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%18.2%
1 years$90,011$89,209$88,427$87,664$86,918$84,035
2 years$44,560$43,730$42,926$42,146$41,390$38,513
3 years$29,412$28,578$27,776$27,003$26,259$23,479
4 years$21,839$21,008$20,214$19,454$18,728$16,066
5 years$17,296$16,470$15,687$14,943$14,237$11,700
6 years$14,269$13,449$12,677$11,950$11,265$8,855
7 years$12,108$11,295$10,535$9,825$9,162$6,879
8 years$10,487$9,682$8,934$8,242$7,600$5,443
9 years$9,228$8,430$7,695$7,020$6,401$4,365
10 years$8,220$7,430$6,709$6,051$5,454$3,538
11 years$7,397$6,615$5,906$5,267$4,690$2,890
12 years$6,711$5,937$5,242$4,619$4,065$2,376
13 years$6,131$5,365$4,683$4,078$3,544$1,963
14 years$5,635$4,877$4,208$3,620$3,107$1,629
15 years$5,205$4,455$3,799$3,229$2,736$1,356
16 years$4,829$4,088$3,444$2,891$2,418$1,131
17 years$4,498$3,765$3,134$2,597$2,144$946
18 years$4,204$3,479$2,861$2,341$1,906$793
19 years$3,941$3,224$2,619$2,115$1,699$666
20 years$3,705$2,996$2,404$1,916$1,518$559
21 years$3,491$2,790$2,211$1,739$1,358$471
22 years$3,297$2,605$2,038$1,581$1,217$396
23 years$3,121$2,436$1,882$1,440$1,093$334
24 years$2,959$2,283$1,740$1,313$982$282
25 years$2,810$2,142$1,612$1,199$884$238
26 years$2,673$2,013$1,495$1,096$796$201
27 years$2,547$1,895$1,388$1,004$718$169
28 years$2,429$1,785$1,290$919$648$143
29 years$2,320$1,684$1,201$843$585$121
30 years$2,219$1,591$1,119$774$528$102
31 years$2,124$1,504$1,043$711$478$86
32 years$2,035$1,423$973$653$432$73
33 years$1,952$1,347$908$601$391$62
34 years$1,874$1,277$849$553$354$52
35 years$1,800$1,211$794$509$321$44
36 years$1,731$1,150$742$469$291$37
37 years$1,666$1,092$695$432$263$32
38 years$1,604$1,038$651$398$239$27
39 years$1,546$987$610$367$217$23
40 years$1,490$939$571$338$196$19
41 years$1,438$894$536$312$178$16
42 years$1,388$851$503$288$162$14
43 years$1,340$811$472$266$147$12
44 years$1,295$773$443$246$133$10
45 years$1,252$737$416$227$121$8
46 years$1,211$703$390$210$110$7
47 years$1,172$671$367$194$100$6
48 years$1,134$641$345$179$91$5
49 years$1,098$612$324$165$82$4
50 years$1,064$584$305$153$75$4

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 $2,937 every year, while hoping to spend $48,318 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: 49/45/6 Blend
47$1,090,000$1,090,000$1,090,000$1,090,000
48$1,204,210$1,146,440$1,129,545$1,261,245
49$1,275,629$1,151,205$1,115,974$1,305,248
50$1,352,714$1,154,585$1,100,330$1,347,618
51$1,435,991$1,156,460$1,082,491$1,392,488
52$1,526,039$1,156,703$1,062,332$1,440,105
53$1,623,495$1,155,181$1,039,720$1,490,740
54$1,729,058$1,151,752$1,014,517$1,544,696
55$1,843,497$1,146,263$986,579$1,602,308
56$1,967,658$1,138,555$955,754$1,663,947
57$2,102,472$1,128,457$921,884$1,730,025
58$2,248,962$1,115,789$884,805$1,801,001
59$2,408,252$1,100,359$844,342$1,877,381
60$2,581,582$1,081,965$800,316$1,959,726
61$2,770,314$1,060,391$752,537$2,048,659
62$2,975,947$1,035,411$700,808$2,144,871
63$3,200,131$1,006,784$644,922$2,249,127
64$3,444,682$974,253$584,664$2,362,272
65$3,711,598$937,550$519,809$2,485,245
66$4,003,080$896,389$450,122$2,619,084
67$4,321,549$850,467$375,356$2,764,941
68$4,669,672$799,465$295,255$2,924,087
69$5,050,384$743,045$209,552$3,097,933
70$5,466,918$680,848$117,966$3,288,036
71$5,922,832$612,498$20,207$3,496,124
72$6,422,045$537,595$0$3,724,105
73$6,968,873$455,717$0$3,979,475
74$7,568,069$366,418$0$4,260,916
75$8,224,866$269,227$0$4,569,737
76$8,945,030$163,646$0$4,908,815
77$9,734,909$49,151$0$5,281,331
78$10,601,496$0$0$5,690,800
79$11,552,495$0$0$6,178,151
80$12,596,389$0$0$6,739,944
81$13,742,525$0$0$7,356,886
82$15,001,198$0$0$8,034,534
83$16,383,749$0$0$8,779,011
84$17,902,672$0$0$9,597,061
85$19,571,730$0$0$10,496,113
86$21,406,086$0$0$11,484,353
87$23,422,445$0$0$12,570,800
88$25,639,210$0$0$13,765,388
89$28,076,656$0$0$15,079,063
90$30,757,123$0$0$16,523,886
91$33,705,222$0$0$18,113,143
92$36,948,069$0$0$19,861,475
93$40,515,542$0$0$21,785,012
94$44,440,558$0$0$23,901,526
95$48,759,387$0$0$26,230,600
96$53,511,992$0$0$28,793,809
97$58,742,407$0$0$31,614,928
98$64,499,147$0$0$34,720,152
99$70,835,674$0$0$38,138,344
100$77,810,890$0$0$41,901,309