Can I retire at age 48 with 1,080,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$89,185$88,391$87,616$86,859$86,121$83,801
2 years$44,151$43,329$42,532$41,759$41,010$38,689
3 years$29,142$28,316$27,521$26,756$26,018$23,770
4 years$21,638$20,815$20,028$19,276$18,557$16,397
5 years$17,138$16,319$15,543$14,806$14,106$12,042
6 years$14,138$13,326$12,561$11,840$11,162$9,194
7 years$11,997$11,191$10,438$9,735$9,078$7,207
8 years$10,391$9,593$8,852$8,166$7,531$5,757
9 years$9,143$8,352$7,625$6,956$6,342$4,662
10 years$8,145$7,362$6,647$5,996$5,404$3,816
11 years$7,329$6,554$5,852$5,218$4,647$3,150
12 years$6,650$5,883$5,194$4,577$4,027$2,617
13 years$6,075$5,316$4,640$4,041$3,512$2,186
14 years$5,583$4,832$4,169$3,587$3,078$1,834
15 years$5,157$4,414$3,764$3,199$2,711$1,544
16 years$4,785$4,050$3,413$2,864$2,396$1,303
17 years$4,457$3,730$3,106$2,574$2,124$1,103
18 years$4,165$3,447$2,835$2,319$1,889$936
19 years$3,905$3,194$2,595$2,096$1,683$795
20 years$3,671$2,968$2,382$1,898$1,504$676
21 years$3,459$2,765$2,191$1,723$1,346$576
22 years$3,267$2,581$2,019$1,566$1,206$491
23 years$3,092$2,414$1,864$1,426$1,083$419
24 years$2,932$2,262$1,724$1,301$973$358
25 years$2,784$2,122$1,597$1,188$876$306
26 years$2,649$1,995$1,481$1,086$789$261
27 years$2,523$1,877$1,375$994$711$224
28 years$2,407$1,769$1,279$911$642$191
29 years$2,299$1,669$1,190$835$579$164
30 years$2,198$1,576$1,108$767$524$140
31 years$2,104$1,490$1,033$704$473$120
32 years$2,017$1,410$964$647$428$103
33 years$1,934$1,335$900$595$387$88
34 years$1,857$1,265$841$548$351$76
35 years$1,784$1,200$786$504$318$65
36 years$1,715$1,139$736$464$288$55
37 years$1,651$1,082$688$428$261$48
38 years$1,589$1,028$645$394$237$41
39 years$1,531$978$604$364$215$35
40 years$1,477$930$566$335$195$30
41 years$1,424$885$531$309$177$26
42 years$1,375$843$498$285$160$22
43 years$1,328$803$467$264$145$19
44 years$1,283$766$439$243$132$16
45 years$1,241$730$412$225$120$14
46 years$1,200$697$387$208$109$12
47 years$1,161$665$363$192$99$10
48 years$1,124$635$341$177$90$9
49 years$1,088$606$321$164$81$8
50 years$1,054$579$302$151$74$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,080,000, adding $5,955 every year, while hoping to spend $43,652 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: 23/49/28 Blend
47$1,080,000$1,080,000$1,080,000$1,080,000
48$1,196,303$1,139,063$1,122,323$1,213,133
49$1,271,880$1,148,431$1,113,475$1,237,534
50$1,353,703$1,156,796$1,102,868$1,259,586
51$1,442,364$1,164,061$1,090,397$1,282,269
52$1,538,511$1,170,126$1,075,951$1,305,664
53$1,642,859$1,174,883$1,059,415$1,329,863
54$1,756,194$1,178,216$1,040,669$1,354,972
55$1,879,381$1,180,004$1,019,587$1,381,110
56$2,013,371$1,180,117$996,037$1,408,415
57$2,159,211$1,178,418$969,879$1,437,040
58$2,318,051$1,174,761$940,971$1,467,161
59$2,491,158$1,168,991$909,159$1,498,975
60$2,679,927$1,160,942$874,287$1,532,706
61$2,885,894$1,150,442$836,189$1,568,605
62$3,110,745$1,137,304$794,693$1,606,955
63$3,356,343$1,121,334$749,616$1,648,075
64$3,624,732$1,102,322$700,771$1,692,322
65$3,918,168$1,080,048$647,960$1,740,098
66$4,239,131$1,054,281$590,976$1,791,851
67$4,590,354$1,024,772$529,605$1,848,086
68$4,974,844$991,260$463,622$1,909,364
69$5,395,915$953,469$392,790$1,976,317
70$5,857,216$911,105$316,865$2,049,646
71$6,362,762$863,860$235,591$2,130,138
72$6,916,980$811,405$148,699$2,218,667
73$7,524,742$753,395$55,911$2,316,211
74$8,191,416$689,461$0$2,423,857
75$8,922,915$619,219$0$2,555,697
76$9,725,749$542,258$0$2,718,863
77$10,607,092$458,145$0$2,898,228
78$11,574,846$366,425$0$3,095,559
79$12,637,714$266,614$0$3,312,813
80$13,805,286$158,202$0$3,552,159
81$15,088,123$40,652$0$3,815,995
82$16,497,862$0$0$4,106,978
83$18,047,324$0$0$4,474,746
84$19,750,631$0$0$4,903,331
85$21,623,344$0$0$5,374,755
86$23,682,605$0$0$5,893,359
87$25,947,301$0$0$6,463,928
88$28,438,242$0$0$7,091,733
89$31,178,355$0$0$7,782,581
90$34,192,902$0$0$8,542,871
91$37,509,714$0$0$9,379,655
92$41,159,458$0$0$10,300,701
93$45,175,925$0$0$11,314,571
94$49,596,345$0$0$12,430,695
95$54,461,741$0$0$13,659,468
96$59,817,313$0$0$15,012,343
97$65,712,870$0$0$16,501,939
98$72,203,290$0$0$18,142,161
99$79,349,045$0$0$19,948,332
100$87,216,770$0$0$21,937,336