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%14.1%
1 years$95,792$94,938$94,106$93,293$92,500$90,930
2 years$47,422$46,538$45,683$44,853$44,048$42,471
3 years$31,300$30,413$29,560$28,738$27,946$26,411
4 years$23,241$22,357$21,512$20,704$19,931$18,451
5 years$18,407$17,528$16,694$15,902$15,151$13,729
6 years$15,185$14,313$13,491$12,717$11,989$10,626
7 years$12,885$12,020$11,211$10,456$9,750$8,448
8 years$11,161$10,303$9,508$8,771$8,089$6,846
9 years$9,820$8,971$8,189$7,471$6,812$5,629
10 years$8,748$7,908$7,140$6,440$5,804$4,679
11 years$7,872$7,040$6,286$5,605$4,992$3,924
12 years$7,142$6,318$5,578$4,916$4,326$3,314
13 years$6,525$5,710$4,984$4,340$3,772$2,815
14 years$5,997$5,190$4,478$3,853$3,307$2,402
15 years$5,539$4,741$4,043$3,436$2,911$2,057
16 years$5,139$4,350$3,666$3,077$2,573$1,768
17 years$4,787$4,006$3,336$2,764$2,281$1,523
18 years$4,474$3,702$3,045$2,491$2,029$1,316
19 years$4,194$3,431$2,788$2,251$1,808$1,139
20 years$3,942$3,188$2,558$2,039$1,615$987
21 years$3,715$2,970$2,353$1,850$1,445$857
22 years$3,509$2,772$2,169$1,682$1,295$745
23 years$3,321$2,593$2,002$1,532$1,163$648
24 years$3,149$2,429$1,852$1,397$1,045$565
25 years$2,991$2,280$1,715$1,276$941$492
26 years$2,845$2,143$1,591$1,167$847$429
27 years$2,710$2,016$1,477$1,068$764$375
28 years$2,585$1,900$1,373$979$689$327
29 years$2,469$1,792$1,278$897$622$286
30 years$2,361$1,693$1,190$824$562$250
31 years$2,260$1,600$1,110$756$508$218
32 years$2,166$1,514$1,035$695$460$191
33 years$2,077$1,434$967$639$416$167
34 years$1,994$1,359$903$588$377$146
35 years$1,916$1,289$844$541$341$128
36 years$1,842$1,223$790$499$309$112
37 years$1,773$1,162$739$459$280$98
38 years$1,707$1,104$692$423$254$86
39 years$1,645$1,050$649$390$230$75
40 years$1,586$999$608$360$209$66
41 years$1,530$951$570$332$190$58
42 years$1,477$906$535$307$172$51
43 years$1,426$863$502$283$156$44
44 years$1,378$823$471$261$142$39
45 years$1,332$784$442$241$129$34
46 years$1,289$748$415$223$117$30
47 years$1,247$714$390$206$106$26
48 years$1,207$682$367$190$96$23
49 years$1,169$651$345$176$87$20
50 years$1,133$622$324$163$79$18

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 $5,698 every year, while hoping to spend $24,373 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: 67/16/17 Blend
47$1,160,000$1,160,000$1,160,000$1,160,000
48$1,284,197$1,222,717$1,204,737$1,364,580
49$1,389,253$1,256,698$1,219,164$1,452,989
50$1,504,207$1,291,527$1,233,256$1,546,253
51$1,630,044$1,327,219$1,246,978$1,647,634
52$1,767,847$1,363,792$1,260,290$1,757,928
53$1,918,810$1,401,260$1,273,152$1,878,012
54$2,084,246$1,439,639$1,285,520$2,008,850
55$2,265,602$1,478,944$1,297,348$2,151,506
56$2,464,473$1,519,192$1,308,589$2,307,151
57$2,682,614$1,560,397$1,319,191$2,477,075
58$2,921,959$1,602,574$1,329,102$2,662,698
59$3,184,636$1,645,738$1,338,265$2,865,587
60$3,472,993$1,689,903$1,346,620$3,087,464
61$3,789,613$1,735,083$1,354,107$3,330,230
62$4,137,343$1,781,292$1,360,659$3,595,977
63$4,519,319$1,828,543$1,366,209$3,887,010
64$4,938,996$1,876,847$1,370,683$4,205,871
65$5,400,179$1,926,218$1,374,006$4,555,358
66$5,907,061$1,976,666$1,376,099$4,938,554
67$6,464,260$2,028,203$1,376,878$5,358,857
68$7,076,867$2,080,837$1,376,255$5,820,010
69$7,750,487$2,134,577$1,374,139$6,326,139
70$8,491,297$2,189,432$1,370,433$6,881,789
71$9,306,103$2,245,408$1,365,036$7,491,968
72$10,202,403$2,302,510$1,357,843$8,162,195
73$11,188,459$2,360,744$1,348,741$8,898,550
74$12,273,372$2,420,111$1,337,615$9,707,736
75$13,467,174$2,480,614$1,324,342$10,597,135
76$14,780,913$2,542,251$1,308,795$11,574,885
77$16,226,766$2,605,022$1,290,840$12,649,952
78$17,818,150$2,668,922$1,270,337$13,832,216
79$19,569,847$2,733,945$1,247,139$15,132,566
80$21,498,146$2,800,082$1,221,092$16,563,000
81$23,620,995$2,867,324$1,192,037$18,136,740
82$25,958,171$2,935,657$1,159,804$19,868,357
83$28,531,465$3,005,065$1,124,218$21,773,906
84$31,364,890$3,075,530$1,085,096$23,871,082
85$34,484,906$3,147,028$1,042,244$26,179,385
86$37,920,669$3,219,535$995,461$28,720,300
87$41,704,306$3,293,021$944,538$31,517,509
88$45,871,220$3,367,453$889,255$34,597,105
89$50,460,421$3,442,795$829,381$37,987,845
90$55,514,896$3,519,004$764,677$41,721,420
91$61,082,014$3,596,033$694,892$45,832,752
92$67,213,972$3,673,832$619,765$50,360,327
93$73,968,291$3,752,344$539,020$55,346,555
94$81,408,353$3,831,505$452,374$60,838,175
95$89,604,003$3,911,246$359,526$66,886,692
96$98,632,207$3,991,493$260,166$73,548,867
97$108,577,778$4,072,163$153,968$80,887,249
98$119,534,179$4,153,166$40,593$88,970,770
99$131,604,398$4,234,404$0$97,875,393
100$144,901,928$4,315,771$0$107,699,416