Can I retire at age 48 with 1,170,000?

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 $1,170,000?

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$96,618$95,757$94,917$94,098$93,297$92,477
2 years$47,830$46,940$46,076$45,239$44,427$43,601
3 years$31,570$30,676$29,814$28,985$28,187$27,379
4 years$23,442$22,550$21,697$20,882$20,103$19,321
5 years$18,566$17,679$16,838$16,040$15,282$14,528
6 years$15,316$14,436$13,608$12,827$12,092$11,367
7 years$12,996$12,124$11,308$10,546$9,834$9,138
8 years$11,257$10,392$9,590$8,847$8,158$7,491
9 years$9,905$9,048$8,260$7,535$6,870$6,232
10 years$8,824$7,976$7,201$6,496$5,854$5,244
11 years$7,940$7,100$6,340$5,653$5,035$4,453
12 years$7,204$6,373$5,626$4,958$4,363$3,809
13 years$6,581$5,759$5,027$4,378$3,805$3,277
14 years$6,048$5,235$4,517$3,886$3,335$2,834
15 years$5,587$4,782$4,078$3,466$2,936$2,461
16 years$5,184$4,388$3,697$3,103$2,595$2,144
17 years$4,828$4,041$3,364$2,788$2,301$1,874
18 years$4,512$3,734$3,071$2,513$2,046$1,642
19 years$4,230$3,461$2,812$2,270$1,824$1,442
20 years$3,976$3,216$2,580$2,056$1,629$1,269
21 years$3,747$2,995$2,373$1,866$1,458$1,118
22 years$3,539$2,796$2,187$1,697$1,307$987
23 years$3,350$2,615$2,020$1,545$1,173$872
24 years$3,176$2,450$1,868$1,409$1,054$771
25 years$3,016$2,299$1,730$1,287$949$683
26 years$2,869$2,161$1,605$1,177$855$605
27 years$2,734$2,034$1,490$1,077$770$537
28 years$2,608$1,916$1,385$987$695$476
29 years$2,491$1,808$1,289$905$628$423
30 years$2,382$1,707$1,201$831$567$376
31 years$2,280$1,614$1,119$763$513$334
32 years$2,185$1,527$1,044$701$464$297
33 years$2,095$1,446$975$645$420$264
34 years$2,011$1,371$911$593$380$235
35 years$1,933$1,300$852$546$344$209
36 years$1,858$1,234$797$503$312$186
37 years$1,788$1,172$746$463$283$166
38 years$1,722$1,114$698$427$256$148
39 years$1,659$1,059$654$394$232$132
40 years$1,600$1,008$613$363$211$117
41 years$1,543$959$575$335$191$104
42 years$1,490$914$539$309$174$93
43 years$1,439$870$506$286$157$83
44 years$1,390$830$475$264$143$74
45 years$1,344$791$446$243$130$66
46 years$1,300$755$419$225$118$59
47 years$1,258$720$394$208$107$52
48 years$1,218$688$370$192$97$47
49 years$1,179$657$348$177$88$42
50 years$1,142$627$327$164$80$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,170,000, adding $6,236 every year, while hoping to spend $45,200 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: 60/14/26 Blend
47$1,170,000$1,170,000$1,170,000$1,170,000
48$1,295,772$1,233,762$1,215,627$1,364,113
49$1,379,849$1,246,124$1,208,259$1,423,725
50$1,470,986$1,257,577$1,199,128$1,483,330
51$1,569,857$1,268,028$1,188,129$1,547,402
52$1,677,200$1,277,380$1,175,149$1,616,387
53$1,793,830$1,285,527$1,160,072$1,690,776
54$1,920,641$1,292,358$1,142,775$1,771,110
55$2,058,618$1,297,755$1,123,129$1,857,990
56$2,208,844$1,301,592$1,101,001$1,952,077
57$2,372,510$1,303,735$1,076,249$2,054,101
58$2,550,930$1,304,041$1,048,726$2,164,870
59$2,745,545$1,302,359$1,018,279$2,285,275
60$2,957,945$1,298,529$984,746$2,416,299
61$3,189,879$1,292,381$947,959$2,559,030
62$3,443,272$1,283,733$907,741$2,714,665
63$3,720,245$1,272,395$863,909$2,884,530
64$4,023,130$1,258,162$816,270$3,070,086
65$4,354,497$1,240,820$764,623$3,272,946
66$4,717,175$1,220,140$708,757$3,494,891
67$5,114,280$1,195,879$648,453$3,737,887
68$5,549,241$1,167,783$583,482$4,004,102
69$6,025,838$1,135,579$513,603$4,295,931
70$6,548,232$1,098,979$438,566$4,616,015
71$7,121,003$1,057,681$358,110$4,967,271
72$7,749,200$1,011,362$271,962$5,352,913
73$8,438,382$959,682$179,836$5,776,493
74$9,194,671$902,281$81,434$6,241,924
75$10,024,812$838,778$0$6,753,529
76$10,936,235$768,770$0$7,322,614
77$11,937,123$691,831$0$7,972,430
78$13,036,491$607,513$0$8,686,256
79$14,244,271$515,339$0$9,470,589
80$15,571,403$414,807$0$10,332,587
81$17,029,941$305,387$0$11,280,143
82$18,633,162$186,518$0$12,321,951
83$20,395,696$57,609$0$13,467,598
84$22,333,661$0$0$14,727,648
85$24,464,812$0$0$16,126,370
86$26,808,714$0$0$17,674,590
87$29,386,921$0$0$19,377,684
88$32,223,183$0$0$21,251,352
89$35,343,665$0$0$23,312,895
90$38,777,198$0$0$25,581,372
91$42,555,549$0$0$28,077,788
92$46,713,719$0$0$30,825,281
93$51,290,274$0$0$33,849,352
94$56,327,707$0$0$37,178,094
95$61,872,842$0$0$40,842,465
96$67,977,272$0$0$44,876,576
97$74,697,845$0$0$49,318,014
98$82,097,205$0$0$54,208,196
99$90,244,374$0$0$59,592,759
100$99,215,412$0$0$65,521,989