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%17.3%
1 years$86,708$85,936$85,182$84,447$83,728$81,244
2 years$42,925$42,125$41,351$40,599$39,871$37,388
3 years$28,332$27,529$26,757$26,012$25,296$22,892
4 years$21,037$20,237$19,472$18,740$18,041$15,736
5 years$16,662$15,866$15,111$14,394$13,715$11,514
6 years$13,745$12,956$12,212$11,511$10,852$8,758
7 years$11,663$10,880$10,148$9,464$8,825$6,838
8 years$10,102$9,326$8,606$7,939$7,322$5,439
9 years$8,889$8,120$7,413$6,762$6,166$4,386
10 years$7,919$7,158$6,463$5,829$5,254$3,575
11 years$7,125$6,372$5,690$5,073$4,518$2,938
12 years$6,465$5,719$5,049$4,450$3,915$2,429
13 years$5,906$5,168$4,511$3,929$3,414$2,020
14 years$5,428$4,698$4,053$3,487$2,993$1,686
15 years$5,014$4,292$3,660$3,110$2,635$1,412
16 years$4,652$3,938$3,318$2,785$2,329$1,186
17 years$4,333$3,626$3,019$2,502$2,065$999
18 years$4,049$3,351$2,756$2,255$1,836$843
19 years$3,796$3,106$2,523$2,037$1,637$712
20 years$3,569$2,886$2,316$1,845$1,462$603
21 years$3,363$2,688$2,130$1,675$1,308$511
22 years$3,176$2,509$1,963$1,523$1,173$433
23 years$3,006$2,347$1,813$1,387$1,053$367
24 years$2,850$2,199$1,676$1,265$946$312
25 years$2,707$2,063$1,553$1,155$851$265
26 years$2,575$1,939$1,440$1,056$767$225
27 years$2,453$1,825$1,337$967$691$192
28 years$2,340$1,720$1,243$886$624$163
29 years$2,235$1,622$1,157$812$563$139
30 years$2,137$1,532$1,077$745$509$118
31 years$2,046$1,448$1,004$685$460$101
32 years$1,961$1,371$937$629$416$86
33 years$1,880$1,298$875$579$377$73
34 years$1,805$1,230$818$532$341$62
35 years$1,734$1,167$764$490$309$53
36 years$1,668$1,107$715$451$280$45
37 years$1,605$1,052$669$416$254$38
38 years$1,545$1,000$627$383$230$33
39 years$1,489$951$587$353$209$28
40 years$1,436$904$550$326$189$24
41 years$1,385$861$516$301$172$20
42 years$1,337$820$484$278$156$17
43 years$1,291$781$454$256$141$15
44 years$1,248$745$426$237$128$13
45 years$1,206$710$400$218$116$11
46 years$1,167$677$376$202$106$9
47 years$1,129$646$353$186$96$8
48 years$1,093$617$332$172$87$7
49 years$1,058$589$312$159$79$6
50 years$1,025$563$293$147$72$5

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 $6,445 every year, while hoping to spend $38,215 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: 51/20/29 Blend
47$1,050,000$1,050,000$1,050,000$1,050,000
48$1,163,748$1,108,098$1,091,823$1,213,289
49$1,241,790$1,121,734$1,087,739$1,262,171
50$1,326,511$1,134,758$1,082,237$1,310,961
51$1,418,553$1,147,099$1,075,229$1,363,273
52$1,518,620$1,158,681$1,066,624$1,419,462
53$1,627,488$1,169,426$1,056,325$1,479,916
54$1,746,011$1,179,247$1,044,231$1,545,068
55$1,875,128$1,188,054$1,030,236$1,615,394
56$2,015,872$1,195,749$1,014,230$1,691,422
57$2,169,380$1,202,230$996,096$1,773,736
58$2,336,905$1,207,387$975,713$1,862,978
59$2,519,824$1,211,104$952,954$1,959,862
60$2,719,654$1,213,256$927,687$2,065,174
61$2,938,065$1,213,712$899,771$2,179,783
62$3,176,897$1,212,333$869,061$2,304,651
63$3,438,171$1,208,968$835,406$2,440,837
64$3,724,119$1,203,462$798,647$2,589,514
65$4,037,194$1,195,647$758,616$2,751,977
66$4,380,099$1,185,344$715,141$2,929,655
67$4,755,810$1,172,367$668,039$3,124,128
68$5,167,606$1,156,516$617,122$3,337,139
69$5,619,095$1,137,579$562,189$3,570,613
70$6,114,256$1,115,333$503,035$3,826,677
71$6,657,465$1,089,540$439,442$4,107,676
72$7,253,548$1,059,949$371,185$4,416,202
73$7,907,818$1,026,295$298,027$4,755,115
74$8,626,127$988,295$219,723$5,127,570
75$9,414,923$945,652$136,014$5,537,053
76$10,281,307$898,051$46,633$5,987,408
77$11,233,103$845,158$0$6,482,878
78$12,278,930$786,621$0$7,043,231
79$13,428,283$722,068$0$7,674,929
80$14,691,623$651,104$0$8,369,322
81$16,080,473$573,313$0$9,132,798
82$17,607,531$488,255$0$9,972,402
83$19,286,784$395,464$0$10,895,895
84$21,133,645$294,451$0$11,911,836
85$23,165,093$184,695$0$13,029,658
86$25,399,837$65,649$0$14,259,761
87$27,858,490$0$0$15,613,606
88$30,563,763$0$0$17,117,753
89$33,540,681$0$0$18,788,960
90$36,816,816$0$0$20,628,274
91$40,422,549$0$0$22,652,767
92$44,391,355$0$0$24,881,252
93$48,760,119$0$0$27,334,456
94$53,569,483$0$0$30,035,219
95$58,864,232$0$0$33,008,708
96$64,693,710$0$0$36,282,656
97$71,112,293$0$0$39,887,618
98$78,179,896$0$0$43,857,266
99$85,962,540$0$0$48,228,704
100$94,532,976$0$0$53,042,815