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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$94,966$94,120$93,295$92,489$91,703$88,590
2 years$47,013$46,137$45,289$44,466$43,668$40,563
3 years$31,031$30,151$29,305$28,490$27,705$24,705
4 years$23,041$22,164$21,326$20,525$19,759$16,888
5 years$18,248$17,377$16,550$15,765$15,021$12,286
6 years$15,055$14,190$13,375$12,608$11,885$9,288
7 years$12,774$11,916$11,115$10,365$9,666$7,207
8 years$11,064$10,215$9,426$8,695$8,019$5,695
9 years$9,735$8,894$8,119$7,407$6,753$4,563
10 years$8,673$7,839$7,078$6,384$5,754$3,693
11 years$7,804$6,979$6,231$5,556$4,949$3,013
12 years$7,081$6,264$5,530$4,874$4,288$2,474
13 years$6,469$5,661$4,941$4,303$3,739$2,041
14 years$5,945$5,145$4,439$3,820$3,278$1,691
15 years$5,491$4,700$4,008$3,406$2,886$1,406
16 years$5,095$4,313$3,634$3,050$2,551$1,171
17 years$4,745$3,972$3,307$2,740$2,262$978
18 years$4,435$3,670$3,019$2,470$2,011$819
19 years$4,158$3,401$2,763$2,232$1,792$686
20 years$3,908$3,161$2,536$2,021$1,601$576
21 years$3,683$2,944$2,333$1,834$1,433$484
22 years$3,479$2,748$2,150$1,668$1,284$407
23 years$3,292$2,570$1,985$1,519$1,153$342
24 years$3,122$2,408$1,836$1,385$1,036$288
25 years$2,965$2,260$1,700$1,265$932$243
26 years$2,820$2,124$1,577$1,157$840$204
27 years$2,687$1,999$1,464$1,059$757$172
28 years$2,563$1,884$1,361$970$683$145
29 years$2,448$1,777$1,267$890$617$123
30 years$2,341$1,678$1,180$816$557$103
31 years$2,241$1,586$1,100$750$504$87
32 years$2,147$1,501$1,026$689$456$74
33 years$2,059$1,422$958$634$413$62
34 years$1,977$1,347$895$583$374$52
35 years$1,900$1,278$837$537$338$44
36 years$1,826$1,213$783$494$307$37
37 years$1,758$1,152$733$455$278$32
38 years$1,692$1,095$686$420$252$27
39 years$1,631$1,041$643$387$228$22
40 years$1,572$990$603$357$207$19
41 years$1,517$943$565$329$188$16
42 years$1,464$898$530$304$171$14
43 years$1,414$856$498$281$155$11
44 years$1,366$816$467$259$141$10
45 years$1,321$778$439$239$128$8
46 years$1,278$742$412$221$116$7
47 years$1,236$708$387$204$105$6
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$4
50 years$1,123$617$321$161$79$4

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 $6,132 every year, while hoping to spend $28,733 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: 42/47/11 Blend
47$1,150,000$1,150,000$1,150,000$1,150,000
48$1,273,625$1,212,675$1,194,850$1,322,766
49$1,372,963$1,241,525$1,204,306$1,386,609
50$1,481,471$1,270,825$1,213,116$1,452,345
51$1,600,053$1,300,567$1,221,227$1,522,885
52$1,729,705$1,330,742$1,228,585$1,598,678
53$1,871,526$1,361,339$1,235,133$1,680,221
54$2,026,722$1,392,345$1,240,810$1,768,060
55$2,196,623$1,423,745$1,245,553$1,862,796
56$2,382,694$1,455,524$1,249,295$1,965,091
57$2,586,548$1,487,664$1,251,966$2,075,676
58$2,809,961$1,520,145$1,253,491$2,195,354
59$3,054,889$1,552,944$1,253,795$2,325,010
60$3,323,487$1,586,037$1,252,796$2,465,621
61$3,618,126$1,619,397$1,250,409$2,618,263
62$3,941,422$1,652,994$1,246,545$2,784,120
63$4,296,253$1,686,797$1,241,110$2,964,497
64$4,685,790$1,720,769$1,234,006$3,160,836
65$5,113,527$1,754,873$1,225,131$3,374,721
66$5,583,310$1,789,065$1,214,377$3,607,901
67$6,099,380$1,823,302$1,201,631$3,862,303
68$6,666,407$1,857,533$1,186,775$4,140,051
69$7,289,533$1,891,706$1,169,686$4,443,485
70$7,974,429$1,925,762$1,150,233$4,775,186
71$8,727,336$1,959,640$1,128,281$5,137,997
72$9,555,135$1,993,273$1,103,689$5,535,054
73$10,465,404$2,026,588$1,076,308$5,969,813
74$11,466,493$2,059,509$1,045,982$6,446,081
75$12,567,602$2,091,952$1,012,550$6,968,059
76$13,778,868$2,123,828$975,840$7,540,373
77$15,111,458$2,155,041$935,676$8,168,127
78$16,577,677$2,185,488$891,872$8,856,942
79$18,191,083$2,215,060$844,232$9,613,020
80$19,966,614$2,243,639$792,556$10,443,193
81$21,920,732$2,271,100$736,629$11,354,992
82$24,071,571$2,297,309$676,230$12,356,723
83$26,439,116$2,322,122$611,129$13,457,536
84$29,045,386$2,345,386$541,082$14,667,521
85$31,914,644$2,366,939$465,837$15,997,799
86$35,073,626$2,386,607$385,131$17,460,628
87$38,551,790$2,404,205$298,687$19,069,522
88$42,381,597$2,419,535$206,217$20,839,373
89$46,598,817$2,432,389$107,422$22,786,602
90$51,242,863$2,442,543$1,988$24,929,304
91$56,357,168$2,449,760$0$27,287,427
92$61,989,588$2,453,788$0$29,895,933
93$68,192,862$2,454,359$0$32,767,176
94$75,025,100$2,451,189$0$35,927,680
95$82,550,338$2,443,975$0$39,406,933
96$90,839,139$2,432,397$0$43,237,436
97$99,969,262$2,416,115$0$47,455,012
98$110,026,389$2,394,767$0$52,099,139
99$121,104,942$2,367,972$0$57,213,332
100$133,308,967$2,335,323$0$62,845,545