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%19.8%
1 years$94,966$94,120$93,295$92,489$91,703$88,099
2 years$47,013$46,137$45,289$44,466$43,668$40,081
3 years$31,031$30,151$29,305$28,490$27,705$24,248
4 years$23,041$22,164$21,326$20,525$19,759$16,459
5 years$18,248$17,377$16,550$15,765$15,021$11,885
6 years$15,055$14,190$13,375$12,608$11,885$8,917
7 years$12,774$11,916$11,115$10,365$9,666$6,863
8 years$11,064$10,215$9,426$8,695$8,019$5,379
9 years$9,735$8,894$8,119$7,407$6,753$4,272
10 years$8,673$7,839$7,078$6,384$5,754$3,427
11 years$7,804$6,979$6,231$5,556$4,949$2,771
12 years$7,081$6,264$5,530$4,874$4,288$2,254
13 years$6,469$5,661$4,941$4,303$3,739$1,842
14 years$5,945$5,145$4,439$3,820$3,278$1,511
15 years$5,491$4,700$4,008$3,406$2,886$1,244
16 years$5,095$4,313$3,634$3,050$2,551$1,026
17 years$4,745$3,972$3,307$2,740$2,262$848
18 years$4,435$3,670$3,019$2,470$2,011$702
19 years$4,158$3,401$2,763$2,232$1,792$582
20 years$3,908$3,161$2,536$2,021$1,601$483
21 years$3,683$2,944$2,333$1,834$1,433$402
22 years$3,479$2,748$2,150$1,668$1,284$334
23 years$3,292$2,570$1,985$1,519$1,153$278
24 years$3,122$2,408$1,836$1,385$1,036$231
25 years$2,965$2,260$1,700$1,265$932$193
26 years$2,820$2,124$1,577$1,157$840$161
27 years$2,687$1,999$1,464$1,059$757$134
28 years$2,563$1,884$1,361$970$683$112
29 years$2,448$1,777$1,267$890$617$93
30 years$2,341$1,678$1,180$816$557$78
31 years$2,241$1,586$1,100$750$504$65
32 years$2,147$1,501$1,026$689$456$54
33 years$2,059$1,422$958$634$413$45
34 years$1,977$1,347$895$583$374$38
35 years$1,900$1,278$837$537$338$31
36 years$1,826$1,213$783$494$307$26
37 years$1,758$1,152$733$455$278$22
38 years$1,692$1,095$686$420$252$18
39 years$1,631$1,041$643$387$228$15
40 years$1,572$990$603$357$207$13
41 years$1,517$943$565$329$188$11
42 years$1,464$898$530$304$171$9
43 years$1,414$856$498$281$155$7
44 years$1,366$816$467$259$141$6
45 years$1,321$778$439$239$128$5
46 years$1,278$742$412$221$116$4
47 years$1,236$708$387$204$105$4
48 years$1,197$676$364$189$96$3
49 years$1,159$645$342$174$87$2
50 years$1,123$617$321$161$79$2

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 $5,528 every year, while hoping to spend $46,547 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: 54/23/23 Blend
47$1,150,000$1,150,000$1,150,000$1,150,000
48$1,273,002$1,212,052$1,194,227$1,333,421
49$1,353,323$1,221,917$1,184,708$1,385,426
50$1,440,276$1,230,705$1,173,310$1,436,696
51$1,534,489$1,238,315$1,159,921$1,491,533
52$1,636,652$1,244,638$1,144,424$1,550,293
53$1,747,524$1,249,558$1,126,695$1,613,370
54$1,867,938$1,252,953$1,106,606$1,681,201
55$1,998,813$1,254,693$1,084,023$1,754,269
56$2,141,158$1,254,639$1,058,803$1,833,107
57$2,296,084$1,252,644$1,030,801$1,918,306
58$2,464,813$1,248,552$999,861$2,010,519
59$2,648,690$1,242,197$965,823$2,110,469
60$2,849,195$1,233,403$928,516$2,218,954
61$3,067,957$1,221,984$887,766$2,336,856
62$3,306,769$1,207,743$843,387$2,465,151
63$3,567,606$1,190,468$795,187$2,604,917
64$3,852,640$1,169,939$742,963$2,757,346
65$4,164,263$1,145,920$686,506$2,923,755
66$4,505,109$1,118,161$625,595$3,105,600
67$4,878,078$1,086,399$560,001$3,304,487
68$5,286,364$1,050,354$489,483$3,522,192
69$5,733,482$1,009,731$413,790$3,760,678
70$6,223,306$964,217$332,661$4,022,111
71$6,760,100$913,480$245,821$4,308,884
72$7,348,560$857,170$152,986$4,623,641
73$7,993,859$794,918$53,857$4,969,298
74$8,701,695$726,331$0$5,349,079
75$9,478,343$650,996$0$5,779,285
76$10,330,714$568,475$0$6,266,033
77$11,266,424$478,307$0$6,800,510
78$12,293,858$380,003$0$7,387,589
79$13,422,255$273,047$0$8,032,643
80$14,661,793$156,894$0$8,741,596
81$16,023,684$30,970$0$9,520,980
82$17,520,279$0$0$10,377,999
83$19,165,185$0$0$11,347,254
84$20,973,394$0$0$12,421,470
85$22,961,420$0$0$13,602,634
86$25,147,461$0$0$14,901,574
87$27,551,563$0$0$16,330,217
88$30,195,814$0$0$17,901,705
89$33,104,550$0$0$19,630,518
90$36,304,582$0$0$21,532,609
91$39,825,454$0$0$23,625,556
92$43,699,715$0$0$25,928,728
93$47,963,232$0$0$28,463,464
94$52,655,520$0$0$31,253,279
95$57,820,123$0$0$34,324,080
96$63,505,019$0$0$37,704,417
97$69,763,072$0$0$41,425,745
98$76,652,533$0$0$45,522,727
99$84,237,589$0$0$50,033,555
100$92,588,965$0$0$55,000,313