Can I retire at age 49 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$165,158$163,687$162,252$160,851$159,483$154,687
2 years$81,761$80,239$78,763$77,332$75,944$71,153
3 years$53,966$52,437$50,965$49,547$48,182$43,546
4 years$40,071$38,547$37,089$35,696$34,364$29,918
5 years$31,737$30,221$28,783$27,418$26,123$21,879
6 years$26,182$24,678$23,261$21,926$20,670$16,633
7 years$22,216$20,724$19,330$18,027$16,810$12,979
8 years$19,243$17,765$16,393$15,122$13,946$10,318
9 years$16,931$15,467$14,120$12,881$11,744$8,316
10 years$15,083$13,634$12,310$11,103$10,007$6,773
11 years$13,572$12,137$10,837$9,663$8,606$5,562
12 years$12,314$10,894$9,618$8,476$7,458$4,597
13 years$11,250$9,845$8,593$7,483$6,503$3,819
14 years$10,339$8,949$7,721$6,643$5,701$3,186
15 years$9,550$8,175$6,971$5,924$5,020$2,667
16 years$8,861$7,500$6,320$5,304$4,436$2,239
17 years$8,253$6,907$5,751$4,766$3,934$1,884
18 years$7,713$6,383$5,250$4,295$3,497$1,588
19 years$7,231$5,915$4,806$3,881$3,117$1,341
20 years$6,797$5,497$4,411$3,515$2,785$1,134
21 years$6,406$5,120$4,057$3,190$2,492$960
22 years$6,050$4,779$3,739$2,900$2,234$813
23 years$5,726$4,470$3,452$2,642$2,005$690
24 years$5,429$4,188$3,193$2,409$1,802$585
25 years$5,156$3,930$2,957$2,200$1,622$497
26 years$4,905$3,694$2,743$2,012$1,461$422
27 years$4,673$3,476$2,547$1,841$1,317$359
28 years$4,458$3,276$2,368$1,687$1,188$305
29 years$4,258$3,090$2,203$1,547$1,073$259
30 years$4,071$2,919$2,052$1,420$970$221
31 years$3,897$2,759$1,913$1,304$877$188
32 years$3,734$2,611$1,785$1,198$793$160
33 years$3,582$2,472$1,667$1,102$718$136
34 years$3,438$2,343$1,557$1,014$650$116
35 years$3,304$2,222$1,456$933$588$98
36 years$3,176$2,109$1,362$860$533$84
37 years$3,057$2,003$1,275$792$483$71
38 years$2,943$1,904$1,194$730$438$61
39 years$2,836$1,811$1,119$673$397$52
40 years$2,734$1,723$1,048$621$360$44
41 years$2,638$1,640$983$573$327$38
42 years$2,546$1,562$922$529$297$32
43 years$2,459$1,488$865$488$269$27
44 years$2,376$1,418$812$451$244$23
45 years$2,297$1,352$763$416$222$20
46 years$2,222$1,290$716$384$201$17
47 years$2,150$1,231$673$355$183$14
48 years$2,081$1,175$632$328$166$12
49 years$2,016$1,122$594$303$151$10
50 years$1,953$1,072$559$280$137$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $2,000,000, adding $4,333 every year, while hoping to spend $57,273 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: 31/42/27 Blend
48$2,000,000$2,000,000$2,000,000$2,000,000
49$2,208,469$2,102,469$2,071,469$2,258,523
50$2,372,795$2,144,552$2,079,926$2,339,566
51$2,551,963$2,186,778$2,086,746$2,421,398
52$2,747,426$2,229,092$2,091,814$2,508,350
53$2,960,783$2,271,438$2,095,010$2,600,911
54$3,193,796$2,313,752$2,096,206$2,699,618
55$3,448,404$2,355,966$2,095,269$2,805,068
56$3,726,739$2,398,007$2,092,059$2,917,917
57$4,031,153$2,439,796$2,086,430$3,038,893
58$4,364,233$2,481,247$2,078,227$3,168,799
59$4,728,826$2,522,270$2,067,289$3,308,524
60$5,128,070$2,562,765$2,053,447$3,459,048
61$5,565,419$2,602,627$2,036,524$3,621,455
62$6,044,679$2,641,742$2,016,334$3,796,945
63$6,570,037$2,679,989$1,992,682$3,986,839
64$7,146,110$2,717,237$1,965,366$4,192,601
65$7,777,978$2,753,347$1,934,171$4,415,846
66$8,471,241$2,788,169$1,898,874$4,658,358
67$9,232,063$2,821,546$1,859,242$4,922,109
68$10,067,237$2,853,305$1,815,031$5,209,276
69$10,984,244$2,883,266$1,765,983$5,522,264
70$11,991,326$2,911,235$1,711,832$5,863,727
71$13,097,561$2,937,005$1,652,298$6,236,598
72$14,312,950$2,960,356$1,587,088$6,644,116
73$15,648,510$2,981,053$1,515,895$7,089,856
74$17,116,381$2,998,847$1,438,401$7,577,765
75$18,729,934$3,013,473$1,354,269$8,112,202
76$20,503,901$3,024,647$1,263,151$8,697,977
77$22,454,514$3,032,069$1,164,681$9,340,401
78$24,599,654$3,035,420$1,058,478$10,045,336
79$26,959,024$3,034,361$944,142$10,819,253
80$29,554,331$3,028,532$821,258$11,669,292
81$32,409,493$3,017,550$689,389$12,603,335
82$35,550,860$3,001,009$548,083$13,630,078
83$39,007,468$2,978,479$396,865$14,759,119
84$42,811,309$2,949,503$235,238$16,001,047
85$46,997,631$2,913,598$62,688$17,367,547
86$51,605,275$2,870,249$0$18,871,512
87$56,677,036$2,818,914$0$20,562,154
88$62,260,069$2,759,016$0$22,441,722
89$68,406,333$2,689,946$0$24,509,620
90$75,173,083$2,611,057$0$26,785,118
91$82,623,404$2,521,665$0$29,289,467
92$90,826,811$2,421,047$0$32,046,094
93$99,859,905$2,308,437$0$35,080,827
94$109,807,089$2,183,025$0$38,422,144
95$120,761,374$2,043,954$0$42,101,438
96$132,825,245$1,890,318$0$46,153,321
97$146,111,636$1,721,161$0$50,615,950
98$160,744,993$1,535,468$0$55,531,388
99$176,862,447$1,332,170$0$60,946,011
100$194,615,107$1,110,137$0$66,910,941