Can I retire at age 48 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$99,921$99,031$98,162$97,315$96,487$93,624
2 years$49,466$48,544$47,652$46,786$45,946$43,085
3 years$32,650$31,724$30,834$29,976$29,150$26,381
4 years$24,243$23,321$22,439$21,596$20,790$18,134
5 years$19,201$18,284$17,414$16,588$15,804$13,269
6 years$15,840$14,930$14,073$13,265$12,505$10,092
7 years$13,441$12,538$11,695$10,906$10,170$7,880
8 years$11,642$10,748$9,918$9,149$8,437$6,268
9 years$10,243$9,358$8,542$7,793$7,105$5,055
10 years$9,125$8,248$7,447$6,718$6,054$4,120
11 years$8,211$7,343$6,557$5,846$5,207$3,385
12 years$7,450$6,591$5,819$5,128$4,512$2,800
13 years$6,806$5,956$5,199$4,527$3,935$2,327
14 years$6,255$5,414$4,671$4,019$3,449$1,943
15 years$5,778$4,946$4,217$3,584$3,037$1,628
16 years$5,361$4,538$3,824$3,209$2,684$1,367
17 years$4,993$4,179$3,479$2,883$2,380$1,151
18 years$4,667$3,862$3,176$2,599$2,116$971
19 years$4,375$3,579$2,908$2,348$1,886$821
20 years$4,112$3,326$2,668$2,127$1,685$695
21 years$3,875$3,098$2,455$1,930$1,508$588
22 years$3,660$2,892$2,262$1,755$1,351$499
23 years$3,464$2,704$2,089$1,598$1,213$423
24 years$3,285$2,534$1,932$1,458$1,090$360
25 years$3,120$2,378$1,789$1,331$981$306
26 years$2,968$2,235$1,659$1,217$884$260
27 years$2,827$2,103$1,541$1,114$797$221
28 years$2,697$1,982$1,432$1,021$719$188
29 years$2,576$1,870$1,333$936$649$160
30 years$2,463$1,766$1,242$859$587$136
31 years$2,358$1,669$1,158$789$530$116
32 years$2,259$1,579$1,080$725$480$99
33 years$2,167$1,496$1,008$667$434$84
34 years$2,080$1,418$942$613$393$72
35 years$1,999$1,345$881$565$356$61
36 years$1,922$1,276$824$520$323$52
37 years$1,849$1,212$771$479$292$44
38 years$1,781$1,152$722$442$265$38
39 years$1,716$1,095$677$407$240$32
40 years$1,654$1,042$634$376$218$27
41 years$1,596$992$595$347$198$23
42 years$1,541$945$558$320$179$20
43 years$1,488$900$524$295$163$17
44 years$1,438$858$491$273$148$14
45 years$1,390$818$461$252$134$12
46 years$1,344$781$433$233$122$11
47 years$1,301$745$407$215$111$9
48 years$1,259$711$383$199$100$8
49 years$1,219$679$360$183$91$7
50 years$1,181$649$338$170$83$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,210,000, adding $3,196 every year, while hoping to spend $43,663 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: 33/49/18 Blend
47$1,210,000$1,210,000$1,210,000$1,210,000
48$1,336,717$1,272,587$1,253,832$1,373,273
49$1,426,605$1,288,486$1,249,378$1,416,475
50$1,524,198$1,303,702$1,243,312$1,458,751
51$1,630,236$1,318,153$1,235,533$1,503,390
52$1,745,533$1,331,756$1,225,936$1,550,625
53$1,870,984$1,344,418$1,214,412$1,600,714
54$2,007,575$1,356,045$1,200,845$1,653,944
55$2,156,389$1,366,533$1,185,114$1,710,635
56$2,318,619$1,375,771$1,167,094$1,771,141
57$2,495,579$1,383,645$1,146,652$1,835,854
58$2,688,713$1,390,028$1,123,650$1,905,210
59$2,899,612$1,394,790$1,097,943$1,979,694
60$3,130,027$1,397,789$1,069,378$2,059,842
61$3,381,886$1,398,877$1,037,799$2,146,249
62$3,657,312$1,397,896$1,003,039$2,239,574
63$3,958,641$1,394,676$964,923$2,340,550
64$4,288,446$1,389,039$923,272$2,449,985
65$4,649,561$1,380,796$877,896$2,568,778
66$5,045,107$1,369,745$828,596$2,697,923
67$5,478,519$1,355,673$775,164$2,838,523
68$5,953,581$1,338,354$717,386$2,991,797
69$6,474,461$1,317,549$655,033$3,159,095
70$7,045,751$1,293,003$587,871$3,341,912
71$7,672,505$1,264,448$515,652$3,541,903
72$8,360,292$1,231,598$438,119$3,760,900
73$9,115,248$1,194,152$355,002$4,000,927
74$9,944,128$1,151,790$266,019$4,264,227
75$10,854,377$1,104,176$170,879$4,553,277
76$11,854,193$1,050,950$69,273$4,870,819
77$12,952,610$991,736$0$5,219,884
78$14,159,578$926,132$0$5,611,344
79$15,486,059$853,717$0$6,056,070
80$16,944,131$774,043$0$6,544,905
81$18,547,099$686,638$0$7,082,445
82$20,309,621$591,002$0$7,673,763
83$22,247,849$486,607$0$8,324,460
84$24,379,575$372,896$0$9,040,721
85$26,724,404$249,280$0$9,829,372
86$29,303,936$115,138$0$10,697,948
87$32,141,970$0$0$11,654,764
88$35,264,728$0$0$12,725,279
89$38,701,103$0$0$13,971,829
90$42,482,927$0$0$15,343,908
91$46,645,279$0$0$16,854,267
92$51,226,807$0$0$18,516,960
93$56,270,098$0$0$20,347,469
94$61,822,076$0$0$22,362,857
95$67,934,447$0$0$24,581,922
96$74,664,186$0$0$27,025,380
97$82,074,071$0$0$29,716,059
98$90,233,280$0$0$32,679,110
99$99,218,040$0$0$35,942,252
100$109,112,345$0$0$39,536,024