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%12.1%
1 years$95,792$94,938$94,106$93,293$92,500$91,687
2 years$47,422$46,538$45,683$44,853$44,048$43,228
3 years$31,300$30,413$29,560$28,738$27,946$27,145
4 years$23,241$22,357$21,512$20,704$19,931$19,156
5 years$18,407$17,528$16,694$15,902$15,151$14,404
6 years$15,185$14,313$13,491$12,717$11,989$11,270
7 years$12,885$12,020$11,211$10,456$9,750$9,060
8 years$11,161$10,303$9,508$8,771$8,089$7,427
9 years$9,820$8,971$8,189$7,471$6,812$6,179
10 years$8,748$7,908$7,140$6,440$5,804$5,199
11 years$7,872$7,040$6,286$5,605$4,992$4,415
12 years$7,142$6,318$5,578$4,916$4,326$3,776
13 years$6,525$5,710$4,984$4,340$3,772$3,249
14 years$5,997$5,190$4,478$3,853$3,307$2,810
15 years$5,539$4,741$4,043$3,436$2,911$2,440
16 years$5,139$4,350$3,666$3,077$2,573$2,126
17 years$4,787$4,006$3,336$2,764$2,281$1,858
18 years$4,474$3,702$3,045$2,491$2,029$1,628
19 years$4,194$3,431$2,788$2,251$1,808$1,430
20 years$3,942$3,188$2,558$2,039$1,615$1,258
21 years$3,715$2,970$2,353$1,850$1,445$1,108
22 years$3,509$2,772$2,169$1,682$1,295$978
23 years$3,321$2,593$2,002$1,532$1,163$864
24 years$3,149$2,429$1,852$1,397$1,045$765
25 years$2,991$2,280$1,715$1,276$941$677
26 years$2,845$2,143$1,591$1,167$847$600
27 years$2,710$2,016$1,477$1,068$764$532
28 years$2,585$1,900$1,373$979$689$472
29 years$2,469$1,792$1,278$897$622$419
30 years$2,361$1,693$1,190$824$562$373
31 years$2,260$1,600$1,110$756$508$331
32 years$2,166$1,514$1,035$695$460$295
33 years$2,077$1,434$967$639$416$262
34 years$1,994$1,359$903$588$377$233
35 years$1,916$1,289$844$541$341$207
36 years$1,842$1,223$790$499$309$185
37 years$1,773$1,162$739$459$280$164
38 years$1,707$1,104$692$423$254$146
39 years$1,645$1,050$649$390$230$130
40 years$1,586$999$608$360$209$116
41 years$1,530$951$570$332$190$104
42 years$1,477$906$535$307$172$92
43 years$1,426$863$502$283$156$82
44 years$1,378$823$471$261$142$73
45 years$1,332$784$442$241$129$65
46 years$1,289$748$415$223$117$58
47 years$1,247$714$390$206$106$52
48 years$1,207$682$367$190$96$46
49 years$1,169$651$345$176$87$41
50 years$1,133$622$324$163$79$37

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 $4,154 every year, while hoping to spend $48,828 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: 60/32/8 Blend
47$1,160,000$1,160,000$1,160,000$1,160,000
48$1,282,605$1,221,125$1,203,145$1,357,101
49$1,361,478$1,229,007$1,191,498$1,415,409
50$1,446,760$1,235,640$1,177,824$1,473,023
51$1,539,052$1,240,909$1,162,004$1,534,642
52$1,639,017$1,244,695$1,143,912$1,600,652
53$1,747,382$1,246,870$1,123,419$1,671,482
54$1,864,948$1,247,300$1,100,386$1,747,604
55$1,992,594$1,245,839$1,074,671$1,829,539
56$2,131,290$1,242,336$1,046,123$1,917,865
57$2,282,098$1,236,628$1,014,586$2,013,218
58$2,446,192$1,228,543$979,894$2,116,301
59$2,624,861$1,217,898$941,877$2,227,892
60$2,819,521$1,204,500$900,355$2,348,849
61$3,031,736$1,188,144$855,140$2,480,120
62$3,263,221$1,168,611$806,036$2,622,750
63$3,515,870$1,145,673$752,838$2,777,898
64$3,791,761$1,119,084$695,331$2,946,839
65$4,093,189$1,088,587$633,292$3,130,983
66$4,422,673$1,053,907$566,487$3,331,887
67$4,782,993$1,014,755$494,671$3,551,270
68$5,177,205$970,825$417,589$3,791,031
69$5,608,676$921,792$334,975$4,053,265
70$6,081,115$867,313$246,550$4,340,285
71$6,598,603$807,026$152,024$4,654,646
72$7,165,638$740,548$51,094$4,999,166
73$7,787,170$667,472$0$5,376,959
74$8,468,654$587,370$0$5,796,291
75$9,216,096$499,791$0$6,261,089
76$10,036,111$404,254$0$6,771,202
77$10,935,987$300,255$0$7,331,278
78$11,923,751$187,261$0$7,946,445
79$13,008,244$64,706$0$8,622,360
80$14,199,205$0$0$9,365,263
81$15,507,364$0$0$10,205,983
82$16,944,541$0$0$11,154,749
83$18,523,755$0$0$12,197,382
84$20,259,352$0$0$13,343,367
85$22,167,134$0$0$14,603,151
86$24,264,512$0$0$15,988,244
87$26,570,667$0$0$17,511,327
88$29,106,731$0$0$19,186,371
89$31,895,989$0$0$21,028,769
90$34,964,092$0$0$23,055,482
91$38,339,306$0$0$25,285,196
92$42,052,770$0$0$27,738,499
93$46,138,798$0$0$30,438,077
94$50,635,196$0$0$33,408,925
95$55,583,618$0$0$36,678,583
96$61,029,964$0$0$40,277,398
97$67,024,807$0$0$44,238,806
98$73,623,872$0$0$48,599,651
99$80,888,562$0$0$53,400,530
100$88,886,534$0$0$58,686,175