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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$99,095$98,212$97,351$96,510$95,690$94,143
2 years$49,057$48,143$47,258$46,399$45,567$44,013
3 years$32,380$31,462$30,579$29,728$28,909$27,397
4 years$24,043$23,128$22,254$21,418$20,618$19,158
5 years$19,042$18,133$17,270$16,451$15,674$14,271
6 years$15,709$14,807$13,956$13,156$12,402$11,057
7 years$13,329$12,435$11,598$10,816$10,086$8,801
8 years$11,546$10,659$9,836$9,073$8,367$7,141
9 years$10,159$9,280$8,472$7,729$7,047$5,878
10 years$9,050$8,180$7,386$6,662$6,004$4,892
11 years$8,143$7,282$6,502$5,798$5,164$4,108
12 years$7,388$6,536$5,771$5,086$4,475$3,473
13 years$6,750$5,907$5,156$4,490$3,902$2,954
14 years$6,204$5,369$4,632$3,986$3,421$2,524
15 years$5,730$4,905$4,182$3,554$3,012$2,165
16 years$5,316$4,500$3,792$3,183$2,662$1,863
17 years$4,952$4,144$3,451$2,860$2,360$1,608
18 years$4,628$3,830$3,150$2,577$2,098$1,391
19 years$4,339$3,549$2,884$2,329$1,870$1,205
20 years$4,078$3,298$2,646$2,109$1,671$1,047
21 years$3,843$3,072$2,434$1,914$1,495$910
22 years$3,630$2,868$2,244$1,740$1,340$792
23 years$3,435$2,682$2,071$1,585$1,203$690
24 years$3,257$2,513$1,916$1,446$1,081$602
25 years$3,094$2,358$1,774$1,320$973$526
26 years$2,943$2,216$1,646$1,207$876$459
27 years$2,804$2,086$1,528$1,105$790$402
28 years$2,675$1,966$1,421$1,012$713$351
29 years$2,555$1,854$1,322$928$644$307
30 years$2,443$1,751$1,231$852$582$269
31 years$2,338$1,655$1,148$782$526$236
32 years$2,241$1,566$1,071$719$476$206
33 years$2,149$1,483$1,000$661$431$181
34 years$2,063$1,406$934$608$390$159
35 years$1,982$1,333$874$560$353$139
36 years$1,906$1,266$817$516$320$122
37 years$1,834$1,202$765$475$290$107
38 years$1,766$1,142$716$438$263$94
39 years$1,702$1,086$671$404$238$82
40 years$1,641$1,034$629$373$216$72
41 years$1,583$984$590$344$196$63
42 years$1,528$937$553$317$178$56
43 years$1,476$893$519$293$162$49
44 years$1,426$851$487$270$147$43
45 years$1,378$811$458$250$133$38
46 years$1,333$774$430$231$121$33
47 years$1,290$739$404$213$110$29
48 years$1,249$705$379$197$100$25
49 years$1,209$673$357$182$91$22
50 years$1,172$643$335$168$82$20

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 $6,517 every year, while hoping to spend $54,242 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: 43/47/10 Blend
47$1,200,000$1,200,000$1,200,000$1,200,000
48$1,329,122$1,265,522$1,246,922$1,382,156
49$1,406,980$1,269,820$1,230,981$1,424,046
50$1,490,961$1,272,510$1,212,688$1,463,405
51$1,581,632$1,273,457$1,191,907$1,504,821
52$1,679,618$1,272,516$1,168,495$1,548,505
53$1,785,604$1,269,533$1,142,304$1,594,690
54$1,900,341$1,264,346$1,113,177$1,643,637
55$2,024,659$1,256,782$1,080,952$1,695,636
56$2,159,468$1,246,658$1,045,457$1,751,010
57$2,305,768$1,233,779$1,006,515$1,810,120
58$2,464,662$1,217,939$963,938$1,873,367
59$2,637,359$1,198,920$917,531$1,941,197
60$2,825,192$1,176,489$867,091$2,014,106
61$3,029,627$1,150,403$812,404$2,092,645
62$3,252,276$1,120,400$753,247$2,177,429
63$3,494,915$1,086,207$689,388$2,269,139
64$3,759,497$1,047,531$620,583$2,368,532
65$4,048,172$1,004,066$546,578$2,476,449
66$4,363,305$955,485$467,109$2,593,823
67$4,707,502$901,444$381,896$2,721,689
68$5,083,630$841,577$290,652$2,861,198
69$5,494,846$775,500$193,075$3,013,624
70$5,944,625$702,804$88,848$3,180,381
71$6,436,795$623,060$0$3,363,036
72$6,975,569$535,811$0$3,565,714
73$7,565,588$440,577$0$3,798,225
74$8,211,963$336,850$0$4,053,249
75$8,920,320$224,093$0$4,333,187
76$9,696,858$101,738$0$4,640,698
77$10,548,403$0$0$4,978,721
78$11,482,473$0$0$5,366,442
79$12,507,349$0$0$5,849,739
80$13,632,153$0$0$6,380,313
81$14,866,932$0$0$6,962,924
82$16,222,754$0$0$7,602,814
83$17,711,811$0$0$8,305,756
84$19,347,533$0$0$9,078,114
85$21,144,717$0$0$9,926,895
86$23,119,660$0$0$10,859,821
87$25,290,321$0$0$11,885,397
88$27,676,481$0$0$13,012,994
89$30,299,936$0$0$14,252,938
90$33,184,698$0$0$15,616,604
91$36,357,221$0$0$17,116,525
92$39,846,654$0$0$18,766,509
93$43,685,111$0$0$20,581,770
94$47,907,974$0$0$22,579,072
95$52,554,229$0$0$24,776,885
96$57,666,831$0$0$27,195,559
97$63,293,109$0$0$29,857,518
98$69,485,211$0$0$32,787,469
99$76,300,598$0$0$36,012,636
100$83,802,583$0$0$39,563,017