Can I retire at age 49 with 1,990,000?

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 $1,990,000?

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$164,332$162,869$161,440$160,046$158,685$153,422
2 years$81,353$79,838$78,369$76,945$75,564$70,312
3 years$53,696$52,175$50,710$49,300$47,941$42,866
4 years$39,871$38,354$36,904$35,518$34,192$29,332
5 years$31,578$30,070$28,639$27,281$25,992$21,361
6 years$26,051$24,554$23,145$21,817$20,567$16,167
7 years$22,105$20,621$19,233$17,937$16,726$12,558
8 years$19,146$17,676$16,311$15,047$13,876$9,936
9 years$16,847$15,390$14,049$12,816$11,686$7,970
10 years$15,008$13,565$12,248$11,048$9,957$6,459
11 years$13,504$12,077$10,783$9,615$8,563$5,276
12 years$12,253$10,839$9,570$8,434$7,421$4,338
13 years$11,194$9,796$8,550$7,446$6,471$3,584
14 years$10,288$8,904$7,682$6,609$5,672$2,973
15 years$9,503$8,134$6,936$5,894$4,994$2,475
16 years$8,816$7,463$6,288$5,278$4,414$2,066
17 years$8,212$6,873$5,722$4,742$3,914$1,728
18 years$7,675$6,351$5,224$4,274$3,480$1,448
19 years$7,195$5,886$4,782$3,862$3,102$1,215
20 years$6,763$5,469$4,389$3,497$2,771$1,021
21 years$6,374$5,095$4,037$3,174$2,479$859
22 years$6,020$4,756$3,720$2,886$2,222$724
23 years$5,697$4,448$3,435$2,628$1,995$610
24 years$5,402$4,167$3,177$2,397$1,793$514
25 years$5,131$3,911$2,943$2,189$1,614$434
26 years$4,881$3,676$2,729$2,002$1,453$366
27 years$4,649$3,459$2,534$1,832$1,310$309
28 years$4,435$3,259$2,356$1,679$1,182$261
29 years$4,236$3,075$2,192$1,539$1,068$221
30 years$4,051$2,904$2,042$1,413$965$186
31 years$3,878$2,745$1,904$1,298$872$157
32 years$3,716$2,598$1,776$1,192$789$133
33 years$3,564$2,460$1,658$1,097$714$113
34 years$3,421$2,331$1,550$1,009$646$95
35 years$3,287$2,211$1,449$929$586$80
36 years$3,161$2,099$1,355$855$530$68
37 years$3,041$1,993$1,269$788$481$58
38 years$2,928$1,894$1,188$726$436$49
39 years$2,822$1,801$1,113$670$395$41
40 years$2,721$1,714$1,043$618$359$35
41 years$2,625$1,632$978$570$325$29
42 years$2,534$1,554$918$526$295$25
43 years$2,447$1,480$861$486$268$21
44 years$2,364$1,411$808$448$243$18
45 years$2,286$1,346$759$414$221$15
46 years$2,211$1,284$713$382$200$13
47 years$2,139$1,225$670$353$182$11
48 years$2,071$1,170$629$327$165$9
49 years$2,006$1,117$591$302$150$8
50 years$1,943$1,067$556$279$136$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,990,000, adding $6,763 every year, while hoping to spend $31,078 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: 46/28/26 Blend
48$1,990,000$1,990,000$1,990,000$1,990,000
49$2,199,956$2,094,486$2,063,641$2,284,431
50$2,391,285$2,164,049$2,099,706$2,414,320
51$2,601,087$2,235,979$2,135,938$2,551,608
52$2,831,216$2,310,359$2,172,309$2,699,960
53$3,083,709$2,387,276$2,208,791$2,860,425
54$3,360,813$2,466,818$2,245,351$3,034,161
55$3,665,002$2,549,079$2,281,957$3,222,441
56$3,999,003$2,634,154$2,318,573$3,426,664
57$4,365,817$2,722,143$2,355,160$3,648,372
58$4,768,752$2,813,150$2,391,680$3,889,261
59$5,211,451$2,907,281$2,428,088$4,151,198
60$5,697,928$3,004,647$2,464,338$4,436,238
61$6,232,606$3,105,364$2,500,383$4,746,644
62$6,820,356$3,209,551$2,536,170$5,084,906
63$7,466,546$3,317,332$2,571,645$5,453,767
64$8,177,088$3,428,836$2,606,749$5,856,246
65$8,958,497$3,544,195$2,641,421$6,295,670
66$9,817,951$3,663,548$2,675,596$6,775,699
67$10,763,359$3,787,038$2,709,205$7,300,366
68$11,803,433$3,914,815$2,742,176$7,874,114
69$12,947,775$4,047,033$2,774,430$8,501,832
70$14,206,962$4,183,852$2,805,888$9,188,908
71$15,592,649$4,325,438$2,836,462$9,941,277
72$17,117,679$4,471,963$2,866,063$10,765,476
73$18,796,201$4,623,608$2,894,595$11,668,703
74$20,643,806$4,780,558$2,921,957$12,658,890
75$22,677,675$4,943,006$2,948,043$13,744,774
76$24,916,736$5,111,152$2,972,741$14,935,981
77$27,381,849$5,285,204$2,995,933$16,243,112
78$30,095,997$5,465,378$3,017,496$17,677,850
79$33,084,506$5,651,899$3,037,299$19,253,063
80$36,375,282$5,844,998$3,055,206$20,982,930
81$39,999,077$6,044,919$3,071,071$22,883,071
82$43,989,774$6,251,911$3,084,743$24,970,695
83$48,384,712$6,466,236$3,096,063$27,264,766
84$53,225,035$6,688,165$3,104,864$29,786,173
85$58,556,082$6,917,977$3,110,970$32,557,936
86$64,427,811$7,155,967$3,114,196$35,605,416
87$70,895,275$7,402,437$3,114,349$38,956,558
88$78,019,139$7,657,702$3,111,226$42,642,152
89$85,866,253$7,922,091$3,104,613$46,696,125
90$94,510,280$8,195,943$3,094,287$51,155,859
91$104,032,397$8,479,613$3,080,014$56,062,544
92$114,522,056$8,773,468$3,061,548$61,461,568
93$126,077,827$9,077,889$3,038,632$67,402,942
94$138,808,334$9,393,275$3,010,995$73,941,774
95$152,833,277$9,720,037$2,978,356$81,138,787
96$168,284,557$10,058,606$2,940,417$89,060,892
97$185,307,531$10,409,426$2,896,870$97,781,819
98$204,062,373$10,772,962$2,847,389$107,382,816
99$224,725,594$11,149,696$2,791,635$117,953,408
100$247,491,702$11,540,128$2,729,252$129,592,249