Can I retire at age 48 with 1,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$82,579$81,843$81,126$80,425$79,741$77,220
2 years$40,881$40,119$39,381$38,666$37,972$35,454
3 years$26,983$26,218$25,482$24,774$24,091$21,656
4 years$20,036$19,273$18,545$17,848$17,182$14,849
5 years$15,868$15,111$14,391$13,709$13,061$10,836
6 years$13,091$12,339$11,630$10,963$10,335$8,220
7 years$11,108$10,362$9,665$9,013$8,405$6,399
8 years$9,621$8,882$8,197$7,561$6,973$5,075
9 years$8,466$7,734$7,060$6,440$5,872$4,081
10 years$7,542$6,817$6,155$5,552$5,003$3,315
11 years$6,786$6,069$5,419$4,832$4,303$2,715
12 years$6,157$5,447$4,809$4,238$3,729$2,238
13 years$5,625$4,922$4,296$3,742$3,252$1,854
14 years$5,170$4,474$3,860$3,321$2,850$1,543
15 years$4,775$4,087$3,485$2,962$2,510$1,288
16 years$4,430$3,750$3,160$2,652$2,218$1,078
17 years$4,126$3,454$2,875$2,383$1,967$904
18 years$3,857$3,191$2,625$2,148$1,749$760
19 years$3,615$2,958$2,403$1,940$1,559$640
20 years$3,399$2,748$2,205$1,757$1,392$539
21 years$3,203$2,560$2,029$1,595$1,246$455
22 years$3,025$2,390$1,870$1,450$1,117$385
23 years$2,863$2,235$1,726$1,321$1,002$325
24 years$2,714$2,094$1,596$1,205$901$275
25 years$2,578$1,965$1,479$1,100$811$233
26 years$2,453$1,847$1,371$1,006$730$197
27 years$2,336$1,738$1,273$921$658$167
28 years$2,229$1,638$1,184$844$594$141
29 years$2,129$1,545$1,102$774$537$120
30 years$2,036$1,459$1,026$710$485$102
31 years$1,949$1,380$957$652$438$86
32 years$1,867$1,305$893$599$396$73
33 years$1,791$1,236$833$551$359$62
34 years$1,719$1,172$779$507$325$53
35 years$1,652$1,111$728$467$294$45
36 years$1,588$1,055$681$430$267$38
37 years$1,528$1,002$637$396$242$32
38 years$1,472$952$597$365$219$27
39 years$1,418$905$559$337$199$23
40 years$1,367$861$524$310$180$20
41 years$1,319$820$492$286$163$17
42 years$1,273$781$461$264$148$14
43 years$1,230$744$433$244$135$12
44 years$1,188$709$406$225$122$10
45 years$1,149$676$381$208$111$9
46 years$1,111$645$358$192$101$7
47 years$1,075$616$336$178$91$6
48 years$1,041$588$316$164$83$5
49 years$1,008$561$297$152$75$4
50 years$976$536$279$140$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,000,000, adding $6,408 every year, while hoping to spend $26,807 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: 90/5/5 Blend
47$1,000,000$1,000,000$1,000,000$1,000,000
48$1,108,610$1,055,610$1,040,110$1,208,000
49$1,193,166$1,078,812$1,046,431$1,296,776
50$1,285,448$1,102,253$1,052,066$1,389,908
51$1,386,216$1,125,916$1,056,962$1,491,433
52$1,496,306$1,149,782$1,061,067$1,602,176
53$1,616,640$1,173,832$1,064,323$1,723,047
54$1,748,230$1,198,043$1,066,671$1,855,047
55$1,892,193$1,222,391$1,068,048$1,999,279
56$2,049,759$1,246,850$1,068,390$2,156,957
57$2,222,280$1,271,391$1,067,626$2,329,418
58$2,411,247$1,295,983$1,065,686$2,518,135
59$2,618,300$1,320,593$1,062,493$2,724,730
60$2,845,248$1,345,183$1,057,967$2,950,991
61$3,094,081$1,369,715$1,052,027$3,198,884
62$3,366,991$1,394,144$1,044,584$3,470,578
63$3,666,393$1,418,427$1,035,546$3,768,461
64$3,994,947$1,442,512$1,024,820$4,095,163
65$4,355,584$1,466,347$1,012,303$4,453,582
66$4,751,529$1,489,874$997,891$4,846,912
67$5,186,339$1,513,031$981,474$5,278,668
68$5,663,929$1,535,753$962,937$5,752,727
69$6,188,614$1,557,969$942,159$6,273,356
70$6,765,145$1,579,603$919,015$6,845,259
71$7,398,760$1,600,573$893,372$7,473,619
72$8,095,226$1,620,794$865,092$8,164,143
73$8,860,898$1,640,172$834,032$8,923,124
74$9,702,778$1,658,608$800,039$9,757,492
75$10,628,578$1,675,996$762,957$10,674,883
76$11,646,797$1,692,225$722,621$11,683,713
77$12,766,799$1,707,173$678,857$12,793,253
78$13,998,900$1,720,712$631,487$14,013,718
79$15,354,467$1,732,706$580,321$15,356,367
80$16,846,024$1,743,009$525,163$16,833,601
81$18,487,370$1,751,468$465,807$18,459,090
82$20,293,709$1,757,917$402,038$20,247,892
83$22,281,794$1,762,182$333,634$22,216,604
84$24,470,085$1,764,077$260,359$24,383,511
85$26,878,922$1,763,404$181,968$26,768,764
86$29,530,715$1,759,955$98,208$29,394,567
87$32,450,162$1,753,506$8,811$32,285,388
88$35,664,472$1,743,822$0$35,468,188
89$39,203,630$1,730,651$0$38,977,297
90$43,100,676$1,713,728$0$42,841,636
91$47,392,016$1,692,772$0$47,096,830
92$52,117,767$1,667,484$0$51,782,651
93$57,322,136$1,637,548$0$56,942,924
94$63,053,834$1,602,627$0$62,625,946
95$69,366,538$1,562,368$0$68,884,934
96$76,319,395$1,516,395$0$75,778,533
97$83,977,584$1,464,309$0$83,371,364
98$92,412,927$1,405,690$0$91,734,638
99$101,704,569$1,340,092$0$100,946,830
100$111,939,721$1,267,043$0$111,094,410