Can I retire at age 48 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$86,708$85,936$85,182$84,447$83,728$82,038
2 years$42,925$42,125$41,351$40,599$39,871$38,175
3 years$28,332$27,529$26,757$26,012$25,296$23,648
4 years$21,037$20,237$19,472$18,740$18,041$16,453
5 years$16,662$15,866$15,111$14,394$13,715$12,192
6 years$13,745$12,956$12,212$11,511$10,852$9,395
7 years$11,663$10,880$10,148$9,464$8,825$7,436
8 years$10,102$9,326$8,606$7,939$7,322$5,998
9 years$8,889$8,120$7,413$6,762$6,166$4,908
10 years$7,919$7,158$6,463$5,829$5,254$4,060
11 years$7,125$6,372$5,690$5,073$4,518$3,388
12 years$6,465$5,719$5,049$4,450$3,915$2,846
13 years$5,906$5,168$4,511$3,929$3,414$2,405
14 years$5,428$4,698$4,053$3,487$2,993$2,041
15 years$5,014$4,292$3,660$3,110$2,635$1,738
16 years$4,652$3,938$3,318$2,785$2,329$1,486
17 years$4,333$3,626$3,019$2,502$2,065$1,273
18 years$4,049$3,351$2,756$2,255$1,836$1,093
19 years$3,796$3,106$2,523$2,037$1,637$940
20 years$3,569$2,886$2,316$1,845$1,462$810
21 years$3,363$2,688$2,130$1,675$1,308$699
22 years$3,176$2,509$1,963$1,523$1,173$604
23 years$3,006$2,347$1,813$1,387$1,053$522
24 years$2,850$2,199$1,676$1,265$946$452
25 years$2,707$2,063$1,553$1,155$851$392
26 years$2,575$1,939$1,440$1,056$767$339
27 years$2,453$1,825$1,337$967$691$294
28 years$2,340$1,720$1,243$886$624$255
29 years$2,235$1,622$1,157$812$563$222
30 years$2,137$1,532$1,077$745$509$192
31 years$2,046$1,448$1,004$685$460$167
32 years$1,961$1,371$937$629$416$145
33 years$1,880$1,298$875$579$377$126
34 years$1,805$1,230$818$532$341$110
35 years$1,734$1,167$764$490$309$95
36 years$1,668$1,107$715$451$280$83
37 years$1,605$1,052$669$416$254$72
38 years$1,545$1,000$627$383$230$63
39 years$1,489$951$587$353$209$55
40 years$1,436$904$550$326$189$47
41 years$1,385$861$516$301$172$41
42 years$1,337$820$484$278$156$36
43 years$1,291$781$454$256$141$31
44 years$1,248$745$426$237$128$27
45 years$1,206$710$400$218$116$24
46 years$1,167$677$376$202$106$21
47 years$1,129$646$353$186$96$18
48 years$1,093$617$332$172$87$16
49 years$1,058$589$312$159$79$14
50 years$1,025$563$293$147$72$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,050,000, adding $3,966 every year, while hoping to spend $36,883 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: 84/9/7 Blend
47$1,050,000$1,050,000$1,050,000$1,050,000
48$1,161,191$1,105,541$1,089,266$1,257,690
49$1,240,389$1,120,469$1,086,513$1,336,218
50$1,326,429$1,134,893$1,082,432$1,417,045
51$1,419,971$1,148,748$1,076,939$1,504,663
52$1,521,738$1,161,967$1,069,947$1,599,730
53$1,632,529$1,174,477$1,061,363$1,702,973
54$1,753,221$1,186,200$1,051,093$1,815,188
55$1,884,780$1,197,055$1,039,035$1,937,256
56$2,028,269$1,206,952$1,025,085$2,070,143
57$2,184,858$1,215,798$1,009,131$2,214,918
58$2,355,835$1,223,494$991,058$2,372,753
59$2,542,618$1,229,933$970,746$2,544,944
60$2,746,767$1,235,001$948,067$2,732,914
61$2,970,000$1,238,579$922,891$2,938,233
62$3,214,209$1,240,539$895,077$3,162,631
63$3,481,478$1,240,744$864,481$3,408,014
64$3,774,100$1,239,052$830,952$3,676,479
65$4,094,600$1,235,308$794,332$3,970,339
66$4,445,762$1,229,350$754,454$4,292,143
67$4,830,647$1,221,006$711,146$4,644,696
68$5,252,631$1,210,093$664,227$5,031,093
69$5,715,429$1,196,417$613,508$5,454,741
70$6,223,133$1,179,772$558,791$5,919,395
71$6,780,252$1,159,940$499,870$6,429,193
72$7,391,752$1,136,691$436,530$6,988,695
73$8,063,101$1,109,780$368,545$7,602,924
74$8,800,327$1,078,949$295,680$8,277,418
75$9,610,065$1,043,922$217,690$9,018,275
76$10,499,628$1,004,410$134,319$9,832,220
77$11,477,070$960,107$45,299$10,726,660
78$12,551,266$910,686$0$11,709,759
79$13,731,991$855,806$0$12,794,225
80$15,030,015$795,102$0$13,990,112
81$16,457,205$728,190$0$15,304,981
82$18,026,633$654,665$0$16,750,894
83$19,752,703$574,096$0$18,341,145
84$21,651,283$486,032$0$20,090,381
85$23,739,859$389,992$0$22,014,740
86$26,037,694$285,471$0$24,132,008
87$28,566,014$171,934$0$26,461,782
88$31,348,205$48,817$0$29,025,658
89$34,410,036$0$0$31,847,433
90$37,779,900$0$0$34,961,696
91$41,489,081$0$0$38,394,883
92$45,572,051$0$0$42,174,069
93$50,066,794$0$0$46,334,414
94$55,015,161$0$0$50,914,659
95$60,463,271$0$0$55,957,494
96$66,461,940$0$0$61,509,959
97$73,067,162$0$0$67,623,887
98$80,340,640$0$0$74,356,392
99$88,350,362$0$0$81,770,412
100$97,171,247$0$0$89,935,296