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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$95,792$94,938$94,106$93,293$92,500$90,632
2 years$47,422$46,538$45,683$44,853$44,048$42,174
3 years$31,300$30,413$29,560$28,738$27,946$26,125
4 years$23,241$22,357$21,512$20,704$19,931$18,177
5 years$18,407$17,528$16,694$15,902$15,151$13,469
6 years$15,185$14,313$13,491$12,717$11,989$10,380
7 years$12,885$12,020$11,211$10,456$9,750$8,215
8 years$11,161$10,303$9,508$8,771$8,089$6,627
9 years$9,820$8,971$8,189$7,471$6,812$5,422
10 years$8,748$7,908$7,140$6,440$5,804$4,486
11 years$7,872$7,040$6,286$5,605$4,992$3,743
12 years$7,142$6,318$5,578$4,916$4,326$3,144
13 years$6,525$5,710$4,984$4,340$3,772$2,656
14 years$5,997$5,190$4,478$3,853$3,307$2,254
15 years$5,539$4,741$4,043$3,436$2,911$1,921
16 years$5,139$4,350$3,666$3,077$2,573$1,641
17 years$4,787$4,006$3,336$2,764$2,281$1,406
18 years$4,474$3,702$3,045$2,491$2,029$1,208
19 years$4,194$3,431$2,788$2,251$1,808$1,039
20 years$3,942$3,188$2,558$2,039$1,615$895
21 years$3,715$2,970$2,353$1,850$1,445$773
22 years$3,509$2,772$2,169$1,682$1,295$667
23 years$3,321$2,593$2,002$1,532$1,163$577
24 years$3,149$2,429$1,852$1,397$1,045$500
25 years$2,991$2,280$1,715$1,276$941$433
26 years$2,845$2,143$1,591$1,167$847$375
27 years$2,710$2,016$1,477$1,068$764$325
28 years$2,585$1,900$1,373$979$689$282
29 years$2,469$1,792$1,278$897$622$245
30 years$2,361$1,693$1,190$824$562$213
31 years$2,260$1,600$1,110$756$508$185
32 years$2,166$1,514$1,035$695$460$160
33 years$2,077$1,434$967$639$416$139
34 years$1,994$1,359$903$588$377$121
35 years$1,916$1,289$844$541$341$105
36 years$1,842$1,223$790$499$309$92
37 years$1,773$1,162$739$459$280$80
38 years$1,707$1,104$692$423$254$69
39 years$1,645$1,050$649$390$230$60
40 years$1,586$999$608$360$209$52
41 years$1,530$951$570$332$190$46
42 years$1,477$906$535$307$172$40
43 years$1,426$863$502$283$156$34
44 years$1,378$823$471$261$142$30
45 years$1,332$784$442$241$129$26
46 years$1,289$748$415$223$117$23
47 years$1,247$714$390$206$106$20
48 years$1,207$682$367$190$96$17
49 years$1,169$651$345$176$87$15
50 years$1,133$622$324$163$79$13

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 $4,220 every year, while hoping to spend $46,073 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: 59/28/13 Blend
47$1,160,000$1,160,000$1,160,000$1,160,000
48$1,282,673$1,221,193$1,203,213$1,353,974
49$1,364,484$1,232,010$1,194,499$1,413,349
50$1,453,096$1,241,813$1,183,949$1,472,546
51$1,549,154$1,250,504$1,171,453$1,535,999
52$1,653,366$1,257,977$1,156,896$1,604,124
53$1,766,513$1,264,122$1,140,156$1,677,378
54$1,889,454$1,268,820$1,121,107$1,756,269
55$2,023,131$1,271,944$1,099,617$1,841,354
56$2,168,582$1,273,362$1,075,547$1,933,252
57$2,326,952$1,272,931$1,048,751$2,032,644
58$2,499,496$1,270,500$1,019,080$2,140,283
59$2,687,598$1,265,908$986,373$2,257,000
60$2,892,782$1,258,986$950,464$2,383,713
61$3,116,721$1,249,552$911,181$2,521,436
62$3,361,263$1,237,416$868,341$2,671,287
63$3,628,436$1,222,374$821,755$2,834,501
64$3,920,478$1,204,211$771,225$3,012,443
65$4,239,848$1,182,700$716,543$3,206,619
66$4,589,259$1,157,598$657,493$3,418,691
67$4,971,692$1,128,649$593,848$3,650,493
68$5,390,436$1,095,584$525,373$3,904,050
69$5,849,108$1,058,115$451,820$4,181,600
70$6,351,693$1,015,939$372,932$4,485,608
71$6,902,580$968,734$288,440$4,818,799
72$7,506,602$916,161$198,062$5,184,176
73$8,169,083$857,861$101,505$5,585,058
74$8,895,887$793,453$0$6,025,104
75$9,693,472$722,537$0$6,508,565
76$10,568,952$644,687$0$7,054,725
77$11,530,163$559,455$0$7,654,451
78$12,585,738$466,367$0$8,313,216
79$13,745,186$364,921$0$9,037,057
80$15,018,982$254,590$0$9,832,627
81$16,418,667$134,813$0$10,707,267
82$17,956,954$5,002$0$11,669,068
83$19,647,849$0$0$12,726,955
84$21,506,782$0$0$13,932,504
85$23,550,755$0$0$15,259,855
86$25,798,496$0$0$16,719,642
87$28,270,643$0$0$18,325,280
88$30,989,931$0$0$20,091,551
89$33,981,410$0$0$22,034,741
90$37,272,680$0$0$24,172,791
91$40,894,154$0$0$26,525,474
92$44,879,336$0$0$29,114,573
93$49,265,148$0$0$31,964,090
94$54,092,268$0$0$35,100,473
95$59,405,520$0$0$38,552,862
96$65,254,292$0$0$42,353,367
97$71,693,006$0$0$46,537,369
98$78,781,626$0$0$51,143,855
99$86,586,227$0$0$56,215,781
100$95,179,617$0$0$61,800,485