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%17.9%
1 years$86,708$85,936$85,182$84,447$83,728$81,048
2 years$42,925$42,125$41,351$40,599$39,871$37,195
3 years$28,332$27,529$26,757$26,012$25,296$22,709
4 years$21,037$20,237$19,472$18,740$18,041$15,563
5 years$16,662$15,866$15,111$14,394$13,715$11,351
6 years$13,745$12,956$12,212$11,511$10,852$8,606
7 years$11,663$10,880$10,148$9,464$8,825$6,696
8 years$10,102$9,326$8,606$7,939$7,322$5,307
9 years$8,889$8,120$7,413$6,762$6,166$4,265
10 years$7,919$7,158$6,463$5,829$5,254$3,463
11 years$7,125$6,372$5,690$5,073$4,518$2,834
12 years$6,465$5,719$5,049$4,450$3,915$2,335
13 years$5,906$5,168$4,511$3,929$3,414$1,933
14 years$5,428$4,698$4,053$3,487$2,993$1,607
15 years$5,014$4,292$3,660$3,110$2,635$1,341
16 years$4,652$3,938$3,318$2,785$2,329$1,121
17 years$4,333$3,626$3,019$2,502$2,065$940
18 years$4,049$3,351$2,756$2,255$1,836$790
19 years$3,796$3,106$2,523$2,037$1,637$664
20 years$3,569$2,886$2,316$1,845$1,462$559
21 years$3,363$2,688$2,130$1,675$1,308$472
22 years$3,176$2,509$1,963$1,523$1,173$398
23 years$3,006$2,347$1,813$1,387$1,053$336
24 years$2,850$2,199$1,676$1,265$946$284
25 years$2,707$2,063$1,553$1,155$851$240
26 years$2,575$1,939$1,440$1,056$767$203
27 years$2,453$1,825$1,337$967$691$172
28 years$2,340$1,720$1,243$886$624$146
29 years$2,235$1,622$1,157$812$563$123
30 years$2,137$1,532$1,077$745$509$105
31 years$2,046$1,448$1,004$685$460$89
32 years$1,961$1,371$937$629$416$75
33 years$1,880$1,298$875$579$377$64
34 years$1,805$1,230$818$532$341$54
35 years$1,734$1,167$764$490$309$46
36 years$1,668$1,107$715$451$280$39
37 years$1,605$1,052$669$416$254$33
38 years$1,545$1,000$627$383$230$28
39 years$1,489$951$587$353$209$24
40 years$1,436$904$550$326$189$20
41 years$1,385$861$516$301$172$17
42 years$1,337$820$484$278$156$14
43 years$1,291$781$454$256$141$12
44 years$1,248$745$426$237$128$10
45 years$1,206$710$400$218$116$9
46 years$1,167$677$376$202$106$7
47 years$1,129$646$353$186$96$6
48 years$1,093$617$332$172$87$5
49 years$1,058$589$312$159$79$5
50 years$1,025$563$293$147$72$4

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 $6,195 every year, while hoping to spend $31,151 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: 71/12/17 Blend
47$1,050,000$1,050,000$1,050,000$1,050,000
48$1,163,490$1,107,840$1,091,565$1,241,039
49$1,249,022$1,128,980$1,094,988$1,314,543
50$1,342,233$1,150,111$1,097,482$1,390,660
51$1,443,876$1,171,201$1,098,982$1,473,196
52$1,554,775$1,192,214$1,099,422$1,562,781
53$1,675,840$1,213,110$1,098,730$1,660,110
54$1,808,071$1,233,849$1,096,834$1,765,947
55$1,952,571$1,254,384$1,093,654$1,881,136
56$2,110,553$1,274,668$1,089,111$2,006,604
57$2,283,351$1,294,649$1,083,118$2,143,376
58$2,472,437$1,314,271$1,075,586$2,292,580
59$2,679,429$1,333,474$1,066,422$2,455,458
60$2,906,111$1,352,194$1,055,527$2,633,380
61$3,154,446$1,370,363$1,042,799$2,827,857
62$3,426,596$1,387,907$1,028,130$3,040,551
63$3,724,943$1,404,749$1,011,406$3,273,297
64$4,052,110$1,420,804$992,511$3,528,115
65$4,410,985$1,435,983$971,320$3,807,233
66$4,804,751$1,450,192$947,704$4,113,107
67$5,236,912$1,463,327$921,528$4,448,441
68$5,711,328$1,475,282$892,651$4,816,219
69$6,232,253$1,485,941$860,925$5,219,727
70$6,804,371$1,495,180$826,194$5,662,587
71$7,432,843$1,502,869$788,297$6,148,794
72$8,123,353$1,508,870$747,065$6,682,748
73$8,882,165$1,513,034$702,321$7,269,299
74$9,716,177$1,515,205$653,881$7,913,794
75$10,632,992$1,515,214$601,551$8,622,125
76$11,640,983$1,512,886$545,129$9,400,788
77$12,749,378$1,508,032$484,405$10,256,941
78$13,968,340$1,500,451$419,158$11,198,473
79$15,309,071$1,489,933$349,160$12,234,081
80$16,783,909$1,476,252$274,169$13,373,348
81$18,406,449$1,459,171$193,936$14,626,839
82$20,191,672$1,438,435$108,198$16,006,195
83$22,156,082$1,413,778$16,682$17,524,251
84$24,317,866$1,384,916$0$19,195,148
85$26,697,059$1,351,549$0$21,049,163
86$29,315,742$1,313,357$0$23,092,973
87$32,198,242$1,270,005$0$25,342,540
88$35,371,363$1,221,137$0$27,818,791
89$38,864,643$1,166,374$0$30,544,789
90$42,710,629$1,105,317$0$33,545,948
91$46,945,181$1,037,546$0$36,850,273
92$51,607,816$962,612$0$40,488,628
93$56,742,078$880,046$0$44,495,020
94$62,395,949$789,346$0$48,906,930
95$68,622,299$689,987$0$53,765,657
96$75,479,388$581,412$0$59,116,714
97$83,031,416$463,031$0$65,010,258
98$91,349,123$334,223$0$71,501,561
99$100,510,465$194,331$0$78,651,531
100$110,601,341$42,662$0$86,527,291