Can I retire at age 48 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$93,314$92,483$91,672$90,881$90,108$88,001
2 years$46,195$45,335$44,501$43,693$42,908$40,798
3 years$30,491$29,627$28,795$27,994$27,223$25,174
4 years$22,640$21,779$20,955$20,168$19,416$17,445
5 years$17,931$17,075$16,262$15,491$14,759$12,872
6 years$14,793$13,943$13,142$12,388$11,679$9,877
7 years$12,552$11,709$10,921$10,185$9,498$7,782
8 years$10,872$10,037$9,262$8,544$7,879$6,248
9 years$9,566$8,739$7,978$7,278$6,636$5,088
10 years$8,522$7,703$6,955$6,273$5,654$4,188
11 years$7,668$6,858$6,123$5,460$4,862$3,477
12 years$6,957$6,155$5,434$4,789$4,214$2,906
13 years$6,356$5,562$4,855$4,228$3,674$2,442
14 years$5,842$5,056$4,362$3,753$3,221$2,061
15 years$5,396$4,619$3,938$3,347$2,836$1,746
16 years$5,006$4,238$3,571$2,997$2,506$1,484
17 years$4,663$3,903$3,249$2,693$2,222$1,264
18 years$4,358$3,606$2,966$2,427$1,976$1,079
19 years$4,085$3,342$2,715$2,193$1,761$923
20 years$3,841$3,106$2,492$1,986$1,573$790
21 years$3,619$2,893$2,292$1,802$1,408$678
22 years$3,418$2,700$2,113$1,639$1,262$582
23 years$3,235$2,526$1,951$1,492$1,133$500
24 years$3,067$2,366$1,804$1,361$1,018$430
25 years$2,913$2,221$1,671$1,243$916$370
26 years$2,771$2,087$1,550$1,137$825$319
27 years$2,640$1,964$1,439$1,040$744$275
28 years$2,519$1,851$1,338$953$671$237
29 years$2,405$1,746$1,245$874$606$204
30 years$2,300$1,649$1,160$802$548$176
31 years$2,202$1,559$1,081$737$495$152
32 years$2,110$1,475$1,009$677$448$131
33 years$2,024$1,397$942$623$405$113
34 years$1,943$1,324$880$573$367$98
35 years$1,866$1,256$823$527$332$84
36 years$1,795$1,192$770$486$301$73
37 years$1,727$1,132$720$448$273$63
38 years$1,663$1,076$675$413$248$54
39 years$1,602$1,023$632$380$224$47
40 years$1,545$973$592$351$204$41
41 years$1,490$926$555$324$185$35
42 years$1,439$882$521$299$168$30
43 years$1,389$841$489$276$152$26
44 years$1,343$801$459$255$138$23
45 years$1,298$764$431$235$125$20
46 years$1,255$729$405$217$114$17
47 years$1,215$696$380$201$103$15
48 years$1,176$664$357$185$94$13
49 years$1,139$634$336$171$85$11
50 years$1,103$606$316$158$77$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,130,000, adding $4,541 every year, while hoping to spend $54,619 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: 56/34/10 Blend
47$1,130,000$1,130,000$1,130,000$1,130,000
48$1,249,944$1,190,054$1,172,539$1,316,631
49$1,319,324$1,190,252$1,153,705$1,362,415
50$1,393,950$1,188,630$1,132,409$1,405,830
51$1,474,300$1,185,040$1,108,512$1,451,810
52$1,560,898$1,179,326$1,081,866$1,500,610
53$1,654,320$1,171,323$1,052,319$1,552,510
54$1,755,198$1,160,856$1,019,709$1,607,820
55$1,864,229$1,147,738$983,870$1,666,887
56$1,982,175$1,131,772$944,624$1,730,094
57$2,109,877$1,112,749$901,790$1,797,865
58$2,248,259$1,090,449$855,174$1,870,673
59$2,398,336$1,064,635$804,577$1,949,039
60$2,561,225$1,035,061$749,789$2,033,543
61$2,738,153$1,001,462$690,590$2,124,826
62$2,930,472$963,561$626,752$2,223,600
63$3,139,668$921,063$558,036$2,330,651
64$3,367,376$873,657$484,192$2,446,853
65$3,615,396$821,013$404,960$2,573,171
66$3,885,706$762,783$320,066$2,710,674
67$4,180,487$698,598$229,227$2,860,548
68$4,502,136$628,069$132,146$3,024,103
69$4,853,293$550,784$28,512$3,202,789
70$5,236,865$466,308$0$3,398,210
71$5,656,050$374,182$0$3,620,902
72$6,114,370$273,919$0$3,867,886
73$6,615,702$165,008$0$4,138,326
74$7,164,317$46,907$0$4,434,665
75$7,764,916$0$0$4,759,599
76$8,422,676$0$0$5,146,396
77$9,143,299$0$0$5,589,487
78$9,933,062$0$0$6,075,195
79$10,798,881$0$0$6,607,787
80$11,748,372$0$0$7,191,960
81$12,789,924$0$0$7,832,889
82$13,932,775$0$0$8,536,274
83$15,187,102$0$0$9,308,394
84$16,564,117$0$0$10,156,166
85$18,076,166$0$0$11,087,206
86$19,736,854$0$0$12,109,909
87$21,561,165$0$0$13,233,520
88$23,565,607$0$0$14,468,223
89$25,768,366$0$0$15,825,240
90$28,189,476$0$0$17,316,933
91$30,851,012$0$0$18,956,920
92$33,777,289$0$0$20,760,206
93$36,995,100$0$0$22,743,322
94$40,533,963$0$0$24,924,481
95$44,426,399$0$0$27,323,751
96$48,708,239$0$0$29,963,241
97$53,418,962$0$0$32,867,312
98$58,602,068$0$0$36,062,804
99$64,305,483$0$0$39,579,292
100$70,582,016$0$0$43,449,361