Can I retire at age 48 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$94,966$94,120$93,295$92,489$91,703$90,783
2 years$47,013$46,137$45,289$44,466$43,668$42,741
3 years$31,031$30,151$29,305$28,490$27,705$26,800
4 years$23,041$22,164$21,326$20,525$19,759$18,884
5 years$18,248$17,377$16,550$15,765$15,021$14,177
6 years$15,055$14,190$13,375$12,608$11,885$11,074
7 years$12,774$11,916$11,115$10,365$9,666$8,888
8 years$11,064$10,215$9,426$8,695$8,019$7,274
9 years$9,735$8,894$8,119$7,407$6,753$6,041
10 years$8,673$7,839$7,078$6,384$5,754$5,074
11 years$7,804$6,979$6,231$5,556$4,949$4,300
12 years$7,081$6,264$5,530$4,874$4,288$3,671
13 years$6,469$5,661$4,941$4,303$3,739$3,153
14 years$5,945$5,145$4,439$3,820$3,278$2,721
15 years$5,491$4,700$4,008$3,406$2,886$2,358
16 years$5,095$4,313$3,634$3,050$2,551$2,050
17 years$4,745$3,972$3,307$2,740$2,262$1,788
18 years$4,435$3,670$3,019$2,470$2,011$1,564
19 years$4,158$3,401$2,763$2,232$1,792$1,370
20 years$3,908$3,161$2,536$2,021$1,601$1,203
21 years$3,683$2,944$2,333$1,834$1,433$1,058
22 years$3,479$2,748$2,150$1,668$1,284$931
23 years$3,292$2,570$1,985$1,519$1,153$821
24 years$3,122$2,408$1,836$1,385$1,036$725
25 years$2,965$2,260$1,700$1,265$932$640
26 years$2,820$2,124$1,577$1,157$840$566
27 years$2,687$1,999$1,464$1,059$757$501
28 years$2,563$1,884$1,361$970$683$443
29 years$2,448$1,777$1,267$890$617$393
30 years$2,341$1,678$1,180$816$557$348
31 years$2,241$1,586$1,100$750$504$309
32 years$2,147$1,501$1,026$689$456$274
33 years$2,059$1,422$958$634$413$243
34 years$1,977$1,347$895$583$374$216
35 years$1,900$1,278$837$537$338$191
36 years$1,826$1,213$783$494$307$170
37 years$1,758$1,152$733$455$278$151
38 years$1,692$1,095$686$420$252$134
39 years$1,631$1,041$643$387$228$119
40 years$1,572$990$603$357$207$106
41 years$1,517$943$565$329$188$94
42 years$1,464$898$530$304$171$84
43 years$1,414$856$498$281$155$74
44 years$1,366$816$467$259$141$66
45 years$1,321$778$439$239$128$59
46 years$1,278$742$412$221$116$52
47 years$1,236$708$387$204$105$46
48 years$1,197$676$364$189$96$41
49 years$1,159$645$342$174$87$37
50 years$1,123$617$321$161$79$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,150,000, adding $2,984 every year, while hoping to spend $54,455 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: 56/39/5 Blend
47$1,150,000$1,150,000$1,150,000$1,150,000
48$1,270,378$1,209,428$1,191,603$1,340,101
49$1,342,017$1,210,750$1,173,582$1,388,674
50$1,419,138$1,210,312$1,153,132$1,435,173
51$1,502,242$1,207,970$1,130,115$1,484,458
52$1,591,882$1,203,571$1,104,384$1,536,798
53$1,688,661$1,196,954$1,075,789$1,592,494
54$1,793,246$1,187,946$1,044,169$1,651,877
55$1,906,368$1,176,366$1,009,359$1,715,316
56$2,028,829$1,162,020$971,185$1,783,219
57$2,161,514$1,144,703$929,464$1,856,038
58$2,305,394$1,124,199$884,006$1,934,274
59$2,461,536$1,100,277$834,612$2,018,481
60$2,631,117$1,072,694$781,076$2,109,276
61$2,815,427$1,041,193$723,178$2,207,338
62$3,015,889$1,005,500$660,693$2,313,422
63$3,234,067$965,326$593,384$2,428,363
64$3,471,682$920,367$521,002$2,553,086
65$3,730,627$870,299$443,289$2,688,613
66$4,012,987$814,779$359,975$2,836,078
67$4,321,055$753,447$270,778$2,996,733
68$4,657,357$685,920$175,403$3,171,965
69$5,024,671$611,794$73,543$3,363,309
70$5,426,058$530,642$0$3,572,462
71$5,864,885$442,013$0$3,803,177
72$6,344,863$345,431$0$4,059,962
73$6,870,073$240,391$0$4,341,205
74$7,445,013$126,363$0$4,649,462
75$8,074,633$2,784$0$4,987,561
76$8,764,388$0$0$5,358,622
77$9,520,280$0$0$5,822,289
78$10,348,925$0$0$6,331,997
79$11,257,604$0$0$6,891,044
80$12,254,342$0$0$7,504,378
81$13,347,973$0$0$8,177,452
82$14,548,230$0$0$8,916,270
83$15,865,835$0$0$9,727,446
84$17,312,597$0$0$10,618,266
85$18,901,525$0$0$11,596,755
86$20,646,949$0$0$12,671,757
87$22,564,656$0$0$13,853,012
88$24,672,039$0$0$15,151,249
89$26,988,257$0$0$16,578,291
90$29,534,419$0$0$18,147,162
91$32,333,781$0$0$19,872,212
92$35,411,963$0$0$21,769,249
93$38,797,194$0$0$23,855,691
94$42,520,574$0$0$26,150,729
95$46,616,371$0$0$28,675,505
96$51,122,338$0$0$31,453,317
97$56,080,073$0$0$34,509,833
98$61,535,409$0$0$37,873,333
99$67,538,848$0$0$41,574,982
100$74,146,033$0$0$45,649,113