Can I retire at age 48 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$94,140$93,302$92,483$91,685$90,905$90,522
2 years$46,604$45,736$44,895$44,079$43,288$42,901
3 years$30,761$29,889$29,050$28,242$27,464$27,085
4 years$22,841$21,972$21,141$20,347$19,587$19,220
5 years$18,090$17,226$16,406$15,628$14,890$14,535
6 years$14,924$14,066$13,259$12,498$11,782$11,440
7 years$12,663$11,813$11,018$10,275$9,582$9,253
8 years$10,968$10,126$9,344$8,620$7,949$7,633
9 years$9,651$8,816$8,048$7,342$6,694$6,391
10 years$8,597$7,771$7,017$6,329$5,704$5,413
11 years$7,736$6,918$6,177$5,508$4,906$4,628
12 years$7,019$6,209$5,482$4,831$4,251$3,985
13 years$6,413$5,612$4,898$4,265$3,707$3,454
14 years$5,893$5,101$4,401$3,786$3,250$3,008
15 years$5,444$4,660$3,973$3,377$2,861$2,631
16 years$5,051$4,275$3,602$3,023$2,529$2,310
17 years$4,704$3,937$3,278$2,717$2,242$2,034
18 years$4,397$3,638$2,992$2,448$1,994$1,796
19 years$4,122$3,372$2,739$2,212$1,777$1,590
20 years$3,874$3,133$2,514$2,004$1,587$1,410
21 years$3,651$2,918$2,313$1,818$1,420$1,253
22 years$3,448$2,724$2,131$1,653$1,273$1,115
23 years$3,264$2,548$1,968$1,506$1,143$993
24 years$3,094$2,387$1,820$1,373$1,027$886
25 years$2,939$2,240$1,686$1,254$924$791
26 years$2,796$2,106$1,563$1,147$833$707
27 years$2,664$1,982$1,452$1,050$751$633
28 years$2,541$1,867$1,350$962$677$566
29 years$2,427$1,762$1,256$882$612$507
30 years$2,321$1,664$1,170$809$553$455
31 years$2,221$1,573$1,091$743$500$408
32 years$2,129$1,488$1,018$683$452$366
33 years$2,042$1,409$950$628$409$329
34 years$1,960$1,336$888$578$370$295
35 years$1,883$1,267$830$532$335$265
36 years$1,811$1,202$776$490$304$238
37 years$1,742$1,142$727$451$275$214
38 years$1,678$1,085$681$416$250$192
39 years$1,616$1,032$638$384$226$173
40 years$1,559$982$598$354$205$156
41 years$1,504$935$560$327$186$140
42 years$1,451$890$526$301$169$126
43 years$1,402$848$493$278$153$113
44 years$1,354$808$463$257$139$102
45 years$1,309$771$435$237$126$92
46 years$1,267$735$408$219$115$83
47 years$1,226$702$384$202$104$74
48 years$1,186$670$360$187$95$67
49 years$1,149$640$339$173$86$60
50 years$1,113$611$319$160$78$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,140,000, adding $2,229 every year, while hoping to spend $33,594 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: 41/45/14 Blend
47$1,140,000$1,140,000$1,140,000$1,140,000
48$1,258,579$1,198,159$1,180,489$1,304,890
49$1,351,211$1,221,125$1,184,292$1,360,742
50$1,452,164$1,244,091$1,187,096$1,417,679
51$1,562,254$1,267,020$1,188,833$1,478,574
52$1,682,375$1,289,875$1,189,429$1,543,804
53$1,813,512$1,312,614$1,188,811$1,613,784
54$1,956,751$1,335,193$1,186,896$1,688,971
55$2,113,286$1,357,563$1,183,603$1,769,870
56$2,284,430$1,379,673$1,178,843$1,857,038
57$2,471,633$1,401,468$1,172,525$1,951,089
58$2,676,487$1,422,887$1,164,553$2,052,703
59$2,900,748$1,443,868$1,154,824$2,162,627
60$3,146,348$1,464,342$1,143,235$2,281,687
61$3,415,416$1,484,234$1,129,673$2,410,794
62$3,710,295$1,503,469$1,114,024$2,550,953
63$4,033,566$1,521,960$1,096,165$2,703,274
64$4,388,074$1,539,620$1,075,970$2,868,981
65$4,776,948$1,556,351$1,053,306$3,049,424
66$5,203,638$1,572,054$1,028,033$3,246,094
67$5,671,942$1,586,618$1,000,006$3,460,634
68$6,186,046$1,599,928$969,072$3,694,858
69$6,750,559$1,611,861$935,072$3,950,769
70$7,370,559$1,622,285$897,839$4,230,574
71$8,051,639$1,631,060$857,200$4,536,710
72$8,799,962$1,638,037$812,972$4,871,864
73$9,622,316$1,643,059$764,964$5,239,002
74$10,526,180$1,645,957$712,978$5,641,394
75$11,519,793$1,646,551$656,806$6,082,649
76$12,612,233$1,644,653$596,230$6,566,748
77$13,813,500$1,640,061$531,023$7,098,080
78$15,134,614$1,632,561$460,949$7,681,490
79$16,587,713$1,621,925$385,760$8,322,320
80$18,186,174$1,607,914$305,197$9,026,461
81$19,944,733$1,590,271$218,990$9,800,413
82$21,879,627$1,568,725$126,858$10,651,345
83$24,008,748$1,542,991$28,506$11,587,160
84$26,351,807$1,512,764$0$12,616,579
85$28,930,524$1,477,723$0$13,760,637
86$31,768,831$1,437,525$0$15,023,804
87$34,893,099$1,391,811$0$16,413,561
88$38,332,383$1,340,197$0$17,942,856
89$42,118,700$1,282,281$0$19,625,963
90$46,287,328$1,217,634$0$21,478,619
91$50,877,141$1,145,803$0$23,518,175
92$55,930,972$1,066,311$0$25,763,758
93$61,496,022$978,651$0$28,236,454
94$67,624,300$882,288$0$30,959,509
95$74,373,117$776,658$0$33,958,550
96$81,805,623$661,163$0$37,261,829
97$89,991,408$535,171$0$40,900,487
98$99,007,154$398,017$0$44,908,858
99$108,937,360$248,996$0$49,324,787
100$119,875,138$87,364$0$54,189,991