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%12.1%
1 years$88,360$87,573$86,805$86,055$85,323$84,573
2 years$43,742$42,928$42,138$41,373$40,630$39,874
3 years$28,872$28,054$27,266$26,508$25,777$25,039
4 years$21,438$20,622$19,843$19,097$18,385$17,670
5 years$16,979$16,168$15,399$14,669$13,976$13,286
6 years$14,007$13,203$12,445$11,731$11,059$10,395
7 years$11,885$11,088$10,341$9,644$8,994$8,357
8 years$10,295$9,504$8,770$8,090$7,461$6,851
9 years$9,058$8,275$7,554$6,891$6,283$5,700
10 years$8,070$7,294$6,586$5,940$5,354$4,796
11 years$7,261$6,493$5,798$5,170$4,604$4,072
12 years$6,588$5,828$5,146$4,535$3,990$3,483
13 years$6,019$5,267$4,597$4,003$3,479$2,997
14 years$5,531$4,788$4,131$3,554$3,050$2,592
15 years$5,109$4,373$3,729$3,169$2,685$2,250
16 years$4,741$4,013$3,381$2,838$2,373$1,961
17 years$4,415$3,695$3,077$2,550$2,104$1,714
18 years$4,127$3,415$2,809$2,298$1,871$1,502
19 years$3,869$3,165$2,571$2,076$1,668$1,319
20 years$3,637$2,941$2,360$1,880$1,490$1,160
21 years$3,427$2,739$2,171$1,707$1,333$1,022
22 years$3,237$2,557$2,000$1,552$1,195$902
23 years$3,063$2,392$1,847$1,413$1,073$797
24 years$2,904$2,241$1,708$1,289$964$705
25 years$2,759$2,103$1,582$1,177$868$625
26 years$2,624$1,976$1,467$1,076$781$554
27 years$2,500$1,860$1,363$985$705$491
28 years$2,385$1,753$1,267$903$636$436
29 years$2,278$1,653$1,179$828$574$387
30 years$2,178$1,561$1,098$760$519$344
31 years$2,085$1,476$1,024$698$469$306
32 years$1,998$1,397$955$641$424$272
33 years$1,916$1,323$892$590$384$242
34 years$1,840$1,254$833$543$348$215
35 years$1,767$1,189$779$499$315$191
36 years$1,699$1,129$729$460$285$170
37 years$1,635$1,072$682$424$259$152
38 years$1,575$1,019$639$391$234$135
39 years$1,517$969$598$360$213$120
40 years$1,463$922$561$332$193$107
41 years$1,411$877$526$306$175$96
42 years$1,362$835$493$283$159$85
43 years$1,316$796$463$261$144$76
44 years$1,271$759$435$241$131$68
45 years$1,229$724$408$223$119$60
46 years$1,189$690$383$206$108$54
47 years$1,150$659$360$190$98$48
48 years$1,113$629$338$176$89$43
49 years$1,078$600$318$162$81$38
50 years$1,045$574$299$150$73$34

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 $4,805 every year, while hoping to spend $25,891 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: 69/5/26 Blend
47$1,070,000$1,070,000$1,070,000$1,070,000
48$1,184,096$1,127,386$1,110,801$1,257,574
49$1,277,326$1,155,080$1,120,465$1,335,164
50$1,379,198$1,183,264$1,129,585$1,416,625
51$1,490,566$1,211,933$1,138,116$1,505,175
52$1,612,369$1,241,084$1,146,009$1,601,518
53$1,745,645$1,270,711$1,153,214$1,706,425
54$1,891,532$1,300,807$1,159,678$1,820,750
55$2,051,286$1,331,364$1,165,345$1,945,432
56$2,226,290$1,362,374$1,170,157$2,081,507
57$2,418,066$1,393,825$1,174,052$2,230,113
58$2,628,291$1,425,705$1,176,965$2,392,510
59$2,858,812$1,458,000$1,178,828$2,570,082
60$3,111,663$1,490,694$1,179,571$2,764,355
61$3,389,084$1,523,769$1,179,118$2,977,014
62$3,693,543$1,557,206$1,177,391$3,209,911
63$4,027,759$1,590,983$1,174,308$3,465,090
64$4,394,724$1,625,076$1,169,781$3,744,804
65$4,797,739$1,659,457$1,163,721$4,051,536
66$5,240,435$1,694,097$1,156,033$4,388,021
67$5,726,816$1,728,965$1,146,617$4,757,274
68$6,261,292$1,764,025$1,135,369$5,162,619
69$6,848,720$1,799,238$1,122,180$5,607,718
70$7,494,452$1,834,563$1,106,936$6,096,608
71$8,204,385$1,869,955$1,089,517$6,633,737
72$8,985,013$1,905,364$1,069,797$7,224,010
73$9,843,495$1,940,738$1,047,646$7,872,830
74$10,787,716$1,976,018$1,022,926$8,586,153
75$11,826,362$2,011,143$995,493$9,370,544
76$12,969,007$2,046,045$965,199$10,233,237
77$14,226,198$2,080,652$931,884$11,182,206
78$15,609,553$2,114,888$895,386$12,226,239
79$17,131,878$2,148,667$855,531$13,375,020
80$18,807,280$2,181,902$812,142$14,639,226
81$20,651,303$2,214,496$765,029$16,030,619
82$22,681,075$2,246,346$713,997$17,562,166
83$24,915,469$2,277,341$658,840$19,248,156
84$27,375,281$2,307,365$599,345$21,104,338
85$30,083,424$2,336,290$535,288$23,148,070
86$33,065,147$2,363,982$466,434$25,398,480
87$36,348,273$2,390,298$392,540$27,876,650
88$39,963,457$2,415,083$313,351$30,605,814
89$43,944,481$2,438,174$228,600$33,611,581
90$48,328,570$2,459,396$138,010$36,922,169
91$53,156,741$2,478,563$41,290$40,568,682
92$58,474,193$2,495,477$0$44,585,395
93$64,330,732$2,509,927$0$49,027,265
94$70,781,242$2,521,688$0$53,932,085
95$77,886,200$2,530,522$0$59,334,361
96$85,712,249$2,536,175$0$65,284,752
97$94,332,828$2,538,377$0$71,839,086
98$103,828,861$2,536,842$0$79,058,879
99$114,289,523$2,531,266$0$87,011,922
100$125,813,081$2,521,324$0$95,772,918