Can I retire at age 48 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$97,443$96,575$95,728$94,902$94,095$90,756
2 years$48,239$47,341$46,470$45,626$44,807$41,479
3 years$31,840$30,938$30,069$29,233$28,427$25,215
4 years$23,642$22,743$21,883$21,061$20,275$17,202
5 years$18,725$17,830$16,982$16,177$15,413$12,487
6 years$15,447$14,560$13,724$12,937$12,195$9,420
7 years$13,107$12,227$11,405$10,636$9,918$7,292
8 years$11,353$10,481$9,672$8,922$8,228$5,749
9 years$9,989$9,126$8,331$7,600$6,929$4,595
10 years$8,899$8,044$7,263$6,551$5,904$3,709
11 years$8,008$7,161$6,394$5,701$5,078$3,019
12 years$7,265$6,427$5,675$5,001$4,400$2,472
13 years$6,638$5,808$5,070$4,415$3,837$2,034
14 years$6,100$5,280$4,555$3,919$3,364$1,680
15 years$5,635$4,823$4,113$3,495$2,962$1,393
16 years$5,228$4,425$3,729$3,130$2,617$1,157
17 years$4,869$4,075$3,393$2,812$2,321$964
18 years$4,551$3,766$3,097$2,534$2,064$804
19 years$4,266$3,490$2,836$2,290$1,839$672
20 years$4,010$3,243$2,602$2,074$1,643$562
21 years$3,779$3,021$2,394$1,882$1,470$471
22 years$3,569$2,820$2,206$1,711$1,318$394
23 years$3,378$2,637$2,037$1,558$1,183$331
24 years$3,203$2,471$1,884$1,421$1,063$278
25 years$3,042$2,319$1,745$1,298$957$233
26 years$2,894$2,179$1,618$1,187$862$196
27 years$2,757$2,051$1,503$1,086$777$164
28 years$2,630$1,933$1,397$995$701$138
29 years$2,512$1,823$1,300$913$633$116
30 years$2,402$1,722$1,211$838$572$98
31 years$2,299$1,628$1,129$769$517$82
32 years$2,203$1,540$1,053$707$468$69
33 years$2,113$1,459$983$650$423$58
34 years$2,029$1,382$919$598$383$49
35 years$1,949$1,311$859$551$347$41
36 years$1,874$1,245$804$507$315$35
37 years$1,803$1,182$752$467$285$29
38 years$1,736$1,123$704$431$258$25
39 years$1,673$1,068$660$397$234$21
40 years$1,613$1,016$619$366$213$17
41 years$1,556$967$580$338$193$15
42 years$1,502$921$544$312$175$12
43 years$1,451$878$511$288$159$10
44 years$1,402$837$479$266$144$9
45 years$1,355$798$450$246$131$7
46 years$1,311$761$423$227$119$6
47 years$1,269$726$397$210$108$5
48 years$1,228$693$373$194$98$4
49 years$1,189$662$351$179$89$4
50 years$1,152$633$330$165$81$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,180,000, adding $3,615 every year, while hoping to spend $44,317 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: 76/18/6 Blend
47$1,180,000$1,180,000$1,180,000$1,180,000
48$1,304,089$1,241,549$1,223,259$1,402,155
49$1,389,953$1,255,232$1,217,085$1,480,764
50$1,483,090$1,268,100$1,209,219$1,560,841
51$1,584,195$1,280,066$1,199,558$1,647,314
52$1,694,032$1,291,039$1,187,992$1,740,799
53$1,813,442$1,300,919$1,174,409$1,841,975
54$1,943,351$1,309,602$1,158,689$1,951,589
55$2,084,776$1,316,975$1,140,709$2,070,466
56$2,238,837$1,322,921$1,120,336$2,199,513
57$2,406,767$1,327,313$1,097,436$2,339,730
58$2,589,922$1,330,016$1,071,865$2,492,219
59$2,789,796$1,330,888$1,043,474$2,658,195
60$3,008,031$1,329,778$1,012,107$2,838,995
61$3,246,437$1,326,524$977,599$3,036,096
62$3,507,006$1,320,956$939,781$3,251,121
63$3,791,929$1,312,891$898,472$3,485,862
64$4,103,622$1,302,139$853,487$3,742,294
65$4,444,742$1,288,495$804,630$4,022,592
66$4,818,217$1,271,742$751,696$4,329,154
67$5,227,270$1,251,652$694,472$4,664,625
68$5,675,450$1,227,982$632,736$5,031,917
69$6,166,668$1,200,475$566,254$5,434,241
70$6,705,227$1,168,857$494,783$5,875,138
71$7,295,871$1,132,842$418,069$6,358,508
72$7,943,822$1,092,123$335,847$6,888,652
73$8,654,833$1,046,378$247,838$7,470,311
74$9,435,240$995,265$153,755$8,108,709
75$10,292,024$938,422$53,295$8,809,604
76$11,232,873$875,467$0$9,579,346
77$12,266,256$805,996$0$10,428,383
78$13,401,506$729,581$0$11,364,842
79$14,648,899$645,770$0$12,393,830
80$16,019,761$554,087$0$13,524,741
81$17,526,566$454,026$0$14,767,929
82$19,183,057$345,056$0$16,134,804
83$21,004,378$226,612$0$17,637,941
84$23,007,209$98,101$0$19,291,199
85$25,209,932$0$0$21,109,854
86$27,632,796$0$0$23,118,883
87$30,298,112$0$0$25,350,379
88$33,230,465$0$0$27,805,498
89$36,456,938$0$0$30,506,925
90$40,007,376$0$0$33,479,654
91$43,914,662$0$0$36,751,223
92$48,215,026$0$0$40,351,976
93$52,948,391$0$0$44,315,348
94$58,158,746$0$0$48,678,180
95$63,894,560$0$0$53,481,064
96$70,209,241$0$0$58,768,731
97$77,161,638$0$0$64,590,466
98$84,816,599$0$0$71,000,579
99$93,245,576$0$0$78,058,913
100$102,527,306$0$0$85,831,409