Can I retire at age 48 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$101,572$100,667$99,785$98,923$98,082$94,190
2 years$50,283$49,347$48,439$47,559$46,706$42,833
3 years$33,189$32,249$31,343$30,472$29,632$25,901
4 years$24,644$23,706$22,810$21,953$21,134$17,572
5 years$19,518$18,586$17,701$16,862$16,066$12,682
6 years$16,102$15,177$14,305$13,485$12,712$9,509
7 years$13,663$12,745$11,888$11,087$10,338$7,315
8 years$11,834$10,925$10,082$9,300$8,577$5,730
9 years$10,413$9,512$8,683$7,922$7,223$4,548
10 years$9,276$8,385$7,570$6,829$6,154$3,646
11 years$8,347$7,464$6,665$5,943$5,293$2,946
12 years$7,573$6,700$5,915$5,213$4,587$2,395
13 years$6,919$6,055$5,285$4,602$4,000$1,956
14 years$6,359$5,503$4,748$4,085$3,506$1,603
15 years$5,873$5,027$4,287$3,643$3,087$1,319
16 years$5,449$4,613$3,887$3,262$2,728$1,087
17 years$5,076$4,248$3,537$2,931$2,419$898
18 years$4,744$3,925$3,229$2,641$2,151$743
19 years$4,447$3,638$2,956$2,387$1,917$616
20 years$4,180$3,381$2,713$2,162$1,712$511
21 years$3,939$3,149$2,495$1,962$1,532$424
22 years$3,721$2,939$2,300$1,784$1,374$352
23 years$3,521$2,749$2,123$1,625$1,233$293
24 years$3,339$2,576$1,964$1,482$1,108$244
25 years$3,171$2,417$1,819$1,353$997$203
26 years$3,017$2,272$1,687$1,237$898$169
27 years$2,874$2,138$1,566$1,132$810$141
28 years$2,741$2,015$1,456$1,038$731$117
29 years$2,618$1,901$1,355$951$660$98
30 years$2,504$1,795$1,262$873$596$81
31 years$2,397$1,697$1,177$802$539$68
32 years$2,297$1,606$1,098$737$488$56
33 years$2,203$1,520$1,025$678$441$47
34 years$2,115$1,441$958$624$400$39
35 years$2,032$1,367$895$574$362$33
36 years$1,954$1,297$838$529$328$27
37 years$1,880$1,232$784$487$297$23
38 years$1,810$1,171$734$449$269$19
39 years$1,744$1,113$688$414$244$16
40 years$1,682$1,059$645$382$222$13
41 years$1,622$1,008$605$352$201$11
42 years$1,566$960$567$325$182$9
43 years$1,512$915$532$300$166$8
44 years$1,461$872$500$277$150$6
45 years$1,413$832$469$256$136$5
46 years$1,366$793$441$236$124$4
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$3
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,230,000, adding $6,880 every year, while hoping to spend $42,907 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: 40/43/17 Blend
47$1,230,000$1,230,000$1,230,000$1,230,000
48$1,362,557$1,297,367$1,278,302$1,409,930
49$1,455,885$1,315,285$1,275,472$1,462,218
50$1,557,294$1,332,643$1,271,110$1,514,080
51$1,667,564$1,349,369$1,265,118$1,569,279
52$1,787,551$1,365,383$1,257,395$1,628,139
53$1,918,199$1,380,605$1,247,835$1,691,022
54$2,060,545$1,394,944$1,236,327$1,758,324
55$2,215,731$1,408,306$1,222,754$1,830,486
56$2,385,013$1,420,591$1,206,995$1,907,995
57$2,569,776$1,431,692$1,188,920$1,991,391
58$2,771,542$1,441,493$1,168,397$2,081,269
59$2,991,986$1,449,873$1,145,286$2,178,289
60$3,232,955$1,456,703$1,119,439$2,283,180
61$3,496,480$1,461,845$1,090,704$2,396,749
62$3,784,798$1,465,152$1,058,919$2,519,888
63$4,100,372$1,466,470$1,023,918$2,653,583
64$4,445,915$1,465,632$985,524$2,798,925
65$4,824,413$1,462,463$943,554$2,957,118
66$5,239,156$1,456,776$897,816$3,129,496
67$5,693,767$1,448,375$848,110$3,317,530
68$6,192,234$1,437,049$794,225$3,522,848
69$6,738,953$1,422,575$735,942$3,747,248
70$7,338,763$1,404,718$673,034$3,992,718
71$7,996,996$1,383,228$605,259$4,261,452
72$8,719,523$1,357,840$532,369$4,555,876
73$9,512,813$1,328,273$454,102$4,878,669
74$10,383,992$1,294,230$370,186$5,232,790
75$11,340,909$1,255,397$280,337$5,621,507
76$12,392,210$1,211,440$184,256$6,048,429
77$13,547,421$1,162,006$81,635$6,517,543
78$14,817,037$1,106,723$0$7,033,248
79$16,212,618$1,045,197$0$7,605,462
80$17,746,903$977,009$0$8,250,624
81$19,433,924$901,719$0$8,959,894
82$21,289,141$818,860$0$9,739,879
83$23,329,588$727,939$0$10,597,864
84$25,574,033$628,435$0$11,541,886
85$28,043,154$519,798$0$12,580,811
86$30,759,733$401,445$0$13,724,418
87$33,748,872$272,762$0$14,983,496
88$37,038,230$133,101$0$16,369,943
89$40,658,283$0$0$17,896,883
90$44,642,609$0$0$19,587,414
91$49,028,207$0$0$21,517,717
92$53,855,846$0$0$23,642,782
93$59,170,447$0$0$25,982,407
94$65,021,509$0$0$28,558,407
95$71,463,572$0$0$31,394,822
96$78,556,737$0$0$34,518,140
97$86,367,227$0$0$37,957,549
98$94,968,015$0$0$41,745,213
99$104,439,510$0$0$45,916,572
100$114,870,317$0$0$50,510,681