Can I retire at age 48 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$88,360$87,573$86,805$86,055$85,323$82,427
2 years$43,742$42,928$42,138$41,373$40,630$37,741
3 years$28,872$28,054$27,266$26,508$25,777$22,987
4 years$21,438$20,622$19,843$19,097$18,385$15,713
5 years$16,979$16,168$15,399$14,669$13,976$11,431
6 years$14,007$13,203$12,445$11,731$11,059$8,642
7 years$11,885$11,088$10,341$9,644$8,994$6,705
8 years$10,295$9,504$8,770$8,090$7,461$5,299
9 years$9,058$8,275$7,554$6,891$6,283$4,245
10 years$8,070$7,294$6,586$5,940$5,354$3,436
11 years$7,261$6,493$5,798$5,170$4,604$2,803
12 years$6,588$5,828$5,146$4,535$3,990$2,302
13 years$6,019$5,267$4,597$4,003$3,479$1,899
14 years$5,531$4,788$4,131$3,554$3,050$1,573
15 years$5,109$4,373$3,729$3,169$2,685$1,308
16 years$4,741$4,013$3,381$2,838$2,373$1,090
17 years$4,415$3,695$3,077$2,550$2,104$910
18 years$4,127$3,415$2,809$2,298$1,871$762
19 years$3,869$3,165$2,571$2,076$1,668$638
20 years$3,637$2,941$2,360$1,880$1,490$536
21 years$3,427$2,739$2,171$1,707$1,333$450
22 years$3,237$2,557$2,000$1,552$1,195$378
23 years$3,063$2,392$1,847$1,413$1,073$318
24 years$2,904$2,241$1,708$1,289$964$268
25 years$2,759$2,103$1,582$1,177$868$226
26 years$2,624$1,976$1,467$1,076$781$190
27 years$2,500$1,860$1,363$985$705$160
28 years$2,385$1,753$1,267$903$636$135
29 years$2,278$1,653$1,179$828$574$114
30 years$2,178$1,561$1,098$760$519$96
31 years$2,085$1,476$1,024$698$469$81
32 years$1,998$1,397$955$641$424$68
33 years$1,916$1,323$892$590$384$58
34 years$1,840$1,254$833$543$348$49
35 years$1,767$1,189$779$499$315$41
36 years$1,699$1,129$729$460$285$35
37 years$1,635$1,072$682$424$259$29
38 years$1,575$1,019$639$391$234$25
39 years$1,517$969$598$360$213$21
40 years$1,463$922$561$332$193$18
41 years$1,411$877$526$306$175$15
42 years$1,362$835$493$283$159$13
43 years$1,316$796$463$261$144$11
44 years$1,271$759$435$241$131$9
45 years$1,229$724$408$223$119$8
46 years$1,189$690$383$206$108$6
47 years$1,150$659$360$190$98$5
48 years$1,113$629$338$176$89$5
49 years$1,078$600$318$162$81$4
50 years$1,045$574$299$150$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,070,000, adding $5,826 every year, while hoping to spend $38,878 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: 58/29/13 Blend
47$1,070,000$1,070,000$1,070,000$1,070,000
48$1,185,150$1,128,440$1,111,855$1,249,699
49$1,264,669$1,142,367$1,107,736$1,307,890
50$1,350,996$1,155,674$1,102,176$1,366,470
51$1,444,785$1,168,289$1,095,086$1,429,405
52$1,546,753$1,180,136$1,086,372$1,497,120
53$1,657,693$1,191,133$1,075,936$1,570,083
54$1,778,473$1,201,194$1,063,675$1,648,809
55$1,910,051$1,210,226$1,049,482$1,733,867
56$2,053,480$1,218,132$1,033,244$1,825,887
57$2,209,921$1,224,806$1,014,843$1,925,561
58$2,380,648$1,230,136$994,156$2,033,655
59$2,567,067$1,234,006$971,052$2,151,013
60$2,770,724$1,236,288$945,399$2,278,568
61$2,993,321$1,236,849$917,053$2,417,348
62$3,236,732$1,235,548$885,867$2,568,488
63$3,503,021$1,232,232$851,686$2,733,240
64$3,794,460$1,226,742$814,348$2,912,986
65$4,113,551$1,218,909$773,685$3,109,251
66$4,463,050$1,208,551$729,519$3,323,718
67$4,845,989$1,195,479$681,667$3,558,243
68$5,265,711$1,179,488$629,933$3,814,874
69$5,725,896$1,160,365$574,118$4,095,872
70$6,230,596$1,137,883$514,011$4,403,730
71$6,784,277$1,111,799$449,390$4,741,198
72$7,391,855$1,081,859$380,027$5,111,310
73$8,058,747$1,047,793$305,680$5,517,416
74$8,790,920$1,009,315$226,101$5,963,207
75$9,594,944$966,122$141,026$6,452,757
76$10,478,061$917,894$50,182$6,990,560
77$11,448,245$864,293$0$7,581,572
78$12,514,282$804,960$0$8,237,747
79$13,685,852$739,516$0$8,966,478
80$14,973,619$667,562$0$9,767,491
81$16,389,330$588,674$0$10,648,165
82$17,945,928$502,406$0$11,616,637
83$19,657,673$408,284$0$12,681,878
84$21,540,275$305,810$0$13,853,777
85$23,611,045$194,456$0$15,143,236
86$25,889,054$73,667$0$16,562,278
87$28,395,314$0$0$18,124,152
88$31,152,979$0$0$19,861,705
89$34,187,558$0$0$21,799,710
90$37,527,159$0$0$23,932,624
91$41,202,752$0$0$26,280,239
92$45,248,461$0$0$28,864,365
93$49,701,889$0$0$31,709,034
94$54,604,465$0$0$34,840,724
95$60,001,844$0$0$38,288,614
96$65,944,329$0$0$42,084,854
97$72,487,349$0$0$46,264,871
98$79,691,983$0$0$50,867,702
99$87,625,534$0$0$55,936,361
100$96,362,164$0$0$61,518,249