Can I retire at age 48 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$103,224$102,304$101,407$100,532$99,677$98,309
2 years$51,101$50,149$49,227$48,333$47,465$46,090
3 years$33,729$32,773$31,853$30,967$30,114$28,773
4 years$25,045$24,092$23,181$22,310$21,477$20,182
5 years$19,835$18,888$17,989$17,136$16,327$15,080
6 years$16,364$15,424$14,538$13,704$12,919$11,723
7 years$13,885$12,953$12,081$11,267$10,506$9,362
8 years$12,027$11,103$10,246$9,451$8,716$7,622
9 years$10,582$9,667$8,825$8,051$7,340$6,296
10 years$9,427$8,521$7,694$6,940$6,254$5,260
11 years$8,483$7,586$6,773$6,040$5,379$4,433
12 years$7,696$6,809$6,011$5,298$4,661$3,763
13 years$7,031$6,153$5,371$4,677$4,065$3,213
14 years$6,462$5,593$4,825$4,152$3,563$2,756
15 years$5,969$5,109$4,357$3,703$3,137$2,374
16 years$5,538$4,688$3,950$3,315$2,773$2,051
17 years$5,158$4,317$3,594$2,979$2,458$1,778
18 years$4,821$3,989$3,281$2,684$2,186$1,545
19 years$4,519$3,697$3,004$2,426$1,948$1,345
20 years$4,248$3,436$2,757$2,197$1,740$1,173
21 years$4,004$3,200$2,536$1,994$1,557$1,024
22 years$3,781$2,987$2,337$1,813$1,396$896
23 years$3,579$2,794$2,158$1,651$1,253$784
24 years$3,393$2,618$1,996$1,506$1,126$687
25 years$3,223$2,457$1,848$1,375$1,014$603
26 years$3,066$2,309$1,714$1,257$913$529
27 years$2,921$2,173$1,592$1,151$823$465
28 years$2,786$2,047$1,480$1,054$743$409
29 years$2,661$1,931$1,377$967$671$359
30 years$2,544$1,824$1,283$887$606$316
31 years$2,436$1,724$1,196$815$548$278
32 years$2,334$1,632$1,116$749$496$245
33 years$2,239$1,545$1,042$689$448$216
34 years$2,149$1,464$973$634$406$190
35 years$2,065$1,389$910$583$368$167
36 years$1,985$1,318$851$537$333$148
37 years$1,910$1,252$797$495$302$130
38 years$1,840$1,190$746$456$274$115
39 years$1,772$1,132$699$421$248$101
40 years$1,709$1,077$655$388$225$89
41 years$1,649$1,025$614$358$204$79
42 years$1,591$976$576$330$185$69
43 years$1,537$930$541$305$168$61
44 years$1,485$886$508$282$153$54
45 years$1,436$845$477$260$139$48
46 years$1,389$806$448$240$126$42
47 years$1,344$770$421$222$114$37
48 years$1,301$735$395$205$104$33
49 years$1,260$702$372$190$94$29
50 years$1,220$670$349$175$86$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,250,000, adding $5,983 every year, while hoping to spend $29,963 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: 35/41/24 Blend
47$1,250,000$1,250,000$1,250,000$1,250,000
48$1,383,671$1,317,421$1,298,046$1,421,865
49$1,492,926$1,350,095$1,309,651$1,483,364
50$1,612,319$1,383,365$1,320,639$1,546,513
51$1,742,855$1,417,229$1,330,960$1,614,052
52$1,885,638$1,451,684$1,340,558$1,686,391
53$2,041,882$1,486,726$1,349,376$1,763,982
54$2,212,925$1,522,347$1,357,352$1,847,326
55$2,400,243$1,558,542$1,364,423$1,936,969
56$2,605,458$1,595,300$1,370,520$2,033,520
57$2,830,356$1,632,611$1,375,575$2,137,644
58$3,076,908$1,670,464$1,379,511$2,250,077
59$3,347,279$1,708,844$1,382,252$2,371,631
60$3,643,860$1,747,736$1,383,716$2,503,200
61$3,969,279$1,787,120$1,383,816$2,645,768
62$4,326,434$1,826,978$1,382,462$2,800,422
63$4,718,516$1,867,285$1,379,560$2,968,360
64$5,149,040$1,908,017$1,375,011$3,150,902
65$5,621,878$1,949,146$1,368,710$3,349,504
66$6,141,296$1,990,641$1,360,548$3,565,771
67$6,711,993$2,032,468$1,350,412$3,801,472
68$7,339,147$2,074,589$1,338,181$4,058,560
69$8,028,460$2,116,964$1,323,730$4,339,184
70$8,786,216$2,159,548$1,306,927$4,645,717
71$9,619,336$2,202,292$1,287,636$4,980,773
72$10,535,448$2,245,144$1,265,711$5,347,236
73$11,542,954$2,288,046$1,241,003$5,748,285
74$12,651,112$2,330,937$1,213,353$6,187,425
75$13,870,121$2,373,749$1,182,596$6,668,520
76$15,211,220$2,416,409$1,148,560$7,195,831
77$16,686,791$2,458,839$1,111,063$7,774,055
78$18,310,477$2,500,956$1,069,917$8,408,371
79$20,097,310$2,542,667$1,024,924$9,104,490
80$22,063,854$2,583,877$975,877$9,868,707
81$24,228,359$2,624,478$922,561$10,707,962
82$26,610,935$2,664,361$864,750$11,629,908
83$29,233,738$2,703,402$802,207$12,642,980
84$32,121,185$2,741,475$734,686$13,756,478
85$35,300,178$2,778,439$661,930$14,980,657
86$38,800,361$2,814,147$583,670$16,326,820
87$42,654,399$2,848,442$499,624$17,807,427
88$46,898,285$2,881,153$409,499$19,436,217
89$51,571,682$2,912,101$312,989$21,228,333
90$56,718,293$2,941,094$209,774$23,200,470
91$62,386,277$2,967,925$99,519$25,371,033
92$68,628,701$2,992,377$0$27,760,308
93$75,504,041$3,014,217$0$30,395,306
94$83,076,735$3,033,195$0$33,323,533
95$91,417,790$3,049,049$0$36,546,749
96$100,605,449$3,061,498$0$40,095,013
97$110,725,936$3,070,242$0$44,001,451
98$121,874,262$3,074,965$0$48,302,572
99$134,155,128$3,075,329$0$53,038,613
100$147,683,907$3,070,976$0$58,253,919