410,360$4,181,190$120,678,126
96$175,467,111$11,858,789$4,210,582$132,698,103
97$193,250,591$12,325,705$4,237,471$145,934,838
98$212,844,390$12,811,904$4,261,665$160,512,126
99$234,433,047$13,318,216$4,282,961$176,566,378
100$258,219,921$13,845,512$4,301,143$194,247,908