Can I retire at age 48 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$90,011$89,209$88,427$87,664$86,918$83,801
2 years$44,560$43,730$42,926$42,146$41,390$38,283
3 years$29,412$28,578$27,776$27,003$26,259$23,260
4 years$21,839$21,008$20,214$19,454$18,728$15,860
5 years$17,296$16,470$15,687$14,943$14,237$11,508
6 years$14,269$13,449$12,677$11,950$11,265$8,676
7 years$12,108$11,295$10,535$9,825$9,162$6,713
8 years$10,487$9,682$8,934$8,242$7,600$5,289
9 years$9,228$8,430$7,695$7,020$6,401$4,224
10 years$8,220$7,430$6,709$6,051$5,454$3,408
11 years$7,397$6,615$5,906$5,267$4,690$2,772
12 years$6,711$5,937$5,242$4,619$4,065$2,268
13 years$6,131$5,365$4,683$4,078$3,544$1,865
14 years$5,635$4,877$4,208$3,620$3,107$1,540
15 years$5,205$4,455$3,799$3,229$2,736$1,275
16 years$4,829$4,088$3,444$2,891$2,418$1,059
17 years$4,498$3,765$3,134$2,597$2,144$881
18 years$4,204$3,479$2,861$2,341$1,906$735
19 years$3,941$3,224$2,619$2,115$1,699$613
20 years$3,705$2,996$2,404$1,916$1,518$513
21 years$3,491$2,790$2,211$1,739$1,358$429
22 years$3,297$2,605$2,038$1,581$1,217$359
23 years$3,121$2,436$1,882$1,440$1,093$301
24 years$2,959$2,283$1,740$1,313$982$252
25 years$2,810$2,142$1,612$1,199$884$212
26 years$2,673$2,013$1,495$1,096$796$178
27 years$2,547$1,895$1,388$1,004$718$149
28 years$2,429$1,785$1,290$919$648$125
29 years$2,320$1,684$1,201$843$585$105
30 years$2,219$1,591$1,119$774$528$88
31 years$2,124$1,504$1,043$711$478$74
32 years$2,035$1,423$973$653$432$62
33 years$1,952$1,347$908$601$391$52
34 years$1,874$1,277$849$553$354$44
35 years$1,800$1,211$794$509$321$37
36 years$1,731$1,150$742$469$291$31
37 years$1,666$1,092$695$432$263$26
38 years$1,604$1,038$651$398$239$22
39 years$1,546$987$610$367$217$19
40 years$1,490$939$571$338$196$16
41 years$1,438$894$536$312$178$13
42 years$1,388$851$503$288$162$11
43 years$1,340$811$472$266$147$9
44 years$1,295$773$443$246$133$8
45 years$1,252$737$416$227$121$7
46 years$1,211$703$390$210$110$6
47 years$1,172$671$367$194$100$5
48 years$1,134$641$345$179$91$4
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,090,000, adding $6,976 every year, while hoping to spend $23,894 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: 55/25/20 Blend
47$1,090,000$1,090,000$1,090,000$1,090,000
48$1,208,376$1,150,606$1,133,711$1,267,941
49$1,306,207$1,181,562$1,146,267$1,340,398
50$1,413,216$1,213,235$1,158,443$1,416,140
51$1,530,314$1,245,634$1,170,201$1,498,102
52$1,658,505$1,278,768$1,181,501$1,586,887
53$1,798,891$1,312,647$1,192,300$1,683,158
54$1,952,691$1,347,279$1,202,555$1,787,646
55$2,121,242$1,382,673$1,212,218$1,901,155
56$2,306,022$1,418,836$1,221,240$2,024,571
57$2,508,654$1,455,777$1,229,569$2,158,870
58$2,730,928$1,493,502$1,237,151$2,305,128
59$2,974,815$1,532,016$1,243,928$2,464,528
60$3,242,487$1,571,325$1,249,841$2,638,377
61$3,536,335$1,611,435$1,254,825$2,828,112
62$3,858,994$1,652,347$1,258,814$3,035,316
63$4,213,365$1,694,066$1,261,738$3,261,736
64$4,602,646$1,736,593$1,263,524$3,509,294
65$5,030,358$1,779,929$1,264,094$3,780,108
66$5,500,382$1,824,072$1,263,368$4,076,515
67$6,016,991$1,869,022$1,261,261$4,401,086
68$6,584,895$1,914,775$1,257,684$4,756,657
69$7,209,281$1,961,326$1,252,544$5,146,352
70$7,895,866$2,008,669$1,245,742$5,573,612
71$8,650,946$2,056,796$1,237,177$6,042,232
72$9,481,460$2,105,696$1,226,740$6,556,393
73$10,395,052$2,155,359$1,214,319$7,120,700
74$11,400,145$2,205,769$1,199,796$7,740,232
75$12,506,019$2,256,911$1,183,048$8,420,582
76$13,722,898$2,308,764$1,163,945$9,167,917
77$15,062,048$2,361,309$1,142,352$9,989,032
78$16,535,884$2,414,519$1,118,127$10,891,414
79$18,158,082$2,468,368$1,091,123$11,883,316
80$19,943,713$2,522,826$1,061,183$12,973,833
81$21,909,385$2,577,857$1,028,145$14,172,986
82$24,073,395$2,633,425$991,840$15,491,823
83$26,455,905$2,689,486$952,091$16,942,516
84$29,079,132$2,745,996$908,711$18,538,479
85$31,967,558$2,802,904$861,506$20,294,499
86$35,148,156$2,860,154$810,275$22,226,868
87$38,650,654$2,917,687$754,804$24,353,543
88$42,507,803$2,975,436$694,873$26,694,313
89$46,755,697$3,033,331$630,250$29,270,989
90$51,434,108$3,091,294$560,693$32,107,605
91$56,586,860$3,149,241$485,949$35,230,649
92$62,262,247$3,207,081$405,756$38,669,315
93$68,513,485$3,264,716$319,837$42,455,774
94$75,399,214$3,322,041$227,905$46,625,481
95$82,984,055$3,378,941$129,661$51,217,510
96$91,339,214$3,435,295$24,790$56,274,924
97$100,543,158$3,490,969$0$61,845,180
98$110,682,357$3,545,823$0$67,999,170
99$121,852,093$3,599,704$0$74,782,796
100$134,157,367$3,652,450$0$82,254,358