The Cottagers held a two-goal advantage over Hull City on Saturday afternoon, before conceding twice in the final 15 minutes to draw 2-2.
The draw leaves Fulham one point from safety, with games against Stoke City and Crystal Palace remaining.
"It's not the result we wanted so we are disappointed," Magath told reporters following the game. "We were leading 2-0 so it seems we would get the three points but unfortunately we scored what was almost an own goal.
"After getting a goal they had some pressure and we took only one point. Besides the two goals we scored, we had two or three great chances to score again but we didn't manage it. We have lost two points we so have to win the next two games. We can do it."
Meanwhile, Hull are now six points clear of the drop zone.