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%14.8%
1 years$90,837$90,028$89,238$88,468$87,716$85,980
2 years$44,969$44,131$43,320$42,533$41,769$40,028
3 years$29,681$28,840$28,031$27,251$26,500$24,807
4 years$22,039$21,201$20,399$19,633$18,900$17,269
5 years$17,455$16,622$15,831$15,080$14,368$12,803
6 years$14,400$13,573$12,793$12,060$11,369$9,872
7 years$12,219$11,398$10,631$9,915$9,246$7,817
8 years$10,583$9,771$9,016$8,317$7,670$6,310
9 years$9,312$8,507$7,766$7,084$6,459$5,166
10 years$8,296$7,499$6,770$6,107$5,504$4,276
11 years$7,465$6,675$5,960$5,315$4,733$3,570
12 years$6,773$5,992$5,290$4,662$4,102$3,001
13 years$6,188$5,415$4,726$4,116$3,577$2,537
14 years$5,687$4,922$4,246$3,653$3,135$2,155
15 years$5,253$4,496$3,834$3,258$2,761$1,837
16 years$4,873$4,125$3,476$2,917$2,440$1,571
17 years$4,539$3,799$3,163$2,621$2,163$1,347
18 years$4,242$3,510$2,887$2,362$1,924$1,157
19 years$3,977$3,253$2,643$2,135$1,715$997
20 years$3,739$3,023$2,426$1,933$1,531$859
21 years$3,523$2,816$2,231$1,755$1,371$742
22 years$3,327$2,629$2,057$1,595$1,228$642
23 years$3,149$2,459$1,899$1,453$1,103$555
24 years$2,986$2,304$1,756$1,325$991$481
25 years$2,836$2,162$1,627$1,210$892$417
26 years$2,698$2,032$1,509$1,106$803$362
27 years$2,570$1,912$1,401$1,013$724$314
28 years$2,452$1,802$1,302$928$654$273
29 years$2,342$1,700$1,212$851$590$237
30 years$2,239$1,605$1,129$781$533$206
31 years$2,143$1,517$1,052$717$482$179
32 years$2,054$1,436$982$659$436$156
33 years$1,970$1,360$917$606$395$135
34 years$1,891$1,289$857$558$357$118
35 years$1,817$1,222$801$513$324$102
36 years$1,747$1,160$749$473$293$89
37 years$1,681$1,102$701$436$266$78
38 years$1,619$1,047$657$402$241$67
39 years$1,560$996$615$370$218$59
40 years$1,504$947$577$342$198$51
41 years$1,451$902$541$315$180$45
42 years$1,400$859$507$291$163$39
43 years$1,353$818$476$268$148$34
44 years$1,307$780$447$248$134$29
45 years$1,264$744$419$229$122$26
46 years$1,222$710$394$211$111$22
47 years$1,183$677$370$195$101$19
48 years$1,145$646$348$180$91$17
49 years$1,109$617$327$167$83$15
50 years$1,074$590$307$154$75$13

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 $5,552 every year, while hoping to spend $22,823 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: 63/24/13 Blend
47$1,100,000$1,100,000$1,100,000$1,100,000
48$1,217,927$1,159,627$1,142,577$1,290,556
49$1,317,872$1,192,165$1,156,570$1,372,428
50$1,427,246$1,225,533$1,170,266$1,458,665
51$1,546,988$1,259,746$1,183,633$1,552,269
52$1,678,130$1,294,823$1,196,633$1,653,959
53$1,821,808$1,330,778$1,209,230$1,764,521
54$1,979,276$1,367,629$1,221,382$1,884,824
55$2,151,912$1,405,393$1,233,048$2,015,825
56$2,341,235$1,444,086$1,244,184$2,158,576
57$2,548,919$1,483,724$1,254,742$2,314,238
58$2,776,807$1,524,325$1,264,674$2,484,086
59$3,026,928$1,565,903$1,273,927$2,669,527
60$3,301,518$1,608,476$1,282,447$2,872,110
61$3,603,041$1,652,059$1,290,177$3,093,543
62$3,934,208$1,696,668$1,297,056$3,335,704
63$4,298,011$1,742,318$1,303,020$3,600,663
64$4,697,740$1,789,023$1,308,003$3,890,702
65$5,137,024$1,836,800$1,311,936$4,208,334
66$5,619,858$1,885,661$1,314,743$4,556,326
67$6,150,645$1,935,620$1,316,349$4,937,727
68$6,734,236$1,986,690$1,316,671$5,355,899
69$7,375,974$2,038,884$1,315,626$5,814,543
70$8,081,747$2,092,213$1,313,123$6,317,737
71$8,858,042$2,146,688$1,309,069$6,869,976
72$9,712,005$2,202,319$1,303,366$7,476,209
73$10,651,512$2,259,114$1,295,911$8,141,894
74$11,685,238$2,317,083$1,286,596$8,873,041
75$12,822,743$2,376,231$1,275,308$9,676,273
76$14,074,561$2,436,564$1,261,929$10,558,889
77$15,452,296$2,498,086$1,246,334$11,528,932
78$16,968,738$2,560,800$1,228,394$12,595,262
79$18,637,977$2,624,706$1,207,972$13,767,644
80$20,475,538$2,689,805$1,184,927$15,056,838
81$22,498,530$2,756,092$1,159,109$16,474,701
82$24,725,804$2,823,564$1,130,363$18,034,298
83$27,178,131$2,892,214$1,098,525$19,750,028
84$29,878,399$2,962,031$1,063,424$21,637,754
85$32,851,830$3,033,005$1,024,883$23,714,960
86$36,126,215$3,105,120$982,715$26,000,912
87$39,732,177$3,178,360$936,724$28,516,841
88$43,703,461$3,252,702$886,707$31,286,141
89$48,077,253$3,328,122$832,450$34,334,594
90$52,894,526$3,404,594$773,730$37,690,610
91$58,200,433$3,482,085$710,316$41,385,497
92$64,044,729$3,560,558$641,963$45,453,757
93$70,482,240$3,639,975$568,418$49,933,410
94$77,573,384$3,720,288$489,414$54,866,353
95$85,384,735$3,801,449$404,676$60,298,758
96$93,989,658$3,883,400$313,913$66,281,506
97$103,468,998$3,966,081$216,824$72,870,667
98$113,911,841$4,049,424$113,093$80,128,034
99$125,416,357$4,133,355$2,390$88,121,697
100$138,090,728$4,217,791$0$96,926,697