Can I retire at age 48 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$95,792$94,938$94,106$93,293$92,500$91,382
2 years$47,422$46,538$45,683$44,853$44,048$42,923
3 years$31,300$30,413$29,560$28,738$27,946$26,848
4 years$23,241$22,357$21,512$20,704$19,931$18,870
5 years$18,407$17,528$16,694$15,902$15,151$14,130
6 years$15,185$14,313$13,491$12,717$11,989$11,008
7 years$12,885$12,020$11,211$10,456$9,750$8,810
8 years$11,161$10,303$9,508$8,771$8,089$7,189
9 years$9,820$8,971$8,189$7,471$6,812$5,953
10 years$8,748$7,908$7,140$6,440$5,804$4,985
11 years$7,872$7,040$6,286$5,605$4,992$4,212
12 years$7,142$6,318$5,578$4,916$4,326$3,584
13 years$6,525$5,710$4,984$4,340$3,772$3,068
14 years$5,997$5,190$4,478$3,853$3,307$2,639
15 years$5,539$4,741$4,043$3,436$2,911$2,279
16 years$5,139$4,350$3,666$3,077$2,573$1,975
17 years$4,787$4,006$3,336$2,764$2,281$1,717
18 years$4,474$3,702$3,045$2,491$2,029$1,496
19 years$4,194$3,431$2,788$2,251$1,808$1,306
20 years$3,942$3,188$2,558$2,039$1,615$1,142
21 years$3,715$2,970$2,353$1,850$1,445$1,001
22 years$3,509$2,772$2,169$1,682$1,295$878
23 years$3,321$2,593$2,002$1,532$1,163$771
24 years$3,149$2,429$1,852$1,397$1,045$678
25 years$2,991$2,280$1,715$1,276$941$596
26 years$2,845$2,143$1,591$1,167$847$525
27 years$2,710$2,016$1,477$1,068$764$463
28 years$2,585$1,900$1,373$979$689$408
29 years$2,469$1,792$1,278$897$622$360
30 years$2,361$1,693$1,190$824$562$318
31 years$2,260$1,600$1,110$756$508$281
32 years$2,166$1,514$1,035$695$460$248
33 years$2,077$1,434$967$639$416$219
34 years$1,994$1,359$903$588$377$194
35 years$1,916$1,289$844$541$341$171
36 years$1,842$1,223$790$499$309$151
37 years$1,773$1,162$739$459$280$134
38 years$1,707$1,104$692$423$254$118
39 years$1,645$1,050$649$390$230$105
40 years$1,586$999$608$360$209$93
41 years$1,530$951$570$332$190$82
42 years$1,477$906$535$307$172$73
43 years$1,426$863$502$283$156$64
44 years$1,378$823$471$261$142$57
45 years$1,332$784$442$241$129$50
46 years$1,289$748$415$223$117$45
47 years$1,247$714$390$206$106$39
48 years$1,207$682$367$190$96$35
49 years$1,169$651$345$176$87$31
50 years$1,133$622$324$163$79$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,160,000, adding $5,529 every year, while hoping to spend $50,371 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: 28/46/26 Blend
47$1,160,000$1,160,000$1,160,000$1,160,000
48$1,284,023$1,222,543$1,204,563$1,309,461
49$1,361,399$1,228,853$1,191,322$1,336,370
50$1,444,979$1,233,785$1,175,948$1,360,509
51$1,535,343$1,237,216$1,158,319$1,385,414
52$1,633,128$1,239,019$1,138,302$1,411,186
53$1,739,034$1,239,058$1,115,762$1,437,937
54$1,853,831$1,237,188$1,090,556$1,465,797
55$1,978,366$1,233,255$1,062,534$1,494,914
56$2,113,570$1,227,095$1,031,540$1,525,453
57$2,260,468$1,218,536$997,409$1,557,604
58$2,420,185$1,207,394$959,972$1,591,580
59$2,593,962$1,193,474$919,049$1,627,620
60$2,783,162$1,176,570$874,453$1,665,997
61$2,989,286$1,156,463$825,988$1,707,016
62$3,213,984$1,132,921$773,451$1,751,018
63$3,459,076$1,105,699$716,627$1,798,390
64$3,726,561$1,074,538$655,293$1,849,563
65$4,018,641$1,039,161$589,216$1,905,022
66$4,337,740$999,278$518,152$1,965,308
67$4,686,527$954,580$441,848$2,031,029
68$5,067,940$904,742$360,037$2,102,862
69$5,485,214$849,418$272,442$2,181,564
70$5,941,911$788,244$178,774$2,267,982
71$6,441,952$720,835$78,730$2,363,058
72$6,989,658$646,782$0$2,467,843
73$7,589,785$565,656$0$2,591,288
74$8,247,570$477,001$0$2,750,732
75$8,968,784$380,336$0$2,925,859
76$9,759,781$275,153$0$3,118,385
77$10,627,559$160,916$0$3,330,207
78$11,579,827$37,058$0$3,563,433
79$12,625,077$0$0$3,820,390
80$13,772,662$0$0$4,152,771
81$15,032,885$0$0$4,538,572
82$16,417,096$0$0$4,962,535
83$17,937,798$0$0$5,428,515
84$19,608,766$0$0$5,940,758
85$21,445,174$0$0$6,503,944
86$23,463,740$0$0$7,123,227
87$25,682,881$0$0$7,804,288
88$28,122,888$0$0$8,553,383
89$30,806,117$0$0$9,377,408
90$33,757,199$0$0$10,283,958
91$37,003,269$0$0$11,281,402
92$40,574,228$0$0$12,378,963
93$44,503,019$0$0$13,586,801
94$48,825,938$0$0$14,916,112
95$53,582,979$0$0$16,379,231
96$58,818,207$0$0$17,989,752
97$64,580,176$0$0$19,762,650
98$70,922,385$0$0$21,714,430
99$77,903,782$0$0$23,863,274
100$85,589,323$0$0$26,229,221