Can I retire at age 48 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$90,837$90,028$89,238$88,468$87,716$85,839
2 years$44,969$44,131$43,320$42,533$41,769$39,888
3 years$29,681$28,840$28,031$27,251$26,500$24,673
4 years$22,039$21,201$20,399$19,633$18,900$17,141
5 years$17,455$16,622$15,831$15,080$14,368$12,681
6 years$14,400$13,573$12,793$12,060$11,369$9,757
7 years$12,219$11,398$10,631$9,915$9,246$7,709
8 years$10,583$9,771$9,016$8,317$7,670$6,208
9 years$9,312$8,507$7,766$7,084$6,459$5,070
10 years$8,296$7,499$6,770$6,107$5,504$4,187
11 years$7,465$6,675$5,960$5,315$4,733$3,487
12 years$6,773$5,992$5,290$4,662$4,102$2,924
13 years$6,188$5,415$4,726$4,116$3,577$2,465
14 years$5,687$4,922$4,246$3,653$3,135$2,088
15 years$5,253$4,496$3,834$3,258$2,761$1,775
16 years$4,873$4,125$3,476$2,917$2,440$1,513
17 years$4,539$3,799$3,163$2,621$2,163$1,294
18 years$4,242$3,510$2,887$2,362$1,924$1,109
19 years$3,977$3,253$2,643$2,135$1,715$952
20 years$3,739$3,023$2,426$1,933$1,531$818
21 years$3,523$2,816$2,231$1,755$1,371$704
22 years$3,327$2,629$2,057$1,595$1,228$607
23 years$3,149$2,459$1,899$1,453$1,103$524
24 years$2,986$2,304$1,756$1,325$991$452
25 years$2,836$2,162$1,627$1,210$892$391
26 years$2,698$2,032$1,509$1,106$803$338
27 years$2,570$1,912$1,401$1,013$724$292
28 years$2,452$1,802$1,302$928$654$253
29 years$2,342$1,700$1,212$851$590$219
30 years$2,239$1,605$1,129$781$533$190
31 years$2,143$1,517$1,052$717$482$164
32 years$2,054$1,436$982$659$436$142
33 years$1,970$1,360$917$606$395$124
34 years$1,891$1,289$857$558$357$107
35 years$1,817$1,222$801$513$324$93
36 years$1,747$1,160$749$473$293$81
37 years$1,681$1,102$701$436$266$70
38 years$1,619$1,047$657$402$241$61
39 years$1,560$996$615$370$218$53
40 years$1,504$947$577$342$198$46
41 years$1,451$902$541$315$180$40
42 years$1,400$859$507$291$163$34
43 years$1,353$818$476$268$148$30
44 years$1,307$780$447$248$134$26
45 years$1,264$744$419$229$122$22
46 years$1,222$710$394$211$111$19
47 years$1,183$677$370$195$101$17
48 years$1,145$646$348$180$91$15
49 years$1,109$617$327$167$83$13
50 years$1,074$590$307$154$75$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,100,000, adding $4,892 every year, while hoping to spend $30,657 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: 88/7/5 Blend
47$1,100,000$1,100,000$1,100,000$1,100,000
48$1,217,246$1,158,946$1,141,896$1,324,067
49$1,308,786$1,183,116$1,147,531$1,418,478
50$1,408,636$1,207,442$1,152,327$1,517,440
51$1,517,611$1,231,901$1,156,224$1,625,217
52$1,636,608$1,256,464$1,159,158$1,742,675
53$1,766,615$1,281,104$1,161,062$1,870,765
54$1,908,719$1,305,788$1,161,868$2,010,537
55$2,064,119$1,330,481$1,161,500$2,163,145
56$2,234,131$1,355,147$1,159,883$2,329,861
57$2,420,208$1,379,745$1,156,934$2,512,086
58$2,623,948$1,404,231$1,152,570$2,711,362
59$2,847,111$1,428,559$1,146,702$2,929,389
60$3,091,636$1,452,677$1,139,236$3,168,037
61$3,359,656$1,476,533$1,130,074$3,429,368
62$3,653,525$1,500,066$1,119,115$3,715,653
63$3,975,830$1,523,215$1,106,251$4,029,393
64$4,329,424$1,545,912$1,091,370$4,373,342
65$4,717,449$1,568,085$1,074,354$4,750,537
66$5,143,364$1,589,657$1,055,081$5,164,321
67$5,610,982$1,610,545$1,033,421$5,618,378
68$6,124,501$1,630,661$1,009,239$6,116,766
69$6,688,547$1,649,910$982,396$6,663,958
70$7,308,215$1,668,192$952,742$7,264,878
71$7,989,119$1,685,399$920,125$7,924,956
72$8,737,442$1,701,416$884,382$8,650,172
73$9,559,997$1,716,122$845,344$9,447,114
74$10,464,290$1,729,385$802,837$10,323,044
75$11,458,589$1,741,066$756,673$11,285,960
76$12,552,006$1,751,019$706,663$12,344,676
77$13,754,577$1,759,086$652,603$13,508,906
78$15,077,362$1,765,099$594,283$14,789,350
79$16,532,546$1,768,882$531,484$16,197,801
80$18,133,552$1,770,244$463,976$17,747,252
81$19,895,175$1,768,986$391,519$19,452,021
82$21,833,710$1,764,894$313,863$21,327,885
83$23,967,117$1,757,742$230,745$23,392,229
84$26,315,182$1,747,291$141,894$25,664,209
85$28,899,708$1,733,285$47,025$28,164,936
86$31,744,716$1,715,454$0$30,917,672
87$34,876,679$1,693,513$0$33,950,941
88$38,324,763$1,667,158$0$37,292,964
89$42,121,108$1,636,068$0$40,972,373
90$46,301,127$1,599,901$0$45,023,486
91$50,903,843$1,558,298$0$49,484,119
92$55,972,257$1,510,876$0$54,395,945
93$61,553,749$1,457,231$0$59,804,883
94$67,700,532$1,396,936$0$65,761,533
95$74,470,139$1,329,538$0$72,321,657
96$81,925,966$1,254,558$0$79,546,699
97$90,137,873$1,171,491$0$87,504,369
98$99,182,842$1,079,800$0$96,269,282
99$109,145,702$978,919$0$105,923,660
100$120,119,928$868,251$0$116,558,109