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

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 $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%14%
1 years$82,579$81,843$81,126$80,425$79,741$78,420
2 years$40,881$40,119$39,381$38,666$37,972$36,645
3 years$26,983$26,218$25,482$24,774$24,091$22,799
4 years$20,036$19,273$18,545$17,848$17,182$15,935
5 years$15,868$15,111$14,391$13,709$13,061$11,864
6 years$13,091$12,339$11,630$10,963$10,335$9,188
7 years$11,108$10,362$9,665$9,013$8,405$7,308
8 years$9,621$8,882$8,197$7,561$6,973$5,926
9 years$8,466$7,734$7,060$6,440$5,872$4,875
10 years$7,542$6,817$6,155$5,552$5,003$4,055
11 years$6,786$6,069$5,419$4,832$4,303$3,403
12 years$6,157$5,447$4,809$4,238$3,729$2,876
13 years$5,625$4,922$4,296$3,742$3,252$2,444
14 years$5,170$4,474$3,860$3,321$2,850$2,087
15 years$4,775$4,087$3,485$2,962$2,510$1,789
16 years$4,430$3,750$3,160$2,652$2,218$1,538
17 years$4,126$3,454$2,875$2,383$1,967$1,327
18 years$3,857$3,191$2,625$2,148$1,749$1,147
19 years$3,615$2,958$2,403$1,940$1,559$993
20 years$3,399$2,748$2,205$1,757$1,392$862
21 years$3,203$2,560$2,029$1,595$1,246$749
22 years$3,025$2,390$1,870$1,450$1,117$651
23 years$2,863$2,235$1,726$1,321$1,002$567
24 years$2,714$2,094$1,596$1,205$901$494
25 years$2,578$1,965$1,479$1,100$811$431
26 years$2,453$1,847$1,371$1,006$730$376
27 years$2,336$1,738$1,273$921$658$329
28 years$2,229$1,638$1,184$844$594$287
29 years$2,129$1,545$1,102$774$537$251
30 years$2,036$1,459$1,026$710$485$220
31 years$1,949$1,380$957$652$438$192
32 years$1,867$1,305$893$599$396$168
33 years$1,791$1,236$833$551$359$147
34 years$1,719$1,172$779$507$325$129
35 years$1,652$1,111$728$467$294$113
36 years$1,588$1,055$681$430$267$99
37 years$1,528$1,002$637$396$242$87
38 years$1,472$952$597$365$219$76
39 years$1,418$905$559$337$199$67
40 years$1,367$861$524$310$180$58
41 years$1,319$820$492$286$163$51
42 years$1,273$781$461$264$148$45
43 years$1,230$744$433$244$135$39
44 years$1,188$709$406$225$122$35
45 years$1,149$676$381$208$111$30
46 years$1,111$645$358$192$101$27
47 years$1,075$616$336$178$91$23
48 years$1,041$588$316$164$83$20
49 years$1,008$561$297$152$75$18
50 years$976$536$279$140$69$16

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 $5,212 every year, while hoping to spend $40,207 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: 46/41/13 Blend
47$1,000,000$1,000,000$1,000,000$1,000,000
48$1,107,376$1,054,376$1,038,876$1,154,022
49$1,177,549$1,063,261$1,030,899$1,195,780
50$1,253,531$1,071,233$1,021,306$1,236,533
51$1,335,874$1,078,206$1,010,002$1,279,854
52$1,425,182$1,084,087$996,886$1,325,995
53$1,522,120$1,088,777$981,852$1,375,238
54$1,627,420$1,092,171$964,788$1,427,893
55$1,741,888$1,094,158$945,579$1,484,305
56$1,866,407$1,094,619$924,103$1,544,855
57$2,001,954$1,093,428$900,233$1,609,967
58$2,149,599$1,090,452$873,837$1,680,108
59$2,310,523$1,085,549$844,775$1,755,797
60$2,486,023$1,078,568$812,902$1,837,608
61$2,677,529$1,069,349$778,066$1,926,176
62$2,886,614$1,057,724$740,108$2,022,205
63$3,115,008$1,043,512$698,861$2,126,472
64$3,364,618$1,026,523$654,152$2,239,840
65$3,637,543$1,006,556$605,800$2,363,260
66$3,936,092$983,398$553,614$2,497,787
67$4,262,811$956,821$497,398$2,644,587
68$4,620,499$926,588$436,942$2,804,949
69$5,012,243$892,443$372,033$2,980,299
70$5,441,439$854,120$302,443$3,172,213
71$5,911,828$811,334$227,937$3,382,436
72$6,427,531$763,786$148,269$3,612,892
73$6,993,086$711,158$63,183$3,865,713
74$7,613,490$653,114$0$4,143,250
75$8,294,249$589,300$0$4,451,938
76$9,041,428$519,341$0$4,800,419
77$9,861,706$442,841$0$5,183,136
78$10,762,441$359,381$0$5,603,639
79$11,751,738$268,519$0$6,065,845
80$12,838,526$169,788$0$6,574,082
81$14,032,643$62,694$0$7,133,121
82$15,344,923$0$0$7,748,233
83$16,787,307$0$0$8,449,272
84$18,372,945$0$0$9,251,156
85$20,116,329$0$0$10,132,945
86$22,033,422$0$0$11,102,728
87$24,141,813$0$0$12,169,421
88$26,460,880$0$0$13,342,843
89$29,011,976$0$0$14,633,818
90$31,818,624$0$0$16,054,266
91$34,906,745$0$0$17,617,326
92$38,304,896$0$0$19,337,473
93$42,044,545$0$0$21,230,654
94$46,160,363$0$0$23,314,444
95$50,690,554$0$0$25,608,206
96$55,677,213$0$0$28,133,275
97$61,166,721$0$0$30,913,162
98$67,210,188$0$0$33,973,772
99$73,863,929$0$0$37,343,650
100$81,189,998$0$0$41,054,248