Can I retire at age 48 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$99,095$98,212$97,351$96,510$95,690$94,769
2 years$49,057$48,143$47,258$46,399$45,567$44,639
3 years$32,380$31,462$30,579$29,728$28,909$28,004
4 years$24,043$23,128$22,254$21,418$20,618$19,742
5 years$19,042$18,133$17,270$16,451$15,674$14,829
6 years$15,709$14,807$13,956$13,156$12,402$11,590
7 years$13,329$12,435$11,598$10,816$10,086$9,307
8 years$11,546$10,659$9,836$9,073$8,367$7,621
9 years$10,159$9,280$8,472$7,729$7,047$6,333
10 years$9,050$8,180$7,386$6,662$6,004$5,323
11 years$8,143$7,282$6,502$5,798$5,164$4,514
12 years$7,388$6,536$5,771$5,086$4,475$3,856
13 years$6,750$5,907$5,156$4,490$3,902$3,314
14 years$6,204$5,369$4,632$3,986$3,421$2,862
15 years$5,730$4,905$4,182$3,554$3,012$2,481
16 years$5,316$4,500$3,792$3,183$2,662$2,159
17 years$4,952$4,144$3,451$2,860$2,360$1,885
18 years$4,628$3,830$3,150$2,577$2,098$1,649
19 years$4,339$3,549$2,884$2,329$1,870$1,446
20 years$4,078$3,298$2,646$2,109$1,671$1,270
21 years$3,843$3,072$2,434$1,914$1,495$1,118
22 years$3,630$2,868$2,244$1,740$1,340$985
23 years$3,435$2,682$2,071$1,585$1,203$869
24 years$3,257$2,513$1,916$1,446$1,081$768
25 years$3,094$2,358$1,774$1,320$973$679
26 years$2,943$2,216$1,646$1,207$876$601
27 years$2,804$2,086$1,528$1,105$790$532
28 years$2,675$1,966$1,421$1,012$713$471
29 years$2,555$1,854$1,322$928$644$418
30 years$2,443$1,751$1,231$852$582$370
31 years$2,338$1,655$1,148$782$526$329
32 years$2,241$1,566$1,071$719$476$292
33 years$2,149$1,483$1,000$661$431$259
34 years$2,063$1,406$934$608$390$230
35 years$1,982$1,333$874$560$353$205
36 years$1,906$1,266$817$516$320$182
37 years$1,834$1,202$765$475$290$162
38 years$1,766$1,142$716$438$263$144
39 years$1,702$1,086$671$404$238$128
40 years$1,641$1,034$629$373$216$114
41 years$1,583$984$590$344$196$101
42 years$1,528$937$553$317$178$90
43 years$1,476$893$519$293$162$80
44 years$1,426$851$487$270$147$71
45 years$1,378$811$458$250$133$63
46 years$1,333$774$430$231$121$56
47 years$1,290$739$404$213$110$50
48 years$1,249$705$379$197$100$45
49 years$1,209$673$357$182$91$40
50 years$1,172$643$335$168$82$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,200,000, adding $5,589 every year, while hoping to spend $53,480 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: 51/35/14 Blend
47$1,200,000$1,200,000$1,200,000$1,200,000
48$1,328,165$1,264,565$1,245,965$1,390,593
49$1,406,736$1,269,626$1,230,803$1,439,045
50$1,491,528$1,273,143$1,213,340$1,485,596
51$1,583,120$1,274,984$1,193,443$1,535,006
52$1,682,148$1,275,007$1,170,973$1,587,560
53$1,789,309$1,273,065$1,145,782$1,643,574
54$1,905,371$1,268,998$1,117,719$1,703,400
55$2,031,179$1,262,638$1,086,622$1,767,427
56$2,167,660$1,253,809$1,052,325$1,836,087
57$2,315,835$1,242,319$1,014,652$1,909,859
58$2,476,827$1,227,969$973,419$1,989,275
59$2,651,870$1,210,547$928,436$2,074,923
60$2,842,324$1,189,826$879,501$2,167,454
61$3,049,682$1,165,570$826,406$2,267,592
62$3,275,591$1,137,524$768,932$2,376,136
63$3,521,860$1,105,421$706,850$2,493,973
64$3,790,482$1,068,978$639,921$2,622,084
65$4,083,648$1,027,896$567,896$2,761,556
66$4,403,774$981,856$490,513$2,913,590
67$4,753,515$930,523$407,502$3,079,519
68$5,135,798$873,543$318,578$3,260,814
69$5,553,842$810,540$223,443$3,459,105
70$6,011,194$741,116$121,788$3,676,195
71$6,511,758$664,853$13,290$3,914,077
72$7,059,833$581,307$0$4,174,957
73$7,660,154$490,009$0$4,476,583
74$8,317,935$390,464$0$4,809,453
75$9,038,917$282,150$0$5,174,616
76$9,829,425$164,514$0$5,575,423
77$10,696,424$36,972$0$6,015,574
78$11,647,585$0$0$6,499,153
79$12,691,358$0$0$7,069,605
80$13,837,052$0$0$7,711,517
81$15,094,918$0$0$8,416,410
82$16,476,251$0$0$9,190,629
83$17,993,492$0$0$10,041,164
84$19,660,346$0$0$10,975,716
85$21,491,912$0$0$12,002,768
86$23,504,824$0$0$13,131,667
87$25,717,406$0$0$14,372,709
88$28,149,846$0$0$15,737,239
89$30,824,388$0$0$17,237,753
90$33,765,535$0$0$18,888,022
91$37,000,287$0$0$20,703,217
92$40,558,389$0$0$22,700,054
93$44,472,616$0$0$24,896,949
94$48,779,078$0$0$27,314,194
95$53,517,562$0$0$29,974,147
96$58,731,907$0$0$32,901,444
97$64,470,415$0$0$36,123,228
98$70,786,309$0$0$39,669,407
99$77,738,230$0$0$43,572,938
100$85,390,797$0$0$47,870,132