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%14.7%
1 years$99,095$98,212$97,351$96,510$95,690$93,834
2 years$49,057$48,143$47,258$46,399$45,567$43,705
3 years$32,380$31,462$30,579$29,728$28,909$27,099
4 years$24,043$23,128$22,254$21,418$20,618$18,874
5 years$19,042$18,133$17,270$16,451$15,674$14,000
6 years$15,709$14,807$13,956$13,156$12,402$10,801
7 years$13,329$12,435$11,598$10,816$10,086$8,558
8 years$11,546$10,659$9,836$9,073$8,367$6,911
9 years$10,159$9,280$8,472$7,729$7,047$5,662
10 years$9,050$8,180$7,386$6,662$6,004$4,690
11 years$8,143$7,282$6,502$5,798$5,164$3,918
12 years$7,388$6,536$5,771$5,086$4,475$3,296
13 years$6,750$5,907$5,156$4,490$3,902$2,788
14 years$6,204$5,369$4,632$3,986$3,421$2,369
15 years$5,730$4,905$4,182$3,554$3,012$2,021
16 years$5,316$4,500$3,792$3,183$2,662$1,730
17 years$4,952$4,144$3,451$2,860$2,360$1,484
18 years$4,628$3,830$3,150$2,577$2,098$1,276
19 years$4,339$3,549$2,884$2,329$1,870$1,100
20 years$4,078$3,298$2,646$2,109$1,671$949
21 years$3,843$3,072$2,434$1,914$1,495$820
22 years$3,630$2,868$2,244$1,740$1,340$710
23 years$3,435$2,682$2,071$1,585$1,203$615
24 years$3,257$2,513$1,916$1,446$1,081$533
25 years$3,094$2,358$1,774$1,320$973$462
26 years$2,943$2,216$1,646$1,207$876$401
27 years$2,804$2,086$1,528$1,105$790$349
28 years$2,675$1,966$1,421$1,012$713$303
29 years$2,555$1,854$1,322$928$644$263
30 years$2,443$1,751$1,231$852$582$229
31 years$2,338$1,655$1,148$782$526$199
32 years$2,241$1,566$1,071$719$476$173
33 years$2,149$1,483$1,000$661$431$151
34 years$2,063$1,406$934$608$390$131
35 years$1,982$1,333$874$560$353$114
36 years$1,906$1,266$817$516$320$100
37 years$1,834$1,202$765$475$290$87
38 years$1,766$1,142$716$438$263$76
39 years$1,702$1,086$671$404$238$66
40 years$1,641$1,034$629$373$216$57
41 years$1,583$984$590$344$196$50
42 years$1,528$937$553$317$178$44
43 years$1,476$893$519$293$162$38
44 years$1,426$851$487$270$147$33
45 years$1,378$811$458$250$133$29
46 years$1,333$774$430$231$121$25
47 years$1,290$739$404$213$110$22
48 years$1,249$705$379$197$100$19
49 years$1,209$673$357$182$91$17
50 years$1,172$643$335$168$82$15

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 $4,433 every year, while hoping to spend $49,703 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: 42/34/24 Blend
47$1,200,000$1,200,000$1,200,000$1,200,000
48$1,326,973$1,263,373$1,244,773$1,373,215
49$1,409,440$1,272,394$1,233,589$1,415,709
50$1,498,654$1,280,192$1,220,365$1,456,614
51$1,595,249$1,286,654$1,204,979$1,499,926
52$1,699,924$1,291,660$1,187,306$1,545,895
53$1,813,448$1,295,083$1,167,212$1,594,799
54$1,936,665$1,296,787$1,144,559$1,646,946
55$2,070,505$1,296,630$1,119,203$1,702,678
56$2,215,991$1,294,459$1,090,990$1,762,378
57$2,374,246$1,290,112$1,059,762$1,826,468
58$2,546,508$1,283,416$1,025,353$1,895,420
59$2,734,139$1,274,191$987,590$1,969,754
60$2,938,637$1,262,242$946,289$2,050,051
61$3,161,650$1,247,364$901,262$2,136,954
62$3,404,994$1,229,340$852,310$2,231,176
63$3,670,665$1,207,940$799,225$2,333,508
64$3,960,864$1,182,920$741,790$2,444,828
65$4,278,010$1,154,021$679,778$2,566,106
66$4,624,770$1,120,971$612,953$2,698,422
67$5,004,076$1,083,478$541,066$2,842,968
68$5,419,160$1,041,237$463,860$3,001,066
69$5,873,580$993,923$381,065$3,174,181
70$6,371,253$941,193$292,399$3,363,934
71$6,916,494$882,684$197,567$3,572,119
72$7,514,053$818,013$96,263$3,800,723
73$8,169,164$746,773$0$4,051,943
74$8,887,590$668,536$0$4,331,246
75$9,675,678$582,848$0$4,664,790
76$10,540,420$489,231$0$5,030,964
77$11,489,517$387,177$0$5,433,151
78$12,531,452$276,153$0$5,875,086
79$13,675,569$155,594$0$6,360,891
80$14,932,163$24,904$0$6,895,119
81$16,312,572$0$0$7,482,791
82$17,829,289$0$0$8,173,057
83$19,496,076$0$0$8,942,022
84$21,328,093$0$0$9,787,384
85$23,342,043$0$0$10,716,872
86$25,556,328$0$0$11,738,999
87$27,991,223$0$0$12,863,146
88$30,669,064$0$0$14,099,650
89$33,614,460$0$0$15,459,898
90$36,854,527$0$0$16,956,437
91$40,419,140$0$0$18,603,091
92$44,341,215$0$0$20,415,092
93$48,657,020$0$0$22,409,224
94$53,406,517$0$0$24,603,979
95$58,633,737$0$0$27,019,732
96$64,387,196$0$0$29,678,936
97$70,720,351$0$0$32,606,330
98$77,692,107$0$0$35,829,172
99$85,367,367$0$0$39,377,499
100$93,817,649$0$0$43,284,409