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

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$99,921$99,031$98,162$97,315$96,487$95,919
2 years$49,466$48,544$47,652$46,786$45,946$45,373
3 years$32,650$31,724$30,834$29,976$29,150$28,590
4 years$24,243$23,321$22,439$21,596$20,790$20,247
5 years$19,201$18,284$17,414$16,588$15,804$15,280
6 years$15,840$14,930$14,073$13,265$12,505$12,000
7 years$13,441$12,538$11,695$10,906$10,170$9,685
8 years$11,642$10,748$9,918$9,149$8,437$7,971
9 years$10,243$9,358$8,542$7,793$7,105$6,659
10 years$9,125$8,248$7,447$6,718$6,054$5,627
11 years$8,211$7,343$6,557$5,846$5,207$4,798
12 years$7,450$6,591$5,819$5,128$4,512$4,122
13 years$6,806$5,956$5,199$4,527$3,935$3,563
14 years$6,255$5,414$4,671$4,019$3,449$3,095
15 years$5,778$4,946$4,217$3,584$3,037$2,700
16 years$5,361$4,538$3,824$3,209$2,684$2,364
17 years$4,993$4,179$3,479$2,883$2,380$2,076
18 years$4,667$3,862$3,176$2,599$2,116$1,828
19 years$4,375$3,579$2,908$2,348$1,886$1,613
20 years$4,112$3,326$2,668$2,127$1,685$1,427
21 years$3,875$3,098$2,455$1,930$1,508$1,264
22 years$3,660$2,892$2,262$1,755$1,351$1,121
23 years$3,464$2,704$2,089$1,598$1,213$996
24 years$3,285$2,534$1,932$1,458$1,090$886
25 years$3,120$2,378$1,789$1,331$981$789
26 years$2,968$2,235$1,659$1,217$884$703
27 years$2,827$2,103$1,541$1,114$797$627
28 years$2,697$1,982$1,432$1,021$719$559
29 years$2,576$1,870$1,333$936$649$500
30 years$2,463$1,766$1,242$859$587$446
31 years$2,358$1,669$1,158$789$530$399
32 years$2,259$1,579$1,080$725$480$357
33 years$2,167$1,496$1,008$667$434$319
34 years$2,080$1,418$942$613$393$286
35 years$1,999$1,345$881$565$356$256
36 years$1,922$1,276$824$520$323$229
37 years$1,849$1,212$771$479$292$205
38 years$1,781$1,152$722$442$265$184
39 years$1,716$1,095$677$407$240$165
40 years$1,654$1,042$634$376$218$148
41 years$1,596$992$595$347$198$132
42 years$1,541$945$558$320$179$119
43 years$1,488$900$524$295$163$106
44 years$1,438$858$491$273$148$95
45 years$1,390$818$461$252$134$86
46 years$1,344$781$433$233$122$77
47 years$1,301$745$407$215$111$69
48 years$1,259$711$383$199$100$62
49 years$1,219$679$360$183$91$55
50 years$1,181$649$338$170$83$50

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 $2,185 every year, while hoping to spend $54,632 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: 55/22/23 Blend
47$1,210,000$1,210,000$1,210,000$1,210,000
48$1,335,674$1,271,544$1,252,789$1,400,625
49$1,413,785$1,275,721$1,236,629$1,449,594
50$1,498,031$1,278,273$1,218,097$1,496,977
51$1,588,983$1,279,060$1,197,056$1,547,423
52$1,687,263$1,277,938$1,173,361$1,601,245
53$1,793,559$1,274,752$1,146,863$1,658,786
54$1,908,623$1,269,336$1,117,405$1,720,429
55$2,033,286$1,261,517$1,084,821$1,786,597
56$2,168,459$1,251,109$1,048,941$1,857,759
57$2,315,145$1,237,917$1,009,583$1,934,435
58$2,474,446$1,221,731$966,560$2,017,200
59$2,647,575$1,202,331$919,676$2,106,693
60$2,835,866$1,179,484$868,724$2,203,618
61$3,040,788$1,152,942$813,489$2,308,758
62$3,263,955$1,122,443$753,748$2,422,979
63$3,507,145$1,087,709$689,265$2,547,237
64$3,772,314$1,048,447$619,795$2,682,592
65$4,061,614$1,004,345$545,082$2,830,217
66$4,377,415$955,075$464,859$2,991,408
67$4,722,326$900,288$378,847$3,167,601
68$5,099,218$839,616$286,753$3,360,381
69$5,511,252$772,671$188,273$3,571,502
70$5,961,909$699,041$83,089$3,802,904
71$6,455,021$618,292$0$4,056,730
72$6,994,808$529,962$0$4,342,507
73$7,585,916$433,568$0$4,677,923
74$8,233,463$328,597$0$5,045,547
75$8,943,083$214,506$0$5,448,669
76$9,720,984$90,723$0$5,890,920
77$10,574,001$0$0$6,376,301
78$11,509,662$0$0$6,919,723
79$12,536,259$0$0$7,540,171
80$13,662,927$0$0$8,221,215
81$14,899,726$0$0$8,968,952
82$16,257,738$0$0$9,790,098
83$17,749,172$0$0$10,692,049
84$19,387,477$0$0$11,682,955
85$21,187,467$0$0$12,771,794
86$23,165,464$0$0$13,968,455
87$25,339,448$0$0$15,283,834
88$27,729,228$0$0$16,729,936
89$30,356,629$0$0$18,319,986
90$33,245,693$0$0$20,068,554
91$36,422,911$0$0$21,991,694
92$39,917,470$0$0$24,107,093
93$43,761,526$0$0$26,434,238
94$47,990,508$0$0$28,994,601
95$52,643,453$0$0$31,811,839
96$57,763,374$0$0$34,912,019
97$63,397,660$0$0$38,323,862
98$69,598,529$0$0$42,079,013
99$76,423,518$0$0$46,212,342
100$83,936,023$0$0$50,762,271